south lake tahoe mls listings

South Tahoe Foreclosure Inventory Continues to Shrink

The shrinking supply of foreclosure inventory appears to be a nationwide trend that is fueling the housing recovery. Low interest rates, motivated investors, and a tight inventory are the major factors contributing to the recovery of the housing market.

Supply of “Shadow” homes declines Again, an article in LATimes.com by Alejandro Lazo explains:

“House hunters looking for bargain properties in the new year will probably be disappointed.

A new report by Santa Ana firm CoreLogic shows pending home supply declined again in October. This shadow inventory fell 12.3% from the year prior to stand at 2.6 million units, or a supply of about seven months.

The housing recovery that began last year was spurred by tight inventory and strong demand from investors and buyers motivated by record-low mortgage-interest rates.

Those factors have helped push up prices in recent months. In a news release announcing the new data, CoreLogic analysts said that given the strong demand from investors, and others, the current shadow supply is unlikely to drag down the market in 2013.

“The size of the shadow inventory continues to shrink from peak levels in terms of numbers of units and the dollars they represent,” CoreLogic Chief Executive Anand Nallathambi said in that release. “We expect a gradual and progressive contraction in the shadow inventory in 2013 as investors continue to snap up foreclosed and REO properties and the broader recovery in housing market fundamentals takes hold.”

CoreLogic estimates the supply of homes that are seriously delinquent, in foreclosure or held by lenders and not currently on the market. Investors and economists keep an eye on shadow inventory to get a sense of how many homes might be headed into foreclosure and hitting the market.

CoreLogic estimated the dollar amount of shadow inventory as $376 billion in October, a decline from $399 billion the same month a year before. Florida, California, Illinois, New York and New Jersey made up about 45% of the shadow supply reported by CoreLogic on Wednesday.”

The inventory of foreclosures has steadly declined in South Lake Tahoe as well. There are currently only 16 single family foreclosure listings on the South Lake Tahoe MLS in the city and county areas. Out of the 16 foreclosure listings only 5 are active and the other 11 are in escrow.

Foreclosure Inventory on the South Lake Tahoe MLS:

January 2013

16 total foreclosure listings
5 active foreclosure listings
11 pending foreclosure listings

January 2012

57 total foreclosure listings
34 foreclosures were active
23 foreclosures were in escrow

January 2011

62 total foreclosure listings
34 foreclosures were active
28 foreclosures were in escrow

As Alejandro Lazo said in the article, House hunters looking for bargain properties in the new year will probably be disappointed. It will become very important to have a hard working real estate agent working for you to notify you when good properties come on the market because they may be selling quickly!

South Lake Tahoe Foreclosures For Sale

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 South Lake Tahoe MLS Listing on 1796 Arrowhead!

Just Listed by South Lake Tahoe Real Estate Agents Brent and Jill Johnson

1796 Arrowhead Offered at $249,950!

Click Here to see the Virtual Tour!

Here it is, a 3 bedroom home with a garage that is move-in ready that is NOT a short sale or a foreclosure! This cute Meyers home sits on a sunny and fully landscaped 7,550 square foot lot. Recent upgrades include a new gas freestanding fireplace, laminate flooring, and a comp roof. Give South Lake Tahoe Real Estate Agents Brent and Jill Johnson a call to see this house today!

3 Bedroom, 1 bath, 1 car garage
Newer Gas Stove
Fully landscaped front and back yard
Fully fenced back yard
1040 square feet
Very clean and well kept home!

New South Lake Tahoe MLS Listing 680 Seneca

Brent and Jill Johnson have just listed a very cozy chalet style house for sale on the South Lake Tahoe mls located at 680 Seneca Drive.

Come and see this warm and cozy Tahoe chalet with Forest Service lots both in front and behind. Located on a large 11,000 square foot fenced lot, this home would make a wonderful vacation getaway or a primary residence. Some of this special homes features include two fireplaces, formal dining room, laundry room, and a library/ study. The walk through room to the Master could be used as a third bedroom.

Click Here for the Virtual Tour!

3 Bedrooms, 2 Baths, and a 1 Car Garage
1766 Square Foot Lot
Quiet County Neighborhood Just Minutes From Town
National Forest Service Lots in Front and Behind
10,646 Square Foot Lot
Much More!

For more information regarding Brent and Jills new listing at 680 Seneca, please call us at (530) 416-2625. If you have any questions regarding any listings on the South Lake Tahoe mls contact us today!

South Lake Tahoe MLS Listings from $400,000 to $500,000

The South Lake Tahoe real estate market is very active in the lower price ranges, and is now picking up above $500,000. The $400,000 to $500,000 range is still one of the areas that is still seeing a limited amount of buyer activity.

Currently there are 463 single family home listings on the South Lake Tahoe mls. Out of the 463 listings, 72 are in escrow which is about 16%. There are 61 homes listed between $400,000 and $500,000. and 6 of them are in escrow which is only about 10%.

For the homes listed between $400,000 and $500,000, the average listing price per square foot is $275. So far this year there have been 16 houses that have sold in this price range on the South Lake Tahoe mls. The average price per square foot for the sold homes was $238. The median selling price was $427,000 and the average selling price was $436,250. There were only 4 foreclosures in South Lake Tahoe that have sold in the $400,000 to $500,000 price range. With only 4 of the 37 South Lake Tahoe foreclosures that have sold so far this year being in the $400,000 to $500,000 price range, this range has a low percentage of the foreclosure market.

I have chosen 4 homes on the South Lake Tahoe mls between $400,000 and $500,000 that I think have a good value.

1802 Amador is a short sale listing in Montgomery Estates offered at $429,000 which comes to $175.25 per square foot. This home was previously sold for $670,000 on 6/23/05. Montgomery Estates is one of my favorite areas because it is close to Heavenly Valley Ski Resort and not far from Stateline and the Casinos. There are a lot of larger and newer homes in this area. 1802 Amador is a 2448 square foot 3 bedroom, 2.5 bathroom, 2 car garage home with upgrades and is in good condition.

3503 April is not a short sale or a bank owned foreclosure, but has an outstanding location near Heavenly Valley. This home also backs to U.S. Forest Service Land. This 2146 square foot 5 bedroom, 2.5 bath, 2 car garage would make a great vacation home or a vacation rental. Offered at $495,000, this home is has a list price per square foot of $230.66

1542 Ormsby is a bank owned foreclosure listing with a great meadow view location. This bank owned listing is a 4 bedroom, 2 bath, 1 car garage, 2323 square foot home priced at $419,000. At only $180.37 per square foot, this meadow and mountain view home has great potential to be upgraded.

709 Gardner is a newer (1999 construction) 3 bedroom, 2.5 bath, 2 car garage home that has been rarely been used and is in great condition. This newer home is priced at $429,000 and is $210.09 per square foot.

For buyers in the $400,000 to $500,000 price range, there is a great selection of listings on the South Lake Tahoe mls. With not a lot of competition in this price range, buyers will have a chance to negotiate a good price on a home that works for them. Make sure to keep checking on my current list of foreclosures in South Lake Tahoeto see any new foreclosure listings on the South lake Tahoe mls.

If you would like to find out more about the South Lake Tahoe real estate market, foreclosures in South Lake Tahoe, the South Lake Tahoe mls, or would like to set up an appointment to view properties in South Lake Tahoe, contact Brent and Jill Johnson today!

Short Sale Listing in South Lake Tahoe Just Sold!

It is possible to close escrow on short sale listings in South Lake Tahoe! Here is a recent example: My wife Jill and I just closed escrow on a short sale listing located at 1069 Carson Street. Jill and I represented the buyer on this short sale transaction.

1069 Carson Street is a 3 bedroom, 1.75 bathroom, 1254 square foot home with a garage. This house was remodeled, had a newer 50 year roof, and was in great condition. The asking price was $275,000. Our offer was less than the asking price and was accepted by the seller. After only 3 days the bank gave us a counter offer of full list price, and our buyer agreed to the terms.

From the day that we submitted our offer to the day of closing escrow took 56 days. 56 days is a little longer than the average escrow period of around 45 days, but was rather quick for a short sale.

Here are some pictures of 1069 Carson from the South Lake Tahoe mls

There is currently a lot of competition between buyers looking for deals on foreclosures. In order to avoid getting into a bidding war on a bank owned foreclosure, take a look at some of the short sale listings that are available. Currently there are 36 available single family short sale listings on the South Lake Tahoe mls. There are 18 short sale listings that are currently in escrow in South Lake Tahoe.

So far this year there have been 8 short sales that were reported as sold on the South Lake Tahoe mls. The average sales price for the sold short sales was $451,912, the average price per square foot was $221, and the average days on the market was 143.

If you decide to make an offer on a short sale listing, be prepared that it may take some time for a response from the lender. There have been responses from lenders in as quick as a couple of days to as long as a many months. Some short sales can definitely be worth the wait!

If you would like to see a list of short sale listings in South Lake Tahoe, contact Brent and Jill and we will send you a list. Please let us know if you have any questions regarding Short Sales in South Lake Tahoe, South Lake Tahoe real estate, or homes on the South Lake Tahoe mls, call us today!