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 is a slight waning in Buyer activity.  To track the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending Sales.  This past week we saw the Market Activity decrease from 16.2% to 15.7%.  This is the result of Active listings increasing by 3 as the Pending sales decreased by 3.  It’s interesting to note the number of Pending Bank Owned properties is at 19 and the number of Pending Short Sales is at 34.  The Pending distress sales decreased from 68% to 54.6% of all Pending sales.  Another interesting note is that the foreclosure shadow inventory is now trickling on the market.  Bank Owned properties available on the market today is at 26 which is higher than the average of 20.  This will continue to put downward pressure on pricing.  The buyers may be disappointed to see that the prices will not drop off a cliff as it did in the previous years rather it will be a smaller adjustment.  The largest adjustments are still being seen in the higher price brackets above $500,000.

There were 10 new sales this past week for a YTD of 297 sales.  The majority of these sales did occurr below $280,000 with three sales above that for $389,000 at N Upper Truckee, $465,900 at Montgomery Estates and $625,000 at the Tahoe Keys.  This decreased the 6 month Average Sales price by .02% to $395,929. The Average Days on market are 158 days.

Listings per Status

 

 

 

 

Area Market Survey

Listings as of 07/29/10 at 3:53pm

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 41   $80,000 thru $89,999 1 356   $90,000 thru $99,999 1 92   $100,000 thru $119,999 4 178   $120,000 thru $139,999 4 193   $140,000 thru $159,999 7 82   $160,000 thru $179,999 7 122   $180,000 thru $199,999 16 167   $200,000 thru $249,999 45 156   $250,000 thru $299,999 84 143   $300,000 thru $349,999 53 111   $350,000 thru $399,999 45 173   $400,000 thru $449,999 23 151   $450,000 thru $499,999 46 187   $500,000 thru $549,999 25 106   $550,000 thru $599,999 29 161   $600,000 thru $649,999 16 158   $650,000 thru $699,999 15 168   $700,000 thru $749,999 11 166   $750,000 thru $799,999 11 141   $800,000 thru $849,999 6 262   $850,000 thru $899,999 4 149   $900,000 thru $949,999 4 250   $950,000 thru $999,999 8 161   $1,000,000 thru $1,249,999 14 240   $1,250,000 thru $1,499,999 10 151   $1,500,000 thru $1,749,999 3 338   $1,750,000 thru $1,999,999 10 342   $2,000,000 thru $2,249,999 4 104   $2,250,000 thru $2,499,999 3 139   $2,500,000 thru $2,749,999 2 140   $2,750,000 thru $2,999,999 1 5   $3,250,000 thru $3,499,999 2 45   $3,750,000 thru $3,999,999 2 412   $4,000,000 thru $4,249,999 2 183   $4,750,000 thru $4,999,999 1 1478   $10,000,000 or more 1 224     521 162

Summary Price Information Minimum  $75,000 Maximum  $12,900,000 Average  $602,839 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 07/29/10 at 3:53pm

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 66   $80,000 thru $89,999 1 43   $90,000 thru $99,999 1 160   $120,000 thru $139,999 1 49   $140,000 thru $159,999 5 58   $160,000 thru $179,999 2 42   $180,000 thru $199,999 7 185   $200,000 thru $249,999 11 137   $250,000 thru $299,999 19 147   $300,000 thru $349,999 11 87   $350,000 thru $399,999 9 169   $400,000 thru $449,999 2 180   $450,000 thru $499,999 5 99   $500,000 thru $549,999 3 216   $550,000 thru $599,999 4 76   $600,000 thru $649,999 5 323   $650,000 thru $699,999 4 129   $700,000 thru $749,999 2 403   $750,000 thru $799,999 1 160   $800,000 thru $849,999 1 58   $850,000 thru $899,999 1 1227   $950,000 thru $999,999 1 811     97 163

Summary Price Information Minimum  $65,000 Maximum  $995,000 Average  $370,100 Median  $315,000

Sold Selling Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 82   $100,000 thru $119,999 1 38   $120,000 thru $139,999 6 134   $140,000 thru $159,999 11 66   $160,000 thru $179,999 14 154   $180,000 thru $199,999 13 132   $200,000 thru $249,999 40 148   $250,000 thru $299,999 40 151   $300,000 thru $349,999 25 165   $350,000 thru $399,999 22 143   $400,000 thru $449,999 13 163   $450,000 thru $499,999 13 119   $500,000 thru $549,999 11 135   $550,000 thru $599,999 11 226   $600,000 thru $649,999 6 121   $650,000 thru $699,999 7 77   $700,000 thru $749,999 9 283   $750,000 thru $799,999 6 282   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 114   $900,000 thru $949,999 5 254   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 5 304   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 1 244     264 158

Summary Price Information Minimum  $75,000 Maximum  $3,525,000 Average  $395,929 Median  $311,250

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 ©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.

There is a rise in the Buyer activity on the Nevada side of Lake Tahoe.  To track the most current Buyer activity, I like to use the Market Activity Ratio which is the relationship between Active listings and Pending Sales.  This past week we saw the Buyer activity increase from 10.3% to 12.3%.  This is a result of the Active Listings decreasing by 1 as the Pending Sales increased by 5.  The number of short sales in escrow remains the same at 11.  It is also interesting to note that the foreclosure shadow inventory is now trickling on the market.  The number of Bank Owned properties is now at 6 which is higher than the average of 4.  This will continue to put downward pressure on pricing.  The buyers may be disappointed to see that the prices will not drop off a cliff as it did in the previous years rather it will be a smaller adjustment.  The largest adjustments are still being seen in the higher price brackets above $500,000.

There was 1 new sale for a YTD of 67 sales.  This sale was a lake view home in Zephyr Heights and it sold for $650,000.  This did increase the 6 month Average Sales price by .7% to $740,381.  The average days on market are 250 days. 

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
Active Listings				184	$106,825,907	$580,576	$499,900	206
Listings Under Contract				4	$2,154,800	$538,700	$514,950	68
Listings Sold 2010				62	$30,238,350	$487,715	$447,625	215
ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	31	$9,298,650	$299,956	$259,900	306
			Upper Kingsbury	10	$5,395,400	$539,540	$542,500	148
			Mid Kingsbury	16	$10,102,400	$631,400	$558,500	104
			Lower Kingsbury	3	$2,593,000	$864,333	$959,000	199
			Kahle Park	1	$354,999	$354,999	$354,999	84
			Lake Village	16	$7,059,500	$441,219	$417,500	124
			Round Hill	16	$10,276,499	$642,281	$637,500	243
			Pinewild/Marla	10	$7,507,000	$750,700	$622,000	163
			Zephyr Heights/Knolls	16	$13,536,000	$846,000	$719,000	158
			Zephyr Cove	1	$1,100,000	$1,100,000	$1,100,000	385
			Skyland/Tall Pn/Snug Harbor	8	$6,258,000	$782,250	$647,000	206
			Hidden Woods	2	$1,925,000	$962,500	$962,500	327
			Upper & Lower Lakeridge – LT	4	$3,618,999	$904,750	$924,500	382
			Cave Rock	7	$3,677,000	$525,286	$372,000	122
			Glenbrk/Uppaway	6	$7,627,000	$1,271,167	$1,292,000	190
			Sub Total	147	$90,329,447	$614,486	$588,000	201
New
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$354,000	$177,000	$177,000	3
			Upper Kingsbury	2	$1,095,510	$547,755	$547,755	4
			Round Hill	1	$550,000	$550,000	$550,000	3
			Zephyr Heights/Knolls	1	$172,900	$172,900	$172,900	126
			Logan/Cedarbrok	1	$782,900	$782,900	$782,900	5
			Sub Total	7	$2,955,310	$422,187	$345,510	21
Extended
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$298,650	$149,325	$149,325	712
			Upper Kingsbury	1	$1,195,000	$1,195,000	$1,195,000	72
			Sub Total	3	$1,493,650	$497,883	$169,500	498
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$187,500	$187,500	$187,500	69
			Kahle Park	1	$230,000	$230,000	$230,000	516
			Zephyr Heights/Knolls	1	$345,000	$345,000	$345,000	41
			Zephyr Cove	1	$499,900	$499,900	$499,900	99
			Sub Total	4	$1,262,400	$315,600	$287,500	181
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	4	$1,528,900	$382,225	$432,000	272
			Mid Kingsbury	1	$1,095,000	$1,095,000	$1,095,000	35
			Lower Kingsbury	2	$498,500	$249,250	$249,250	180
			Round Hill	1	$499,900	$499,900	$499,900	36
			Skyland/Tall Pn/Snug Harbor	1	$995,000	$995,000	$995,000	746
			Sub Total	9	$4,617,300	$513,033	$499,900	251
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$604,000	$302,000	$302,000	136
			Upper Kingsbury	1	$399,000	$399,000	$399,000	54
			Mid Kingsbury	1	$1,095,000	$1,095,000	$1,095,000	117
			Pinewild/Marla	1	$450,000	$450,000	$450,000	215
			Sub Total	5	$2,548,000	$509,600	$399,000	132
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$502,400	$167,467	$122,500	162
			Lower Kingsbury	1	$485,000	$485,000	$485,000	7
			Lake Village	2	$599,400	$299,700	$299,700	724
			Round Hill	1	$249,000	$249,000	$249,000	53
			Zephyr Heights/Knolls	1	$419,000	$419,000	$419,000	600
			Cave Rock	1	$1,365,000	$1,365,000	$1,365,000	428
			Sub Total	9	$3,619,800	$402,200	$270,000	336
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	10	$2,029,500	$202,950	$184,500	247
			Upper Kingsbury	9	$3,380,800	$375,644	$395,000	134
			Mid Kingsbury	6	$2,685,000	$447,500	$453,000	187
			Lower Kingsbury	2	$786,000	$393,000	$393,000	93
			Lincoln Park	1	$450,000	$450,000	$450,000	174
			Lake Village	7	$1,823,400	$260,486	$265,000	105
			Round Hill	6	$3,525,250	$587,542	$447,625	126
			Pinewild/Marla	1	$475,000	$475,000	$475,000	401
			Zephyr Heights/Knolls	7	$4,809,000	$687,000	$725,000	347
			Zephyr Cove	1	$730,000	$730,000	$730,000	939
			Skyland/Tall Pn/Snug Harbor	4	$2,200,900	$550,225	$565,000	73
			Upper & Lower Lakeridge – LT	4	$3,386,000	$846,500	$808,000	235
			Cave Rock	1	$372,500	$372,500	$372,500	59
			Logan/Cedarbrok	1	$1,060,000	$1,060,000	$1,060,000	957
			Glenbrk/Uppaway	2	$2,525,000	$1,262,500	$1,262,500	344
			Sub Total	62	$30,238,350	$487,715	$447,625	215
PENDING-No Show
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$775,900	$775,900	$775,900	53
			Lake Village	1	$349,000	$349,000	$349,000	96
			Round Hill	1	$529,900	$529,900	$529,900	69
			Glenbrk/Uppaway	1	$500,000	$500,000	$500,000	54
			Sub Total	4	$2,154,800	$538,700	$514,950	68

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.

More Buyers are coming on board.  To track the most current buyer activity, I like to use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the Market Activity Ratio increased from 15.4% to 16.2%.  The number of Pending bank owned sales is at 23 and the short sales is at 45.  Distress sales now represent 68% of pending sales which is an increase from 60.6% from the previous week. 

There were 12 new sales for a YTD of 287 sales.  The majority of the sales occurred below $400,000 with three sales above that in the amount of $410,000, $475,000 and $500,000.  This decreased the 6 month average sale by .8% to $399,733.  The average days on market is 157 days. 

Listings per Status

Area Market Survey

Listings as of 07/22/10 at 4:02pm

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 34   $80,000 thru $89,999 1 349   $90,000 thru $99,999 1 85   $100,000 thru $119,999 4 171   $120,000 thru $139,999 3 202   $140,000 thru $159,999 8 83   $160,000 thru $179,999 6 127   $180,000 thru $199,999 17 151   $200,000 thru $249,999 35 177   $250,000 thru $299,999 81 135   $300,000 thru $349,999 55 109   $350,000 thru $399,999 50 165   $400,000 thru $449,999 23 144   $450,000 thru $499,999 44 186   $500,000 thru $549,999 27 100   $550,000 thru $599,999 26 160   $600,000 thru $649,999 16 136   $650,000 thru $699,999 18 153   $700,000 thru $749,999 12 152   $750,000 thru $799,999 11 134   $800,000 thru $849,999 7 225   $850,000 thru $899,999 3 181   $900,000 thru $949,999 4 243   $950,000 thru $999,999 9 139   $1,000,000 thru $1,249,999 14 233   $1,250,000 thru $1,499,999 11 131   $1,500,000 thru $1,749,999 3 331   $1,750,000 thru $1,999,999 11 337   $2,000,000 thru $2,249,999 4 97   $2,250,000 thru $2,499,999 3 132   $2,500,000 thru $2,749,999 2 133   $3,250,000 thru $3,499,999 2 38   $3,750,000 thru $3,999,999 2 405   $4,000,000 thru $4,249,999 2 176   $4,750,000 thru $4,999,999 1 1471   $10,000,000 or more 1 217     518 157

Summary Price Information Minimum  $75,000 Maximum  $12,900,000 Average  $610,510 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 07/22/10 at 4:02pm

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 59   $80,000 thru $89,999 1 36   $90,000 thru $99,999 1 153   $120,000 thru $139,999 1 42   $140,000 thru $159,999 7 76   $160,000 thru $179,999 4 130   $180,000 thru $199,999 7 198   $200,000 thru $249,999 15 126   $250,000 thru $299,999 19 146   $300,000 thru $349,999 11 124   $350,000 thru $399,999 7 184   $400,000 thru $449,999 2 173   $450,000 thru $499,999 4 93   $500,000 thru $549,999 3 209   $550,000 thru $599,999 5 154   $600,000 thru $649,999 4 376   $650,000 thru $699,999 3 99   $700,000 thru $749,999 2 396   $750,000 thru $799,999 1 153   $850,000 thru $899,999 1 1220   $950,000 thru $999,999 1 804     100 169

Summary Price Information Minimum  $65,000 Maximum  $995,000 Average  $346,204 Median  $282,000

Sold Selling Price Range  Quantity      Average DOM   $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 61   $160,000 thru $179,999 13 134   $180,000 thru $199,999 14 129   $200,000 thru $249,999 39 150   $250,000 thru $299,999 40 145   $300,000 thru $349,999 27 163   $350,000 thru $399,999 23 146   $400,000 thru $449,999 13 163   $450,000 thru $499,999 12 122   $500,000 thru $549,999 11 135   $550,000 thru $599,999 12 242   $600,000 thru $649,999 5 119   $650,000 thru $699,999 7 77   $700,000 thru $749,999 9 283   $750,000 thru $799,999 6 282   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 114   $900,000 thru $949,999 5 254   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 5 304   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 1 244     264 157

Summary Price Information Minimum  $75,000 Maximum  $3,525,000 Average  $396,734 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.

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 remains steady!  To track the most current buyer activity, I like to use the Market Activity Ratio which is the relationship between the Active listings and Pending sales.  The Market Activity Ratio remained the same at 10.3% from the previous week.  This is the result of the Active listings increaseing by one as the Pending sales remained the same.  The number of Pending short sales remained the same at 11. 

This past week there were 4 new sales for a YTD of 66 sales.  The sales were at Upper Kingsbury for $225,000, Mid Kingsbury for $482,000, Round Hill for $575,000 and Skyland for $770,900.  This increased the 6 month average sales price by 1.4% to $735,290.  The average days on market is 265 days.  

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
Active Listings				240	$332,670,997	$1,386,129	$646,500	240
Listings Under Contract				3	$1,378,900	$459,633	$500,000	66
Listings Sold 2010				59	$43,382,100	$735,290	$459,000	252
ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	31	$9,070,300	$292,590	$240,000	311
			Upper Kingsbury	13	$9,064,400	$697,262	$595,000	189
			Mid Kingsbury	17	$18,727,400	$1,101,612	$635,900	108
			Lower Kingsbury	7	$9,513,000	$1,359,000	$995,000	230
			Lincoln Park	1	$1,695,000	$1,695,000	$1,695,000	627
			Kahle Park	2	$603,999	$302,000	$302,000	293
			Lake Village	15	$6,819,500	$454,633	$420,000	124
			Round Hill	16	$12,752,500	$797,031	$670,250	249
			Elk Point	2	$3,380,000	$1,690,000	$1,690,000	317
			Pinewild/Marla	10	$9,267,000	$926,700	$661,500	158
			Zephyr Heights/Knolls	16	$14,432,000	$902,000	$792,000	144
			Zephyr Cove	2	$1,610,000	$805,000	$805,000	235
			Skyland/Tall Pn/Snug Harbor	9	$7,882,000	$875,778	$659,000	190
			Hidden Woods	4	$7,220,000	$1,805,000	$1,797,500	292
			Upper & Lower Lakeridge – LT	4	$3,618,999	$904,750	$924,500	375
			Cave Rock	10	$13,852,000	$1,385,200	$825,000	162
			Logan/Cedarbrok	1	$3,995,000	$3,995,000	$3,995,000	1018
			Glenbrk/Uppaway	20	$59,856,500	$2,992,825	$2,297,500	333
			Lakefront Propt	21	$116,959,000	$5,569,476	$4,900,000	353
			Sub Total	201	$310,318,598	$1,543,874	$678,000	242
New
	RESIDENTIAL
		Residential
			Lower Kingsbury	1	$485,000	$485,000	$485,000	0
			Lake Village	1	$240,000	$240,000	$240,000	5
			Zephyr Heights/Knolls	1	$475,000	$475,000	$475,000	2
			Sub Total	3	$1,200,000	$400,000	$475,000	2
Extended
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$297,500	$297,500	$297,500	538
			Round Hill	2	$1,223,999	$612,000	$612,000	51
			Zephyr Heights/Knolls	1	$699,000	$699,000	$699,000	154
			Sub Total	4	$2,220,499	$555,125	$599,000	198
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	6	$1,887,800	$314,633	$226,950	88
			Pinewild/Marla	2	$888,000	$444,000	$444,000	170
			Cave Rock	1	$265,000	$265,000	$265,000	37
			Glenbrk/Uppaway	1	$1,795,000	$1,795,000	$1,795,000	528
			Sub Total	10	$4,835,800	$483,580	$334,450	143
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$1,259,900	$419,967	$595,000	165
			Lower Kingsbury	2	$498,500	$249,250	$249,250	173
			Round Hill	1	$499,900	$499,900	$499,900	29
			Zephyr Heights/Knolls	1	$695,000	$695,000	$695,000	59
			Skyland/Tall Pn/Snug Harbor	1	$995,000	$995,000	$995,000	739
			Sub Total	8	$3,948,300	$493,538	$547,450	208
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$229,000	$229,000	$229,000	16
			Upper Kingsbury	1	$399,000	$399,000	$399,000	47
			Mid Kingsbury	1	$1,095,000	$1,095,000	$1,095,000	110
			Sub Total	3	$1,723,000	$574,333	$399,000	58
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$502,400	$167,467	$122,500	155
			Upper Kingsbury	1	$2,100,000	$2,100,000	$2,100,000	404
			Lake Village	2	$599,400	$299,700	$299,700	717
			Round Hill	1	$249,000	$249,000	$249,000	46
			Zephyr Heights/Knolls	2	$2,109,000	$1,054,500	$1,054,500	382
			Cave Rock	2	$2,865,000	$1,432,500	$1,432,500	820
			Sub Total	11	$8,424,800	$765,891	$349,500	432
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	9	$1,864,500	$207,167	$190,000	270
			Upper Kingsbury	9	$3,380,800	$375,644	$395,000	134
			Mid Kingsbury	5	$2,370,000	$474,000	$482,000	189
			Lower Kingsbury	1	$316,000	$316,000	$316,000	60
			Lincoln Park	1	$450,000	$450,000	$450,000	174
			Lake Village	6	$1,578,400	$263,067	$266,250	111
			Round Hill	5	$3,339,000	$667,800	$449,000	237
			Pinewild/Marla	1	$475,000	$475,000	$475,000	401
			Zephyr Heights/Knolls	5	$3,434,000	$686,800	$725,000	291
			Zephyr Cove	1	$730,000	$730,000	$730,000	939
			Skyland/Tall Pn/Snug Harbor	4	$2,200,900	$550,225	$565,000	73
			Upper & Lower Lakeridge – LT	4	$3,386,000	$846,500	$808,000	235
			Cave Rock	1	$372,500	$372,500	$372,500	59
			Logan/Cedarbrok	1	$1,060,000	$1,060,000	$1,060,000	957
			Glenbrk/Uppaway	4	$10,975,000	$2,743,750	$2,025,000	371
			Lakefront Propt	2	$7,450,000	$3,725,000	$3,725,000	827
			Sub Total	59	$43,382,100	$735,290	$459,000	252
PENDING-No Show
	RESIDENTIAL
		Residential
			Lake Village	1	$349,000	$349,000	$349,000	89
			Round Hill	1	$529,900	$529,900	$529,900	62
			Glenbrk/Uppaway	1	$500,000	$500,000	$500,000	47
			Sub Total	3	$1,378,900	$459,633	$500,000	66

 

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.

Buyers are up and swinging again.  After a month of flat Buying activity, the buyers are again stepping up to bat.  I track the most current buyer activity with the Market Activity Ratio.  This is the relationship between Active Listings and Pending Sales.  This past week we saw the Market Activity Ratio increase from 13.5% to 15.4%.  This is the result of the Active listings increasing by 4 as the Pending sales increased by 14.  The number Pending bank owned properties and short sales is now at 15 and 42 respectively which represents 60.6% of the Pending sales.  This is a decrease from 63.8% last week.

There were 7 new sales this past week for a YTD of 275 sales.  The sales were below $400,000 with two sales at $775,000 in the Tahoe Keys and $1,150,000 in Montgomery Estates.  This decreased the 6 month average by .9% to $395,733.  The Average Days on Market is 160 days. 

Listings per Status

Area Market Survey

Listings as of 07/16/10 at 8:23am

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 28   $80,000 thru $89,999 2 187   $90,000 thru $99,999 1 79   $100,000 thru $119,999 2 47   $120,000 thru $139,999 5 217   $140,000 thru $159,999 7 83   $160,000 thru $179,999 8 122   $180,000 thru $199,999 16 131   $200,000 thru $249,999 36 182   $250,000 thru $299,999 82 128   $300,000 thru $349,999 55 106   $350,000 thru $399,999 52 139   $400,000 thru $449,999 23 154   $450,000 thru $499,999 44 195   $500,000 thru $549,999 25 108   $550,000 thru $599,999 25 151   $600,000 thru $649,999 17 144   $650,000 thru $699,999 18 146   $700,000 thru $749,999 11 152   $750,000 thru $799,999 12 125   $800,000 thru $849,999 7 219   $850,000 thru $899,999 3 175   $900,000 thru $949,999 4 237   $950,000 thru $999,999 7 171   $1,000,000 thru $1,249,999 13 244   $1,250,000 thru $1,499,999 12 115   $1,500,000 thru $1,749,999 3 325   $1,750,000 thru $1,999,999 11 331   $2,000,000 thru $2,249,999 4 91   $2,250,000 thru $2,499,999 3 126   $2,500,000 thru $2,749,999 2 127   $3,250,000 thru $3,499,999 1 28   $3,500,000 thru $3,749,999 1 36   $3,750,000 thru $3,999,999 2 399   $4,000,000 thru $4,249,999 2 170   $4,750,000 thru $4,999,999 1 1465   $10,000,000 or more 1 211     519 153

Summary Price Information Minimum  $75,000 Maximum  $12,900,000 Average  $607,050 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 07/16/10 at 8:23am

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 53   $90,000 thru $99,999 1 147   $140,000 thru $159,999 6 81   $160,000 thru $179,999 4 124   $180,000 thru $199,999 6 247   $200,000 thru $249,999 13 125   $250,000 thru $299,999 19 139   $300,000 thru $349,999 9 143   $350,000 thru $399,999 8 182   $400,000 thru $449,999 3 124   $450,000 thru $499,999 5 82   $500,000 thru $549,999 3 230   $550,000 thru $599,999 4 179   $600,000 thru $649,999 3 454   $650,000 thru $699,999 3 99   $700,000 thru $749,999 2 390   $750,000 thru $799,999 1 147   $850,000 thru $899,999 1 1214   $950,000 thru $999,999 1 798     93 177

Summary Price Information Minimum  $65,000 Maximum  $995,000 Average  $353,300 Median  $289,000

Sold Selling Price Range  Quantity      Average DOM   $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 61   $160,000 thru $179,999 13 134   $180,000 thru $199,999 13 126   $200,000 thru $249,999 36 152   $250,000 thru $299,999 41 148   $300,000 thru $349,999 25 168   $350,000 thru $399,999 21 151   $400,000 thru $449,999 12 174   $450,000 thru $499,999 12 141   $500,000 thru $549,999 10 130   $550,000 thru $599,999 12 242   $600,000 thru $649,999 5 119   $650,000 thru $699,999 7 77   $700,000 thru $749,999 9 283   $750,000 thru $799,999 6 282   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 114   $900,000 thru $949,999 5 254   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 5 304   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 1 244     255 160

Summary Price Information Minimum  $75,000 Maximum  $3,525,000 Average  $399,235 Median  $310,000

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.

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