South Lake Tahoe Real Estate Deals Under $400,000

Out of the 59 single family listings on the South Lake Tahoe mls priced between $300,000 and $400,000, I have choosen 3 that I think are great values. With most buyers targeting foreclosures in South Lake Tahoe, there are only 2 that are currently available in this price range and they are on my list. Click on the address to see a complete mls listing report.

South Lake Tahoe Real Estate deals under $400,000

776 Panther St, is a bank owned property offered at $324,000. This house has been on the market for 118 days, and was first priced at $369,900. This house is a 2240 square foot, 4 bedroom, 3 bathroom, 1 car garage home in the Gardner Mountain area. The inside of this home has been remodeled by the bank and looks great. The inside is very clean with new carpet, vinyl, and paint. The bedrooms are large, and the master bedroom is huge! This house is a little plain on the inside, but could easily be dressed up. The exterior needs a little work, maybe some paint and deck repairs. At only $145,00 per square foot, this house is priced well below the competition. The average list price per square foot of the other South Lake Tahoe homes between $300,000 and $400,000 is $256.

1286 Mt Rainier is a bank owned foreclosure out in the county on a 31,799 square foot lot. Built in 1983, this 4 bedroom, 3 bathroom, 1 car garage home is priced at $369,900. This house needs a little TLC and is near the Angora Fire area, but is priced well at $186.54 per square foot. This house has been on the market for 38 days now. I would keep an eye on this home, if it does not sell soon I would expect the bank do drop the price. This good deal could end up being a great one.

2177 Harvard is neither a foreclosure or a short sale. This home is my listing, and is a great value. This 3 bedroom, 2 bath, 2 car garage home is located in the Tahoe Island Park area. Completely remodeled on the inside, the floor plan is bright and open. There are granite slab counter tops, Maple cabinets, and tile flooring. This home was voted the South Lake Tahoe mls home of the week priced at $399,950, and is now priced at $379,000! I think that this is one of the best priced city Houses for sale in South Lake Tahoe!

Looking at South Lake Tahoe real estate on the mls or on the Internet can sometimes be deceiving. Houses that look good on the computer screes can just have great pictures, or great homes can have bad pictures. This makes having a real estate agent very important in helping you with your search for real estate in South Lake Tahoe.

If you have any questions regarding any of the houses for sale in South Lake Tahoe  that you have been seeing on the Internet, please call Brent and Jill Johnson today!

South Lake Tahoe Real Estate Deals Under $300,000

There are currently 78 single family houses for sale in South Lake Tahoe priced under $300,000.  Out of those 78 South Tahoe homes, 31 are currently in escrow. I looked through the 47 homes that are still available on the South Lake Tahoe mls, and picked the ones that I felt are the best deals. If you click on the address it will give you the listing details and photos.

1233 Monument is a 3 bedroom, 2 bathroom, 1 car garage home located in the Bijou 1 area. This is a bank owned foreclosure and is in decent shape. It could use some fresh paint, flooring, and some minor repairs. This home is located on a sunny lot near the local community golf course. The last sale date for this home was on 6/01/2006 when it sold for $390,000. The current asking price is $236,550

1782 Southern Pines is a 3 bedroom, 2 bath, 2 car garage, 1555 square foot home off of Pioneer Trail. This house was just listed today, and should sell quickly. This house is in a great county location and is very well maintained for a bank owned foreclosure. The last sale of this house was back on 10/20/2003 when it sold for $365,000. The current asking price is $299,900!

1049 Reno  is a 2 bedroom, 1 bath, 1 car garage, 889 square foot bank owned foreclosure. This house is included in my picks because it is one of the only homes under $200,000 that has a garage. This house could use some work such as paint, carpet, and possible updating. Located in the Sierra Tract area, this house would make a great first home or an economical second home. The last sale of this house was on 7/19/05 when it sold for $355,000. The current asking price is $199,900.

866 Secret Harbor is a 2 bedroom, 2 bath, 2 car garage home that is being sold as a short sale. I like this house because of the location. This house is off of Secret Harbor in the Tahoe Island drive area. This house does have a couple of negatives, the master bedroom is small, there are only 2 bedrooms, and it has a shake roof. With some work, this house has some potential. The last sale of this house was on 10/17/07 when it sold for $385,000. The current asking price is $269,000. This house is a short sale which is subject to lender approval.

1116 Dedi is a 3 bedroom, 2 bath, 1 car garage, 1181 square foot house that is not a short sale and not a foreclosure. This house is in outstanding condition and sells fully furnished with very nice furnishings. This would be a great house for someone who does not want to do any work other than moving in their clothes. The last sale of this house was on 10/17/2007 when it sold for $380,000. The current asking price is $299,900.

If you are looking at purchasing a house in South Lake Tahoe under $300,000, make sure to take a look at my top list of homes. The listing information for these homes was provided from the South Lake Tahoe mls. I am not advertising these listings as my own, just showing the ones that I feel are good values.

I will post more blogs about South Lake Tahoe real estate deals in other price ranges soon. If you would like to set up an appointment to see any of these homes, or have questions about South Lake Tahoe real estate, please give Brent and Jill a call today!

South Lake Tahoe MLS Listing 2177 Harvard Ave.

Just listed by South Lake Tahoe Real Estate agents Brent and Jill Johnson!

Voted Mls Home of the week on  May 1st before our recent $20,000 Price reduction!!!

Complete remodel in Tahoe Island Park priced to sell. This home has a very open and bright floor plan!Granite countertops, Maple cabinets, and tile floors are just some of the great features that this home has to offer. There is a newer comp roof, vinyl double pane windows, and fresh paint. Situated on a large sunny lot in a quiet area, this home is a must see! This house is not a short sale or a foreclosure!

• Check out the virtual tour!
• Great Tahoe Island Park Location
• Granite Countertops
• Maple Cabinets
• Sunny, fully fenced yard
• 3 bedrooms, 2 bathrooms, 2 car garage
• Vaulted ceilings
• 1688 square feet
• 7789 square foot lot
• Priced to sell at $379,000!

If you would like to make an appointment to view this home, or other houses for sale in South Lake Tahoe, please contact South Lake Tahoe real estate agents Brent and Jill Johnson today!

South Tahoe Real Estate Statistics for 2009 First Quarter

South Lake Tahoe real estate statistics are important for both buyers and sellers who are thinking about timing the market for their next real estate transaction. With all of the South Lake Tahoe real estate statistics available on various websites and blogs, consumers are now informed more than ever. I try to make my South Lake Tahoe real estate statistics the most in depth and easy to understand as possible. With that being said, here are the 2009 first quarter statistics for single family sold homes in South Lake Tahoe.

According to the South Lake Tahoe mls, there were 73 single family homes that sold between January 1st and March 31st 2009. That is 8% more homes than the first quarter of 2008 in which 67 single family homes closed escrow.

• 73 homes sold in the first quarter of 2009
• 27 of the sold homes were bank owned foreclosures (up 44% from 15 in the first quarter of 2008)
• 6 of the homes were short sales
• The median list price was $356,250 (15% less than than the first quarter of 2008 which was $419,900)
• The median sales price was $340,000 (15% less than the first quarter of 2008 which was $400,000)
• The median days on the market was 114 (down from 156 in the first quarter of 2008)
• The median square footage of the sold homes was 1,584 (up from 1,431 in the first quarter of 2008)
• The average sold price per square foot was $234 (19% less than the first quarter of 2008 which was $290)

The number of sold houses in South Lake Tahoe was up and the median sold price was down due to the distress sales and foreclosures. Foreclosure listings in South Lake Tahoe are usually priced about 10% below current market value. The attractively priced foreclosures are what buyers seeking good deals are going after. Many of the foreclosure homes received multiple offers and sold quickly which also brought down the median days on the market to 114 for the first quarter. Buyers targeting South Lake Tahoe foreclosures should be aware that it will be an “as is” deal, and buyer investigation inspections are very important.

Here is a comparison of the South Lake Tahoe foreclosure listings to the non-foreclosure listings that sold in the first quarter of 2009.

• 27 of the 73 houses that sold during the first quarter of 2009 were bank owned foreclosures.
• The median list price of the foreclosures was $279,000 (28% less than the non-foreclosure properties which was $389,000)
• The median sales price for the foreclosures was $264,500 (27% less than the non-foreclosure properties.
• The median days on the market was 84 (45% less than the non-foreclosure properties which was 154 days)
• The median square footage of the foreclosures was 1,510 square feet (7% less than the non-foreclosure properties which had an median square footage of 1,616 square feet.
• The average price per square foot for the foreclosures was $196 (24% less than the non-foreclosure properties which had an average sales price per square foot of $258)

2009 First Quarter South Lake Tahoe Real estate statistics by Number of Bedrooms

Sold two Bedroom Homes in South Lake Tahoe

• There were 15  two bedroom housesin South Lake Tahoe that sold in the first quarter of 2009 according to the South Lake Tahoe mls.
• The average list price for the 2 bedroom homes was $249,620
• The average sales price for the 2 bedroom homes was $233,853
• The average square feet of the 2 bedroom homes was 986
• The average percentage list price to sales price the homes sold for was 93.68%
• The average days on the market was 154 days

Sold three bedroom homes in South Lake Tahoe

• There were 32 three bedroom homes that sold in the first quarter of 2009
• The average list price for the 3 bedroom homes was $381,595
• The average sales price for the 3 bedroom homes was $361,750
• The average square feet of the 3 bedroom homes was 1565
• The average percentage list price to sales price that the homes sold for was 94.8%
• The average days on the market was 154

Sold four bedroom homes in South Lake Tahoe

• There were 21 two bedroom homes that sold in the first quarter of 2009
• The average list price for the 4 bedroom homes was $551,051
• The average sales price for the 4 bedroom homes was $525,000
• The average square feet of the 4 bedroom homes was 2346
• The average percentage list price to sales price that the homes sold for was 94.59%
• The average days on the market was 177

Sold five bedroom homes in South Lake Tahoe

• There were 5 five+ bedroom homes that sold in the first quarter of 2009
• The average list price for the 5+ bedroom homes was $941,850
• The average sales price for the 5+ bedroom homes was $798,000
• The average square feet of the 5+ bedroom homes was 3262
• The average percentage list price to sales price that the homes sold for was 84.75%
• The average days on the market was 179

This South Lake Tahoe real estate blog statistics post was written by real estate agent Brent Johnson. If you are a buyer or a seller of real estate in South Lake Tahoe and would like more information regarding any of the statistics in this post please let me know. For more information regarding foreclosures for sale in South Lake Tahoe, houses for sale in South Lake Tahoe, or would like to schedule an appointment to view any South Lake Tahoe real estate contact Brent and Jill Johnson today!

Highland Woods

The Highland Woods area is a small and desirable neighborhood in South Lake Tahoe. There are not a lot of homes that come up for sale in the Highland Woods area, so the sales can often be quick, especially if the homes are priced well.

One of the best features of Highland woods is the under ground utilities. Other than the Tahoe Keys, Highland woods is one of the the only areas that does not have power lines obstructing the views. The curbs and gutters are another feature that add to the aesthetics of the area. There are also many newer homes with landscaped yards that make this neighborhood a pleasure to be in.

The Highland woods area is centrally located in South Lake Tahoe with easy  access to highway 50. The casinos, Heavenly Valley Ski Resort, and Lake Tahoe’s famous sandy beaches are only a short drive away.

The Upper Truckee River, Truckee Marsh, and Trout Creek boarder three sides of the area, giving Highland Woods a very peaceful setting. Some of the homes on Springwood street back the meadow and even have lake views. On the south side of Highland Woods near highway 50 are some duplexes and multi-family units, so the more desirable areas for single family homes are near the middle and around the perimeters of the meadows.
View Larger Map

Homes in Highland Woods average in price from the Upper $200,000′s to the $600,000′s.

If you are looking at houses for sale in South Lake Tahoe and like clean desirable neighborhoods, make sure to check out Highland Woods. There are only 4 homes that are available on the South Lake Tahoe mls, so make sure to sign up for my new listing notification to have any new mls listings e-mailed to you as soon as they hit the market!

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