Tahoe Keys Real Estate

Tahoe Keys Real Estate Review

2008 was a tough year for Tahoe Keys Real Estate. There were a total of 32 single family homes sold in the Tahoe Keys area compared with 37 sold in 2007. The slow down of the Tahoe Keys Real Estate market shows that no sectors of real estate were spared during these hard economic times.

The 2008 Tahoe Keys Real Estate Statistics are as follows

32 Single family home sales (Down 14% from 37 in 2007)
Lowest priced sale $410,000 ($550,000 in 2007)
Highest priced sale $2,150,000 ($3,750,000 in 2007)
Average sales price $900,366 (Down 22% from $1,155,000 in 2007)
Median sales price $847,500 (Down 12% from $960,000 in 2007)
Total sales volume $28,811,720 (Down 33% from $42,735,000 in 2007
Average days on market 196

To view a graph of the statistics click on the following link 2008 Tahoe Keys Statistics

Condos in the Tahoe Keys saw the same amount of units sold, 11 in 2007 and 11 2008, but the prices were much lower in 2008

11 condos sold in 2008 (11 sold in 2007)
Lowest prices sale $239,000 ($355,000 in 2007)
Highest priced sale $555,000 ($1,450,000 in 2007)
Average sales price $422,541 (Down 33% from $628,955 in 2007)
Median sales price $435,000 (Down 26% from $590,000 in 2007)
Total sales volume $4,647,950 (Down 33% from $6,918,500 in 2007)

To view a graph of the statistics click on the following link Tahoe-Keys-Condo-Statistics.

The lower prices are great news for buyers and bad news for sellers. For more information on Tahoe Keys Real Estate, or houses on the South Lake Tahoe MLS, please call Brent or Jill Johnson today!

Tahoe Keys Real Estate in a Flood Zone?

The Federal Emergency Management Agency (FEMA) has made a recent change to flood maps causing some homes in the Tahoe Keys to now be considered in a flood area.

According to an article written in the Tahoe Daily Tribune written be Adam Jensen, Owners of Tahoe Keys Real Estate feel that the flood maps are very inaccurate. To view the entire article click here.

Most lenders require homeowners within a flood area to have flood insurance. When the FEMA flood maps were changed, some homeowners in the new flood area received letters from their lenders requiring flood insurance or a letter from a licensed surveyor saying that the property is not in the flood area.

Flood insurance can cost around $1,100 for a $100,000 premium. This could be a hardship for some homeowners in todays tough economy.

The new FEMA maps will be very important for Real Estate Agents and those looking to buy Real Estate in the Tahoe Keys. Purchasing a home in a flood zone will add additional insurance expenses and could be harder to sell in the future.

FEMA is currently reviewing the flood map changes due to complaints from homeowners. Click on the link view the FEMA website.

Click Here to View the Tahoe Keys FEMA Map

For questions about Tahoe Keys Real Estate or any home on the South Lake Tahoe MLS please call Brent or Jill Johnson today!

Custom Tahoe home near the Tahoe Keys!

This custom Tahoe home for sale is near the Tahoe Keys, and with-in walking distance to the lake!

Jill Johnson | Chase International South Tahoe Realty | 530-416-2626

2323 Utah Ave., South Lake Tahoe, CA

Newer custom built home minutes from Lake Tahoe’s sandy beaches!

3BR/3BA Single Family House

offered at $699,000

Year Built	2007
Sq Footage	2,334
Bedrooms	3
Bathrooms	3 full, 0 partial
Floors	Unspecified
Parking	2 Car garage
Lot Size	6,120 sqft
HOA/Maint	$0 per month

DESCRIPTION

Well located and Beautifully constructed 2007 home. This charming home has 3 bedrooms, 2.5 baths plus a large office with a fireplace that can be used for a fourth bedroom or family room. Just some of the special features this home has to offer are granite slab countertops, hickory floors, cabinets and finish, stainless steel appliances, large family room for entertainment, etched glass doors, fire sprinklers and a large deck. Come and enjoy this lovely Tahoe home.

see additional photos below

PROPERTY FEATURES

Central heat	Fireplace	High/Vaulted ceiling
Walk-in closet	Hardwood floor	Tile floor
Family room	Living room	Bonus/Rec room
Office/Den	Dishwasher	Refrigerator
Stove/Oven	Microwave	Granite countertop
Stainless steel appliances	Washer	Dryer
Laundry area – inside	Balcony, Deck, or Patio	Yard

OTHER SPECIAL FEATURES

Fire sprinklers

ADDITIONAL PHOTOS

Seller contact info:

Jill Johnson

Chase International South Tahoe Realty

530-416-2626

For sale by agent/broker

Equal Opportunity Housing

Posted: Feb 9, 2009, 8:59am PST

This South Lake Tahoe real estate blog post was provided by Brent Johnson. If you would like more information regarding this house, other South Lake Tahoe homes for sale, or any other questions about real estate in South lake Tahoe, please contact Brent and Jill Johnson today!

Tahoe Keys Real Estate Year to Date Sold Statistics

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

Tahoe Keys Real Estate is Heating Up!

After a slow start this year, home sales in the Tahoe Keys are finally starting to heat up!

Last night I was bass fishing in the Tahoe Keys near the entrance to Lake Tahoe. It was another incredible Tahoe summer evining. I couldn’t help but overhear some vacation renters outside on a deck talking about the offer that they had just submitted on a house in the Tahoe Keys. After staying a week in the vacation rental home on the water, they decided that they had to take advantage of the market and to buy in the Keys.

Winter and spring were scary for Tahoe Keys sellers. It took until May 15th for the first Tahoe Keys sale and then May 20th for the second. Once summer began, the the Keys buyers began to snatch up houses from motivated sellers and a couple of banks (REO’s). According to the South Lake Tahoe MLS, there have been 17 closed escrows in the Tahoe Keys this year, and 15 of them have been in the last couple of months.

The average sale price in the Tahoe Keys has been $898,395 this year.

Median sale price $845,000

Minimum sale price $410,000

Maximum sale price $1,900,000

In the Tahoe Keys there are currently seven houses in escrow on the South Lake Tahoe MLS:

1997 Garmish- list price $799,000

1882 Cascade Ct.- list price $995,000

524 Christie Dr.- list price $1,088,000

1961 Kokanee Way -list price $1,495,000

484 Carson Ct. -list price $1,100,000

417 Christie Dr.- list price $849,000

One of the reasons that houses have started selling in the Tahoe Keys is that sellers are starting to price their homes to sell. You can now buy a nice 2000 sq. foot home with lake access in the $700,000’s!

The only down side to the Tahoe Keys is that you will have to watch me bass fishing in your back yard once a week!