The South Tahoe Realty Blog

Once again, all is quiet on the South Lake Tahoe foreclosure front. Not much has happened in the last two weeks.

I had the chance to drop by 489 Tahoe Keys Blvd. #69. I videoed while I was there. Click the link below to see it.

489 Tahoe Keys Blvd. #69 Video

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.

There is very little to report on South Lake Tahoe foreclosures at the moment. Our foreclosure list has dwindled to a mere 10 properties. Only 7 of these are single-family residences. A 90-day foreclosure moratorium was passed in late February. Thus, we should see a big wave of foreclosures hit the market later this month and in June when the moratorium is no longer in effect.

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.

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.

* 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.

It’s been a little while since the last South Lake Tahoe foreclosure list, but not too much has changed. A few properties went into escrow but then returned to the market. There were also a few price reductions. 1081 Bowers did not go to auction, as scheduled, and is now at $334,900 for a price per square foot of $138.

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.

* 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.

There hasn’t been much activity in the South Lake Tahoe foreclosure market over the last couple weeks. When 2680 Osborne Ave. was listed, it went into escrow within a few hours. That was a day before my last foreclosure list was published. It fell out of escrow and is a good buy at $225,000. See this very rough 2680 Osborne Ave. video for a better look at it.

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.

* 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.

There has been LOTS of activity in the foreclosure market. There has been lots of activity in the real estate market. Today was the first day I didn’t have a property showing scheduled in five days. I’m obviously trying to catch up with things, so I’ll keep this short.

Note that the home on Dedi Street was reduced $60,000. It was listed at $299,900. It’s now at $239,900.

The new listing on June Way is really neat. It’s about 150 meters from the Heavenly Cal Base. Its setting is beautiful, and it’s in great condition for a foreclosure.

Rumor has it that Bowers will soon go to auction. If any of you are really interested in this home (with an incredibly weird floorplan), let me know and I’ll look into it for you.

If you’re interested in receiving the foreclosure lists by e-mail, please let me know at drew@southtahoehouses.com. As usual, I have more information on properties that will become foreclosures. However, I don’t feel at liberty to publish this information on the internet. If you are interested in those properties or the ones on this list, call me at (530) 545-1831.

* 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.

It’s been a while, but here’s the latest foreclosure list.  A couple quick notes:  The home on Bowers appears to be a screaming deal on paper at $176/sqft.  However, it has an incredibly weird floorplan.  Unless it sees a big price reduction, expect it to be on the market for a while.

1818 Jack Bell Ct. was listed yesterday.  A 2,622 sqft. newer construction home is a steal at $519,900.  They had dogs inside a lot and thus, probably need new carpet. The construction wasn’t completely finished either.

If you’re interested in receiving the foreclosure lists by e-mail, please let me know at drew@southtahoehouses.com. As usual, I have more information on properties that will become foreclosures. However, I don’t feel at liberty to publish this information on the internet. If you are interested in those properties or the ones on this list, call me at (530) 545-1831.

* The listing agent chose not to publish his or her listing to internet MLS searches.

Hey folks, this is the latest foreclosure list. If you’re interested in receiving the foreclosure lists by e-mail, please let me know at drew@southtahoehouses.com. As usual, I have more information on properties that will become foreclosures. However, I don’t feel at liberty to publish this information on the internet. If you are interested in those properties or the ones on this list, call me at (530) 545-1831.

* The listing agent chose not to publish his or her listing to internet MLS searches.

After an incredibly busy period amongst South Lake Tahoe foreclosures, these last two weeks have been very quiet in comparison. Four homes on the foreclosure list went into escrow, and there are only two new homes to the list.

There were some significant price reductions amongst foreclosures within the last two weeks. 967 Colusa Street was just reduced $35,000 to $449,000. I’ve mentioned in a previous post that it’s a beautiful home with a lot of potential. I expect it to go into escrow soon. 2604 Knox Avenue saw a price reduction of $25,900. It’s now listed at $329,000. At $149 per square foot, I’d expect someone to make a worthy offer.

If you’re interested in receiving the foreclosure lists by e-mail, please let me know at drew@southtahoehouses.com. As usual, I have more information on properties that will become foreclosures. However, I don’t feel at liberty to publish this information on the internet. If you are interested in those properties or the ones on this list, call me at (530) 545-1831.

* The listing agent chose not to publish his or her listing to internet MLS searches.

We’ve seen some more activity in the South Lake Tahoe foreclosure market. Ten foreclosure properties went into escrow here within the last 13 days! There are 3 new foreclosure listings. The most interesting of these is at 2188 Pinewood Drive. It’s a huge 2,915 square foot home that was built in 2004. With a $435,000 list price, there’s an incredible bidding war going on for that property. Expect it to close well above list price.

It’s a busy Friday, so that’s all for now! I hope all you guys have a great weekend. If you want information on upcoming foreclosures, call me at (530) 545-1831.