Tahoe Keys Real Estate Review for 2009 Year to Date

Tahoe Keys home buyers are currently finding the best selection of homes for sale that there has been in years. There are now 55 houses for sale in the Tahoe Keys area that are available on the South Lake Tahoe mls. The least expensive home in on the water the Tahoe Keys is 2214 Venice ( backs the sailing lagoon), a 3 bedroom, 2 bathroom, 2 car garage 1422 square foot home for $495,000. For those looking for luxury, 24 Lighthouse Shores, a 6,500 square foot lakefront home is still available for $5,950,000.

Buyer activity in the Tahoe Keys has also been increasing, there are now currently 13 houses in the Tahoe Keys that are in escrow. Out of the 13 houses in escrow, 8  are short sales and none are bank owned foreclosures. 

Statistics for the houses in the Tahoe Keys that are in escrow 

• There are currently 13 homes in the Tahoe Keys that are in escrow
• The average listing price is $947,269
• The median listing price is $725,000
• Tha average price per square foot is $364
• The average days on the market is 309
• the average square footage is 2,438

So far this year there have been 8 Tahoe Keys homes that have sold on the South Lake Tahoe mls. Two of the sold homes were short sales and one was a bank owned foreclosure. When I ran the statistics for the sold Tahoe Keys homes, I did not include 2224 Inverness. 2224 Inverness was a short sale that was a 3,000 square foot shell, and was skewing the statistics. This home was completely gutted on the inside, and sold for only $300,000.

Statistics for the houses in the Tahoe Keys that have sold in 2009

• 8 sold houses in the Tahoe Keys
• 2 short sales and 1 bank owned foreclosure
• The average sales price was $798,286
• The median sales price was $705,000
• The average days on the market was 211
• The average square footage was 2,519

As I was driving my boat through the Tahoe Keys during the 4th of July weekend, it was great to see how many people were vacationing in the Keys. I would guess that there was not one vacant vacation rental in the Tahoe Keys area during that weekend. The Tahoe Keys is a very special area in South Lake Tahoe, and is one of the best places in the world to own a home! There is a large selection of homes available in the Tahoe Keys, and prices at their lowest levels in years. In may now be the best time ever to find your dream home in the Tahoe Keys!

For more information about Tahoe Keys real estate, please call Brent and Jill Johnson at (530) 416-2625 today!