(LAKE TAHOE REAL ESTATE BLOG) We have just updated our South Lake Tahoe Real Estate Market Escrow Report. You will find the link “All Escrow - South Lake Tahoe, CA”, in the left sidebar of our Lake Tahoe Real Estate Blog. This will lead you to a spreadsheet containing all homes in South Lake Tahoe, CA that are currently in escrow.

The spreadsheet has two links that will lead you to charts containing statistical data on all the homes in escrow. These charts have the following information:

• Average Original List Price
• Median Original List Price
• Median Reduced, or Current Price
• $ Difference List v. Reduced Price
• % Difference List v. Reduced Price
• Average Days on Market
• Average Price per Sq Ft
• Average Size

 Escrow Summary :
Here’s what the latest escrow information tells us about current market conditions in South Lake Tahoe, CA:

• The Listed Median Price for the homes in escrow is $525,000 (not including homes in The Tahoe Keys)
• Median Sold Price for these homes will be less than the current listed median price.
• Escrow normally takes about 60 days in South Lake Tahoe, CA.
• The homes in escrow now generally reflect buying activity from late August forward.

 Escrow and Inventory :
The chart above tracks the relationship of homes that are listed and homes in escrow since November of 2006.

• There are 418 available listings in South Lake Tahoe, CA at present.
• There are 41 homes in escrow.
• This is 24 fewer homes in escrow than there were on November 1 of 2006.

What it Means : Good News for Buyers.
The South Lake Tahoe, CA real estate market presents significant Buying opportunities at this time.

• Interest rates remain reasonable.
• Prices have come down.
• A Buyer has many homes from which to choose.
• Many Sellers are eager to sell.
• Some Sellers are more reasonable than ever.

We offer this information as a public service. This blog contains the most complete and current information on the South Lake Tahoe, CA and Stateline, NV real estate market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Use comments box below.)