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Lake Tahoe Real Estate Blog

South Lake Tahoe Real Estate Update as of February 10, 2015

February 11, 2015 by bjohnson Leave a Comment

The South Lake Tahoe Real Estate market continues to show growth in the Median sales price despite one of the worst snow fall years in Tahoe history. I was born and raised here on the South Shore and I can not remember not being able to find snow on the ground at lake level.

There are a couple of main factors that are contributing to the active real estate market. Low interest rates and a low inventory of houses listed for sale on the South Lake Tahoe MLS has kept the real estate market moving all winter long. The median sales price for single family houses sold is now $350,000 which is up 5.6% from $331,500 year to date. The graph below shows the increase in the median sales price over the last 3 years. The market bottomed out around mid 2012 and has shown an upward trend since that time.

In January there were 45 single family homes that were reported as sold on the South Lake Tahoe MLS. Out of the 45 single home sales, 3 were bank owned foreclosures and there were none were short sales.

The current inventory of homes for Sale in South Lake Tahoe remains low. There are now only 150 active single family listings, 2 of the listings are short sales and 5 are foreclosures.  There are currently 63 properties currently in escrow accounting for 25.5% of the total inventory of available homes. Distress sales make up 12.7% of the properties that are in escrow (6 short sales and 2 bank owned foreclosures).

    Breakdown by price range of the 63 escrows

       Price range                               Number of homes

  • Under $200,000                                       8
  • $201- $300,000                                        15
  • $301- $400,000                                        15
  • $401- $500,000                                         5
  • $501-$600,000                                          4
  • $601- $700,000                                         7
  • $701- $800,000                                         6
  • $801- $999,000                                         1
  • Over 1 Million                                             2

For more information about the South Lake Tahoe Real Estate market please contact Brent Johnson at (530) 416-2625 or email him at Bjohnson@chaseinternational.com today!

 

 

 

 

Newer Home for Sale in South Lake Tahoe

February 9, 2015 by bjohnson Leave a Comment

836 Merced Ave.

a01

Offered at $649,000!

Property for Sale in South Lake Tahoe

Virtual Tour

Al Tahoe is one of the most desirable locations for South Lake Tahoe Real Estate. This well maintained newer home is located two short blocks from the beautiful shores of Lake Tahoe. There is a third story roof top deck with a hot tub and filtered lake views. Al Tahoe is close to shopping, Heavenly Ski Resort, Stateline, and just steps from the El Dorado Commons and boat ramp. The gourmet kitchen boasts granite slab counters, a Jenn Air double oven, Bosch dishwasher, and custom hickory cabinetry. The spacious great room has rich hickory hardwood flooring, pine ceilings, and a gas fireplace with a stunning rock surround. The master bedroom has his and her closets, a large master bathroom with custom travertine tile, dual sinks, jetted tub, dual shower heads, and a skylight. Other custom features include heated flooring in the kitchen, guest bath, and master bathroom, an on demand water heater, Carriage House garage door, copper roof flashing and much more! Your home will be protected with a high tech alarm with home automation, remote heat control, and security cameras! This property is perfect for buyers looking to invest in the South Lake Tahoe Real Estate market and to supplement their expenses with vacation rental income. Al Tahoe is well known as a desirable location for vacation rental properties due to the central location and proximity to the lake. If you have any questions about this outstanding opportunity please call your South Lake Tahoe Real Estate expert, Brent Johnson at (530) 416-2625 today!

  • Hickory Hardwood Flooring
  • Pine Ceilings
  • Anderson Doors
  • On Demand Water Heater
  • Custom Natural Stone Tile Throughout
  • Filtered Lake Views
  • Bear Proof Trash Container

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Sky Meadows Cabin

December 16, 2014 by bjohnson Leave a Comment

2328 Sky Meadows Court

Sky Meadows Chalet

Offered at $259,000!

Click here for the virtual tour of this

property for sale in South Lake Tahoe!

If you are looking for Real Estate in South Lake Tahoe, this chalet is a must see! This well maintained cabin is perfect for those looking for an affordable and low maintenance property in South Lake Tahoe. Selling fully furnished this Sky Meadows cabin is ready to use as you weekend retreat or even as a vacation rental. Some of the great features include open beam ceilings, a newer freestanding gas fireplace, newer window coverings, and an open living area. There is no need to go up and down stairs with the kitchen, living area, and one bedroom located on the first level. Sky Meadows is centrally located close to the beaches, shopping, and just minutes from Heavenly Ski Resort in a level and sunny area.
If you would like to set up an appointment to see this cabin or any other properties for sale in South Lake Tahoe please call Brent Johnson at (530) 416-2625.

  • Open Beam Ceilings
  • Forced Air Heating
  • Double Pane Windows
  • Newer Gas Fireplace
  • Sold Fully Furnished
  • Much More!!!

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Cabin in the Woods!

December 9, 2014 by bjohnson Leave a Comment

775 Kiowa Drive

Cabin for sale in South Lake Tahoe

Offered at $269,000

Virtual Tour

click here!

This well maintained cabin offers the ultimate Tahoe setting with Forest Service and Conservancy land on 3 sides. The inviting and open floor plan and an oversized private back deck make this cabin great for entertaining and enjoying all four seasons at the lake. Recent upgrades include a new comp roof, a large storage shed, and a bear proof trash container. Located just steps from miles of hiking, biking, and cross country ski trails this is a perfect place for the outdoor enthusiast. This cabin is currently used as a second home/vacation rental and is sold fully furnished. This may be the setting you have been waiting for! For more information about this great property for sale in South Lake Tahoe please call Brent Johnson at (530) 416-2625 today!

 

  • Newer Roof
  • Bear Proof Trash Container
  • Paved Driveway
  • Gas Heating
  • Double Pane Windows
  • Private Setting
  • Large Storage Shed
  • Much More!!!

 

 

Cabin for sale in South Lake Tahoe Rear Yard
Side Yard
Living Room
Fireplace
Kitchen
Kitchen 2
Dining
Dining area 2
Back Deck
Bedroom 1
Bathroom
Bedroom 2
  •  

 

 

July South Lake Tahoe Real Estate Snapshot

November 5, 2014 by bjohnson Leave a Comment

The South Lake Tahoe Real Estate market saw another slight increase in the median sales price in July, 2014.  The median sales price ticked up to $345,000 in July from $335,000 in June. This is a 18.2% increase from a median sales price of $292,000 in July, 2013. There were 57 single family homes and condos that were sold on the South Lake Tahoe MLS in July, up from 54 in June, and down from 76 in July, 2013.

South Lake Tahoe Real Estate Statistics

  • There were 57 single family homes and condo/townhouses that were sold in July, Up from 54 in June and down from 76 in July, 2013.
    2681 Genoa Offered at $295,000!
    2681 Genoa Offered at $295,000!
  • The median sales price according to the South Lake Tahoe MLS was $345,000, up from $335,000 in June and up from $292,000 in July, 2014.
  • The average sales price was $549,999, up from $362,923 in June and up from $352,402 in July, 2014.
  • The average price per square foot was $267, up from $249 in June and up from $218 in July, 2014.
  • The average days on the market was 98 and the median days on the market was 69.

There were only 3 short sales that closed escrow on the South Lake Tahoe MLS and there were no foreclosures that were sold. In July, 2013 there were 6 short sales and 4 bank owned foreclosures that were sold.

The Tahoe Keys Real Estate market started to heat up in July as well with 7 single family home sales and one townhouse that was sold. The highest sale was 16 Lighthouse Shores which was sold by our office for $5,750,000!

For more information about the South Lake Tahoe Real Estate market please call Brent Johnson at (530) 416-2625 today!

 

 

Beautiful Home in Montgomery Estates

November 5, 2014 by bjohnson Leave a Comment

1843 High Meadows Trail

South Lake Tahoe Real Estate

Offered at $529,000!!!

Click here for additional photos and the virtual tour!

Located in Montgomery Estates on almost 1/3 of an acre this meticulously maintained home is a must see! This property has a private setting and backs up to State Owned Land and is adjacent to a Forest Service lot. With 4 bedrooms, 3 full bathrooms, and two separate living areas this is a great property for larger and/or multiple family’s. Recently upgraded with Aiden Maple Flooring throughout, this tastefully decorated home is selling fully furnished. The master bathroom includes a jetted Jacuzzi tub, dual sinks, and custom tile work. Additional features include a gas fireplace, vaulted ceilings, two water heaters, an oversize garage, and a low maintenance yard with a BMP certificate issued! Centrally located close to Heavenly Ski Resort, the Casinos, and near miles of trails, this is the ultimate Tahoe vacation home! This is one of the best values in the South Lake Tahoe Real Estate market today!

 

  • Fully Furnished
  • Montgomery Estates location
  • Minutes from Heavenly Valley Ski Resort
  • Huge 1/3 acre lot
  • Double Pane Vinyl Frame Windows
  • Hardwood Flooring
  • Much More!

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South Lake Tahoe Real Estate Snapshot for June 2014

November 3, 2014 by bjohnson Leave a Comment

South Lake Tahoe Real Estate
1843 High Meadows Trail Offered at $539,000!

The South Lake Tahoe Real Estate market was quite active in June with 56 single family homes and condo/townhouses sold on the South Lake Tahoe MLS. Although the market was quite active the median sales price remained the same as the previous month at $335,000. This is an 18% increase in the median sales price year to date.

South Lake Tahoe Real Estate Statistics

  • There were 56 single family homes and condos sold in June, 2014, up from 49 in May and up from 54 in June, 2013.
  • The median sales price for the single family homes that were sold in June was $335,000, the same as May and up 18% from $284,000 in June, 2013.
  • The average sales price was $362,923, down from $370,318 in May and down from $389,611 in June, 2013.
  • The average price per square foot was $249, up from $242 in May and up from $222 in June, 2013.
  • The average days on the market was 88 and the median days on the market was only 62 including the escrow period.

There were five bank owned foreclosures that were sold in June and there were no short sales that closed escrow. In May there were 3 bank owned properties that were sold and 6 short sales that closed escrow.

The quicker the houses were selling the closer to asking price the sellers were able to obtain. There were 5 homes that sold within the first 30 days on the market and they sold for an average of 98.15% of the listing price. There were 22 homes that were sold from 31-60 days on the market and they sold for an average of 98.5% of the list price. The houses that sat on the market for over 120 days had more wiggle room and sold for an average of 92.56% of the listing price.

For more information about the South Lake Tahoe Real Estate market or to set up an appointment to view any of the homes for sale in South Lake Tahoe please call Brent Johnson at (530) 416-2625 today!

Immaculate and Upgraded Ski Cabin!

October 8, 2014 by bjohnson Leave a Comment

1507 Black Bart

Cabins for sale Lake Tahoe

Offered at $295,000!!!

Virtual tour and additional photos

Immaculate Tahoe Chalet located just minutes from Heavenly Valley Ski Resort and the shores of beautiful Lake Tahoe! This well kept cabin shows like new both inside and out. The mountain contemporary theme offers the perfect blend of pine T&G paneling, sheet rock, and log accents. The living area is sure to impress with rustic open beam ceilings, slate flooring, and a gas stove with a brick surround. The recently updated kitchen has custom hickory cabinetry, granite slab counter tops, a gorgeous tumbled travertine back-splash, and a gas stove. Exterior features include a metal roof, trex decking, vinyl frame double pane windows, a storage shed, and a hot tub. The oversize 10,019 square foot fully fenced lot is the perfect place for Tahoe outdoor living and has plenty room for boat and RV parking. This classic Tahoe Chalet is a must see!

  • Large level lot with boat/RV storage
  • Slate flooring
  • Open beam ceilings
  • Vinyl frame double pane windows
  • Metal roof
  • Hot tub
  • Much More!!!

Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe
Cabins for sale lake tahoe

For more information about this cabin for sale in South Lake Tahoe or the South Lake Tahoe Real Estate market please call Brent Johnson at (530) 416-2625 today!

Newer Home for sale in Al Tahoe

October 3, 2014 by bjohnson Leave a Comment

844 Merced Ave.

Homes for sale in Al Tahoe

Offered at $529,000!

Virtual Tour and Additional Photos

Location, Location, Location!!! This newer and well maintained home is located only one block from the lake in the desirable Al Tahoe area. Perfect for entertaining, the spacious great room has vaulted ceilings, a gorgeous wood burning fireplace, and plenty of natural sun light. The kitchen includes stainless steel appliances, granite slab counter tops, and miles of counter space. The oversize master suite has a walk in closet and a master bathroom with dual sinks, a jetted jacuzzi tub, and custom tile work. The second living area downstairs offers easy access to the fully fenced rear yard for the pets and a game of horseshoes. Just steps from the shores of beautiful Lake Tahoe and only minutes from Heavenly Ski Resort, the Casinos, and the El Dorado Commons, this location is hard to beat. Currently a successful vacation rental and selling completely furnished from the cookware to the hot tub, this property is truly turn key! For more information about this listing and the South Lake Tahoe Real Estate Market please call Brent Johnson at (530) 416-2625 today!

  • Granite Counters
  • One Block From the Lake
  • Built in 2006
  • Open Floor Plan
  • Wood Burning Fireplace
  • Fully Furnished
  • Much More!

Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe
Homes for sale in Al Tahoe

 

 

Newer Home With Mountain Views!

October 3, 2014 by bjohnson Leave a Comment

1260 Pyramid Circle

Homes for sale in South Lake Tahoe

Offered at $629,000!

Virtual Tour and additional photos of this

custom home for sale in South Lake Tahoe

This is one of the cleanest custom homes for sale in South Lake Tahoe! Mint condition newer home with mountain views in all directions! This custom home has a spacious great room and an additional sitting area with a gorgeous rock fireplace and Brazilian acacia hardwood flooring. The kitchen offers rich stained alder cabinets with soft close doors and drawers, a commercial gas range, and granite slab counters. The luxurious master bathroom is trimmed with travertine tile and includes a steam shower, jetted tub, dual sinks and in floor heat. The covered rear deck overlooks the lushly landscaped boulder studded 11,326 square foot lot. The back yard is fully fenced and has gated boat/rv parking. The massive triple car garage is approximately 1,000 square feet with epoxy covered floors, a built in work bench, and a wash basin with hot water. Other great features include a large laundry room with built in cabinets, 9′ tall ceilings, storage under the front deck, and Azek decking. All of this and across from miles of hiking, biking, and snowmobiling trails! For more information about this custom home for sale in South Lake Tahoe please call Brent Johnson at (530) 416-2625 today!

  • Heated stone flooring
  • Hardwood flooring
  • Commercial gas range
  • Boat/RV parking
  • Massive 3 car garage
  • Much more!!!

homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe
homes for sale in South Lake Tahoe

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