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

Inventory on the rise!  This past week we saw the Market Activity Ratio decrease from 20.5% to 19.5%.  This is the relationship between Activity Listings (Inventory) and Pending Sales (Escrows) which tracks a trend in current Buyer Activity.  The result of the dip is due to Active Listings increasing by 12 and Pending Sales decreasing by 2.

We are starting a new year with 6 sales this past week for a fresh YTD of 14 Sales.  Sales for a one year period from today show the Median Sales Price at $315,000 and the Average Sales Price at $395,100.  All of the new sales occurred below $450,000 with the lowest price at $260,000.  Despite the consistent activity at the low end of the market, the foreclosures continue to replenish the supply.  January and February is usually when inventories are at their lowest before increasing again as we approach summer.

Listings per Status

 

 

 

Area Market Survey

Listings as of 01/15/10 at 8:08am

Active Listing Price Range  Quantity      Average DOM   $120,000 thru $139,999 3 185   $140,000 thru $159,999 1 228   $160,000 thru $179,999 6 73   $180,000 thru $199,999 6 152   $200,000 thru $249,999 23 119   $250,000 thru $299,999 50 160   $300,000 thru $349,999 43 162   $350,000 thru $399,999 37 207   $400,000 thru $449,999 16 199   $450,000 thru $499,999 18 267   $500,000 thru $549,999 18 131   $550,000 thru $599,999 24 188   $600,000 thru $649,999 8 54   $650,000 thru $699,999 16 228   $700,000 thru $749,999 8 82   $750,000 thru $799,999 9 151   $800,000 thru $849,999 3 187   $850,000 thru $899,999 6 249   $900,000 thru $949,999 2 549   $950,000 thru $999,999 11 241   $1,000,000 thru $1,249,999 13 311   $1,250,000 thru $1,499,999 8 308   $1,500,000 thru $1,749,999 3 143   $1,750,000 thru $1,999,999 6 216   $2,000,000 thru $2,249,999 2 239   $2,250,000 thru $2,499,999 3 448   $3,250,000 thru $3,499,999 2 240   $4,250,000 thru $4,499,999 1 535   $4,500,000 thru $4,749,999 2 83   $5,000,000 thru $5,999,999 1 1283   $10,000,000 or more 1 29     350 191

Summary Price Information Minimum  $126,000 Maximum  $12,900,000 Average  $662,186 Median  $429,500

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 ©2010 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 01/15/10 at 8:08am

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $80,000 thru $89,999 1 37   $100,000 thru $119,999 1 43   $120,000 thru $139,999 1 18   $140,000 thru $159,999 1 178   $160,000 thru $179,999 2 61   $180,000 thru $199,999 7 174   $200,000 thru $249,999 9 76   $250,000 thru $299,999 15 188   $300,000 thru $349,999 12 88   $350,000 thru $399,999 6 147   $400,000 thru $449,999 2 275   $450,000 thru $499,999 7 224   $500,000 thru $549,999 2 283   $550,000 thru $599,999 3 259   $600,000 thru $649,999 2 307   $650,000 thru $699,999 3 177   $700,000 thru $749,999 2 128   $750,000 thru $799,999 1 927   $800,000 thru $849,999 2 456   $850,000 thru $899,999 3 365   $950,000 thru $999,999 1 439   $1,250,000 thru $1,499,999 1 81     85 182

Summary Price Information Minimum  $67,900 Maximum  $1,395,000 Average  $397,174 Median  $316,500

Sold Selling Price Range  Quantity      Average DOM   $180,000 thru $199,999 1 153   $200,000 thru $249,999 2 113   $250,000 thru $299,999 1 170   $300,000 thru $349,999 1 66   $350,000 thru $399,999 3 183   $400,000 thru $449,999 3 225   $450,000 thru $499,999 1 245   $500,000 thru $549,999 1 33   $600,000 thru $649,999 1 249     14 169

Summary Price Information Minimum  $190,000 Maximum  $619,000 Average  $364,900 Median  $376,050

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 ©2010 Rapattoni Corporation. All rights reserved.

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 end of year sales was robust.  The Market Activity Ratio is a trend that I track to find the pulse of the Buyer activity which is the relationship between the Active Listings (Inventory) and Pending Sales (Escrows).  In the past couple of weeks the Market Activity Ratio did dip from 22.4% to 20.5% due to the holidays.  This was the result of the Active Listings decreasing by 19 and the Pending Sales decreasing by 16.

There were 28 completed Sales and YTD total of 473, which decreased the Average Sales Price by 1.3% to $386,815 and the Median Sales Price remained the same at $314,000.  Most of these sales occurred below $500,000 with 5 above that.  One sale was a lake front property that sold for $3,200,000.  The Average Days On Market was 162 days.

Listings per Status

 

Area Market Survey

Listings as of 01/07/10 at 4:19pm

Active Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 29   $120,000 thru $139,999 3 177   $140,000 thru $159,999 1 220   $160,000 thru $179,999 3 131   $180,000 thru $199,999 6 144   $200,000 thru $249,999 21 119   $250,000 thru $299,999 46 170   $300,000 thru $349,999 43 155   $350,000 thru $399,999 37 182   $400,000 thru $449,999 16 189   $450,000 thru $499,999 18 266   $500,000 thru $549,999 17 143   $550,000 thru $599,999 26 215   $600,000 thru $649,999 4 97   $650,000 thru $699,999 15 234   $700,000 thru $749,999 7 87   $750,000 thru $799,999 8 135   $800,000 thru $849,999 4 285   $850,000 thru $899,999 7 263   $900,000 thru $949,999 2 541   $950,000 thru $999,999 11 233   $1,000,000 thru $1,249,999 12 326   $1,250,000 thru $1,499,999 8 272   $1,500,000 thru $1,749,999 4 166   $1,750,000 thru $1,999,999 5 249   $2,000,000 thru $2,249,999 3 198   $2,250,000 thru $2,499,999 3 440   $3,250,000 thru $3,499,999 2 232   $4,250,000 thru $4,499,999 1 527   $4,500,000 thru $4,749,999 2 75   $5,000,000 thru $5,999,999 1 1275   $10,000,000 or more 1 21     338 196

Summary Price Information Minimum  $81,000 Maximum  $12,900,000 Average  $674,406 Median  $434,000

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 ©2010 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 01/07/10 at 4:19pm

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 69   $100,000 thru $119,999 2 108   $120,000 thru $139,999 1 10   $140,000 thru $159,999 1 170   $160,000 thru $179,999 2 54   $180,000 thru $199,999 6 162   $200,000 thru $249,999 11 74   $250,000 thru $299,999 16 181   $300,000 thru $349,999 15 89   $350,000 thru $399,999 6 272   $400,000 thru $449,999 4 254   $450,000 thru $499,999 5 212   $500,000 thru $549,999 3 308   $550,000 thru $599,999 3 220   $600,000 thru $649,999 2 299   $650,000 thru $699,999 2 104   $700,000 thru $749,999 1 230   $750,000 thru $799,999 1 919   $800,000 thru $849,999 1 295   $850,000 thru $899,999 2 341   $950,000 thru $999,999 1 431   $1,250,000 thru $1,499,999 1 73     87 176

Summary Price Information Minimum  $67,900 Maximum  $1,395,000 Average  $374,062 Median  $307,000

Sold Selling Price Range  Quantity      Average DOM   $80,000 thru $89,999 3 97   $120,000 thru $139,999 7 213   $140,000 thru $159,999 12 102   $160,000 thru $179,999 15 124   $180,000 thru $199,999 21 125   $200,000 thru $249,999 70 138   $250,000 thru $299,999 85 140   $300,000 thru $349,999 59 144   $350,000 thru $399,999 46 187   $400,000 thru $449,999 29 170   $450,000 thru $499,999 28 213   $500,000 thru $549,999 19 250   $550,000 thru $599,999 19 171   $600,000 thru $649,999 14 233   $650,000 thru $699,999 12 166   $700,000 thru $749,999 6 115   $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   $950,000 thru $999,999 1 1   $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 3 52   $2,500,000 thru $2,749,999 1 496   $2,750,000 thru $2,999,999 1 130   $3,000,000 thru $3,249,999 1 117     473 162

Summary Price Information Minimum  $80,000 Maximum  $3,200,000 Average  $391,816 Median  $314,000

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 ©2010 Rapattoni Corporation. All rights reserved.

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.

We saw a slight dip in activity over the holidays, but strong year end sales!  This past couple of weeks the Market Activity Ratio which is the relationship between Active Listings and Pending Sales went from 16.6% to 15.6%.  This is the result of Active Listings (Inventory) decreasing by 15 and the Pending Sales (Escrows) decreasing by 5.

There were 7 Sales within the last couple of weeks to bring the YTD total to 135 Sales with Average Days On Market of 198 days.  This decreases the Median by .6% to $410,000 and the Average Sales decreased by 1% to $775,100.  Most of the sales occurred under $500,000 with a couple of sales at $1,265,000 and $1,750,000.

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
Active Listings				179	$425,742,251	$2,378,448	$895,000	316
Listings Under Contract				2	$310,000	$155,000	$155,000	54
Listings Sold 2010				2	$1,580,000	$790,000	$790,000	144
ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	23	$8,001,400	$347,887	$318,000	258
			Upper Kingsbury	5	$4,713,500	$942,700	$429,000	292
			Mid Kingsbury	8	$8,742,500	$1,092,813	$912,500	307
			Lower Kingsbury	4	$7,024,000	$1,756,000	$1,572,500	181
			Lincoln Park	1	$1,695,000	$1,695,000	$1,695,000	433
			Lake Village	9	$4,062,900	$451,433	$389,000	275
			Round Hill	12	$12,184,000	$1,015,333	$739,000	377
			Elk Point	2	$3,840,000	$1,920,000	$1,920,000	123
			Pinewild/Marla	6	$6,214,554	$1,035,759	$771,389	364
			Zephyr Heights/Knolls	4	$4,033,000	$1,008,250	$974,000	453
			Zephyr Cove	1	$799,900	$799,900	$799,900	840
			Skyland/Tall Pn/Snug Harbor	9	$9,322,000	$1,035,778	$1,099,000	245
			Hidden Woods	3	$7,270,000	$2,423,333	$2,595,000	157
			Upper & Lower Lakeridge - LT	6	$6,008,500	$1,001,417	$1,045,000	282
			Cave Rock	8	$18,611,000	$2,326,375	$2,522,500	483
			Logan/Cedarbrok	3	$8,089,000	$2,696,333	$2,399,000	839
			Glenbrk/Uppaway	18	$77,130,500	$4,285,028	$4,397,250	286
			Lakefront Propt	17	$197,101,500	$11,594,206	$4,995,000	407
			Sub Total	139	$384,843,254	$2,768,657	$1,195,000	330
New
	RESIDENTIAL
		Residential
			Round Hill	2	$1,168,000	$584,000	$584,000	5
			Lakefront Propt	1	$12,900,000	$12,900,000	$12,900,000	17
			Sub Total	3	$14,068,000	$4,689,333	$769,000	9
Back On Market
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$369,900	$369,900	$369,900	94
			Sub Total	1	$369,900	$369,900	$369,900	94
Extended
	RESIDENTIAL
		Residential
			Upper Kingsbury	3	$1,998,000	$666,000	$650,000	437
			Lake Village	1	$305,000	$305,000	$305,000	120
			Pinewild/Marla	1	$545,000	$545,000	$545,000	369
			Zephyr Heights/Knolls	1	$1,999,000	$1,999,000	$1,999,000	530
			Sub Total	6	$4,847,000	$807,833	$649,500	388
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$309,500	$154,750	$154,750	522
			Sub Total	2	$309,500	$154,750	$154,750	522
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$249,000	$249,000	$249,000	384
			Lincoln Park	1	$499,000	$499,000	$499,000	140
			Lakefront Propt	1	$6,495,000	$6,495,000	$6,495,000	916
			Sub Total	3	$7,243,000	$2,414,333	$499,000	480
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Upper Kingsbury	2	$623,900	$311,950	$311,950	125
			Lower Kingsbury	1	$475,000	$475,000	$475,000	125
			Lake Village	1	$249,900	$249,900	$249,900	63
			Round Hill	2	$924,997	$462,499	$462,499	179
			Zephyr Heights/Knolls	1	$539,000	$539,000	$539,000	48
			Skyland/Tall Pn/Snug Harbor	1	$595,000	$595,000	$595,000	114
			Glenbrk/Uppaway	1	$1,050,000	$1,050,000	$1,050,000	599
			Sub Total	9	$4,457,797	$495,311	$475,000	173
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$509,000	$169,667	$175,000	363
			Upper Kingsbury	4	$2,984,800	$746,200	$252,450	233
			Mid Kingsbury	1	$399,000	$399,000	$399,000	175
			Lower Kingsbury	1	$239,000	$239,000	$239,000	104
			Kahle Park	1	$279,000	$279,000	$279,000	313
			Lake Village	1	$279,000	$279,000	$279,000	65
			Round Hill	1	$425,000	$425,000	$425,000	111
			Pinewild/Marla	1	$425,000	$425,000	$425,000	234
			Zephyr Heights/Knolls	1	$419,000	$419,000	$419,000	397
			Cave Rock	1	$1,395,000	$1,395,000	$1,395,000	225
			Lakefront Propt	1	$2,250,000	$2,250,000	$2,250,000	612
			Sub Total	16	$9,603,800	$600,238	$339,000	266
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	33	$6,896,150	$208,974	$180,500	199
			Upper Kingsbury	16	$9,474,810	$592,176	$379,000	156
			Mid Kingsbury	10	$8,956,386	$895,639	$693,500	310
			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	12	$8,683,999	$723,667	$628,000	119
			Elk Point	1	$715,000	$715,000	$715,000	102
			Pinewild/Marla	5	$2,530,000	$506,000	$500,000	207
			Zephyr Heights/Knolls	9	$4,009,800	$445,533	$450,000	129
			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	135	$104,638,466	$775,100	$410,000	198
PENDING-No Show
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$310,000	$155,000	$155,000	54
			Sub Total	2	$310,000	$155,000	$155,000	54

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