South Lake Tahoe Real Estate Market Update, Apr. 16- Apr. 22

There were 15 new listings this week, down from last week’s 19.  The lowest priced new listing is $249,900 for 1883 Delta, a 3 bedroom, 1.5 bath with 881 square feet of living space. The highest priced new listing is $1,649,000 for 3779 Overlook, congratulations to the Benedicts of the Pinnacle Real Estate Group. This home has 4 bedrooms, 3 baths and 4243 square feet. The median new listing price is $465,000.

There were 10 new ESCROWS this week, the same as last week. The lowest priced new escrow is $227,000 for 3616 Spruce #20, a 2 bedroom, 1 bath condo with 896 square feet (congratulations to Jaime Souers of the Pinnacle Real Estate Group.  The highest priced new escrow is $675,000 for 1886 Genevieve, a 4 bedroom, 3 bath Tahoe Keys home with 1946 square feet (congratulations to Don and Theresa Souers of the Pinnacle Real Estate Group). The median new escrow price is $314,000 with an average time on market of 190 days.

There were 5 RECORDED SALES this week, one more than last week. The lowest recorded sale is $135,000 for 1909 B St., a 1 bedroom, 0.75 bath in the Y area with 583 square feet. The highest recorded sale is $395,000 for 2887 Lodgepole, a Montgomery Estates home with 4 bedrooms, 2 baths and 1720 square feet. The median sale price is $275,000 with an average time on market of 163 days (this includes the escrow period).

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more

South Lake Tahoe Real Estate Market Update, Apr. 9- Apr. 15

 

There were 19 new listings this week (the same number as the last two weeks).  The lowest priced new listing is $159,000 for 516 Emerald Bay Rd. #122, a 1 bedroom, 1 bath condo with 678 square feet. The highest priced new listing is $1,500,000 for 745 Eloise, a 4 bedroom, 4.5 bath home with 4400 square feet. The median new listing price is $439,000.

 

There were 10 new ESCROWS this week, down from last week’s 12. The lowest priced new escrow is 2617 Fountain, a 2 bedroom, 0.75 bath home in the Sierra Tract for $154,900.  The highest priced new escrow is $520,000 for 1490 Pebble Beach, a 5 bedroom, 3 bath home with 2640 square feet located in the Country Club Estates neighborhood. The median new escrow price is $327,000 with an average time on market of 99 days.

There were 4 RECORDED SALES this week, the same as last week. The lowest recorded sale is $251,000 for 3849 Figueroa in the Stateline neighborhood with 3 bedrooms, 2.5 baths and 1536 square feet. The highest recorded sale is $435,000 for 819 South Shore Drive in the Tahoe Island area with 3 bedrooms, 2 baths and 1768 square feet. The median sale price is $300,950 with an average time on market of 105 days (this includes the escrow period).

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more

South Lake Tahoe Real Estate Market Update, Apr. 2- Apr. 8

Overlooking Lake tahoe

 

Just like last week, there were 19 new listings placed on the market.  The lowest priced new listing is located at 1161 Julie with 2 bedrooms, 1.5 baths and 1004 square feet for $204,900. The highest priced new listing is $3,200,000 for 3 Lighthouse Shores Dr. with 5 bedrooms, 5 baths and 5112 square feet. The median new listing price is $524,000.

There were 12 new ESCROWS this week, the same amount as the last two weeks. The lowest priced new escrow is 1129 Herbert A, a 3 bedroom, 2 bath condo in the Bijou neighborhood listed at $147,300.  The highest priced new escrow is $739,000 for 611 Alpine in the Tahoe Keys with 3 bedrooms, 2.5 baths and 2239 square feet. The median new escrow price is $316,500 with an average time on market of 63 days.

There were 4 RECORDED SALES this week, one less than last week. The lowest recorded sale is $270,500 for 3187 Pioneer Trail, a 4 bedroom, 1.75 bath home with 2635 square feet. The highest recorded sale is $399,000 for 1595 Player, a 3 bedroom, 2 bath, 1280 sf home. The median sale price is $357,500 with an average time on markert of 311 days (this includes the escrow period.

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more

Foreclosure Scams Even in Lake Tahoe

Although Lake Tahoe has weathered the current foreclosure issues better than most areas, we have not escaped the overall effect.  As of January 1, 2009, the South Tahoe Association of Realtors MLS services report 28 closed sales, 18 currently in escrow and 17 currently active.  There are some great opportunities for qualified buyers and with today’s record low interest rates, many prospective buyers will find themselves skipping joyfully into a new home.

At the same time, sadly beause times are tough,  pathetic low-life scammers raise their ugly heads. In fact, there is a down-right explosion going on.  We all seem to be inundated with those annoying telemarketing calls, unwanted spam email or direct mail.  If you or someone you know is facing foreclosure and are looking into potential solutions to prevent losing a home, it is crucial to be very aware of deals that sound too good to be true.

The California Association of Realtors has prepared a list of RED FLAG RESCUE SCAMS outlined below.
* Asks for money upfront before providing any service
* Instructs you not to contact your lender, lawyer, housing counselor, family, friend or others.
* Asks for mortgage payments to be made directly to a company or bank account set up by the “negotiator” rather than your lender.
* Requires payments only in the form of cash, cashier check or money wire.
* Promises to stop the foreclosure process, no matter the circumstances.
* Advises you to transfer your property deed or title to the “negotiator’s” company.
* Offers to fill out the paperwork for you
* Asks for something to be done immediately and without delay. This includes pressuring you into signing paperwork that you have not had the chance to read thoroughly or do not fully understand.
* Encourages you to lease your house and buy it back over time.
* Offers to purchase your house for a fixed price that is not set by the housing market at the time of sale
* Asks for you to give a power of attorney
* Refuses or fails to put an oral promise in writing.
* Fails to provide copies of signed documents
* Asks for signatures on a document that has lines left blank.
* Asks for signatures on a grant deed or deed of trust
If you are approached by a scam artist, please report the incident to one of the following ñ and then run.
California Attorney General (http://ag.ca.gov)
California Department of Real Estate (www.dre.ca.gov)
Department of Housing and Urban Development (www.hud.gov)
Federal Trade Commission (www.ftc.gov)
Your local Better Business Bureau (www.bbb.org)

Finally, if you are at risk of foreclosure or have already received a foreclosure notice, you should contact your lender immediately.  You may also want to visit the U.S Department of Housing and Urban Development (HUD) website at http://www.hud.gov/ and look for the Guide to Avoiding Foreclosure and its list of California HUD-approved housing counseling agencies.
Copies of the above information are available if needed.  Just give us contact us at Souers@HomeInTahoe.com.  We’re here to help.

South Lake Tahoe Real Estate Market Update, Mar. 26- April 1

 

This week there were 14 new listings, down from last week’s 16. The lowest priced new listing is located at 1129 Herbert A, a 3 bedroom, 2 bath bank owned condo with 1161 square feet listed at $147,300. The highest priced new listing is 1754 Meadow Vale, a 6 bedroom, 5 bath home with 3500 square feet of living space listed at $1,178,000. The median new listing price is $387,950.
There were 12 new ESCROWS this week, the same as last week. The lowest priced new escrow is 1206 Carson with 3 bedrooms, 1.5 baths and 1008 square feet listed at $199,000 (congratulations to Diane Corvo and Theresa Souers of the Pinnacle Real Estate Group).  The highest priced new escrow is $699,000 for 1646 Oglala, a 4 bedroom, 3.25 bath with 2900 square feet. The median new escrow price is $299,000 with an average time on market of 127 days.

 

There were 5 RECORDED SALES this week, up from last week’s 2. The lowest recorded sale is $305,000 for 810 Michael, a 3 bedroom, 1.75 bath with 1014 square feet in the Tahoe Island neighborhood. The highest recorded sale is $705,000 for 2195 Catalina, a Tahoe Keys home with 6 bedrooms, 4 baths and 2945 square feet. The median sale price is $400,000 with an average time on markert of 104 days (this includes the escrow period.

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more