Luxury South Lake Tahoe Real Estate

Chase International has a reputation for being the leading luxury real estate company in Lake Tahoe. Chase International is a long-standing exclusive member of Who is Who in Luxury Real Estate, Leading Estates of the World, Residence International . Chase International was also elected to the Board of Regents luxury real estate and was selected as an exclusive member of the Artisan Group.

Chase International leads the competition in the number of transactions sold over $10 million since 1995. Here is a list of the top six companies with transactions over $10 million.

1. Chase International (37 sales over $10 million)
2. Tanager (9)
3. Coldwell Banker I.V. (9)
4. Lakeshore (4)
   

   Lakefront Property in South Lake Tahoe

5. Marriner (4)
6. Dickson (2)

Chase International also leads the competition for transactions sold over $5 million since 1989. Here is a list of the top seven companies with transactions over $5 million.

1. Chase International  (85 transactions over $5 million)
2. Tanager (21)
3. Coldwell Banker I.V. (20)
4. McCall (12)
5. Marriner (11)
6. Lakeshore (9)
7. Dickson (8)

Here is a list of the top seven companies with the number of properties sold over $5 million since 1989.

1. Chase International (64 properties sold over $5 million)
2. Tanager (17)
3. Coldwell Banker (16)
4. McCall (11)
5. Marriner (8)
6. Lakeshore (7)
7. Dickson (5)

Sales volume on properties sold over $10 million since 1995 top five companies is as follows.

1. Chase International $358,365,000
2. Tanager $102,100,000
3. Coldwell Banker I.V. $67,250,000
4. Lakeshore $66,975,000
5. Incline Village Sales $32,500,000

Chase International also holds some of the finest connections to the worlds most prestigious publications including LuxuryRealEstate.com, Forbes, Leading Real Estates of the World, The Wall Street Journal, Unique Homes, duPont Registry, EstatesWest, and Residence International.

If you are in the market for luxury real estate in South Lake Tahoe or are thinking of selling your luxury home, Brent and Jill Johnson at Chase International have the tools and the knowledge to accomplish your goals. For more information regarding luxury South Lake Tahoe Real Estate contact Brent and Jill Johnson today!

South Lake Tahoe Real Estate Statistics

With 16 single family houses listed under $200,000, the South Lake Tahoe Real estate market now has a home for just about any home buyer. In previous years it was almost unheard of to find a house in South Lake Tahoe that was for sale under $200,000. If you were able to find one, it was most likely a small one bedroom cabin. There are now listings on the South Lake Tahoe mls that are 2 and 3 bedroom homes being offered for under $200,000! 

Out of the 16 houses for sale under $200,000, 7 are currently in escrow, 6 are bank owned foreclosures, and 4 are short sales.

• For the 7 houses in escrow under $200,000, the average list price per square foot is $197
• The median square footage is 799
• The median list price is $182,400
• The median days on the market is 79
• 44% of the listings under $200,000 are currently in escrow

Almost half of the houses priced under $200,000 are currently in escrow! As you increase the price range, the ratio of pending listings to active listings goes way down.

There is also a great selection of houses priced from $201,000 to $300,000. There are currently 64 houses listed for sale on the South Lake Tahoe mls. Out of the 64 single family listings, 17 are currently in escrow, 15 are bank owned foreclosures, and 8 are short sales.

• For the 17 houses in escrow priced between $201,000 and $300,000, the average price per square foot is $223
• The median square footage is 1288
• The median list price is $275,000
• The median days on the market is 68
• 27% of the houses priced from $201,000 to $300,000 are currently in escrow

For the buyers looking at homes in the $301,000 to $400,000 price range, there are currently 83 houses listed. Out of the 83 houses for sale, 11 are in escrow, 5 are bank owned foreclosures, and 7 are short sales.

• For the 11 houses in escrow priced between $301,000 and $400,000, the average price per square foot is $220
• The median square footage is 1,716
• The median list price is $399,000
• The median days on the market is 147
• 13% of the houses priced from $301,000 to $400,000 are in escrow

As you start to look at the higher priced real estate in South Lake Tahoe, the amount of foreclosure listings and number of escrows goes down. Out of the 59 listings on the South Lake Tahoe mls priced from $401,000 to $500,000, 8 are in escrow, 6 are short sales, and only 2 are foreclosures.

• For the 8 houses in escrow between $401,000 and $500,000, the average list price per square foot is $224
• The median square footage is 1865
• The median list price is $426,500
• The median days on the market is 331
• 13.5% of the houses priced between $401,000 and $500,000 are currently in escrow

Once you look at the houses priced over $500,000, the buyer activity slows way down, so I placed all of the listings over $500,000 into one category. Out of the 228 listings available over $500,000, only 11 are in escrow. Four of the houses that are in escrow are in the Tahoe Keys area. There are only 3 foreclosures and 9 short sales listed over $500,000.

• For the 11 houses in escrow that are over $500,000 the average price per square foot is $298
• The median square footage is 2283
• The median list price is $649,000
• The median days on the market is 167
• Less than 5% of the houses listed over $500,000 are currently in escrow

Not only are there now a lot more lower priced single family listings on the South Lake Tahoe mls, it is the houses under $200,000 and $300,000 that are selling! It is not only the South Lake Tahoe real estate market that is seeing a lot of houses and buyer activity in the lower price ranges. In California, the median price of sold homes in February was $247,590, down 40.8% from February 2008, which was $418,260. With the lower prices, the number of sold homes this February in California was 620,410, which is up 83% from February 2008!

One of the factors driving the massive increase in home sales in the lower price ranges is distress sales. The decline in value for the lower price ranges has been greater due to the volume of foreclosure, short sales, and distressed homeowners. According to the California Association of Realtors, homes under $500,000 have experienced larger price declines due to distress sales.

If you look at the overall South Lake Tahoe Real estate market, there are currently a total of 450 single family listings on the mls. Out of the 450 listings, 54 are currently in escrow which is 12% of the inventory. There are 33 single family foreclosure listings, and 15 of them are currently in escrow. There are 35 single family short sale listings, and 6 of the short sales are currently in escrow.

Make sure to keep up to date on the South Lake Tahoe real estate market conditions by reading my blog at www.JohnsonsTahoeRealEstate.com. For more information about the South Lake Tahoe real estate market please contact Brent and Jill Johnson today!

Y Area

The “Y Area” in South Lake Tahoe has some of the lowest priced homes for sale in South Lake Tahoe. Houses in the Y Area start at under $200,000 for a small 2 bedroom home, fixer, or a foreclosure. Most of the homes in the Y Area range from $200,000 to $400,000. The houses priced from $200,000 to $400,000 are most likely 2 or 3 bedroom homes in re-modled or original condition.

The Y Area is conveniently located where HWY 50 and HWY 89 intersect in South Lake Tahoe. This is a great location for either locals who want to be in town, or for second home owners who would like to be close to most of South Shores amenities. Camp Richardson is only about 5 minutes north on HWY 89, and between the Y and Camp Richardson are South Shores best beaches.

Most of the homes in the Y Area are on flat 5,000 square foot lots and have neighboring homes on all sides of the property. Due to all of the trees in the Y Area, mountain views are rare in this area. The  Tahoe Verde Estates Mobile Home park is also located in the Y Area.

For affordable Real Estate in South Lake Tahoe, the Y Area is an area that may have the house that you are looking for. Weather you are looking for a starter home or a vacation home in South Lake Tahoe, make sure to take a look in the Y Area.

South Lake Tahoe MLS Listing-840 Boulder Mountain

  Most buyers for South Lake Tahoe Real Estate are looking for exceptional deals on houses. My custom house listing on 840 Boulder Mountain has just been reduced another $100,000 and is now one of those deals! Take a look at this custom Tahoe home, and compare it with the other real estate listings in South Lake Tahoe!                                        

                                                 840 Boulder Mountain Drive JUST SOLD!!!

$100,000 Price Reduction!

             

Now Offered at $599,000!

Virtual Tour

More Pictures

• Great Mountain Views                                        
• Log Accents
• Granite Slab Counter tops
• Stainless Steel Appliances
• Custom Travertine Throughout
• Much More!

 

Great Mountain views from this “Almost New” Tahoe Mountain Home! Log accents, custom woodwork, and rustic light fixtures give this custom home the true Tahoe feel! This is a 4 bedroom, 2.5 bath, 2 car garage 2671 square foot home. The sellers are motivated and have this special home priced to sell!

 

 

This listing is provided by South Lake Tahoe Realtors Brent and Jill Johnson. If you would like more information about this house or any houses for sale in South Lake Tahoe, the South Lake Tahoe MLS, or any Real Estate in South Lake Tahoe, contact us today!

 

South Lake Tahoe Foreclosure Listing Back on the Market.

2753 Springwood is one of the foreclosure listings in South Lake Tahoe that is definitely worth looking at. This house has just been re-listed with Chase International South Tahoe Realty due to a change in the asset management company that was handling the property.

2753 Springwood $329,900

 

Located in the desirable Highland Woods area, this three bedroom, two bathroom, two car garage house would make a great vacation home or primary residence. This newer 1927 square foot house is a bank owned foreclosure that is priced to sell.

• Built in 1996
• 6581 square foot lot
• Gas fireplace
• located in Highland Woods
• Priced at $171.20 per square foot!

2753 Springwood was previously on the market for 49 days. The list price was $379,900 and was then reduced to $329,900.

For more information about this house, other foreclosure listings in South Lake Tahoe, or South Lake Tahoe Real Estate, please contact Brent and Jill Johnson today!

 

Next Page »