Tahoe Keys Home Buyer Testimonial

To whom it may concern.
I bought a home in Tahoe Keys from Brent Johnson after terminating our
association with a previous Real Estate Agent because he was not concerned
about our needs and was not helpful at all with our questions. We found
Brent to be very forthcoming and honest on questions I had about the Keys
and their C C & R’s. If Brent did not know what the rule was, he found out
and even printed forms for submission to the Association if we wanted to
make exterior changes.
Brent’s advice on the bidding process helped to make the purchase of our
Vacation Home an easy one and although I could not always do the papers at
his office, he always made the documents available for our signatures and/or
initials in a format that was easy to print on a PC, fill out and then
return via FAX.
Brent was very good with communication if something came up about the
pending purchase.

Thank you Brent for a job well done.

Sincerely,
Jim & Elaine Burkhart

Meadow Front Lot For Sale in South Lake Tahoe

Just listed by South Lake Tahoe real estate agent Brent Johnson

1379 Chinquapin

 

One of the last available meadow front lots left in South Lake Tahoe! This 7500 square foot meadow front lot has great meadow and mountain views. This great home site has an IPES score of 655 and 4% coverage. Additional coverage is currently available on the South Lake Tahoe MLS for $30 per square foot. Do not miss out on this great setting! Currently there is no waiting for an allocation in El Dorado County so you can begin building this spring!

Please call South Lake Tahoe real estate agent Brent Johnson for additional information regarding this lot. You can also click on the following link to search all lots for sale in South Lake Tahoe  on the South Lake Tahoe MLS.

New South Lake Tahoe MLS Listing on 1796 Arrowhead!

Just Listed by South Lake Tahoe Real Estate Agents Brent and Jill Johnson

1796 Arrowhead Offered at $249,950!

Click Here to see the Virtual Tour!

Here it is, a 3 bedroom home with a garage that is move-in ready that is NOT a short sale or a foreclosure! This cute Meyers home sits on a sunny and fully landscaped 7,550 square foot lot. Recent upgrades include a new gas freestanding fireplace, laminate flooring, and a comp roof. Give South Lake Tahoe Real Estate Agents Brent and Jill Johnson a call to see this house today!

• 3 Bedroom, 1 bath, 1 car garage
• Newer Gas Stove
• Fully landscaped front and back yard
• Fully fenced back yard
• 1040 square feet
• Very clean and well kept home!

November Real Estate Review for South Lake Tahoe

Although there was a slight decline in the number of single family homes sold in South Lake Tahoe, November still yielded 41 home sales. The single family home closings were only down 5 units from October when 46 houses were sold. October and November had tied for the most single family home sales so far in 2009 with 46.

The number of distress sales in November was also down from October. There were 13 bank owned foreclosures that sold in November, down from 16 in October. There were 2 short sales that closed escrow in November, down from 4 in October. Distress sales accounted for 37% of the single family home closings in November compared to 43% in October.

November Statistics for South Lake Tahoe Single Family Home Sales

• There were 41 Single Family Homes sold in November
• The average sales price for the homes sold was $386,217 (Down from $440,393 in October)
• The median sales price for the homes sold was $$320,000 (Down from $323,500 in October)
• The average price per square foot for the homes sold was $222 (Down from $239 in October)
• The average days on the market was 158
• The median days on the market was 122
• There were 13 bank owned foreclosures in South Lake Tahoe that sold in November
• There were 2 short sales in South Lake Tahoe that sold in November

Real Estate agents in South Lake Tahoe are still struggeling with getting short sales closed. According to the South Lake Tahoe mls, there are now 40 short sales currently in escrow, and only 2 short sales actually closed escrow last month. There has been a total of 32 short sale closings so far this year on the South lake Tahoe mls compared to 124 bank owned foreclosures that have closed escrow.

The bank owned foreclosures in South Lake Tahoe are still selling quickly and for close to asking price. The foreclosures that sold within 31 to 60  days of being listed sold for 101.86% of the list price. That percentage dropped to 90.27% of the list price for the 5 foreclosures that were on the market for longer than 120 days.

South Lake Tahoe Foreclosure Statistics for November

• There were 13 bank owned foreclosures sold on the South Lake Tahoe mls in November
• The average selling price for the foreclosures was $263,838 (Down from $308,838 in October)
• The median selling price for the foreclosures was $189,900 (Down from $282,500 in October)
• The average price per square foot was $197 (Up from $184 in October)
• The 2 foreclosures that sold with in 30 days of being listed sold for 96.46% of the list price (including the escrow period)
• The 3 foreclosures that sold from 31 to 60 days of being listed sold for an average of 101.86% of the list price.
• The 3 foreclosures that sold from 61 to 90 days of being listed sold for an average of 100.5% of the list price.
• The 5 foreclosures that sold from 120+ days on the market sold for an average of 90.27% of the list price.

Currently on the South Lake Tahoe MLS there are 398 single family houses listed and 96 of them are currently in escrow.  There are 75 short sale listings and 40 of the short sales are in escrow. Foreclosures account for 42 of the single family homes on the market and 20 of the foreclosures are currently in escrow.

With the extension of the $8,000 first time home buyer tax credit until April 30, 2010 and the addition of the $6500 current homeowner tax credit, it will be interesting to see what happens to the South Lake Tahoe Real Estate market during the rest of 2009 and beyond!

New Lot Listing In South Lake Tahoe

 737 Stanford Ave.

Offered at $79,000

Do not miss out on this level lot in Al Tahoe only one block from the meadow! A two story house will take advantage of filtered meadow views and great sunshine. This 5973 square foot lot has 30% coverage and an IPES score of 893. Al Tahoe is centrally located in South Lake Tahoe close to the beaches, Heavenly Valley, and the Casinos. The City of South Lake Tahoe also has a limited number of allocations available with no waiting time. For more information on this great lot or other lots in South Lake Tahoe, please give Brent Johnson a call today!