Banks Beginning Pick up Pace on Foreclosures in South Lake Tahoe
May 15, 2010
I have noticed that Bank of America and Wells Fargo/Wachovia have really started to pick up the pace on listing their forclosure inventory of South Lake Tahoe Homes. Some of the agents I’ve talked to that represent these banks are listing a couple of homes per week. If you are patient and working with an agent that watches the new listings or even better knows the agents that represent some to the bigger banks you should be able to find the perfect well priced bank owned home in South Lake Tahoe this summer. Know what you want and be ready to put in an offer as soon as the right house hits the market. I’ve said over and over again……if a well priced bank owned home in good condition hits the market you have about a week to put in an offer…….and summer hasn’t even come Tahoe yet.
New Listing today:
3 bedroom, 2.5 bath, 2270 sq. ft. of living space built in 1998. Attractive cedar wrapped home in forested neighborhood with mtn. views and close to everything. Priced to move at 479,900. That is just $211.00 per sq. ft. You can’t build for that price! Perfect vacation or permanent home. Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.
Bank Owned Fixer in South Lake Tahoe
May 14, 2010
JUST LISTED! Nice South Lake Tahoe Home close to skiing, casinos, golf….everything! 4 bedrooms, 2.5 baths built in 1983. Needs work but worth the price for this 2008 sq. ft. home…..that is just $159.00 per sq. ft. Act fast this won’t last. Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.
Realty Trac Top Forclosure Rates for April 2010
May 13, 2010
Top 10 States with highest foreclosure rates: (No new surprises)
1) Nevada-1 in 69 units
2) Arizona-1 in 169 units
3) Florida- 1 in 182 units
4) California- 1 in 192 units
5) Utah- 1 in 221 units
6) Idaho- 1 in 226 units
7) Michigan- 1 in 237 units
Illinois- 1 in 280 units
9) Georgia- 1 in 288 units
10) Colorado- 1 in 337 units
Top 10 metro areas:
1) Las Vegas- 1 in 60 units (still #1)
2) Modesto, CA- 1 in 101 units
3) Merced, CA- 1 in 104 units
4) Cape Coral/fort Myers FL- 1 in 105 units
5) Stockton, CA- 1 in 108 units
6) Riverside/San Bernardino/Ontario-CA- 1 in 110 units
7) Reno/Sparks, NV- 1 in 112 units (close to home)
Vallejo/Fairfield, CA- 1 in 117 units
9) Bakersfield, CA- 1 in 120 units
10) Phoenix, AZ- 1 in 136 units
Current Foreclosures on South Lake Tahoe Homes:
| Adress | Street | List Pirce | Beds | Baths | Sq. Ft. | DOM | ||
| 1858 | Venice | 475,500 | 5 | 3 | 2456 | 177 | ||
| 1788 | Pioneer | 729,000 | 3 | 3.5 | 3063 | 136 | ||
| 1030 | Chonokis | 499,000 | 3 | 2.5 | 2258 | 122 | ||
| 2560 | Pinter | 179,900 | 3 | 2 | 1274 | 89 | ||
| 2067 | 10th | 349,000 | 3 | 1.75 | 1981 | 73 | ||
| 1992 | Marconi | 875,000 | 3 | 2.5 | 2663 | 52 | ||
| 1576 | Miztec | 275,500 | 3 | 2 | 1312 | 48 | ||
| 3598 | Terry | 157,500 | 2 | 1 | 896 | 44 | ||
| 2452 | Ponderosa | 329,900 | 3 | 2.5 | 2316 | 36 | ||
| 2600 | Kubel | 149,900 | 2 | 1 | 852 | 35 | ||
| 2019 | Garmish | 775,000 | 4 | 2.5 | 2584 | 24 | ||
| 439 | Ala Wai | 264,900 | 1 | 1 | 702 | 21 | ||
| 3606 | Birch | 159,900 | 3 | 2 | 1162 | 18 | ||
| 686 | Michael | 389,900 | 3 | 2 | 1570 | 13 | ||
| 1779 | Venice | 569,000 | 4 | 2.5 | 2230 | 10 | ||
| 2580 | Fountain | 164,500 | 2 | 1 | 832 | 13 | ||
| 1903 | Talbot | 489,600 | 3 | 2.5 | 2464 | 3 | ||
| 1409 | Bonanza | 129,000 | 2 | 1 | 815 | 2 | ||
South Lake Tahoe has maintained a pretty consistent average of Bank Owned homes on the market at approximately 18-22 at any one time. Seems like as soon as one goes pending another gets listed. A steady stream of Trustee Notices are listed in the Tahoe Daily Tribune www.Tahoedailytribune.com this gives you a heads up on what might be coming on the market before it actually gets listed. I evaluate many homes for the banks providing price opinions weekly so I have a good idea of upcoming available homes that are in default.
Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.
Today’s South Lake Tahoe Price Reductions
May 8, 2010
536 Cayuga 776 Nahane
| Address | Street | City | New Price | # Beds | Baths | Living space | |
| 776 | Nahane | South Lake Tahoe | 343,000 | 3 | 1 | 1270 | |
| 536 | Cayuga | South Lake Tahoe | 487,000 | 3 | 2 | 1790 |
Both of these homes have been drastically reduced and have unique Tahoe Settings. 776 Nahane has government forest lots on both sides and backs the 100 acre historic Celio Ranch in Christmas Valley South Lake Tahoe. 536 Cayuga has two government owned lots directly behind the house giving you fabulous views and a spacious back yard and is located of North Upper Truckee Rd. in South Lake Tahoe. Both of these great South Lake Tahoe Properties will go fast with these recent reductions.
Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.
Something Special for Mom in Lake Tahoe
May 8, 2010
If you want extra points this Mother’s Day try something unique to pamper your special Mom on her day…..or any day. Consider brunch or dinner on the lake at the Beacon Bar & Grill at Camp Richardson. They are having a special menu along with their regular menu 11am-2pm. Items include Macadamia ahi salad, Ginger sweet Chile Salmon, Berry Belgian Waffles, Crab Scramble, Hashbrown Eggs, Fallen Leaf French Toast, Breakfast Wrap and all the tradional Breakfast items. Great View and cocktails too! Great place to take your special Mom and enjoy Lake Tahoe views. Don’t forget to try a Rum Runner or two! Call ahead for reservations……530-541-0630 http://www.camprichardson.com/the-resort/restaurants/beacon-bar-a-grill
Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.
Short Sale Opportunity South Lake Tahoe
May 7, 2010
Gorgeous newer construction in Montgomery Estates subdivision South Lake Tahoe. Stunning Tahoe style finish work on a half acre. 4 bedrooms, 3.5 baths, 2 car garage. This South Lake Tahoe Home is a must see to appreciate this great vacation getaway. No expenses were spared in the finish work on this house. 2 master suites and 2 large decks plus hot tub gives you room for all! Originally sold for $1,180,000 now listed at $799,000. Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.
Bank Owned Home South Lake Tahoe-Tahoe Keys Area
May 1, 2010
Remodeled bank owned South Lake Tahoe Home near Tahoe Keys. House has a good rental history or just use it as your own vacation getaway. Must see this one to appreciate. 3 bedrooms, 2 baths and 2 car garage. 1579 sq. ft. of living space. Purchase this house with as little as 3% down. Listed at $389,900. Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.
