South Tahoe Real Estate Statistics for December 2010

December ended up being a solid month in terms of closings for the South Lake Tahoe Real Estate Market. There were 40 single family homes (not including condos) that were sold on the South Lake Tahoe MLS. Although the average price per square foot dropped below $200 per square foot, both the average and median sales prices were up from November.

South Lake Tahoe MLS Statistics

• There were 40 single family homes in South Tahoe that were sold in December, up from 38 sold homes in November and down from 49 sold homes in December 2009.
• There were 24 distress sales in December. 17 of the sales were bank owned foreclosures and 6 were short sales. 60% of the homes sold were distress sales, up from 53% in November and up from 43% in December 2009.
• The average sales price for the sold  South Tahoe Homes was $404,998, this is up from $362,943 in November and down from $469,281 in December 2009.
• The median sales price was $332,000, up from $291,250 in November and down from $343,000 in December 2009.
• The average price per square foot was $192 which was down from November when it was $212. The price per square foot was also down from December 2009 when it was $220.

There were 5 Tahoe Keys Homes that were sold in December. The houses in the Tahoe Keys that sold had an average price per square foot of $276. The median sales price was $625,000 and the average sales price was $812,500.  Only one of the sold Tahoe Keys homes was a foreclosure, none were short sales.

South Tahoe Real Estate in October

The South Lake Tahoe real estate market typically begins to slow down in the late fall and into the winter. There has been a trend of slowing sales, but buyer activity is still quite active for this time of year. There were 45 houses sold in October on the South Lake Tahoe MLS. Although the number of sales is down from 61 in August, it is not far off from the 53 houses that sold in July.

Distress sales accounted for 15 of the 45 houses that were sold. 5 of the distress sales were short sales and 10 were bank owned foreclosures. The bank owned foreclosures that sold in October sold for a very low price per square foot of $154. With the exception of two newer foreclosures, the bank owned properties that sold in October were in poor condition and needed work..

South Lake Tahoe MLS Statistics for October 2010

• There were 45 houses that sold in October on the South Lake Tahoe MLS, this is down from the 61 houses that were sold in September.
• 10 of the houses that were sold were bank owned foreclosures and 5 were short sales.
• The median sales price of the sold homes was $297,000, down from $330,500 in September.
• The average sales price of the sold homes was $357,263, down from $445,254 in September.
• The average days on the market was 143 and the median days on the market was 115.
• The average price per square foot of the houses that were sold was $201, down from $219 in September.
• The percentage of distress sales that were sold was 33%, up slightly from 28% in September.

The current inventory of houses available on the South Lake Tahoe MLS in the city and county is 443. 356 of the houses are active, and 87 are active pending. Of the current inventory, 41 are bank owned foreclosures. 23 of the foreclosures are active and 18 are in escrow. There are 84 short sales currently on the market. 41 of the short sales are active and 43 of them are in escrow.

In looking at the current inventory of pending houses, 62 of the 87 houses are distress sales. That puts the percentage of distress sales to regular sales that are in escrow at over 71%. Hopefully we can get some of these short sales closed and that percentage will go down.

South Lake Tahoe Foreclosures For Sale

Updated on 3/25/11

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 55 single family foreclosure listings and 24 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.

• 2305 Blitzen Rd.- 3 bedroom, 2 bath, 2098 square foot home in Christmas Valley offered at $384,500.
• 2616 Henderson St.- 4 bedroom, 3 bath, 2 car garage newer 2206 square foot home in Christmas Valley offered at $458,900.
• 918 Julie Lane-3 bedroom, 1.75 bath, 1568 square foot fixer offered at $142,900.
• 943 Lodi Ave- 3 bedroom, 2 bath, 1200 square foot home offered at $184,900.
• 937 San Jose Ave 1-3- Tri-plex in Al Tahoe offered at $223,900.
• 3601 Shirley Ave.- 2 bedroom, 2 bath, 984 square foot duplex offered at $134,000.
• 1482 Black Bart Ave.- 2 bedroom, 1.75 bath, 1088 square foot cabin on a large lot offered at $120,000.
• 1439 Ski Run Blvd. #C4- 2 bedroom, 1.5 bath, 1016 square foot condo near Heavenly Valley offered at $229,900.
• In Escrow! 1344 Gilmore Lake Rd.- 3 bedroom, 2 bath, 1485 square foot home on a large lot offered at $256,000.
• In Escrow! 1626 Plateau Circle- 4 bedroom, 2 bath, 2 car garage, 1680 square foot Montgomery Estates foreclosure offered at $319,000.
• In Escrow! 1911 Ibache St- 3 bedroom, 2.75 bath, 2 car garage, 2067 square foot newer home offered at $415,140.
• In Escrow! 766 Gardner- 3 bedroom, 2.5 bath, 2 car garage, 1942 square foot newer home offered at $345,780.
• 1444 Matheson- 3 bedroom, 2 bath, 1856 square foot home offered at $219,900.
• 807 Patricia Lane- 3 bedroom, 1 bath, 2 car garage, 1667 square foot home offered at $219,900.
• In Escrow! 1961 Kokanee- 4 bedroom, 3 bath, 2 car garage, 2755 square foot foreclosure in the Tahoe Keys area offered at $758,500.
• 483 Lido- 3 bedroom, 2.5 bath, 2 car garage, 2270 square foot REO in the Tahoe Keys offered at $775,200.
• In Escrow! 2500 Clipper St.- 3 bedroom, 2.5 bath, 2832 square foot bank owned listing in Montgomery Estates offered at $369,900.
• In Escrow! 2677 Genoa Ave- 1 bedroom, 1 bath, 749 square foot cabin offered at $117,500.
• In Escrow! 1038 Cheyenne Dr.- 3 bedroom, 2 bath, 1202 square foot bank owned property offered at $189,900.
• In Escrow! 1226 Reno- 2 bedroom, 1 bath, 972 square foot REO offered at $109,900.
• In Escrow! 1685 Venice Drive- 3 bedroom, 3 bath, 2 car garage, 1905 square foot foreclosure in the Tahoe Keys offered at $531,300.
•  1247 Tata Ln.-3 bedroom, 2 bath, 110o square foot home offered at $189,900.
• 3107 Easy Street- 3 bedroom, 2 bath, 12oo square foot home offered at $197,950.
• 643 Grizzly Mountain- 2 bedroom, 1 bath, North Upper Truckee home offered at $184,900.
•  1254 Margaret- Newer 4 bedroom, 2.5 bath, 2 car garage, 1960 square foot home offered at $319,900.
• In Escrow! 799 Tata Ln- 3 bedroom, 2 bath, 1260 square foot foreclosure in the Gardner Mountain area offered at $189,000.
• In Escrow! 690 Sand Harbor- 3 bedroom, 2 bath, 1452 square foot foreclosure offered at $205,000.
• 1977 Washoe St.- 3 bedroom, 1.75 Bath, 1292 square foot bank owned listing in Meyers offered at $194,900.
• 3682 Alder- 2 bedroom, 1 bath, 572 square foot cabin offered at $119,900.
• 3463 Anne- 3 bedroom, 3 bathroom, 2 car garage, 1995 square foot foreclosure offered at $249,900.
• In Escrow! 1113 Dedi- 3 bedroom, 1.75 bath, 1612 square foot foreclosure in the Y area offered at $144,900.
• 3773 Larch Ave- Triplex with a one car garage. One unit is a 4 bedroom 1 bath. This 3376 square foot triplex is offered at $194,900.
• 2009 Washoe St.- 3 bedroom, 2 bath, 2 car garage newer 2334 square foot home in Meyers offered at $349,809.
• 2505 Chris Ave.- 2 bedroom, 1 bath, 864 square foot foreclosure in the Sierra Tract offered at $165,000. 
• In Escrow! 3309 Woodland- 3 bedroom, 2.25 bath, 1919 square foot REO offered at $269,000.
• 1113 Dedi Ave- 3 bedroom, 1.75 bath, 1612 square foot foreclosure offered at $144,900.
• 728 Glorene Ave- Two cabins on one lot. One is 846 square feet and the other is 1394 square feet offered at $229,500.
• In Escrow! 1184 Acoma- 3 bedroom, 2 bath, 2 car garage, 2407 square foot, newer home on a big lot offered at $453,900.
• In Escrow! 7094 7th Street- 3 bedroom, 1.75 bath, 1166 square foot home in Tahoma on the West Shore of Lake Tahoe offered at $243,400.
• 311 Agatam Ave- 4 bedroom, 3.5 bath, newer 3488 square foot home in Tahoe Vista offered at $745,646.
• In Escrow! 3535 Lake Tahoe Blvd #495- 2 bedroom, 1.5 bath, 1447 square foot condo in Lakeland Village offered at $279,900.
• In Escrow! 2689 Kubel Ave.- 792 square foot, 2 bedroom, 1 bath bank owned listing in the Sierra Tract area offered at $141,000.
• 2616 Kubel Ave.- 1363 square foot, 3 bathroom, 2 bath, 1 car garage home offered at $177,500.
• In Escrow! 2328 Wagon Train Trail- 3528 square foot, 5 bedroom, 3.5 bath newer foreclosure in Montgomery Estates offered at $625,000.
• In Escrow! 1512 Murietta Dr1ve- 1530 square foot, 4 bedroom, 2 bath home offered at $234,900.
• In Escrow! 1532 Walkup Road- 1260 square foot, 3 bedroom, 2 bath foreclosure offered at $189,900.
• 1285 Pyramid- Vacant lot in the Angora Fire area. This is a 14,832 square foot lot offered at $99,900.
• In Escrow! 2581 Fountain- 3008 square foot newer, 3 bedroom, 2.5 bath home in the Sierra Tract offered at $414,900.
• In Escrow! 313 Tramway Drive- 880 square foot, 2 bedroom, 2 bath condo on the Nevada side with great lakeviews offered at $190,000.
• In Escrow! 863 Los Angeles- 1218 square foot, 3 bedroom, 2 bathroom fixer upper in Al Tahoe offered at $139,000.
• In Escrow! 1154 Margaret- 578 square foot, 2 bedroom, 1 bath foreclosure offered at $99,900.
• In Escrow! 2654 Armstrong Ave. 864 square foot, 2 bedroom, 1 bath cabin in the Sierra Tract offered at $108,000
• In Escrow! 2695 Elwood Ave.- 960 square foot, 1 bedroom, 1.5 bath home in the Sierra Tract offered at $162,900.
• In Escrow! 806 San Francisco Ave.- 1680 square foot, 4 bedroom, 2 bath home in Al Tahoe offered at $304,900.
• 729 Sand Harbor Rd.- 2961 square foot, 4 bedroom, 3 bath, 2 car garage newer home in the Gardner Mountain area offered at $512,900.
• In Escrow! 1321 Acoma- 864 square foot, 2 bedroom, 1 batn, 1 car garage foreclosure in the county offered at $198,500.
• In Escrow! 2692 Elwood- 912 square foot, 2 bedroom, 1 bath foreclosure in the Sierra Tract offered at $164,000.
• 1105 Charles- 1215 square foot, 3 bedroom, 2 bath, bank owned property in the Sierra Tract offered at $199,000.
•  1897 Delta St.- 1050 square foot, 3 bedroom, 2 bath home in the Y area offered at $122,500.
• 844 Muskwaki Drive-4475 square foot, 5 bedroom, 3.5 bath, 2 car garage newer foreclosure offered at $729,200.
• 2621 Elwood Ave- 971 square foot duplex in the Sierra Tract offered at $139,900.
• 3371 Lake Tahoe Blvd. #6-C- Quarter Share of a 3327 square foot, 4 bedroom, 4 bathroom condo offered at $419,990.
• In Escrow! 1961 Kokanee Way- 2755 square foot, 4 bedroom, 3 bath, 2 car garage foreclosure in the Tahoe Keys offered at $777,900.
• 1098 Tata Lane- 2645 square foot, 5 bedroom, 3 bath, 2 car garage bank owned property offered at $404,500.
•  In Escrow! 1811 Arrowhead-1560 square foot, 3 bedroom, 2.5 bath REO in Meyers offered at $318,500.
• 1030 Carson- 1348 square foot, 3 bedroom, 2 bath, bank owned property in the Sierra Tract offered at $221,901.
• In Escrow! 3221 Marlette Circle- 1838 square foot foreclolsure in Bijou offered at $199,900.
• In Escrow! 1769 Shady Lane- 1443 square foot, 3 bedroom, 2 bath foreclosure in Gardner Mountain offered at $244,900.
• In Escrow! 1297 Angora Lake Rd- 840 square foot, 1 bedroom, 1 bathroom, un-finished remodel offered at $125,900.
•  In Escrow! 1041 River- 810 square foot, 3 bedroom, 1 bath foreclosure in the Sierra Tract offered at $129,900
• In Escrow! 1032 Carson- 999 square foot, 2 bedroom, 1 bath foreclosure in the Sierra Tract offered at $144,900
• In Escrow! 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
• In Escrow! 3535 Lake Tahoe Blvd- 1 bedroom, 1 bathroom condo in Lakeland Village offered at $172,000
• In Escrow! 489 Tahoe Keys Blvd- 2 bedroom, 1.5 bath, 1 car garage, 1014 square foot condo in the Tahoe Keys offered at $299,900
• In Escrow! 477 Lido- 4 bedroom, 2 bath, 2 car garage, 2755 square foot foreclosure in the Tahoe Keys offered at $599,900
• 3682 Alder Ave- 2 bedroom, 1 bath, 572 sq. foot bank owned cabin offered for $149,900.
• In Escrow! 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! 796 Clement- 4 bedroom, 2 bath, 2 car garage, 1800 square foot foreclosure in the Gardner Mountain area offered at $233,000.
• In Escrow! 1840 Shady Ln- 4 bedroom, 2 bath, 1 car garage, 1581 square foot home offered at $274,900
• In Escrow! 1137 Keller Rd- 2 bedroom, 1 bath, 816 square foot foreclosure cabin near Heavenly Valley Ski Resort offered at $175,000
• In Escrow! 2754 Springwood- 3 bedroom, 2 bath, 2 car garage, 1974 square foot home in Highland Woods offered at $319,900
• In Escrow! 1805 Arrowhead- 2 bedroom, 1 bath, 1 car garage, 864 square foot foreclosure in Meyers offered at $174,900
• In Escrow! 967 Kiowa Dr - 2 bedroom, 1 bath, 912 square foot bank owned cabin off of North Upper Truckee offered at $149,625
• In Escrow! 2019 Garmish Ct- 4 bedroom, 2.5 bath, 2 car garage, 2584 square foot foreclosure in the Tahoe Keys offered at $610,000

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!