Camp Richardson

The Camp Richardson area is one of the most sought after locations for Luxury  and Lakefront Real Estate in South Lake Tahoe. The Camp Richardson area is an unincorporated area in El Dorado County about 2.5 miles north of the Y on Highway 89. The Camp Richardson area is also known as the Jameson Beach area,  because all 41 properties in the area are located on Jamison Beach Road.

All of the 41 properties in the Camp Richardson area are either lakefront or meadow front properties with views. The properties on the lakeside have amazingsandy beaches that lead to the emerald waters of Lake Tahoe. The meadow front properties are steps from the lake and have fabulous meadow and mountain views. The Camp Richardson area homes are priced from $2,000,000 and up.

The Camp Richardson area offers a very secluded and peaceful setting that is only a couple miles from the town of South Lake Tahoe.  Just north of Jamison Beach road is  Camp Richardson Resort which has a full service marina, lodging, activities, and the Beacon Bar and Grill.

Camp Richardson is a must see area for any buyers looking for Lakefront Real Estate

Banks to Resume Foreclosing on Delinquent Homeowners Again

After a nationwide freeze on foreclosures, Bank of America and GMAC have resumed foreclosing on delinquent homeowners again. Bank of America and many other lending institutions had recently halted foreclosures due to controversy over problematic documents.

 According to The New York Times, Bank of America confirmed that it did discover errors in some foreclosure filings. The errors were called “tiny” and they did not find a single case where a homeowner was facing foreclosure in error.

According to Barbara J. Desoer, president of Bank Of America Home Loans, “We did a thorough review of the process, and we found the facts underlying the decision to foreclose have been accurate. We paused while we were doing that, and now we’re moving forward.”

I am not sure what effect that the temporary halt on foreclosures will have on the South Lake Tahoe real estate market, but it should be minimal. Our market is not saturated with foreclosures like many other areas are, only 42 of the 462 single family houses listed on the South Tahoe mls are bank owned foreclosures. I think that the temporary foreclosure freeze was short enough that the impact will be minimal.

Tahoe Keys Real Estate Update

The inventory of homes for sale in the Tahoe Keys area of South Lake Tahoe has gone down a bit since last year, but there are still some great houses to choose from. Currently there are 51 houses in the Tahoe Keys listed on the South Lake Tahoe MLS. There are 42 active Keys listings and 9 active pending listings. In September 2009 the inventory was up to 70 total listings with 13 houses in escrow.

The majority of Tahoe Keys homes for sale are currently priced under $1,000,000. 27 out of the 42 active Keys houses are priced under $1,000,000.  8 out of the 9 houses that are in escrow are also priced under $1,000,000.

Distress sales account for 6 out of the 9 houses that are in escrow in the Tahoe Keys. There are 5 short sales and 1 foreclosure currently in escrow. The ratio of distress sales to regular sales in the Tahoe Keys is almost the same as it is in the rest of South Lake Tahoe. There are 105 houses in escrow in South Lake Tahoe and 68% of them are either short sales or foreclosures (67% distress sales in the Tahoe Keys).

So far in 2010 there have been 5 houses in the Tahoe Keys that have been sold on the South Lake Tahoe MLS. The average sales price was $798,000 and the median sales price was $750,000. The average price per square foot was $366. Only one of the houses sold was a foreclosure, and no short sales have closed escrow in the Keys so far this year.

My listing on 2213 Texas is a great example of one of the great houses to choose from in the Tahoe Keys. 2213 Texas is a recently remodeled 1440 square foot, 3 bedroom, 2 bath, 2 car garage home offered at $482,000. This is a great opportunity to own a waterfront home for under $500,000! For more information about this house or other homes for sale in the Tahoe Keys, please call Brent Johnson.

Bank Owned Property in South Lake Tahoe on a 43,007 Square Foot Lot!

If you are looking for a project, this new foreclosure listing in South Lake Tahoe is a great opportunity. 1607 Miztec is a 2556 square foot home at the end of a very quiet street on almost an acre. This county home has private setting surrounded by open land and tall pines. A remodel has been started on this home that was built in 1974 and all sheet rock has been removed. Here is your chance to purchase a one of a kind setting in South Lake Tahoe. This bank owned property is to be sold in as is condition. There is a ton of possibilities for this bank owned foreclosure listing!

1607 Miztec Offered at $295,000!

• 2556 square foot “Project” home
• 43,007 square foot lot
• 4 bedroom, 3 bath, 2 car garage
• Bank Owned Foreclosure Listing in South Lake Tahoe
• Endless possibilities!!!

Here is a complete list of all current foreclosures for sale in South Lake Tahoe. For more information regarding foreclosures in South Lake Tahoe or South Lake Tahoe real estate, please call Brent and Jill Johnson at (530) 416-2625 today!

South Tahoe Homes Statistics Sold in October

Residential
	2- Bedrooms	3 Bedrooms	4 Bedrooms	5+ Bedrooms	All Bedrooms
Active
#Units	0	0	0	0	0
Average List Price	$0	$0	$0	$0	$0
Average Market Time	0	0	0	0	0
Average Square Feet	0	0	0	0	0
All Off Market
#Units	11	30	8	2	51
Pending
#Units	0	0	0	0	0
Average List Price	$0	$0	$0	$0	$0
Average Market Time	0	0	0	0	0
Average Square Feet	0	0	0	0	0
Sold
#Units	11	30	8	2	51
Dollar Value	$2,875,040	$14,877,500	$5,644,500	$1,921,529	$25,318,569
Average List Price	$275,464	$518,352	$736,800	$1,270,000	$529,707
Average Sold Price	$261,367	$495,917	$705,563	$960,765	$496,443
Average Market Time	148	126	167	464	150
Average Square Feet	1019	1793	2599	3512	1820
% of List Price	94.88	95.67	95.76	75.65	93.72
Not Pending or Sold
#Units	0	0	0	0	0
Average List Price	$0	$0	$0	$0	$0
Average Square Feet	0	0	0	0	0

Listings per Status

Minimum, Average, Maximum

Days On Market Analysis