Tahoe Keys Waterfront Just Reduced!

2213 Texas Ave.

Just Reduced!!!

Ofered at $439,000

South Lake Tahoe Real Estate agents Brent and Jill Johnson have just listed one of the least expensive waterfront properties in South Lake Tahoe! This waterfront home is located in the Tahoe Keys and has expansive waterfront views and amazing sunsets! You will be impressed with this recently remodeled Tahoe Keys home that overlooks Lake Tallac. The 2007 remodel included new kitchen with hickory cabinets, quartz slab counter tops, stainless steel appliances, and distressed hickory hardwood flooring. The windows have been replaced with new double pane vinyl frame windows and the roof was replaced about 7 years ago. The second level of this upstairs living house is wheel chair accessible by a ramp that connects to the upper back deck.

click on this link to see the virtual tour of this remodeled house for sale in the Tahoe Keys!

• 3 bedrooms, 2 bath, 2 car garage
• 1440 square feet
• 6753 square foot lot
• recently remodeled including new front siding and a new roof!
• Great Tahoe Keys HOA amenities including indoor and outdoor pools, spa, beach, pier, boat launch, marina, park, tennis, basketball, volleyball, and security

For more information about this great house in the Tahoe Keys area please give South Lake Tahoe real estate agent Brent Johnson a call today!

April South Lake Tahoe Real Estate Statistics

As usual, when the weather warms up in South Lake Tahoe, the real estate market follows. Home sales continued their upward trend and rose from 40 houses sold in March, to 46 houses sold in April. This is a huge jump from April 2009 when only 26 houses closed escrow. The continuing improvements in the economy, low interest rates, low prices, and the first time home buyer tax credits stimulated the increase in sales. There are currently 438 listings on the South Lake Tahoe MLS, and 108 of them are in escrow.

 Distress sales dropped from 58% of the sales in March to 48% in April. There were 18 bank owned foreclosures and 4 short sales that sold in April. Currently there are 30 bank owned foreclosures listed on the South Lake Tahoe MLS, and 15 are in escrow. There are 79 short sale listings, and 50 of the short sales are in escrow.

April South Lake Tahoe Real Estate Statistics

• There were 46 single family home sales in April, up from 40 in March, and up from 26 in April 2009.
• The average price of the homes sold in South Lake Tahoe was $386,177, down from $404,053 in March, and up from $327,342 in April 2009.
• The median sales price was $329,163, down from $350,500 in March, and up from $295,000 in April 2009.
• The average price per square foot was $211 which was down from $221 in March, and up from $204 in April 2009.
• The average days on the market was 158 which was up from 141 in March, and down from 190 in April 2009.
• The median days on the market was 112 which was up from 111 in March, and up from 108 in April.
• There were 18 bank owned foreclosures that sold in April, up from 16 in March, and up from 7 in April 2009.
• There were 4 short sales that sold in April which was down from 7 in March, and up from the 2 that sold in April 2009.

Spring and Summer is also the time that the Tahoe Keys Real Estate typically begins to pick up. In April there were 5 houses that sold in the Tahoe Keys area. One of the houses sold was a foreclosure and one was a short sale. There are currently 66 listings in the Tahoe Keys on the South Lake Tahoe MLS and only 9 are in escrow. The least expensive single family home listing on the water is my listing at 2213 Texas. This is a 3 bedroom, 2 bath, 2 car garage house that has been completely remodeled and has great views.

For more information about the South Lake Tahoe real estate market, please call California and Nevada real estate agent Brent Johnson today!!!

Tahoe Keys Real Estate

The inventory of homes for sale in the Tahoe Keys area of South Lake Tahoe has gone down a bit since last year, but there are still some great houses to choose from. Currently there are 51 houses in the Tahoe Keys listed on the South Lake Tahoe MLS. There are 42 active Keys listings and 9 active pending listings. In September 2009 the inventory was up to 70 total listings with 13 houses in escrow.

The majority of Tahoe Keys homes for sale are currently priced under $1,000,000. 27 out of the 42 active Keys houses are priced under $1,000,000.  8 out of the 9 houses that are in escrow are also priced under $1,000,000.

Distress sales account for 6 out of the 9 houses that are in escrow in the Tahoe Keys. There are 5 short sales and 1 foreclosure currently in escrow. The ratio of distress sales to regular sales in the Tahoe Keys is almost the same as it is in the rest of South Lake Tahoe. There are 105 houses in escrow in South Lake Tahoe and 68% of them are either short sales or foreclosures (67% distress sales in the Tahoe Keys).

So far in 2010 there have been 5 houses in the Tahoe Keys that have been sold on the South Lake Tahoe MLS. The average sales price was $798,000 and the median sales price was $750,000. The average price per square foot was $366. Only one of the houses sold was a foreclosure, and no short sales have closed escrow in the Keys so far this year.

My listing on 2213 Texas is a great example of one of the great houses to choose from in the Tahoe Keys. 2213 Texas is a recently remodeled 1440 square foot, 3 bedroom, 2 bath, 2 car garage home offered at $482,000. This is a great opportunity to own a waterfront home for under $500,000! For more information about this house or other homes for sale in the Tahoe Keys, please call Brent Johnson.

Tahoe Keys Real Estate Review for 2009

Real Estate in the Tahoe Keys was not immune to the decline in property values in 2009. The median sales price of single family homes dropped 17% from $847,500 in 2008 to $700,000 in 2009. One of the leading causes of the decline in the median sales price of the single family homes was the presence of bank owned foreclosures and short sales. There were 5 foreclosures and 7 short sales it the Tahoe Keys that closed escrow in 2009. Short sales and foreclosures accounted for 12 out of 32  (38%) of the sold single family homes in the Tahoe Keys. The number of homes sold in the Tahoe Keys was the same as in 2008, 32.

 

The decline in the sales prices was a great opportunity for home buyers looking for deals in the Tahoe Keys. 484 Carson Ct. is a great example. 484 Carson Ct. was a bank owned foreclosure in the Tahoe Keys that was listed for $792,900. This was a 3 bedroom, 3 bath, 2 car garage, 2136 square foot home built in 1993. This home had multiple offers and sold above asking price at $826,000. This is still an incredible price when you look at what the home last sold for, $1,345,000 on 8/19/05!

2009 Tahoe Keys Real Estate Statistics

• 32 single family homes in the Tahoe Keys sold in 2009
• 5 foreclosures in the Tahoe Keys sold in 2009
• 7 short sales in the Tahoe Keys sold in 2009
• The median sales price was $700,000
• The average sales price was $920,192
• The average price per square Foot was $336
• The median days on the market was 157

The foreclosures in the Tahoe Keys sold for less money and less time on the market than the non-foreclosure properties. The bank owned foreclosures in the Tahoe Keys had an average sales price of $652,270, a median days on the market of 45, and an average price per square foot of $284. Keep in mind that most of the foreclosures in the Tahoe Keys that sold last year needed at least some minor repairs.

2008 Tahoe Keys Real Estate Statistics

• 32 single family homes in the Tahoe Keys sold in 2008
• The median sales price was $847,500
• The average sales price was $900,366
• The average price per square Foot was $388
• The median days on the market was 115

2007 Tahoe Keys Real Estate Statistics

• 37 single family homes in the Tahoe Keys sold in 2007
• The median sales price was $960,000
• The average sales price was $1,155,000
• The average price per square Foot was $476
• The median days on the market was 160

2006 Tahoe Keys Real Estate Statistics

• 35 single family homes in the Tahoe Keys sold in 2006
• The median sales price was $1,000,000
• The average sales price was $1,009,352
• The average price per square Foot was $455
• The median days on the market was 118

2005 Tahoe Keys Real Estate Statistics

• 49 single family homes in the Tahoe Keys sold in 2005
• The median sales price was $1,130,000
• The average sales price was $1,166,367
• The average price per square Foot was $473
• The median days on the market was 80

The median sales price of the Tahoe Keys Condos was down only 14% from 2008, but the number of condos sold was down significantly.There were only 6 Tahoe Keys condos sold in 2009, down from 11 in 2008. The sales volume was down from $4,647,950 in 2008 to $2,118,408 in 2009. Only one of the Tahoe Keys condos sold in 2009 was a bank owned foreclosure.

Tahoe Keys Condo Statistics for 2009

• There were 6 condos in the Tahoe Keys that were sold
• The median sales price was $373,750
• The average sales price was $353,068
• The median days on the market was 156
• The average price per square foot was $279

Tahoe Keys Condo Statistics for 2008

• There were 11 condos in the Tahoe Keys that were sold
• The median sales price was $435,000
• The average sales price was $422,541
• The median days on the market was 97
• The average price per square foot was $408

Tahoe Keys Condo Statistics for 2007

• There were 11 condos in the Tahoe Keys that were sold
• The median sales price was $590,000
• The average sales price was $628,900
• The median days on the market was 113
• The average price per square foot was $477

Tahoe Keys Condo Statistics for 2006

• There were 16 condos in the Tahoe Keys that were sold
• The median sales price was $616,000
• The average sales price was $652,148
• The median days on the market was 100
• The average price per square foot was $486

Tahoe Keys Condo Statistics for 2005

• There were 16 condos in the Tahoe Keys that were sold
• The median sales price was $559,500
• The average sales price was $551,156
• The median days on the market was 71
• The average price per square foot was $450

For more information about Tahoe Keys Real Estate please contact Caifornia and Nevada South Lake Tahoe Real Estate agent Brent Johnson today!

Chase International Dominates the Lake Tahoe Real Estate Market

 Chase International continues to dominate the real estate market in South Lake Tahoe in volume and the number of closed escrows. Below is a letter from our office manager Larry Finkel with the year end Lake Tahoe closing statistics.

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