Lot Listing in South Lake Tahoe!

2028 13th Street Offered For $55,000!

 

This 1/4 Acre lot with 30% coverage is priced to sell!!! Located near the bike trail that goes to some of Lake Tahoe’s best beaches, this level corner lot would make a great place  to build your dream home! This lot is zoned for both single family and multi-family residential. Compare this large lot to the other lots for sale in South Lake Tahoe and you will see that this is a good buy! With 3,270 square feet of coverage this lot is perfect for a single story home, a home with a large garage, or even a duplex! Please call South Lake Tahoe Real Estate agent Brent Johnson for more information today!!!

• 10,900 square foot vacant lot for sale in South Lake Tahoe!
• 30% coverage and 1012 IPES score
• Zoned single and multi-family
• Central location
• Level corner lot
• Priced to sell!

South Lake Tahoe MLS Statistics

South Lake Tahoe MLS statistics as of July 18th

Here are the statistics for residential (single family and condo/town homes) located in the City and County areas of South Lake Tahoe:

There are curently 556 residential listings on the South Lake Tahoe MLS. 457 of the listings are Active and 99 of the listings are in escrow. Out of the 457 Active listings, 48 are short sales and 33 are bank owned foreclosures. Out of the 99 listings that are in escrow,  37 are short sales and 18 are bank owned foreclosures.  Although only 17.7% of our active listings are short sales or foreclosures, 55.6% of the listings that are in escrow are short sales or foreclosures. The 99 escrows  represent 17.8% of the total inventory in escrow.

Here is a breakdown by price range of the 99 escrows:

• Under $200,000         26 properties
• $201,000-$300,000   29 properties
• $301,000-$400,000   14 properties
• $401,000-$500,000   14 properties
• $501,000-$600,000   4 properties
• $601,000-$700,000   7 properties
• $701,000-$800,000   3 properties
• $801,000-$999,000   0 properties
• Over 1 million              2 properties 

So far this year there have been 286 condos and houses in South Lake Tahoe that have sold. There were 95 bank owned foreclosures (33.2%) and 55 short sales (19.2%) that were sold. The total percentage of distress properties that have been sold so far this year is 52.4%

Lake Tahoe Real Estate Statistics for June 2011

June ended up being a very busy month of closings for the South Lake Tahoe Real Estate market. There were 49 single family homes that were reported as sold on the South Lake Tahoe MLS which was up from 35 homes in May. Although the June median sales price increased from May, it was down 8.7% from what it was in June 2010.

 The number of distress sales (short sales and foreclosures) that were sold in June was up from how many were sold in May, but the percentage of distress sales went down. In May, 22 of the 35 (63%) homes that were sold were distress sales. In June, 27 of the 49 (55%) homes that were sold were distress sales. Foreclosures accounted for 16 of the distress sales and short sales accounted for the other 11 distress sales that were sold in South Lake Tahoe.

June Lake Tahoe Real Estate Statistics

• The median sales price for the homes in South Lake Tahoe that were sold in June was $298,250 (up from $285,000 in May,  but down from $326,250 in June 2010).
• The average sales price for the homes in South Lake Tahoe that were sold in June was $394,809 (up from $316,777 in May).
• The average price per square foot was $191 which was up from $183 in May.
• The average days on the market was 194 and the median days on the market was 138.
• There were 16 bank owned foreclosures in South Lake Tahoe that were sold in June.
• There were 11 short sales in South Lake Tahoe that were sold in June.

The short sales in South Lake Tahoe that were sold in June has an average price per square foot of $187 while the foreclosures that were sold had an average price per square foot of $156.

The short sales had an average sales price of $365,091 and the foreclosures had an average sales price of $263,791.

The short sales had a median sales price of $232,000 and the foreclosures had an average sales price of $203,000.

The short sales had an average days on the market of 262 and the foreclosures had an average days on the market of only 82.

The 7 foreclosures in South Lake Tahoe that were sold within the first 60 days of being listed sold for an average of 102% of list price (2% over asking price). 61-90 days was 99.31% of the list price. 91-120 days was 96.08% of the list price. 120+ days on the market was 94.41% of the list price.

There were 8 condos in South Lake Tahoe that were reported as sold on the South Lake Tahoe MLS. There were 3 condos that were sold in the Tahoe Keys area. One of the condos that was sold was a short sale, and one of the condos was a foreclosure.

There were 4 multi-family properties that were sold in June. Three of the sold multi-family units were duplexes and one was a 6 unit apartment building that sold for $400,000. One of the duplexes that was sold was a short sale and one of the duplexes was a bank owned foreclosure.

There was only one lot sold in June and it was my listing on Panorama. This was a large 14,000 square foot lot that sold for $78,000.

Currently on the South Lake Tahoe MLS there are 474 single family homes in the City and County areas that are listed for sale. 81 of those listings are active pending.

Vacant Lot For Sale in South Lake Tahoe

1089 Carson Ave.

 Just Listed for $45,000!

 

This is a great opportunity to purchase property in South Lake Tahoe for under $50,000! This buildable lot is centrally located in a flat sunny area close to all of Lake Tahoe’s famous activities and attractions. It is a great time to purchase properties in South Lake Tahoe at just a fraction of what it was selling for just a few years ago. 1089 Carson is a 5000 square foot lot with 30% coverage and an IPES score of 869. This lot has enough coverage to build a large two story home with a two car garage. For more information regarding this lot, please call South Lake Tahoe Real Estate agent Brent Johnson today!

South Tahoe Real Estate Review for May

After a very long winter here in Lake Tahoe the weather is finally warming up and Highway 50 is busy with visitors looking to escape the heat of the valley.  The South Lake Tahoe Real Estate market should heat up this summer as well now that home prices are the lowest that they have been in years.

In May there were 35 homes in South Lake Tahoe that were sold on the South Tahoe MLS. Distress sales accounted for 22 of the 35 home sales. Short sales accounted for 8 of the distress sales and foreclosures accounted for the other 14.

Both the average sales price and the median sales prices were down sharply last month. The average price per square foot was only down slightly.

South Lake Tahoe Real Estate Statistics

• The average price per square foot of the sold  houses in South Lake Tahoe in May was $183 per square foot, down from $186 per square foot in April.
• The average sales price was $316,777,  down from $342,063 in April.
• The median sales price was $285,000, down from $314,500.
• The average days on the market was 163 and the median days on the market was 114.
• There were 8 short sales in South Lake Tahoe that were sold in May, the same number of short sales that were sold in April.
• There were 14 foreclosures in South Lake Tahoe that were sold in May, the same number of foreclosures that were sold in April.

The foreclosures in South Lake Tahoe  that were sold in May had an average price per square foot of $153 and the short sales had an average price per square foot of $173. The non distress sale properties that sold had an average price per square foot of $221. The average sales price of the foreclosures was $262,193 vs $400,963 for the non distress sales. The median sales price of the foreclosures in South Lake Tahoe that were sold was $$205,000 vs $360,000 for the non distress sales.

The short sales in South Lake Tahoe  that were sold had an average price per square foot of $173,  a median sales price of $244,000 and an average sales price of $275,000.

As you can see, the distress sales continue to bring down the average sales price, median sales price, and average price per square foot of the home sales in South Lake Tahoe.

Tahoe Keys Real Estate

Spring is the time of year when the homes in the Tahoe Keys begin to sell as well. This year the lake is almost full and the water levels in the Tahoe Keys look Great! There were 6 Tahoe Keys properties that were sold in May. There were 2 Tahoe Keys condos that were sold and 4 homes that were sold. Two of the homes that sold were foreclosures and one was a short sale.

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