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 trend.

The buyer activity has flattenned and it’s time to change the tire.  This could be the result of the accelerated buyer activity due to the tax credit deadline.  To track the most current buyer activity on the market, I like to use the Market Activity Ratio.  This is the relationship between Active listings and Pending sales.  This past week we did see the Market Activity Ratio decrease from 17.9% to 16.7%.  This is the result of the Active Listings increasing by 19 as the Pending sales decreased by 4.  The inventory is building up and outpacing sales.  It is interesting to note that there are now 15 Pending Bank Owned properties and 46 Short Sales.  The distress sales now represent 63.5% of the Pending sales.

This past week there were 12 new sales for a YTD of 246 sales.  Most of the sales occurred below $360,000 and five above $500,000.  The high end sales were $536,500 in the Tahoe Keys, $575,000 in Montgomery Estates, $875,000 on Uplands with a lakeview, $930,000 in the Tahoe Keys and $1,000,000 on Lakeview with a lake view.  This increased the 6 month average sales price by 1.7% to $404,234.  The average days on market for these sales is 147 days.

Listings per Status

 

Area Market Survey

Listings as of 06/25/10 at 9:00am

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 7   $80,000 thru $89,999 3 121   $90,000 thru $99,999 1 58   $100,000 thru $119,999 1 63   $120,000 thru $139,999 2 413   $140,000 thru $159,999 9 67   $160,000 thru $179,999 10 78   $180,000 thru $199,999 11 217   $200,000 thru $249,999 31 151   $250,000 thru $299,999 78 136   $300,000 thru $349,999 52 122   $350,000 thru $399,999 43 143   $400,000 thru $449,999 22 163   $450,000 thru $499,999 38 206   $500,000 thru $549,999 20 125   $550,000 thru $599,999 31 159   $600,000 thru $649,999 13 173   $650,000 thru $699,999 17 129   $700,000 thru $749,999 10 200   $750,000 thru $799,999 14 137   $800,000 thru $849,999 4 269   $850,000 thru $899,999 5 307   $900,000 thru $949,999 4 280   $950,000 thru $999,999 7 158   $1,000,000 thru $1,249,999 13 229   $1,250,000 thru $1,499,999 10 117   $1,500,000 thru $1,749,999 3 304   $1,750,000 thru $1,999,999 8 314   $2,000,000 thru $2,249,999 4 70   $2,250,000 thru $2,499,999 4 309   $2,500,000 thru $2,749,999 2 106   $3,250,000 thru $3,499,999 1 7   $3,500,000 thru $3,749,999 1 15   $3,750,000 thru $3,999,999 1 59   $4,000,000 thru $4,249,999 2 149   $4,250,000 thru $4,499,999 1 696   $4,750,000 thru $4,999,999 1 1444   $10,000,000 or more 1 190     479 161

Summary Price Information Minimum  $75,000 Maximum  $12,900,000 Average  $617,969 Median  $399,500

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 06/25/10 at 9:00am

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 126   $140,000 thru $159,999 4 45   $160,000 thru $179,999 5 131   $180,000 thru $199,999 7 185   $200,000 thru $249,999 9 151   $250,000 thru $299,999 22 242   $300,000 thru $349,999 13 146   $350,000 thru $399,999 10 190   $400,000 thru $449,999 4 85   $450,000 thru $499,999 5 88   $500,000 thru $549,999 3 225   $550,000 thru $599,999 3 307   $600,000 thru $649,999 3 396   $700,000 thru $749,999 2 251   $750,000 thru $799,999 3 426   $950,000 thru $999,999 1 777   $1,250,000 thru $1,499,999 1 427     96 201

Summary Price Information Minimum  $99,000 Maximum  $1,488,000 Average  $363,296 Median  $304,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $70,000 thru $79,999 1 82   $100,000 thru $119,999 1 38   $120,000 thru $139,999 5 125   $140,000 thru $159,999 11 69   $160,000 thru $179,999 12 134   $180,000 thru $199,999 12 119   $200,000 thru $249,999 38 106   $250,000 thru $299,999 36 132   $300,000 thru $349,999 27 160   $350,000 thru $399,999 26 154   $400,000 thru $449,999 13 196   $450,000 thru $499,999 15 146   $500,000 thru $549,999 10 113   $550,000 thru $599,999 10 207   $600,000 thru $649,999 5 158   $650,000 thru $699,999 8 83   $700,000 thru $749,999 6 195   $750,000 thru $799,999 5 326   $800,000 thru $849,999 1 393   $850,000 thru $899,999 2 277   $900,000 thru $949,999 5 254   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 4 269   $1,250,000 thru $1,499,999 1 277   $3,000,000 thru $3,249,999 1 117   $3,500,000 thru $3,749,999 1 244     258 147

Summary Price Information Minimum  $67,000 Maximum  $3,525,000 Average  $404,234 Median  $317,000

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 Weekly Real Estate Market Statistics For East Shore Nevada

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 has flattenned out!  It’s time to change the tire and get on the road again.  To track the most current Buyer activity on the market, I like to use the Market Activity Ratio.  This is the relationship between Active Listings on the market and the Pending Sales.  This past week we did see the Market Activity ratio decrease from 10.8% to 8.8%.  This is the result of the Active Listings increasing by 1 as the Pending Sales dropped by 5.  It is interesting to note that the number of Pending Short Sales did increase by 2 which now represents 65% of the Pending sales. 

There were 2 new sales this past week for a YTD total of 56 sales.  A lakeview home in Lakeridge sold for $767,000 and the other sale was in Glenbrook for $2,550,000.  This increased the 6 month average sales price by a significant 7.5% to $748,611.  The average days on market for these sales is 257 days.

Status	Class	Type	Price Range	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
ACTIVE
	RESIDENTIAL
		Residential
			$65,000 - $69,999	1	$69,900	$69,900	$69,900	220
			$125,000 - $129,999	2	$254,150	$127,075	$127,075	134
			$130,000 - $134,999	1	$134,900	$134,900	$134,900	38
			$135,000 - $139,999	1	$135,000	$135,000	$135,000	30
			$165,000 - $169,999	1	$169,500	$169,500	$169,500	1131
			$170,000 - $174,999	1	$174,000	$174,000	$174,000	126
			$185,000 - $189,999	2	$378,000	$189,000	$189,000	84
			$195,000 - $199,999	3	$595,500	$198,500	$199,000	302
			$200,000 - $204,999	1	$204,900	$204,900	$204,900	52
			$215,000 - $219,999	1	$215,000	$215,000	$215,000	45
			$230,000 - $234,999	1	$234,500	$234,500	$234,500	871
			$240,000 - $244,999	1	$240,000	$240,000	$240,000	122
			$245,000 - $249,999	1	$249,000	$249,000	$249,000	122
			$255,000 - $259,999	4	$1,037,400	$259,350	$259,250	268
			$265,000 - $269,999	1	$269,000	$269,000	$269,000	538
			$270,000 - $274,999	1	$270,000	$270,000	$270,000	194
			$295,000 - $299,999	3	$893,900	$297,967	$299,000	28
			$315,000 - $319,999	1	$318,000	$318,000	$318,000	533
			$325,000 - $329,999	4	$1,305,400	$326,350	$326,250	134
			$335,000 - $339,999	1	$339,000	$339,000	$339,000	18
			$345,000 - $349,999	2	$698,500	$349,250	$349,250	407
			$365,000 - $369,999	1	$365,000	$365,000	$365,000	10
			$370,000 - $374,999	2	$742,000	$371,000	$371,000	49
			$375,000 - $379,999	2	$754,000	$377,000	$377,000	76
			$395,000 - $399,999	4	$1,592,000	$398,000	$399,000	360
			$410,000 - $414,999	3	$1,232,000	$410,667	$410,000	53
			$415,000 - $419,999	3	$1,253,000	$417,667	$419,000	323
			$425,000 - $429,999	1	$425,000	$425,000	$425,000	144
			$440,000 - $444,999	1	$440,000	$440,000	$440,000	89
			$445,000 - $449,999	1	$449,000	$449,000	$449,000	361
			$450,000 - $454,999	1	$450,000	$450,000	$450,000	181
			$465,000 - $469,999	1	$469,000	$469,000	$469,000	36
			$475,000 - $479,999	7	$3,345,177	$477,882	$479,000	210
			$495,000 - $499,999	2	$998,000	$499,000	$499,000	406
			$510,000 - $514,999	2	$1,020,000	$510,000	$510,000	227
			$525,000 - $529,999	1	$525,000	$525,000	$525,000	65
			$530,000 - $534,999	1	$534,000	$534,000	$534,000	116
			$535,000 - $539,999	1	$539,000	$539,000	$539,000	86
			$545,000 - $549,999	1	$547,000	$547,000	$547,000	95
			$550,000 - $554,999	1	$550,000	$550,000	$550,000	1037
			$555,000 - $559,999	1	$555,000	$555,000	$555,000	45
			$570,000 - $574,999	1	$570,000	$570,000	$570,000	161
			$575,000 - $579,999	1	$575,000	$575,000	$575,000	305
			$585,000 - $589,999	1	$588,000	$588,000	$588,000	45
			$595,000 - $599,999	6	$3,586,000	$597,667	$599,000	47
			$625,000 - $629,999	2	$1,254,000	$627,000	$627,000	756
			$630,000 - $634,999	1	$634,500	$634,500	$634,500	11
			$635,000 - $639,999	2	$1,274,000	$637,000	$637,000	79
			$645,000 - $649,999	6	$3,885,000	$647,500	$648,500	207
			$655,000 - $659,999	1	$659,000	$659,000	$659,000	28
			$665,000 - $669,999	1	$669,000	$669,000	$669,000	34
			$675,000 - $679,999	2	$1,353,000	$676,500	$676,500	98
			$695,000 - $699,999	2	$1,394,000	$697,000	$697,000	338
			$720,000 - $724,999	1	$724,999	$724,999	$724,999	53
			$745,000 - $749,999	1	$749,000	$749,000	$749,000	122
			$750,000 - $754,999	1	$750,000	$750,000	$750,000	139
			$765,000 - $769,999	2	$1,538,000	$769,000	$769,000	148
			$795,000 - $799,999	2	$1,594,900	$797,450	$797,450	14
			$845,000 - $849,999	2	$1,694,000	$847,000	$847,000	20
			$850,000 - $854,999	1	$850,000	$850,000	$850,000	15
			$895,000 - $899,999	1	$895,000	$895,000	$895,000	267
			$925,000 - $929,999	1	$925,000	$925,000	$925,000	168
			$955,000 - $959,999	1	$959,000	$959,000	$959,000	315
			$960,000 - $964,999	1	$960,000	$960,000	$960,000	16
			$995,000 - $999,999	3	$2,989,999	$996,666	$995,000	441
			$1,040,000 - $1,044,999	1	$1,040,000	$1,040,000	$1,040,000	60
			$1,045,000 - $1,049,999	1	$1,049,000	$1,049,000	$1,049,000	800
			$1,095,000 - $1,099,999	2	$2,190,000	$1,095,000	$1,095,000	547
			$1,100,000 - $1,104,999	2	$2,200,000	$1,100,000	$1,100,000	184
			$1,145,000 - $1,149,999	1	$1,149,000	$1,149,000	$1,149,000	44
			$1,150,000 - $1,154,999	1	$1,150,000	$1,150,000	$1,150,000	14
			$1,195,000 - $1,199,999	4	$4,780,000	$1,195,000	$1,195,000	254
			$1,200,000 - $1,204,999	1	$1,200,000	$1,200,000	$1,200,000	91
			$1,245,000 - $1,249,999	1	$1,249,000	$1,249,000	$1,249,000	136
			$1,250,000 - $1,254,999	1	$1,250,000	$1,250,000	$1,250,000	756
			$1,285,000 - $1,289,999	1	$1,289,000	$1,289,000	$1,289,000	54
			$1,295,000 - $1,299,999	3	$3,889,000	$1,296,333	$1,295,000	436
			$1,375,000 - $1,379,999	2	$2,753,000	$1,376,500	$1,376,500	390
			$1,395,000 - $1,399,999	1	$1,395,000	$1,395,000	$1,395,000	18
			$1,495,000 - $1,499,999	1	$1,495,000	$1,495,000	$1,495,000	231
			$1,500,000 - $1,504,999	1	$1,500,000	$1,500,000	$1,500,000	69
			$1,595,000 - $1,599,999	2	$3,194,000	$1,597,000	$1,597,000	91
			$1,625,000 - $1,629,999	1	$1,625,000	$1,625,000	$1,625,000	794
			$1,650,000 - $1,654,999	1	$1,650,000	$1,650,000	$1,650,000	92
			$1,690,000 - $1,694,999	1	$1,690,000	$1,690,000	$1,690,000	261
			$1,695,000 - $1,699,999	1	$1,695,000	$1,695,000	$1,695,000	602
			$1,750,000 - $1,754,999	1	$1,750,000	$1,750,000	$1,750,000	330
			$1,770,000 - $1,774,999	1	$1,770,000	$1,770,000	$1,770,000	319
			$1,795,000 - $1,799,999	1	$1,795,000	$1,795,000	$1,795,000	743
			$1,825,000 - $1,829,999	1	$1,825,000	$1,825,000	$1,825,000	151
			$1,850,000 - $1,854,999	2	$3,700,000	$1,850,000	$1,850,000	126
			$1,975,000 - $1,979,999	1	$1,975,000	$1,975,000	$1,975,000	939
			$1,995,000 - $1,999,999	1	$1,995,000	$1,995,000	$1,995,000	501
			$2,195,000 - $2,199,999	1	$2,198,000	$2,198,000	$2,198,000	121
			$2,250,000 - $2,254,999	1	$2,250,000	$2,250,000	$2,250,000	280
			$2,295,000 - $2,299,999	1	$2,295,000	$2,295,000	$2,295,000	673
			$2,300,000 - $2,304,999	1	$2,300,000	$2,300,000	$2,300,000	396
			$2,395,000 - $2,399,999	1	$2,395,000	$2,395,000	$2,395,000	8
			$2,500,000 - $2,504,999	1	$2,500,000	$2,500,000	$2,500,000	18
			$2,550,000 - $2,554,999	1	$2,550,000	$2,550,000	$2,550,000	394
			$2,595,000 - $2,599,999	1	$2,595,000	$2,595,000	$2,595,000	220
			$2,700,000 - $2,704,999	1	$2,700,000	$2,700,000	$2,700,000	253
			$2,835,000 - $2,839,999	1	$2,835,000	$2,835,000	$2,835,000	74
			$2,995,000 - $2,999,999	2	$5,990,000	$2,995,000	$2,995,000	539
			$3,100,000 - $3,104,999	1	$3,100,000	$3,100,000	$3,100,000	735
			$3,350,000 - $3,354,999	1	$3,350,000	$3,350,000	$3,350,000	185
			$3,495,000 - $3,499,999	1	$3,495,000	$3,495,000	$3,495,000	15
			$3,595,000 - $3,599,999	1	$3,595,000	$3,595,000	$3,595,000	415
			$3,700,000 - $3,704,999	1	$3,700,000	$3,700,000	$3,700,000	15
			$3,750,000 - $3,754,999	1	$3,750,000	$3,750,000	$3,750,000	380
			$3,995,000 - $3,999,999	2	$7,990,000	$3,995,000	$3,995,000	737
			$4,295,000 - $4,299,999	1	$4,299,500	$4,299,500	$4,299,500	406
			$4,495,000 - $4,499,999	2	$8,994,000	$4,497,000	$4,497,000	171
			$4,650,000 - $4,654,999	2	$9,300,000	$4,650,000	$4,650,000	858
			$4,675,000 - $4,679,999	1	$4,675,000	$4,675,000	$4,675,000	383
			$4,680,000 - $4,684,999	1	$4,680,000	$4,680,000	$4,680,000	413
			$4,750,000 - $4,754,999	1	$4,750,000	$4,750,000	$4,750,000	73
			$4,900,000 - $4,904,999	1	$4,900,000	$4,900,000	$4,900,000	7
			$4,950,000 - $4,954,999	1	$4,950,000	$4,950,000	$4,950,000	213
			$5,400,000 - $5,404,999	1	$5,400,000	$5,400,000	$5,400,000	41
			$5,450,000 - $5,454,999	1	$5,450,000	$5,450,000	$5,450,000	364
			$5,495,000 - $5,499,999	3	$16,485,000	$5,495,000	$5,495,000	300
			$6,350,000 - $6,354,999	1	$6,350,000	$6,350,000	$6,350,000	260
			$6,475,000 - $6,479,999	1	$6,475,000	$6,475,000	$6,475,000	54
			$6,500,000 - $6,504,999	1	$6,500,000	$6,500,000	$6,500,000	43
			$6,970,000 - $6,974,999	1	$6,974,000	$6,974,000	$6,974,000	386
			$7,900,000 - $7,904,999	1	$7,900,000	$7,900,000	$7,900,000	295
			$18,750,000 - $18,754,999	1	$18,750,000	$18,750,000	$18,750,000	261
			$100,000,000 - $100,004,999	1	$100,000,000	$100,000,000	$100,000,000	1372
			Sub Total	194	$396,703,625	$2,044,864	$712,000	255
New
	RESIDENTIAL
		Residential
			$195,000 - $199,999	1	$195,000	$195,000	$195,000	10
			$330,000 - $334,999	1	$330,000	$330,000	$330,000	7
			$495,000 - $499,999	1	$499,900	$499,900	$499,900	2
			$725,000 - $729,999	1	$725,000	$725,000	$725,000	2
			Sub Total	4	$1,749,900	$437,475	$414,950	5
Extended
	RESIDENTIAL
		Residential
			$185,000 - $189,999	1	$189,900	$189,900	$189,900	214
			$225,000 - $229,999	1	$225,000	$225,000	$225,000	227
			$315,000 - $319,999	1	$315,000	$315,000	$315,000	511
			$4,500,000 - $4,504,999	1	$4,500,000	$4,500,000	$4,500,000	385
			$4,995,000 - $4,999,999	1	$4,995,000	$4,995,000	$4,995,000	328
			Sub Total	5	$10,224,900	$2,044,980	$315,000	333
Price Raised
	RESIDENTIAL
		Residential
			$725,000 - $729,999	1	$729,000	$729,000	$729,000	24
			$1,000,000 - $1,004,999	1	$1,000,000	$1,000,000	$1,000,000	20
			Sub Total	2	$1,729,000	$864,500	$864,500	22
Price Reduced
	RESIDENTIAL
		Residential
			$245,000 - $249,999	1	$249,000	$249,000	$249,000	482
			$925,000 - $929,999	1	$925,000	$925,000	$925,000	503
			$995,000 - $999,999	1	$995,000	$995,000	$995,000	42
			Sub Total	3	$2,169,000	$723,000	$925,000	342
Active/Pending-Call
	RESIDENTIAL
		Residential
			$195,000 - $199,999	1	$199,000	$199,000	$199,000	273
			$325,000 - $329,999	1	$329,000	$329,000	$329,000	42
			$495,000 - $499,999	1	$499,000	$499,000	$499,000	69
			$595,000 - $599,999	2	$1,190,000	$595,000	$595,000	97
			$695,000 - $699,999	1	$695,000	$695,000	$695,000	32
			$770,000 - $774,999	1	$774,900	$774,900	$774,900	136
			Sub Total	7	$3,686,900	$526,700	$595,000	106
Active/Pending-Loan
	RESIDENTIAL
		Residential
			$375,000 - $379,999	1	$375,000	$375,000	$375,000	241
			$645,000 - $649,999	1	$649,000	$649,000	$649,000	99
			$1,295,000 - $1,299,999	1	$1,295,000	$1,295,000	$1,295,000	147
			Sub Total	3	$2,319,000	$773,000	$649,000	162
Active/Pending-House
	RESIDENTIAL
		Residential
			$1,000,000 - $1,004,999	1	$1,000,000	$1,000,000	$1,000,000	83
			Sub Total	1	$1,000,000	$1,000,000	$1,000,000	83
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			$75,000 - $79,999	1	$79,900	$79,900	$79,900	252
			$105,000 - $109,999	1	$109,900	$109,900	$109,900	98
			$120,000 - $124,999	1	$122,500	$122,500	$122,500	92
			$245,000 - $249,999	2	$498,900	$249,450	$249,450	24
			$345,000 - $349,999	1	$349,500	$349,500	$349,500	1350
			$415,000 - $419,999	1	$419,000	$419,000	$419,000	566
			$425,000 - $429,999	1	$425,000	$425,000	$425,000	280
			$975,000 - $979,999	1	$979,000	$979,000	$979,000	553
			$1,365,000 - $1,369,999	1	$1,365,000	$1,365,000	$1,365,000	394
			$1,500,000 - $1,504,999	1	$1,500,000	$1,500,000	$1,500,000	1192
			$1,690,000 - $1,694,999	1	$1,690,000	$1,690,000	$1,690,000	143
			$2,100,000 - $2,104,999	1	$2,100,000	$2,100,000	$2,100,000	377
			Sub Total	13	$9,638,700	$741,438	$419,000	411
SOLD
	RESIDENTIAL
		Residential
			$115,000 - $119,999	1	$115,000	$115,000	$115,000	125
			$125,000 - $129,999	1	$125,000	$125,000	$125,000	153
			$165,000 - $169,999	2	$334,000	$167,000	$167,000	71
			$175,000 - $179,999	1	$179,000	$179,000	$179,000	79
			$190,000 - $194,999	1	$190,000	$190,000	$190,000	836
			$195,000 - $199,999	1	$198,000	$198,000	$198,000	435
			$200,000 - $204,999	1	$202,500	$202,500	$202,500	89
			$215,000 - $219,999	1	$215,900	$215,900	$215,900	18
			$235,000 - $239,999	1	$235,000	$235,000	$235,000	440
			$245,000 - $249,999	1	$245,000	$245,000	$245,000	70
			$250,000 - $254,999	1	$250,000	$250,000	$250,000	61
			$265,000 - $269,999	2	$532,500	$266,250	$266,250	96
			$285,000 - $289,999	2	$570,900	$285,450	$285,450	182
			$295,000 - $299,999	1	$295,000	$295,000	$295,000	207
			$300,000 - $304,999	1	$300,000	$300,000	$300,000	2
			$315,000 - $319,999	1	$315,000	$315,000	$315,000	176
			$365,000 - $369,999	1	$365,000	$365,000	$365,000	25
			$370,000 - $374,999	1	$372,500	$372,500	$372,500	59
			$380,000 - $384,999	1	$380,000	$380,000	$380,000	125
			$395,000 - $399,999	2	$794,000	$397,000	$397,000	171
			$400,000 - $404,999	1	$400,000	$400,000	$400,000	33
			$410,000 - $414,999	1	$410,000	$410,000	$410,000	426
			$420,000 - $424,999	1	$424,000	$424,000	$424,000	99
			$425,000 - $429,999	1	$425,000	$425,000	$425,000	79
			$445,000 - $449,999	2	$895,250	$447,625	$447,625	209
			$450,000 - $454,999	1	$450,000	$450,000	$450,000	174
			$470,000 - $474,999	1	$470,000	$470,000	$470,000	125
			$475,000 - $479,999	2	$950,000	$475,000	$475,000	311
			$480,000 - $484,999	1	$480,000	$480,000	$480,000	42
			$485,000 - $489,999	1	$485,000	$485,000	$485,000	28
			$490,000 - $494,999	1	$490,000	$490,000	$490,000	549
			$515,000 - $519,999	1	$519,900	$519,900	$519,900	81
			$535,000 - $539,999	1	$535,000	$535,000	$535,000	300
			$555,000 - $559,999	1	$555,000	$555,000	$555,000	132
			$570,000 - $574,999	1	$570,000	$570,000	$570,000	23
			$575,000 - $579,999	1	$575,000	$575,000	$575,000	2
			$725,000 - $729,999	2	$1,450,000	$725,000	$725,000	646
			$730,000 - $734,999	1	$730,000	$730,000	$730,000	939
			$750,000 - $754,999	1	$750,000	$750,000	$750,000	43
			$765,000 - $769,999	1	$767,000	$767,000	$767,000	443
			$845,000 - $849,999	1	$849,000	$849,000	$849,000	123
			$1,025,000 - $1,029,999	1	$1,025,000	$1,025,000	$1,025,000	635
			$1,060,000 - $1,064,999	1	$1,060,000	$1,060,000	$1,060,000	957
			$1,265,000 - $1,269,999	1	$1,265,000	$1,265,000	$1,265,000	111
			$1,500,000 - $1,504,999	1	$1,500,000	$1,500,000	$1,500,000	52
			$1,525,000 - $1,529,999	1	$1,525,000	$1,525,000	$1,525,000	724
			$1,700,000 - $1,704,999	1	$1,700,000	$1,700,000	$1,700,000	656
			$1,750,000 - $1,754,999	1	$1,750,000	$1,750,000	$1,750,000	337
			$2,550,000 - $2,554,999	1	$2,550,000	$2,550,000	$2,550,000	299
			$5,750,000 - $5,754,999	1	$5,750,000	$5,750,000	$5,750,000	998
			$5,900,000 - $5,904,999	1	$5,900,000	$5,900,000	$5,900,000	497
			Sub Total	58	$43,419,450	$748,611	$447,625	262
PENDING-No Show
	RESIDENTIAL
		Residential
			$215,000 - $219,999	1	$219,900	$219,900	$219,900	37
			$345,000 - $349,999	1	$349,000	$349,000	$349,000	62
			$525,000 - $529,999	1	$529,900	$529,900	$529,900	35
			Sub Total	3	$1,098,800	$366,267	$349,000	45
Grand Totals				293	$473,739,275	$1,616,858	$625,000	253

 

California Attorney Warning Regarding Short Sale Fraud

Flood Insurance Update: June 1, 2010

Flood Insurance Update: June 1, 2010

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 trend.

There has been a noticeable slow down in Buyer activity this past week.  To track the most current buyer activity, I use the Market Activity Ration which is the relationship between Active listings and Pending sales.  This past week we did see the Market Activity Ratio decrease from 20.1% to 17.9%.  This is the result of the Active listings increasing by 20 as the Pending sales decreased by 11.  The number of Pending Bank Owned properties is 16 and the Short Sales is 48 for a total of 64 pending distress sales.  The Distress sales now represent 60% of the Pending sales which is up from 57.7% the previous week.

This past week there were 17 new sales for a YTD of 234 sales.  The majority of these sales did occurr below $269,000 with 5 sales above that in the amounts of $418,000, $479,000, $735,000, $750,000 and $912,500.  The higher of the three were homes located at Uplands Way, Venice Dr and Wedeln Ct respectively.  This decreased the 6 month Average Sales price by 2.2% to $397,597.  The average days on market for these sales is 151 days.

Listings per Status

Area Market Survey

Listings as of 06/18/10 at 8:55am

Active Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 2 170   $90,000 thru $99,999 1 51   $100,000 thru $119,999 1 56   $120,000 thru $139,999 2 406   $140,000 thru $159,999 7 72   $160,000 thru $179,999 12 71   $180,000 thru $199,999 14 187   $200,000 thru $249,999 29 149   $250,000 thru $299,999 75 138   $300,000 thru $349,999 47 126   $350,000 thru $399,999 46 133   $400,000 thru $449,999 19 179   $450,000 thru $499,999 39 197   $500,000 thru $549,999 20 118   $550,000 thru $599,999 29 185   $600,000 thru $649,999 12 180   $650,000 thru $699,999 16 130   $700,000 thru $749,999 10 193   $750,000 thru $799,999 12 148   $800,000 thru $849,999 5 221   $850,000 thru $899,999 5 300   $900,000 thru $949,999 3 365   $950,000 thru $999,999 6 144   $1,000,000 thru $1,249,999 12 256   $1,250,000 thru $1,499,999 8 138   $1,500,000 thru $1,749,999 3 297   $1,750,000 thru $1,999,999 8 307   $2,000,000 thru $2,249,999 4 63   $2,250,000 thru $2,499,999 4 302   $2,500,000 thru $2,749,999 2 99   $3,500,000 thru $3,749,999 1 8   $3,750,000 thru $3,999,999 1 52   $4,000,000 thru $4,249,999 2 142   $4,250,000 thru $4,499,999 1 689   $4,750,000 thru $4,999,999 1 1437   $10,000,000 or more 1 183     460 163

Summary Price Information Minimum  $89,000 Maximum  $12,900,000 Average  $612,513 Median  $399,000

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 06/18/10 at 8:55am

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 119   $120,000 thru $139,999 1 38   $140,000 thru $159,999 5 45   $160,000 thru $179,999 3 207   $180,000 thru $199,999 5 188   $200,000 thru $249,999 12 135   $250,000 thru $299,999 22 237   $300,000 thru $349,999 13 149   $350,000 thru $399,999 10 175   $400,000 thru $449,999 4 78   $450,000 thru $499,999 4 76   $500,000 thru $549,999 4 172   $550,000 thru $599,999 3 279   $600,000 thru $649,999 3 389   $700,000 thru $749,999 2 244   $750,000 thru $799,999 3 419   $900,000 thru $949,999 1 108   $950,000 thru $999,999 2 403   $1,000,000 thru $1,249,999 1 183   $1,250,000 thru $1,499,999 1 420     100 190

Summary Price Information Minimum  $99,000 Maximum  $1,488,000 Average  $382,077 Median  $314,500

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $70,000 thru $79,999 1 82   $80,000 thru $89,999 1 169   $100,000 thru $119,999 1 38   $120,000 thru $139,999 3 169   $140,000 thru $159,999 11 69   $160,000 thru $179,999 13 128   $180,000 thru $199,999 12 122   $200,000 thru $249,999 43 106   $250,000 thru $299,999 38 129   $300,000 thru $349,999 27 156   $350,000 thru $399,999 26 186   $400,000 thru $449,999 13 196   $450,000 thru $499,999 17 151   $500,000 thru $549,999 9 121   $550,000 thru $599,999 10 215   $600,000 thru $649,999 6 232   $650,000 thru $699,999 9 95   $700,000 thru $749,999 6 195   $750,000 thru $799,999 5 326   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 439   $900,000 thru $949,999 4 308   $950,000 thru $999,999 2 1   $1,000,000 thru $1,249,999 3 296   $1,250,000 thru $1,499,999 1 277   $3,000,000 thru $3,249,999 1 117   $3,500,000 thru $3,749,999 1 244     266 151

Summary Price Information Minimum  $67,000 Maximum  $3,525,000 Average  $397,597 Median  $313,750

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.

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