Tahoe Keys Real Estate

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!