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 market continues to hold steady.  To measure 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 Ratio remain the same at 19.4%.  This is the result of Active listings decreasing by 14 as the pending sales decreased by 3.  There are now 14 pending bank owned properties and 47 pending short sales.  The distress sales now represent 54% of all pending sales which is slightly up from last week when it was 50%.    There are currently 30 active bank owned propertis on the market.

This past week there were 19 new sales for a YTD of 402 sales.  Most of these sales did occur below $355,000.  There were 6 sales above that which ranged from $428,000 to $765,000.  This decreased the 6 month average sales price very slightly by .5% to $391,261.  The average days on market are 154 days.  There are now 101 more sales this year than last year at this time. 

Listings per Status

 

Area Market Survey

Listings as of 09/24/10 at 9:26am

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 28   $100,000 thru $119,999 1 528   $120,000 thru $139,999 7 68   $140,000 thru $159,999 6 145   $160,000 thru $179,999 8 196   $180,000 thru $199,999 15 164   $200,000 thru $249,999 57 156   $250,000 thru $299,999 72 186   $300,000 thru $349,999 41 124   $350,000 thru $399,999 40 214   $400,000 thru $449,999 21 130   $450,000 thru $499,999 40 151   $500,000 thru $549,999 20 122   $550,000 thru $599,999 23 181   $600,000 thru $649,999 12 86   $650,000 thru $699,999 16 192   $700,000 thru $749,999 8 173   $750,000 thru $799,999 6 192   $800,000 thru $849,999 11 180   $850,000 thru $899,999 7 143   $900,000 thru $949,999 1 343   $950,000 thru $999,999 7 290   $1,000,000 thru $1,249,999 10 199   $1,250,000 thru $1,499,999 9 147   $1,500,000 thru $1,749,999 3 395   $1,750,000 thru $1,999,999 11 373   $2,000,000 thru $2,249,999 4 171   $2,250,000 thru $2,499,999 1 197   $2,500,000 thru $2,749,999 2 197   $2,750,000 thru $2,999,999 1 62   $3,250,000 thru $3,499,999 2 102   $3,500,000 thru $3,749,999 1 150   $3,750,000 thru $3,999,999 1 187   $4,000,000 thru $4,249,999 1 291   $4,750,000 thru $4,999,999 1 1535   $10,000,000 or more 1 281     468 175

Summary Price Information Minimum  $77,000 Maximum  $12,900,000 Average  $594,882 Median  $389,975

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. U.S. Patent 6,910,045

Area Market Survey

Listings as of 09/24/10 at 9:26am

Pending Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 413   $90,000 thru $99,999 2 148   $120,000 thru $139,999 1 487   $140,000 thru $159,999 9 76   $160,000 thru $179,999 3 90   $180,000 thru $199,999 5 165   $200,000 thru $249,999 14 95   $250,000 thru $299,999 26 180   $300,000 thru $349,999 6 113   $350,000 thru $399,999 8 154   $400,000 thru $449,999 3 203   $450,000 thru $499,999 9 153   $500,000 thru $549,999 4 73   $550,000 thru $599,999 6 98   $600,000 thru $649,999 4 229   $650,000 thru $699,999 3 121   $700,000 thru $749,999 2 453   $750,000 thru $799,999 3 137   $850,000 thru $899,999 1 1284   $950,000 thru $999,999 1 35   $1,000,000 thru $1,249,999 1 161   $1,250,000 thru $1,499,999 1 217     113 160

Summary Price Information Minimum  $89,000 Maximum  $1,375,000 Average  $377,934 Median  $299,000

Sold Selling Price Range  Quantity      Average DOM   $50,000 thru $59,999 1 79   $60,000 thru $69,999 1 67   $80,000 thru $89,999 1 64   $100,000 thru $119,999 2 165   $120,000 thru $139,999 7 111   $140,000 thru $159,999 12 82   $160,000 thru $179,999 14 146   $180,000 thru $199,999 18 105   $200,000 thru $249,999 47 148   $250,000 thru $299,999 48 132   $300,000 thru $349,999 28 143   $350,000 thru $399,999 22 145   $400,000 thru $449,999 14 144   $450,000 thru $499,999 16 130   $500,000 thru $549,999 11 126   $550,000 thru $599,999 14 254   $600,000 thru $649,999 8 212   $650,000 thru $699,999 8 180   $700,000 thru $749,999 8 305   $750,000 thru $799,999 5 211   $800,000 thru $849,999 2 246   $850,000 thru $899,999 1 114   $900,000 thru $949,999 3 174   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 5 283   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 2 508     300 154

Summary Price Information Minimum  $58,000 Maximum  $3,575,000 Average  $391,261 Median  $297,450

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. U.S. Patent 6,910,045

Lake Tahoe Weekly Real Estate Market Statistics For Nevada East Shore

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

Activity has been good!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between active listins and Pending sales.  This past week we saw the Market Activity Ratio remaine the same at 13.4%.  This is the result of the Active listings increasing by 6 as the Pending sales increase by 5.  The number of Pending Bank Owned properties is at 5 and the number of Pending Short Sales is at 7.  The distress sales now represent 36.4% of all Pending sales.  There are now 4 bank owned properties currently Active on the market. 

There were 4 new sales this past week for a YTD of 90 sales.  The were a couple of sales on top of Kingsbury Grade for $350,000 & 450,000, a condo in Lake Village for $295,000 & a condo on McFaul for 175,000.  These sales did decrease the 6 month Average sales price by 3% to $793,078.  The average days on market are 237 days.  There are now 26 more sales this year than a year ago.

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
Active Listings				242	$436,040,485	$1,801,820	$630,000	247
Listings Under Contract				5	$3,083,700	$616,740	$290,000	236
Listings Sold 2010				63	$49,963,901	$793,078	$482,000	237
ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	35	$10,294,400	$294,126	$255,000	231
			Upper Kingsbury	10	$7,274,900	$727,490	$572,250	277
			Mid Kingsbury	17	$17,894,300	$1,052,606	$570,000	146
			Lower Kingsbury	7	$10,368,000	$1,481,143	$1,595,000	194
			Lincoln Park	1	$1,695,000	$1,695,000	$1,695,000	691
			Kahle Park	2	$558,999	$279,500	$279,500	357
			Lake Village	16	$6,129,900	$383,119	$338,500	159
			Round Hill	15	$16,895,000	$1,126,333	$650,000	298
			Elk Point	2	$2,220,000	$1,110,000	$1,110,000	18
			Pinewild/Marla	8	$7,693,000	$961,625	$661,500	185
			Zephyr Heights/Knolls	16	$13,402,500	$837,656	$707,000	152
			Zephyr Cove	1	$499,900	$499,900	$499,900	156
			Skyland/Tall Pn/Snug Harbor	9	$6,025,000	$669,444	$599,000	184
			Hidden Woods	3	$4,625,000	$1,541,667	$1,000,000	371
			Upper & Lower Lakeridge – LT	3	$2,769,999	$923,333	$999,999	552
			Cave Rock	10	$14,980,000	$1,498,000	$1,399,500	195
			Logan/Cedarbrok	4	$8,114,900	$2,028,725	$1,697,500	307
			Glenbrk/Uppaway	21	$57,146,000	$2,721,238	$1,795,000	355
			Lakefront Propt	20	$199,995,000	$9,999,750	$4,772,500	457
			Sub Total	200	$388,581,798	$1,942,909	$659,500	257
New
	RESIDENTIAL
		Residential
			Upper Kingsbury	2	$948,000	$474,000	$474,000	2
			Lower Kingsbury	1	$201,500	$201,500	$201,500	3
			Lake Village	1	$395,000	$395,000	$395,000	3
			Pinewild/Marla	1	$1,775,000	$1,775,000	$1,775,000	1
			Sub Total	5	$3,319,500	$663,900	$395,000	2
Extended
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$729,400	$364,700	$364,700	749
			Round Hill	1	$399,000	$399,000	$399,000	311
			Pinewild/Marla	1	$439,000	$439,000	$439,000	367
			Sub Total	4	$1,567,400	$391,850	$419,000	544
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$167,187	$167,187	$167,187	101
			Mid Kingsbury	1	$470,000	$470,000	$470,000	77
			Cave Rock	1	$670,000	$670,000	$670,000	230
			Glenbrk/Uppaway	1	$6,500,000	$6,500,000	$6,500,000	386
			Lakefront Propt	1	$3,999,000	$3,999,000	$3,999,000	115
			Sub Total	5	$11,806,187	$2,361,237	$670,000	182
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$199,900	$199,900	$199,900	13
			Mid Kingsbury	1	$1,095,000	$1,095,000	$1,095,000	92
			Round Hill	1	$729,000	$729,000	$729,000	115
			Pinewild/Marla	1	$1,395,000	$1,395,000	$1,395,000	24
			Cave Rock	1	$955,000	$955,000	$955,000	151
			Lakefront Propt	3	$16,775,000	$5,591,667	$5,495,000	341
			Sub Total	8	$21,148,900	$2,643,613	$1,245,000	177
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	8	$2,486,900	$310,863	$234,500	162
			Lake Village	1	$240,000	$240,000	$240,000	69
			Round Hill	1	$1,695,000	$1,695,000	$1,695,000	135
			Pinewild/Marla	1	$450,000	$450,000	$450,000	272
			Skyland/Tall Pn/Snug Harbor	1	$635,000	$635,000	$635,000	112
			Upper & Lower Lakeridge – LT	1	$769,000	$769,000	$769,000	98
			Sub Total	13	$6,275,900	$482,762	$375,000	153
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$438,900	$219,450	$219,450	149
			Lower Kingsbury	1	$348,000	$348,000	$348,000	29
			Lake Village	1	$249,900	$249,900	$249,900	120
			Zephyr Heights/Knolls	1	$539,000	$539,000	$539,000	85
			Cave Rock	2	$1,765,000	$882,500	$882,500	692
			Sub Total	7	$3,340,800	$477,257	$329,000	274
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	8	$1,942,601	$242,825	$194,000	311
			Upper Kingsbury	10	$6,389,900	$638,990	$425,000	108
			Mid Kingsbury	5	$2,885,000	$577,000	$482,000	211
			Lower Kingsbury	3	$1,067,500	$355,833	$316,000	60
			Lake Village	5	$1,447,500	$289,500	$295,000	119
			Round Hill	8	$4,310,500	$538,813	$450,250	153
			Elk Point	1	$1,425,000	$1,425,000	$1,425,000	361
			Pinewild/Marla	1	$505,000	$505,000	$505,000	188
			Zephyr Heights/Knolls	6	$3,974,000	$662,333	$687,500	308
			Zephyr Cove	1	$730,000	$730,000	$730,000	939
			Skyland/Tall Pn/Snug Harbor	4	$2,575,900	$643,975	$672,950	228
			Upper & Lower Lakeridge – LT	3	$2,911,000	$970,333	$849,000	240
			Cave Rock	2	$1,692,500	$846,250	$846,250	257
			Logan/Cedarbrok	1	$1,060,000	$1,060,000	$1,060,000	957
			Glenbrk/Uppaway	4	$11,297,500	$2,824,375	$2,025,000	227
			Lakefront Propt	1	$5,750,000	$5,750,000	$5,750,000	998
			Sub Total	63	$49,963,901	$793,078	$482,000	237
PENDING-No Show
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$253,800	$126,900	$126,900	28
			Pinewild/Marla	1	$290,000	$290,000	$290,000	52
			Zephyr Heights/Knolls	1	$999,900	$999,900	$999,900	891
			Skyland/Tall Pn/Snug Harbor	1	$1,540,000	$1,540,000	$1,540,000	183
			Sub Total	5	$3,083,700	$616,740	$290,000	236

 

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 market is keeping a steady pace.  To track the most currnet buyer activity, I use the Market Activity Ratio which is the relationship between Active Listings and Pending sales.  This past week we did see the Market Activity Ratio increase slightly from 19.3% to 19.4%.  This is the result of the Active listings dercreasing by 1 as the Pending sales increased by 1.  The number of pending bank owned sales is at 20 & the number of pendig short sales is at 38.  The distress sales now represent 50% of all pending sales.

There were 10 new sales this past week for a YTD of 383 sales.  These sales occurred below $475,000 with 3 three sales above that for $535,000 on Pyramid, $579,000 on Venice and 599,000 on Lone Indinan.  This decreased the 6 month average sales price by $3,000 to $393,312.  The average days on market are 152 days.

Listings per Status

 

Listings per Status

Area Market Survey   Listings as of 09/17/10 at 9:58am Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 21   $100,000 thru $119,999 2 334   $120,000 thru $139,999 8 113   $140,000 thru $159,999 7 143   $160,000 thru $179,999 10 158   $180,000 thru $199,999 15 139   $200,000 thru $249,999 58 146   $250,000 thru $299,999 73 188   $300,000 thru $349,999 44 122   $350,000 thru $399,999 41 207   $400,000 thru $449,999 24 135   $450,000 thru $499,999 36 156   $500,000 thru $549,999 23 121   $550,000 thru $599,999 26 186   $600,000 thru $649,999 11 86   $650,000 thru $699,999 13 213   $700,000 thru $749,999 9 156   $750,000 thru $799,999 6 185   $800,000 thru $849,999 9 189   $850,000 thru $899,999 9 128   $900,000 thru $949,999 1 336   $950,000 thru $999,999 8 251   $1,000,000 thru $1,249,999 10 192   $1,250,000 thru $1,499,999 9 140   $1,500,000 thru $1,749,999 3 388   $1,750,000 thru $1,999,999 11 366   $2,000,000 thru $2,249,999 3 169   $2,250,000 thru $2,499,999 2 170   $2,500,000 thru $2,749,999 2 190   $2,750,000 thru $2,999,999 1 55   $3,250,000 thru $3,499,999 2 95   $3,500,000 thru $3,749,999 1 143   $3,750,000 thru $3,999,999 1 180   $4,000,000 thru $4,249,999 1 285   $4,750,000 thru $4,999,999 1 1528   $10,000,000 or more 1 274     482 171     Summary Price Information Minimum  $77,000 Maximum  $12,900,000 Average  $586,742 Median  $387,000 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. U.S. Patent 6,910,045 Area Market Survey   Listings as of 09/17/10 at 9:58am Pending Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 406   $90,000 thru $99,999 2 141   $100,000 thru $119,999 1 171   $140,000 thru $159,999 7 61   $160,000 thru $179,999 1 176   $180,000 thru $199,999 4 184   $200,000 thru $249,999 12 103   $250,000 thru $299,999 31 141   $300,000 thru $349,999 7 99   $350,000 thru $399,999 9 143   $400,000 thru $449,999 2 53   $450,000 thru $499,999 11 132   $500,000 thru $549,999 3 57   $550,000 thru $599,999 6 91   $600,000 thru $649,999 6 290   $650,000 thru $699,999 4 198   $700,000 thru $749,999 2 446   $750,000 thru $799,999 4 118   $850,000 thru $899,999 1 1277   $1,000,000 thru $1,249,999 1 154   $1,250,000 thru $1,499,999 1 210     116 152     Summary Price Information Minimum  $89,000 Maximum  $1,375,000 Average  $390,596 Median  $299,900 Sold Selling Price Range  Quantity      Average DOM   $50,000 thru $59,999 1 79   $60,000 thru $69,999 1 67   $80,000 thru $89,999 1 64   $100,000 thru $119,999 1 158   $120,000 thru $139,999 7 111   $140,000 thru $159,999 12 82   $160,000 thru $179,999 14 146   $180,000 thru $199,999 18 116   $200,000 thru $249,999 43 146   $250,000 thru $299,999 47 133   $300,000 thru $349,999 27 146   $350,000 thru $399,999 22 142   $400,000 thru $449,999 13 147   $450,000 thru $499,999 15 136   $500,000 thru $549,999 12 131   $550,000 thru $599,999 12 225   $600,000 thru $649,999 9 196   $650,000 thru $699,999 8 134   $700,000 thru $749,999 8 305   $750,000 thru $799,999 4 243   $800,000 thru $849,999 2 246   $850,000 thru $899,999 1 114   $900,000 thru $949,999 3 174   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 5 283   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 2 508     290 152     Summary Price Information Minimum  $58,000 Maximum  $3,575,000 Average  $393,312 Median  $299,950 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. U.S. Patent 6,910,045

Lake Tahoe Weekly Real Estate Market Statistics For Nevada East Shore

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 has remained at a steady pace.  To track the most currnt buyer activity, I use the Market activity Ratio which is the relationship between Active listins and Pending sales.  This past week we saw the Market Activity Ratio decrease slightly from 13.6 to 13.4%.  This is the result of the Active listings increasing by 5 as the pending sales remained the same.  The number of pending bank owned properties is at 7 & pending short sales is at 6.  The distress sales now represent 39.4% of all pending sales which is down from the previous week of 42.4%. 

There were 3 new sales this past week for a YTD of 86 sales.  There were two at upper Kingsbury Grade for $1,100,000 & $350,000.  The third was at Marla Bay for $505,000.  This decreased the 6 month average sales price by .3% to $817,898.  The average days on market are 238 days.

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
Active Listings				240	$434,660,120	$1,811,084	$612,450	248
Listings Under Contract				7	$3,564,200	$509,171	$290,000	189
Listings Sold 2010				60	$49,073,901	$817,898	$493,750	238
ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	36	$10,246,887	$284,636	$247,000	247
			Upper Kingsbury	9	$6,925,000	$769,444	$574,500	300
			Mid Kingsbury	16	$17,285,400	$1,080,338	$570,000	138
			Lower Kingsbury	6	$8,753,000	$1,458,833	$1,354,500	284
			Lincoln Park	1	$1,695,000	$1,695,000	$1,695,000	684
			Kahle Park	2	$558,999	$279,500	$279,500	350
			Lake Village	14	$5,668,400	$404,886	$382,450	96
			Round Hill	14	$16,150,000	$1,153,571	$637,500	305
			Elk Point	1	$925,000	$925,000	$925,000	17
			Pinewild/Marla	9	$8,132,000	$903,556	$645,000	198
			Zephyr Heights/Knolls	15	$12,781,500	$852,100	$739,000	142
			Zephyr Cove	1	$499,900	$499,900	$499,900	149
			Skyland/Tall Pn/Snug Harbor	8	$5,490,000	$686,250	$621,500	199
			Hidden Woods	3	$4,625,000	$1,541,667	$1,000,000	364
			Upper & Lower Lakeridge – LT	3	$2,769,999	$923,333	$999,999	545
			Cave Rock	11	$15,675,000	$1,425,000	$799,000	191
			Logan/Cedarbrok	4	$8,114,900	$2,028,725	$1,697,500	300
			Glenbrk/Uppaway	21	$57,646,000	$2,745,048	$1,795,000	366
			Lakefront Propt	19	$182,275,000	$9,593,421	$4,750,000	363
			Sub Total	193	$366,216,985	$1,897,497	$645,000	253
New
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$894,900	$447,450	$447,450	5
			Upper Kingsbury	1	$349,900	$349,900	$349,900	2
			Lake Village	3	$1,188,000	$396,000	$279,000	2
			Elk Point	1	$1,295,000	$1,295,000	$1,295,000	4
			Skyland/Tall Pn/Snug Harbor	1	$535,000	$535,000	$535,000	3
			Glenbrk/Uppaway	1	$7,500,000	$7,500,000	$7,500,000	5
			Sub Total	9	$11,762,800	$1,306,978	$535,000	3
Back On Market
	RESIDENTIAL
		Residential
			Lake Village	1	$349,500	$349,500	$349,500	1434
			Sub Total	1	$349,500	$349,500	$349,500	1434
Extended
	RESIDENTIAL
		Residential
			Round Hill	1	$399,000	$399,000	$399,000	304
			Zephyr Heights/Knolls	1	$645,000	$645,000	$645,000	188
			Lakefront Propt	2	$23,545,000	$11,772,500	$11,772,500	973
			Sub Total	4	$24,589,000	$6,147,250	$2,720,000	609
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$748,900	$249,633	$265,000	231
			Mid Kingsbury	2	$1,178,900	$589,450	$589,450	108
			Round Hill	1	$745,000	$745,000	$745,000	99
			Lakefront Propt	1	$4,250,000	$4,250,000	$4,250,000	402
			Sub Total	7	$6,922,800	$988,971	$349,000	201
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$269,000	$269,000	$269,000	622
			Upper Kingsbury	1	$328,235	$328,235	$328,235	57
			Mid Kingsbury	1	$1,095,000	$1,095,000	$1,095,000	85
			Round Hill	1	$729,000	$729,000	$729,000	108
			Pinewild/Marla	1	$1,395,000	$1,395,000	$1,395,000	17
			Cave Rock	1	$955,000	$955,000	$955,000	144
			Lakefront Propt	2	$10,895,000	$5,447,500	$5,447,500	438
			Sub Total	8	$15,666,235	$1,958,279	$1,025,000	239
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	7	$2,352,000	$336,000	$240,000	167
			Lake Village	1	$240,000	$240,000	$240,000	62
			Pinewild/Marla	1	$450,000	$450,000	$450,000	265
			Skyland/Tall Pn/Snug Harbor	1	$635,000	$635,000	$635,000	105
			Upper & Lower Lakeridge – LT	1	$769,000	$769,000	$769,000	91
			Sub Total	11	$4,446,000	$404,182	$375,000	154
Active/Pending-House
	RESIDENTIAL
		Residential
			Round Hill	1	$1,695,000	$1,695,000	$1,695,000	128
			Sub Total	1	$1,695,000	$1,695,000	$1,695,000	128
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$109,900	$109,900	$109,900	182
			Lower Kingsbury	1	$348,000	$348,000	$348,000	22
			Lake Village	1	$249,900	$249,900	$249,900	113
			Zephyr Heights/Knolls	1	$539,000	$539,000	$539,000	78
			Cave Rock	2	$1,765,000	$882,500	$882,500	685
			Sub Total	6	$3,011,800	$501,967	$306,500	294
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	7	$1,687,601	$241,086	$190,000	267
			Upper Kingsbury	9	$5,939,900	$659,989	$400,000	113
			Mid Kingsbury	5	$2,885,000	$577,000	$482,000	211
			Lower Kingsbury	3	$1,067,500	$355,833	$316,000	60
			Lake Village	5	$1,437,500	$287,500	$285,000	137
			Round Hill	7	$4,135,500	$590,786	$475,500	164
			Elk Point	1	$1,425,000	$1,425,000	$1,425,000	361
			Pinewild/Marla	1	$505,000	$505,000	$505,000	188
			Zephyr Heights/Knolls	6	$3,974,000	$662,333	$687,500	308
			Zephyr Cove	1	$730,000	$730,000	$730,000	939
			Skyland/Tall Pn/Snug Harbor	4	$2,575,900	$643,975	$672,950	228
			Upper & Lower Lakeridge – LT	3	$2,911,000	$970,333	$849,000	240
			Cave Rock	2	$1,692,500	$846,250	$846,250	257
			Logan/Cedarbrok	1	$1,060,000	$1,060,000	$1,060,000	957
			Glenbrk/Uppaway	4	$11,297,500	$2,824,375	$2,025,000	227
			Lakefront Propt	1	$5,750,000	$5,750,000	$5,750,000	998
			Sub Total	60	$49,073,901	$817,898	$493,750	238
PENDING-No Show
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$253,800	$126,900	$126,900	24
			Lake Village	1	$308,500	$308,500	$308,500	99
			Round Hill	1	$172,000	$172,000	$172,000	72
			Pinewild/Marla	1	$290,000	$290,000	$290,000	45
			Zephyr Heights/Knolls	1	$999,900	$999,900	$999,900	884
			Skyland/Tall Pn/Snug Harbor	1	$1,540,000	$1,540,000	$1,540,000	176
			Sub Total	7	$3,564,200	$509,171	$290,000	189

 

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.

September is proving to be a good month for sales as in previous years.  To measure 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 Ratio increase from 18.4% to 19.3%.  This is the result of the Active listings decreasing by 9 as the Pending sales increased by 4.  The number of Pending Bank Owned properties is at 20 and the number of Pending Short Sales is at 35.  The distress sales now represent 47.8% of all Pending Sales which is up from 43.2% the previous week.

This past week there were 13 new sales for a YTD of 373 sales.  Half of the sales were below $302,000 and the other half were above $485,000.  One of the sales was a lake front in the Tahoe Keys and it sold for $3,575,000.  For the second consecutive week, we saw the 6 month average sales price increase and this week it increased by 3.3% to $396,641.  The average days on market is 154 days. 

Listings per Status

 

Area Market Survey

Listings as of 09/10/10 at 10:01am

 

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 14   $80,000 thru $89,999 1 399   $90,000 thru $99,999 1 135   $100,000 thru $119,999 2 327   $120,000 thru $139,999 6 143   $140,000 thru $159,999 7 136   $160,000 thru $179,999 8 182   $180,000 thru $199,999 16 150   $200,000 thru $249,999 57 140   $250,000 thru $299,999 76 179   $300,000 thru $349,999 40 129   $350,000 thru $399,999 43 197   $400,000 thru $449,999 24 130   $450,000 thru $499,999 35 155   $500,000 thru $549,999 24 117   $550,000 thru $599,999 24 179   $600,000 thru $649,999 12 104   $650,000 thru $699,999 15 200   $700,000 thru $749,999 8 180   $750,000 thru $799,999 7 165   $800,000 thru $849,999 9 182   $850,000 thru $899,999 8 127   $900,000 thru $949,999 2 205   $950,000 thru $999,999 8 244   $1,000,000 thru $1,249,999 10 185   $1,250,000 thru $1,499,999 10 144   $1,500,000 thru $1,749,999 3 381   $1,750,000 thru $1,999,999 11 359   $2,000,000 thru $2,249,999 3 162   $2,250,000 thru $2,499,999 2 163   $2,500,000 thru $2,749,999 2 183   $2,750,000 thru $2,999,999 1 48   $3,250,000 thru $3,499,999 2 88   $3,500,000 thru $3,749,999 1 136   $3,750,000 thru $3,999,999 1 173   $4,000,000 thru $4,249,999 1 278   $4,750,000 thru $4,999,999 1 1521   $10,000,000 or more 1 267     483 169

Summary Price Information Minimum  $77,000 Maximum  $12,900,000 Average  $590,270 Median  $389,000

 

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. U.S. Patent 6,910,045

Area Market Survey

Listings as of 09/10/10 at 10:01am

 

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 2 134   $100,000 thru $119,999 2 159   $140,000 thru $159,999 6 63   $160,000 thru $179,999 1 169   $180,000 thru $199,999 4 177   $200,000 thru $249,999 11 92   $250,000 thru $299,999 29 143   $300,000 thru $349,999 11 87   $350,000 thru $399,999 7 169   $450,000 thru $499,999 12 120   $500,000 thru $549,999 4 68   $550,000 thru $599,999 6 84   $600,000 thru $649,999 6 268   $650,000 thru $699,999 4 191   $700,000 thru $749,999 2 439   $750,000 thru $799,999 4 111   $850,000 thru $899,999 1 1270   $950,000 thru $999,999 1 854   $1,000,000 thru $1,249,999 1 147   $1,250,000 thru $1,499,999 1 203     115 152

Summary Price Information Minimum  $98,200 Maximum  $1,375,000 Average  $401,797 Median  $319,900

 

Sold Selling Price Range  Quantity      Average DOM   $50,000 thru $59,999 1 79   $60,000 thru $69,999 1 67   $80,000 thru $89,999 1 64   $120,000 thru $139,999 7 111   $140,000 thru $159,999 12 82   $160,000 thru $179,999 14 146   $180,000 thru $199,999 19 112   $200,000 thru $249,999 42 149   $250,000 thru $299,999 47 138   $300,000 thru $349,999 24 154   $350,000 thru $399,999 23 141   $400,000 thru $449,999 14 145   $450,000 thru $499,999 15 132   $500,000 thru $549,999 12 125   $550,000 thru $599,999 11 233   $600,000 thru $649,999 9 196   $650,000 thru $699,999 9 126   $700,000 thru $749,999 8 305   $750,000 thru $799,999 4 243   $800,000 thru $849,999 2 246   $850,000 thru $899,999 1 114   $900,000 thru $949,999 4 241   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 5 283   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 2 508     289 154

Summary Price Information Minimum  $58,000 Maximum  $3,575,000 Average  $396,641 Median  $300,000

 

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. U.S. Patent 6,910,045

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