Archive for January, 2011

A Case of Pedestrian South Lake Tahoe Crud…

January 30th, 2011 categories: About Us, For Buyers, For Sellers, Lake Tahoe Real Estate, South Lake Tahoe, CA, Stateline, NV

The plague came from school… or the Joy of Having a South Lake Tahoe Real Estate Partner

The good news is we got fresh snow in South Lake Tahoe last night. The bad news is I've been prone and dumb as a rock since last Thursday, which means I have not been able to go out and enjoy the new powder.

Better news though, is having a partner, my brother and our people person extraordinaire, means we're never down when one of us under the weather. So Gary has been showing some of our listings for the last three days… while I have been contemplating… well, fevered glop would be a start.

We're showing our listing at 1541 Tam O Shanter today, and truth be known I don't know why it isn't in escrow already. It's a great house at a great price (here).

the ful is never for the feint of heartWhile Gary is out showing, thoughts have wondered. Am thinking of our son at school, which is where this crud came from. Today, just right now, am pretty sure the bubonic plague got it's start at school. And this is not to complain, but only to observe.

What is a drag about this forced respite though, is I lost 3 days of work. We're ramping up to do one of our FREE real estate seminars again, on February 26th, and am plenty busy enough with all of the attendant things that entails.

Hopefully will be back at it full bore tomorrow. In the meantime, I'm still thinking about pedestrian surprises that come home from school.

Other Lake Tahoe Real Estate Blog posts you may find of interest:

April 7, 2008: One Case of the Flu We Hope You Never Get
October 4, 2007: The Dog ate My Cellphone… and there went the Easy Money

Tags: , , , ,

Written by Richard Bolen | Discussion: Please leave a comment.

South Lake Tahoe, CA Distressed Property Listings by Month

January 26th, 2011 categories: Buyers Report, For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, short sales, South Lake Tahoe Statistics, South Lake Tahoe, CA

South Lake Tahoe, CA 2010 homes for sale listings by month

No "Foreclosure Deluge" in South Lake Tahoe, CA… Yet!

Here's an update of all South Lake Tahoe, CA home listings by month since Jan 1, 2010. The purpose this study is to detect any increases in foreclosure listings, and to see if there have been any notable changes in traditional home listing patterns.

The subtext of this, of course, is to determine if the sky is falling, which is the basis of much reported assertions and predictions of a foreclosure deluge that is sure to come. We have been seeing these predictions since the beginning of 2009; they haven't come yet, which is not to say they never will.

There's a chart below, and in it are the total homes for sale listings by month for 2010. Also are looks at the number of bank owned (REO) and short sales listed per month, and the percentage of distressed properties listed per month compared to home listings that were not distressed.

What's interesting to us is there are still homes on the market that were listed in 2007 and 2008, and there are some 55 homes on the market for sale that were listed in 2008 and 2009.

 The Bottom Line :
A study of South Lake Tahoe, CA homes for sale listings in 2010 reveals:

  • There are no new distressed listings in 2011 as of today (Jan. 26, 2011).
  • Listing volume follows traditional annual patterns: more homes for sale in the middle of 2010 than at the beginning or end.
  • The incidence of bank owned and short sale listings has varied, rather than notably increased throughout 2010.
  • For the most part, the volume of distressed listings generally follows traditional listing patters, however, with more in the middle quarters of 2010 than at either end.
  • The greatest percentage of distressed listings was in the first three months of 2010 (Q1).
  • The least percentage of distressed listings was in the second quarter of 2010 (Q2).
  • The greatest number of distressed listings was in the third quarter of 2010 (Q3).
  • The least number of distressed listings was in the second quarter of 2010 (Q2).

 The Details :

2011 South Lake Tahoe, CA listings: (as of right now)
Bank Owned: 0
Short Sales: 0
Total number listings: 20

Lets look at South Lake Tahoe homes for sale listings by quarter for 2010 to date:

Total Number of 2010 Listings:

Q1: 150
Q2: 222
Q3: 223
Q4: 150

Percentage of Listings that were distressed (bank owned or short sales)

Q1: 42.7%
Q2: 23.9%
Q3: 37.2%
Q4: 30.7%

Number of Bank Owned Listings (REOs):

Q1: 39
Q2: 36
Q3: 51
Q4: 19

Number of Short Sales Listed:

Q1: 25
Q2: 17
Q3: 32
Q4: 46

The chart below is the source of this study. (Here for chart in full size).

http://www.laketahoerealestateblog.com/2010/11/23/south-lake-tahoe-ca-2010-home-listings-for-sale-by-month/

Previous Lake Tahoe Real Estate Blog posts:

Nov 23, 2010: South Lake Tahoe, CA Homes for Sale listings by month
Jul 1, 2010: South Lake Tahoe Foreclosures… no change yet.
May 11, 2010: Where is the new foreclosures deluge?
Nov 15, 2009: October Foreclosures down… what does it mean?
 

Tags: , , , , , , ,

Written by Richard Bolen | Discussion: Please leave a comment.

Recent National Economic and Real Estate News and comments about South Lake Tahoe, CA

January 25th, 2011 categories: Buyers Report, For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, National real estate news, South Lake Tahoe Statistics, South Lake Tahoe, CA

National real estate news and South Lake Tahoe, CAIncreasingly, the news is getting better, and that's good for South Lake Tahoe.

We though it would be helpful to list a few recent news items we've seen. We'll comment on each one briefly as it might relate to South Lake Tahoe.

Some of this news is better for the US economy, some not exactly, but the overall impression we are getting is the economy is improving slightly, and the jobs market, while better, is not improving enough yet to affect the current 9.4% employment rate.

"Consumer Confidence Hits 8-Month High" (Associated Press, here)
This report suggests that people are starting to feel better about the job market. While confidence is distant from what signals a healthy consumer mindset, the January report detailed in the AP article says that improvement was better than expected. Some economists said the big tax relief package Congress passed in late December may have helped.

What's good about this for South Lake Tahoe, CA is what we discuss much about below. Consumer perception may not be real, but it is reality. Remember, although buying a house is a very big ticket item, it is still based on an emotional decision. And our emotions are always better… when we are more confident and feel better.

"Home Prices Fall in Major US Cities" (Associated Press, here)
This comes via the monthly Case Schiller index. It's the last November report comparing home sales to last October. We covered that ground back then, and we are still seeing a slight median sold price decline in South Lake Tahoe.

Also as it relates to South Lake Tahoe, CA, what's good about this report also has to do with public perception, though this does take focus to see through the clutter. First home prices in the top US cities do not affect those of South Lake Tahoe.

Secondly, the South Lake Tahoe, CA median sold price for all of 2010 was $299,000 (not including Tahoe Keys). It is the same today, $285,000, as it was a week ago. On September 4th last year, it was $291,000. What this means is we are still seeing a slight decline of the South Lake Tahoe median sold price, though only 2% ($6,000) in the last 6 months. That $6,000 decline is coincidentally the same as the final median sold decline we saw in all of last year.

With public perception about the economy, and the country in general on the upswing, the decline in the value of existing home sales last November as found in the Case Schiller index may help to stave off rising mortgage interest rates. It could also help combat resolve with home sellers, whose position as to home values will eventually increase as things get better.

In other words, even though urban home value has nothing to do with South Lake Tahoe, a report such as this drives perception… and helps keep a buyers advantage before things eventually change again.

"Americans More Optimistic of State of Nation" (CNN Political Ticker, here)
With the State of the Union speech hours away, a new national poll indicates a surge in optimism about the state of the nation. While 56% of Americans still think things are going badly, those with that sentiment have dropped from 71% since the end of the year. In other words a better feeling about things is growing rather rapidly.

This affects South Lake Tahoe, CA in terms of an increasingly better public perception, which always affects a housing market more positively than negatively.

"Hiring Plans Top Layoffs by Most in 12 Years" (Associated Press, here)
This report states that many economists believe the U.S. economic recovery is gaining strength, and that more firms are expressing more positive hiring plans than in over a decade.

What this means to South Lake Tahoe, CA is a better public perception of the economy. This is good for home buyers, who would much rather buy through optimism than not, although "better news" will eventually lead to both higher home prices and higher interest rates.

If we were buying now, we'd think advantage should be taken of the current market condition, and especially of near historic lows in the mortgage interest rates.

"Home Sales hit 13-year Low" (Associated Press, here)
Article states that US existing home sales fell by 4.8%, a near decade and a half low. South Lake Tahoe, CA, on the other hand, had a 2010 increase in existing home sales by 16.3% (71 more home sales than that of 2009).

What this means more than anything is two things: (1) things are different in a resort market, and (2.) all real estate markets are local.

"2010 Ends as 2nd Worse Year for Home Instruction" (Associated Press, here)
This makes sense considering the overall 2010 US economy, but as it relates to South Lake Tahoe, CA, there is always little new home construction. This has much to do with our environmental growth restrictions, which helps make South Lake Tahoe such an everlasting resort environment destination wonder.

Construction regulation also naturally limits supply, which has a general historic effect of keeping home prices up, or down less, compared to the rest of the nation too.

"Home Building Permits Soar 17%" (CNNMoney.com, here)
On the heels of the report above about the scarcity  of new home construction in 2010 comes this: December new home construction permits nationally increased by 17%. The affect of this on South Lake Tahoe new home construction is minimal, but news such as this does contribute to perception that things are getting better.

Some 2010 year-end Lake Tahoe Real Estate Blog posts you may find of interest:

Jan 21, 2011: South Lake Tahoe median sold prices since 2005.
Jan 21, 2011: South Lake Tahoe, CA distressed home sales by neighborhood since 2009.
Jan 22, 2011: South Lake Tahoe housing demand by neighborhood since 2008

More articles about South Lake Tahoe, CA home values:

Oct 9, 2011: Analysis of South Lake Tahoe, CA home sales
Oct 2, 2010: Better News for Buyers…
Aug 31, 2010: US Home Prices Up… what about South Lake Tahoe?
Aug27, 2010: I Woke Up this Morning… to the South Lake Tahoe Blues.
Jul 1, 2010: South Lake Tahoe Foreclosures: No Change Yet.
May 15, 2010: Where is the New Foreclosures Deluge?
Nov 15, 2009: Foreclosure Filings Down in October, what does it mean?
Nov 24, 2008: Sometimes South Lake Tahoe and National Real Estate Trends just don't Jive

Tags: , , , , , , , ,

Written by Richard Bolen | Discussion: Please leave a comment.

South Lake Tahoe Event Spotlight: Free Guided Snowshoe Trek

January 25th, 2011 categories: Lake Tahoe Real Estate

Event Spotlight

Tahoe Rim Trail Association Offers Free Guided Snowshoe Trek to Martis Peak

Winter can be cold, sure, but what could be more beautiful than a crisp winter's day at Lake Tahoe, with the sun shining and our famous blue skies?

The Tahoe Rim Trail Association offers all of us a way to enjoy the natural beauty of our area, and socialize and exercise at the same time: snowshoe trekking! 

Kick up your snowshoeing expeditions a notch on this 8-mile trek to Martis Peak, located above King’s Beach on the North Shore. Once there, enjoy beautiful panoramic views of the “Jewel of the Sierra” – Lake Tahoe!

This trek is taken at a leisurely pace and led by experienced trail guides, and is great for all abilities, although a shorter hike might be more appropriate for kids. 

If this particular trek doesn't mesh with your current schedule, don't despair!  Free guided snowshoe treks will be offered by the TRTA each and every Saturday through the end of March.

Don't you just love it when something fun is actually good for you?  We sure do !

Please sign up for the hike(s) you're interested in by emailing or by calling the Tahoe Rim Trail Association (info listed below).

Here's the when and where:

Martis Peak Snowshoe Trek
Date of Hike: Saturday, January  29
Meeting Place: Martis Peak Road (call the TRTA for more specific info)
When to Meet: please contact the TRTA
Distance: 8 mile loop
Expected Time: 4-5 hours
Difficulty: Moderate

Contact the Tahoe Rim Trail Association (TRTA)

Website: www.tahoerimtrail.org
Email:   programs@tahoerimtrail.org
Phone:   775-298-0012

Sources: TahoeSouth, Tahoe Rim Trail Association

Some Previous Event Spotlights:

10/06/2010, Hiking the Tahoe Rim Trail, here
06/27/2010, Ranger Programs at Taylor Creek, here
06/18/2010, Lake Tahoe Paddle Festival, here

Tags: , , , , , , , , ,

Written by Richard Bolen | Discussion: Please leave a comment.

South Lake Tahoe, CA Median Sold Price and Home Values by Neighborhood since 2005

January 21st, 2011 categories: Lake Tahoe Real Estate

South Lake Tahoe, CA median sold prices by neighborhood since 2005The Top 5 Highest Valued, and Best Valued for Buyers, South Lake Tahoe, CA neighborhoods.

Year-end is always a good time to look at overall South Lake Tahoe, CA real estate data, and we thought you might find a study on home values and median sold prices by neighborhood.

The study here looks at 2010 home sales, and those of both 2009 and 2008. In other words, for the last three years. We further added a look back to 2005, which will give us a clear picture of home value decline at our market highs.

Also included in this study are sales over the last 365 days, which, while not being vastly different than 2010 sales now, will eventually give us a truer indication of how home values in 2011 are performing the further we get into the year.

The chart below was used for this study, and while wee here, you may click on the link above it to see it in full size.

List or buy from the Lake Tahoe Real Estate BlogThe top 5 neighborhoods with the highest median sold price in 2010:

  • 1. Tahoe Keys: ($675,000)
  • 2. Montgomery Estates: ($496,000)
  • 3. Country Club Estates: ($485,000)
  • 4. Heavenly Valley: ($454,300)
  • 5. North Upper Truckee: ($380,000)

The top 5 neighborhoods with the lowest median sold price in 2010:

  • 1. Stateline Area: ($169,250)
  • 2. Sierra Tract: ($188,000)
  • 3. Y Area: ($215,000)
  • 4. Black Bart: ($227,000)
  • 5. Tahoe Island Park: ($235,000)

The top 5 neighborhoods with the greatest median sold price increase from 2009 to 2010: (only 4 were positive, and two tied for fifth most with no increase at all)

  • 1. Country Club Estates: ($111,500 increase, 29.2%)
  • 2. Montgomery Estates: ($91,500 increase, 22.6%)
  • 3. Christmas Valley: ($20,500 increase, 6.1%)
  • 4. Heavenly Valley: ($11,800 increase, 2.7%)
  • 5. North Upper Truckee: ($0, no increase)
  • 6. Y Area: ($0, no increase)

The top 5 neighborhoods with the greatest median sold price decline from 2009 to 2010: (13 neighborhoods were negative)

  • 1. Black Bart: ($242,500 decline, – 51.6%)
  • 2. Stateline Area: ($91,250 decline, -11.4%)
  • 3. Tahoe Island Park: ($67,500 decline, -22.3%)
  • 4. Highland Woods: ($50,000 decline, -14.3%)
  • 5. Meyers: ($25,000 decline, -8.6%)

The top 5 neighborhoods with the least amount of median sold price decline since our 2005 market high: (there is no increase, all are negative. In other words, these five neighborhoods best kept their value from 2005)

  • 1. Heavenly Valley: ($126,850 decline, -21.8%)
  • 2. Meyers: ($130,500 decline, -33%)
  • 3. Tahoe Paradise: ($137,500 decline, -27%)
  • 4. Y Area: ($138,000 decline, -39.4%)
  • 5. Montgomery Estates: ($148,500 decline, -23%)

The top 5 neighborhoods with the most amount of median sold price decline since our 2005 market high: (these five have lost the most value since 2005)

  • 1. Tahoe Keys: ($458,000 decline, -40.5%)
  • 2. Stateline Area: ($250,000 decline, -62.5%)
  • 3. Tahoe Island Park: ($250,000, -51.5%)
  • 4. Highland Woods: ($217,500 decline, -43.5%)
  • 5. Christmas Valley: ($196,000 decline, -35.3%)

The chart below is the source of this study. (see it in full size here)

South Lake Tahoe, CA median sold prices by neighborhood since 2005

Other relevant 2010 year-end Lake Tahoe Real Estate Blog posts you may find of interest:

Jan 21, 2011: South Lake Tahoe, CA distressed home sales by neighborhood since 2009.
Jan 22, 2011: South Lake Tahoe housing demand by neighborhood since 2008

More articles about South Lake Tahoe, CA home values:

Oct 9, 2011: Analysis of South Lake Tahoe, CA home sales
Oct 2, 2010: Better News for Buyers…
Aug 31, 2010: US Home Prices Up… what about South Lake Tahoe?
Aug27, 2010: I Woke Up this Morning… to the South Lake Tahoe Blues.
Jul 1, 2010: South Lake Tahoe Foreclosures: No Change Yet.
May 15, 2010: Where is the New Foreclosures Deluge?
Nov 15, 2009: Foreclosure Filings Down in October, what does it mean?
Nov 24, 2008: Sometimes South Lake Tahoe and National Real Estate Trends just don't Jive

Tags: , , , , , , ,

Written by Richard Bolen | Discussion: Please leave a comment.

South Lake Tahoe, CA Distressed Sales by Neighborhood since 2009

January 21st, 2011 categories: California Neighborhoods, For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, Major Market Reports, Market Performance Updates, South Lake Tahoe Statistics, South Lake Tahoe, CA

South Lake Tahoe, CA distressed sales by neighborhood since 2009

The Top 5 South Lake Tahoe, CA neighborhoods with the most distressed home sales.

With almost one out of every two 2010 South Lake Tahoe, CA homes for sale being a distressed property, we thought this study might be helpful.

The actual percentage of distressed home sales in South Lake Tahoe in 2010 was 44.7%. Lets look at what neighborhoods had the most distressed sales.

The top five South Lake Tahoe, CA with the most distressed sales in 2010:

  • 1. Bijou 1 & 2: (25)2.
  • 2. Sierra Tract: (24)
  • 3. North Upper Truckee 1 & 2: (23)
  • 4. Pioneer Trail: (19)
  • 5. Country Club Estates: (18)

The top five South Lake Tahoe, CA neighborhoods with the most distressed sales in 2009 and 2010: (3 tied for 5th)

  • 1. Bijou 1 & 2: (47)
  • 2. Sierra Tract: (42).
  • 3. North Upper Truckee 1 & 2: (33)
  • 4. Tahoe Paradise: (28)
  • 5. Pioneer Trail: (27)
  • 6. Gardner Mountain: (27)
  • 7. Montgomery Estates: (27)

The top five South Lake Tahoe, CA neighborhoods with the greatest percentage of distressed sales compared to the number of homes in the neighborhood:

  • 1. Black Bart: (6%)
  • 2. Tahoe Paradise: (5%)
  • 3. Sierra Tract: (4.2%)
  • 4. Pioneer Trail: 3.9%)
  • 5. Tahoe Island Drive: (3.5%)

Chart below is source for this study. (see it in full size here)

South Lake Tahoe, CA distressed sales by neighborhood since 2009

Other related Lake Tahoe Real Estate Blog posts you may find of interest:

Jan 22, 2011: South Lake Tahoe median sold values by neighborhood since 2005.
Jan 22, 2011: South Lake Tahoe housing demand by neighborhood since 2008

Tags: , , , , , , , , ,

Written by Richard Bolen | Discussion: Please leave a comment.

South Lake Tahoe, CA Housing Demand by Neighborhood since 2008

January 21st, 2011 categories: Lake Tahoe Real Estate

South Lake Tahoe, CA housing demand by neighborhood since 2003

The Top Five Home Selling South Lake Tahoe Neighborhoods

We thought it would be helpful to track South Lake Taghoe, CA housing demand by neighborhood, and to best do that we figured a 3-year time frame would be insightful.

All major South Lake Tahoe, CA neighborhoods are here, though there are only a few sales not included. These are in seldom sold odd areas and subdivisions which had in total about 9 sales last year.

The chart below is the source of this information:

The five neighborhoods with the most number of houses are: (and these numbers are approximate)

  • 1. Bijou 1 & 2: 1,400
  • 2. North Upper Truckee 1 & 2: 1,325
  • 3. Sierra Tract: 1,010
  • 4. Montgomery Estates: 925
  • 5. Tahoe Keys: 900

The five neighborhoods with the most 2010 houses sold are: (and these numbers are exact)

  • 1.  Tahoe Keys: 54
  • 2. North Upper Truckee 1 & 2: 51
  • 3. Bijou 1 & 2: 47
  • 4. Al Tahoe: 40
  • 5. Sierra Tract: 39

The five neighborhoods with the most houses sold in the last 3 years are: (numbers exact)

  • 1. Bijou 1 & 2: 135
  • 2. Tahoe Keys: 118
  • 3. North Upper Truckee 1 & 2: 115
  • 4. Sierra Tract: 101
  • 5. Tahoe Paradise: 95

All of the above makes sense, especially since most all are our neighborhoods with the greater number of houses. Taking that into consideration, lets look at some percentages of sales based on neighborhood density.

The five neighborhoods with the greatest percentage of 2010 home sales:

  • 1. Tahoe Paradise: (6.6%)
  • 2. Tahoe Keys: (6.2%)
  • 3. Black Bart: (5%)
  • 4. Pioneer Trail: (4.8%)
  • 5. Tahoe Island Drive: (4.7%)

The five neighborhoods with the greatest percentage of home sales in the last three years:

  • 1. Tahoe Paradise: (17%)
  • 2. Highland Woods: (14.3%)
  • 3. Tahoe Keys: (13.5%)
  • 4. Tahoe Island Drive: (13.3%)
  • 5. Pioneer Trail: (10.6%)

This chart is the source material for this study: (see it in full size here)

South Lake Tahoe, CA housing demand since 2008

Other related Lake Tahoe Real Estate Blog posts you may find of interest:

Jan 22, 2011: South Lake Tahoe, CA Distressed Sales by Neighborhood
Jan 22, 2011: South Lake Tahoe Median Sold Prices by Neighborhood since 2005

Written by Richard Bolen | Discussion: Please leave a comment.

Final 2010 South Lake Tahoe homes for sale report: Al Tahoe

January 20th, 2011 categories: Al Tahoe, Buyers Report, California Neighborhoods, For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA, Video Seminar Series

South Lake Tahoe Real Estate: Al Tahoe Neighborhood

Al Tahoe neighborhood, South Lake Tahoe, CA: Final 2010 Real Estate Listings Activity.

Al Tahoe is one of South Lake Tahoe's most desirable neighborhoods. It is also one of the oldest.

Among the neighborhood’s features is its lakefront location, wide open meadows, stunning Lake Tahoe and High Sierra Mountain views, sunny public beaches, tall tress and a lakeside park amid an alpine forest setting.

With about 900 homes, Al Tahoe always has a variety of attractive housing choices… that spans the range of South Lake Tahoe residential real estate. Here, market entry, mid market and high end properties can be found.

There are lake front homes, new remodels, some new construction… and small cabins in original, old Lake Tahoe condition, many of which represent significant updating and value increasing opportunities.

Al Tahoe has always experienced high demand and meaningful value increases, particularly up to the market change in the last quarter of 2005.

One reason for Al Tahoe demand is its close proximity to the Lake. With its central, in-town location, Al Tahoe is at the center of South Lake Tahoe’s vacation shopping, restaurant and dining district. Here, we are minutes away of Lake Tahoe's awesome outdoor alpine winter and summer recreation and year round entertainment attractions.

There are many old cabins… and often some of these can be found next to large, newer constructed homes. Al Tahoe is always evolving.

The few Al Tahoe lakefront properties are always the highest home values in the neighborhood.

Al Tahoe has a wonderful historic district, this is where some of the oldest, most charming cabins are found on the Lake. Many of these have been in the same family for generation after generation.

One of Al Tahoe's other attraction wonders is the Upper Truckee Marsh, a stunning wetland reserve that wraps around two sides of Al Tahoe that is within easy walking distance to the entire neighborhood.

At the end of the Marsh next to the lake is a secluded beach. Many Al Tahoe homes along the Marsh have it's open expanse, hiking trails, wild, and not so wildlife, and it's inspiring views, as a backyard.

And oh yes, from time to time one can see both of Lake Tahoe's paddle wheelers, The MS Dixie II and Tahoe Queen from the beach here.

The lowest Al Tahoe sale in the last three years was $144,000, which surprisingly was not a distressed property sale (2943 Oakland). The highest sale was $1,060,000, a large house on the edge of the Upper Truckee Marsh near the secluded beach there (689 Lily).

The 2010 Al Tahoe median sold price was $280,000, which is $20,000 or 6.6% lower than that of 2009. The 2008 median sold price, however, was $427,500, or $147,000 or 34.4% higher than it is now.

At present half of all Al Tahoe listings are priced under $300,000, which is good news for buyers looking for opportunity in one of South Lake Tahoe's most coveted neighborhoods.

We’ve just updated all Al Tahoe neighborhood real estate activity in South Lake Tahoe, including final 2010 sales to date, current escrow and all active listings. Please note "Al Tahoe (CA)” found in our left sidebar.

  • Final 2010 Al Tahoe single family home sales, here.
  • Current  Al Tahoe, South Lake Tahoe single family homes in escrow,  here.
  • Current  Al Tahoe, South Lake Tahoe single family homes listed,  here.

Al Tahoe neighborhood movie (here)

Also note the information about distressed sales so you can easily determine if a house is bank owned, a short sale or not.

Al Tahoe view of South Lake Tahoe, CA  2010 Al Tahoe homes for sale activity :

  • There were  40  Al Tahoe single family home sales in 2010. Eighteen of these were distressed properties (45%).
  • There are  13  Al Tahoe single family home  listed and available for sale that are not in escrow right now. At least  two of these are distressed properties (15%).
  • There are 5  Al Tahoe single family homes in escrow at present.  Three of  these is a distressed property (60%).

Sales Statistics:

 Final 2010 Sales
Lake Tahoe Real Estate Blog
Al Tahoe
Median Sold Price $280,000
Average Sold Price $326,863
Average List Price $380,696
$ Difference List v. Sold $53,833
% Difference List v. Sold 14.1%
Average Days on Market 168
Average Price Sq. Ft. $210
Average Size 1,604
 
As of  Thursday, January 20, 2011
8:27 am
Gary Bolen and Richard Bolen
McCall Realty – 800-923-9022

Some of our previous Al Tahoe posts:

Oct 13, 2010: Al Tahoe real estate update
Sep 11, 2010: An Al Tahoe Neighborhood movie
Aug 4, 2010: A Closer Look at Al Tahoe
Jan 26, 2010: Al Tahoe homes for sale update
Feb 15, 2009: Al Tahoe real estate listings update
Aug 9, 2009: Al Tahoe homes for sale Update
Aug 6, 2008: Al Tahoe home listings update

South Lake Tahoe Real Estate: Al Tahoe NeighborhoodWhy we publish this blog:
We support our families by helping folks buy and sell real estate. We're licensed in both CA and NV, have the best and most advanced professional credentials possible. We sell single family homes, townhomes, condominiums, lots and land.

Our blog is intended as a public resource where one can find the most complete real estate information possible about the South Lake Tahoe real estate market. Accurate market statistics available 24/7 without agenda is central to our resolve. The goal here is twofold: to show you convincingly why you should consider asking us for help, and that you can trust the help that you will find.

Email us directly here. Call us: 800-923-9022.
Search South Lake Tahoe, CA listings here. Search Stateline, NV listings here. Automatic Listing notification here.

Tags: , , , , , , , , ,

Written by Richard Bolen | Discussion: Please leave a comment.

Final 2010 South Lake Tahoe homes for sale report: Bijou

January 20th, 2011 categories: Bijou, Buyers Report, California Neighborhoods, For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA, Video Seminar Series

South Lake Tahoe Real Estate: Meyers Neighborhood

Bijou, South Lake Tahoe, CA: Final 2010 Real Estate Homes for Sale Activity.

With about 1,400 homes, Bijou is another one of South Lake Tahoe’s oldest neighborhoods. It's two neighborhoods actually on our multiple listing service, Bijou 1 and Bijou 2. We just refer to them as Bijou.

Features are wide open meadows, high sierra mountain views, close proximity to the lake, and all things fun about South Lake Tahoe.

Homes range from small, charming entry-level starters, to mid-range primary and vacation homes, to large remodels and some new construction and high end luxury homes as well. 

Bijou's is set amid easy vacation shopping, South Lake Tahoe dining, and we're literally minutes away from awe inspiring South Lake Tahoe's winter recreation and summer time wonders.

Bijou is right in the middle of Lake Tahoe's famed year around entertainment and nightlife attractions.

Home prices range from small, older homes in original condition priced at market entry to larger, more luxurious homes much above that. But Think most home prices in the $2's and $3's on average here.

The lowest sale in the last three years was $88,725, a bank owned property sold in 2010 (3606 Birch). The highest was sale was $840,000, which was originally listed for $1,150,000 in 2008 (3535 Bode Dr.).
 

We’ve just updated all Bijou neighborhood real estate homes for sale activity in South Lake Tahoe, including final 2010 sales, current escrow and all active listings. Please note "Bijou (CA)” found in our left sidebar.

  • Final 2010 Bijou single family home sales, here.
  • Current  Bijou, South Lake Tahoe single family homes in escrow,  here.
  • Current  Bijou, South Lake Tahoe single family homes listed,  here.

Also note that we have added information about distressed sales to our reports so that you can easily determine if a house is bank owned, a short sale or not.

 2010 Bijou homes for sale activity :

South Lake Tahoe Real Estate: Bijou Neighborhood

There were  47  Bijou single family home sales in 2010 at present.Twenty-four of these were distressed properties (51%%).

There are  38  Bijou single family home  listed and available for sale that are not in escrow right now. At least fourteen of these are distressed properties (36.8%).

There are 6  Bijou single family homes in escrow at present. Five of these are distressed properties (83%).

Sales Statistics:

 Final 2010 Sales
Lake Tahoe Real Estate Blog
Bijou
Median Sold Price $260,000
Average Sold Price $304,237
Average List Price $338,904
$ Difference List v. Sold $34,666
% Difference List v. Sold 10.2%
Average Days on Market 124
Average Price Sq. Ft. $178
Average Size 1,757
 
As of  Thursday, January 20, 2011
8:07 am
Gary Bolen and Richard Bolen
McCall Realty – 800-923-9022

Previous Lake Tahoe Real estate Blog posts:

Oct 20, 1010: Bijou Video Spotlight, South Lake Tahoe
Oct 13, 2010: Bijou real estate update
Aug 30, 2010: A Closer Look at Bijou
Jan 27, 2010: Bijou homes for sale update
Aug 9, 2009: Bijou real estate listings update
Feb 15, 2009: Bijou home listings update
Aug 7, 2008: The State of the South Lake Tahoe real estate market right now

We offer this information as a public service. It is the most complete information on  Bijou (CA) available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Comments box below.)

Tags: , , , , , , , , , , , ,

Written by Richard Bolen | Discussion: Please leave a comment.

Final 2010 South Lake Tahoe homes for sale report: Black Bart

January 19th, 2011 categories: Black Bart, Buyers Report, California Neighborhoods, For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA, Video Seminar Series

South Lake Tahoe Real Estate: Meyers Neighborhood

Black Bart neighborhood, South Lake Tahoe, CA: Final 2010 Real Estate Listings Activity.

Black Bart is a small, rather secluded neighborhood of about 200 homes. It is centrally located in South Lake Tahoe midway between the stateline and the “Y” and is found off one of the two main South Lake Tahoe thoroughfares… Pioneer Trail.

Some of the Black Bart homes back to a sprawling alpine meadow. Like most South Lake Tahoe areas, homes are nestled amid towering pine tress and natural outcropping.

Homes range from dated fixers to a few of brand new construction.

Prices range from an average in the current market climate from the mid $100,000's to $600,000 plus.

The most affordable Black Bart home, 1353 Meadow Crest, sold for $150,000 in 2010. The highest Black Bart sale in the last 3 years was 1637 Black Bart Ave, which sold for $675,000 in March of 2009.

All 2010 Black Bart sales were under $350,000.

The median sold price in 2010 was $227,500. This is some $219,500, or 46.7% below that of 2009, which represented only 7 home sales. In the last three years the median sold price is 49.6% off what it was.

Three homes are available for sale in this small neighborhood today, one that's priced in the mid $300,000's, and two new higher end homes priced above $500,000 each.

We’ve just updated all Black Bart neighborhood real estate activity in South Lake Tahoe, including final 2010 sales, current escrow and all active listings. Please note "Black Bart (CA)” found in our left sidebar.

  • Final 2010 Black Bart single family home sales, here.
  • Current  Black Bart, South Lake Tahoe single family homes in escrow,  here.
  • Current  Black Bart, South Lake Tahoe single family homes listed,  here.

Also note that we have added information about distressed sales to our reports so that you can easily determine if a house is bank owned, a short sale or not.

South Lake Tahoe Real Estate: Black Bart Neighborhood  2010 Black Bart homes for sale activity :

There were  10  Black Bart single family home sales in 2010. Seven were distressed properties (70%).

There are  3  Black Bart single family home  listed and available for sale that are not in escrow right now. None of these are distressed properties.

There are  2   Black Bart single family homes in escrow at present. Both are distressed properties.

Sales Statistics:

 Final 2010 Sales 

Lake Tahoe Real Estate Blog
Black Bart
Median Sold Price $227,500
Average Sold Price $237,790
Average List Price $247,735
$ Difference List v. Sold $9,945
% Difference List v. Sold 4.0%
Average Days on Market 92
Average Price Sq. Ft. $155
Average Size 1,660
 
As of Tuesday, January 18, 2011
2:47 pm
Gary Bolen and Richard Bolen
McCall Realty – 800-923-9022

Previous Lake Tahoe Real Estate Blog posts:

Oct 13, 2010: Black Bart real estate listings update
Aug 18, 2010: A Closer Look at Black Bart
Jan 27, 2010: Black Bart homes for sale update
Aug 8, 2009: Black Bart homes listings update
Feb 15, 2009: Black Bart real estate listings update
Aug 6, 2008: Black Bart homes for sale update

We offer this information as a public service. It is the most complete information on  Black Bart (CA) available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Comments box below.)

Tags: , , , , , , , , ,

Written by Richard Bolen | Discussion: Please leave a comment.

Real Esate Tomato Chiclet