Lake Tahoe Home Sale Weekly Report for the Nevada East Shore 5/22/15Tr

May 22, 2015

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 slow rise in the number of homes for sale in Lake Tahoe on the Nevada east shore! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had decreased by 1.3% to show that 15.2% of the available homes for sale are now pending sales in escrow. This is due to the number of homes for sale increasing by 4 as the pending sales decreased by 2. There is now 1 bank owned foreclosure and 2 short sales currently on the market. The distress sales now represent 2% of the available inventory and 25.9% of the pending sales.

There were 5 completed sales this past week for a Year-To-Date total of 52 sales. The lowest sale was a townhome on Tramway for $175,000. the top three sales were on a couple of townhomes on Gold Hill for $255,000, Lake Village Dr for $435,000 and a single family home on Ute Way for $884,000. This had decreased the 6 month average sales price by 1.9% to $1,126,462. The average days on market are 198 days. For more information regarding the local market, contact your local Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report for 5/22/15

May 22, 2015

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.

Home sales in the South Lake Tahoe area has caught up to the rising inventory this past week. To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had increased by 1.6% to show that 22.9% of the available sales are now pending sales in escrow. This is due to the number of homes for sale in South Lake Tahoe increasing by 10 as the pending sales increased by 11. There are now 2 bank owned foreclosures and 6 short sales available on the market. The distress sales now represent 2.5% of the inventory and 12.8% of the pending sales.

There were 5 completed sales this past week for a Year-To-Date total of 203 sales. There was only one sale below $500,000 which was on Pinter Ave for $265,000. The top three sales were on Pine Hill Rd for $592,000, Chiapa Dr for $755,000 and Hobart Rd for $789,500. This had increased the 6 month average sales price by .3% to $438,766. The average days on market are 124 days. For more information, contact your local South Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

Listings per Status

Area Market Survey
Summary

Listings as of 05/22/15 at 8:17am
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 184
$100,000 thru $119,999 1 195
$120,000 thru $139,999 1 15
$140,000 thru $159,999 3 56
$160,000 thru $179,999 7 64
$180,000 thru $199,999 13 174
$200,000 thru $249,999 13 166
$250,000 thru $299,999 36 56
$300,000 thru $349,999 39 94
$350,000 thru $399,999 31 108
$400,000 thru $449,999 19 72
$450,000 thru $499,999 24 116
$500,000 thru $549,999 16 75
$550,000 thru $599,999 20 78
$600,000 thru $649,999 7 53
$650,000 thru $699,999 21 99
$700,000 thru $749,999 2 12
$750,000 thru $799,999 5 229
$800,000 thru $849,999 7 61
$850,000 thru $899,999 7 134
$900,000 thru $949,999 2 53
$950,000 thru $999,999 10 96
$1,000,000 thru $1,249,999 10 73
$1,250,000 thru $1,499,999 13 123
$1,500,000 thru $1,749,999 2 68
$1,750,000 thru $1,999,999 3 242
$2,000,000 thru $2,249,999 1 364
$2,750,000 thru $2,999,999 1 329
$8,000,000 thru $8,999,999 1 258
316 100
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $577,429 Median $439,000
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 2 80
$140,000 thru $159,999 1 28
$160,000 thru $179,999 2 45
$180,000 thru $199,999 4 103
$200,000 thru $249,999 6 72
$250,000 thru $299,999 15 147
$300,000 thru $349,999 16 81
$350,000 thru $399,999 8 39
$400,000 thru $449,999 8 61
$450,000 thru $499,999 5 206
$500,000 thru $549,999 4 132
$550,000 thru $599,999 10 59
$600,000 thru $649,999 2 47
$650,000 thru $699,999 2 182
$700,000 thru $749,999 1 450
$750,000 thru $799,999 2 80
$900,000 thru $949,999 1 66
$1,000,000 thru $1,249,999 1 58
$2,000,000 thru $2,249,999 2 33
$2,250,000 thru $2,499,999 1 52
$3,500,000 thru $3,749,999 1 251
94 97
Summary Price Information
Minimum $130,000 Maximum $3,500,000
Average $492,388 Median $354,500
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 05/22/15 at 8:17am
Sold
Selling Price Range Quantity Average DOM
$120,000 thru $139,999 1 213
$140,000 thru $159,999 5 159
$160,000 thru $179,999 8 118
$180,000 thru $199,999 5 113
$200,000 thru $249,999 14 171
$250,000 thru $299,999 55 132
$300,000 thru $349,999 39 102
$350,000 thru $399,999 28 110
$400,000 thru $449,999 25 129
$450,000 thru $499,999 16 101
$500,000 thru $549,999 8 171
$550,000 thru $599,999 14 103
$600,000 thru $649,999 7 127
$650,000 thru $699,999 13 79
$700,000 thru $749,999 7 146
$750,000 thru $799,999 8 144
$850,000 thru $899,999 2 137
$900,000 thru $949,999 2 134
$1,000,000 thru $1,249,999 4 211
$1,250,000 thru $1,499,999 2 63
$1,500,000 thru $1,749,999 3 166
$2,500,000 thru $2,749,999 1 173
267 124
Summary Price Information
Minimum $139,000 Maximum $2,557,000
Average $438,766 Median $359,000
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Home Sale Weekly Report for Nevada East Shore 5/14/15

May 14, 2015

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.

Home sales have been increasing on the Nevada east shore of Lake Tahoe but the inventory continues to remain stable! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had increased by 1.5% to show that 16.5% of the available homes for sale are now pending sales in escrow. This is due to the number of Lake Tahoe homes for sale remaining the same as the pending sales increased by 3. There is 1 bank owned foreclosure and 2 short sales currently on the market. The distress sales now represent 2% of the available homes for sale and 24.1% of the pending sales.

This past week there were 2 completed sales for a Year-To-Date total of 47 sales. The sales were a couple of townhomes. One was on Tramway for $219,000 and the other was in Pinewild on the lake for $1,404,000. This had increased the 6 month sales price by 2.2% to $1,147,974. The average days on market are 200 days. For more information, contact your local Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report for 5/14/15

May 14, 2015

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 number of homes for sale in South Lake Tahoe shot up dramatically this past week with homes sales only up slightly! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had decreased by .2% to show that 21.3% of the available homes for sale are now pending sales in escrow. This is due to the number of homes for sale increasing by 18 as the pending sales increased by 4. There is now 1 bank owned foreclosure and 4 short sales currently on the market. The distress sales now represent 1.6% of the available inventory and 13.3% of the pending sales.

This past week there were 15 completed sales for a Year-To-Date total of 198 sales. The lowest sale was a condo on Emerald Bay Rd for $160,000. The majority of the sales occurred over $400,000. The top three sales were on Eloise Ave for $763,000, and two homes on Overlook Ct for $855,000 and the other sold for $1,500,000. This had increased the 6 month average sales price by 1.5% to $437,245. The average days on market are 125 days. For more information, contact your local South Lake Tahoe real estate agent, Jim Wire, call 530-314-9008 or email to jim@hotwiretotahoe.com.

Listings per Status

Area Market Survey
Summary

Listings as of 05/14/15 at 7:46pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 176
$100,000 thru $119,999 1 187
$120,000 thru $139,999 2 22
$140,000 thru $159,999 3 48
$160,000 thru $179,999 7 122
$180,000 thru $199,999 14 129
$200,000 thru $249,999 13 175
$250,000 thru $299,999 40 61
$300,000 thru $349,999 36 75
$350,000 thru $399,999 32 136
$400,000 thru $449,999 16 77
$450,000 thru $499,999 22 118
$500,000 thru $549,999 15 72
$550,000 thru $599,999 19 74
$600,000 thru $649,999 6 53
$650,000 thru $699,999 18 107
$700,000 thru $749,999 1 11
$750,000 thru $799,999 6 188
$800,000 thru $849,999 6 62
$850,000 thru $899,999 6 148
$900,000 thru $949,999 2 45
$950,000 thru $999,999 10 88
$1,000,000 thru $1,249,999 10 65
$1,250,000 thru $1,499,999 12 125
$1,500,000 thru $1,749,999 2 60
$1,750,000 thru $1,999,999 3 234
$2,000,000 thru $2,249,999 2 190
$2,750,000 thru $2,999,999 1 321
$8,000,000 thru $8,999,999 1 250
307 100
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $573,243 Median $419,000
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 107
$140,000 thru $159,999 1 20
$160,000 thru $179,999 2 37
$180,000 thru $199,999 3 150
$200,000 thru $249,999 5 63
$250,000 thru $299,999 10 136
$300,000 thru $349,999 11 54
$350,000 thru $399,999 8 31
$400,000 thru $449,999 8 53
$450,000 thru $499,999 6 184
$500,000 thru $549,999 4 124
$550,000 thru $599,999 10 51
$600,000 thru $649,999 3 42
$650,000 thru $699,999 2 174
$700,000 thru $749,999 2 242
$750,000 thru $799,999 1 119
$800,000 thru $849,999 1 45
$900,000 thru $949,999 1 58
$1,000,000 thru $1,249,999 1 50
$2,000,000 thru $2,249,999 1 25
$2,250,000 thru $2,499,999 1 44
$3,500,000 thru $3,749,999 1 243
83 87
Summary Price Information
Minimum $130,000 Maximum $3,500,000
Average $511,938 Median $409,000
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 05/14/15 at 7:46pm
Sold
Selling Price Range Quantity Average DOM
$120,000 thru $139,999 1 213
$140,000 thru $159,999 5 159
$160,000 thru $179,999 8 118
$180,000 thru $199,999 5 104
$200,000 thru $249,999 15 167
$250,000 thru $299,999 57 131
$300,000 thru $349,999 42 99
$350,000 thru $399,999 30 110
$400,000 thru $449,999 27 124
$450,000 thru $499,999 18 106
$500,000 thru $549,999 10 151
$550,000 thru $599,999 14 121
$600,000 thru $649,999 9 162
$650,000 thru $699,999 13 79
$700,000 thru $749,999 7 146
$750,000 thru $799,999 6 177
$850,000 thru $899,999 2 137
$900,000 thru $949,999 2 134
$1,000,000 thru $1,249,999 5 205
$1,250,000 thru $1,499,999 2 63
$1,500,000 thru $1,749,999 3 166
$2,500,000 thru $2,749,999 1 173
282 125
Summary Price Information
Minimum $139,000 Maximum $2,557,000
Average $437,245 Median $359,500
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Home Sale Weekly Report for Nevada East Shore 5/6/15

May 6, 2015

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 selection for Lake Tahoe homes for sale is not rising rather declining! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had increased by 2.3% to show that 15% of the available homes for sale are now pending sales in escrow. This is due to the number of homes for sale decreasing by 4 as the pending sales increased by 4. Compared to last year at this time, the inventory is exactly the same. There are now 2 bank owned foreclosures and 3 short sales available on the market. The distress sales now represent 3.4% of the available inventory and 23.1% of the pending sales.

There were 3 completed sales this past week for a Year-To-Date total of 45 sales. The sales are just 5 short of last year at this time. The sales this past week were a couple of townhomes on Clubhouse Cr for $315,000, Cave Rock for $385,000 and a single family home on Meadow Rd for $3,800,000. This did increase the 6 month average sales price by 2.7% to $1,122,975. Compared to last year the 6 month average at this time is 33.4% higher. The average days on market are 221 days. For more information, contact your local Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

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