Lake Tahoe East Shore Real Estate Market Statistics
February 11, 2010
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.
Nevada saw a slight upswing with Buyer Activity. I like to track the Market Activity Ratio for current Buyer activity which is the relationship between Active Listings and Pending Sales. This past week we saw the Market Activity Ratio increase from 15.1% to 16.3% which was influenced by the Active Listings increasing by 2 and the Pending Sales increasing by 3. There are 13 pending short sales and 1 REO sale which represents 53% of the pending sales.
This past week there were 4 new sales for a YTD of 14 sales. All of the recent sales this past week were below $475,000 which brought the 6 month Sales Average down by .5% to $776,305. The Average Days on Market for the sales is 216 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 180 | $413,121,623 | $2,295,120 | $749,000 | 322 | |||
| Listings Under Contract | 0 | $0 | $0 | $0 | 0 | |||
| Listings Sold 2010 | 14 | $6,317,050 | $451,218 | $448,125 | 208 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 28 | $9,260,400 | $330,729 | $285,000 | 339 | |||
| Upper Kingsbury | 7 | $6,132,500 | $876,071 | $649,000 | 408 | |||
| Mid Kingsbury | 8 | $7,862,000 | $982,750 | $572,500 | 323 | |||
| Lower Kingsbury | 3 | $6,699,000 | $2,233,000 | $1,949,000 | 168 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 468 | |||
| Lake Village | 9 | $3,728,350 | $414,261 | $355,000 | 306 | |||
| Round Hill | 13 | $12,944,999 | $995,769 | $749,000 | 392 | |||
| Elk Point | 2 | $3,840,000 | $1,920,000 | $1,920,000 | 158 | |||
| Pinewild/Marla | 4 | $3,117,777 | $779,444 | $722,500 | 280 | |||
| Zephyr Heights/Knolls | 8 | $7,912,000 | $989,000 | $862,000 | 261 | |||
| Zephyr Cove | 1 | $799,900 | $799,900 | $799,900 | 875 | |||
| Skyland/Tall Pn/Snug Harbor | 5 | $4,533,000 | $906,600 | $1,064,000 | 176 | |||
| Hidden Woods | 2 | $6,045,000 | $3,022,500 | $3,022,500 | 103 | |||
| Upper & Lower Lakeridge - LT | 6 | $5,886,000 | $981,000 | $1,047,000 | 316 | |||
| Cave Rock | 9 | $19,006,000 | $2,111,778 | $2,495,000 | 507 | |||
| Logan/Cedarbrok | 1 | $4,495,000 | $4,495,000 | $4,495,000 | 857 | |||
| Glenbrk/Uppaway | 17 | $71,635,500 | $4,213,853 | $4,299,500 | 318 | |||
| Lakefront Propt | 18 | $208,602,500 | $11,589,028 | $4,995,000 | 420 | |||
| Sub Total | 142 | $384,194,926 | $2,705,598 | $999,000 | 349 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $217,000 | $217,000 | $217,000 | 2 | |||
| Lower Kingsbury | 1 | $639,000 | $639,000 | $639,000 | 3 | |||
| Lake Village | 1 | $280,000 | $280,000 | $280,000 | 2 | |||
| Cave Rock | 1 | $795,000 | $795,000 | $795,000 | 5 | |||
| Sub Total | 4 | $1,931,000 | $482,750 | $459,500 | 3 | |||
| Back On Market | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper & Lower Lakeridge - LT | 1 | $1,295,000 | $1,295,000 | $1,295,000 | 13 | |||
| Sub Total | 1 | $1,295,000 | $1,295,000 | $1,295,000 | 13 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lower Kingsbury | 1 | $959,000 | $959,000 | $959,000 | 181 | |||
| Hidden Woods | 1 | $1,175,000 | $1,175,000 | $1,175,000 | 369 | |||
| Sub Total | 2 | $2,134,000 | $1,067,000 | $1,067,000 | 275 | |||
| Price Raised | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Skyland/Tall Pn/Snug Harbor | 1 | $850,000 | $850,000 | $850,000 | 2 | |||
| Sub Total | 1 | $850,000 | $850,000 | $850,000 | 2 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $458,000 | $229,000 | $229,000 | 97 | |||
| Upper Kingsbury | 1 | $498,000 | $498,000 | $498,000 | 19 | |||
| Mid Kingsbury | 1 | $449,500 | $449,500 | $449,500 | 45 | |||
| Sub Total | 4 | $1,405,500 | $351,375 | $374,750 | 64 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $934,400 | $311,467 | $249,000 | 170 | |||
| Upper Kingsbury | 1 | $429,000 | $429,000 | $429,000 | 18 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $895,000 | $895,000 | $895,000 | 302 | |||
| Logan/Cedarbrok | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 909 | |||
| Lakefront Propt | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 951 | |||
| Sub Total | 7 | $9,948,400 | $1,421,200 | $501,900 | 384 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $135,000 | $135,000 | $135,000 | 94 | |||
| Lake Village | 1 | $299,000 | $299,000 | $299,000 | 13 | |||
| Round Hill | 1 | $425,997 | $425,997 | $425,997 | 221 | |||
| Glenbrk/Uppaway | 1 | $1,050,000 | $1,050,000 | $1,050,000 | 634 | |||
| Sub Total | 4 | $1,909,997 | $477,499 | $362,499 | 241 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $334,000 | $167,000 | $167,000 | 474 | |||
| Upper Kingsbury | 3 | $2,559,800 | $853,267 | $79,900 | 160 | |||
| Mid Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 210 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 139 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 348 | |||
| Lake Village | 1 | $279,000 | $279,000 | $279,000 | 100 | |||
| Round Hill | 2 | $874,000 | $437,000 | $437,000 | 78 | |||
| Pinewild/Marla | 1 | $425,000 | $425,000 | $425,000 | 269 | |||
| Zephyr Heights/Knolls | 1 | $419,000 | $419,000 | $419,000 | 432 | |||
| Cave Rock | 1 | $1,395,000 | $1,395,000 | $1,395,000 | 260 | |||
| Lakefront Propt | 1 | $2,250,000 | $2,250,000 | $2,250,000 | 638 | |||
| Sub Total | 15 | $9,452,800 | $630,187 | $399,000 | 265 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 23 | $4,547,750 | $197,728 | $170,000 | 173 | |||
| Upper Kingsbury | 4 | $4,099,900 | $1,024,975 | $307,000 | 187 | |||
| Mid Kingsbury | 7 | $5,918,386 | $845,484 | $554,000 | 373 | |||
| Lower Kingsbury | 5 | $1,748,800 | $349,760 | $339,900 | 87 | |||
| Lincoln Park | 1 | $450,000 | $450,000 | $450,000 | 174 | |||
| Lake Village | 6 | $2,128,900 | $354,817 | $316,500 | 42 | |||
| Round Hill | 7 | $5,078,250 | $725,464 | $456,000 | 133 | |||
| Pinewild/Marla | 3 | $1,555,000 | $518,333 | $500,000 | 250 | |||
| Zephyr Heights/Knolls | 6 | $3,087,900 | $514,650 | $517,000 | 283 | |||
| Zephyr Cove | 1 | $725,000 | $725,000 | $725,000 | 107 | |||
| Skyland/Tall Pn/Snug Harbor | 2 | $1,311,000 | $655,500 | $655,500 | 190 | |||
| Upper & Lower Lakeridge - LT | 1 | $1,100,000 | $1,100,000 | $1,100,000 | 59 | |||
| Cave Rock | 2 | $2,022,000 | $1,011,000 | $1,011,000 | 531 | |||
| Glenbrk/Uppaway | 4 | $8,450,000 | $2,112,500 | $1,925,000 | 266 | |||
| Lakefront Propt | 3 | $16,000,000 | $5,333,333 | $4,550,000 | 655 | |||
| Sub Total | 75 | $58,222,886 | $776,305 | $356,400 | 216 | |||
South Lake Tahoe Weekly Real Estate Market Statistics
February 5, 2010
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.
This past week we saw the Buyer activity decrease. To track this activity, I use the Market Activity Ratio which is the relationship between Active Listings and Pending sales. This past week the Market Activity Ratio decreased from 20.4% to 17.5%. This is the result of the Active Listings jumping up by 16 and the Pending Sales dropping by 12. The percentage of Pending Sales that are Bank Owned and Short Sales is now 75% of the escrows.
This past week there were 12 new sales and the YTD total is 43 sales. The 6 month Average Sales Price is now $400,584 which is a 1.3% decrease from last week. The Average Days On market is 158 days. All of the sales this past week did sell at prices below $350,000 with the exception of 2 sales at $580,000 in the Tahoe Keys and $775,000 in Montgomery Estates.
| Listings per Status | |
Lake Tahoe East Shore Weekly Real Estate Market Statistics
February 5, 2010
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 East Shore Nevada market remains consistant with the Market Activity Ratio remaining the same at 15.1% this past week. The Market Activity Ratio is a trend that I track to determine the Buyer activity in the real estate market which is the relationship between Active Listings and Pending Sales. This past week the Active Listings increased by 6 and the Pending Sales increased by 1.
There were 3 new sales this past week for a YTD of 10. This increase the 6 month Average Sales by 1.9% to $780,108. The Average Days on Market is 211 days. The recent sales were a $215,900 condo in Lake Village, $535,000 lake view home in Zephyr Heights and $555,000 home in Skyland.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 178 | $412,643,200 | $2,318,220 | $749,000 | 325 | |||
| Listings Under Contract | 1 | $171,000 | $171,000 | $171,000 | 106 | |||
| Listings Sold 2010 | 10 | $4,937,150 | $493,715 | $458,125 | 206 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 26 | $8,635,500 | $332,135 | $285,000 | 359 | |||
| Upper Kingsbury | 8 | $6,631,500 | $828,938 | $599,500 | 353 | |||
| Mid Kingsbury | 8 | $8,567,500 | $1,070,938 | $935,000 | 227 | |||
| Lower Kingsbury | 4 | $7,678,000 | $1,919,500 | $1,899,500 | 166 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 462 | |||
| Lake Village | 9 | $3,677,400 | $408,600 | $355,000 | 296 | |||
| Round Hill | 12 | $12,395,999 | $1,033,000 | $759,000 | 397 | |||
| Elk Point | 2 | $3,840,000 | $1,920,000 | $1,920,000 | 152 | |||
| Pinewild/Marla | 5 | $3,765,554 | $753,111 | $647,777 | 358 | |||
| Zephyr Heights/Knolls | 5 | $5,008,000 | $1,001,600 | $975,000 | 391 | |||
| Zephyr Cove | 1 | $799,900 | $799,900 | $799,900 | 869 | |||
| Skyland/Tall Pn/Snug Harbor | 5 | $4,533,000 | $906,600 | $1,064,000 | 170 | |||
| Hidden Woods | 3 | $7,220,000 | $2,406,667 | $2,595,000 | 186 | |||
| Upper & Lower Lakeridge - LT | 6 | $5,886,000 | $981,000 | $1,047,000 | 310 | |||
| Cave Rock | 9 | $19,006,000 | $2,111,778 | $2,495,000 | 501 | |||
| Logan/Cedarbrok | 2 | $5,690,000 | $2,845,000 | $2,845,000 | 877 | |||
| Glenbrk/Uppaway | 16 | $64,135,500 | $4,008,469 | $3,924,750 | 322 | |||
| Lakefront Propt | 17 | $205,302,500 | $12,076,618 | $4,995,000 | 358 | |||
| Sub Total | 139 | $374,467,353 | $2,694,010 | $1,064,000 | 347 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $671,000 | $335,500 | $335,500 | 4 | |||
| Mid Kingsbury | 1 | $479,000 | $479,000 | $479,000 | 4 | |||
| Zephyr Heights/Knolls | 2 | $2,365,000 | $1,182,500 | $1,182,500 | 3 | |||
| Sub Total | 5 | $3,515,000 | $703,000 | $479,000 | 4 | |||
| Back On Market | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lakefront Propt | 1 | $4,650,000 | $4,650,000 | $4,650,000 | 1376 | |||
| Sub Total | 1 | $4,650,000 | $4,650,000 | $4,650,000 | 1376 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Mid Kingsbury | 1 | $550,000 | $550,000 | $550,000 | 897 | |||
| Pinewild/Marla | 1 | $425,000 | $425,000 | $425,000 | 263 | |||
| Sub Total | 2 | $975,000 | $487,500 | $487,500 | 580 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $466,800 | $233,400 | $233,400 | 85 | |||
| Lake Village | 1 | $349,950 | $349,950 | $349,950 | 46 | |||
| Round Hill | 1 | $549,000 | $549,000 | $549,000 | 258 | |||
| Glenbrk/Uppaway | 1 | $7,500,000 | $7,500,000 | $7,500,000 | 155 | |||
| Sub Total | 5 | $8,865,750 | $1,773,150 | $349,950 | 126 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $934,400 | $311,467 | $249,000 | 164 | |||
| Upper Kingsbury | 1 | $429,000 | $429,000 | $429,000 | 12 | |||
| Lincoln Park | 1 | $499,000 | $499,000 | $499,000 | 169 | |||
| Pinewild/Marla | 1 | $545,000 | $545,000 | $545,000 | 398 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $895,000 | $895,000 | $895,000 | 296 | |||
| Upper & Lower Lakeridge - LT | 1 | $1,295,000 | $1,295,000 | $1,295,000 | 7 | |||
| Lakefront Propt | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 945 | |||
| Sub Total | 9 | $11,092,400 | $1,232,489 | $501,900 | 258 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $284,900 | $284,900 | $284,900 | 170 | |||
| Round Hill | 1 | $425,997 | $425,997 | $425,997 | 215 | |||
| Zephyr Heights/Knolls | 1 | $539,000 | $539,000 | $539,000 | 77 | |||
| Glenbrk/Uppaway | 1 | $1,050,000 | $1,050,000 | $1,050,000 | 628 | |||
| Sub Total | 4 | $2,299,897 | $574,974 | $482,499 | 273 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $334,000 | $167,000 | $167,000 | 468 | |||
| Upper Kingsbury | 3 | $2,559,800 | $853,267 | $79,900 | 154 | |||
| Mid Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 204 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 133 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 342 | |||
| Lake Village | 1 | $279,000 | $279,000 | $279,000 | 94 | |||
| Round Hill | 2 | $874,000 | $437,000 | $437,000 | 72 | |||
| Zephyr Heights/Knolls | 1 | $419,000 | $419,000 | $419,000 | 426 | |||
| Cave Rock | 1 | $1,395,000 | $1,395,000 | $1,395,000 | 254 | |||
| Sub Total | 13 | $6,777,800 | $521,369 | $279,000 | 230 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 23 | $4,568,750 | $198,641 | $175,050 | 174 | |||
| Upper Kingsbury | 3 | $3,814,000 | $1,271,333 | $313,000 | 192 | |||
| Mid Kingsbury | 7 | $5,918,386 | $845,484 | $554,000 | 373 | |||
| Lower Kingsbury | 5 | $1,748,800 | $349,760 | $339,900 | 87 | |||
| Lake Village | 6 | $2,128,900 | $354,817 | $316,500 | 42 | |||
| Round Hill | 7 | $5,078,250 | $725,464 | $456,000 | 133 | |||
| Pinewild/Marla | 3 | $1,630,000 | $543,333 | $550,000 | 147 | |||
| Zephyr Heights/Knolls | 6 | $3,087,900 | $514,650 | $517,000 | 283 | |||
| Zephyr Cove | 1 | $725,000 | $725,000 | $725,000 | 107 | |||
| Skyland/Tall Pn/Snug Harbor | 2 | $1,311,000 | $655,500 | $655,500 | 190 | |||
| Upper & Lower Lakeridge - LT | 1 | $1,100,000 | $1,100,000 | $1,100,000 | 59 | |||
| Cave Rock | 2 | $2,022,000 | $1,011,000 | $1,011,000 | 531 | |||
| Glenbrk/Uppaway | 4 | $8,450,000 | $2,112,500 | $1,925,000 | 266 | |||
| Lakefront Propt | 3 | $16,000,000 | $5,333,333 | $4,550,000 | 655 | |||
| Sub Total | 73 | $57,582,986 | $788,808 | $356,400 | 213 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $171,000 | $171,000 | $171,000 | 106 | |||
| Sub Total | 1 | $171,000 | $171,000 | $171,000 | 106 | |||
