Tahoe Keys Real Estate
January 21, 2009
The Tahoe Keys is a 740 acre private marina community. There are waterfront homes located on 11 miles of inland waterways that lead to the emerald waters of Lake Tahoe. Homeowners in the Tahoe Keys have
Tahoe Keys
The Tahoe Keys Property Owners Association is the Tahoe Keys HOA. HOA fees are $1919 annually for houses and from $1000 to $1400 
quarterly for condos depending on their location with-in the Tahoe Keys.
Single family home property values generally range from the $500,000′s to $3,ooo,ooo, but there have been a few foreclosures in the Tahoe Keys that have sold for $400,000, and homes on Lighthouse Shores and Beach priced over $7,000,000.
Tahoe Keys condos range from $250,000 for a one bedroom, to over $1,000,000+ for a lakefront.
The 2008 Tahoe Keys sales statistics for single family detached dwellings are as follows
- Median sales price $847,500 (down 12% from $960,000 in 2007)
- 32 Units sold (down 5 units from 37 in 2007)
- Average days on market 196 (up from 185 in 2007)
- Lowest 2008 sale $399,000
- Highest 2008 sale $2,150,000
For more information about Tahoe Keys Real Estate, South Lake Tahoe Real Estate, or the South Lake Tahoe MLS, please contact Brent and Jill Johnson today!
Tahoe Keys Real Estate Review
January 14, 2009
2008 was a tough year for Tahoe Keys Real Estate. There were a total of 32 single family homes sold in the Tahoe Keys area compared with 37 sold in 2007. The slow down of the Tahoe Keys Real Estate market shows that no sectors of real estate were spared during these hard economic times.
The 2008 Tahoe Keys Real Estate Statistics are as follows
- 32 Single family home sales (Down 14% from 37 in 2007)
- Lowest priced sale $410,000 ($550,000 in 2007)
- Highest priced sale $2,150,000 ($3,750,000 in 2007)
- Average sales price $900,366 (Down 22% from $1,155,000 in 2007)
- Median sales price $847,500 (Down 12% from $960,000 in 2007)
- Total sales volume $28,811,720 (Down 33% from $42,735,000 in 2007
- Average days on market 196
To view a graph of the statistics click on the following link 2008 Tahoe Keys Statistics
Condos in the Tahoe Keys saw the same amount of units sold, 11 in 2007 and 11 2008, but the prices were much lower in 2008
- 11 condos sold in 2008 (11 sold in 2007)
- Lowest prices sale $239,000 ($355,000 in 2007)
- Highest priced sale $555,000 ($1,450,000 in 2007)
- Average sales price $422,541 (Down 33% from $628,955 in 2007)
- Median sales price $435,000 (Down 26% from $590,000 in 2007)
- Total sales volume $4,647,950 (Down 33% from $6,918,500 in 2007)
To view a graph of the statistics click on the following link Tahoe-Keys-Condo-Statistics.
The lower prices are great news for buyers and bad news for sellers. For more information on Tahoe Keys Real Estate, or houses on the South Lake Tahoe MLS, please call Brent or Jill Johnson today!
March South Lake Tahoe Real Estate Review
April 4, 2008
March was a great month in South Lake Tahoe. We enjoyed some great Spring like weather, Daylight Savings, St. Patrick’s Day, and Easter all in the same month! As the birds and squirrels came out to enjoy the warmer weather, some home buyers also came out to take advantage of some great deals!
According to the South Lake Tahoe MLS, there were 34 single family homes that sold in March. The least expensive sale was a one bedroom home at 2613 Fountain that sold for $165,000. The most expensive home sold was 3597 Mackedie Way which sold for $1,180,000. Out of the 34 single family homes sold in March, 11 of them were foreclosures, and a few others were short sales.
Another great March statistic is that there were five new construction homes that sold. New home sales have been very slow, and it is great to see some activity in that area. I believe that if new home sales continue to improve, land sales will follow. Builders still need to sell there existing new homes before they decide to buy more land.
Land sales showed a slight improvement in March, but are still quite slow. There were four lots that sold in March. Two of the lots that sold were in the Angora fire area that had homes which had burned down. The lots in the burn area which had homes that burned down, include building allocations which are good until the end of the year. Water and sewer hook up fees are also included with the burn lots, which will save over $12,000 for the owner or builder. Only one lot went into escrow in March, which was also a “burn lot.”
Condo sales are another sector that showed a slight improvement, but are still struggling. There were only three condos in South Lake Tahoe that sold in March, but five condos went into escrow. My guess is that when the Tahoe Keys thaws out, and summer starts, we will see some more activity with the Tahoe Keys Condos.
I am looking forward to seeing what the South Lake Tahoe Real Estate market will be like in April. I hope that real estate activity continues to improve, and that the overall economy will stabilize. I am also looking forward to another great summer in South Lake Tahoe, I can not think of anywhere that I would rather be!
