Tahoe Keys Home Sale Statistics As Of November 20th, 2008

Listings per Status
Minimum, Average, Maximum
Days On Market Analysis
$1,000,000 thru $1,249,999	7	204
$1,250,000 thru $1,499,999	5	96
$1,500,000 thru $1,749,999	6	238
$1,750,000 thru $1,999,999	2	109
$2,000,000 thru $2,249,999	1	172
$2,250,000 thru $2,499,999	2	121
$2,500,000 thru $2,749,999	2	15
$3,250,000 thru $3,499,999	1	183
$5,000,000 thru $5,999,999	1	114
$7,000,000 thru $7,999,999	2	522
	54	185

Summary Price Information
Minimum	$649,000	Maximum	$7,950,000
Average	$1,612,091	Median	$1,137,500

 

Pending Listing Price Range  Quantity      Average DOM   $650,000 thru $699,999 1 29   $850,000 thru $899,999 1 449   $1,250,000 thru $1,499,999 1 51     3 176

Summary Price Information Minimum  $699,000 Maximum  $1,295,000 Average  $963,000 Median  $895,000

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2008 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 11/20/08 at 9:20pm

 

Sold Selling Price Range  Quantity      Average DOM   $400,000 thru $449,999 3 51   $450,000 thru $499,999 1 276   $500,000 thru $549,999 2 177   $550,000 thru $599,999 2 368   $600,000 thru $649,999 1 78   $700,000 thru $749,999 2 248   $750,000 thru $799,999 2 47   $800,000 thru $849,999 2 217   $850,000 thru $899,999 3 109   $900,000 thru $949,999 1 35   $950,000 thru $999,999 2 97   $1,000,000 thru $1,249,999 4 301   $1,250,000 thru $1,499,999 2 61   $1,500,000 thru $1,749,999 1 797   $1,750,000 thru $1,999,999 1 48   $2,000,000 thru $2,249,999 1 146     30 183

Summary Price Information Minimum  $410,000 Maximum  $2,150,000 Average  $910,057 Median  $847,500

 

Expired Listing Price Range  Quantity      Average DOM   $550,000 thru $599,999 2 52   $650,000 thru $699,999 2 155   $750,000 thru $799,999 2 246   $850,000 thru $899,999 3 121   $900,000 thru $949,999 1 258   $1,000,000 thru $1,249,999 5 173   $1,250,000 thru $1,499,999 2 212   $1,750,000 thru $1,999,999 1 114   $3,000,000 thru $3,249,999 1 745   $4,250,000 thru $4,499,999 1 599     20 214

Summary Price Information Minimum  $575,000 Maximum  $4,495,000 Average  $1,272,950 Median  $1,017,000

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2008 Rapattoni Corporation. All rights

Weekly Statistics As Of Nov 15th, 2008

Listings per Status

Area Market Survey

Listings as of 11/15/08 at 3:18pm

 

Active Listing Price Range  Quantity      Average DOM   $140,000 thru $159,999 1 138   $160,000 thru $179,999 1 212   $180,000 thru $199,999 3 42   $200,000 thru $249,999 9 96   $250,000 thru $299,999 25 198   $300,000 thru $349,999 35 127   $350,000 thru $399,999 59 150   $400,000 thru $449,999 33 161   $450,000 thru $499,999 30 206   $500,000 thru $549,999 18 234   $550,000 thru $599,999 27 212   $600,000 thru $649,999 14 251   $650,000 thru $699,999 29 138   $700,000 thru $749,999 6 122   $750,000 thru $799,999 13 122   $800,000 thru $849,999 9 138   $850,000 thru $899,999 18 294   $900,000 thru $949,999 7 95   $950,000 thru $999,999 14 209   $1,000,000 thru $1,249,999 16 200   $1,250,000 thru $1,499,999 12 246   $1,500,000 thru $1,749,999 12 247   $1,750,000 thru $1,999,999 5 275   $2,000,000 thru $2,249,999 2 268   $2,250,000 thru $2,499,999 3 133   $2,500,000 thru $2,749,999 3 57   $2,750,000 thru $2,999,999 1 678   $3,000,000 thru $3,249,999 1 65   $3,250,000 thru $3,499,999 1 178   $3,750,000 thru $3,999,999 1 157   $5,000,000 thru $5,999,999 1 109   $7,000,000 thru $7,999,999 2 517     411 182

Summary Price Information Minimum  $155,000 Maximum  $7,950,000 Average  $736,507 Median  $529,900

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2008 Rapattoni Corporation. All rights reserved. Area Market Survey             Listings as of 11/15/08 at 3:20pm Pending Listing Price Range  Quantity      Average DOM   $200,000 thru $249,999 5 68   $250,000 thru $299,999 7 140   $300,000 thru $349,999 9 164   $350,000 thru $399,999 3 204   $400,000 thru $449,999 10 256   $450,000 thru $499,999 4 180   $500,000 thru $549,999 2 616   $550,000 thru $599,999 2 96   $600,000 thru $649,999 3 294   $650,000 thru $699,999 1 24   $750,000 thru $799,999 3 243   $800,000 thru $849,999 3 264   $850,000 thru $899,999 1 444   $950,000 thru $999,999 1 68   $1,000,000 thru $1,249,999 1 51   $1,250,000 thru $1,499,999 1 46   $1,750,000 thru $1,999,999 1 227     57 200     Summary Price Information Minimum  $229,000 Maximum  $1,890,000 Average  $517,342 Median  $429,000 Equal Opportunity Housing * All information deemed reliable, but not guaranteed. Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2008 Rapattoni Corporation. All rights reserved.

What you are looking at are numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes only.  The reason is because this segment of the market has the most influence on value trends. 

The numbers have changed slightly from last week.  I find it interesting to track the percentage  of pending escrows to the active listings.  This gives me a measurement of market activity.  When compared to last year at this time, the inventory is about the same except that the pending escrows has increased by about 3 points.  This translates into about 8 more escrows.  Not bad for all of the doom and gloom saturating this years news about the housing and economy woes.

When you look at the price bands, you will notice that in the $350K to $400K range, there is a larger number of homes on the market which is at 59.  Even more interesting to note is that the number of pending escrows is only 3.  This could indicate that there is a large number of unrealistically priced homes in this price band.  This is a huge selection to keep an eye on.

Weekly Statistics As Of October 4th, 2008

Listings per Status
Minimum, Average, Maximum
Days On Market Analysis
$1,000,000 thru $1,249,999	18	179
$1,250,000 thru $1,499,999	17	209
$1,500,000 thru $1,749,999	9	284
$1,750,000 thru $1,999,999	5	150
$2,000,000 thru $2,249,999	2	415
$2,250,000 thru $2,499,999	3	91
$2,500,000 thru $2,749,999	3	96
$2,750,000 thru $2,999,999	1	636
$3,000,000 thru $3,249,999	2	370
$3,250,000 thru $3,499,999	1	136
$3,750,000 thru $3,999,999	1	115
$5,000,000 thru $5,999,999	1	67
$7,000,000 thru $7,999,999	2	475
	443	169

Summary Price Information
Minimum	$189,000	Maximum	$7,950,000
Average	$732,416	Median	$539,000

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2008 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 10/04/08 at 11:04am

 

Pending Listing Price Range  Quantity      Average DOM   $160,000 thru $179,999 1 170   $200,000 thru $249,999 5 104   $250,000 thru $299,999 10 95   $300,000 thru $349,999 10 149   $350,000 thru $399,999 9 91   $400,000 thru $449,999 6 298   $450,000 thru $499,999 3 51   $500,000 thru $549,999 4 399   $550,000 thru $599,999 2 161   $600,000 thru $649,999 3 292   $650,000 thru $699,999 6 200   $700,000 thru $749,999 1 330   $750,000 thru $799,999 3 201   $800,000 thru $849,999 2 118   $850,000 thru $899,999 1 132   $950,000 thru $999,999 2 436   $1,000,000 thru $1,249,999 1 256   $1,750,000 thru $1,999,999 2 290   $2,250,000 thru $2,499,999 1 120     72 181

Summary Price Information Minimum  $174,900 Maximum  $2,300,000 Average  $541,606 Median  $424,000

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM mRapattoni Corporation. All rights reserved.ay not reflect total days property has been on market Copyright ©2008

You’ll notice that there are three charts above: Pie chart, Pending Sales and Active Listings.  These charts are numbers that are derived directly from the South Tahoe Association Of Realtors Multiple Listing Service (STAORMLS).  The numbers are a result of searching for single family homes in the city and county only. 

If you watch these numbers on a weekly basis, you will notice a trend.  If you look look at the various Price Bands and Days On Market (DOM), you will be able to track the trends with more meaning detail.

A more interesting trend to track is the percentage of pending sales to total listings on the market.  This will give you a general ideal of overall market activity.  At about 13.9%, the market as declined from the previous week which was above 14% which is the highest it’s been all year.  For most of the year, we have been averaging closer to 12%.  Historically, we should see this percentage drop as we draw closer to the winter season.

Best Buys as of June 20th, 2011

You will notice that my Best Buys are determined by the location, condition and quality for the price in today’s market.  Please Click Here for my picks of the week!

CA Bank Owned Foreclosures as of January 21st, 2012

Please click for List One, List Two.  Click for Multi Residential.

Bank Owned properties are forclosures in which title ownership has been transferred to the bank and/or investor.  The banks will typically list these properties with real estate agents to place on the open market.  They will often price these properties aggressively in hopes of creating a quick sale.  Consequently, you will notice that they will sell within 90 days if they are priced appropriately.

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