Foreclosures in South Lake Tahoe Can Be Half Off!
March 12, 2009
Would you believe me if I said that some homes in South Lake Tahoe can be purchased for less than half of what they were worth in 2005/2006? If this were true, would you think that it is now a good time to buy real 
Not all homes in South Lake Tahoe are selling at half price, but some are, and here is a recent example:
My wife Jill recently sold a home located at 1035 Herbert for $208,000. This house had previously sold in October 2004 for $330,000 and again in July 2006 for $480,000! The recent sales price of $208,000 is 57% less than what this house had previously sold for in 2006! The buyers purchased this house for less than half of what someone else paid 3 years ago!
1035 Herbert was a 1394 square foot bank owned foreclosure. With four bedrooms, two bathrooms, and a detached garage, this house has plenty of room and a great layout. The selling price per square foot was $149.21 which was well under the median price per square foot of other South Lake Tahoe foreclosures (which is $202 per square foot). The sales price of $208,000 was also well below the median sales price of other foreclosures in South Lake Tahoe (which is currently $272,000).
1035 Herbert
South Lake Tahoe Foreclosure Listing
March 10, 2009
Foreclosures in South Lake Tahoe are still keeping the attention of home buyers seeking deals. 2691 Genoa is a recent foreclosure that is listed for $189,900. Before being foreclosed on, this house was listed for $275,000 and then reduced to $200,000 as a short sale.
2691 Genoa Ave.
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2 bedrooms and 1.5 baths
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Convenient in town location
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768 square feet
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7700 square foot lot
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Potential to add bedrooms and a bathroom in the un-finished attic
Although home prices are down, many foreclosure listings and short sale listings in South Lake Tahoe are selling quickly and receiving multiple offers. If you are interested in purchasing a short sale or a foreclosure listing in South Lake Tahoe, make sure that you visit my current foreclosure listings in South Lake Tahoe link daily. I update the foreclosure list daily with any new listings, price reductions, and pending sales.
For more information regarding foreclosures in South Lake Tahoe, the South Lake Tahoe real estate market, or properties on the South Lake Tahoe mls, please contact Brent and Jill Johnson today! Thanks for reading my South Lake Tahoe real estate blog!
