Quick Update: In the Tahoe Basin, single family homes which are in escrow range from $99,000 to $10.5 million. There are 178 houses for sale, 54 more are in escrow, and 73 have sold in the last three months. Prices are still feeling downward pressure which is creating healthy buyer demand.
Lake Tahoe Short Sales: Of the properties in escrow,19 are short sales with a price range of $99,999 to $2.9 million.
REO / Foreclosures: There are 14 REO’s in escrow right now ranging from $89k – 699k.
There have been 5 short sales and 5 REO’s which have closed escrow (ie. they sold!) since Jan 1.
See Tahoe Foreclosure / REO listings for sale
See Tahoe Short Sale listings for sale