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Tahoe Keys Townhouse Statistics
Now that the Tahoe Keys Real Estate market has heated up for single family homes I expect the townhouses to follow the same trend. There are currently only 18 single family homes for sale in the Tahoe Keys that are on the water with Lake access. Only 7 of the Keys homes are priced under $1,000,000. This is down from around 20 Keys homes under $1,000,000 last year. As
the prices continue to rise in the Tahoe Keys I anticipate the activity on the Townhouses to improve as well. Owning a Townhouse in the Tahoe Keys is still the least expensive option for waterfront living in Lake Tahoe. It is hard to beat stepping out of your back door and into your boat to enjoy the gorgeous emerald water in Lake Tahoe!
There are currently 10 townhouses in the Tahoe Keys that are listed on the South Lake Tahoe MLS. Out of the 10 listings, 2 are in escrow and 8 are still available. The prices for the townhouses range from $159,000 for a 507 square foot remodeled studio up to $649,000 for a 3 bedroom, 2 bath unit next to the lake. The HOA fees for the townhouses range from $488.25 a month to $599.25 a month including domestic water.
There have been 3 townhouses in the Tahoe Keys that have sold so far in 2013. Two of the sold townhouses were studio units and one was a 3 bedroom, 3 bath unit. The average sales price was $245,000 and the average price per square foot was $227. One of the studio sales was a bank owned foreclosure which sold for $105,000.
2012 Tahoe Keys Townhouse Statistics
- There were 16 townhouses in the Tahoe Keys that were sold in 2012.
- There were 2 bank owned foreclosures and 3 short sales that were sold in 2012.
- 2012 average sales price was $314,124.
- 2012 median sales price was $322,500.
- 2012 price per square foot was $242.
- 2012 median days on the market was $135.
2011 Tahoe Keys Townhouse Statistics
- There were 19 Townhouses in the Tahoe Keys that were sold in 2011.
- There were 2 short sales and 2 bank owned foreclosures that sold in 2011.
- 2011 average sales price was $317,220.
- 2011 median sales price was $310,000.
- 2011 average price per square foot was $240.
- 2011 median days on the market was 123.
2006 Tahoe Keys Townhouse Statistics
- There were 16 Townhouses in the Tahoe Keys that were sold in 2006.
- None of the sales were bank owned or short sales.
- 2006 average sales price was $652,148.
- 2006 median sales price was $616,000.
- 2006 average price per square foot was $486.
- 2006 median days on the market was 100.
With the average sales price, median sales price, and the average price per square foot of the townhouses in the Tahoe Keys currently at about 50% of what they were in 2006 it may be a great time to invest in one. As the summer approaches and the channels begin to fill with boats the Townhouses in the Tahoe Keys should get some attention. For more information about the Tahoe Keys Real Estate market please call Brent Johnson at (530) 416-2625!
February South Tahoe Real Estate Statistics
My monthly South Lake Tahoe real estate statistic updates are beginning to sound like a broken record, prices are going up and inventory is going down… The median and average sales price of the homes in South Lake Tahoe that were sold in February were up from January 2013 and up from February 2012. The inventory of condo/townhomes and single family homes for sale on the South Lake Tahoe MLS has fallen from 141 active listings to only 112 active listings in the City and County areas. The current inventory is now less than half of what was for sale this time
last year. Distress sale inventory is also at the lowest level it has been in years. There are currently only 3 active single family short sale listings and only 5 active foreclosure listings on the mls.
The lack of distress sale listings as well as the lack of lower end listings is causing both the median and average sales prices in South Lake Tahoe to rise. In February the median sales price of the single family homes and condos was $277,600, up from $275,000 in January, and up from $205,000 in February of 2012. That is a $70,000 increase in the median sales price in just one year! The average sales price in February was $346,837, up from 334,531 in January, and up from $257,361 in February of 2012.
February South Lake Tahoe MLS Statistics
- There were 38 homes and condos on the South Lake Tahoe MLS that were sold in February, down from 44 in January and up from 33 in February 2012.
- The median sales price was $277,600, up from $275,000 in January and up from $205,000 in February 2012.
- The average sales price was $$346,837, up from $334,531 in January and up from $257,361 in February 2012.
- The average price per square foot was $198, the same as it was in January, and up from $163 in February 2012.
- The average days on the market was 130 and the median days on the market was 107. In February 2012 the average days on the market was 150 and the median was 117.
The foreclosure inventory shrank from 17 total foreclosure listings to only 10 foreclosure listings. Out of the 10 foreclosure listings, 5 are currently active and 5 are in escrow.
Foreclosures in South Lake Tahoe
- There are 10 total foreclosure listings for single family homes and condos on the South Tahoe MLS, 5 are active and 5 are in escrow. At the end of January there were 17 total foreclosure listings and 5 of them were active.
- There were 10 foreclosures in South Lake Tahoe that were sold on the mls in February, up from 5 in January and down from 15 in February 2012.
- The average sales price of the foreclosure sales was $310,740, up from $244,350 in January and up from $185,283 in February 2012.
- The median sales price of the foreclosures was $270,100, up from $215,000 in January and up from $170,000 in February 2012.
- The average price per square foot was $178, up from $164 in January and up from $138 in February 2012.
The current inventory of short sale listings in South Lake Tahoe did not change much from what it was in January and remains low compared to what it has been the in the last few years. There are now only 23 total short sale listings for single family and condo/townhomes in South Lake Tahoe. Out of the 23 total short sale listings, 19 are in escrow and only 3 are still active.
Short Sales in South Lake Tahoe
- There are currently 23 single family and condo short sale listings on the South Lake Tahoe MLS. Only 3 of the short sale listings are still active. In January there were 24 short sale listings and only 3 were active.
- There were 6 short sales that were sold in February, down from 8 in January and up from 5 in February 2012.
- The average sales price of the short sales was $296,780, up from $145,55o in January and up from $242,920 in February 2012.
- The median sales price of the short sales was $323,900, up from $148,650 in January and up from $200,000 in February 2012.
- The average price per square foot was $176, up from $139 in January and up from $161 in February.
With only 200 total single family and condo/townhouses currently listed in the City and County areas of South Lake Tahoe and 88 of them in escrow I am hoping that we will see some new listings this spring. My best advice for buyers that are searching for a property in South Lake Tahoe is to keep in touch with your agent and make sure to look at the new listings on a daily basis. If a listing that interests you comes on the market, chances are that this listing will interest other buyers as well. Make sure that you are pre-approved so that you are ready to make an offer on the next listing that you have been waiting for before someone else does.
New Home For Sale in South Lake Tahoe!
1888 Osage Circle
Reduced to $979,000!
Offered at $1,195,000
Situated on over an acre of wooded land and backing to miles of National Forest, this newly constructed Tahoe masterpiece is sure to impress the most sophisticated buyers. This custom home boasts 6 bedrooms, 5 full bathrooms, 3 master suites, and spacious living areas with soaring ceilings and massive timber trusses. The gourmet kitchen offers Thermador commercial stainless steel appliances including a built in refrigerator, 6 burner stove, a duel zone wine cooler and more! Custom cherry wood cabinets, knotty alder doors and trim and Brazilian Walnut flooring add to the beauty of this home. Other features of this home include custom tile and granite, 2 jacuzzi tubs, 4 fireplaces, 10 speaker surround sound throughout the house and patio deck with remote access from your cellular device or Ipad. Your investment will be safe with the 4 camera video surveillance system with motion recording and internet access. Take advantage of the miles of National Forest in your back yard with your snowmobiles, cross country skies, show shoes, or hiking boots. This home is a must see!
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- 4198 square feet
- 48,688 square foot lot
- 6 bedrooms, 5 full bathrooms, and a 3 car garage
- 4 fireplaces
- 3 master bedrooms
- surround sound controlled with your smart phone
- video surveillance
- fire sprinklers
- 2 jacuzzi tubs
- custom granite and tile
- commercial Thermador appliances
- game room with wet bar
- much more!
January South Tahoe Real Estate Statistics
I work with a lot of home buyers here in South Lake Tahoe and their biggest complaint seems to be the lack of current inventory. There are currently only 22 single family homes listed in the city and county areas of South Lake Tahoe under $300,000. There are only 3 houses under $300,000 that have at least 3 bedrooms, 2 bathrooms, and a 2 car garage. There are a total of 218 single family condo and single family listings on the mls, 77 are in escrow and 141 are active.
The second complaint that I have been hearing is that prices seem to be going up! Rising prices are great for sellers but not so great for buyers. In January the median price, average sales price, and the sold price per square foot was up from December 2012 and up from what it was in January of 2012.
South Lake Tahoe MLS Statistics
- There were 44 single family homes and condos on the South Lake Tahoe MLS that were sold in January, down from 49 in December and the same as January 2012.
- The median sales price of the houses in South Lake Tahoe that were sold in January was $275,000, up from $242,000 in December, and up from $222,500 in January 2012.
- The average sales price was $334,531, up from $309,849 in December, and up from $257,174 in January 2012.
- The average price per square foot was $198, up from $188 in December, and up from $160 in January 2012.
- The average days on the market was 149 and the median days on the market was 110.
The distress sale inventory has continued to decline as well. There are now only17 foreclosure listings in South Lake Tahoe on the MLS. Out of the 17 foreclosure listings only 5 are available and 12 are currently in escrow. There were only 5 foreclosures that were sold on the mls in January which is down from 9 foreclosure sales in December and down from 21 foreclosure sales in January 2012.
Foreclosures in South Lake Tahoe
- There are currently 17 (5 active) foreclosure listings on the South Lake Tahoe MLS.
- There were 5 foreclosure sales in South Lake Tahoe in January, down from 9 in December and down from 21 in January 2012.
- The average sales price was $244,340, up from $196,650 in January 2012.
- The median sales price was $215,000, up from $168,500 in January 2012.
- The average price per square foot was $164, up from $135 in January 2012.
There are currently only 20 short sales on the South Lake Tahoe MLS and only 3 of the short sales are still active. There were 8 short sales that closed escrow in January.
Short Sale Listings in South Lake Tahoe
- There were 8 short sales that were sold in January, up from 7 short sales in December, and down from 9 short sales in January 2012.
- The average sales price of the short sales was $145,550, down from $232,567 in December, and down from $348,556 in January 2012.
- The median sales price of the short sales was $148,650, down from $192,500 in December, and down from $279,000 in January 2012.
- The average price per square foot was $139, down from $159 in December , and down from $183 in January 2012.
- The average days on the market was 248 and the median days on the market was 198.
Tahoe Keys Real Estate
The Tahoe Keys Real Estate market had a great start to 2012 as well. There were 6 houses in the Tahoe Keys that were sold in January. There were 4 homes sold that were on the water with lake access and two houses that did not have lake access. The average sales price of the Keys homes was $628,917 and the median sales price was $670,000. The average price per square foot was $301. With currently only 20 houses for sale in the Tahoe Keys and spring quickly approaching, inventory shortage and rising prices are coming.
One of the Top Listing Agents in South Lake Tahoe!
After being recognized as the Top Listing Agent for Chase International South Tahoe Realty in the 2012 listing contest, I thought that I would share some of the reasons that I won this award. I feel that working well with both buyers and sellers has given me the knowledge needed to be one of the top producing real estate agents in South Lake Tahoe.
Below are some of the reasons that sellers trust myself and Chase International to sell their properties:
Brent Johnson’s Exclusive Listing Features and Aggressive Online Marketing Campaign
- Professional Photography and Virtual Tours! With over 84% of today’s home buyers searching for homes on the Internet, professional pictures are a must. Not only will your property be one of the first that they see online, it will make the top of the “Must See” list with the high quality professional pictures and virtual tours.
- Featured Listings! I pay for my listings to be featured on the top Real Estate websites including Zillow.com, Realtor.com, Trulia.com, bjohnson.idxcentral.net, and more.
- Maximum Internet Exposure! My website bjohnson.idxcentral.net is one of the most active and user friendly real estate websites in Lake Tahoe. My blog is updated frequently and produces lots of business. My website is at the top of page one for many Google search phrases including the Top Spot for “Tahoe Keys Condos for sale”, “Townhouses in the Tahoe Keys for sale”, “Tahoe Keys for sale”, and many more!
- Listing Syndication! Your property listing and professional pictures will be syndicated to thousands of websites worldwide! Not only do I pay for featured listings, I manually upload your listing to Postlets.com, craigslist, facebook, youtube, and many others. With listing syndication your property gains maximum Internet exposure.
- Premier Homes Magazine! Even though most home buyers are searching the Internet for properties, I still believe in print advertizing. I publish my listings monthly in Premier Homes Magazine. This widely distributed and high quality magazine gives buyers and sellers something to flip through while away from their computer. The professional hi resolution photo will insure that your listing stands out above the rest!
- Just Listed Post Cards! I mail out high quality, glossy, 8”x 5.5” “Just Listed” post cards to property owners in your neighborhood. Some of your neighbors may have friends or family looking to purchase a property and may have a buyer for your listing.
- Open Houses! Open houses area a great way to show off your property to home buyers, neighbors, and other Realtors. If my sellers want open houses I give them open houses! Open houses will be advertized in the Tahoe Tribune, the South Lake Tahoe MLS, and Trulia.com.
- MLS and Office Tour! Every week the South Lake Tahoe MLS has a caravan style tour of the new listings in South Tahoe. Chase International also has a monthly office tour for our agents to view our new office listings. I am a firm believer in hosting my listings on both tours so that I can market your listing to other local real estate agents.
- Marketing Department! Chase International is the only local real estate company with our own marketing department. All of our advertizing materials will adhere to Chase’s guidelines and will be second to none in quality and materials.
Brent Johnson and Chase International- Top Selling Real Estate Company and Top Producing Agent
- Top Producing Agent! In 2012 I sold 42 properties in South Lake Tahoe which was in the top 5 of almost 400 real estate agents in Lake Tahoe. I average between 35 and 45 property sales per year!
- Top Listing Agent! I was awarded the winner of the 2012 Listing Contest for listing the most properties for Chase International South Tahoe Realty.
- Top Producing Company! Chase International dominates the Lake Tahoe Real Estate market. Chase International sells the most houses in Lake Tahoe and nearly double the volume of our nearest competitor. Chase International has sold more units and dollar volume than any of their counterparts in Lake Tahoe since 2009!
- Testimonials! I not only take great pride in selling more properties that my competitors, I provide top quality service. I have had more clients post testimonials and recommendations on Trulia.com than any other agent in South Lake Tahoe! My goal is not just to sell your property. I also want to maintain and grow my reputation as one of the best real estate agents in Lake Tahoe!
- Experience! I have now been a top selling real estate agent in South Lake Tahoe for 8 years. My background as a general contractor and developer has given me the experience needed to be a well rounded and hard working Realtor. I have experience in the listing and selling of Tahoe Keys properties, single family homes, condo/townhouses, multi-family, vacant land, foreclosures, short sales, trustee sales, and commercial leases.
- The Chase Team! When listing your home with Chase International, you hire an entire team of Realtors and brokers. With my brokers and I working for you, a combined 55 years of experience in the South Lake Tahoe real estate market is on your side. From the pricing of your property through negations and closing, be assured that you will have hired the highest level of expertise and experience.
- Support! Our office is open 7 days a week! There are experienced agents on hand and ready to show your property when a call comes in. Unlike other smaller offices, you can be assured that an experienced Chase agent will be ready to answer calls from prospective buyers looking for information regarding your property.
- Tahoe Keys Location! Our office is located on Tahoe Keys Blvd., the gateway to the Tahoe Keys.
- Tahoe Local! I was born and raised in South Lake Tahoe and I grew up in the Tahoe Keys, I know the area better than anyone. I know what Tahoe and the Tahoe Keys has to offer. I can sell buyers on the area and your location!
- Hard Work! Being a successful developer, contractor, and real estate agent has taken years of hard work. I thrive on success and my great reputation as an honest, ethical, and top producing agent. I have the tools, knowledge, and the drive to sell your property for the highest price in the shortest amount of time as possible!
If you would like me to prepare a free market analysis on your property in South Lake Tahoe please call me at (530) 416-2625 to set up an appointment today!
