Stateline

The Stateline area on the California side is one of the most convenient locations in South Lake Tahoe Real Estate. It is the location that draws most buyers to this area. The Stateline area is the closest area to the Casinos out of all of the areas on the South Lake Tahoe mls. Heavenly Valley Ski Resort can also be accessed from Stateline by the gondola at the Heavenly Village.

The houses in the Stateline area are very diverse. Most of the houses on the South side of Highway 50 are older and smaller cabins with some remodels. The prices for these cabins usually run from $250,000 to $400,000.  The houses on the North side of Highway 50 can vary from smaller cabins to multi-million dollar lake front homes. The area between the Lake Side Marina and Highway 50 is known as the Lakeside subdivision, and offers private beach access passes with home ownership. just West of the Lakeside subdivision is Tahoe Meadows. Tahoe Meadows is a private gated community with lake view and lake front homes. The Tahoe Meadows area is one of the most sought after areas in South Lake Tahoe.

The Stateline area makes an ideal location for a second home buyer, or an investor looking for  vacation rental property. If you are looking at homes in South Lake Tahoe, make sure to include the Stateline area.

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!

Short Sales in South Lake Tahoe

With more and more short sale listings on the South Lake Tahoe mls, it is very important to work with an agent that is experienced in short sales. There is a lot of information and time required in order to get a short sale escrow closed. With lenders now willing to negotiate short sales and loan modifications more consistently, foreclosure listings should decrease. With the decrease in foreclosure listings in South Lake Tahoe, buyers looking for deals on houses will need to shift their attention to short sales.

I will be attending another class on short sales on March 17th, and I will be sure to write about what I learn from this valuable class. I currently have two short sale escrows, one of which has been accepted by the lender, and one that is still in negotiations. I also have a short sale listing that has been getting a lot of activity. Over half of the current escrows on the South Lake Tahoe mls are either foreclosures or short sales.

There are still a lot of real estate agents out there that have not had any experience in short sales and are not taking the time to become educated about the process. It would be a mistake to list your home with one of those agents. Time is of the essence when it comes to short sales and if the listing agent does not understand the process, there is a chance that the lender will just close the file and foreclose on the home.

Working as a buyers agent on a short sale deal can be very frustrating because you are basically on the sideline and can only hope that the listing agent is doing everything that they should be doing to communicate with the lender. There are a lot of tricks and techniques that a knowledgeable short sale agent can apply in order to get a quicker response from the lender.

I look forward to sharing all of the short sale information that I learn from this short sale class next week. I will be writing a lot about short sales in the future because short sales are turning into a huge market share. All of the  buyers, sellers, and agents who are not educating themselves about short sales are missing the boat!

If you would like to know more about short sales in South Lake Tahoe, South Lake Tahoe real estate, or foreclosures on the South Lake Tahoe mls, please contact Brent and Jill Johnson!

South Lake Tahoe Foreclosure Listing

Foreclosures in South Lake Tahoe are still keeping the attention of home buyers seeking deals. 2691 Genoa is a recent foreclosure that is listed for $189,900. Before being foreclosed on, this house was listed for $275,000 and then reduced to $200,000 as a short sale.

2691 Genoa Ave.

• 2 bedrooms and 1.5 baths
• Convenient in town location
• 768 square feet
• 7700 square foot lot
• Potential to add bedrooms and a bathroom in the un-finished attic

Although home prices are down, many foreclosure listings and short sale listings in South Lake Tahoe are selling quickly and receiving multiple offers. If you are interested in purchasing a short sale or a foreclosure listing in South Lake Tahoe, make sure that you visit my current foreclosure listings in South Lake Tahoe link daily. I update the foreclosure list daily with any new listings, price reductions, and pending sales.

For more information regarding foreclosures in South Lake Tahoe, the South Lake Tahoe real estate market, or properties on the South Lake Tahoe mls, please contact Brent and Jill Johnson today! Thanks for reading my South Lake Tahoe real estate blog!