South Lake Tahoe Real Estate in the Y Area

The “Y Area” in South Lake Tahoe has some of the lowest priced homes for sale in South Lake Tahoe. Houses in the Y Area start at under $200,000 for a small 2 bedroom home, fixer, or a foreclosure. Most of the homes in the Y Area range from $200,000 to $400,000. The houses priced from $200,000 to $400,000 are most likely 2 or 3 bedroom homes in re-modled or original condition. There also have been a few larger and newer homes that have sold over $700,000.

The Y Area is conveniently located where HWY 50 and HWY 89 intersect in South Lake Tahoe. This is a great location for either locals who want to be in town, or for second home owners who would like to be close to most of South Shores amenities. Camp Richardson is only about 5 minutes north on HWY 89, and between the Y and Camp Richardson are South Shores best beaches.

Most of the homes in the Y Area are on flat 5,000 square foot lots and have neighboring homes on all sides of the property. Due to all of the trees in the Y Area, mountain views are rare in this area.

Here are the statistics for the single family home sales in the Y Area beginning in 2005.

In 2005 there were 35 single family homes that sold in the Y Area.

• The average price per square foot was $351
• The median list price was $359,000
• The median selling price was $350,000
• The median square footage was 1,080
• The median days on the market was 91

In 2006 there were 16 single family homes that sold in the Y Area

• The average price per square foot was $305
• The median list price was $391,000
• The median sales price was $371,500
• The median square footage was 1,175
• The median days on the market was 114

in 2007 there were 17 single family homes that sold in the Y Area

• The average price per square foot was $327
• The median list price was $419,000
• The median selling price was $380,000
• The median square footage was 1,283
• The median days on the market was 128

In 2008 there were 15 single family homes that sold in the Y Area

• The average price per square foot was $253 (23% less than in 2007)
• The median list price was $327,950 (22% less than in 2007)
• The median sales price was $317,000 (17% less than in 2007)
• The median square footage was 1,280
• The median days on the market was 161

Out of the 15 homes that sold in 2008, 3 were bank owned foreclosures. Foreclosure listings in South Lake Tahoe became more frequent in 2008, and are now accounting for almost half of the sales on the South Lake Tahoe mls.

2133 Helen was a 3 bedroom, 2 bathroom, 1 car garage foreclosure that needed major repairs. This 1432 square foot foreclosure sold for $175,000.

973 Tata was a 2 bedroom, 1.5 bath 1200 square foot bank owned foreclosure that sold for $220,000

1881 Delta was a 3 bedroom, 1 bath, 1,596 square foot bank owned foreclosure that was located on the meadow.

Here are some photos of other South Lake Tahoe real estate listings that have recently sold in the Y Area:

For affordable Real Estate in South Lake Tahoe, the Y Area is an area that may have the house that you are looking for. Weather you are looking for a starter home or a vacation home in South Lake Tahoe, make sure to take a look in the Y Area.

If you have further questions about South Lake Tahoe real estate you can either add a comment to this blog post or contact Brent and Jill Johnson today! Jill and I are available to assist you with your questions regarding foreclosure listings in South Lake Tahoe, listings on the South Lake Tahoe mls, or anything regarding South Lake Tahoe Real Estate.