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South Lake Tahoe, CA Homes in Escrow

December 9th, 2009 categories: Escrow Report, For Buyers, For Sellers, Lake Tahoe Real Estate, Major Market Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA

93 Homes in Escrow in South Lake Tahoe… 64.5% are Distressed Sales!

We have just updated the South Lake Tahoe Real Estate Market Escrow Report. There are 93 homes in escrow at present. (This same number was 97 a month ago, and 102 two months ago.)

This is 29.9% of the current 311 homes on the market in South Lake Tahoe, CA. Throughout the last calendar year the percentage of homes in escrow has ranged from 9.5% to 25.5%.There were 12.2% of available homes in escrow at this same time last year.

Note the new category below that addresses the number of bank owned properties (REOs) and short sales in escrow v. those that are not. You’ll also find this on our spreadsheets and statistics charts as well. (here)

All homes in escrow, here.

Statistics on all homes in escrow here.

You will find the link “All Escrow – South Lake Tahoe, CA”, in our left sidebar. This will lead you to a spreadsheet containing all homes in South Lake Tahoe, CA that are currently in escrow.

Escrow Summary :

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

The Median Price for the homes in escrow is $319,000 (not including homes in The Tahoe Keys)
It was $339,000 a month ago, and $325,000 two months ago (not including homes in The Tahoe Keys), which has more to do with what has been recently purchased, rather than an indication of any new, significant change in overall market value.
Median Sold Price for these homes will be less than the $319,000 current listed median price above.
Escrow normally takes about 60 days in South Lake Tahoe, CA.
The homes in escrow now generally reflect buying activity from March forward.

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

There are 311 available listings in South Lake Tahoe, CA at present.
There are 93 homes in escrow.
This is 46 more homes in escrow than this time last year (see chart below).

Escrow and Foreclosures :
Of the 93 homes currently in escrow in South Lake Tahoe, CA, 60 are distressed sales (64.5% now, it was 57.7% a month ago, and 59/8% two months ago):

21 are bank owned (REOs)
39 are short sales

South Lake Tahoe Real Estate Market Update: Escrow Report

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.)