Lake Tahoe Weekly Real Estate Market Update for East Shore of Nevada

March 24, 2011

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 winter storms are not holding back the buyers in Nevada.  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 11.9% to 13.8%.  This is the result of the Active listings decreaseing by 3 as the Pending sales increased by 3.  The distress sales which includes bank owned and short sale properties represents only 6.5% of the active inventory and 59.1% of the Pending sales.

This past week there were 2 new sales for a YTD of 36 sales.  These sales were 126 Daggett Way for $455,000 and Sunflower for $575,000.  The average 6 month sales price is at $747,911.  The average days on market are 217 days.

South Lake Tahoe Weekly Real Estate Market Update

March 24, 2011

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.

Despite the heavy snow week, the buyers are still scooping up the deals.  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 21.6% to 23.6%.  This is the result of the Active listings decreaseing by 6 as the Pending sales increased by 9.  The distress sales which include short sales and bank owned properties now represent 21.4% of the Active inventory and 70% of the pending sales.

This past week there were 5 new sales with a YTD of 107 sales.  Three of the five sales were above 215,000 which were on Saddle Rd for $471,000, 965,000 on Chiapa and $1,150,000 on Lake Tahoe Blvd.  The average days on market are 166 days.  It’s interesting to note the Short sales and bank owned properties represent 15.1% and 28.3% of the sales to date this year respectively.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

 

Listings as of 03/24/11 at 2:37pm

 

Active
Listing Price Range  Quantity      Average DOM  
$70,000 thru $79,999 1 49  
$80,000 thru $89,999 1 6  
$90,000 thru $99,999 1 12  
$100,000 thru $119,999 2 95  
$120,000 thru $139,999 9 137  
$140,000 thru $159,999 9 162  
$160,000 thru $179,999 16 207  
$180,000 thru $199,999 17 95  
$200,000 thru $249,999 38 214  
$250,000 thru $299,999 45 235  
$300,000 thru $349,999 25 193  
$350,000 thru $399,999 19 225  
$400,000 thru $449,999 22 184  
$450,000 thru $499,999 22 207  
$500,000 thru $549,999 13 142  
$550,000 thru $599,999 18 179  
$600,000 thru $649,999 8 176  
$650,000 thru $699,999 7 174  
$700,000 thru $749,999 3 375  
$750,000 thru $799,999 7 250  
$800,000 thru $849,999 3 327  
$850,000 thru $899,999 2 131  
$950,000 thru $999,999 6 452  
$1,000,000 thru $1,249,999 5 352  
$1,250,000 thru $1,499,999 6 166  
$1,500,000 thru $1,749,999 4 411  
$1,750,000 thru $1,999,999 4 284  
$2,000,000 thru $2,249,999 3 260  
$2,250,000 thru $2,499,999 1 378  
$2,500,000 thru $2,749,999 2 378  
$3,250,000 thru $3,499,999 1 279  
$3,500,000 thru $3,749,999 2 262  
$3,750,000 thru $3,999,999 1 368  
$4,250,000 thru $4,499,999 2 99  
$4,750,000 thru $4,999,999 1 1716  
$10,000,000 or more 1 462  
  327 213  
 
Summary Price Information
Minimum  $75,000 Maximum  $12,900,000
Average  $592,914 Median  $349,950

 

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 ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey

 

Listings as of 03/24/11 at 2:37pm

 

Pending
Listing Price Range  Quantity      Average DOM  
$90,000 thru $99,999 1 154  
$100,000 thru $119,999 2 44  
$140,000 thru $159,999 5 234  
$160,000 thru $179,999 4 192  
$180,000 thru $199,999 15 193  
$200,000 thru $249,999 11 160  
$250,000 thru $299,999 16 135  
$300,000 thru $349,999 9 121  
$350,000 thru $399,999 7 94  
$400,000 thru $449,999 3 73  
$450,000 thru $499,999 8 195  
$500,000 thru $549,999 4 119  
$550,000 thru $599,999 4 148  
$600,000 thru $649,999 3 181  
$650,000 thru $699,999 2 90  
$750,000 thru $799,999 3 28  
$900,000 thru $949,999 1 251  
$950,000 thru $999,999 1 157  
$1,500,000 thru $1,749,999 1 657  
$1,750,000 thru $1,999,999 1 416  
  101 157  
 
Summary Price Information
Minimum  $94,900 Maximum  $1,750,000
Average  $373,585 Median  $295,000

 

Sold
Selling Price Range  Quantity      Average DOM  
$80,000 thru $89,999 3 246  
$90,000 thru $99,999 2 146  
$100,000 thru $119,999 2 113  
$120,000 thru $139,999 9 115  
$140,000 thru $159,999 14 139  
$160,000 thru $179,999 13 115  
$180,000 thru $199,999 10 127  
$200,000 thru $249,999 44 148  
$250,000 thru $299,999 38 154  
$300,000 thru $349,999 26 168  
$350,000 thru $399,999 18 192  
$400,000 thru $449,999 11 128  
$450,000 thru $499,999 14 188  
$500,000 thru $549,999 7 169  
$550,000 thru $599,999 11 165  
$600,000 thru $649,999 13 101  
$650,000 thru $699,999 3 520  
$700,000 thru $749,999 9 281  
$750,000 thru $799,999 2 134  
$800,000 thru $849,999 2 746  
$900,000 thru $949,999 1 89  
$950,000 thru $999,999 3 338  
$1,000,000 thru $1,249,999 3 119  
$1,500,000 thru $1,749,999 1 195  
  259 166  
 
Summary Price Information
Minimum  $80,000 Maximum  $1,600,000
Average  $360,375 Median  $291,000

 

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 ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Weekly Real Estate Market Update for the Nevada East Shore

March 18, 2011

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 buyer activity has dropped on the Nevada side.  To measure the most current buyer activity on the market, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  Within the last couple of weeks the Market Activity Ratio has decreased from 15.7% to 11.9%.  This is the result of the Active listings decreasing by 4 as the Pending sales decreased by 8.  The distress sales which includes bank owned and short sales now represents only 4.3% of all active inventory whereas it’s 57.9% for pending sales.

This past week there were 4 new sales for a YTD of 34 sales.  All of the sales were below $252,000 except for a bank owned sale on Myron Dr for $850,000.  This decreased the 6 month average sales price by 6.8% to $600,000.  The average days on market are 290 days.

South Lake Tahoe Weekly Real Estate Market Update

March 18, 2011

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.

Buyer activity has remained steady since the beginning of the year.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active lisitings and Pending sales.  This past week, we saw the Market Activity Ratio decrease slightly to 21.6% from 22.3%.  This is the result of Active listings decreasing by 5 as the Pending sales decreased by 5.  Distress properties which includes bank owned and short sales now represents 23.1% of the Active inventory and 68% of the Pending sales.

This past week there were 9 new sales for a YTD of 101 sales.  Most of the sales were below $335,000 with the exception of a couple sales on Catalina Dr for $700,000 and Chiapa for $965,000.  This did decrease the 6 month average sales price by 3% to $360,177.  The average days on market are 165 days.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 03/18/11 at 9:07am

 

Active
Listing Price Range  Quantity      Average DOM  
$70,000 thru $79,999 1 43  
$90,000 thru $99,999 1 6  
$100,000 thru $119,999 3 72  
$120,000 thru $139,999 7 150  
$140,000 thru $159,999 8 176  
$160,000 thru $179,999 17 201  
$180,000 thru $199,999 16 95  
$200,000 thru $249,999 40 206  
$250,000 thru $299,999 47 234  
$300,000 thru $349,999 27 177  
$350,000 thru $399,999 18 222  
$400,000 thru $449,999 21 156  
$450,000 thru $499,999 23 197  
$500,000 thru $549,999 12 147  
$550,000 thru $599,999 19 181  
$600,000 thru $649,999 8 170  
$650,000 thru $699,999 7 168  
$700,000 thru $749,999 3 369  
$750,000 thru $799,999 9 194  
$800,000 thru $849,999 3 321  
$850,000 thru $899,999 2 125  
$950,000 thru $999,999 6 446  
$1,000,000 thru $1,249,999 5 346  
$1,250,000 thru $1,499,999 6 160  
$1,500,000 thru $1,749,999 5 523  
$1,750,000 thru $1,999,999 5 305  
$2,000,000 thru $2,249,999 3 254  
$2,250,000 thru $2,499,999 1 372  
$2,500,000 thru $2,749,999 2 372  
$3,250,000 thru $3,499,999 1 273  
$3,500,000 thru $3,749,999 2 256  
$3,750,000 thru $3,999,999 1 362  
$4,250,000 thru $4,499,999 2 93  
$4,750,000 thru $4,999,999 1 1710  
$10,000,000 or more 1 456  
  333 211  
 
Summary Price Information
Minimum  $75,000 Maximum  $12,900,000
Average  $600,497 Median  $349,950

 

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 ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey

Listings as of 03/18/11 at 9:07am

 

Pending
Listing Price Range  Quantity      Average DOM  
$90,000 thru $99,999 1 148  
$100,000 thru $119,999 1 38  
$120,000 thru $139,999 2 157  
$140,000 thru $159,999 5 228  
$160,000 thru $179,999 3 175  
$180,000 thru $199,999 15 187  
$200,000 thru $249,999 9 166  
$250,000 thru $299,999 14 141  
$300,000 thru $349,999 7 132  
$350,000 thru $399,999 6 129  
$400,000 thru $449,999 3 286  
$450,000 thru $499,999 8 180  
$500,000 thru $549,999 4 113  
$550,000 thru $599,999 4 142  
$600,000 thru $649,999 3 175  
$650,000 thru $699,999 2 84  
$750,000 thru $799,999 1 28  
$900,000 thru $949,999 1 245  
$950,000 thru $999,999 1 151  
$1,250,000 thru $1,499,999 1 91  
$1,500,000 thru $1,749,999 1 651  
  92 167  
 
Summary Price Information
Minimum  $94,900 Maximum  $1,595,000
Average  $366,535 Median  $292,000

 

Sold
Selling Price Range  Quantity      Average DOM  
$80,000 thru $89,999 3 246  
$90,000 thru $99,999 2 146  
$100,000 thru $119,999 1 39  
$120,000 thru $139,999 9 115  
$140,000 thru $159,999 15 134  
$160,000 thru $179,999 13 115  
$180,000 thru $199,999 10 127  
$200,000 thru $249,999 49 147  
$250,000 thru $299,999 37 147  
$300,000 thru $349,999 26 168  
$350,000 thru $399,999 19 188  
$400,000 thru $449,999 12 126  
$450,000 thru $499,999 15 184  
$500,000 thru $549,999 9 147  
$550,000 thru $599,999 13 206  
$600,000 thru $649,999 13 101  
$650,000 thru $699,999 4 503  
$700,000 thru $749,999 8 247  
$750,000 thru $799,999 3 117  
$800,000 thru $849,999 2 746  
$900,000 thru $949,999 1 89  
$950,000 thru $999,999 3 338  
$1,000,000 thru $1,249,999 2 131  
$1,500,000 thru $1,749,999 1 195  
  270 165  
 
Summary Price Information
Minimum  $80,000 Maximum  $1,600,000
Average  $360,177 Median  $294,250

 

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 ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045