South Lake Tahoe Foreclosures For Sale

Foreclosure Listings in South Lake Tahoe

Below is an updated list of the foreclosures for sale in South Lake Tahoe that are listed on the South Lake Tahoe MLS. There are currently 49 single family foreclosure listings and 14 of them are in escrow. The average listing price for the foreclosures is $323,835. The current median listing price is $256,000. The average list price per square foot is $180. Just click on the address for detailed listing information about the property. For more information about any of these foreclosure listings, please call Brent Johnson at (530) 416-2625.

Updated on 9/2/10

• 1032 Carson- 999 square foot, 2 bedroom, 1 bath foreclosure in the Sierra Tract offered at $144,900
• 1046 River Dr- 3060 square foot Tri-plex on the meadow offered at $324,900
• 1055 Cellador- 1750 square foot tri-plex offered at $180,900
• 3535 Lake Tahoe Blvd- 1 bedroom, 1 bathroom condo in Lakeland Village offered at $248,000
• 439 Ala Wai- 1 bedroom, 1 bathroom condo in the Tahoe Keys offered at $204,900
• 489 Tahoe Keys Blvd- 2 bedroom, 1.5 bath, 1 car garage, 1014 square foot condo in the Tahoe Keys offered at $299,900
• 477 Lido- 4 bedroom, 2 bath, 2 car garage, 2755 square foot foreclosure in the Tahoe Keys
• In Escrow! 977 Edgewood Cir- 2 bedroom, 2 bath, 2 car garage, 1247 sq. foot home offered for $224,900
• 3682 Alder Ave- 2 bedroom, 1 bath, 572 sq. foot bank owned cabin offered for $159,900
• 1946 Herbert Ave- 3 bedroom, 2 bath, 3 car garage, 2439 sq. foot unfinished foreclosure offered at $299,000
• 3606 Birch Ave- 3 bedroom, 2 bath, 1166 square foot foreclosed cabin near Heavenly offered at $129,900
• 3235 Marlette Cir- 4 bedroom, 2.5 bath, 2 car garage, 1711 square foot home offered at $248,900
• In Escrow! 884 Kekin St- 3 bedroom, 2 bath, 1728 square foot remodeled home with a carport offered at $269,900
• In Escrow! 3522 South Upper Truckee- 3 bedroom, 2 bath, 2 car garage, 2320 square foot home offered at $299,900
• 1909 Elks Club- 3 bedroom, 2.5 bath, 3 car garage, newer 2926 square foot home offered at $539,900
• 796 Clement- 4 bedroom, 2 bath, 2 car garage, 1800 square foot foreclosure in the Gardner Mountain area offered at $275,700.
• 1840 Shady Ln- 4 bedroom, 2 bath, 1 car garage, 1581 square foot home offered at $354,900
• 1137 Keller Rd- 2 bedroom, 1 bath, 816 square foot foreclosure cabin near Heavenly Valley Ski Resort offered at $199,000
• 3673 David Ln- 6 bedroom, 4 bath, 2 car garage, 2734 square foot foreclosure near Heavenly Valley Ski Resort offered at $535,000
• In Escrow! 2754 Springwood- 3 bedroom, 2 bath, 2 car garage, 1974 square foot home in Highland Woods offered at $319,900
• 1805 Arrowhead- 2 bedroom, 1 bath, 1 car garage, 864 square foot foreclosure in Meyers offered at $224,900
• In Escrow! 2421 Wagon Train Trail- 4 bedroom, 2 bath, 2 car garage, 3426 square foot newer bank owned home in Montgomery Estates offered at $605,000
• 967 Kiowa Dr - 2 bedroom, 1 bath, 912 square foot bank owned cabin off of North Upper Truckee offered at $169,000
• In Escrow! 621 Tehema Dr- 4 bedroom, 2 bath, 2 car garage, 1504 square foot cabin off of North Upper Truckee offered at $256,000
• 550 Lake Tahoe Blvd- 3 bedroom, 1 bath,  1092 square foot home offered at $249,000
• 844 Muskwaki Dr- 5 bedroom, 3.5 bath, 2 car garage, 4475 square foot newer foreclosure offered at $866,000
• 1590 Miztec St- 6 bedroom, 5 bath, 2 car garage, 4015 square foot home with an indoor pool offered at $873,000
• 2600 Kubel- 2 bedroom, 1 bath, 852 square foot cabin in the Sierra Tract offered at $109,000
• 1041 River- 3 bedroom, 1 bath, 810 square foot cabin offered at $129,900
• 1242 Lodi- 3 bedroom, 2 bath, 1092 square foot foreclosure offered at $199,900
• 1091 Aspenwald Rd- 3 bedroom, 1.75 bath,, 1 car garage, 1260 square foot home offered at $189,000
• 2204 Dunlap Dr- 3 bedroom, 2 bath, 2 car garage, 1288 square foot home offered at $229,900
• 1858 Venice Dr- 5 bedroom, 3 bath, 2 car garage, 2456 square foot foreclosure in the Tahoe Keys offered at $398,900.
• 2019 Garmish Ct- 4 bedroom, 2.5 bath, 2 car garage, 2584 square foot foreclosure in the Tahoe Keys offered at $685,000
• 2042 Aloha Dr- 3 bedroom, 3 bath, 2 car garage, 2457 square foot foreclosure in the Tahoe Keys offered at $675,900
• 1523 Plumas Cir- 3 bedroom, 1 bath, 1292 square foot cabin in the Tahoe Paradise area offered at $224,900
• 1617 Oglala- 3 bedroom, 3 bath, 2 car garage, 2114 square foot newer home offered at $364,900
• In Escrow ! 833 Modesto- 3 bedroom, 2 bath, 1686 square foot foreclosure in Al Tahoe offered at $239,900
• In Esceow! 1592 Allen Rae- 4 bedroom, 3 bath, 2 car garage, 1847 foreclosure offered at $237,900
• In Escrow! 3394 Red Lake Rd- 3 bedroom, 2 bath, 2 car garage, 1681 square foot home offered at $239,800
• In Escrow! 2324 Alice Lake Rd- 3 bedroom, 2 bath, 2 car garage, 1630 square foot foreclosure in Montgomery Estates offered at $324,900
• In Escrow! 1778 Kickapoo 3 bedroom, 1 bath, 1 car garage, 1340 square foot cabin off of North Upper Truckee offered at $259,900
• In Escrow! 918 Forest Mountain- 5 bedroom, 4 bath, 2 car garage, 3247 square foot home offered at $499,000
• In Escrow! 2560 Pinter- 3 bedroom, 2 bath, 1274 square foot home in the Sierra Tract offered at $145,000
• In Escrow! 1071 Reno- 2 bedroom, 1 bath, 864 square foot foreclosure in the Sierra Tract offered at $149,900
• In Escrow! 1040 River Drive- 3 bedroom, 2 bath, 2 car garage, 1656 square foot home offered at $219,900
• In Escrow! 2171 Royal- 2 bedroom, 2 bath, 1 car garage, 1420 square foot home in Tahoe Island Drive offered at $199,900
• In Escrow! 2058 Lukins Ave- 3 bedroom, 2.5 bath, 2 car garage, 1882 square foot newer home offered at $359,900
• In Escrow! 1884 Blackfoot Rd- 4 bedroom, 3 bath, 3 car garage newer 3558 square foot home in the Tahoe Paradise Area offered at $584,800

New Foreclosure Listing in Lakeland Village

3535 Lake Tahoe Blvd. #229 in Lakeland Village

Do not miss out on this great opportunity to purchase a bank owned foreclosure in Lakeland Village! This one bedroom, one bathroom, 607 square foot suite has been remodeled and needs only appliances to be the perfect Lake Tahoe getaway. Some of the great features of this property include granite countertops, newer wood cabinets, and custom tile.  Lakeland Village offers a private beach, pool, hot tub, tennis courts, a pier and much more!

• 607 square feet
• 1 bedroom and 1 bathroom
• Pool
• Spa
• Private Beach
• Tennis Courts
• Pier
• On site maintenance and property management

For more information about this U.S. Bank owned listing, please call South Lake Tahoe real estate agent Brent Johnson today! This property is being sold in As Is Condition, U.S. Bank is making no representations or warranties.

South Tahoe Foreclosure Listing

Just Reduced to $192,500!!!

 

3814 Steven Lane is a nice and clean bank owned foreclosure in South Tahoe. This 3 bedroom, 1 bath, 1 car garage is located very close to the Stateline Casinos and Heavenly Valley Ski Resort. With easy access to Pioneer Trail, this would make a great home for a first time home buyer and a great second home. There appears to be newer doors, carpets, water heater, and furnace.

Recently reduced from $224,900, this is one of the least expensive bank owned properties on the South Shore of Lake Tahoe. This house will not last long!

 

• 1008 Square feet
• 5012 Square foot lot
• Built in 1961
• 3 bedroom, 1 bath, 1 car garage
• Brick fireplace
• Convenient location!

 

If you would like more information regarding this home for sale or any other home listed on the South Tahoe MLS please call South Lake Tahoe real estate agent Brent Johnson today!

South Lake Tahoe Foreclosure News

Foreclosures in South Lake Tahoe still seem to be the target for investors, speculators, and home buyers looking for good deals. There are currently 49 foreclosures listed on the South Lake Tahoe MLS and 26 of them are currently in escrow. Out of the 56 homes sold so far this year on the South Lake Tahoe MLS, 22 were bank owned foreclosures. With the recent steady incoming inventory of foreclosures, buyers have been ignoring most of the non-distress sale listings.

DIstress sales (foreclosures and short sales) currently account for 74 of the 104 single family homes that are currently in escrow. There may be some relief in sight for the non-distress sellers. According to the Mortgage Bankers Association the end of the foreclosure crisis may be near.

 ”The continued and sizable drop in the 30-day delinquency rate is a concrete sign that the end may be in sight,” says Jay Brinkmann, MBA’s chief economist, in a published statement.

Brinkmann said that normally there is a large spike in short-term mortgage delinquencies at the end of the year because of high heating bills and holiday expenditures. This year, there was not only no spike, but the 30-day delinquency rate actually fell from 3.79 percent to 3.63 percent.

Thirty-day delinquencies have historically been a leading indicator of serious delinquencies and foreclosures, Brinkmann said.

“[This] gives us growing confidence that the size of the problem now is about as bad as it will get,” he said.

The decrease in the delinquency rate is not the only sign that the foreclosure crises in ending. According to an article in The Wall Street Journal by James R. Hagerty (02/23/2010), home buyers that are looking for a steal on a foreclosure is not as easy as it used to be.

 ”Home buyers hoping to snag a really good deal on a foreclosed home are finding it increasingly difficult because supply is shrinking.

The number of foreclosures that are available for sale nationwide fell to 617,000 in December, down from 845,000 in November 2008, reports Barclays Capital.

Not only have attractive homes in popular neighborhoods already been snapped up, but also government help for distressed buyers is delaying more foreclosures.

Demand is driving up prices. Investors say typical prices have climbed from 75 percent of appraised value to 85 percent or higher when there are bidding wars.”

Home buyers in South Lake Tahoe are also finding that it is more difficult to find a bargon on an under priced foreclosure. In most cases, the foreclosures that have been listed on the South Lake Tahoe MLS are attracting multiple offers. Many buyers are getting beaten out of deals 3 or more times before they are able to purchase a foreclosure. If the inventory of foreclosure listings follows the decrease in delinquencies, it will only get tougher to find a steal on a foreclosure.

South Lake Tahoe Real Estate Market Update

Here are the latest statistics for the South Lake Tahoe real estate market as of February 11, 2010.

Currently there are 388 single family house listings on the South Lake Tahoe MLS. 300 of the homes are active and 88 are active pending. With 23% of our housing inventory in escrow, the market is continuing to be very active.

Short sales account for 20% of the single family home inventory in South Lake Tahoe. There are 77 short sales listed on the South Lake Tahoe MLS and 43 of them are currently in escrow. Many of the short sales that are currently in escrow have been in escrow for a long time. The median days on the market for the short sales that are in escrow is 170.

Foreclosures account for 12% of the single family home inventory on the South Lake Tahoe MLS. There are 46 foreclosures listed on the South Lake Tahoe MLS and 22 of them are in escrow.

With 43 short sales and 22 foreclosures in escrow, 65 of the houses in escrow are now distress sales. Having 74% of our current escrows being distress sales is not good news for regular sellers. For more information regarding South Lake Tahoe real estate statistics, please call Brent Johnson today!

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