Tahoe Keys 2008 Statistics

January 18, 2009

Please click this link, tahoekeys2008 to see statistics from 12/1/06 to 12/31/08.

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NV Weekly Market Update

January 12, 2009

What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes only for the East Shore. The reason that I use this segment of the market is that it has the most influence on the general value trends.

The Nevada market is showing more life in the new year. Since last week inventory of Active Listings went down by 7 for a total of 138 while Pending Sales went up by 1 for a total of 7. The ratio of Active Listings to Pending Sales went from 3.9% to 4.8% in just a week, which is not bad for Nevada. Like the California side, if this trend continues, we could be seeing the bottom of the market now!

Status	Class	Type	Price Range	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM

ACTIVE
	RESIDENTIAL
		Residential
			$295,000 - $299,999	1	$299,900	$299,900	$299,900	135
			$325,000 - $329,999	1	$329,900	$329,900	$329,900	76
			$330,000 - $334,999	1	$332,500	$332,500	$332,500	35
			$395,000 - $399,999	1	$399,000	$399,000	$399,000	92
			$405,000 - $409,999	1	$405,000	$405,000	$405,000	116
			$445,000 - $449,999	1	$449,000	$449,000	$449,000	73
			$450,000 - $454,999	1	$450,000	$450,000	$450,000	76
			$465,000 - $469,999	1	$465,000	$465,000	$465,000	684
			$475,000 - $479,999	3	$1,433,000	$477,667	$479,000	387
			$500,000 - $504,999	2	$1,000,000	$500,000	$500,000	89
			$525,000 - $529,999	1	$529,000	$529,000	$529,000	105
			$545,000 - $549,999	1	$549,900	$549,900	$549,900	26
			$550,000 - $554,999	1	$550,000	$550,000	$550,000	253
			$555,000 - $559,999	1	$555,000	$555,000	$555,000	275
			$560,000 - $564,999	1	$560,000	$560,000	$560,000	16
			$565,000 - $569,999	1	$565,000	$565,000	$565,000	452
			$570,000 - $574,999	2	$1,147,900	$573,950	$573,950	49
			$585,000 - $589,999	2	$1,174,000	$587,000	$587,000	201
			$595,000 - $599,999	3	$1,793,000	$597,667	$599,000	200
			$635,000 - $639,999	2	$1,278,000	$639,000	$639,000	170
			$645,000 - $649,999	1	$645,000	$645,000	$645,000	280
			$680,000 - $684,999	1	$681,000	$681,000	$681,000	396
			$685,000 - $689,999	2	$1,378,500	$689,250	$689,250	150
			$695,000 - $699,999	3	$2,093,000	$697,667	$699,000	370
			$700,000 - $704,999	1	$700,000	$700,000	$700,000	255
			$715,000 - $719,999	1	$719,000	$719,000	$719,000	101
			$725,000 - $729,999	1	$725,000	$725,000	$725,000	116
			$745,000 - $749,999	1	$749,000	$749,000	$749,000	183
			$750,000 - $754,999	1	$750,000	$750,000	$750,000	203
			$795,000 - $799,999	1	$795,057	$795,057	$795,057	585
			$845,000 - $849,999	2	$1,694,999	$847,500	$847,500	110
			$975,000 - $979,999	1	$975,000	$975,000	$975,000	199
			$990,000 - $994,999	1	$990,000	$990,000	$990,000	193
			$995,000 - $999,999	5	$4,979,000	$995,800	$995,000	376
			$1,085,000 - $1,089,999	1	$1,088,000	$1,088,000	$1,088,000	120
			$1,090,000 - $1,094,999	2	$2,180,000	$1,090,000	$1,090,000	377
			$1,095,000 - $1,099,999	3	$3,285,000	$1,095,000	$1,095,000	464
			$1,145,000 - $1,149,999	1	$1,145,000	$1,145,000	$1,145,000	147
			$1,195,000 - $1,199,999	1	$1,195,000	$1,195,000	$1,195,000	482
			$1,200,000 - $1,204,999	1	$1,200,000	$1,200,000	$1,200,000	532
			$1,245,000 - $1,249,999	2	$2,498,000	$1,249,000	$1,249,000	241
			$1,250,000 - $1,254,999	1	$1,250,000	$1,250,000	$1,250,000	239
			$1,295,000 - $1,299,999	2	$2,590,000	$1,295,000	$1,295,000	316
			$1,385,000 - $1,389,999	1	$1,385,000	$1,385,000	$1,385,000	514
			$1,395,000 - $1,399,999	1	$1,399,000	$1,399,000	$1,399,000	182
			$1,445,000 - $1,449,999	1	$1,449,000	$1,449,000	$1,449,000	60
			$1,490,000 - $1,494,999	1	$1,492,000	$1,492,000	$1,492,000	125
			$1,495,000 - $1,499,999	2	$2,994,000	$1,497,000	$1,497,000	399
			$1,595,000 - $1,599,999	1	$1,595,000	$1,595,000	$1,595,000	258
			$1,600,000 - $1,604,999	1	$1,600,000	$1,600,000	$1,600,000	58
			$1,650,000 - $1,654,999	1	$1,650,000	$1,650,000	$1,650,000	287
			$1,750,000 - $1,754,999	2	$3,500,000	$1,750,000	$1,750,000	101
			$1,785,000 - $1,789,999	1	$1,785,000	$1,785,000	$1,785,000	193
			$1,795,000 - $1,799,999	4	$7,180,000	$1,795,000	$1,795,000	311
			$1,900,000 - $1,904,999	1	$1,900,000	$1,900,000	$1,900,000	25
			$1,975,000 - $1,979,999	1	$1,975,000	$1,975,000	$1,975,000	165
			$1,995,000 - $1,999,999	3	$5,985,000	$1,995,000	$1,995,000	221
			$2,100,000 - $2,104,999	2	$4,200,000	$2,100,000	$2,100,000	571
			$2,275,000 - $2,279,999	1	$2,275,000	$2,275,000	$2,275,000	410
			$2,295,000 - $2,299,999	1	$2,295,000	$2,295,000	$2,295,000	265
			$2,300,000 - $2,304,999	1	$2,300,000	$2,300,000	$2,300,000	213
			$2,345,000 - $2,349,999	1	$2,345,000	$2,345,000	$2,345,000	244
			$2,450,000 - $2,454,999	2	$4,900,000	$2,450,000	$2,450,000	154
			$2,455,000 - $2,459,999	1	$2,459,000	$2,459,000	$2,459,000	196
			$2,495,000 - $2,499,999	1	$2,495,000	$2,495,000	$2,495,000	83
			$2,550,000 - $2,554,999	1	$2,550,000	$2,550,000	$2,550,000	666
			$2,580,000 - $2,584,999	1	$2,580,000	$2,580,000	$2,580,000	186
			$2,595,000 - $2,599,999	1	$2,595,000	$2,595,000	$2,595,000	379
			$2,700,000 - $2,704,999	1	$2,700,000	$2,700,000	$2,700,000	133
			$2,750,000 - $2,754,999	2	$5,500,000	$2,750,000	$2,750,000	360
			$2,795,000 - $2,799,999	2	$5,593,000	$2,796,500	$2,796,500	488
			$2,995,000 - $2,999,999	1	$2,995,000	$2,995,000	$2,995,000	1179
			$3,495,000 - $3,499,999	1	$3,495,000	$3,495,000	$3,495,000	229
			$3,800,000 - $3,804,999	1	$3,800,000	$3,800,000	$3,800,000	482
			$3,895,000 - $3,899,999	1	$3,899,900	$3,899,900	$3,899,900	519
			$3,995,000 - $3,999,999	2	$7,994,999	$3,997,500	$3,997,500	175
			$4,495,000 - $4,499,999	3	$13,485,000	$4,495,000	$4,495,000	417
			$4,750,000 - $4,754,999	1	$4,750,000	$4,750,000	$4,750,000	55
			$4,950,000 - $4,954,999	1	$4,950,000	$4,950,000	$4,950,000	570
			$5,250,000 - $5,254,999	1	$5,250,000	$5,250,000	$5,250,000	593
			$5,400,000 - $5,404,999	1	$5,400,000	$5,400,000	$5,400,000	264
			$5,500,000 - $5,504,999	2	$11,000,000	$5,500,000	$5,500,000	495
			$5,595,000 - $5,599,999	1	$5,595,000	$5,595,000	$5,595,000	237
			$5,895,000 - $5,899,999	1	$5,895,000	$5,895,000	$5,895,000	89
			$5,950,000 - $5,954,999	1	$5,950,000	$5,950,000	$5,950,000	137
			$5,995,000 - $5,999,999	3	$17,985,000	$5,995,000	$5,995,000	297
			$6,250,000 - $6,254,999	1	$6,250,000	$6,250,000	$6,250,000	989
			$6,500,000 - $6,504,999	1	$6,500,000	$6,500,000	$6,500,000	53
			$7,495,000 - $7,499,999	1	$7,495,000	$7,495,000	$7,495,000	556
			$7,750,000 - $7,754,999	1	$7,750,000	$7,750,000	$7,750,000	61
			$9,495,000 - $9,499,999	1	$9,495,000	$9,495,000	$9,495,000	574
			$11,250,000 - $11,254,999	1	$11,250,000	$11,250,000	$11,250,000	518
			$100,000,000 - $100,004,999	1	$100,000,000	$100,000,000	$100,000,000	843
			Sub Total	131	$380,431,555	$2,904,058	$1,399,000	291
New
	RESIDENTIAL
		Residential
			$2,995,000 - $2,999,999	1	$2,999,000	$2,999,000	$2,999,000	5
			Sub Total	1	$2,999,000	$2,999,000	$2,999,000	5
Extended
	RESIDENTIAL
		Residential
			$4,950,000 - $4,954,999	1	$4,950,000	$4,950,000	$4,950,000	270
			$32,500,000 - $32,504,999	1	$32,500,000	$32,500,000	$32,500,000	76
			Sub Total	2	$37,450,000	$18,725,000	$18,725,000	173
Price Raised
	RESIDENTIAL
		Residential
			$1,900,000 - $1,904,999	1	$1,900,000	$1,900,000	$1,900,000	570
			Sub Total	1	$1,900,000	$1,900,000	$1,900,000	570
Price Reduced
	RESIDENTIAL
		Residential
			$415,000 - $419,999	1	$415,000	$415,000	$415,000	112
			Sub Total	1	$415,000	$415,000	$415,000	112
Active/Pending-Call
	RESIDENTIAL
		Residential
			$455,000 - $459,999	1	$459,000	$459,000	$459,000	3
			$4,995,000 - $4,999,999	1	$4,995,000	$4,995,000	$4,995,000	268
			Sub Total	2	$5,454,000	$2,727,000	$2,727,000	136
Active/Pending-Loan
	RESIDENTIAL
		Residential
			$395,000 - $399,999	1	$399,900	$399,900	$399,900	153
			$775,000 - $779,999	1	$775,000	$775,000	$775,000	52
			$795,000 - $799,999	1	$799,000	$799,000	$799,000	88
			Sub Total	3	$1,973,900	$657,967	$775,000	98
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			$445,000 - $449,999	1	$445,000	$445,000	$445,000	406
			$1,495,000 - $1,499,999	1	$1,495,000	$1,495,000	$1,495,000	138
			Sub Total	2	$1,940,000	$970,000	$970,000	272
PENDING-No Show
	RESIDENTIAL
		Residential
			$400,000 - $404,999	1	$400,000	$400,000	$400,000	109
			$560,000 - $564,999	1	$560,900	$560,900	$560,900	81
			Sub Total	2	$960,900	$480,450	$480,450	95

Grand Totals				145	$433,524,355	$2,989,823	$1,385,000	279

Filed Under Weekly Statistics for NV · Leave a Comment

CA Weekly Market Update

January 12, 2009

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

What a difference a week can make. The Active Listing inventory is up by 6 for a total of 379 and pending sales are up by 10 for a total of 47 which puts the ratio of Active to Pending sales at 11%. This is a substancial improvement from 9% last week. When compared to last year at this time the Active Listings was at 423, Pending Sales was at 33 for a ratio of 8%. Overall this year is already showing more buyers with less inventory. If this trend continues, then this year could prove to be the bottom!

Listings per Status

Area Market Survey

Listings as of 01/12/09 at 8:37pm

Active
Listing Price Range	Quantity	Average DOM
$100,000 thru $119,999	1	27
$160,000 thru $179,999	3	145
$180,000 thru $199,999	5	58
$200,000 thru $249,999	13	112
$250,000 thru $299,999	29	148
$300,000 thru $349,999	34	178
$350,000 thru $399,999	41	143
$400,000 thru $449,999	24	203
$450,000 thru $499,999	25	216
$500,000 thru $549,999	17	255
$550,000 thru $599,999	28	192
$600,000 thru $649,999	12	243
$650,000 thru $699,999	31	124
$700,000 thru $749,999	8	110
$750,000 thru $799,999	9	202
$800,000 thru $849,999	12	165
$850,000 thru $899,999	10	142
$900,000 thru $949,999	4	228
$950,000 thru $999,999	10	240
$1,000,000 thru $1,249,999	20	176
$1,250,000 thru $1,499,999	15	218
$1,500,000 thru $1,749,999	7	208
$1,750,000 thru $1,999,999	4	373
$2,000,000 thru $2,249,999	2	326
$2,250,000 thru $2,499,999	4	106
$2,500,000 thru $2,749,999	4	96
$3,000,000 thru $3,249,999	1	123
$3,250,000 thru $3,499,999	1	231
$3,750,000 thru $3,999,999	1	215
$4,750,000 thru $4,999,999	1	25
$5,000,000 thru $5,999,999	1	167
$7,000,000 thru $7,999,999	2	575
	379	178


Summary Price Information
Minimum	$100,000	Maximum	$7,950,000
Average	$750,409	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 ©2009 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 01/12/09 at 8:37pm

Pending
Listing Price Range	Quantity	Average DOM
$140,000 thru $159,999	1	196
$160,000 thru $179,999	1	34
$200,000 thru $249,999	4	66
$250,000 thru $299,999	9	162
$300,000 thru $349,999	5	101
$350,000 thru $399,999	8	141
$400,000 thru $449,999	5	256
$450,000 thru $499,999	3	218
$500,000 thru $549,999	3	625
$550,000 thru $599,999	2	123
$600,000 thru $649,999	2	259
$800,000 thru $849,999	2	183
$850,000 thru $899,999	1	238
$1,250,000 thru $1,499,999	1	104
	47	189


Summary Price Information
Minimum	$155,000	Maximum	$1,295,000
Average	$423,159	Median	$378,900

Filed Under Weekly Statistics for CA · Leave a Comment

New York Fed Begins Purchasing Mortgage-Backed Securities

January 11, 2009

New York Fed Begins Purchasing Mortgage-Backed Securities

January 5, 2009

The Federal Reserve Bank of New York today began purchasing fixed-rate mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. Selected private investment managers are acting as agents of the New York Fed in these purchases.

Summary data detailing these operations will be available on the New York Fed’s website beginning Thursday, January 8, 2009, and will be updated on a weekly basis each Thursday.

This program, first announced on November 25, 2008, is intended to support the mortgage and housing markets and foster improved conditions in financial markets more generally.

Contact:
Public Affairs
(212) 720-6130
(646) 720-6130
general.info@ny.frb.org

Filed Under National & California Association Of Realtors News · Leave a Comment