Lake Tahoe Nevada East Shore Weekly Real Estate Statistics

What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes and Condos for the East Shore.  I just started tracking condos with homes as of October 28th, 2009 which will be give different results from previous market reports.  The reason that I use this segment of the market is that it has the most influence on the general value trends.

The Market Activity Ratio is slightly down from the previous week from 16.1% to 15.2%.  This is the relationship between Active Listings (Inventory) and Pending Sales (Escrows) which is a trend that reveals current buyer activity in the market.  This past week we saw that decrease due to the Active Listings increasing by 1 and the Pending Sales decreasing by 2. 

There were 2 new completed Sales this past week for a YTD of 123 Sales.  One sold for $554,000 in the Kingsbury Grade area and then there was a 1.5 million dollar sale in Round Hill with a Lake View.  This increased the Median Sales Price by 1.2% to $415,000 and the Average Sales Price by .3% to $799,945.  The Average Days On Market is 202.

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
Active Listings				203	$438,188,625	$2,158,565	$749,000	311
Listings Under Contract				2	$903,700	$451,850	$451,850	40
Listings Sold 2009				123	$98,393,266	$799,945	$415,000	202
ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	34	$11,393,600	$335,106	$299,450	270
			Upper Kingsbury	8	$6,586,500	$823,313	$587,000	317
			Mid Kingsbury	9	$10,152,500	$1,128,056	$1,275,000	308
			Lower Kingsbury	4	$7,024,000	$1,756,000	$1,572,500	154
			Lincoln Park	2	$2,194,000	$1,097,000	$1,097,000	260
			Lake Village	11	$5,056,900	$459,718	$389,500	169
			Round Hill	14	$16,006,999	$1,143,357	$974,500	418
			Elk Point	2	$3,840,000	$1,920,000	$1,920,000	96
			Pinewild/Marla	7	$6,759,554	$965,651	$647,777	338
			Zephyr Heights/Knolls	8	$6,995,000	$874,375	$774,000	333
			Zephyr Cove	2	$4,299,900	$2,149,950	$2,149,950	435
			Skyland/Tall Pn/Snug Harbor	11	$11,336,000	$1,030,545	$1,099,000	229
			Hidden Woods	1	$2,950,000	$2,950,000	$2,950,000	24
			Upper & Lower Lakeridge – LT	5	$5,013,500	$1,002,700	$1,095,000	307
			Cave Rock	9	$20,852,000	$2,316,889	$2,550,000	506
			Logan/Cedarbrok	3	$8,089,000	$2,696,333	$2,399,000	812
			Glenbrk/Uppaway	18	$71,985,500	$3,999,194	$3,574,750	304
			Lakefront Propt	18	$205,295,000	$11,405,278	$4,995,000	413
			Sub Total	166	$405,829,953	$2,444,759	$1,014,500	322
New
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$139,000	$139,000	$139,000	3
			Lakefront Propt	1	$4,777,500	$4,777,500	$4,777,500	4
			Sub Total	2	$4,916,500	$2,458,250	$2,458,250	4
Back On Market
	RESIDENTIAL
		Residential
			Round Hill	1	$206,000	$206,000	$206,000	84
			Sub Total	1	$206,000	$206,000	$206,000	84
Extended
	RESIDENTIAL
		Residential
			Zephyr Heights/Knolls	1	$1,999,000	$1,999,000	$1,999,000	507
			Sub Total	1	$1,999,000	$1,999,000	$1,999,000	507
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$249,000	$249,000	$249,000	357
			Lake Village	1	$499,500	$499,500	$499,500	1154
			Hidden Woods	1	$1,175,000	$1,175,000	$1,175,000	308
			Sub Total	3	$1,923,500	$641,167	$499,500	606
Active/Pending-Call
	RESIDENTIAL
		Residential
			Lakefront Propt	1	$6,495,000	$6,495,000	$6,495,000	889
			Sub Total	1	$6,495,000	$6,495,000	$6,495,000	889
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$384,000	$192,000	$192,000	126
			Upper Kingsbury	2	$623,900	$311,950	$311,950	98
			Lower Kingsbury	1	$475,000	$475,000	$475,000	98
			Lake Village	1	$249,900	$249,900	$249,900	36
			Round Hill	3	$2,274,997	$758,332	$499,000	130
			Zephyr Heights/Knolls	2	$1,262,575	$631,288	$631,288	472
			Skyland/Tall Pn/Snug Harbor	1	$595,000	$595,000	$595,000	87
			Cave Rock	1	$798,000	$798,000	$798,000	147
			Sub Total	13	$6,663,372	$512,567	$475,000	165
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$398,500	$199,250	$199,250	428
			Upper Kingsbury	5	$3,634,800	$726,960	$425,000	262
			Mid Kingsbury	2	$830,000	$415,000	$415,000	279
			Lower Kingsbury	1	$239,000	$239,000	$239,000	77
			Kahle Park	1	$279,000	$279,000	$279,000	286
			Lake Village	1	$279,000	$279,000	$279,000	38
			Round Hill	1	$425,000	$425,000	$425,000	84
			Pinewild/Marla	1	$425,000	$425,000	$425,000	207
			Cave Rock	1	$1,395,000	$1,395,000	$1,395,000	198
			Lakefront Propt	1	$2,250,000	$2,250,000	$2,250,000	585
			Sub Total	16	$10,155,300	$634,706	$380,000	263
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	27	$5,673,950	$210,146	$180,000	216
			Upper Kingsbury	16	$9,474,810	$592,176	$379,000	156
			Mid Kingsbury	7	$7,447,386	$1,063,912	$799,000	349
			Lower Kingsbury	10	$4,535,800	$453,580	$345,000	109
			Kahle Park	1	$181,900	$181,900	$181,900	34
			Lake Village	9	$3,252,000	$361,333	$290,000	130
			Round Hill	10	$5,668,999	$566,900	$547,500	97
			Elk Point	1	$715,000	$715,000	$715,000	102
			Pinewild/Marla	5	$2,530,000	$506,000	$500,000	207
			Zephyr Heights/Knolls	8	$3,510,800	$438,850	$444,500	138
			Zephyr Cove	2	$1,225,000	$612,500	$612,500	78
			Skyland/Tall Pn/Snug Harbor	7	$4,988,500	$712,643	$756,000	170
			Hidden Woods	2	$3,515,000	$1,757,500	$1,757,500	565
			Upper & Lower Lakeridge – LT	2	$1,701,900	$850,950	$850,950	41
			Cave Rock	5	$2,997,221	$599,444	$455,000	337
			Glenbrk/Uppaway	4	$8,450,000	$2,112,500	$1,925,000	266
			Lakefront Propt	7	$32,525,000	$4,646,429	$4,225,000	469
			Sub Total	123	$98,393,266	$799,945	$415,000	202
PENDING-No Show
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$119,800	$119,800	$119,800	24
			Mid Kingsbury	1	$783,900	$783,900	$783,900	56
			Sub Total	2	$903,700	$451,850	$451,850	40

South Lake Tahoe Weekly Real Estate Market Statistics

As of July 29th, 2009, I began adding Condos to the market statistics.  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 and Condos.  The reason that I use this segment of the market is that it has the most influence on the general value trends

The Market Activity Ratio is up dramatically from 21.2% to 23.4% this past week.  The Market Activity Ratio is the relationship between Active Listings (Inventory) and Pending Sales (Escrows) which gives a more current trend of the buyer activity on the market.  The result of the increase this past week is a dramatic decrease in Active listings by 25 and a slight increase in Pending Sales by 6.  The price brackets effected the most by the drop in inventory is between $300K to $350K and $550K to $600K.  Selection in these prices brackets are a little short now but the lower price brackets continue to be re supplied by the forclosures and short sales influencing our market.  We are also experiencing the number of short sales piling up due to lengthy escrows which is now up to 43 escrows.  Short Sales and Bank Owned properties now represent 62.7% of the pending sales in our market.  This is still lower than the larger metro areas.  For the most part of this year it hovered at about 50%.

Sales for the past week are up by 5 for a YTD of 416.  The sale prices are $155K, $193K, $379K, $400K, $1.23 million.  This pushed the Median Sales Price (Price where most sales occur) way down by a 3% to $310,000 yet the Average Sales Price had slightly increased by .1% to $385,347 which is thanks to the million dollar sale in the Tahoe Keys.

Listings per Status

Area Market Survey

Listings as of 12/04/09 at 8:22am

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 35   $100,000 thru $119,999 1 1   $120,000 thru $139,999 4 147   $140,000 thru $159,999 1 186   $160,000 thru $179,999 6 152   $180,000 thru $199,999 6 283   $200,000 thru $249,999 24 107   $250,000 thru $299,999 45 173   $300,000 thru $349,999 44 148   $350,000 thru $399,999 40 189   $400,000 thru $449,999 16 185   $450,000 thru $499,999 27 188   $500,000 thru $549,999 16 205   $550,000 thru $599,999 25 220   $600,000 thru $649,999 7 111   $650,000 thru $699,999 14 227   $700,000 thru $749,999 4 119   $750,000 thru $799,999 9 140   $800,000 thru $849,999 8 258   $850,000 thru $899,999 6 319   $900,000 thru $949,999 3 457   $950,000 thru $999,999 11 182   $1,000,000 thru $1,249,999 12 327   $1,250,000 thru $1,499,999 11 290   $1,500,000 thru $1,749,999 3 182   $1,750,000 thru $1,999,999 4 251   $2,000,000 thru $2,249,999 3 348   $2,250,000 thru $2,499,999 3 406   $3,250,000 thru $3,499,999 2 198   $3,750,000 thru $3,999,999 1 91   $4,250,000 thru $4,499,999 1 493   $4,500,000 thru $4,749,999 2 218   $5,000,000 thru $5,999,999 1 1241     361 197

Summary Price Information Minimum  $74,900 Maximum  $5,495,000 Average  $632,519 Median  $430,000

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 12/04/09 at 8:22am

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 2 94   $100,000 thru $119,999 1 146   $140,000 thru $159,999 1 136   $160,000 thru $179,999 2 73   $180,000 thru $199,999 2 202   $200,000 thru $249,999 17 82   $250,000 thru $299,999 19 154   $300,000 thru $349,999 11 96   $350,000 thru $399,999 11 225   $400,000 thru $449,999 7 367   $450,000 thru $499,999 7 215   $500,000 thru $549,999 5 206   $550,000 thru $599,999 8 217   $600,000 thru $649,999 4 325   $650,000 thru $699,999 6 214   $700,000 thru $749,999 2 184   $750,000 thru $799,999 1 37   $800,000 thru $849,999 1 262   $850,000 thru $899,999 2 307   $1,750,000 thru $1,999,999 1 137     110 179

Summary Price Information Minimum  $92,900 Maximum  $1,988,000 Average  $410,525 Median  $351,950

Sold Selling Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 78   $120,000 thru $139,999 7 213   $140,000 thru $159,999 11 99   $160,000 thru $179,999 13 134   $180,000 thru $199,999 19 129   $200,000 thru $249,999 57 145   $250,000 thru $299,999 80 144   $300,000 thru $349,999 55 145   $350,000 thru $399,999 39 177   $400,000 thru $449,999 26 144   $450,000 thru $499,999 24 222   $500,000 thru $549,999 18 262   $550,000 thru $599,999 16 179   $600,000 thru $649,999 11 214   $650,000 thru $699,999 9 183   $700,000 thru $749,999 5 129   $750,000 thru $799,999 6 159   $800,000 thru $849,999 5 213   $850,000 thru $899,999 1 425   $900,000 thru $949,999 5 235   $1,000,000 thru $1,249,999 2 260   $1,250,000 thru $1,499,999 2 228   $1,500,000 thru $1,749,999 2 78   $2,500,000 thru $2,749,999 1 496   $2,750,000 thru $2,999,999 1 130     416 164

Summary Price Information Minimum  $85,000 Maximum  $2,850,000 Average  $385,347 Median  $309,250

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.

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