Tahoe Keys Real Estate Statistics for 2011

The real estate market in the Tahoe Keys was quite active in 2011, but home values continued to slip throughout the year. According to the South Lake Tahoe MLS , the Tahoe Keys area had a 12.4% decrease in the median sales price in 2011 compared with 2010. The median sales price for single family homes (excluding town houses) was $591,500 in 2011, down from $675,500 in 2010. The Tahoe Keys area  held values better than the South Shore as a whole.  The South shore had a 16 % decrease in the median sales price in 2011. The median sales price in the Tahoe Keys area is now almost half of what it was in 2005. In 2005 the median sales price of the single family homes that were sold in the Tahoe Keys was $1,145,000!

Tahoe Keys Real Estate Statistics

• There were 47 single family homes in the Tahoe Keys that were sold in 2011, down from 54 sales in 2010 and down from 52 sales in 2005.
• The median sales price was $591,500, down from $675,500 in 2010 and down from $1,145,000 in 2005.
• The average sales price in the Tahoe Keys was $$782,483, down from $837,769 in 2010 and down from $1,218,981 in 2005.
• The average price per square foot was $299, down from $333 in 2010 and down from $484 in 2005.
• The average days on the market was 225, up from 196 in 2010 and up from 91 in 2005.

Out of the 47 houses in the Tahoe Keys that were sold, 17 were distress sales. Foreclosures accounted for 9 of the distress sales and short sales accounted for the other 8 sales.

Foreclosures in the Tahoe Keys

• The average sales price for the sold bank owned properties in the Tahoe Keys was $620,978.
• The median sales price for the foreclosures was $599,900.
• The average days on the market was 171 and the median days on the market was 108.
• The average price per square foot was $248.

Short Sales in the Tahoe Keys

• The average price of the sold short sales in the Tahoe Keys was $643,688.
• The median sales price of the short sales was $491,750.
• The average days on the market was 381 and the median days on the market was 362.
• The average price per square foot was $288.

Now that the median sales price in the Tahoe Keys area is almost half of what it was in 2005, this is a great opportunity to purchase a water front property in South Lake Tahoe. Make sure that you are signed up for New Listing Notifications on my website www.JohnsonsTahoeRealEstate so that you are automaticaly notified when there are new listings and price reductions in the Tahoe Keys. Although prices are down in the Tahoe Keys, there is a lot of activity  For more information regarding the Tahoe Keys Real Estate market, please give me a call!

Tahoe Keys Real Estate Statistics

After a slow start to 2009, Tahoe Keys real estate activity is now showing signs of new life. There are now 17 single family houses in the Tahoe Keys that are in escrow according the South Lake Tahoe MLS.  Out of the 17 houses that are in escrow, 10 are distress sales. The distress sales that are in escrow consist of 2 bank owned foreclosures and 8 short sales. The bank owned foreclosures that are in escrow are 1886 Genevieve Ct, a 4 bedroom, 2.5 bath, 2 car garage, 1946 square foot home listed for $599,000 and 1971 Aloha, a 4 bedroom, 2.5 bath, 2 car garage, 2524 square foot home listed for $798,000.

There have been 20 houses in the Tahoe Keys that have sold so far in 2009. Distress sales have accounted for 8 of the sold Tahoe Keys homes. There were 5 short sales and 3 bank owned foreclosures that have been reported as sold on the South Lake Tahoe mls.

Tahoe Keys Real Estate Statistics for the Sold 2009 Homes

• The average listing price for the sold Tahoe Keys homes was $992,692
• The average selling price for the sold Tahoe Keys homes was $926,258
• The median listing price for the sold Tahoe Keys homes was $759,900
• The median selling price for the sold Tahoe Keys homes was $705,000
• The average price per square foot for the sold Tahoe Keys homes was $323
• There have been 5 sold short sales in the Tahoe Keys
• There have been 3 sold foreclosures in the Tahoe Keys
• The average days on the market was 199
• The median days on the market was 164

 

 

The average sold price per square foot of $323 in the Tahoe Keys is down 17 % from 2008 when the average sold price per square foot was $388. The following statistics show how the average price per square foot for sold single family homes has come down in the Tahoe Keys.

• In 2005 there were 49 houses sold and the average price per square foot was $473
• In 2006 there were 35 houses sold and the average price per square foot was $475
• In 2007 there were 37 houses sold and the average price per square foot was $476
• In 2008 there were 32 houses sold and the average price per square foot was $388
• In 2009 there have been 20 houses sold in the Tahoe Keys and the average price per square foot has been $323

With 46 houses for sale in the Tahoe Keys on the South Lake Tahoe mls, there is still a great selection of homes to choose from. There are only 3 homes for sale that are being listed as short sales, and there are no available foreclosures for sale in the Tahoe Keys. If there are any new foreclosure listings in the Tahoe Keys, I will be sure to add them to my current list of foreclosure listings in South Lake Tahoe. For further information about Tahoe Keys real estate please contact Brent and Jill Johnson today!

Tahoe Keys Real Estate Update

The Tahoe Keys area is now more affordable than it has been in years. With the great selection of homes to choose from, now is a great time to purchase waterfront property in South Lake Tahoe. There are currently 70 houses for sale in the Tahoe Keys listed on the South Lake Tahoe mls. Of the 70 houses for sale in the Tahoe Keys, 13 are currently in escrow. Distress sales are accounting for a large percentage of the houses in the Keys that are in escrow. Nine of the current Keys escrows are short sales and one is a bank owned foreclosure.

There have been 17 houses in the Tahoe Keys that have sold so far this year. Distress sales accounted for  6 of the sold Keys homes, 3 were short sales and 3 were bank owned foreclosures.

Here are the statistics for the sold Tahoe Keys Homes Year to Date:

• The average list price of the sold Tahoe Keys homes was $975,719
• The average sales price of the Sold Tahoe Keys homes was $894,700
• The median selling price was $700,000
• The average price per square foot was $333
• There were 3 sold short sales in the Tahoe Keys
• There were 3 sold bank owned foreclosures in the Tahoe Keys
• The average days on the market was 188
• The median days on the market was 157

With six houses for sale in the Tahoe Keys under $700,000 with lake access, now is a great time to purchase waterfront property in South Lake Tahoe! For more information regarding Tahoe Keys properties, please call Brent and Jill Johnson at (530) 416-2625.