Just Sold! Just in time to get started in the Spring of 2020. South Lake Tahoe’s building season!
1810 Elks Club Drive, South Lake Tahoe, CA 96150 in El Dorado County is an excellent opportunity! This large 14,705 square foot wooded county lot has 26% coverage and an IPES score of 924. With easy access to both Pioneer Trail and Highway 50, this superb home site is just minutes from Heavenly Ski Resort and the lake. Do not miss out on this affordable county lot!
Spacious 5 bedroom Montgomery Estates retreat minutes from Heavenly Resort and Village! Located on a 15,336 square foot lot with Conservancy land on each side, the forest views can be admired from just about every room. The main living area, kitchen, and master bedroom are all located at street level with no stairs. The updated kitchen features granite slab counters, hardwood cabinetry, new stainless steel appliances, and a breakfast bar. The great room has vaulted ceilings, hardwood flooring, a gas fireplace, and beautiful forest views. The master bedroom has a custom en-suite bathroom with a jetted tub, steam shower, and custom marble tile throughout. The mid-level has 9′ ceilings with 4 large bedrooms, a family room with a wood-burning stove, a workout room, and even a wine cellar. Downstairs is a game room/movie room which is perfect for entertaining and the kids! Other features include Anderson windows, hydronic heat, A HEATED 3 CAR GARAGE, 3 fireplaces, and ample storage!
Deciding to sell your home is a major and sometimes life changing decision. Selecting the right real estate agent to accomplish this goal is crucial. You are most likely selling one of the most valuable assets that you own so it is important to hire a Realtor with experience, knowledge, dedication, and the tools to properly market your home.
You want to hire a Realtor that you can trust and one that you are comfortable with because you will be working closely with that person
during a stressful time in your life. It is important for your realtor to be consistently available to answer questions, ease concerns, and offer sound advise.
Over the last 15 years I have been dedicated to being a full time and responsive Realtor with a team that is here when you need us. I have been the top listing agent in South Lake Tahoe for the last 4 years and the top producing agent in South Lake Tahoe for the last 6 years! In 2016 I was able to sell 64 of my listings which was over double the number of listings that my nearest competitor was able to sell. In 2017 I sold 56 listings, in 2018 I sold 65 listings, and in 2019 I sold 55 listings.
Below is some information about my experience as the top real estate agent in South Lake Tahoe as well as some reasons that you should list with the Johnson Team!
If you would like a free evaluation and marketing analysis for your property in Lake Tahoe please call Brent Johnson at 530-416-2625 today!
The South Lake Tahoe real estate market saw a slight increase in buyer activity throughout the month of January. The number if single family homes and condo/townhouses in escrow rose from only 46 in December to 55 (still down from 64 in January, 2018).
The median sales price also inched upwards from $474,450 to $475,000 which is also up 4.6% from what it was 12 months ago. The 55 properties in South Lake Tahoe that are in escrow represent 23.3% of the total inventory, up from just 17.9% in December.
There are currently 181 active listings on the South Lake Tahoe mls in the city and county areas. This is down from 211 active listings last month and up slightly from 158 active listings in January, 2018. It is typical that we see a low number of available active listings during the winter months and I expect that in April we will start seeing more new listings hitting the MLS.
Here is a breakdown by price range for the current 55 properties in escrow:
There are currently no foreclosure listings or short sale listings in escrow and there is only 1 active foreclosure listed on the South Lake Tahoe MLS.
New construction in South Lake Tahoe continues to be in high demand. There are currently only 10 brand new single family homes listed on the South Tahoe MLS and 4 of the 10 are currently pending.
My new listing located at 1694 Tionontati is a very good option for buyers looking for a brand new home. 1694 Tionontati is located outside of the city limits so it is not subject to the Measure T vacation rental restrictions.
Below is the description and link to the photos:
Brand new Tahoe home with knock out curb appeal, mountain views, and Forest Service/Conservancy land on 3 sides! This impressive new
home offers plenty of elbow room between neighbors and an abundance of sunshine. The upstairs great room takes advantage of the forested setting with front and rear decks and includes tall vaulted ceilings, rich hand scraped hardwood flooring, and a rustic stone fireplace highlighted by a wall of beautiful reclaimed barnwood. The impressive kitchen features knotty alder cabinetry, chiseled edge granite slab counters, a pantry, and stainless steel appliances including a 36 gas commercial cooktop and a wine fridge. The master bedroom boasts beautiful mountain views, a contemporary two sided gas fireplace, and walk in closet. The master bathroom is dressed with a sumptuous free standing copper tub, hammered copper sinks, and heated tile floors. Downstairs is a second living area with a third gas fireplace wrapped with ledgestone and a split log mantle!
For more information about my new construction listing at 1694 Tionontati or for any questions related to the South Lake Tahoe real estate market please call Brent Johnson at (530) 416-2625 today!
The South Lake Tahoe Real Estate market ended the year with a slight increase in the median sales price according to the South Lake Tahoe MLS. The median sales price for single family homes in the city/county areas edged upwards from $469,900 in November to $474,450 in
December.
There are currently 257 single family and condo/townhouses listed on the South Tahoe MLS which is down from 266 in November and up from 215 in December, 2017. Out of the current listings there are 46 properties that are pending and 211 that are active. In November there were 53 pending sales and there were 59 pending sales in December, 2017.
The 46 escrows represent 17.9% of the total inventory in escrow. Below is a breakdown by price range of the current 46 properties in South Lake Tahoe that are in escrow.
There are currently 23 single family homes listed on the South Tahoe MLS in the Tahoe Keys area and 3 of the homes are in escrow. There are only 9 Tahoe Keys Townhouses that are listed and one of the townhouses is in escrow. I have a stunning new construction listing in the Tahoe Keys that will be coming on the market in the next few months located at 2170 Inverness. This home is close to 4000 square feet and will have 5 bedrooms, 5.5 bathrooms, and a 3 car garage on a double lot with 120 feet of water frontage. Stay tuned for more details!
I will be working on a 2018 year end review for the South Lake Tahoe Real Estate market and will include specific statistics for the Tahoe Keys area and hope to have those statistics posted in the next week.
For more information on the South Lake Tahoe real estate market and Tahoe Keys real estate markets please call your South Lake Tahoe Real Estate expert Brent Johnson at (530) 416-2625 or email him at bjohnson@chaseinternational.com.
The South Lake Tahoe real estate market experienced a slight slowdown in November, 2018. The median sales price slipped to $469,900 in November from $475,000 in October, but was still 6.8% higher than it was in November, 2017. The number if single family homes and condos in escrow on the South Lake Tahoe MLS also decreased slightly from 59 in October to 53 in November.
There are currently 221 active single family and condo listings on the South Lake Tahoe MLS which is up from 213 in October and up from
190 in November 2017. The 59 escrows represent 21.1% of the total inventory in escrow. There are no active or pending foreclosures and there is only short sale which is in the Fallen Leaf Lake area.
The majority of the activity is currently in the $300,000 to $500,000 range and a handful of escrows between $700,000 and $800,000.
Below is a breakdown of the current escrows by price range:
There has been some concern that the recent vacation rental limitations imposed by Measure T are going to affect the South Lake Tahoe real estate market, slow the local economy, affect local business, and cause job loss. Are worries about the affects of Measure T causing a slight slowdown in the Real Estate market?
A local group of property owners and business owners called the South Lake Tahoe Property Owners Group has recently filed a lawsuit against South Lake Tahoe calling Measure T ‘unconstitutional and unenforceable’. To read more about the lawsuit in a recent Tahoe Tribune article click on the following link: Court Hearing for Measure T lawsuit delayed in South Lake Tahoe.
At this time one can only speculate if Measure T will affect property values in South Lake Tahoe. For now, buyers that would like to be able to rent out their properties for periods of 30 days or less will want to concentrate in the County areas or within the very small tourist core area within the city of South Lake Tahoe.
For more information about the South Lake Tahoe real estate market please contact your local South Lake Tahoe real estate expert Brent Johnson at bjohnson@chaseinternational.com or (530) 416-2625 today!
The South Lake Tahoe real estate market has continued to remain active has it has been since the bottom of the real estate bubble in late 2012/early 2013. The current median sales price for single family homes in South Lake Tahoe is holding steady at $470,000, a far cry from the rock bottom median sales price of $234,000 in August, 2012.
Although prices continue to trend upward, the number of homes currently in escrow and number of sales is down slightly year to date. 
There are currently 89 residential properties in escrow on the South Lake Tahoe MLS compared to 100 in October, 2017. This slight decrease in activity can be attributed to rising interest rates as well as the uncertainty of Measure T.
Measure T is a ballot measure designed to eliminate vacation rentals in residential areas located within the city limits of South Lake Tahoe. There are already 25 strict rules for vacation rentals that were just put into place for the only 1400 allowed vacation rentals within the city limits. We need to give those new rules a chance to work before loosing over $3,000,000 in TOT tax revenue, loosing over $100,000,000 in local business revenue, and loosing 100’s of jobs. I highly encourage anyone that is registered within the city limits to VOTE NO ON MEASURE T to maintain the current rules and limited number of rentals that we are allowed.
Here are the current South Lake Tahoe Real Estate Statistics broken down by the numbers:
There are currently 319 total residential listings on the South Lake Tahoe mls (both city and county areas) which is down from 344 total listings in October, 2017. 230 of the listings are active and 89 of the listings are active pending. The 89 escrows represent 27.9% of our total inventory in escrow.
Breakdown by price range of the 89 residential properties in escrow:
So far this year there have been 579 single family and condo/townhouses reported as sold on the South Lake Tahoe MLS, which is down slightly from 595 closings during the same period last year.
I do not expect Measure T to pass but regardless of the outcome, I expect to see more activity in the market after the results come out in early November. If Measure T does not pass many of the buyers that are currently on the fence about making offers will most likely decide to move forward with the offers. If Measure T does pass I would anticipate more homes to come on the market which will provide more options/inventory for home buyers.
For more information about the South Lake Tahoe Real Estate market please contact your local South Lake Tahoe Real Estate expert Brent Johnson at bjohnson@chaseinternational.com or (530) 416-2625 today!
The South Lake Tahoe Real Estate market has been off to an amazing start in 2016. I believe that a combination of low interest rates, improving economy, and great Sierra Nevada ski season has given buyers the confidence to invest in South Lake Tahoe Real Estate.
So far this year the South Lake Tahoe Real Estate market has seen an increase in the median sales price, number of properties sold year to date, and a significant increase in pending sales.
As of May 1st the median sales price for single family homes within the city and county areas in South Lake Tahoe was $379,500, up 7% from $355,000 in May, 2015. In my opinion the most interesting statistic is the number of pending sales. There is currently 110 single family and condo/townhouses in escrow. Last year during this same time there were only 69 pending sales. The number of properties sold has also increased significantly. So far in 2016 there has been 198 single family and condo/townhouses that have sold, up from 157 in 2015 during the same 4 month period.
The current inventory of homes for sale on the South Lake Tahoe MLS is low and there is not much for buyers to choose from. There are currently 175 active single family homes and condo/townhouses for sale. Last year there were 275 properties to choose from. I do anticipate the number of available listings to increase as it usually does in the early summer months. We usually experience about a 20% to a 30% increase of inventory as the selling season approaches.
The majority of the buyer activity is happening under $500,000 as seen below in the breakdown of the 110 properties that are currently in escrow:
Price Range Number of Escrows
Under $200,000 8 properties
$201-$300,000 10 properties
$301-$400,000 31 properties
$401-$500,000 20 properties
$501-$600,000 10 properties
$601-$700,000 15 properties
$701-$800,000 6 properties
$801-$999,000 3 properties
Over $1,000,000 7 properties
So far this year distress sales have been few and far between and have not been a major impact on the South Lake Tahoe Real Estate Market. There is currently only 1 active short sale listing and 4 active bank owned foreclosure listings accounting for 2.9% of the total inventory for sale. There have been 5 bank owned foreclosure sales accounting for 2.5% of the closings and 4 short sales that account for 2% of the closings.
The Tahoe Keys Real Estate market is also off to a great start to 2016. There are currently 12 single family homes and townhouses that are under contract and 16 that have closed escrow so far this year. I believe that Keys buyers have been encouraged by the normal winter which is brought our lake level back up above the natural rim!
For more information about the South Lake Tahoe Real Estate market please call Brent Johnson at (530) 416-2625 today!
The following South Lake Tahoe Real Estate market update are for residential (single family and condo/townhouse) properties located in the City and County areas.
There are currently 386 total single family and condo/townhouse listings on the South Lake Tahoe MLS. This number is up from 300 year to date. Currently 301 of the listings are active and 85 are in escrow. In May, 2014 there were 228 active listings and 72 properties in escrow. As you can see, the inventory is currently higher and there are 13 more properties in escrow.
Distress sales only account for 2.3% of the current active inventory and 10.6% of the properties currently in escrow. There are 4 active short sale listings and 3 active bank owned foreclosure listings on the South Lake Tahoe MLS. There are 6 short sale listings and 3 bank owned foreclosures that are currently under contract.
The most active price range in South Lake Tahoe continues to be under $400,000. Almost half of the current pending properties are under $400,000. Below is a breakdown by price of the 85 escrows:
Price Number of Properties
Under $200,000 6
$201k-$300,000 16
$301k-$400,000 20
$401k-$500,000 14
$501k-$600,000 13
$601k-$700,000 6
$701k-$800,000 4
$801k-$999,000 2
Over 1 Million 4
So far this year there have been 193 total closings reported on the South Lake Tahoe MLS. Last year during the same period there were 194 sales reported. There have only been 8 bank owned foreclosures that have sold and 4 short sales that have sold this year accounting for 8% of the sales.
The average price per square foot for all single family homes sold in South Lake Tahoe has been $258 per square foot. The Median sales price is $355,000 which is up 7.3% from $330,750 in April 2014. The average days on the market for the single family homes was 121 days.
Properties continue to sell close to the asking price when selling within the first few months of being listed.
Properties that sold within the first 30 days of being listed sold for an average of 98.78% of the listing price.
Properties that sold between 31 and 60 days of being listed sold for an average of 97.91% of the listing price.
Properties that sold after 120 days of being listed sold for an average of 95.9% of the listing price.
If you would like more information about the South Lake Tahoe Real Estate market or details on the current South Lake Tahoe Real Estate statistics please call Brent Johnson at (530) 416-2625 today!
I am happy to announce the launch of my new and improved mobile responsive website. Still your online resource for all South Lake Tahoe and Nevada real estate for sale. Now you can search from your smart phone, tablet, laptop and of course your personal computer – quickly and easily. I always endeavor to provide clients with easy access to up-to-dated listings and information impacting the real estate industry. My goal is to enable you make the right decisions about one of your largest investments, whether you are buying or selling a home.
This feature rich website has everything you need to help you in your search for local homes for sale in South Lake Tahoe. Start your advanced search for South Lake Tahoe real estate now or search by map. New to the area? Then search listings by specific Lake Tahoe neighborhoods and get to know each area spefically. Also check out my featured Tahoe properties for sale. Have any questions about a listing or real estate in general then contact me by email or call 530-416-2625.
Interested in being notified of the hottest listings to hit the market? Then be sure to sign up for FREE New Listing Email Notifications or a Free Market Analysis and stay informed of new listings as they the hit the Lake Tahoe real estate market. Only get listings emailed to you that meet your specific criteria. Sign up today!
Have any questions don’t hesitate to contact me – your Lake Tahoe real estate expert both in California and Nevada.
Brent Johson
California and Nevada REALTOR
www.JohnsonsTahoeRealEstate.com
Call 530-416-2625
Email
