Homes in South Lake Tahoe

April 2020 Real Estate Review

The South Lake Tahoe Real Estate market is seeing a decrease in the total number of listings from April 2019. This includes the Active Listings and those that are currently in Escrow. Out of the 201 Active Listings, none are Short Sale and there are 2 REO properties. Out of the 39 properties in Escrow, none are Short Sales and one is an REO. In April of 2019, there were 246 Total Listings, 189 Active Listings, and 57 Escrows.

The median sales price for a Single-Family Home in South Lake Tahoe as of April 2020 is $470,000.00 which is down 2.1% from April 2019. In April of 2019, the median sales price was $480,000. There are currently 39 properties in Escrow and represent 19.4% of the total inventory. Here is a breakdown by price range of the 39 Escrows:

Under $200,000- 0 0%
$201,000 to $300,000- 3 7.7%
$301,000 to $400,000- 9 30.8%
$401,000 to $500,000- 8
$501,000 to $600,000- 3
$601,000 to $700,000- 6
$701,000 to $800,000- 3
$801,000 to $999,000- 3
Over $1 Million- 4 (4 are Chase of which 0 are Zalanta)

From January 1, 2020 to April 27, 2020 there have been a total of 147 closings which is up slightly from the number of closings during the same time in 2019 when there were 133 closings.

Even though we have had more closings so far this year, I expect there to be less home sales in the first half of 2020 compared to 2019 judging by the lower number of pending sales. There has been an increase of activity over the last week which is quite encouraging despite the shelter in place requirements.

I currently have 17 active listings and most of the listings had showings over the last weekend. 6 of my listings received multiple showings and we received offers on 5 of the listings which is a big jump in activity from the previous weekend.

Be sure to check out my Virtual Showing Videos by accessing my YouTube Channel and you can access it by the link –Brent Johnson’s YouTube Channel Click “Subscribe” for upcoming Virtual Showing Videos!

You can also follow along on my Social Media pages for new listings!

Brent Johnson’s Instagram Page

Brent Johnson’s Facebook Page

March 2020 Real Estate Review

The South Lake Tahoe Real Estate market is seeing a slight decrease in the total number of listings from March 2019. This includes the Active Listings and those that are currently in Escrow. Out of the 216 Active Listings, none are Short Sale and there are 4 REO properties. Out of the 54 properties in Escrow, none are Short Sales and none are REO.

The median sales price for a Single-Family Home in South Lake Tahoe as of March 2020 is $470,000.00 which is down 1.3% from March 2019. There are currently 54 properties in Escrow and represent 37% of the total inventory. Here is a breakdown by price range of the 54 Escrows:

Under $200,000- 1 1.9%
$201,000 to $300,000- 2 5.6%
$301,000 to $400,000- 12 27.8%
$401,000 to $500,000- 14
$501,000 to $600,000- 4
$601,000 to $700,000- 6
$701,000 to $800,000- 6
$801,000 to $999,000- 4
Over $1 Million- 5 (4 are Chase of which 0 are Zalanta)

From January 1, 2020 to March 30, 2020 there have been a total of 123 closings which is about the same from the amount of closings during the same time in 2019 which was 121 closings.

We are currently operating during the “Shelter in Place” order that the State of California is under as we are an essential service. We are needing to be creative in order for our clients to be able to purchase homes virtually during this time. I offer Virtual Showings on all of our Active Listings this way people can watch the video first to make sure this is something they are interested in. Buyer’s much be Prequalified prior to looking at a property and must watch the Virtual Showing video prior to entering a property. I can also FaceTime or Zoom any of my clients through properties listed on the MLS if you are not able to come to South Lake Tahoe at this time.

You can access all of my Virtual Showings by visiting my YouTube Channel- Brent Johnson’s YouTube Channel

Please be sure to “Subscribe” to not miss out on future showings!

Stay home, stay safe, and be well!

February 2020 Real Estate Review

The South Lake Tahoe Real Estate market is seeing a slight increase in the total number of listings from February 2019. This includes the Active Listings and those that are currently in Escrow. Out of the 159 Active Listings, none are Short Sale and there are 4 REO properties. Out of the 72 properties in Escrow, none are Short Sales and 1 REO.

The median sales price for a Single-Family Home in South Lake Tahoe as of February 2020 is $475,000.00 which is the same as February of 2019. There are currently 72 properties in Escrow and represent 31.2% of the total inventory. Here is a breakdown by price range of the 72 Escrows:

Under $200,000- 1 1.4%
$201,000 to $300,000- 5 8.3%
$301,000 to $400,000- 12 25%
$401,000 to $500,000- 17
$501,000 to $600,000- 6
$601,000 to $700,000- 11
$701,000 to $800,000- 8
$801,000 to $999,000- 6
Over $1 Million- 6 (4 are Chase of which 0 are Zalanta)

Today, we are faced with several new challenges regarding how Real Estate will be affected due to the worldwide Coronavirus pandemic. We should expect that property showings will be slow since we are required to social distance and in some cases “Shelter in Place”. We will see our market get a later start to our Spring Listing Season as in years before, we would see that would have just begun.

We are still out showing properties, however, we are following strict guidelines to comply with social distancing. We are following our clients instead of riding in the same car to ensure the 6-foot rule, using hand sanitizer frequently before and after entering a property, refraining from touching surfaces, and staying home if we are not feeling well.

In South Lake Tahoe currently, the Casinos, restaurants and bars, some hotels, and other local business are closed until further notice. It will be interesting to see when our town will be back up and running!

Until then, wash your hands and stay well!

Open House Invitation

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!

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

Gardner Mountain Cabin

636 Tata Lane

Offered at $229,000

South Lake Tahoe Real Estate for sale Virtual Tour!!!

If you are looking for real estate in South Lake Tahoe this is the Perfect Tahoe retreat! This darling cabin sits back behind majestic towering pine trees on a 200 foot deep lot and offers the relaxing setting you have been looking for. Only minutes from Tahoe’s best beaches and bike trails along Highway 89, this cabin would make a great weekend getaway or a vacation rental. Bring your hiking boots, mountain bike and snow shoes, this property is just steps from miles of trails through the National Forest. Some of the great features of this cabin are granite counter tops, an open living space, recessed lighting, and a large sunny deck. There is one bedroom and an additional bonus room/sleeping area off of the bedroom. This cabin is a must see if you are looking for real estate in South Lake Tahoe!!!