Lake Tahoe Real Estate Blog

Open House Invitation

January 24, 2020 by bjohnson Leave a Comment

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!

Come join us on January 26th from 11 AM – 2 PM for a chance to view this beautiful property during our Open House!

Hell’s Kitchen in South Lake Tahoe

January 23, 2020 by bjohnson Leave a Comment

Gordan Ramsay, famously known from his hit TV show’s including “Hell’s Kitchen”, is bringing his culinary dining experience to South Lake Tahoe! Just recently opened, the new restaurant is located in the previous Sage Room and Kitchen 19 on the top floor at Harvey’s Casino.

They have transformed this location with an open kitchen concept, that mimics his show, which features Team Red and Team Blue. However, the kitchen will not compete against each other. “Even before the doors open, over 12,000 reservations have been made for one of 151 seats in the 3,160 square foot restaurant located on the casino floor.” Reported South Tahoe Now in their article regarding the opening of Hell’s Kitchen.

Hell’s Kitchen will be open for both lunch and dinner and while walk-ins are welcome, reservations are highly encouraged!

So next time you’re in South Lake Tahoe checking out Real Estate, be sure to check out Hell’s Kitchen! You can book a table here-

Book a Table at Hell’s Kitchen

December 2019 Real Estate Review

January 22, 2020 by bjohnson Leave a Comment

The South Lake Tahoe Real Estate market saw a slight decrease in the total number of listings from December 2019. This includes the Active Listings and those that are currently in Escrow. Out of the Active Listings, none are Short Sale and there are 3 REO properties. Out of the properties in Escrow, none are Short Sales and there is 1 REO.

The median sales price for a Single-Family Home in South Lake Tahoe as of December 2019 is $484,625.00 which is up 2.1% from December of 2018. There are currently 64 properties in Escrow and represent 27.7% of the total inventory. Here is a breakdown by price range of the 64 Escrows:

Under $200,000- 0 0%
$201,000 to $300,000- 6 9.4%
$301,000 to $400,000- 14 31.3%
$401,000 to $500,000- 18
$501,000 to $600,000- 7
$601,000 to $700,000- 3
$701,000 to $800,000- 3
$801,000 to $999,000- 6
Over $1 Million- 7

Here is a comparison from January 2019 for Residential (Single-Family Residence & Condo) located in the City and County areas:

Total Listings–

2019: 248

2020: 231

Active Listings–

2019: 201

2020: 167

In Escrow-

2019: 47

2020:64

Click on this link to access an up to date Neighborhood News Report for the South Lake Tahoe Area-

Neighborhood News Report for South Lake Tahoe

Just Sold! Vacant Lot on 1810 Elks Club Drive, South Lake Tahoe, CA 96150

January 16, 2020 by bjohnson Leave a Comment

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!

Montgomery Estates Retreat- 2245 Lupine Trail, South Lake Tahoe, CA 96150 El Dorado County

January 16, 2020 by bjohnson Leave a Comment

Top Real Estate Agent in South Lake Tahoe

January 16, 2020 by bjohnson Leave a Comment

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 Top Real Estate agent in South Lake Tahoe 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!

Top Producing Agent in South Lake Tahoe! I have been the top producing agent in South Lake Tahoe for the last 6 straight years. In 2019 I sold 94 properties and $56,109,277 in total volume. I was the top selling agent in 2018 with 115 units sold and $60,397,148 in volume (My nearest competitor sold 17 units for $22,033,000)! I was the top selling agent in 2017 with 114 units sold and $58,071,700 in volume! Again, I was the top selling agent in 2016 with 128 units sold and a total volume sold of over $58,000,000, I was also the top agent in sales for both 2014 and 2015.
Top Producing Company! Chase International dominates the Lake Tahoe Real Estate market. Chase International sells the most houses in Lake Tahoe and nearly double the volume of our nearest competitor. Chase International has sold more units and dollar volume than any of their counterparts in Lake Tahoe since 2009!
Testimonials! I not only take great pride in selling more properties than my competitors, I provide top quality service. I have had more clients post testimonials and recommendations on Zillow.com and Trulia.com than any other agent in South Lake Tahoe! My goal is not just to sell your property. I also want to maintain and grow my reputation as one of the best real estate agents in Lake Tahoe!
Full time Assistant! I have an amazing full time assistant that is able to monitor my email when I am at appointments, organize paperwork, and keep my time free to sell your property!
Experience! I have now been a top selling real estate agent in South Lake Tahoe for 16 years. My background as a general contractor and developer has given me the experience needed to be a well-rounded and hardworking Realtor.
The Chase Team! When listing your home with Chase International, you hire an entire team of Realtors and brokers. With my brokers and I working for you, a combined 65 years of experience in the South Lake Tahoe real estate market is on your side. From the pricing of your property through negotiations and closing, be assured that you will have hired the highest level of expertise and experience.
Support! Our office is open 7 days a week! There are experienced agents on hand and ready to show your property when a call comes in. Unlike other smaller offices, you can be assured that an experienced Chase agent will be ready to answer calls from prospective buyers looking for information regarding your property.
Tahoe Local! I was born and raised in South Lake Tahoe and I grew up in the Tahoe Keys, I know the area better than anyone. I know what Tahoe and the Tahoe Keys has to offer. I can sell buyers on the area and your location!
Hard Work! Being a successful developer, contractor, and real estate agent has taken years of hard work. I thrive on success and my great reputation as an honest, ethical, and top producing agent. I have the tools, knowledge, and the drive to sell your property for the highest price in the shortest amount of time as possible!
Professional Photography and Virtual Tours! With over 84% of today’s home buyers searching for homes on the Internet, professional pictures are a must. Not only will your property be one of the first that they see online, it will make the top of the “Must See” list with the high quality professional pictures and virtual tours.
Featured Listings! I pay for my listings to be featured on the top Real Estate websites including Zillow.com, Realtor.com, Trulia.com, www.JohnsonsTahoeRealEstate.com, and more.
Maximum Internet Exposure! My website www.JohnsonsTahoeRealEstate.com is one of the most active and user friendly real estate websites in Lake Tahoe. My blog is updated frequently and produces a lot of business. My website is at the top of page one for many Google search phrases.
Listing Syndication! Your property listing and professional pictures will be syndicated to thousands of websites worldwide! Not only do I pay for featured listings, I manually upload your listing to Postlets.com, craigslist, Facebook, Instagram, YouTube, and many others. With listing syndication your property gains maximum Internet exposure.
Homes and Land Magazine! Even though most home buyers are searching the Internet for properties, I still believe in print advertising. I publish my listings monthly in Homes and Land Magazine. This widely distributed and high quality magazine gives buyers and sellers something to flip through while away from their computer. The professional high resolution photo will insure that your listing stands out above the rest!
Just Listed Postcards! I mail out high quality, glossy, 8”x 5.5” “Just Listed” postcards to property owners in your neighborhood. Some of your neighbors may have friends or family looking to purchase a property and may have a buyer for your listing.
Open Houses! Open houses are a great way to show off your property to home buyers, neighbors, and other Realtors. If my sellers want open houses I give them open houses! Open houses will be advertised in the Tahoe Tribune, the South Lake Tahoe MLS, and Trulia.com.
MLS and Office Tour! Every week the South Lake Tahoe MLS has a caravan style tour of the new listings in South Tahoe. Chase International also has a monthly office tour for our agents to view our new office listings. I am a firm believer in hosting my listings on both tours so that I can market your listing to other local real estate agents.
Marketing Department! Chase International is the only local real estate company with our own marketing department. All of our advertising materials will adhere to Chase’s guidelines and will be second to none in quality and materials.

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!

January South Lake Tahoe Real Estate Review

February 26, 2019 by bjohnson Leave a Comment

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:

Under $200,000- 1 1.8%
$201,000 to $300,000- 2 5.5%
$301,000 to $400,000- 8 20%
$401,000 to $500,000- 13
$501,000 to $600,000- 10
$601,000 to $700,000- 9
$701,000 to $800,000- 7
$801,000 to $999,000- 4
Over $1 Million- 1

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 New Construction in South Lake Tahoe 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!

Additional Photo Tour!

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!

December South Lake Tahoe Real Estate Market Review

January 9, 2019 by bjohnson Leave a Comment

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

Tahoe Keys Real Estate — My new listing at 2157 White Sands offered at $2,695,000!

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.

Under $200,000- 1 2.2%
$201,000 to $300,000- 4 10.9%
$301,000 to $400,000- 5 21.7%
$401,000 to $500,000- 10
$501,000 to $600,000- 3
$601,000 to $700,000- 11
$701,000 to $800,000- 6
$801,000 to $999,000- 1
Over $1 Million- 5

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 bj******@ch****************.com.

South Lake Tahoe Real Estate November Review

December 21, 2018 by bjohnson Leave a Comment

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

South Lake Tahoe Real Estate listing — 1609 Sitka offered at $589,000!

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:

Under $200,000- 1 1.9%
$201,000 to $300,000- 5 11.3%
$301,000 to $400,000- 10 30.2%
$401,000 to $500,000- 10
$501,000 to $600,000- 5
$601,000 to $700,000- 8
$701,000 to $800,000- 7
$801,000 to $999,000- 2
Over $1 Million- 5

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 bj******@ch****************.com or (530) 416-2625 today!

South Lake Tahoe Real Estate Update for October, 2018

October 24, 2018 by bjohnson Leave a Comment

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. South Lake Tahoe Real Estate 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:

Under $200,000- 0 0%
$201,000 to $300,000- 7 7.92%
$301,000 to $400,000- 23 33.7%
$401,000 to $500,000- 20
$501,000 to $600,000- 8
$601,000 to $700,000- 8
$701,000 to $800,000- 9
$801,000 to $999,000- 3
Over $1 Million- 11

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 bj******@ch****************.com or (530) 416-2625 today!

Lake Tahoe Real Estate Blog

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