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Newer Construction in South Lake Tahoe

1440 Mount Olympia Circle

Offered at $679,000!

Mountain views, great sun exposure, and numerous custom features set this newer mountain style home apart from the rest. The gourmet kitchen includes Dacor and Miele stainless steel appliances, built in refrigerator, gas cooktop, knotty alder cabinets, and rich slab granite counter tops. Other features include extensive use of wide plank rustic oak flooring, two stone faced gas fireplaces, vaulted ceilings, and knotty alder trim throughout. This home has an inviting layout with 4 bedrooms, 3 full bathrooms, and two spacious separate living areas. Front and rear decks and a level lot allow easy access to enjoy the great outdoors. A Forest Service lot behind offers open space and views. This like brand new home has barely been used and is a must see!

Click here for the Virtual Tour

On Demand Water Heater
Slab Granite Counter Tops
Mountain Views
Rich Hardwood Flooring
Vaulted Ceilings
4 Bedrooms and 3 Full Bathrooms
Much More!!!

For more information about this newer construction home or questions about the South Lake Tahoe Real Estate market please call Brent Johnson at (530) 416-2625 or email me at bjohnson@chaseinternational.com today!

Spacious Home with Mountain Views!

1334 Pine Valley Rd.

Offered at $629,000!

Look no further! This spacious newer home is located in a very desirable area with easy access to Pioneer Trail. The upstairs living in this home offers great space for entertaining, ample natural sunlight, and large windows that capture the mountain and forest views. There is an oversize back deck that takes advantage of the peaceful and private setting. The downstairs has been completely remodeled and now boast a massive game room with extensive cabinets, granite slab counters, and a gas fireplace that has multiple uses. Other features and upgrades include stainless steel appliances, knotty pine cabinets, fresh interior paint, two gas fireplaces, and new hardwood flooring downstairs. If you are seriously considering purchasing a property in South Lake Tahoe, this is a great opportunity!!!!

3100 square feet of living space
4 bedrooms, 3.5 baths, and a 2 car garage
Remodeled spacious game room/man cave/separate living area
Recently painted
Great mountain views
Centrally located off of Pioneer Trail

Click here to see the virtual tour!

For more information about this great home for sale in South Lake Tahoe please call your South Lake Tahoe Real Estate specialist Brent Johnson at (530) 416-2625 today!

Completely Remodeled Home off of Pioneer Trail!

1848 Ibache Street

Offered at $319,000!!!

Attention South Lake Tahoe real estate buyers!!! If you are looking for a completely remodeled property with no work to complete look no further. This custom home offers both quality and a great setting. The gourmet kitchen includes custom cabinetry, built in refrigerator, granite slab countertops, stainless steel appliances, and a gas range. The living area has rich hardwood flooring, vaulted ceilings, recessed lighting, and a rock faced Fireplace Extraordinaire. A new spacious composite deck overlooks the large landscaped yard which is fully fenced and includes a hot tub and a storage shed. Located near the end of a quiet street close to miles of hiking and biking trails this is the ultimate Tahoe retreat!

Click here to see the South Lake Tahoe Real Estate Virtual Tour

Granite Slab Countertops
Quality Custom Cabinetry
Cabinet Faced Refrigerator
Hardwood Flooring
Gas Fireplace
On Demand Water Heater
Double Car Garage
Much More!!!

For more information about this great new listing call your South Lake Tahoe Real Estate expert Brent Johnson at (530) 416-2625 today!

South Lake Tahoe Real Estate Update for May, 2014

The South Lake Tahoe Real Estate market is following a normal seasonal pattern of increasing inventory. The inventory of homes for sale in South Lake Tahoe usually experiences about a 20% increase in single family housing inventory in the springtime.

There are now 370 total single family and condo listings on the South Lake Tahoe MLS in the City and County areas. Just a month ago there were only 300 listings. Out of the 370 MLS listings, 295 of the properties are active and 75 are currently in escrow. The 75 escrows represent 20.3% of the total inventory. During the same time in 2013 there were 335 total listings, 224 active listings, and 111 that were in escrow.

Although there are fewer properties currently in escrow than there were in 2013, prices are higher. The median sales price of the single family homes that were sold in May was $335,000, up 24.1% from $270,000 year to date.

South Lake Tahoe Real Estate Statistics

There were 49 single family homes and condos that were sold in May, down from 53 sales in April, and down from 75 sales in May of last year.
The median sales price in May was $335,000, up from $331,500 in April, and up from $270,000 in May of last year.
The average sales price in May was $370,318, down from $405,587 in April, and down from $385,508 in May of last year.
The average price per square foot was $242, down from $257 in April, and down from $227 in May of last year.
The average days on the market was 113 and the median days on the market was only 54.

There were only 2 short sales and 3 bank owned foreclosures that were sold in May on the South Lake Tahoe MLS. In May of last year there were 8 short sales and 4 bank owned foreclosures that were sold. Year to date there have been only 13 bank owned property sales which accounts for 5.2% of the total closings. There have been 17 short sales that have sold accounting for 6.7% of the total closings. There have been 252 single family home and condo sales reported on the South Lake Tahoe mls so far this year (as of 6/17/14).

If you would like more information about the South Lake Tahoe Real Estate market you can reach Brent Johnson at (530) 416-2625 or email me at bjohnson@chaseinternational.com.

Vacant Lot Listing in South Lake Tahoe!

Lot #7 Gilmore Lake Road

Offered at $98,000

This sunny and level building site is located just minutes from Heavenly Valley Ski Resort, the sandy shores of Lake Tahoe, and the Stateline Village. This oversize 11,538.80 square foot lot has 30% coverage and offers endless development possibilities. This is the perfect location for a primary residence, vacation rental, or a second home. There are not many vacant parcels left in Tahoe so get one before it’s too late!

11,539 Square Feet
30% Coverage
939 IPES
Central Location

If you would like more information about this property or if you have any questions about the South Lake Tahoe real estate market please call Brent Johnson at (530) 416-2625.

Tahoe Keys Real Estate

With summer just around the corner, I figured that it would be a great time to provide an update on the Tahoe Keys Real Estate market. This is the time of year when the activity in the Tahoe Keys begins to heat up.

There are currently 21 single family homes for sale in the Tahoe Keys ranging from a small 2 bedroom home for $399,900 (not backing to water) to a 7,339 square foot lakefront property offered at $4,700,000. Only 15 of the current Tahoe Keys listings back to the water and have lake access. The remaining 6 listings either back to Lake Tallac or do not back to any kind of water. Hopefully as summer goes on, more listings will come up in the Tahoe Keys.

The HOA fees for single family homes in the Tahoe Keys runs about $164 per month. Tahoe Keys HOA amenities include tennis courts, indoor/outdoor pools, spa, beach use, pier, basket ball, volley ball, security, water way maintenance, common area maintenance, and boat launch. I also included the domestic water in the HOA fee but not sewer.

There are currently 15 Townhouses for sale in the Tahoe Keys ranging from a 507 square foot studio for $149,000, to a remodeled lakefront unit offered at $1,500,000. Townhouses in the Tahoe Keys remain as the most affordable waterfront properties in the South Lake Tahoe area. Keep in mind that the HOA fees for the Townhouses run on average between $500 and $600 a month. This fee includes all of the Keys amenities along with exterior maintenance, exterior insurance, snow removal, and roof repairs.

So far this year there have been 15 homes sold in the Tahoe Keys that were listed on the South Lake Tahoe MLS. The average sales price has been $1,073,267 and the median sales price has been $727,500. Over the last 12 months the median sales price was $730,000, up from $633,000 from the previous 12 month period. This is almost a $100,000 increase in just 12 months (15.3% increase). The average price per square foot of the homes that have sold has been $377, up from $321 in 2013.

Although the median price of the homes sold in the Tahoe Keys was up, the number of total sales was down. There have been 51 homes sold in the Tahoe Keys in the last 12 months, down from 81 Keys sales in the previous 12 month period.

There have been 7 townhouses in the Tahoe Keys that have sold so far in 2014. The average sales price of the townhouse sales has been $392,143 and the median sales price has been $355,000. The average price per square foot has been $283 which is up from $279 in 2013.

For more information about real estate in the Tahoe Keys area please call Brent Johnson at (530) 416-2625 today!