Home Buyer Blunders

 

 

California Real Estate Market Update

Here are few interesting facts about the California Real Estate Market provided by C.A.R. ( California Association of Realtors)
 
  • California: $546,820
  • Calif. highest median home price by region/county: San Mateo, $1,486,000
  • Calif. lowest median home price by region/county: Lassen, $189,000

Pending Home Sales Index declined 2.6 percent from 119.1 in October 2016 to 116.0 in October 2017. 

Week ending 12/21/2017 (Source: Freddie Mac)

  • 30 year fixed: 3.94% fees/points: 0.5%
  • 15-year fixed: 3.38% fees/points: 0.5%

Provided

Housing Challenges for an Aging Population

 

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Interesting article provided by C.A.R.

South Lake Tahoe Real Estate Market Update February 7. 2017

Currently there are 134 Active listings (single family and condo) in the city and county neighborhoods of South Lake Tahoe. 1 of which is a short sale and there are currently no REO (bank-owned) listings. There are currently 69 Active Pending (in escrow) listings. 6 of which are short sales and 1 is a REO listings.
 Comparing 2016 South Lake Tahoe Residential Sales to 2015 Sales
  • Median Home Values were up 13.4% compared to last year.
  • # of Sales were up from 694 to 773
  • # of Homes on the market are down 22.5% from 298 to 231
  • Average list to sale range is 97.7%.
  • Month supply of homes on the market is 3.6 compared to 5.3 last year.  Under 4 represents a sellers’s market.
The above information is based on the previous 12 Month Averages  (The method used by CAR).

Tahoe Island Drive 4th Quarter Report 2015

There were 35 single family homes that sold in the Tahoe Island Drive neighborhood in 2015 compared to 28 homes sold in 2014.

Avg. List Price $349,226
Avg. Sold Price $338,860
Avg. DOM (Days on Market) 121
Avg. SF (square feet) 1375

Avg. price per SF—$246.44

When comparing statistics with the previous year, the average price per square foot increased slightly (2.8%)compared to $239.53 per sq. ft. in 2014.

JUST SOLD (October 1 – December 31)

2143 12th St. (2 bd, 2 ba, 1272 sf) Listed at $269,000   Sold for $269,000

777 Eloise  Ave. (2 bd, 1 ba, 600 sf) Listed at $287,000   Sold for $280,000

2213 Washington Ave. (2 bd, 2 ba, 2 car garage,1092 sf)                                                                                      Listed at $339,000   Sold for  $332,000

734 Hazel Dr. (3 bd, 2 ba, 2 car garage, 1092 sf )                                                                                              Listed at $349,000   Sold for $339,000

779 Patricia Ln. (3 bd, 2 ba, 1566 sf) Listed at $369,000  Sold for $365,000

2140 Peter Ave. (3 bd, 2 ba, 2 car garage, 1532 sf) Listed at $399,900  Sold for $389,900  

223 Tahoe Vista Dr. (3 bd, 2 ba, 2000 sf) Listed at $425,000  Sold for $390,000        

ACTIVE LISTINGS

2055 12th St. #3  (2 bd, 1 ba, 976 sf) Listed at $155,000

682 Eloise Ave. #3 (2 bd, 1 ba 976 sf) Listed at $179,000

2186 Butler Ave. (3 bd, 2 ba, 1222 sf) Listed at $345,000

915 South Shore Dr. (4 bd, 3 ba, 2 car     garage, 2028 sf) Listed at $425,000

869 Lapham Dr. (3 bd, 2 ba, 2180 sf) Listed at $459,500

831 Patricia Ln. (4 bd, 4 ba, 3 car garage 3242 sf)  Listed at $799,000

ACTIVE PENDING (In Escrow)

915 Lapham Dr. (3 bd, 1 ba, 1128 sf) Listed at  $269,000

2208 Tahoe Vista Dr. (2 bd, 1 ba, 1 car garage, 912 sf)Listed at $329,000

625 Tahoe Island Dr. (5 bd, 3 ba, 2 car garage, 3055 sf)Listed at  $798,000

2111 Lukins Way ( 4bd, 3 ba, 2 car garage, 2463 sf) Listed at $639,000

 

                     

                      

         

 

 

 

 

 

                                                                

 

 

 

 

 

 

 

 

 

 

I would love to hear from you.  If you would like to share “news” taking  place in the neighborhood, or share  photos, recipes, or any special topics of interest, I will be happy to   include them in future editions.

 

 

 

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