Lake Tahoe Real Estate Blog

Newer Construction for Sale in South Lake Tahoe!

July 24, 2013 by bjohnson Leave a Comment

1529 Snow Mountain Circle

Offered at $588,000!

If you are looking for a newer home for sale in South Lake Tahoe this could be the one! Custom built in 2011 this well maintained home features towering wood ceilings, mountain views, and quality construction throughout. Two Forest Service lots to the right and 3 Forest Service lots in front create an open setting and protect the mountain views. Knotty alder woodwork, teak hardwood floors, granite slab counter tops, and custom travertine stone have been installed with perfection. A level entry downstairs living, and a downstairs master bedroom makes this house easy to access for all ages. The upstairs loft is currently used as a theater room and can easily be converted to a 4th bedroom if desired. The grounds have been professionally landscaped with native plants and grass, a paving stone patio, and automatic sprinklers. The great sun exposure, three car garage, and new hot tub are just some of the features that make this home a must see!

Gorgeous Landscaping
Mountain Views
Hot Tub Included
75 Gallon Water Heater
3 Car Garage
Great Sun Exposure
Much More!

For more information about this property or other new homes for sale in South Lake Tahoe please call Brent Johnson today!

May South Tahoe Real Estate Update

July 9, 2013 by bjohnson Leave a Comment

May was a big month for closings on the South Lake Tahoe MLS. There were 75 single family homes and condos reported as sold on the MLS from May 1st to the 31st. Closings were up from 60 in April and up from 68 in May 2012.

The inventory of homes for sale is also on the rise which is great news for home buyers looking for more of a selection of homes to choose from. Inventory levels are still historicaly low in South Lake Tahoe but have gone up about 19% over the last few months. There are currently 374 single family homes and condos listed on the South Lake Tahoe MLS which is up from 302 in April. Out of the 374 listings, 268 are active and 106 are currently in escrow.

According to the South Tahoe Association of Realtors the median sales price for single family homes has not gone up for 10 months in a row. The median sales price for single family homes sold on the MLS was $270,000 which is up from $267,500 in April and up 13.1% from what it was in May 2012.

South Lake Tahoe Real Estate Statistics

There were 75 single family homes and condos sold in May, up from 60 sales in April, and up from 68 sales in May 2012.
The median sales price in May was $270,000, up from $267,500 in April, and up from $238,668 in May 2012.
The average sales price in May was $385, 508, down from $443,983 in April, and up from $346,319 in May 2012.
The average price per square foot in May was $239, up from $227 in April, and up from $189 in May 2012.
The average days on the market was 133 and the median days on the market was only 62 including the escrow period.

Short Sales in South Lake Tahoe

There are currently only 21 short sale listings on the South Lake Tahoe MLS. 17 of the short sales are in escrow and 4 are active.
There were 8 short sales that closed escrow in May, up from 4 sales in April, and down from 14 sales in May 2012.
The average price per square foot for the short sales was $187, up from $155 in April.
The average sales price for the short sales was $237, 635, down from $361,4oo in April.
The median sales price for the short sales was $227,500, down from $352,000 in April.

There were only 4 foreclosures that were sold in May which was down from 17 foreclosure sales in May 2012. The average sales price of the foreclosures sold was $188,475 and the median sales price was $194,450. The average price per square foot of the foreclosure sales was at $206.

For more information about the South Lake Tahoe real estate statistics and information about properties for sale in the Tahoe area please call Brent Johnson at (530) 416-2625 today!

Mini-Estate Foreclosure Listing in South Lake Tahoe!

July 3, 2013 by bjohnson Leave a Comment

1290 Angora Lake Road

Offered at $1,295,000!

Do not miss out on this foreclosure located just minutes from the sandy shores of the worlds most beautiful lake and the slopes of Heavenly Valley Ski Resort. Located on two separate lushly landscaped parcels this mini estate is one of the most unique and custom properties in the South Shore. The main house has 4 bedrooms, 2.5 baths, and a 3 car garage. Newly constructed in 2012, the adjacent parcel has a studio guest house above a 4 car garage and a large basement that would make a perfect gym, wine cellar, or the ultimate man cave! This property has brand new appliances, carpet, and paint and the rustic oak hardwood has just been refinished. This home has top of the line surround sound speakers, and a security system with cameras, and is pre-wired for HD flat screen TV’s. The stunning park like landscaping includes a built in gas fire pit, giant boulders, and meandering paving stone walk ways. This estate would make a perfect vacation rental, second home, or corporate retreat!

Two Homes on Two Lots
Enough Garage Space for 7 Cars
Mother In Law Unit Constructed in 2012
Huge Basement Perfect for a Man Cave or Wine Cellar
Bright and Open Living Space
Perfect Opportunity for a Vacation Rental (keep the mother in law unit to use anytime!)
Stunning Landscaping
Boat and RV Parking
Fully Fenced Back Yard
Much Much More!!!

For more information about this great foreclosure opportunity call Brent Johnson at (530) 416-2625 today!

New Listing in Montgomery Estates!

July 1, 2013 by bjohnson Leave a Comment

2298 Del Norte Street

Offered at $695,000!

Montgomery Estates Masterpiece! This beautifully maintained custom home is located on a 20,710 square foot lot in one of the most sought after areas of Lake Tahoe. A complete remodel in 2004 created an open and spacious floor plan great for entertaining. Log accents, extensive granite rock work, and knotty pine woodwork give this home a true Tahoe feel. There are two spacious living areas each with their own custom rock fireplace. You will love the privacy of the large fenced yard and the adjacent Conservancy owned land. With a peek of the lake from the master bedroom and the living areas, this is truly a very special home!

Pine Ceilings and Trim
Log accents
Custom granite throughout
Two master bedrooms
Huge lot with a fenced in back yard
Great views
Much more!!!

If you would like to set up an appointment to see this beautiful home for sale in Montgomery Estates please call Brent Johnson at (530) 416-2625!

New Duplex Listing in South Lake Tahoe!

July 1, 2013 by bjohnson Leave a Comment

New Duplex Listing!

Offered at $219,000

Here is a large townhouse style duplex centrally located close to Heavenly, Stateline, and the Lake. This large duplex has pen beam ceilings, forced air heating, and washer/dryer hook-ups on each side. With a little sprucing up this is a great opportunity to own a rental property in Tahoe and earn a little sweat equity! Both units are currently rented with month to month leases. Unit A is rented for $800 per month and Unit B is rented for $700 per month.

Open Beam Ceilings
Large 2 bedroom, 1.5 bath units
Forced Air Heating
Great Investment Opportunity!

For more information about investment properties in South Lake Tahoe please call Brent Johnson at (530) 416-2625!

Tahoe Keys Real Estate

June 4, 2013 by bjohnson Leave a Comment

The Tahoe Keys Real Estate market has always seemed to very active during the summer months so I though that I would post the latest statistics in preparation for another busy summer. The inventory of houses for sale in the Tahoe Keys continues to remain low, similar to the rest of the areas in South Lake Tahoe. There are currently only 33 single family homes listed on the South Tahoe MLS. Out of the 33 listings 24 are active and 9 are active pending. With only 24 active listings out of the 1250 homes in the Tahoe Keys there is not a lot to choose from.

The biggest change in the inventory of homes for sale in the Keys is the lack of lower priced properties. The least expensive home currently for sale in the Keys on the water with lake access is$779,000. This is a huge change when just 12 months ago there were about a dozen homes on the water priced under $700,000.

There are a few distress sales currently listed in the Tahoe Keys. There are two short sales that are currently in escrow and one foreclosure listing that is not on the water but is still available. There is also a foreclosure listing that was not listed on the South Lake Tahoe mls on Lucerne that was listed on the Metrolist mls and had multiple offers within a couple of days of being listed.

So far this year there have been 35 houses in the Tahoe Keys that were sold on the South Lake Tahoe MLS. Out of the homes that were sold 27 were on the water with lake access and 8 of the homes did not have lake access.

Tahoe Keys Real Estate Statistics

There have been 35 single family homes sold in the Tahoe Keys so far in 2013
The average sales price has been $730,029
The median sales price has been $634,500
The average price per square foot was been $313
The median days on the market has been 126 and the average days on the market has been 164
There has been one foreclosure and one short sale that has closed escrow so far this year

For more information about Real Estate in the Tahoe Keys please contact Brent Johnson at (530) 416-2625 today!

South Lake Tahoe Real Estate Update

May 28, 2013 by bjohnson Leave a Comment

Homes for sale in South Lake Tahoe — 1888 Osage offered at $979,000

As South Lake Tahoe businesses prepare for what is expected to be a busy summer tourist season home sellers seem to be getting ready as well. Although the inventory of homes for sale in South Lake Tahoe is still low compared to historic levels, some sellers are taking advantage of the rising prices and low inventory by listing their homes for sale. There are now 302 single family homes and condos listed on the South Lake Tahoe MLS. Out of the 302 listings over 1/3 of the properties are currently in escrow. There are 102 properties in escrow and 200 that are still active (many of the active listings have offers pending).

In the last 14 days there have been 62 new single family and condo/townhouse listings in the city and county areas of South Lake Tahoe. Only 3 of the new listings were short sales and only 2 were bank owned foreclosures. All 3 of the new short sale listings have already gone into escrow.

The distress sale inventory on the South Lake Tahoe mls continues to decline has it has over the last 12 months. There are currently 22 short sale listings on the MLS and every single one is currently in escrow. There are currently NO active short sales in the South Lake Tahoe M LS! There are currently only 10 bank owned foreclosures on the MLS, 4 of the foreclosures are still active and 6 of the foreclosures are in escrow.

South Lake Tahoe Real Estate Statistics for April

There were 60 single family homes on the South Lake Tahoe MLS that were sold in April, up from 51 in March and up from 47 in April 2012.
The average sales price was $443, 983, up from $360,000 in March and up from $288,032 in April 2012.
The median sales price was $267,500 up from $260,000 in March and up from $237,500 in April 2012.
The average price per square foot was $227, down from $223 in March and up from $168 in April 2012.
The average days on the market was 145 and the median days on the market was only 69.

Foreclosures in South Lake Tahoe

There are currently10 foreclosures on the South Lake Tahoe MLS. 4 of the foreclosures are active and 6 are currently in escrow.
There were only 4 foreclosures that closed escrow in April, up from 3 in March and down from 18 in April 2012.
The average sales price of the foreclosures was $260,513.
The median sales price of the foreclosures was $248,750.
The average sales price per square foot was $155.
The average days on the market was 48.
The median days on the market was 46.

Short Sales in South Lake Tahoe

There are currently 22 short sales on the South Lake Tahoe MLS and all of them are currently in escrow.
There were 4 short sales that closed escrow in April, up from 3 sales in March and down from 6 sales in April 2012.
The average sales price for the short sales was $361,400.
The median sales price for the short sales was $352,000.
The average price per square foot was $188.
The average days on the market was 389.
The median days on the market was 328.

We should continue to see a steady flow of new listings coming on the market which is great for buyers who have been looking for the right property. Although the new listings are giving buyers more of a selection, home prices are still on the rise and buyers seem to be gobbling up the new listings almost as fast as they are coming on the market.

Super Clean Home For Sale in South Lake Tahoe

May 27, 2013 by bjohnson Leave a Comment

1215 Margaret Ave.

Offered at $237,500!

This is a perfect starter home! Recently remodeled with new cabinets, appliances, and flooring this property clean and centrally located. Other recent upgrades include double pane vinyl frame windows, new interior paint, and rock work around the wood stove. The back yard is fully fenced and has a large storage shed for all of your toys. Centrally located in the Y Area close to shopping and the bus stops, this property has great potential as a primary residence, rental, or a second home. This home has been maintained very well and and is a must see for anyone looking to purchase real estate in South Lake Tahoe.

Double pane windows
Wood cabinets
Large storage shed
Gas heat
Fenced yard
Much more!

If you would like to set up an appointment to see this property or any other homes for sale in South Lake Tahoe please call Brent Johnson at (530) 416-2625 or email me at bjjohnson@chaseinternational.com.

March South Lake Tahoe Real Estate Statistics

May 9, 2013 by bjohnson Leave a Comment

March ended up being a big month for single family home sales in South Lake Tahoe despite the low inventory for buyers to choose from. In addition to 51 closed escrows in the city and county areas of South Lake Tahoe the median sales price, average sales price, and price per square foot were up from the previous month. Distress sales were down and only accounted for 12% of the homes that were sold in March.

March South Lake Tahoe Real Estate Statistics

There were 51 single family homes/condos that were sold in March, up from 38 sales in February.
The median sales price was $360,000, up from $277,600 in February.
The average sales price was $389,702, up from $334,531 in February.
The average price per square foot was $233, up from $198 in February.
The median days on the market was 87.

Foreclosures in South Lake Tahoe

There were only 3 foreclosures in South Lake Tahoe that were sold in March, down from 10 that were sold in February.
The average sales price of the foreclosures was $295,333, down from $310,740 in February.
The median sales price of the foreclosures was $309,000, down from $277,600 in February.
The average price per square foot was $180, up from $178 in February.
The average days on the market was 74 and the median days on the market was 79 days.

Short Sales in South Lake Tahoe

There were 3 short sales that closed escrow in March, down from 6 short sales in February.
The average sales price of the short sales was $182,167, down from $296,780 in February.
The median sales price of the short sales was $142,000, down from $323,900 in February.
The average price per square foot was $214, up from $176 in February.
The average days on the market was 276 and the median days on the market was 211 for the short sales.

I will be posting the April South Lake Tahoe real estate statistics shortly as well. Please let me know if you have any questions regarding this information.

New Listing in Echo View Estates, South Lake Tahoe

May 1, 2013 by bjohnson Leave a Comment

1115 East Court

Offered at $489,000

Location, Location, Location!!! Completely rebuilt in 1996 this 2576 square foot home backs to National Forest Land and is located in the desirable Echo View Estates area. You will enjoy the peace and quiet of this 13,662 square foot lot, beautiful landscaping, and forest views. This spacious home has 4 bedrooms, 2.5 bathrooms, an office, and a large heated two car garage. One of the two driveways offers level entry access to this single level home. It is not that often that properties are available in Echo View Estates so do not miss out on this opportunity. This well maintained home is very clean and is a must see for anyone looking for a home in Tahoe! For more information about this home and to set up an appointment to view this property call South Lake Tahoe Real estate agent Brent Johnson at (530) 416-2625 or email me at Bjjohnson@chaseinternational.com .