Bank Owned Properties in South Lake Tahoe
May 29, 2009
Another bank owned foreclosure has been listed on the South Lake Tahoe mls. 1181 Nottaway has just been listed for $207,000. This house is 936 square feet and has a listing price per square foot of $221.15. The average listing price per square foot for the foreclosures in South Lake Tahoe that are currently on the market is $194 per square foot. This new foreclosure listing brings the total amount of foreclosures on the South Lake Tahoe mls to 25 and 21 of them are in escrow.
Great opportunity to earn some sweat equity with this bank owned foreclosure listing in the Tahoe Paradise area of South Lake Tahoe. Located on a flat and sunny 6534 square foot lot in a quiet neighborhood, this would make a great first home or a vacation home. This house is 936 square feet and has 2 bedrooms, 1 bath, and a 1 car garage.
There are other houses for sale in South Lake Tahoe other than foreclosures that are also good deals. If you would like a list of homes for sale in South Lake Tahoe that I think are priced well in a certain price range, please call Brent Johnson today!
Tahoe Keys Open House Extravaganza!
May 28, 2009
This weekend, Chase International South Tahoe Realty kicks off its summer Tahoe Keys Homes Open House Extravaganza! Chase International real estate agents will be holding open houses throughout the 
Brent and Jill will be holding 2205 Venice Drive open on Saturday, May 30th from 10:00 a.m. until 6:00 p.m.
2205 Venice is a newer 4 bedroom, 2.5 bathroom, 2 car garage 2467 square foot home that was built in 1993. This house is being sold as a short sale and is subject to lender approval of any offers. This beautiful waterfront home is being offered at $995,000.
Some of the other Tahoe Keys homes that will be having open house are:
There are now 52 available houses for sale in The Tahoe Keys area and 10 homes that are currently in escrow. Prices for single family homes in the Tahoe Keys range from $495,000 for a 3 bedroom home on the sailing lagoon all the way to $5,950,000 for a 4 bedroom 6500 square foot lakefront home on Lighthouse Shores Drive. The lease expensive home on the water withlake access in the keys is a 2 bedroom, 1.75 bath,
2 car garage home priced at $595,000.
If you will be looking at real estate in the Tahoe Keys area this weekend, here are some quick statistics regarding single family homes.
Statistic for Tahoe Keys homes on the South Lake Tahoe mls
- 10 Tahoe Keys homes are currently in escrow
- The average list price of the Tahoe Keys homes in escrow is $863,300
- The median list price of the Tahoe Keys homes in escrow is $757,500
- The average days on the market for the Tahoe Keys homes in escrow is 335
- There are 52 houses for sale in the Tahoe Keys that are still available
- The average list price of the houses for sale in the Tahoe Keys is $1,545,726
- The median list price of the houses for sale in the Tahoe Keys is $1,147,500
- The average days on the market for the houses for sale in the Tahoe Keys is 119
I hope to see you at my open house to talk about Tahoe Keys properties and have some snacks. If you would rather set up an appointment to view houses for sale in the Tahoe Keys area than just going to the homes that are being held open, call Brent and Jill Johnson at (530) 416-2625 today!
Quagga and Zebra Mussel Inspections in Lake Tahoe
May 27, 2009
This blog post is not about South Lake Tahoe real estate, but is about quagga and zebra mussels and affects boat owners, and anyone that plans to visit Lake Tahoe in the future.
The TRPA is currently on a mission to keep the invasive quagga and zebra mussels out of Lake Tahoe. If you are planning on bringing your boat to Lake Tahoe, be prepared to have your boat inspected at the launch ramp. The inspection will be free at the Cave Rock launch ramp until June 1st, after that there will be an inspection fee.
If you plan to launch at the Tahoe Keys Marina, there is a $30 inspection fee for boats under 25 feet, $40 for boats from 26 to 40 feet, and $125 an hour for boats over 40 feet. If you tack on the $35 launch fee it could be an expensive day on the lake!
Here are some basic inspection and cleaning tips you should use every time you take your boat out of the water that will prevent you from spreading mussels and having your boat quarantined by an inspector.
- If your boat has been in another body of water, make sure to pull your drain plug and completely dry out your bilge. Quagga and zebra mussels can survive for up to 30 days out of the water in cool wet weather, or up to 5 days in hot weather. Make sure to let your boat dry for the appropriate amount of time prior to launching in any different body of water.
- Be sure to remove any mud or plants from your trailer.
- Inspect your boat for any rough or gritty spots, which may be young mussels that cannot be seen.
- Clean all water sports and fishing equipment including wetsuits.
- Wash, dry, and brush your pets.
- Wash your boat with hot water at a temperature of 140 degrees at the hull.
Photo provided by the USGS
The reason that the mussels must be prevented from entering Lake Tahoe is that they can completely change the ecosystem, damage boats and motors, clog infrastructure, and leave sharp shells on the beaches.
On Tuesday, a boat from Lake Pleasant, Arizona was found to have shells of the quagga mussels by an inspector at the Tahoe Keys Marina. This boat was decontaminated, and shows that the inspections are essential to keep the mussels out of Lake Tahoe.
Boating is a major part of the economy and lifestyle of Lake Tahoe, please do your part in preventing the spread of the quagga and zebra mussels so that we can continue to enjoy Tahoes crystal clear waters!
New Bank Owned Listing in South Lake Tahoe
May 27, 2009
This new bank owned foreclosure listing in South Lake Tahoe is priced to sell! At only $154.09 per square foot, this foreclosure is priced well below the competition.
897 Tahoe Keys Blvd. Offered at $290,000!
Built in 1991, this bank owned home has a bright and open floor plan. This 3 bedroom, 2 bath, 2 car garage 1882 square foot home is centrally located on Tahoe Keys Blvd., and would make a great vacation home. There has been a remodel that was started, but not completed. This house needs flooring, baseboard, some miscellaneous window and door trim, and some other odds and ends. There has also been some landscaping work that has been started and was not finished. This foreclosure listing in South Lake Tahoe would make a great project for someone looking to earn some quick sweat equity!
Other features include:
- Upstairs Living
- Extensive decorative rock work
- 6148 square foot lot
- 1882 square feet
- Tahoe Island Park location
- Ask about loan incentives!
Do not miss out on this great opportunity, this home will sell fast so call Brent and Jill Johnson today! For more information about other bank owned properties in South Lake Tahoe and how to be notified instantly when bank owned properties hit the market, call Brent Johnson at (530) 416-2625.
The South Lake Tahoe Housing Market Keeps Improving!
May 26, 2009
As of May 25th, there are currently 483 single family homes listed on the South Lake mls, and 95 of them are now in escrow. Now that 20% of our current single family inventory is in escrow, the South Lake Tahoe real Estate market is continuing to show improvements in buyer activity.
There has been a decrease of foreclosures in South Lake Tahoe that have been coming onto the market, and
buyers are now making offers short sales and the existing re-sale inventory. There are now 22 single family foreclosure listings on the South Lake Tahoe mls, and all but 2 are in escrow. Another reason for buyers now buying the non-foreclosure inventory is to avoid competition from other buyers. Many of the recent new foreclosure listings in South Lake Tahoe have had multiple buyers writing offers on them. Buyers who are not writing full list price offers, or close to list price offers on the foreclosure listings are missing out on the deals.
Out of the 95 single family homes that are in escrow on the South Lake Tahoe mls, 33 are short sales and 20 are bank owned foreclosures.
Statistics for the 95 pending single family homes in South Lake Tahoe
- The average listing price for the South Lake Tahoe homes in escrow is $418,608
- The median listing price is $359,900
- The average listing price per square foot is $244
- The average square footage is 1,757
- The median days on the market was 141
Statistics for the 33 short sales in South Lake Tahoe currently in escrow
- The average listing price for the short sales in escrow is $432,248
- The median listing price is $375,000
- The average listing price per square foot is $244
- The average square footage is 1,812
- The median days on the market was 195
Statistics for the 20 foreclosures in South Lake Tahoe currently in escrow
- The average listing price for the bank owned foreclosures is $292,352
- The median listing price is $267,500
- The average listing price per square foot is $188
- The average square footage is 1,658
- The median days on the market was 68
Single family homes in escrow by South Lake Tahoe mls areas
- Al Tahoe has 4 homes in escrow
- Bijou has 10 homes in escrow
- Black Bart has 1 home in escrow
- Christmas Valley has 4 homes in escrow
- Echo View Estates has 1 home in escrow
- Elks Club has 8 homes in escrow
- Gardner Mountain has 2 homes in escrow
- Heavenly Valley has 2 homes in escrow
- Highland Woods has 2 homes in escrow
- Meyers has 3 homes in escrow
- Montgomery Estates has 9 homes in escrow
- North Upper Truckee has 8 homes in escrow
- Pioneer Trail has 7 homes in escrow
- Pioneer Village has 1 home in escrow
- Sierra Tract has 7 homes in escrow
- Tahoe Island Drive has 4 homes in escrow
- Tahoe Island Park has 5 homes in escrow
- Tahoe Keys has 9 homes in escrow
- Tahoe Paradise has 4 homes in escrow
- The Y Area has 4 homes in escrow
With the percentage of housing inventory that is in escrow increasing monthly, the South Lake Tahoe real estate market seems to be heading in the right direction. With more home buyers entering the market daily, the selection of available distress sales is on the decline. Could the bottom of the housing market bubble have passed? Only Time will tell. For more information about the South Lake Tahoe real estate market, call Brent and Jill Johnson.
