South Lake Tahoe Weekly Real Estate Market Update 5/31/12

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.

For the first time since February, the inventory is on the rise.  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 the market activity ratio had decreased from 39.1% to 37.4%. This is the result of the Active listings increasing by 9 as the Pending sales decreased by 6.  If the market cooled off it may be due to the lack of homes at the bottom end of the market.  The foreclosure surge that impacted the market from last year in August had ended in February this year.  However the distress sales continue to impact our market as it now represents 14.8% of the available inventory and 61.1% of the Pending sales.

This past week there were 21 new sales for a YTD of 249 sales.  The sales ranged from a low of $90,000 to a high of $860,000.  Most of the sales were below $336,600 with the exception of three sales that were above that.  These sales were on Venice Dr for $425,000, Early Dawn Tr for $435,000 and Wedeln Ct for $860,000.  This resulted in a the 6 month average sales price decreasing by .9% to $314,640.  The average days on market are 163 days.

Listings per Status

Area Market Survey Summary Listings as of 05/31/12 at 9:33pm Active Listing Price Range Quantity Average DOM $60,000 thru $69,999 1 22 $80,000 thru $89,999 1 38 $90,000 thru $99,999 1 33 $100,000 thru $119,999 4 311 $120,000 thru $139,999 8 85 $140,000 thru $159,999 10 119 $160,000 thru $179,999 14 259 $180,000 thru $199,999 12 78 $200,000 thru $249,999 25 146 $250,000 thru $299,999 28 211 $300,000 thru $349,999 14 177 $350,000 thru $399,999 26 84 $400,000 thru $449,999 23 206 $450,000 thru $499,999 18 307 $500,000 thru $549,999 13 87 $550,000 thru $599,999 11 178 $600,000 thru $649,999 5 99 $650,000 thru $699,999 12 103 $700,000 thru $749,999 1 384 $750,000 thru $799,999 4 34 $800,000 thru $849,999 1 650 $850,000 thru $899,999 6 197 $900,000 thru $949,999 1 21 $950,000 thru $999,999 3 551 $1,000,000 thru $1,249,999 1 20 $1,250,000 thru $1,499,999 12 267 $1,500,000 thru $1,749,999 1 251 $1,750,000 thru $1,999,999 1 787 $2,000,000 thru $2,249,999 1 109 $2,750,000 thru $2,999,999 2 77 $3,250,000 thru $3,499,999 1 246 $4,250,000 thru $4,499,999 1 509 $5,000,000 thru $5,999,999 1 6   263 176   Summary Price Information Minimum $65,000 Maximum $5,250,000 Average $512,883 Median $370,000 Pending Listing Price Range Quantity Average DOM $30,000 thru $39,999 1 14 $60,000 thru $69,999 1 49 $70,000 thru $79,999 1 37 $90,000 thru $99,999 1 292 $100,000 thru $119,999 7 85 $120,000 thru $139,999 8 100 $140,000 thru $159,999 8 118 $160,000 thru $179,999 12 144 $180,000 thru $199,999 19 107 $200,000 thru $249,999 23 108 $250,000 thru $299,999 20 143 $300,000 thru $349,999 10 118 $350,000 thru $399,999 13 148 $400,000 thru $449,999 11 154 $450,000 thru $499,999 5 48 $500,000 thru $549,999 4 147 $550,000 thru $599,999 3 275 $600,000 thru $649,999 2 145 $650,000 thru $699,999 1 28 $800,000 thru $849,999 1 108 $850,000 thru $899,999 2 40 $900,000 thru $949,999 1 177 $1,000,000 thru $1,249,999 1 193 $1,250,000 thru $1,499,999 1 268 $1,500,000 thru $1,749,999 1 171   157 125   Summary Price Information Minimum $39,000 Maximum $1,648,000 Average $309,664 Median $245,000 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 05/31/12 at 9:33pm Sold Selling Price Range Quantity Average DOM $30,000 thru $39,999 1 181 $40,000 thru $49,999 1 30 $50,000 thru $59,999 3 198 $70,000 thru $79,999 1 41 $80,000 thru $89,999 4 152 $90,000 thru $99,999 7 162 $100,000 thru $119,999 12 141 $120,000 thru $139,999 21 116 $140,000 thru $159,999 25 133 $160,000 thru $179,999 26 182 $180,000 thru $199,999 21 169 $200,000 thru $249,999 54 139 $250,000 thru $299,999 31 176 $300,000 thru $349,999 25 175 $350,000 thru $399,999 22 139 $400,000 thru $449,999 19 155 $450,000 thru $499,999 11 164 $500,000 thru $549,999 6 277 $550,000 thru $599,999 7 125 $600,000 thru $649,999 6 363 $650,000 thru $699,999 1 146 $700,000 thru $749,999 2 246 $750,000 thru $799,999 1 385 $800,000 thru $849,999 1 161 $850,000 thru $899,999 1 702 $900,000 thru $949,999 2 136 $950,000 thru $999,999 1 199 $1,000,000 thru $1,249,999 2 161 $1,250,000 thru $1,499,999 2 199 $1,500,000 thru $1,749,999 1 30 $2,500,000 thru $2,749,999 2 212 $3,000,000 thru $3,249,999 1 473   320 163   Summary Price Information Minimum $35,000 Maximum $3,125,000 Average $314,640 Median $229,000 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

Lake Tahoe Weekly Market Update Nevada East Shore 5/25/12

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 demand is increasing in Nevada as the number of distress sales diminishes.  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 the Market Activity Ratio had increased to 18.3% of the inventory to pending in escrow.  This is the result of the Active listings decreased by 1 as the pending sales increased by 3.  The distress sales (short sales and bank owned foreclosures) continue to impact the market as it only represents 4.5% of the Active inventory and 74.3% of the pending sales

This past week there were 4 new sales for a YTD total of 53 sales.  The sales were on Juniper Dr for $328,500, condo on McFaul Way for $145,000, Freel for $790,000 and Lyons Ave for $275,250.  This increased the 6 month average sales price by .4% to $625,572.  The average days on market are 209 days.

South Lake Tahoe Weekly Real Estate Market Update 5/25/12

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 Demand remains high as the Inventory remains low.  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 the Market Activity Ratio had remained the same with 39.1% of the inventory pending in escrow.  This is the result with the number of Active and Pending listings remaining unchanged from last week with 254 homes and condos available and 163 pending sales.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it now represents 17.3% of the Active inventory and 59.5% of the Pending sales.

There were 18 new sales this past week for a YTD total of 228 sales.  The sales ranged from a low of $135,000 to a high of $3,125,000.  The majority of the sales were under $335,000 with 4 sales above that which were on Apalachee Dr for $450,000, Susie Lake Rd for $540,000, Monterey Dr for $740,000 and a lake front in the Tahoe Keys on Lighthouse Shores for $3,125,000.  The lakefront sale substantially increased the 6 month average sales price by 3.4% to $317,490.  This is the second consecutive week that we saw a rise in the 6 month average sales price.  The average days on market are 162 days.

Listings per Status

Area Market Survey Summary Listings as of 05/25/12 at 8:57am Active Listing Price Range Quantity Average DOM $60,000 thru $69,999 1 16 $80,000 thru $89,999 1 32 $90,000 thru $99,999 1 27 $100,000 thru $119,999 4 310 $120,000 thru $139,999 6 104 $140,000 thru $159,999 13 93 $160,000 thru $179,999 15 237 $180,000 thru $199,999 11 79 $200,000 thru $249,999 19 159 $250,000 thru $299,999 31 207 $300,000 thru $349,999 13 183 $350,000 thru $399,999 27 86 $400,000 thru $449,999 21 219 $450,000 thru $499,999 18 300 $500,000 thru $549,999 11 94 $550,000 thru $599,999 12 160 $600,000 thru $649,999 4 109 $650,000 thru $699,999 12 97 $700,000 thru $749,999 1 378 $750,000 thru $799,999 4 28 $800,000 thru $849,999 1 644 $850,000 thru $899,999 6 191 $900,000 thru $949,999 1 15 $950,000 thru $999,999 3 545 $1,000,000 thru $1,249,999 1 14 $1,250,000 thru $1,499,999 10 314 $1,500,000 thru $1,749,999 1 245 $1,750,000 thru $1,999,999 1 781 $2,000,000 thru $2,249,999 1 103 $2,750,000 thru $2,999,999 2 71 $3,250,000 thru $3,499,999 1 240 $4,250,000 thru $4,499,999 1 503   254 179   Summary Price Information Minimum $65,000 Maximum $4,350,000 Average $490,841 Median $369,000 Pending Listing Price Range Quantity Average DOM $30,000 thru $39,999 1 8 $60,000 thru $69,999 1 43 $70,000 thru $79,999 1 31 $90,000 thru $99,999 1 286 $100,000 thru $119,999 9 101 $120,000 thru $139,999 7 104 $140,000 thru $159,999 6 143 $160,000 thru $179,999 14 143 $180,000 thru $199,999 21 112 $200,000 thru $249,999 28 119 $250,000 thru $299,999 18 149 $300,000 thru $349,999 11 135 $350,000 thru $399,999 13 175 $400,000 thru $449,999 10 143 $450,000 thru $499,999 5 54 $500,000 thru $549,999 3 187 $550,000 thru $599,999 3 269 $600,000 thru $649,999 2 139 $650,000 thru $699,999 1 22 $800,000 thru $849,999 1 102 $850,000 thru $899,999 2 34 $900,000 thru $949,999 2 434 $1,000,000 thru $1,249,999 1 187 $1,250,000 thru $1,499,999 1 262 $1,500,000 thru $1,749,999 1 165   163 135   Summary Price Information Minimum $39,000 Maximum $1,648,000 Average $306,675 Median $244,900 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 05/25/12 at 8:57am Sold Selling Price Range Quantity Average DOM $30,000 thru $39,999 1 181 $40,000 thru $49,999 1 30 $50,000 thru $59,999 3 198 $70,000 thru $79,999 1 41 $80,000 thru $89,999 4 152 $90,000 thru $99,999 5 163 $100,000 thru $119,999 11 148 $120,000 thru $139,999 22 118 $140,000 thru $159,999 24 136 $160,000 thru $179,999 25 186 $180,000 thru $199,999 18 160 $200,000 thru $249,999 50 141 $250,000 thru $299,999 29 166 $300,000 thru $349,999 23 163 $350,000 thru $399,999 22 139 $400,000 thru $449,999 18 183 $450,000 thru $499,999 11 164 $500,000 thru $549,999 6 277 $550,000 thru $599,999 7 125 $600,000 thru $649,999 6 363 $650,000 thru $699,999 1 146 $700,000 thru $749,999 2 246 $750,000 thru $799,999 1 385 $800,000 thru $849,999 1 161 $900,000 thru $949,999 2 136 $950,000 thru $999,999 1 199 $1,000,000 thru $1,249,999 2 161 $1,250,000 thru $1,499,999 2 199 $1,500,000 thru $1,749,999 1 30 $2,500,000 thru $2,749,999 2 212 $3,000,000 thru $3,249,999 1 473   303 162   Summary Price Information Minimum $35,000 Maximum $3,125,000 Average $317,490 Median $228,800 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

Lake Tahoe Weekly Real Estate Market Update for Stateline Nevada 5/17/12

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 available homes has not risen from the low in February but the buyer demand has remained the same.  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 the homes availabele has remained the same and the pending sales has dropped by 5.  The distress sales (Short sales and bank owned foreclosures) continues to impact the market as it now represents 6.4% of the active inventory and 78.1% of the Pending sales.

This past week there were 4 new sales for a YTD of 49 sales.  The sales were a condo on Tina Ct for $160,000, condo on Mc Faul Way for $185,000, Eagle Way for $1,900,000 and a lakefront on Jellerson in Glenbrook for $3,200,000.  This increased the 6 month average sales price by 7.5% to $622,994.  The average days on market are 211 days.

South Lake Tahoe Real Estate Market Update 5/17/12

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 low supply of homes at the low end of the market has been creating intense competition among buyers as we have been seeing multiple offers on several homes.  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 the Market Activity Ratio had decreased from 41.3% to 39.1% of the inventory in escrow.  This decline is the result of the inventory increasing by 15 as the pending sales decreased by 5.  The distress sales (short sales and bank owned foreclosures) continues to impact our market as it now represents 16.9% of the Available inventory and 60.7% of the Pending sales.  There has been an increase in the number of equity listings coming on the market.  The short sales that are pending continues to pile up.

There were 15 new sales this past week for a total of 210 sales YTD.  The sales ranged from a low of $91,980 to $1,545000.  All of the sales were below $300,000 with the exception of two.  These sales were on Chiapa for $605,000 and a lakefront on Balbijou on $1,545,000.  The average days on market are 158 days.

Listings per Status

Area Market Survey Summary Listings as of 05/17/12 at 8:05am Active Listing Price Range Quantity Average DOM $60,000 thru $69,999 1 8 $80,000 thru $89,999 1 24 $90,000 thru $99,999 1 19 $100,000 thru $119,999 5 250 $120,000 thru $139,999 8 74 $140,000 thru $159,999 12 98 $160,000 thru $179,999 13 262 $180,000 thru $199,999 11 87 $200,000 thru $249,999 19 194 $250,000 thru $299,999 32 195 $300,000 thru $349,999 12 190 $350,000 thru $399,999 26 80 $400,000 thru $449,999 21 183 $450,000 thru $499,999 18 283 $500,000 thru $549,999 11 157 $550,000 thru $599,999 13 195 $600,000 thru $649,999 5 87 $650,000 thru $699,999 12 90 $700,000 thru $749,999 1 370 $750,000 thru $799,999 3 26 $800,000 thru $849,999 1 636 $850,000 thru $899,999 6 191 $900,000 thru $949,999 1 7 $950,000 thru $999,999 3 537 $1,000,000 thru $1,249,999 1 6 $1,250,000 thru $1,499,999 10 306 $1,500,000 thru $1,749,999 1 237 $1,750,000 thru $1,999,999 1 773 $2,000,000 thru $2,249,999 1 95 $2,750,000 thru $2,999,999 2 63 $3,250,000 thru $3,499,999 1 232 $4,250,000 thru $4,499,999 1 495   254 178   Summary Price Information Minimum $65,000 Maximum $4,350,000 Average $490,539 Median $369,000 Pending Listing Price Range Quantity Average DOM $60,000 thru $69,999 2 170 $70,000 thru $79,999 1 23 $90,000 thru $99,999 1 278 $100,000 thru $119,999 8 99 $120,000 thru $139,999 4 156 $140,000 thru $159,999 6 140 $160,000 thru $179,999 13 143 $180,000 thru $199,999 18 143 $200,000 thru $249,999 30 106 $250,000 thru $299,999 17 202 $300,000 thru $349,999 14 133 $350,000 thru $399,999 15 171 $400,000 thru $449,999 11 131 $450,000 thru $499,999 5 46 $500,000 thru $549,999 4 195 $550,000 thru $599,999 3 261 $600,000 thru $649,999 2 131 $750,000 thru $799,999 1 379 $800,000 thru $849,999 1 94 $850,000 thru $899,999 1 7 $900,000 thru $949,999 2 426 $1,000,000 thru $1,249,999 1 179 $1,250,000 thru $1,499,999 1 254 $1,500,000 thru $1,749,999 1 157 $3,250,000 thru $3,499,999 1 468   163 149   Summary Price Information Minimum $60,000 Maximum $3,395,000 Average $333,313 Median $249,900 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 05/17/12 at 8:05am Sold Selling Price Range Quantity Average DOM $30,000 thru $39,999 1 181 $40,000 thru $49,999 1 30 $50,000 thru $59,999 2 149 $70,000 thru $79,999 1 41 $80,000 thru $89,999 4 152 $90,000 thru $99,999 5 163 $100,000 thru $119,999 12 173 $120,000 thru $139,999 23 119 $140,000 thru $159,999 25 139 $160,000 thru $179,999 24 171 $180,000 thru $199,999 17 161 $200,000 thru $249,999 50 143 $250,000 thru $299,999 24 153 $300,000 thru $349,999 23 151 $350,000 thru $399,999 21 143 $400,000 thru $449,999 18 183 $450,000 thru $499,999 10 176 $500,000 thru $549,999 5 283 $550,000 thru $599,999 7 125 $600,000 thru $649,999 6 363 $650,000 thru $699,999 1 146 $700,000 thru $749,999 2 118 $750,000 thru $799,999 1 385 $800,000 thru $849,999 1 161 $900,000 thru $949,999 2 136 $950,000 thru $999,999 1 199 $1,000,000 thru $1,249,999 2 161 $1,250,000 thru $1,499,999 2 199 $1,500,000 thru $1,749,999 1 30 $2,500,000 thru $2,749,999 2 212   294 158   Summary Price Information Minimum $35,000 Maximum $2,720,000 Average $306,933 Median $225,500 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

Next Page »