South Lake Tahoe Foreclosures - April 3, 2009
There appears to be increased activity in all areas of the South Lake Tahoe real estate market. Foreclosure activity is definitely up. In 2008, there were 72 foreclosure sales. There have been 30 sales in 2009. This means we’re on pace for 120 foreclosure sales for this year, a 67% increase.
Foreclosure listings haven’t been able to keep up with buyer activity, however. There are only 16 single-family residences remaining on the foreclosure list. There are 59 single-family residences in escrow right now. Last month there were 39. Last year at this time there were 40. Our inventory is also down 5.7% from this time last year.
With the summer coming, interest rates at historic lows, and many homebuyer incentives, look for buyer activity to continue to increase. Future foreclosure lists may continue to be short lists!
If you’re interested in receiving the foreclosure lists by e-mail, please let me know at drew@southtahoehouses.com. If you are interested in property on this list or any property in South Lake Tahoe, e-mail me or call me at (530) 545-1831.
|
Address
|
Bed/Bath/
Gar |
Square Feet
|
Days
on Market |
Price
|
|---|---|---|---|---|
| 2617 Fountain Ave. |
2/0.75
|
575
|
91
|
$154,900
|
| 926 Macinaw Rd. (duplex) |
4/2
|
1512
|
87
|
$183,500
|
| 3305 Treehaven Dr. #1 |
2/1.5/1
|
960
|
55
|
$199,900
|
| 1049 Reno Ave. |
2/1/1
|
889
|
21
|
$199,900
|
| 2140 Cornelian Dr. |
3/1/2
|
1092
|
18
|
$214,900
|
| 2734 Knox Ave. |
2/1
|
1042
|
223
|
$214,999
|
| 1611 Bel Aire Cir. |
3/1/1
|
1080
|
94
|
$248,900
|
| 2613 Pinter Ave. #1-2 (duplex) |
4/2
|
1776
|
30
|
$264,900
|
| 489 Tahoe Keys Blvd. #69 |
1/1
|
754
|
10
|
$280,900
|
| 1590 Jackson Ct. |
3/1.75/2
|
1676
|
114
|
$295,000
|
| 706 Hazel Dr.* |
3/2/2
|
1410
|
10
|
$299,000
|
| 1081 Bowers Ave. |
5/4/1
|
2416
|
197
|
$334,900
|
| 776 Panther Ln. |
4/3/1
|
2240
|
88
|
$334,900
|
| 1490 Seminole Dr. |
3/2/2
|
1872
|
85**
|
$349,900
|
| 1286 Mount Rainier Dr. |
4/3/1
|
1983
|
8
|
$388,900
|
| 1243 Sierra Blvd. (duplex) |
4/2/2
|
1966
|
7
|
$404,900
|
| 315 Uplands Way |
3/2.5/2
|
2264
|
79
|
$450,900
|
| 1363 Wildwood Ave. |
4/3/2
|
2988
|
11
|
$525,000
|
| 581 Gardner St. |
4/2.5/2
|
4028
|
51
|
$645,550
|
* The listing agent chose not to publish his or her listing to internet MLS searches.
** 1490 Seminole Dr. has been listed as a foreclosure since 8/21/2008. Days on Market was reset when a new agent took the listing.
Tags: bank owned homes, bank owned property, foreclosure homes, foreclosure property, foreclosures in south lake tahoe, foreclosures in tahoe, reo homes, reo property, south lake tahoe foreclosures
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April 22nd, 2009 at 2:47 pm
Well written article.