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Lake Tahoe Real Estate Blog

Tahoe Keys Real Estate Year to Date Sold Statistics

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 Residential
           2- Bedrooms          3 Bedrooms          4 Bedrooms          5+ Bedrooms          All Bedrooms  
       Active
    #Units 0 0 0 0 0  
    Average List Price $0 $0 $0 $0 $0  
    Average Market Time 0 0 0 0 0  
    Average Square Feet 0 0 0 0 0  
 
       All Off Market
    #Units 1 18 12 0 31  
 
       Pending
    #Units 0 0 0 0 0  
    Average List Price $0 $0 $0 $0 $0  
    Average Market Time 0 0 0 0 0  
    Average Square Feet 0 0 0 0 0  
 
       Sold
    #Units 1 18 12 0 31  
    Dollar Value $998,000 $15,691,000 $11,467,720 $0 $28,156,720  
    Average List Price $1,088,000 $925,275 $1,047,492 $0 $977,834  
    Average Sold Price $998,000 $871,722 $955,643 $0 $908,281  
    Average Market Time 103 176 222 0 192  
    Average Square Feet 2134 2145 2463 0 2268  
    % of List Price 91.73 94.21 91.23 0.00 92.89  
 
       Not Pending or Sold
    #Units 0 0 0 0 0  
    Average List Price $0 $0 $0 $0 $0  
    Average Square Feet 0 0 0 0 0  

Listings per Status
 
 Minimum, Average, Maximum
 
 Days On Market Analysis
 
 Listing Price\Selling Price

South Tahoe Homes Statistics Sold in October

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 Residential
           2- Bedrooms          3 Bedrooms          4 Bedrooms          5+ Bedrooms          All Bedrooms  
       Active
    #Units 0 0 0 0 0  
    Average List Price $0 $0 $0 $0 $0  
    Average Market Time 0 0 0 0 0  
    Average Square Feet 0 0 0 0 0  
 
       All Off Market
    #Units 11 30 8 2 51  
 
       Pending
    #Units 0 0 0 0 0  
    Average List Price $0 $0 $0 $0 $0  
    Average Market Time 0 0 0 0 0  
    Average Square Feet 0 0 0 0 0  
 
       Sold
    #Units 11 30 8 2 51  
    Dollar Value $2,875,040 $14,877,500 $5,644,500 $1,921,529 $25,318,569  
    Average List Price $275,464 $518,352 $736,800 $1,270,000 $529,707  
    Average Sold Price $261,367 $495,917 $705,563 $960,765 $496,443  
    Average Market Time 148 126 167 464 150  
    Average Square Feet 1019 1793 2599 3512 1820  
    % of List Price 94.88 95.67 95.76 75.65 93.72  
 
       Not Pending or Sold
    #Units 0 0 0 0 0  
    Average List Price $0 $0 $0 $0 $0  
    Average Square Feet 0 0 0 0 0  

 
 Listings per Status
 
 Minimum, Average, Maximum
 
 Days On Market Analysis
 
 Listing Price\Selling Price

South Lake Tahoe MLS Listing-3690 Primrose Road

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3690 Primrose Road

Extensive remodel just completed on this 7 unit apartment building. There are 5 two bedroom one bath units, 1 three bedroom two bath unit, and 1 one bedroom one bath unit. This building is in a great Stateline location, and is 100% occupied.

Recent work includes

  • Brand new comp roof
  • new appliances throughout
  • new paint inside and out
  • new carpet and vinyl throughout
  • new tile
  • much more!
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Click here to search all South Lake Tahoe Real Estate

South Lake Tahoe Real Estate Testimonials

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Hi Brent:

It’s hard to put our gratitude in words but Mike and I wanted to say thanks for all your time and effort with buying our house.  We worked with a few real estate agents over the past year and did not get the same results.

You listened to our requests so the listings that you sent us were within our price range and fit the requirements we were looking for. While touring the homes, your advice on house quality and design were greatly appreciated.   It really makes a difference working with an individual that is familiar with building houses, the real estate process as well as the Tahoe market.

Needless to say, we genuinely thank you for being flexible and answering all of our questions. We love the house and would highly recommend you to anyone looking to buy or sell a home!

Thanks again!

Carleen

Brent and Jill Johnson are very knowledgeable and professional. They were able to sell our vacation rental in Lake Tahoe for the price  we were asking. Brent was then able to find us a bigger new house that we were able to 1031 exchange into. We recommend Brent and Jill Johnson to all of our freinds!

Mike and Diane McClymond

 

Working with Chase International – and Brent Johnson in particular – has been a real pleasure.  Brent truly lives by his motto, “We’re here to make all of your transactions as smooth and easy as possible.”  Brent is eager, helpful, and willing to do whatever is needed.  I have no hesitation recommending him to anyone looking to buy or sell property in the Tahoe area.  When we sell our next house, we won’t consider anyone but Brent.

Geoff Beasley

“As a first time home buyer I was very inexperienced in the details, follow up and continual negotiations involved in buying a home.  Further, in a place like Lake Tahoe where there are many realtors to choose from, I fortunately had the luck and pleasure of working with Brent and Jill Johnson.  This team not only was available at my convenience to view listings, but also truthful and ethical in helping me make a decision to buy my first home. The process was seamless, the negotiations and follow up prompt, and the personal relations delightful. As a Tahoe local I would recommend the Johnsons to any of my friends or family who need help buying or selling a home.”

-Cynthia Mullikin MPAS, PA-C                                                                                                                                                   

   South Lake Tahoe, CA

“The customer service provided by Brent Johnson and Chase International was beyond the call of duty. Purchasing our first vacation home, Brent not only called us everyday, but he did a lot of work for us that we were not able to do ourselves because we live some three hours away! We met out of the blue while on vacation in South Lake Tahoe and he drove us around all day answering questions and showing us every home available in our price range. No pressure or hassles, but genuine customer service. I would recommend Brent Johnson to my family and friends because of his character, integrity, and honesty”

Matt and Denise Gallegos

South Lake Tahoe MLS Listing-1399 Bozeman Drive

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1399 Bozeman Drive

 

   Offered at $329,000!

View more pictures and details

 Virtual Tour 

 

  • Hardwood laminate floors throughout
  • Single story 3/2/2
  • BMP Certificate!
  • Newer kitchen cabinets
  • Great location near Heavenly Valley

This clean 1152 square foot single story home is one of the lease expensive 3 bedroom, 2 bath, 2 car garage homes in South Lake Tahoe! Centrally located in Pioneer Village, this would make a great vacation or primary residence. This house is ready to be moved into, or you could add your creative touches and upgrade this home to be your perfect Tahoe getaway!

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                                             View all  South Lake Tahoe Listings

South Lake Tahoe MLS

South Lake Tahoe MLS Listing-2323 Utah Ave.

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2323 Utah Ave.

                                              

Offered at $699,000

More Pictures and Information

  • Hickory Hardwood Floors
  • Stainless Steel Appliances
  • Granite Slab Counter tops
  • Custom Knotty Alder Woodwork Throughout
  • Two Fireplaces
  • Fire Sprinklers
  • Much More!

The attention to detail is noticed the second you walk through the front door of this two year new home! This 3 bedroom, 2.5 bath, 2 car garage  2300 square foot home has a large office that may be used as a fourth bedroom.  The bright and open floor plan is great for entertaining, and would make a great vacation home. Centrally located in Tahoe Island Park, this home is close to the Lake, Skiing, and all that Lake Tahoe has to offer!

 View all Houses in South Lake Tahoe

South Lake Tahoe Real Estate Review for October

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October has historically been a busy month for Real Estate in South Lake Tahoe. Even with the troubled financial and lending markets, this October was a solid one.

According to the South Lake Tahoe MLS, October home sales were up 60% from September. There were 45 closed single family homes in October compared to 27 in September.

The Statistics for the October single family home sales are as follows:

  • October Minimum sales price          $207,000       September minimum  $215,000
  • October Average sales price            $530,848       September average     $475,336
  • October Median sales price             $475,000       September median      $435,000
  • October Maximum sales price         $2,150,000    September maximum $998,000

Out of the 45 sold homes in October 9 were bank owned foreclosures. Foreclosures in South Lake Tahoe are getting a lot of attention. Buyers are looking for good deals, and the foreclosures are priced to sell. There were multiple offers on many of the foreclosures that sold, and two of them sold for well over the asking price. 2188 Pinewood listing price was $435,000 and sold for $502,000. 3549 Morton listing price was $435,000 and sold for $503,000!

October single family pending sales slipped a bit from 51 in September to 32 in October bringing the pending sales total to 59 according to the MLS. Out of the 32 new pendings, 8 are bank owned foreclosures and 6 are short sales.

Activity on Condos in South Lake Tahoe was about the same in October as it was in September with 4 sold condos and 4 new pendings.

Land activity is still on the quiet side with 4 sold lots and 3 new pendings. 

With election day this Tuesday, and the stock market quieting down (at least for now!) it will be interesting to see what happens with Real Estate Activity in the next couple of months!  Keep visiting my Blog to stay up to date!

Lot For Sale in South Lake Tahoe, 1830 Grizzly Mountain

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1830 Grizzly Mountain Drive

$179,000

Outstanding county location with conservancy lots on 3 sides! This lot includes plans for a 3,000 square foot custom home. Great sun exposure will keep your driveway clear of ice in the winter! This would make the perfect lot to build your dream home in South Lake Tahoe!

  • 10,080 Square feet
  • 2,822 Square feet of coverage
  • Conservancy lots on 3 sides
  • Plans and survey included
  • Owner will carry!

 
Jill Johnson | Chase International South Tahoe Realty | 530-416-2626
1830 Grizzly Mountain, South Lake Tahoe, CA
Great Mountain Views!
10,080 sqft Vacant Land
  
offered at $179,000
Lot Size 10,080 sqft
DESCRIPTION
Plenty of sun and great mountain views come with this large vacant lot. There are conservancy lots to the right, behind, and to the back, giving this parcel a very open setting. Plans and permits are included for a 2700 square foot four bedroom, three bath, two car garage home.
 
see additional photos below
LOCATION FEATURES
Beautiful Sunny Location!
OTHER SPECIAL FEATURES
Plans and Permits Included
ADDITIONAL PHOTOS
 
Seller contact info:
Jill Johnson
Chase International South Tahoe Realty
530-416-2626
For sale by agent/broker
powered by postlets Equal Opportunity Housing
Posted: Feb 3, 2009, 12:53pm PST

This lot listing is provided by Brent and Jill Johnson. For more information about this lot, or other lots for sale in South Lake Tahoe, lots or houses on the South Lake Tahoe MLS, or South Lake Tahoe Real Estate, please contact Brent and Jill Johnson today!

 

 

 

South Lake Tahoe Foreclosure Listings

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According to the California Association of Realtors, Foreclosures decreased statewide by 12.4% and notices of default decreased 61.8% in September, which some attribute to the state law that went into effect last month requiring lenders to work with borrowers who are struggling with mortgage payments.

South Lake Tahoe has seen very few foreclosures compared to the rest of California, and with the new state law, there will  be even fewer in the future.

Here are the most recent foreclosure listings in South Lake Tahoe. For the complete South Lake Tahoe MLS listing information just click on the address.

1035 Herbert Ave.

herbert.jpg

Listing Price $279,000

1394 sq. foot 4 Bedroom, 2 Bathroom, 1 Car Garage

Located near Heavenly Valley and the Lake

1210 Huph St.

huph.jpg

Listing Price $528,000

2244 sq. foot 4 Bedroom, 2.5 Bath, 2 Car Garage

Located off of Pioneer Trail

1200 Stocton St.

stocton.jpg

Listing Price $237,500

1160 sq. foot 3 bedroom, 1 Bathroom

Located in the convenient Sierra Tract

973 Tata Ln.

tata.jpg

Listing Price $240,000

1200 sq. foot 2 Bedroom, 1.5 Bathroom

Located in the convenient Y area

I have had such a great response with my foreclosure blogs that I will continue posting new South Lake Tahoe foreclosures as they come on the market!

South Lake Tahoe Real Estate Pending Sales are Up!

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According to the National Association of Realtors, pending home sales activity surged as buyers took advantage of low prices and affordable interest rates.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in August, jumped 7.4% to 93.4 from 87. in July, and 8.8% higher than August 2007 when it was 85.5. The index is at its highest level since June 2007 when it was 101.4.

The Pending Home Sales Index was stronger in the west, and surged 18.4%, and is 37.8% higher than a year ago.  California, Nevada, and Arizona saw buyers taking advantage of lower home prices and interest rates leading the west to the highest percentage PHSI gain.

According to the NAR, Existing-home sales are projected to rise next year.  Existing home sales are projected at 5.04 million this year and 5.41 million in 2009. Prices are projected to increase 2 to 3 percent next year.

The 30-year fixed rate mortgage will probably average around 6.1 percent in the forth quarter and rise gradually to 6.6% by the end of 2009.

Freddie Mac reports a drop in the 30-year mortgage rate to 5.91% during the week ended Oct. 9th, marking the first decrease in three weeks.

For those South Lake Tahoe Real Estate bargain hunters, now may be the time to buy. Prices are expected to increase, sales are expected to increase, and mortgage rates are also expected to increase. This means that there will be less selection of houses to choose from, and more buyer competition.

The challenge will be finding qualified buyers who will be able to obtain loans in this tough lending environment!