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South Lake Tahoe Foreclosures, 952 Tahoe Island Drive

Foreclosures in South Lake Tahoe are still on the on the top of the list for most serious home buyers. Currently there are 31 foreclosures on the South Lake Tahoe mls and 14 of them are in escrow. Foreclosures in South Lake Tahoe are still selling rather quickly and have an average of 66 days on the market.

One of the reasons that foreclosures in South Lake Tahoe are selling so quickly is that most of them are priced to sell. The average list price for the current foreclosures is $314,139. The average price per square foot for the current foreclosures is $206 compared to $334 for all of the non foreclosures on the market.

The most recent foreclosure listed on the South Lake Tahoe mls is 952 Tahoe Island Drive.

952 Tahoe Island Drive $275,000

In Town Chalet which is close to the elementary school and Tahoe Keys Blvd. Insert Wood Fireplace. 2 Bedrooms and 1 Bath upstairs and 2 Bedroom and 1 Bath Downstairs. To be sold in “AS IS” condition.

4 bedrooms, 2 bathrooms, 1 car garage
1650 square feet
7514 square foot lot
Chalet style
In town location
For more information contact Brent and Jill Johnson!

If you would like to know more about foreclosures in South Lake Tahoe, homes for sale in South Lake Tahoe, or South Lake Tahoe real estate, please call Brent and Jill Johnson today!

This Lake Tahoe real estate blog post was written by South Lake Tahoe real estate agent Brent Johnson.

Gardner Mountain

If you are looking for a neighborhood with low to mid-priced homes in South Lake Tahoe, the Gardner Mountain area is a great place to buy. The majority of homes in the Gardner Mountain area are smaller homes and cabins priced in the $300,000 range. There are some houses available in the mid $200’s, and range all the way to new houses can be found up in the $800’s.

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Gardner Mountain has a quiet mountain like setting and is still with-in the City limits of South Lake Tahoe. As the name implies, the area is located on a small and forested mountain. Gardner Mountain has easy access from HWY 89, and is less than a mile from HWY 50 and the Y. Gardner Mountain is one of the closest areas to Camp Richardson, Fallen Leaf Lake, and South Shores best beaches. There is a great bike trail that leads to Pope beach , Baldwin beach, Kiva beach, and all the way to Ski beach from the bottom of Gardner Mountain.

National Forest land boarders the west side of the Gardner Mountain area, and to the south is the South Tahoe High School. Gardner street, on the west side, is one of the best streets in the area to be located on because it boarders the National Forest land and offers both privacy and views.

Most of the lots in the Gardner Mountain area are 5,000 to 10,000 square feet in size. The 10,000 square foot lots are usually 50′ wide by 200′ deep, so many homes in the area have very large back yards. There are also a few big lots near the bottom of Gardner Mountain that are an entire acre in size.

Vacation homes in Lake Tahoe Full for Presidents Day Weekend

There must have been a lot of occupied vacation homes in Lake Tahoe this weekend from the looks of the traffic leaving town this afternoon. With chain controls from Meyers all the way to Kyburz, traffic was backed all the way past the Y. I was surprised that the chain controls were all the way down to Kyburz, because the roads were only wet from Kyburz to Strawberry!

The fresh snow must have attracted all of skiers that have been waiting for one of the best powder days of the season. Heavenly Valley reported 25″ to 33″ of new snow in the last 7 days, and Kirkwood reported 82″ to 108″ of fresh powder!

Jill and I had a couple of clients looking at South Lake Tahoe homes on Friday and Saturday which went very well. We also had showings on a couple of our listings, so there were other buyers looking at houses in Tahoe also.

It was great to see all of the people enjoying our great town and all of the fresh new snow. There are a lot of vacation homes and second homes in South Lake Tahoe, and I think that a lot of them were full this Presidents Day Weekend!

South Lake Tahoe real estate blog post by Brent Johnson on a snowy Presidents Day Weekend. For more information regarding homes in South Lake Tahoe for sale, please contact Brent and Jill Johnson today!

Viewing Homes for sale in South Lake Tahoe? Bring your snow boots!!

If you are planning on looking at homes for sale in South Lake Tahoe, make sure to bring your snow boots! Yesterday, my wife and partner Jill was out showing houses in a snow storm and came home with wet and very cold feet. We have finally been getting some well needed Sierra snow, but it does not make things easy for house hunting!

After one of the driest January’s on record, sellers have forgotten how important it is to maintain access to their home through the snow. Many times buyers will pull up to a home that has not been plowed, and just drive away. That sure makes it hard to sell! There was one out of town agent who told Jill that she was just up her two weeks ago and shoveled a path to the front door. It has snowed a few feet since then, and there was a 4 foot berm from the snow plow!

Yesterday Jill had some very adventurous buyers willing to wade through the snow to get inside. It was a good thing, because they wouldn’t have been able to see many homes if not!

Foreclosures in South Lake Tahoe are the most likely homes NOT have a plowed driveway after a snow storm. It is usually up to the listing agent to schedule the snow removal, pay for it, and hopefully be reimbursed from the bank. Don’t expect to warm up once you are inside either, most foreclosures for sale in South Lake Tahoe are winterized and have no heat!

A lot of homes in South Lake Tahoe are second homes. It is easy for a homeowner who lives out of town to forget that when it is raining in the valley, it is most likely snowing in Tahoe! If you have a second home in Tahoe for sale, and would like buyers to look at it, hire a snow removal company to plow the driveway!

When planning a trip to look at houses for sale in South Lake Tahoe, make sure to bring a good pair of waterproof boots, a jacket, and gloves. You may also want to bring a note pad and a pen to take notes, a digital camera, and a tape measure to make sure that your furniture will fit!

Happy house hunting!!!

If you would like to set up an appointment to tromp around in the snow and look at houses for sale in South Lake Tahoe, or would like more information about foreclosures in South Lake Tahoe or real estate in South Lake Tahoe, contact Brent and Jill Johnson today!

South Lake Tahoe Real estate blog posted by Brent Johnson on a snowy Tahoe day!

Country Club Estates/ Elks Club

The Country Club Estates/ Elks Club area has some of the nicest and largest houses for sale in South Lake Tahoe.

Although there are many newer large homes in the Country Club Estates area, there are also smaller and older re-sale homes available. Houses currently on the South Lake Tahoe mls range from a bank owned 3 bedroom foreclosure listed for $264,900, to a newer custom home for $1,649,000.

The Country Club Estates area is in a great location because it is only a few minutes from the Y, but it has a secluded county feeling. Being in Country Club Estates makes you feel like you are in the mountains. The homes are nestled around the towering pine trees on sloping lots. The area also has easy access from both Pioneer Trail and Hwy 50.

Due its location on the sloping hill, many of the homes in Country Club Estates have mountain views, and some homes even overlook the Lake Tahoe Golf Course. It is also common to find homes that either neighbor a National Forest lot, or even back National Forest land.

If you are looking at homes for sale in South Lake Tahoe with a quiet county setting but not too far away from Tahoe’s amenities, Country Club estates is an area that you should be looking in. Weather you are looking for a million dollar luxury home or a small fixer upper/ foreclosures in South Lake Tahoe this area should have something for everyone.

South Tahoe Real Estate Blog-$15,000 Tax Credit is Shot Down

The $15,000 home buyer tax credit that the Senate had proposed in the massive stimulus bill has been modified by Congress. The Senate had added a proposal that would have given all home buyers a $15,000 (or up to 10% of the purchase price) tax credit.

According to the New York Times, the tax credit will likely only be for first time home buyers that meet certain income requirements, and be reduced from $15,000 to $8,000. The proposed tax credit is still in negotiations, and all of the details have not yet been worked out.

The Stimulus Bill was also cut in other areas, and now is down to an estimated $789 billion dollars. The House and the Senate are hoping to have the bill on President Obama’s desk by Monday (Presidents Day).

The Senates proposed $15,000 tax credit would have made a much bigger effect on the housing market because it would have been available to ALL home buyers.

If the tax credit is passed as it stands, the South Lake Tahoe real estate market probably will not benifit as much as other areas. The South Lake Tahoe real estate market is in a resort area and is different than the majority of other markets. Most buyers looking at South Lake Tahoe homes for sale are not first time home buyers, but are vacation home buyers, and investors.

In order for South Lake Tahoe houses to see an upward trend in prices, we need to see a decline in foreclosures and short sales. South Lake Tahoe foreclosures have been selling for an average of $216 per square foot, 21% less than non-foreclosures which have been selling for $274 per square foot. The investors that are buying houses in South Lake Tahoe are looking for deals, so they do not mind buying a foreclosure that needs a bit of work.

Like I had said earlier, the $15,000 tax credit for all home buyers would have benefited the South Lake Tahoe real estate market more because it would have added an extra incentive to second home owners and investors. As soon as the details of the first time home buyer tax credit are worked out, I will be sure to post them on my South Lake Tahoe Real Estate blog!

This South Tahoe real estate blog was posted by South Lake Tahoe real estate agent Brent Johnson. Contact Brent and Jill Johnson for more information regarding homes for sale in South Lake Tahoe, South Lake Tahoe real estate, or South Lake Tahoe foreclosures!