Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 5/27/11

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 in Nevada has cooled with the weather.  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 the market activity ratio decreased from 8% to 6.8%.  This is the result of the Active listings increasing by 5 as the Pending sales decreased by 3.  The distress sales which are the short sales and foreclosures represent 13.6% of the available homes for sale and 58.6% of all the pending sales in escrow.

This past week there was 1 new sale for a YTD of 54 sales.  This was in Glenbrook for the price of $6,237,000.  This substancially increased the 6 month average sales price by 13.1% to $771,292.  The average days on market are 246 days.

South Lake Tahoe Real Estate Weekly Market Update 5/27/11

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 remained steady and the inventory is on the rise as we approach the peak selling season.  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 decrease as the Active listings increased by 11 and the Pending sales remained the same.  The distress sales which include both foreclosures and short sales represent 19.8% of the available inventory and 62.8% of all the pending sales in escrow.

This past week there were 11 new sales for a YTD total of 194 sales.  Most of the sales were under 375,000 with the lowest at $125,000 and the highest at $437000.  This did decrease the 6 month average sales price by 1.6% to $353,336.  The average days on market are 170 days.

Listings per Status

Area Market Survey

Listings as of 05/27/11 at 11:26am

 

Active Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 113   $80,000 thru $89,999 1 70   $90,000 thru $99,999 2 65   $100,000 thru $119,999 4 23   $120,000 thru $139,999 8 131   $140,000 thru $159,999 9 122   $160,000 thru $179,999 20 153   $180,000 thru $199,999 24 109   $200,000 thru $249,999 43 221   $250,000 thru $299,999 49 201   $300,000 thru $349,999 26 160   $350,000 thru $399,999 20 72   $400,000 thru $449,999 30 183   $450,000 thru $499,999 28 211   $500,000 thru $549,999 12 102   $550,000 thru $599,999 15 177   $600,000 thru $649,999 9 180   $650,000 thru $699,999 10 114   $700,000 thru $749,999 3 133   $750,000 thru $799,999 5 158   $800,000 thru $849,999 5 169   $850,000 thru $899,999 1 196   $900,000 thru $949,999 3 307   $950,000 thru $999,999 6 517   $1,000,000 thru $1,249,999 2 238   $1,250,000 thru $1,499,999 6 155   $1,500,000 thru $1,749,999 5 439   $1,750,000 thru $1,999,999 2 266   $2,000,000 thru $2,249,999 4 246   $2,250,000 thru $2,499,999 1 442   $2,500,000 thru $2,749,999 2 442   $3,500,000 thru $3,749,999 2 326   $3,750,000 thru $3,999,999 1 432   $4,000,000 thru $4,249,999 1 14   $4,250,000 thru $4,499,999 2 163   $10,000,000 or more 1 526     363 182

Summary Price Information Minimum  $65,000 Maximum  $12,900,000 Average  $552,905 Median  $349,000

 

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

Area Market Survey

Listings as of 05/27/11 at 11:26am

 

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 25   $70,000 thru $79,999 1 43   $90,000 thru $99,999 1 282   $100,000 thru $119,999 1 43   $120,000 thru $139,999 5 150   $140,000 thru $159,999 2 374   $160,000 thru $179,999 10 158   $180,000 thru $199,999 6 159   $200,000 thru $249,999 10 187   $250,000 thru $299,999 14 147   $300,000 thru $349,999 13 173   $350,000 thru $399,999 6 184   $400,000 thru $449,999 4 75   $450,000 thru $499,999 6 145   $500,000 thru $549,999 1 356   $550,000 thru $599,999 2 359   $600,000 thru $649,999 2 214   $650,000 thru $699,999 3 150   $700,000 thru $749,999 1 728   $800,000 thru $849,999 1 221   $850,000 thru $899,999 1 185   $1,000,000 thru $1,249,999 1 109   $1,500,000 thru $1,749,999 1 721   $1,750,000 thru $1,999,999 1 564     94 185

Summary Price Information Minimum  $64,900 Maximum  $1,999,000 Average  $358,149 Median  $297,000

 

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 186   $80,000 thru $89,999 1 225   $90,000 thru $99,999 2 158   $100,000 thru $119,999 4 109   $120,000 thru $139,999 6 153   $140,000 thru $159,999 12 127   $160,000 thru $179,999 14 115   $180,000 thru $199,999 14 166   $200,000 thru $249,999 36 161   $250,000 thru $299,999 37 164   $300,000 thru $349,999 28 165   $350,000 thru $399,999 17 183   $400,000 thru $449,999 11 126   $450,000 thru $499,999 11 216   $500,000 thru $549,999 14 129   $550,000 thru $599,999 9 148   $600,000 thru $649,999 8 133   $650,000 thru $699,999 3 420   $700,000 thru $749,999 7 300   $750,000 thru $799,999 4 104   $800,000 thru $849,999 2 746   $950,000 thru $999,999 2 424   $1,000,000 thru $1,249,999 1 94   $1,250,000 thru $1,499,999 1 431   $1,500,000 thru $1,749,999 1 195     246 170

Summary Price Information Minimum  $65,000 Maximum  $1,600,000 Average  $353,336 Median  $293,500

 

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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent

Lake Tahoe Weekly Real Estate Market Update 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 inventory and pending sales are on the rise in Nevada as well.  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 the Market Activity Ratio did increase from 7.7% to 8%.  This is the result of the Active listings increasing by 5 as the Pending sales increased by 1.  The distress sales with short sales and foreclosures only represent 9.9% of the Active inventory but it is 46.7% of the Pending sales.

This past week there were 2 new sales for a YTD of 53 sales.  These sales were in Lake Village for $320,000 and Skyland for $575,000.  This was enough to raise the 6 month average sales price by 2.2% to $681,668.  The average days on market are 244 days.

South Lake Tahoe Weekly Real Estate Market Update

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.

Inventory has been on the rise and so has the purchases.  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 experienced an uptick in the market activity ratio which rose from 20.5% to 21.1%.  This is the result of the Active Listings increasing by 7 as the Pending sales increased by 5.  The distress sales with short sales and foreclosures continue to impact our market.  The Active inventory is comprised of 20.5% distress sales and the Pending sales is 60.6%.  The inventory should continue to rise and peak in July.  Although the current inventory and selection is 13.7% less than last year at this time.

There were 8 new sales this past week with a YTD of 183 sales.  Five of the Eight sales were above $500,000 with the lowest sale at $155,200 and the highest sale at $750,000.  This increased the 6 month average sales price by 1% to $359,181.  The average days on market are 172 days. 

Listings per Status

Area Market Survey

Listings as of 05/20/11 at 8:36am

 

Active Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 2 62   $80,000 thru $89,999 1 63   $90,000 thru $99,999 2 58   $100,000 thru $119,999 3 21   $120,000 thru $139,999 9 111   $140,000 thru $159,999 8 126   $160,000 thru $179,999 18 182   $180,000 thru $199,999 21 85   $200,000 thru $249,999 41 237   $250,000 thru $299,999 48 225   $300,000 thru $349,999 29 135   $350,000 thru $399,999 20 96   $400,000 thru $449,999 27 179   $450,000 thru $499,999 28 205   $500,000 thru $549,999 12 113   $550,000 thru $599,999 16 174   $600,000 thru $649,999 7 224   $650,000 thru $699,999 9 113   $700,000 thru $749,999 3 121   $750,000 thru $799,999 5 151   $800,000 thru $849,999 5 162   $850,000 thru $899,999 1 189   $900,000 thru $949,999 2 453   $950,000 thru $999,999 6 510   $1,000,000 thru $1,249,999 3 188   $1,250,000 thru $1,499,999 5 179   $1,500,000 thru $1,749,999 5 432   $1,750,000 thru $1,999,999 2 259   $2,000,000 thru $2,249,999 4 239   $2,250,000 thru $2,499,999 1 435   $2,500,000 thru $2,749,999 2 435   $3,500,000 thru $3,749,999 2 319   $3,750,000 thru $3,999,999 1 425   $4,000,000 thru $4,249,999 1 7   $4,250,000 thru $4,499,999 2 156   $10,000,000 or more 1 519     352 186

Summary Price Information Minimum  $64,900 Maximum  $12,900,000 Average  $556,527 Median  $347,000

 

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

Area Market Survey

Listings as of 05/20/11 at 8:36am

 

Pending Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 36   $90,000 thru $99,999 1 275   $100,000 thru $119,999 1 36   $120,000 thru $139,999 5 187   $140,000 thru $159,999 4 233   $160,000 thru $179,999 11 144   $180,000 thru $199,999 5 204   $200,000 thru $249,999 9 200   $250,000 thru $299,999 17 135   $300,000 thru $349,999 12 179   $350,000 thru $399,999 7 175   $400,000 thru $449,999 3 83   $450,000 thru $499,999 6 132   $500,000 thru $549,999 1 349   $550,000 thru $599,999 2 352   $600,000 thru $649,999 2 207   $650,000 thru $699,999 2 204   $700,000 thru $749,999 1 721   $800,000 thru $849,999 1 214   $850,000 thru $899,999 1 178   $1,500,000 thru $1,749,999 1 714   $1,750,000 thru $1,999,999 1 557     94 187

Summary Price Information Minimum  $75,000 Maximum  $1,999,000 Average  $343,792 Median  $289,000

 

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 186   $80,000 thru $89,999 1 225   $90,000 thru $99,999 2 158   $100,000 thru $119,999 4 109   $120,000 thru $139,999 6 122   $140,000 thru $159,999 11 122   $160,000 thru $179,999 14 115   $180,000 thru $199,999 14 166   $200,000 thru $249,999 35 163   $250,000 thru $299,999 33 170   $300,000 thru $349,999 28 168   $350,000 thru $399,999 16 184   $400,000 thru $449,999 11 150   $450,000 thru $499,999 11 216   $500,000 thru $549,999 14 129   $550,000 thru $599,999 9 148   $600,000 thru $649,999 8 133   $650,000 thru $699,999 3 420   $700,000 thru $749,999 7 300   $750,000 thru $799,999 4 104   $800,000 thru $849,999 2 746   $950,000 thru $999,999 2 424   $1,000,000 thru $1,249,999 2 70   $1,250,000 thru $1,499,999 1 431   $1,500,000 thru $1,749,999 1 195     240 172

Summary Price Information Minimum  $65,000 Maximum  $1,600,000 Average  $359,181 Median  $297,750

 

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

Lake Tahoe Weekly Real Estate Market Update 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 been slow in Nevada which is typical for the spring season. To measure 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 saw the market activity ratio increase from 6.9% to 7.7%. This is the result of the Active listings increasing by 4 as the pending sales increased by 2. The distresss sales with short sales and foreclosures is still a small portion of the active inventory which is 9.6% but it is still represents a large portion of the pending sales at 57.1%.

This past week there was 1 sale for a YTD of 51 sales. The sale was on Canyon Cr for $865,000. This did increase the 6 month average sales price by 1% to $667,277. The average days on market are 238 days.

Next Page »