Menu
Menu
You are here: Home / Archives for Tahoe Keys Real Estate

Tahoe Keys Real Estate

Tahoe Keys Waterfront Just Reduced!

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
Tahoe Keys Real Estate photo
Tahoe Keys Real Estate photo
Tahoe Keys Real Estate photo
Tahoe Keys Real Estate photo
Tahoe Keys Real Estate photo
Tahoe Keys Real Estate photo
Tahoe Keys Real Estate photo
Tahoe Keys Real Estate photo
Tahoe Keys Real Estate photo
Tahoe Keys Real Estate photo
Tahoe Keys Real Estate photo
Tahoe Keys Real Estate photo

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!

March South Lake Tahoe Real Estate Review

Single family home sales in South Lake Tahoe jumped from 23 sales in February to 40 home sales in March. Distress sales accounted for 23 of the 40 homes sold. There were 16 bank owned foreclosures and 7 short sales that closed escrow in March. The total inventory of homes on the South Lake Tahoe MLS remained stable with 412 single family listings. 302 of the listings are active and 110 are active pending. At the end of February there were 401 listings and 103 were in escrow. In the current inventory there are 110 short sale listings and 42 bank owned foreclosures. 87 of 110 short sales are in escrow and 21 of the 42 foreclosures are in escrow.

South Lake Tahoe MLS Statistics for March

  • 40 Single family homes in South Lake Tahoe sold in March, up from 23 in February 2010, and up from 28 in March 2010.
  • The average sales price for the homes in South Lake Tahoe that sold was $404,053, down from $405,461 in February, and down from $445,679 in March 2009.
  • The median sales price of the homes sold was $350,500, up from $312,500 in February, and down from $366,250 in March 2009.
  • The average sales price per square foot was $221, up from $213 in February, and down from $222 in March 2009
  • The average days on the market was 141, down from 176 in February.
  • The median days on the market was 111, down from 119 in February.
  • There were 16 bank owned foreclosures in South Lake Tahoe that sold, up from 11 in February, and up from 9 in March 2009.
  • There were 7 short sales that closed escrow, up from 4 in February, and up from 4 in March 2009.

Distress sales accounted for 58% of the single family houses sold in March. This is down from 65% in February. In March 2009 the percentage of distress sales was 46%.

The foreclosures in South Lake Tahoe that sold in March sold for a very low price per square foot of $190. This is much lower than the non-distress sale price per square foot which was $249. The median days on the market for the foreclosures was 88.

Although home prices in South Lake Tahoe have not started to increase, buyer activity has. Home buyers are finding great prices on homes throughout South Lake Tahoe. For more information regarding South Lake Tahoe real estate please call Brent Johnson today!

Tahoe Keys Real Estate

Tahoe Keys real estate  is the South Shores premier area for buyers looking for waterfront property. The Tahoe Keys is a 740 acre private marina community located on 11 miles of inland waterways that lead to the emerald waters of Lake Tahoe.  There are about 1250 homes and 350 condominiums located within the Tahoe Keys area. Most of the properties in the Tahoe Keys are waterfront properties that have private boat docks and easy access to boating on Lake Tahoe.

The Tahoe Keys offers some of the best mountain, meadow, and water views in Lake Tahoe. The utilities are underground and there is a building height code that keeps the views breathtaking and unobstructed.

 Homeowners in the Tahoe Keys have access to private amenities including tennis courts, an indoor and outdoor pool, spa, park, private beach, marina, and launch ramp The Tahoe Keys HOA also provides security, waterway maintenance, and has its own water company.  The Tahoe Keys Property Owners Association is the Tahoe Keys HOA.  HOA fees are $1919 annually for houses and from $1000 to $1400quarterly for condos depending on their location with-in the Tahoe Keys.

Single family home property values generally range from the $500,000′s to $3,ooo,ooo, but there have been a few foreclosures in the Tahoe Keys that have sold for under $400,000, and some luxury lakefront homes that have sold well over that range. Tahoe Keys condos range from $250,000 for a one bedroom, to over $1,000,000+ for a lakefront.

keys-1
keys-2
keys-3
keys-4
tahoe keys real estate

Tahoe Keys Real Estate Review for 2009

Real Estate in the Tahoe Keys was not immune to the decline in property values in 2009. The median sales price of single family homes dropped 17% from $847,500 in 2008 to $700,000 in 2009. One of the leading causes of the decline in the median sales price of the single family homes was the presence of bank owned foreclosures and short sales. There were 5 foreclosures and 7 short sales it the Tahoe Keys that closed escrow in 2009. Short sales and foreclosures accounted for 12 out of 32  (38%) of the sold single family homes in the Tahoe Keys. The number of homes sold in the Tahoe Keys was the same as in 2008, 32.

484 Carson Ct.
484 Carson Ct.

 

The decline in the sales prices was a great opportunity for home buyers looking for deals in the Tahoe Keys. 484 Carson Ct. is a great example. 484 Carson Ct. was a bank owned foreclosure in the Tahoe Keys that was listed for $792,900. This was a 3 bedroom, 3 bath, 2 car garage, 2136 square foot home built in 1993. This home had multiple offers and sold above asking price at $826,000. This is still an incredible price when you look at what the home last sold for, $1,345,000 on 8/19/05!

2009 Tahoe Keys Real Estate Statistics

  • 32 single family homes in the Tahoe Keys sold in 2009
  • 5 foreclosures in the Tahoe Keys sold in 2009
  • 7 short sales in the Tahoe Keys sold in 2009
  • The median sales price was $700,000
  • The average sales price was $920,192
  • The average price per square Foot was $336
  • The median days on the market was 157

The foreclosures in the Tahoe Keys sold for less money and less time on the market than the non-foreclosure properties. The bank owned foreclosures in the Tahoe Keys had an average sales price of $652,270, a median days on the market of 45, and an average price per square foot of $284. Keep in mind that most of the foreclosures in the Tahoe Keys that sold last year needed at least some minor repairs.

2008 Tahoe Keys Real Estate Statistics

  • 32 single family homes in the Tahoe Keys sold in 2008
  • The median sales price was $847,500
  • The average sales price was $900,366
  • The average price per square Foot was $388
  • The median days on the market was 115

2007 Tahoe Keys Real Estate Statistics

  • 37 single family homes in the Tahoe Keys sold in 2007
  • The median sales price was $960,000
  • The average sales price was $1,155,000
  • The average price per square Foot was $476
  • The median days on the market was 160

2006 Tahoe Keys Real Estate Statistics

  • 35 single family homes in the Tahoe Keys sold in 2006
  • The median sales price was $1,000,000
  • The average sales price was $1,009,352
  • The average price per square Foot was $455
  • The median days on the market was 118

2005 Tahoe Keys Real Estate Statistics

  • 49 single family homes in the Tahoe Keys sold in 2005
  • The median sales price was $1,130,000
  • The average sales price was $1,166,367
  • The average price per square Foot was $473
  • The median days on the market was 80

The median sales price of the Tahoe Keys Condos was down only 14% from 2008, but the number of condos sold was down significantly.There were only 6 Tahoe Keys condos sold in 2009, down from 11 in 2008. The sales volume was down from $4,647,950 in 2008 to $2,118,408 in 2009. Only one of the Tahoe Keys condos sold in 2009 was a bank owned foreclosure.

Tahoe Keys Condo Statistics for 2009

  • There were 6 condos in the Tahoe Keys that were sold
  • The median sales price was $373,750
  • The average sales price was $353,068
  • The median days on the market was 156
  • The average price per square foot was $279

Tahoe Keys Condo Statistics for 2008

  • There were 11 condos in the Tahoe Keys that were sold
  • The median sales price was $435,000
  • The average sales price was $422,541
  • The median days on the market was 97
  • The average price per square foot was $408

Tahoe Keys Condo Statistics for 2007

  • There were 11 condos in the Tahoe Keys that were sold
  • The median sales price was $590,000
  • The average sales price was $628,900
  • The median days on the market was 113
  • The average price per square foot was $477

Tahoe Keys Condo Statistics for 2006

  • There were 16 condos in the Tahoe Keys that were sold
  • The median sales price was $616,000
  • The average sales price was $652,148
  • The median days on the market was 100
  • The average price per square foot was $486

Tahoe Keys Condo Statistics for 2005

  • There were 16 condos in the Tahoe Keys that were sold
  • The median sales price was $559,500
  • The average sales price was $551,156
  • The median days on the market was 71
  • The average price per square foot was $450

For more information about Tahoe Keys Real Estate please contact Caifornia and Nevada South Lake Tahoe Real Estate agent Brent Johnson today!

Chase International Dominates the Lake Tahoe Real Estate Market

 Chase International continues to dominate the real estate market in South Lake Tahoe in volume and the number of closed escrows. Below is a letter from our office manager Larry Finkel with the year end Lake Tahoe closing statistics.

Dear All – Congratulations to you for continuing to make Chase the #1 office in STAOR in both closed escrow volume and closed sides.  We are also now the leader in closed escrow volume in Tahoe Keys – stats below.
Our  total closed escrow volume for the year end will be over $98 million dollars with 232 transaction sides closed.  These figures include both closings in STAOR and other closings.
As far as STAOR Stats:
A.  Total Company closings including NV area in STAOR: $132,327,500 ($91,943,800 STR (Chase International South Tahoe Realty)/$40,383,700 ZC (Chase International Zepher Cove)).
      27% market share.
      236 Closed Sides –  216 STR & 20 ZC.
      Nest nearest competitor: $54,030,307 and 143 sides.
B.  Total Company closings without NV area in STAOR: $102,171,200 ($86,712,500 STR/$15,458,700 ZC).
      23.3% market share.
      218 Closed sides –  207 STR & 11 ZC.
      Next nearest competitor:  $45,505,308  and 141 sides.
C.  Total Company Closings for just Residential Properties (SFR & CT) in the City/County areas of SLT:
      $86,381,300  ($79,822,600 STR & $6,558,700 ZC). 
      23.4% market share.
      185 sides (178 STR & 7 ZC).
      Next nearest competitor: $43,572,408 with 127 sides. 
D.  Tahoe Keys closed escrow volume: $25,235,900 ( $21,436,900 STR & $3,799,000 ZC)
      40.5% market share. 
      20 Sides closed.
      Next nearest competitor: $21,526,408 with 28 sides.
      OUR GOAL THIS YEAR IS TO BE ALSO THE LEADER IN CLOSED SIDES.
E.  Closings in STAOR over $1,500,000.  There were 14 sales in this price range representing 28 sides.      
      Out of 28 possible sides Chase participated in 20 of those sides – FANTASTIC!
F.  Out of the top 50 agents in closed escrow volume for 2009 Chase has 15 of the top 50 agents.
 
These stats are extremely impressive – people like to be with a successful company! 
 
Again congratulations to you all – you are an INCREDIBLE group of agents and I am very PROUD to be associated with you!
 
Regards,
Larry Finkel
For more information about why Chase International has dominated the Lake Tahoe Real Estate market please contact South Lake Tahoe real estate agent Brent Johnson today!

Tahoe Keys Real Estate Statistics

After a slow start to 2009, Tahoe Keys real estate activity is now showing signs of new life. There are now 17 single family houses in the Tahoe Keys that are in escrow according the South Lake Tahoe MLS.  Out of the 17 houses that are in escrow, 10 are distress sales. The distress sales that are in escrow consist of 2 bank owned foreclosures and 8 short sales. The bank owned foreclosures that are in escrow are 1886 Genevieve Ct, a 4 bedroom, 2.5 bath, 2 car garage, 1946 square foot home listed for $599,000 and 1971 Aloha, a 4 bedroom, 2.5 bath, 2 car garage, 2524 square foot home listed for $798,000.

There have been 20 houses in the Tahoe Keys that have sold so far in 2009. Distress sales have accounted for 8 of the sold Tahoe Keys homes. There were 5 short sales and 3 bank owned foreclosures that have been reported as sold on the South Lake Tahoe mls.

Tahoe Keys Real Estate Statistics for the Sold 2009 Homes

  • The average listing price for the sold Tahoe Keys homes was $992,692
  • The average selling price for the sold Tahoe Keys homes was $926,258
  • The median listing price for the sold Tahoe Keys homes was $759,900
  • The median selling price for the sold Tahoe Keys homes was $705,000
  • The average price per square foot for the sold Tahoe Keys homes was $323
  • There have been 5 sold short sales in the Tahoe Keys
  • There have been 3 sold foreclosures in the Tahoe Keys
  • The average days on the market was 199
  • The median days on the market was 164

 

 

The average sold price per square foot of $323 in the Tahoe Keys is down 17 % from 2008 when the average sold price per square foot was $388. The following statistics show how the average price per square foot for sold single family homes has come down in the Tahoe Keys.

  • In 2005 there were 49 houses sold and the average price per square foot was $473
  • In 2006 there were 35 houses sold and the average price per square foot was $475
  • In 2007 there were 37 houses sold and the average price per square foot was $476
  • In 2008 there were 32 houses sold and the average price per square foot was $388
  • In 2009 there have been 20 houses sold in the Tahoe Keys and the average price per square foot has been $323

With 46 houses for sale in the Tahoe Keys on the South Lake Tahoe mls, there is still a great selection of homes to choose from. There are only 3 homes for sale that are being listed as short sales, and there are no available foreclosures for sale in the Tahoe Keys. If there are any new foreclosure listings in the Tahoe Keys, I will be sure to add them to my current list of foreclosure listings in South Lake Tahoe. For further information about Tahoe Keys real estate please contact Brent and Jill Johnson today!