Sierra Tract Area Real Estate in South Lake Tahoe

The Sierra Tract area offers buyers some of the most affordable homes for sale in South Lake Tahoe. Houses in the Sierra Tract are now priced in the upper $100,000’s for a small cabin or a foreclosure, up to the $600,000’s for a new home. The current median price for a house in the Sierra Tract is $279,000.

The Sierra Tract is located in the center of South Lake Tahoe between the Truckee River and Trout Creek Meadows. The streets that boarder the meadows have great mountain views,

Google Earth Sierra Tract

meadow views, and can back National Forest Land. Most of the houses in the Sierra Tract are situated on 5,000 square foot lots in a “block” style subdivision, and back up to another home.

Weather you are a first time home buyer,  or you are looking for an entry level area to invest in South Lake Tahoe Real Estate, the Sierra Tract is the perfect area. The Sierra Tract has easy access from both Highway 50 and Pioneer Trail which means that you will have no trouble getting to Heavenly Valley, the casinos, or the sandy beaches of Lake Tahoe.

The Sierra Tract also has multi-family properties along with single family homes. There are a few apartment style buildings along Sierra Blvd., and there are also some duplexes scattered around the area.

The Sierra Tract continues to have one of the highest percentages of foreclosures in South Lake Tahoe. Out of the 30 houses that sold in 2008 in the Sierra Tract, 10 were foreclosures. Currently there are 27 houses for sale in the Sierra Tract, 7 of which are foreclosures.

Here are the 2008 single family South Lake Tahoe Real Estate Statistics for the Sierra Tract Area:

• There were 30 houses sold in 2008 (19 houses in 2007)
• 10 of the sold houses were foreclosures
• Median sales price $260,000 (16% less than 2007 which was $309,000)
• Average sales price $306,005
• Median square footage was 1150 sf.
• Average square footage was 1281 sf.
• Median list price of sold houses was $265,125
• Average list price of sold houses was $318,500
• Average days on market was 164 (121 days in 2007)
• Median price per square foot was $226
• Average price per square foot was $239

Currently there are 27 houses for sale in the Sierra Tract on the South Lake Tahoe MLS.

• Current average list price is $329,307
• Current median list price is $279,000
• Current average square footage is 1302
• Current median square footage is 1008
• Current average price per square foot is $252.92

                  Here are some pictures of houses in the Sierra Tract area listed on the South Lake Tahoe MLS.

This South Lake Tahoe Real Estate Blog was posted by Brent Johnson, South Lake Tahoe Realtor. For all of your  South Lake Tahoe Real Estate needs, questions about the South Lake Tahoe MLS, or foreclosures in South Lake Tahoe, please contact me today!

South Lake Tahoe Foreclosure Listing

The latest foreclosure in South Lake Tahoe listing is 1049 Reno Ave. This home is priced at $199,900 bringing the total number of homes on the South Lake Tahoe mls priced under $200,000 to 15. Out of the 15 houses priced under $200,000 six of them are in escrow and six are foreclosures.

1049 Reno

• 889 square feet
• 5000 square foot lot
• 2 bedrooms, 1 bath, 1 car garage
• Storage shed
• Central location
• $199,900!

Currently there are 29 single family foreclosures listed on the South Lake Tahoe mls. Out of the 29 foreclosure listings 11 are in escrow. With only 29 single family foreclosures listed in South Lake Tahoe and 443 single family mls listings, foreclosures only account for 7% or our current inventory.

The current median list price for the foreclosure listings is $284,900

The current median square footage for the foreclosure listings is 1,476

The current median days on market for the foreclosure listings is 66

Here is a list of the current foreclosure listings in South Lake Tahoe. If you have questions about foreclosures in South Lake Tahoe, South Lake Tahoe mls listings, or South Lake Tahoe real estate, please contact Brent and Jill Johnson today!