richard bolen: A Primer for Investors (Pt One): South Lake Tahoe Short Sales - 06/23/10 06:32 AM


It starts with a South Lake Tahoe seller owing more than they can get.
(Lake Tahoe Real Estate Blog / February 18, 2010 / Richard Bolen)
This is the first of an eight-part series on short sales. Think of it as a primer if you will, one from the point of view of the home buyer / investor, although the short sale process discussed here is same for the South Lake Tahoe seller as well.
The definition of a short sale is simply this: it is the sale of real property at a price that is below the amount … (0 comments)

richard bolen: A Study of Recent Short Sales In South Lake Tahoe, CA - 06/23/10 06:24 AM

There may not be as big a difference as you might think!
(Lake Tahoe Real Estate Blog / February 17, 2010 / Richard Bolen)
We're starting a new 8-part series on South Lake Tahoe, CA short sales after this post, and we thought as reference it would be interesting to explore the numbers first.
(our new series on short sales starts tomorrow here)
In most of our prior reports on distressed properties, we have looked at them as a whole in comparison to sales of properties that are not distressed. In other words we have not taken a separate look … (0 comments)

richard bolen: What Home Buyers are Really Looking for These Days - 06/23/10 06:18 AM

It's a DEAL Buyers seek... whether its an REO, Short Sale or Not doesn't matter!
(Lake Tahoe Real Estate Blog / February 16, 2010 / Richard Bolen)
In the post below, we talked about how perhaps the most meaningful surprises that has come from this blog is that we have attracted so many actual South Lake Tahoe home buyers. It has also produced many more interested buyers, some of whom will buy sooner, others later, and some not at all.
Over the last 2 years we have talked to lots of these interested buyers, who aren't buying now, but think … (1 comments)

richard bolen: Starting This Blog......What Were We Thinking? - 06/23/10 06:13 AM


It had all to do with a desire for accurate, rumor free information... without agenda.
(Lake Tahoe Real Estate Blog / February 15, 2010 / Richard Bolen)
One of the real surprises about running this blog for the last few years is that it attracts a lot of home buyers. This is both folks who actually do buy a South Lake Tahoe home (we've had 3 of these so far in 2010), or people who are interested in buying here eventually.
With the consistent reports on market trends and conditions that we do here, especially with all of the … (0 comments)

richard bolen: Will There Be More Short Sales In 2010? - 06/23/10 06:08 AM

Industry scuttlebutt says Short Sales on the Rise (and REO sales are on the decline.)
(Lake Tahoe Real Estate Blog / February 14, 2010 / Richard Bolen)
According to industry guru's, Short Sales are going to take over sales of bank owned properties (REO's) in 2010. And that makes sense when we think about it.
Considering the excessive greed of most of our nationwide banks and lenders, it's difficult for some to find positive sentiment about them, but the truth is most banks are now finally getting smarter about the difference between a short sale and that of a bank … (1 comments)

richard bolen: Home Sales in the last 365 days in South Lake Tahoe, NV - 06/23/10 06:03 AM


Stateline, NV Real Estate Values in South Lake Tahoe.
(Lake Tahoe Real Estate Blog / February 11, 2010 / Richard Bolen)
We've just updated the market performance in the last 365 days for the Stateline, NV side of the South Lake Tahoe real estate market.
The Median Sold Price, not including Lake Front and Glenbrook properties, is now $515,000 for all sales in the last 365 days. This is a decline of 40% off the median sold price of $854,500 in 2007.
It is important to note that the significant contributing factor to this decline is due to the … (0 comments)

richard bolen: Housing Demand & Absorption Rates in South Lake Tahoe, NV - 06/23/10 05:52 AM
A Slight Increase in Housing Demand in Stateline, NV area of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 10, 2010 / Richard Bolen)
We’ve just updated the Absorption Rates for the Stateline, NV side of our South Lake Tahoe real estate market.
In the last 365 days, market demand is an average of about 7.3 homes sold per month.
This chart contains market wide absorption rates, and a lot more.
For absorption rates by price range, plus current inventory, here.

Summary:
In the last 180 days in the Stateline, NV market of South Lake Tahoe, the average … (0 comments)

richard bolen: Listings Sold to Date in 2010: South Lake Tahoe, NV - 06/23/10 05:44 AM
7 Homes Sold in 2010 in Stateline, NV area of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 10, 2010 / Richard Bolen)
We have just updated final 2010 home sales in the Stateline, NV area of South LakeTahoe. 
All 2010 Stateline, NV home sales, plus statistics, here.
To get as true indication of market conditions as possible, we also always report all single family home sales in Stateline, NV  for the last 365, 180, 90 and 30 days as well. (here)
Statistical data with the the following information on all 2009 homes sales, here.
2010 Sales Recap (Lake … (0 comments)

richard bolen: Escrow Report for South Lake Tahoe, NV - 06/23/10 05:31 AM
Homes in Escrow in the Stateline, NV area of the South Lake Tahoe Real Estate Market. (Lake Tahoe Real Estate Blog / February 10, 2010 / Richard Bolen)
We have just updated the Stateline, NV Real Estate Market Escrow Report.  At present there are 13  homes in escrow.  That same number was 22  two months ago. (see chart below)
Note that we've also added stats below for the number of homes in escrow that are distressed sales (foreclosures and/or short sales).
While it does appear that the market is still in decline in terms of value, it is important to note … (0 comments)

richard bolen: Townhome and Condo Update for South Lake Tahoe, NV: Summit Tahoe Village - 06/22/10 09:20 AM
Current Real Estate Activity: Summit / Tahoe Village Condominiums, Stateline, NV area of South Lake Tahoe. Two Thirds all 2009 Sales are Distressed Properties. (Lake Tahoe Real Estate Blog / February 9, 2010 / Richard Bolen)
We’ve just updated all  Summit / Tahoe Village  (NV) townhomes and condominium real estate activity in the Stateline, NV area of South Lake Tahoe, including final 2009 sales, current escrow and all active listings. Please note “Summit / Tahoe Village  (NV)” found in our left sidebar.
2009 Summit / Tahoe Village, Stateline, NV townhome or condo Sales, here.
Current  Summit / Tahoe Village, Stateline, NV  … (0 comments)

richard bolen: Listings Update for South Lake Tahoe, NV Luxury Real Estate: Cave Rock - 06/22/10 09:15 AM
Current Real Estate Activity: Cave Rock, NV neighborhood of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 9, 2010 / Richard Bolen)
We’ve just updated  Cave Rock  (NV), a luxury home neighborhood in the Glenbrook, NV area of South Lake Tahoe, including final 2009 sales, current escrow and all active listings. Please note “Cave Rock  (NV)” found in our left sidebar.
2008 Cave Rock luxury home sales, here. (There aren’t any, yet!)
Current   Cave Rock, luxury homes in escrow,  here.
Current  Cave Rock, luxury homes listed,  here.
Also note that we have added information about distressed sales to this … (0 comments)

richard bolen: Listings Update for South Lake Tahoe, NV Luxury Real Estate: Glenbrook - 06/22/10 09:08 AM
Current Luxury Home Real Estate Activity: Glenbrook, NV neighborhood of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 9, 2010 / Richard Bolen)
We’ve just updated  Glenbrook  (NV), a luxury home neighborhood in the Glenbrook, NV area of South Lake Tahoe, including final  2009 sales, current escrow and all active listings. Please note “Glenbrook  (NV)” found in our left sidebar.
2009 Glenbrook luxury home sales, here.
Current   Glenbrook, South Lake Tahoe luxury homes in escrow,  here.
Current  Glenbrook, South Lake Tahoe luxury homes listed,  here.
 
Current South Lake Tahoe  Glenbrook  Neighborhood Sales Recap  : 
There were  3  Glenbrook … (0 comments)

richard bolen: Listings Update for South Lake Tahoe, NV Luxury Real Estate: Hidden Woods - 06/22/10 08:58 AM
Current Real Estate Activity: Hidden Woods neighborhood, Stateline, NV area of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 9, 2010 / Richard Bolen)
We’ve just updated all  Hidden Woods  (NV) neighborhood real estate activity in the Stateline, NV area of South Lake Tahoe, including final 2009 sales, current escrow and all active listings. Please note “Hidden Woods  (NV)” found in our left sidebar.
2009 Hidden Woods single family home sales, here.
Current   Hidden Woods, South Lake Tahoe single family homes in escrow,  here.
Current  Hidden Woods, South Lake Tahoe single family homes listed,  here.
Also note that we … (0 comments)

richard bolen: Listings Update for South Lake Tahoe, NV Real Estate in Lower Kingsbury Neighborhood - 06/22/10 08:53 AM
Current Real Estate Activity: Lower Kingsbury neighborhood, Stateline, NV area of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 9, 2010 / Richard Bolen)
We’ve just updated all  Lower Kingsbury  (NV) neighborhood real estate activity in the Stateline, NV area of South Lake Tahoe, including final 2009 sales, current escrow and all active listings. Please note “Lower  Kingsbury  (NV)” found in our left sidebar.
2009 Lower Kingsbury single family home sales, here.
Current  Lower Kingsbury, South Lake Tahoe single family homes in escrow,  here.
Current  Lower Kingsbury, South Lake Tahoe single family homes listed,  here.
Also note that we have added information … (0 comments)

richard bolen: Listings Update for South Lake Tahoe, NV Real Estate in Middle Kingsbury Neighborhood - 06/22/10 08:47 AM
Current Real Estate Activity: Middle Kingsbury neighborhood, Stateline, NV area of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 9, 2010 / Richard Bolen)
We’ve just updated all  Middle Kingsbury  (NV) neighborhood real estate activity in the Stateline, NV area of South Lake Tahoe, including final 2009 sales, current escrow and all active listings. Please note “Middle Kingsbury  (NV)” found in our left sidebar.
2009  Middle Kingsbury, South Lake Tahoe single family home Sales,  here.
Current  Middle Kingsbury, South Lake Tahoe single family homes in escrow,  here.
Current  Middle Kingsbury, South Lake Tahoe single family homes listed,  here.
Also … (0 comments)

richard bolen: Listings Update for South Lake Tahoe, NV Luxury Real Estate: Lakefront Properties - 06/22/10 08:42 AM
Current Real Estate Activity: Lakefront Properties and Luxury Homes in the Stateline, NV area of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 6, 2010 / Richard Bolen)
We’ve just updated all  Lakefront Properties  (NV) real estate activity in the Stateline, NV area of South Lake Tahoe, including final 2009 sales, current escrow and all active listings. Please note “Lakefront Properties  (NV)” found in our left sidebar.
2009  Lakefront Properties, South Lake Tahoe lake front estate Sales,  here.
Current  Lakefront Properties, South Lake Tahoe lake front estates in escrow,  here.
Current  Lakefront Properties, South Lake Tahoe lake front estates  … (0 comments)

richard bolen: Listings Update for South Lake Tahoe, NV Real Estate in Round Hill - 06/22/10 08:35 AM
Current Real Estate Activity: Round Hill, Stateline, NV area of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 6, 2010 / Richard Bolen)
We’ve just updated all  Round Hill  (NV) neighborhood real estate activity in the Stateline, NV area of South Lake Tahoe, including final 2009 sales, current escrow and all active listings. Please note “Round Hill  (NV)” found in our left sidebar.
2009 Round Hill, single family home sales, here. (There aren’t any yet.)
Current  Round Hill, single family homes in escrow,  here.
Current  Round Hill, single family homes listed,  here.
Also note that we have added information … (0 comments)

richard bolen: Listings Update for South Lake Tahoe, NV Real Estate in Skyland - 06/22/10 08:30 AM
Current Real Estate Activity: Skyland neighborhood, Stateline, NV area of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 6, 2010 / Richard Bolen)
We’ve just updated all  Skyland  (NV) neighborhood real estate activity in the Stateline, NV area of South Lake Tahoe, including final 2009 sales, current escrow and all active listings. Please note “Skyland  (NV)” found in our left sidebar.
2009 Skyland, single family home sales, here.
Current  Skyland, single family homes in escrow,  here.
Current  Skyland, single family homes listed,  here.
Also note that we have added information about distressed sales to this report so that you … (0 comments)

richard bolen: Listings Update for South Lake Tahoe, NV Real Estate in Upper Kingsbury Neighborhood - 06/22/10 08:18 AM
Current Real Estate Activity: Upper Kingsbury neighborhood, Stateline, NV area of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 6, 2010 / Richard Bolen)
We’ve just updated all  Upper Kingsbury  (NV) neighborhood real estate activity in the Stateline, NV area of South Lake Tahoe, including final 2009 sales, current escrow and all active listings. Please note “Upper Kingsbury  (NV)” found in our left sidebar.
2009 Upper Kingsbury single family home sales,  here.
Current  Upper Kingsbury, South Lake Tahoe single family homes in escrow,  here.
Current  Upper Kingsbury, South Lake Tahoe single family homes listed,  here.
Also note that we … (0 comments)

richard bolen: South Lake Tahoe, NV Real Estate Listings in Zephyr Heights - 06/22/10 08:11 AM
Current Real Estate Activity: Zephyr Heights, Stateline, NV area of South Lake Tahoe. (Lake Tahoe Real Estate Blog / February 6, 2010 / Richard Bolen)
We’ve just updated all  Zephyr Heights (NV) neighborhood real estate activity in the Stateline, NV area of South Lake Tahoe, including final 2009 sales, current escrow and all active listings. Please note “Zephyr Heights  (NV)” found in our left sidebar.
2009  Zephyr Heights, South Lake Tahoe single family home Sales,  here.
Current  Zephyr Heights, South Lake Tahoe single family homes in escrow,  here.
Current  Zephyr Heights, South Lake Tahoe single family homes listed,  here.
Also note that … (0 comments)