Lake Tahoe Real Estate Blog

July Real Estate in South Lake Tahoe

September 2, 2010 by bjohnson Leave a Comment

July South Lake Tahoe Real Estate Statistics

The number of single family homes that sold in July fell to 31 from the 53 that sold in June. One reason for the decline in home sales could have been the expiration of the first time home buyer tax credit that had expired on June 30. Out of the 31 homes that were reported as sold on the South Lake Tahoe mls, 6 were bank owned foreclosures and 7 were short sales. That puts the percentage of distress sales at 42% for the month of July.

Statistics for the South Lake Tahoe Homes that sold in June

There were 31 single family homes that were reported as sold on the South Lake Tahoe mls, that is down from 53 in June.
13 of the properties that sold were distress sales. 7 were short sales and 6 were foreclosures.
The median sales price of the sold homes was $330,000, up from $319,000 in June.
The average sales price of the sold homes was $382,642, down from $416,292.
The average days on the market was 130 and the median days on the market was 84.
The average price per square foot was $229, up from $209 in June.

2010 July home prices were very close to what they were in July 2009. In July 2009 the median home sales price was $339,000 ($330,000 in 2010). The average sales price for the homes sold was $393,187 ($382,642 in 2010). The number of home sales was also down from 38 in 2009 to 31 in July 2010.

The bank owned foreclosures that sold in July had an average price per square foot of $201. The median sales price was $387,000 and the average sales price was $409,983. This was the first month that I have seen the foreclosure prices higher than the non-foreclosure prices. There was one foreclosure in the Tahoe Keys area that was sold.

The short sales in South Lake Tahoe that were sold in July had an average price per square foot of $217. The average sales price for the short sales was $241,143 and the median sales price was $249,000.

South Lake Tahoe Foreclosures For Sale

August 31, 2010 by bjohnson Leave a Comment

Updated on 3/25/11

Foreclosure Listings in South Lake Tahoe

Below is an updated list of the foreclosures for sale in South Lake Tahoe that are listed on the South Lake Tahoe MLS. There are currently 55 single family foreclosure listings and 24 of them are in escrow. The average listing price for the foreclosures is $323,835. The current median listing price is $256,000. The average list price per square foot is $180. Just click on the address for detailed listing information about the property. For more information about any of these foreclosure listings, please call Brent Johnson at (530) 416-2625.

2305 Blitzen Rd.- 3 bedroom, 2 bath, 2098 square foot home in Christmas Valley offered at $384,500.
2616 Henderson St.- 4 bedroom, 3 bath, 2 car garage newer 2206 square foot home in Christmas Valley offered at $458,900.
918 Julie Lane-3 bedroom, 1.75 bath, 1568 square foot fixer offered at $142,900.
943 Lodi Ave– 3 bedroom, 2 bath, 1200 square foot home offered at $184,900.
937 San Jose Ave 1-3- Tri-plex in Al Tahoe offered at $223,900.
3601 Shirley Ave.- 2 bedroom, 2 bath, 984 square foot duplex offered at $134,000.
1482 Black Bart Ave.- 2 bedroom, 1.75 bath, 1088 square foot cabin on a large lot offered at $120,000.
1439 Ski Run Blvd. #C4- 2 bedroom, 1.5 bath, 1016 square foot condo near Heavenly Valley offered at $229,900.
In Escrow! 1344 Gilmore Lake Rd.- 3 bedroom, 2 bath, 1485 square foot home on a large lot offered at $256,000.
In Escrow! 1626 Plateau Circle– 4 bedroom, 2 bath, 2 car garage, 1680 square foot Montgomery Estates foreclosure offered at $319,000.
In Escrow! 1911 Ibache St– 3 bedroom, 2.75 bath, 2 car garage, 2067 square foot newer home offered at $415,140.
In Escrow! 766 Gardner– 3 bedroom, 2.5 bath, 2 car garage, 1942 square foot newer home offered at $345,780.
1444 Matheson– 3 bedroom, 2 bath, 1856 square foot home offered at $219,900.
807 Patricia Lane– 3 bedroom, 1 bath, 2 car garage, 1667 square foot home offered at $219,900.
In Escrow! 1961 Kokanee– 4 bedroom, 3 bath, 2 car garage, 2755 square foot foreclosure in the Tahoe Keys area offered at $758,500.
483 Lido– 3 bedroom, 2.5 bath, 2 car garage, 2270 square foot REO in the Tahoe Keys offered at $775,200.
In Escrow! 2500 Clipper St.- 3 bedroom, 2.5 bath, 2832 square foot bank owned listing in Montgomery Estates offered at $369,900.
In Escrow! 2677 Genoa Ave– 1 bedroom, 1 bath, 749 square foot cabin offered at $117,500.
In Escrow! 1038 Cheyenne Dr.- 3 bedroom, 2 bath, 1202 square foot bank owned property offered at $189,900.
In Escrow! 1226 Reno– 2 bedroom, 1 bath, 972 square foot REO offered at $109,900.
In Escrow! 1685 Venice Drive– 3 bedroom, 3 bath, 2 car garage, 1905 square foot foreclosure in the Tahoe Keys offered at $531,300.
1247 Tata Ln.-3 bedroom, 2 bath, 110o square foot home offered at $189,900.
3107 Easy Street– 3 bedroom, 2 bath, 12oo square foot home offered at $197,950.
643 Grizzly Mountain– 2 bedroom, 1 bath, North Upper Truckee home offered at $184,900.
1254 Margaret– Newer 4 bedroom, 2.5 bath, 2 car garage, 1960 square foot home offered at $319,900.
In Escrow! 799 Tata Ln– 3 bedroom, 2 bath, 1260 square foot foreclosure in the Gardner Mountain area offered at $189,000.
In Escrow! 690 Sand Harbor– 3 bedroom, 2 bath, 1452 square foot foreclosure offered at $205,000.
1977 Washoe St.- 3 bedroom, 1.75 Bath, 1292 square foot bank owned listing in Meyers offered at $194,900.
3682 Alder– 2 bedroom, 1 bath, 572 square foot cabin offered at $119,900.
3463 Anne– 3 bedroom, 3 bathroom, 2 car garage, 1995 square foot foreclosure offered at $249,900.
In Escrow! 1113 Dedi- 3 bedroom, 1.75 bath, 1612 square foot foreclosure in the Y area offered at $144,900.
3773 Larch Ave– Triplex with a one car garage. One unit is a 4 bedroom 1 bath. This 3376 square foot triplex is offered at $194,900.
2009 Washoe St.- 3 bedroom, 2 bath, 2 car garage newer 2334 square foot home in Meyers offered at $349,809.
2505 Chris Ave.- 2 bedroom, 1 bath, 864 square foot foreclosure in the Sierra Tract offered at $165,000.
In Escrow! 3309 Woodland– 3 bedroom, 2.25 bath, 1919 square foot REO offered at $269,000.
1113 Dedi Ave– 3 bedroom, 1.75 bath, 1612 square foot foreclosure offered at $144,900.
728 Glorene Ave– Two cabins on one lot. One is 846 square feet and the other is 1394 square feet offered at $229,500.
In Escrow! 1184 Acoma– 3 bedroom, 2 bath, 2 car garage, 2407 square foot, newer home on a big lot offered at $453,900.
In Escrow! 7094 7th Street– 3 bedroom, 1.75 bath, 1166 square foot home in Tahoma on the West Shore of Lake Tahoe offered at $243,400.
311 Agatam Ave– 4 bedroom, 3.5 bath, newer 3488 square foot home in Tahoe Vista offered at $745,646.
In Escrow! 3535 Lake Tahoe Blvd #495– 2 bedroom, 1.5 bath, 1447 square foot condo in Lakeland Village offered at $279,900.
In Escrow! 2689 Kubel Ave.- 792 square foot, 2 bedroom, 1 bath bank owned listing in the Sierra Tract area offered at $141,000.
2616 Kubel Ave.- 1363 square foot, 3 bathroom, 2 bath, 1 car garage home offered at $177,500.
In Escrow! 2328 Wagon Train Trail– 3528 square foot, 5 bedroom, 3.5 bath newer foreclosure in Montgomery Estates offered at $625,000.
In Escrow! 1512 Murietta Dr1ve– 1530 square foot, 4 bedroom, 2 bath home offered at $234,900.
In Escrow! 1532 Walkup Road– 1260 square foot, 3 bedroom, 2 bath foreclosure offered at $189,900.
1285 Pyramid- Vacant lot in the Angora Fire area. This is a 14,832 square foot lot offered at $99,900.
In Escrow! 2581 Fountain– 3008 square foot newer, 3 bedroom, 2.5 bath home in the Sierra Tract offered at $414,900.
In Escrow! 313 Tramway Drive– 880 square foot, 2 bedroom, 2 bath condo on the Nevada side with great lakeviews offered at $190,000.
In Escrow! 863 Los Angeles– 1218 square foot, 3 bedroom, 2 bathroom fixer upper in Al Tahoe offered at $139,000.
In Escrow! 1154 Margaret– 578 square foot, 2 bedroom, 1 bath foreclosure offered at $99,900.
In Escrow! 2654 Armstrong Ave. 864 square foot, 2 bedroom, 1 bath cabin in the Sierra Tract offered at $108,000
In Escrow! 2695 Elwood Ave.- 960 square foot, 1 bedroom, 1.5 bath home in the Sierra Tract offered at $162,900.
In Escrow! 806 San Francisco Ave.- 1680 square foot, 4 bedroom, 2 bath home in Al Tahoe offered at $304,900.
729 Sand Harbor Rd.- 2961 square foot, 4 bedroom, 3 bath, 2 car garage newer home in the Gardner Mountain area offered at $512,900.
In Escrow! 1321 Acoma– 864 square foot, 2 bedroom, 1 batn, 1 car garage foreclosure in the county offered at $198,500.
In Escrow! 2692 Elwood– 912 square foot, 2 bedroom, 1 bath foreclosure in the Sierra Tract offered at $164,000.
1105 Charles– 1215 square foot, 3 bedroom, 2 bath, bank owned property in the Sierra Tract offered at $199,000.
1897 Delta St.- 1050 square foot, 3 bedroom, 2 bath home in the Y area offered at $122,500.
844 Muskwaki Drive-4475 square foot, 5 bedroom, 3.5 bath, 2 car garage newer foreclosure offered at $729,200.
2621 Elwood Ave– 971 square foot duplex in the Sierra Tract offered at $139,900.
3371 Lake Tahoe Blvd. #6-C– Quarter Share of a 3327 square foot, 4 bedroom, 4 bathroom condo offered at $419,990.
In Escrow! 1961 Kokanee Way- 2755 square foot, 4 bedroom, 3 bath, 2 car garage foreclosure in the Tahoe Keys offered at $777,900.
1098 Tata Lane– 2645 square foot, 5 bedroom, 3 bath, 2 car garage bank owned property offered at $404,500.
In Escrow! 1811 Arrowhead-1560 square foot, 3 bedroom, 2.5 bath REO in Meyers offered at $318,500.
1030 Carson– 1348 square foot, 3 bedroom, 2 bath, bank owned property in the Sierra Tract offered at $221,901.
In Escrow! 3221 Marlette Circle– 1838 square foot foreclolsure in Bijou offered at $199,900.
In Escrow! 1769 Shady Lane– 1443 square foot, 3 bedroom, 2 bath foreclosure in Gardner Mountain offered at $244,900.
In Escrow! 1297 Angora Lake Rd– 840 square foot, 1 bedroom, 1 bathroom, un-finished remodel offered at $125,900.
In Escrow! 1041 River– 810 square foot, 3 bedroom, 1 bath foreclosure in the Sierra Tract offered at $129,900
In Escrow! 1032 Carson– 999 square foot, 2 bedroom, 1 bath foreclosure in the Sierra Tract offered at $144,900
In Escrow! 1046 River Dr– 3060 square foot Tri-plex on the meadow offered at $324,900
1055 Cellador– 1750 square foot tri-plex offered at $180,900
In Escrow! 3535 Lake Tahoe Blvd– 1 bedroom, 1 bathroom condo in Lakeland Village offered at $172,000
In Escrow! 489 Tahoe Keys Blvd– 2 bedroom, 1.5 bath, 1 car garage, 1014 square foot condo in the Tahoe Keys offered at $299,900
In Escrow! 477 Lido– 4 bedroom, 2 bath, 2 car garage, 2755 square foot foreclosure in the Tahoe Keys offered at $599,900
3682 Alder Ave– 2 bedroom, 1 bath, 572 sq. foot bank owned cabin offered for $149,900.
In Escrow! 3235 Marlette Cir- 4 bedroom, 2.5 bath, 2 car garage, 1711 square foot home offered at $248,900
In Escrow! 884 Kekin St– 3 bedroom, 2 bath, 1728 square foot remodeled home with a carport offered at $269,900
In Escrow! 796 Clement– 4 bedroom, 2 bath, 2 car garage, 1800 square foot foreclosure in the Gardner Mountain area offered at $233,000.
In Escrow! 1840 Shady Ln– 4 bedroom, 2 bath, 1 car garage, 1581 square foot home offered at $274,900
In Escrow! 1137 Keller Rd- 2 bedroom, 1 bath, 816 square foot foreclosure cabin near Heavenly Valley Ski Resort offered at $175,000
In Escrow! 2754 Springwood– 3 bedroom, 2 bath, 2 car garage, 1974 square foot home in Highland Woods offered at $319,900
In Escrow! 1805 Arrowhead- 2 bedroom, 1 bath, 1 car garage, 864 square foot foreclosure in Meyers offered at $174,900
In Escrow! 967 Kiowa Dr – 2 bedroom, 1 bath, 912 square foot bank owned cabin off of North Upper Truckee offered at $149,625
In Escrow! 2019 Garmish Ct– 4 bedroom, 2.5 bath, 2 car garage, 2584 square foot foreclosure in the Tahoe Keys offered at $610,000

New Foreclosure Listing in Lakeland Village

August 3, 2010 by bjohnson Leave a Comment

3535 Lake Tahoe Blvd. #229 in Lakeland Village

Offered at $198,000!

Do not miss out on this great opportunity to purchase a bank owned foreclosure in Lakeland Village! This one bedroom, one bathroom, 607 square foot suite has been remodeled and needs only appliances to be the perfect Lake Tahoe getaway. Some of the great features of this property include granite countertops, newer wood cabinets, and custom tile. Lakeland Village offers a private beach, pool, hot tub, tennis courts, a pier and much more!

607 square feet
1 bedroom and 1 bathroom
Pool
Spa
Private Beach
Tennis Courts
Pier
On site maintenance and property management

For more information about this U.S. Bank owned listing, please call South Lake Tahoe real estate agent Brent Johnson today! This property is being sold in As Is Condition, U.S. Bank is making no representations or warranties.

Great Cabin Listing in Historic Al Tahoe!

July 16, 2010 by bjohnson Leave a Comment

940 Star Lake Ave.

Offered at $289,000!

: 940 Star Lake Ave.

Just Listed on the South Lake Tahoe MLS!!!

Do not miss out on this great opportunity to purchase a cabin in the Historic Area of Al Tahoe! Priced to sell, this well maintained mountain cabin is nestled on a large 10,805 square foot corner lot. Located within walking distance to lake, meadow, and community activities, this would make a fantastic vacation home. Owned by only one family, this home has been very well kept and is sold fully furnished. The possibilities are endless with 2600 square feet of additional TRPA verified coverage.

Click Here to see the virtual tours!!!

3 bedrooms and 2 bathrooms
10,805 square foot lot
1136 square foot cabin
2600 square feet of additional coverage
Newer roof
Large patio with a built in barbeque great for outside entertaining
fantastic location close to the lake and bike trail
Priced to sell!!!

To make an appointment to see this cabin listing in South Lake Tahoe, please call California and Nevada real estate agent Brent Johnson today!

Lake Tahoe Real Estate Statistics for June 2010

July 9, 2010 by bjohnson Leave a Comment

June was a great month for Real Estate in South Lake Tahoe. There were 53 single family homes that closed escrow in June, more than any other month so far this year. The increase in the number of home sales was partially driven by the expiration of the first time home buyer tax credit which expired on June 30. Another factor was that there were a lot of short sales that had been in escrow for a long period of time that ended up closing in June. Almost half of the homes sold last month were distress sales. There were 14 bank owned foreclosures and 12 short sales that were sold. That is a substantial increase from May when 9 foreclosures and 7 short sales were sold.

South Lake Tahoe Real Estate Statistics for June 2010

There were 53 single family homes in South Lake Tahoe that sold in June, up from 42 sales in May.
26 of the sold homes were distress sales (14 foreclosures and 12 short sales).
The median sales price of the sold homes was $319,000, down from $322,000 in May.
The average sales price of the sold homes was $416,292, down from $462,367 in May. The average sales price in May drops down to $387,667 if the $3,525,000 lakefront Tahoe Keys home is removed from the average.
The average days on the market was 179 and the median days on the market was 114.
The average price per square foot was $209, down from $216 in May.

Prices for single family homes actually went up in June 2010 compared to June 2009. The median sales price was up 6% from $300,000 in 2009. The average sales price was up was up 17% from $346,317 in 2009. And the number of single family home sales was up 23% from 41 in 2009. The number of distress sales was up in 2010 as well. There were 26 distress sales in June 2010 compared to 16 in June 2009.

Distress sales continue to bring down the average and median sale prices of the homes sold in Tahoe. The foreclosures in South Lake Tahoe that sold in June had a very low average price per square foot of $157. The median sales price of the foreclosures was only $198,000, the average sales price was $255,107. The low prices of the foreclosures are reflective of the condition of the properties. Many of the foreclosures sold in June were in need of repairs. The distress sales will continue to drive down the median and average sales prices as long as they are around.

Currently there are 512 single family homes listed on the South Lake Tahoe MLS, 70 of those homes are in escrow. There are 33 bank owned foreclosures for sale in South Lake Tahoe, 9 are in escrow. There are 77 short sales listed on the MLS and 35 of them are in escrow.

Fannie Mae Issues New Appraiser Guidelines

July 7, 2010 by bjohnson Leave a Comment

Fannie Mae has set new guidelines for choosing appraisers and comparable properties that appraisers uses. This should bring some much needed relief from The Home Valuation Code of Conduct. In order to comply with the HVCC, many lenders were using appraisal management companies to hire appraisers. Many of the appraisals that were hired out by appraisal management companies were falling short of the contracted sales price. The appraisal management companies often employ appraisers with little experience in the markets in which they are asked to provide valuations. These new guidelines should insure that a qualified appraiser will be doing the report using the correct comparable properties.

Fannie May has given notice to lenders that they can now only use appraisers who have the ability to access records on recent sales, and are knowledgeable about the area in which they are appraising properties in. If issues arise with the original appraisal, lenders can order a review or a new appraisal from another appraiser.

Fannie Mae has also set guidelines for choosing comparable sales. If an appraiser uses a short sale or a foreclosure as a comp, they will be required to identify and consider the condition of the home and weather any stigma has been associated with it. Appraisers will still be required to use at least three comparable sales, and can use more than three.

Hopefully the new guidelines set by Fannie Mae will ensure that more transactions appraise at the contracted sales price and end up closing escrow!

New Listing in South Lake Tahoe

June 29, 2010 by bjohnson Leave a Comment

Just Listed on the South Lake Tahoe MLS!

1476 Glenwood Way

Completely remodeled home with an open floor plan perfect for entertaining! Recent upgrades include granite countertops, kitchen cabinets, tile bathrooms, laminate flooring, new carpet, and new interior paint. Located close to Heavenly Ski Resort, the Casino’s, and The lake, this would make a great vacation home or primary residence. This house comes furnished per inventory list including a hot tub! Make sure to take a look at the virtual tours as well!

1406 Square Feet
3 Bedrooms, 2 Bathrooms, and a 2 Car Garage
New Double Pane Vinyl Windows
Recently Remodeled
Fully Furnished including a Hot Tub!
Single Level Living
Much More!!!

Make sure to take a look at the Virtual Tour of my new listing which was entered on the South Lake Tahoe MLS on 6/28/10. For more information or to set up an appointment to see 1476 Glenwood call South Lake Tahoe Real Estate Agent Brent Johnson today!

Tahoe Keys Waterfront Just Reduced!

June 8, 2010 by bjohnson 1 Comment

2213 Texas Ave.

Just Reduced!!!

Ofered at $439,000

South Lake Tahoe Real Estate agents Brent and Jill Johnson have just listed one of the least expensive waterfront properties in South Lake Tahoe! This waterfront home is located in the Tahoe Keys and has expansive waterfront views and amazing sunsets! You will be impressed with this recently remodeled Tahoe Keys home that overlooks Lake Tallac. The 2007 remodel included new kitchen with hickory cabinets, quartz slab counter tops, stainless steel appliances, and distressed hickory hardwood flooring. The windows have been replaced with new double pane vinyl frame windows and the roof was replaced about 7 years ago. The second level of this upstairs living house is wheel chair accessible by a ramp that connects to the upper back deck.

click on this link to see the virtual tour of this remodeled house for sale in the Tahoe Keys!

3 bedrooms, 2 bath, 2 car garage
1440 square feet
6753 square foot lot
recently remodeled including new front siding and a new roof!
Great Tahoe Keys HOA amenities including indoor and outdoor pools, spa, beach, pier, boat launch, marina, park, tennis, basketball, volleyball, and security

For more information about this great house in the Tahoe Keys area please give South Lake Tahoe real estate agent Brent Johnson a call today!

May South Tahoe Real Estate Stats

June 1, 2010 by bjohnson Leave a Comment

May was a much better month for the South Lake Tahoe real estate market than it was for the stock market! There were 42 single family homes that closed escrow in South Tahoe during the month in May 2010. This is a significant increase from the 27 homes that closed escrow in May 2009. The stock market did not fair nearly as well!

Distress sales were once again on the decline. Distress sales only accounted for 38% (16) of the sales in May, down from 48% in April, and down from 58% in March. Foreclosures accounted for only 9 of the closed sold homes, short sales accounted for the other 7.

May South Tahoe Real Estate Statistics

There were 42 single family homes reported as sold on the South Lake Tahoe mls in the month of May. This is up from 27 in May 2009 and down from 46 in April 2010.
The average price of the homes sold was $462,367 (The average drops to$387,669 if I take out the lakefront Keys sale for $3,525,000) The average sales price was $386,177 in April and $355,633 in May 2009.
The median sales price of the homes sold in May was $322,000. This is down from $329,163 in April and up from $315,000 in May 2009.
The average price per square foot was $216. The average price per square foot was $211 in April and $222 in May 2009.
The average days on the market was 145, down from 158 in April and down from 147 in May 2009.
The median days on the market was 99, down from 112 in April and down from 137 in May 2009.

The distress sales that sold in May had a very low price per square foot compared to the non-distress sales. The foreclosures that sold had an average price per square foot of $165 and the short sales had an average price per square foot of $170. The price per square foot for the non-distress sales was $245.

Here are some other interesting statistics for the distress sales sold in May:

Including the escrow period, the foreclosures had an average days on the market of 66. The sold short sales averaged 286 days!
The foreclosures had a median days on the market of 76 days including the escrow period. The sold short sales had a median days on the market of 204!
The average sales price of the foreclosures was $257,156. The average sales price was $479,857 for the short sales.
The median price of the sold foreclosures was $229,900. The median sales price was $525,000 for the short sales.

There were only two lots in South Lake Tahoe that sold in May. Both lots that sold were in the North Upper Truckee area. One was a lot in the burn area that sold for $145,000 and one was a 10,511 square foot lot that sold for $95,000.

There was one condo that sold in May. This was a 2 bedroom 1.5 bath unit in the Tahoe Keys that sold for $290,000.

There was also only one multi family unit that sold in May. This was a property that had 2 houses on one lot in the Tahoe Island Drive area. These homes sold for $240,500.

The most active area of the South Lake Tahoe real estate market continues to be the single family homes. It is great to see that the percentage of short sale and foreclosure sales has continued to decline for the third consecutive month. The percentage of distress sale closings has gone down to 38% from 65% in February. This is another sign of stabilization in the housing market. I hope that it continues!

South Lake Tahoe Real Estate Statistics

May 22, 2010 by bjohnson Leave a Comment

Here are the current South Lake Tahoe real estate statistics from the South Lake Tahoe MLS.

The following statistics are for residential (single family, condo, and town houses) located in the City and County areas of South Lake Tahoe:

Total listings: 520

Active listings: 408

In Escrow: 112

Of the 112 single family homes that are in escrow 52 are short sales and 15 are bank owned foreclosures.

The 112 escrows represent 21.5% of the total inventory in escrow.

Breakdown by price range of the 112 escrows

Under $200,000-18 escrows
$200,001 to $300,000-36 escrows
$300,001 to $400,000-25 escrows
$400,001 to $500,000-5 escrows
$500,001 to $600,000-10 escrows
$600,001 to $700,000-2 escrows
$700,001 to $800,000-9 escrows
$800,001 to $999,999-4 escrows
Over $1,000,000- 3 escrows

There have been a total of 198 single family properties sold so far this year in South Lake Tahoe. Bank owned foreclosures have accounted for 35.7% (71) of the sales, and short sales have accounted for 16.2% (32). The total percentage of distress sales (short sales and foreclosures) sold so far this year is 52%. That means that over half of the single family sales in South Lake Tahoe have been distress sales.

Single family sold statistics from the South Lake Tahoe mls:

Average price per square foot:

$241 for non distress sales
$207 for short sales
$172 for foreclosures

Median sales price:

$313,750 for all single family sales
$326,250 for short sales
$235,000 for foreclosures

Median days on the market

107 days for all single family sales
229 days for short sales
74 for foreclosures

Below is a graph of the median sales price for South Lake Tahoe for the last year from Trulia.com , which is also great source for local real estate statistics. I love Trulia for statistics, but I would not use it for searching for properties.

South Lake Tahoe median sales prices

I hope that you have found these most recent South Lake Tahoe Real Estate Statistics helpful. For more information regarding the South Lake Tahoe real estate market, please call Brent Johnson today!

Lake Tahoe Real Estate Blog

July Real Estate in South Lake Tahoe

July South Lake Tahoe Real Estate Statistics

Statistics for the South Lake Tahoe Homes that sold in June

South Lake Tahoe Foreclosures For Sale

Updated on 3/25/11

New Foreclosure Listing in Lakeland Village

3535 Lake Tahoe Blvd. #229 in Lakeland Village

Great Cabin Listing in Historic Al Tahoe!

Lake Tahoe Real Estate Statistics for June 2010

Fannie Mae Issues New Appraiser Guidelines

New Listing in South Lake Tahoe

Tahoe Keys Waterfront Just Reduced!

May South Tahoe Real Estate Stats

South Lake Tahoe Real Estate Statistics

Brent Johnson Group

johnsonstahoerealestate

Lake Tahoe Real Estate Blog

July South Lake Tahoe Real Estate Statistics

Statistics for the South Lake Tahoe Homes that sold in June

Updated on 3/25/11

3535 Lake Tahoe Blvd. #229 in Lakeland Village

johnsonstahoerealestate

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