South Lake Tahoe Short Sale Listing!
April 20, 2009
If you are looking to invest in South Lake Tahoe real estate, make sure to take a look at this fantastic short sale opportunity!
913 Lake Tahoe Blvd. Offered at $529,000
Short Sale Listing in South Lake Tahoe!
-
Custom built in 2006
-
Sunny 12,342 square foot lot
-
Priced at only $185 per square foot!
-
Viking stainless steel range
-
Custom granite counter tops
-
Maintained in mint condition
-
Short sale subject to banks approval of a short sale
If you are in the market for South Lake Tahoe real estate and would like to set up an appointment to view this short sale listing in South Lake Tahoe, contact South Lake Tahoe real estate agents Brent and Jill Johnson today!
South Lake Tahoe Real Estate Buyer Testimonial
April 19, 2009
Working as a South Lake Tahoe real estate agent has enabled me to meet and work with some incredible people. I had the pleasure of helping Dan and Angie Guerra purchase a second home in South Lake Tahoe.
Dan and Angie contacted me from my website last summer about a listing in the Tahoe Island drive area. After almost a year of communication by e-mail and phone calls about market conditions, new listings, and price reductions we were able to meet and look at properties in South Lake Tahoe. After a couple of outings with the Guerras, I had a very good idea of what they wanted in a second home.
We were able to negotiate a good price on the house, and the escrow period was smooth. Only minor repairs were found in the termite and home inspections, and we were able to work with the sellers to have repairs completed.
With buyer activity picking up nation wide the Guerras chose a great time to buy. Just in the last 8 days there were 22 properties in South Lake Tahoe that went into escrow, home buyers are now buying!
Here is a brief testimonial provided by Dan and Angie:
Dear Chase International,
We just closed escrow for the purchase of our vacation home in South Lake Tahoe. We would like to recognize Brent and Jill Johnson for their role in helping us to make this dream come true. Brent and Jill, as a team, were available to help us throughout our entire process, and were especially accommodating considering we are from out of town.
In the search for our home Brent focused in the specific areas in which we were interested. Brent is knowledgeable about neighborhoods, available properties, and as a building contractor, building construction. He researched local regulations and talked us through many of the possibilities found for each house considered.
During escrow, Brent was resourceful utilizing local skilled talent and proficient at coordinating other professional services. Brent is professional and service-oriented in his communications with us.
Through the entire process we were comfortable knowing that Brent and Jill were advocating for us, and in the end we are confident that we have made a smart purchase.
South Lake Tahoe MLS Listing 2177 Harvard Ave.
April 9, 2009
Just listed by South Lake Tahoe Real Estate agents Brent and Jill Johnson!
Voted Mls Home of the week on May 1st before our recent $20,000 Price reduction!!!
Complete remodel in Tahoe Island Park priced to sell. This home has a very open and bright floor plan!Granite countertops, Maple cabinets, and tile floors are just some of the great features that this home has to offer. There is a newer comp roof, vinyl double pane windows, and fresh paint. Situated on a large sunny lot in a quiet area, this home is a must see! This house is not a short sale or a foreclosure!
-
Check out the virtual tour!
-
Great Tahoe Island Park Location
-
Granite Countertops
-
Maple Cabinets
-
Sunny, fully fenced yard
-
3 bedrooms, 2 bathrooms, 2 car garage
-
Vaulted ceilings
-
1688 square feet
-
7789 square foot lot
-
Priced to sell at $379,000!
If you would like to make an appointment to view this home, or other houses for sale in South Lake Tahoe, please contact South Lake Tahoe real estate agents Brent and Jill Johnson today!
Foreclosures in South Lake Tahoe Year to Date
April 8, 2009
Foreclosures in South Lake Tahoe have been changing the South Lake Tahoe real estate market for the last year. Most of the buyers that are investing in real estate in South Lake Tahoe are looking to take advantage of low prices and searching for deals. Bank owned properties seem to be topping the list for the buyers seeking good deals on homes. Are buyers really getting that good of a deal? Lets start off with the statistics.
So far this year there have been 77 single family houses in South Lake Tahoe that have closed escrow according to our mls. Out of the 77 sold homes, 27 were bank owned foreclosures. The reason that I say that the foreclosures are changing the South Lake Tahoe real estate market is because they change the statistics so dramatically.
Foreclosures in South Lake Tahoe vs non-foreclosures/ Price per square foot
Lets look at the average price per square foot. The average price per square foot of the 77 houses in South Lake Tahoe that have sold this year was $231 per square foot. That is 20% less than the same time last year in which the average price per square foot of the sold homes was $287.
Lets look further into price per square foot. The average price per square foot for the 27 foreclosures in South Lake Tahoe that have sold this year is only $196 per square foot. If I take out the foreclosures and re-run the statistics the average price per square foot jumps up to $252. With out the sold foreclosures in the comps the average price per square foot is only down 12%.
Foreclosures in South Lake Tahoe/ average sales price
The foreclosure listings also brought down the average sales price substantially. The average sales price for the 77 houses in South Lake Tahoe that have sold year-to-date was $408,874. The average sales price for the foreclosures in South Lake Tahoe was $309,185. Again, if I re-run the statistics with out the foreclosure listings, the average sales price jumps up to $458,508.
South Lake Tahoe Foreclosures/ Days on the market
There is one statistic that foreclosures are bringing down that is not necessarily a bad thing, days on the market. The average days on the market for the houses in South Lake Tahoe that have sold year-to-date is 170. The average days on the market for the sold foreclosures is only 97 (including the escrow period which is an average of 45 days). If I take out the foreclosures, the days on the market goes up to 190 days.
Not all foreclosures in South Lake Tahoe are “Great Deals”!
Now that you know that foreclosures in South Lake Tahoe are selling for less per square foot and have an average sales price that is less than non-foreclosures, you may be thinking that foreclosures are the way to go. Not all foreclosures are created equal! There is a reason that foreclosures in South Lake Tahoe are selling for under $200 per square foot. Yes, banks price foreclosures to sell quickly, but be aware of the repair and upgrading costs.
Lets say that you have narrowed down your possible home purchase to two homes, a foreclosure that needs some work for $300,000, and a non-foreclosure that is in move in condition for $350,000. Currently 90% of the buyers will go for the foreclosure. This means that you may be competing against other buyers, and may need to pay close to full price, if not over full price to get the foreclosure. The non-foreclosure on the other hand may have been on the market for 120+ days and has motivated sellers waiting to see their first offer! Now lets look at the condition of the homes. If the foreclosure needs paint, carpet, appliances, and minor
repairs you may end up paying even more than you would have paid for the non-foreclosure.
Some foreclosure listings in South Lake Tahoe are very good deals, but many buyers are overlooking the non-foreclosure listings that may also have great potential.
Give Brent and Jill Johnson a call today to set up an appointment to view the non-foreclosure and foreclosure listings on the South Lake Tahoe mls. Feel free to contact us today with any of your South Lake Tahoe real estate questions!
Meyers
April 6, 2009
For South Lake Tahoe real estate buyers looking for a quiet county neighborhood, Meyers is the place to look. Meyers is located about five minutes west of the “Y” on Highway 50. The South Lake Tahoe mls defines the Meyers area as beginning at the Lake Tahoe Golf Course on the north side of Highway 50, and extending to where the South Upper Truckee River and Highway 50 intersect.
Houses in the Meyers area are very diverse, like other areas in South Lake Tahoe. Some Meyers homes back the Lake Tahoe Golf Course, the Upper Truckee River, or National Forest. The homes in these locations have some of the best mountain views of any homes in South Lake Tahoe. The bigger and newer homes in the nicer parts of Meyers are priced up to a million dollars.
Most of the homes in the Meyers area are situated on 6,000 square foot lots and neighbor other lots or homes. There have been foreclosures and small cabin/ fixer type homes that have sold under $200,000. The majority of the houses in Meyers are priced from $250,000 to $450,000. Although the houses located along the edges of Meyers that back open land are private, the middle of Meyers definitely feels like a residential neighborhood.
Outdoor enthusiasts looking at real estate in South Lake Tahoe will enjoy the Meyers area. The Lake Tahoe Golf Course and Tahoe Paradise Golf course are with-in walking distance to most of the homes in the Meyers area. Sierra-At-Tahoe and Kirkwood are the ski resorts that most Meyers residents ski and snowboard at regularly. Meyers also has great hiking and mountain biking trails that easily accessible.
The Meyers Environmental Magnet School is also located in the Meyers area. This elementry school is a great feature of the Meyers area. The Magnet school is considered one of the best schools in Tahoe. (My daughters attend this school!)
