Houses for sale in South Lake Tahoe, Black Bart Area

The Black Bart area in South Lake Tahoe is located between the Sierra Tract and Pioneer Trail. Black Bart is a very small area, and has less than 200 homes. There  are currently only 5 houses for sale on the South Lake Tahoe MLS in the Black Bart area.

 

Black Bart connects Sierra Blvd. to Pioneer trail, so houses in the Black Bart area have easy access to either of Tahoe’s major roads, Hwy 50 and Pioneer trail. The central location of the Black Bart area also

 provides quick access to Heavenly Valley, the casinos, and South Lake Tahoe’s great beaches.

On the South Side of Black Bart is Lake Christopher and Trout Creek meadow. Houses located on the meadow can have great meadow and mountain views. On the north side of Black Bart is another meadow, and the South Lake Tahoe Public Utility District plant. Some of the houses on the north side of Black Bart may view the plant, which will affect the homes value. Many of the houses in the Black Bart area are amongst large pine trees, neighbor other homes, and offer a peaceful setting.

Houses in the Black Bart area range from small cabins to newer and remodeled homes. The prices currently range from $200,000 to $700,000, and the average is around $400,000. There were only two houses that sold in 2008 in the Black Bart area, so the statistics do not mean much, but I will give them anyways.

• In 2008 there were 2 houses sold (down from 5 in 2007)
• The median sales price was $452,250 (up from $375,000 in 2007)
• The average price per square foot was $266
• The median days on the market was 94 days (down from 159 in 2007)

Currently there are 5 houses listed in the Black Bart area on the South Lake Tahoe mls. Out of the 5 houses for sale, 2 are in escrow. One of the houses in escrow is a short sale, and one is a foreclosure.

• The current average list price is $440,780
• The current median list price is $519,900
• The average price per square foot is $243
• The average days on the market for the current listings is 97

If you are looking at purchasing real estate in South Lake Tahoe, make sure that you include the Black Bart area in your search. If you can find a house for sale on the meadow or if you are a first time home buyer looking for a starter home or a great deal on a foreclosure for sale in South Lake Tahoe, this is a great area.

Here are some pictures of houses in the Black Bart area from the South Lake Tahoe MLS.

                                                                                  

This South Lake Tahoe Real Estate blog post was written by Brent Johnson. For more information about houses for sale in South Lake Tahoe, the South Lake Tahoe mls, or how you can get a great deal on a foreclosure for sale in South Lake Tahoe, contact Brent and Jill Johnson today!

Houses for Sale in South Lake Tahoe- 1215 Margaret Street

Just listed on the South Lake Tahoe MLS!  

 

                                             1215 Margaret Street $289,000

This is the perfect starter home and has been recently remodeled. The kitchen has new cabinets, appliances and counter tops. New interior paint, tile floors, and double pane windows. Large fully fenced back yard with a double gate for additional boat/RV parking. The front yard has a covered porch and is fully landscaped. Ready to be moved into! Compare this cute home with all of the other houses for sale in South Lake Tahoe!

• 2 Bedrooms, 1 bath, 1 car garage
• Double pane windows
• New interior paint
• Newer wood cabinets
• Fully fenced yard

                                                                    

 

If you are looking at houses for sale in South Lake Tahoe, this little guy is a must see! This South Lake Tahoe Real Estate listing was provided by Brent and Jill Johnson, your South Lake Tahoe Real Estate professionals. For any questions about South Lake Tahoe real estate, the South Lake Tahoe mls, or foreclosures for sale in South Lake Tahoe, contact us today!

 

 

 

 

 

South Lake Tahoe Real Estate Blog “House Passes Stimulus Bill”

The $819 Billion dollar stimulus package was passed by the U.S. House of Representatives last week. What will it mean for the South Lake Tahoe real estate maket if the Senate Approves the bill?

• The current Fannie Mae, Freddie Mac, and FHA loan limits would be prevented from going down, but would be able to increase. This would only be in effect until the end of 2009.
• The current $7500 first time home buyer tax credit that was part of the Housing Recovery Act would no longer need to be repaid. The current first time home buyer credit is more like a no-interest loan that needs to be repaid to the government. To qualify for the credit, singles must make less than $75,000 a year for the full credit, of less than $95,000 for a partial credit. Married couples must make less than $150,000 a year for the full credit, or less than $170,000 for a partial credit.
• ???

Yep, That’s about it for the real estate market. Most of the bill goes towards rebuilding schools, health care, repairing highways and bridges, student loan programs, clean water programs, unemployment, and alternative energy programs. Not to say that these areas are not important, but The housing market seems a bit left out.

The proposed stimulus package will cost more than the entire Iraq war! I hope it works!

We should see a small increase of activity by first time home buyers if the Bill goes into effect. I think that South Lake Tahoe home buyers are be more concerned with interest rates and home prices than anything. The foreclosures for sale in South Lake Tahoe are already selling like hot cakes. There are currently 37 foreclosures on the South Lake Tahoe MLS, and 20 of them are in escrow! Interest rates are still low, about 5.1% for a 30 year fixed loan.

Blog post by South Lake Tahoe Real Estate agent Brent Johnson. For more information about houses for sale in South Lake Tahoe, South Lake Tahoe real estate, or the South Lake Tahoe MLS, contact Brent and Jill Johnson today!

Foreclosures in South Lake Tahoe are Keeping the Real Estate Market Alive

Currently there are 279 single family homes in the city and county areas of the South Lake Tahoe MLS. Out of the 279 houses on the market, 36 of them are in escrow (about 13%). 39 of the houses on the market are foreclosures which accounts for 14% of the market share.

Why do I think that foreclosures are keeping the South Lake Tahoe real estate market alive? Out of the 36 houses that are currently in escrow, 17 of them are foreclosures. That means that 47% of our current escrows are foreclosures, which is a lot considering that only 14% of our total single family inventory is foreclosures! That means that only 8% of the total non-foreclosure inventory is in escrow, and 44% of the total foreclosure inventory is in escrow!

Lets compare the foreclosures and non-foreclosures currently on the market.

• The average list price for foreclosures is $325,084, 56% less than the average list price of non-foreclosures which is $751,935.
• The median list price for foreclosures is $297,000, 46% less than the median list price of non-foreclosures which is $555,000.
• The average square footage for foreclosures is 1560 sf., 23% less than the average square footage of non-foreclosures which is 2,028 sf. 
• The median square footage for foreclosures is 1464 sf., 23% less than the median square footage of non-foreclosures which is 1902 sf.

Here is a comparison between the foreclosures and non foreclosures that are currently in escrow.

• Out of the 36 current escrows, 17 are foreclosures.
• The average list price of the foreclosures in escrow is $339,624, 32% less than non-foreclosures which is $492,829.
• The median list price of the foreclosures in escrow is $290,000, 25% less than non-foreclosures which is $389,900.
• The average square footage of the foreclosures in escrow is 1708 sf., 6% less than non-foreclosures which have an average square footage of 1822 sf.
• The median square footage of the foreclosures in escrow is 1536 sf., 5% less than non-foreclosures which have a median square footage of 1616 sf.
• The average days on market for the foreclosures in escrow is 72, 46% less than non-foreclosures that have an average days on market of 133.
• The median days on market for the foreclosures in escrow is 64, 54% less than non-foreclosures that have a median days on market of 140.

If you take away the foreclosures in South Lake Tahoe, we would have only 19 single family escrows, which is why I think that the foreclosures are keeping the South Lake Tahoe Real Estate market alive!

Click here to view a current list of foreclosures in South Lake Tahoe. For more information about real estate in South Lake Tahoe please contact Brent and Jill Johnson today!

Montgomery Estates Real Estate

Montgomery Estates is an area of many upscale homes and is considered one of South Shores premier neighborhoods. Located conveniently off of Pioneer Trail, Montgomery Estates has easy access to  many of the year round attractions that Lake Tahoe has to offer. Montgomery Estates is only a couple of minutes from Heavenly Valley Ski Resort, the casinos, Lake Tahoes sandy beaches, and is surrounded by miles of hiking and biking trails. 

Home prices in Montgomery Estates average in the $600,000 range, and large luxury homes can sell for well over a million dollars. There are some fixer uppers and foreclosures in Montgomery Estates that are priced in the upper $300,000’s.

Some of the geographic features in Montgomery Estates can include mountain views, large lots, lots that back National Forest Service land, lake views, and a beautiful mountain style landscape.

Here are the 2008 sold single family home statistics for Montgomery Estates

• Average sales price $608,675
• Average list price $659,613
• Median sales price $480,000 (down 20% from $600,000 in 2007)
• Average days on market was 148 (down from 150 in 2007)
• Average square feet 2260
• Median square feet 1961
• Houses sold 20 (down from 23 in 2007)
• 4 of the houses sold were foreclosures
• Highest 2008 sale $1,850,000
• Lowest 2008 sale $380,000 (was a short sale)

There are currently 31 houses on the South Lake Tahoe MLS in the Montgomery Estates area. The statistics are as follows:

• 5 of the 31 houses are currently in escrow
• 3 of the current escrows are foreclosures
• Current average list price $618,113 (down 6% from 2008)
• Current median list price $525,000
• Current average square footage 2230
• Current median square footage 2133

Here are some of the houses for sale in Montgomery Estates

                                                             

 

Please contact Brent and Jill Johnson for more information about real estate in Montgomery Estates, Real Estate in South Lake Tahoe, foreclosures in South Lake Tahoe, or the South Lake Tahoe MLS.

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