At the end of E San Bernardino Avenue you can find Tahoe Paradise Park.  The upper section of the park includes Lake Baron (a great spot for fishing, or a beautiful backdrop for pictures), tennis courts, and a clubhouse which you can reserve for private parties and events (Tahoe Paradise Resort Improvement District 530-577-9881).  The lower section of the park has a playground, picnic area, basketball courts, ball fields, and backs up to the river.  More trails can be found here.  Also off of San Bernardino Avenue  is the Lake Tahoe Environmental Science Magnet School.

Along with all the great amenities mentioned above, Meyers is about 15-20 minutes from Sierra At Tahoe Ski Resort, 5-10 minutes from the “Y area” of town, and 18-20 minutes from Stateline.  Meyers is also close to Highway 89 which leads to Hope Valley (beautiful views) and Kirkwood Ski Resort.  Meyers neighborhood is a great place for any homeowner.  There are prime older homes, newer construction homes and even some lots for you to build your dream home on.  Whatever your needs may be, Meyers has plenty to offer.

• Getaway Cafe – Provides Breakfast, Lunch, & Dinner
• The Divided Sky – Bar/Restaurant/Entertainment
• Bob Dog Pizza – Pizza, Calzones, & More!
• Lake Tahoe Adventures – Adventure Tour Company
• Downtown Cafe – Breakfast & Brunch – 3200 US Highway 50 Ste 1 (530)573-0228

The active inventory in South Lake Tahoe has dropped to 16 Single family homes, down slightly from last week.

There was a great price reduction on 2495 Fountain (From $264,900 to $229,900) in Sierra Tract neighborhood.  Really a nice property and at the end of a street in the backside of Sierra Tract, sCo not a lot of through traffic, it’s near the trails, open area, etc.

Click here to view all properties. And as always if you have any questions please don’t hesitate to contact our team!

Click here to read a great article written by LA Times that helps you to understand how some lenders are still skating around the regulation and what you should expect from a GOOD lender.

As always, we are happy to provide references to a list of great lenders and mortgage brokers if you would like a referral to someone who is trustworthy, diligent and ethical.   Every lender on our list, we have worked with and been very happy with.

Happy Shopping!

Well you might want to talk to your lender again to make sure you still qualify and that you are still happy with what you will be getting.

The credit score minimum is going up and the insurance premiums are raising.  Click here to check out an article that was on realtytrac.com that breaks down  how this might affect you.

A Must See Duplex!

Sold 11/24/09 $215,000

Great price for a duplex! Both units are single level with one unit upstairs and one unit downstairs. Two car garage.Fenced backyard. Located near Ski Run Blvd for easy access to Heavenly, stateline and the beaches. Ask your agent about special financing and incentives offered by the seller.

• Asking Price $212,850
• 4 Bedrooms
• 2 Bathrooms
• 2016 Square Feet

Additional Photos

Prices started dropping and a lot of bank owned deals are coming out that we thought we should share the top ten early this week.

In addition to the Single Family homes featured on the list, one of our multi-units was just listed in a great location on over 3/4 acre lot!!   Fourplex, right at the edge of town in the Tahoe Island neighborhood, a couple houses down from the bike trails at 12th Street that lead out to Camp Richardson, Pope & Kiva Beach.  Listed at $287,000. Definitely needs some work but for the location & lot size it’s a great deal!

http://www.tahoehomedeals.com/top-10-deals/

Enjoy your Labor Day weekend,
Michelle, Heather & Colleen
Tahoe Visions Team
–

SOLD 9/18/2009 $247,000

Great location near the Tahoe Keys! This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is approved for HomePath Renovation Mortgage Financing. Ranch style home on cul-de-sac near meadow. Come spruce up this rancher that needs some TLC but that could be a great second home or primary residence for someone looking for a central in town location near the many amenities that Tahoe has to offer.

• Asking Price $253,800
• 3 Bedrooms
• 2 Bathrooms
• 1274 Square Feet

Additional Photos

Asking Price $148,500

This bank owned property just came onto the market. This is a must see! Yes the price is correct and it is not a typo!

This 3 bedroom is centrally located to beaches, shopping, restaurants, and Heavenly ski resort. This home is in need of some TLC but there is so much potential. 

This great buy will not last long, so if you are interested come check it out and see what all the talk is about or contact the Tahoe Visions Team to learn about more great deals available.

click on this link to view property and details.

There are plenty of other homes available so if we are not featuring the type of homes that you are interested in, please let us know and we can send you a detailed list for your more specific needs.

Currently there is a slowdown in bank owned listings hitting the market, due to many of the banks having put a moratorium on foreclosures during the first quarter of the year. This affects the number of deals sitting on the market and the REO’s are going into pending very quickly.  We should likely see an increase in REO inventory in the coming months to keep the prices competitively low for buyers so keep your eyes open!

While no one knows the answer to that question there are a lot of indicating factors to watch closely over the next 3-6 months…..nationwide trends are indicating the “potential” for a leveling off of the rapid market depreciation that we’ve seen.

But on the flip side, I haven’t seen a single one of those articles weigh on the fact that there was a 3 months moratorium on foreclosures from a lot of the big giants–Fannie Mae, Freddie Mac and JPMorganChase/Washington Mutual.  If we recall, what caused the market decline in the first place is increasing foreclosures on the market driving the prices down in neighborhoods.  Well here we are about to have a flood of foreclosures hit the market again.

So the big question in my eyes is:   Has the government done enough to free up money for purchasers & consumer confidence risen enough so they continue buying (as the trend is increasing that pending sales went up in March) and will it be enough to balance the onslaught of new foreclosure listings about to hit the market in the coming months?

Stay tuned to find out but read these articles below…they both offer some great insight into the market trends and what to watch carefully for.

http://money.cnn.com/2009/05/04/real_estate/March_pending_home_sales/?postversion=2009050411

http://www.reuters.com/article/newsOne/idUSTRE53S3NK20090504

http://www.realtytrac.com/ContentManagement/RealtyTracLibrary.aspx?a=b&ItemID=6195&accnt=64953