This weekly report is created by Dan Spano, broker of Paradise Real Estate located in the Stateline area of South Lake Tahoe, CA. This information is focusing strictly on the South Lake Tahoe, CA. side of Lake Tahoe.

As of today, September 3, 2010 @ 3:00 pm:

Current active single family residential and condo listings for all of South Lake Tahoe, CA; 486. 74 of these active listings are bank-owned or short sales.

Homes sold from August 1, 2010 to August 31, 2010 are: 54. Of the 54 homes sold, 26 or 48% , are foreclosure (bank owned or short sales). During the same time period last year 45 homes sold, of which 15 were foreclosures. Total homes sold year to date is 360, of which 180 or 50% are foreclosures. Total homes sold for the same time period last year were 271, of which 103 or 38% were foreclosures.

There are a lot of great opportunities for buyers for both bank owned/short sales, as well as sellers that are competitive with the bank owned and short sale properties.

If you would like to search for current homes for sale please use this easy search tool for South Lake Tahoe, CA and NV real estate. There is also an option to get instant email notifications of brand new listings as they get posted by real estate agents in the South Lake Tahoe area.

Half of 2010 Sales Are Foreclosures and Short Sales

South Lake Tahoe, CA – Real estate in Lake Tahoe is coveted for the pristine location and year round recreation. The recession has created an excellent opportunity to own Lake Tahoe real estate at bargain prices. The median selling price for a single-family home in South Lake Tahoe is now $326,500. That is 33 percent lower than the market peak of $489,000 in April of 2006. Many Lake Tahoe homes for sale are foreclosures and short sales listed at or below 2003 prices.

Tahoe real estate exploded from 1999 to 2005. The demand was insatiable and homes were doubling in value every 3 to 4 years. In 2006, unit sales dropped by 35 percent and the median price leveled out. The price of Lake Tahoe houses reached a bottom of $317,250 in February of 2010. The median sales price has improved each month since. “This is a unique opportunity for buyers of Lake Tahoe property,” states Paradise Real Estate President and CEO Dan Spano. “The current market gives every advantage to the buyer. There is a good supply of homes with motivated sellers, mortgage interest rates are at an all-time low and home prices are greatly reduced.”

Buyer activity is also increasing. The number of Lake Tahoe sales through August 20, 2010 is 335 compared to 250 in 2009. That is a 34 percent increase and exactly half of the South Lake real estate sales this year have been bank owned or short sale listings.

Spano recently sold the Paradise Timeshare Resale division of his business to focus all of his attention on South Lake Tahoe real estate. “Paradise Real Estate specializes in Lake Tahoe foreclosures and short sales. Our team approach is very beneficial for our clients. Instead of dealing with one agent exclusively, clients profit from the combined knowledge of five experienced real estate professionals. Many realtors prefer not to handle short sales due to the difficult negotiations with many parties. At Paradise, we welcome the challenge and are proficient with short sale transactions.”

This weekly report is created by Dan Spano, broker of Paradise Real Estate located in the Stateline area of South Lake Tahoe, CA. This information is focusing strictly on the South Lake Tahoe, CA. side of Lake Tahoe.

As of today, August 13, 2010 @ 2:00 pm:

Current active single family residential and condo listings for all of South Lake Tahoe, CA; 505. 70 of these active listings are bank-owned or short sales.

Homes sold from August 1, 2010 to August 13, 2010 are: 19. Of the 19 homes sold, 9 or 47% , are foreclosure (bank owned or short sales). During the same time period last year 15 homes sold, of which 1 was a foreclosure. Total homes sold year to date is 322, of which 163 or 50% are foreclosures. Total homes sold for the same time period last year were 236, of which 88 or 37% were foreclosures.

There are a lot of great opportunities for buyers for both bank owned/short sales, as well as sellers that are competitive with the bank owned and short sale properties.

If you would like to search for current homes for sale please use this easy search tool for South Lake Tahoe, CA and NV real estate. There is also an option to get instant email notifications of brand new listings as they get posted by real estate agents in the South Lake Tahoe area.

This weekly report is created by Dan Spano, broker of Paradise Real Estate located in the Stateline area of South Lake Tahoe, CA.  This information is focusing strictly on the South Lake Tahoe, CA. side of Lake Tahoe.

As of today, August 6,  2010 @ 3:00 pm:

Current active single family residential and condo listings for all of South Lake Tahoe, CA; 508.  69 of these active listings are bank-owned or short sales.

Homes sold from August 1,  2010 to August 6,  2010 are: 9. Of the 9 homes sold, 3 or 33% , are foreclosure (bank owned or short sales). During the  same time period last year 7 homes sold, of which 0 were foreclosure. Total homes sold year to date are 312, of which 157 or 50% are foreclosures.  Total homes sold for the same time period last year were 228, of which 87 or 38% were foreclosures.

There are a lot of great opportunities for buyers for both bank owned/short sales, as well as sellers that are competitive with the bank owned and short sale properties.

If you would like to search for current homes for sale please use this easy search tool for South Lake Tahoe, CA and NV real estate. There is also an option to get instant email notifications of brand new listings as they get posted by real estate agents in the South Lake Tahoe area.

This weekly report is created by Dan Spano, broker of Paradise Real Estate located in the Stateline area of South Lake Tahoe,  CA. This information is focusing strictly on the South Lake Tahoe, CA. side of Lake Tahoe.

As of today, July 30,  2010 @ 2:00 pm:

Current active single family residential and condo listings for all of South Lake Tahoe, CA; 523.  75 of these active listings are bank-owned or short sales.

Homes sold from July 1,  2010 to July 30,  2010 are: 33. Of the 33 homes sold, 15 or 46% , are foreclosure (bank owned or short sales). During the  exact same time period last year 38 homes sold, of which 10 or 27% were foreclosure. Total homes sold year to date are 298, of which 152 or 51% are foreclosures.  Total homes sold for the same time period last year were 217, of which 86 or 40% were foreclosures.

There are a lot of great opportunities for buyers for both bank owned/short sales, as well as sellers that are competitive with the bank owned and short sale properties.

If you would like to search for current homes for sale please use this easy search tool for South Lake Tahoe, CA and NV real estate. There is also an option to get instant email notifications of brand new listings as they get posted by real estate agents in the South Lake Tahoe area.