Lake Tahoe Home Sale Weekly Report for the Nevada East Shore 9/25/14

September 25, 2014

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 home sale market in Lake Tahoe on the Nevada east shore has spiked!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes on the market and the pending sales.  This past week the Market Activity Ratio had increased by 2.5% to show that 18.3% of the available Lake Tahoe homes for sale are pending sales in escrow.  This is due to the number of homes for sale in Lake Tahoe decreasing by 9 as the pending sales increased by 4.  There is 1 bank owned foreclosure and 4 short sales currently on the market.  The distress sales now represent 2.5% of the available inventory and 13.9% of the pending sales.

This past week there were 6 completed sales for a YTD total of 149 sales.  The lowest sale was a townhome on South Benjamin for $175,000.  The top three sales were on ASpen Way for $431,870, Devaux for $580,000 an Cedar Ridge Dr for $1,650,000.  This had increased the 6 month average sales by 2% to $1,053,565.  The average days on market are 156 days.

South Lake Tahoe Home Sale Weekly Report 9/25/14

September 25, 2014

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.

South Lake Tahoe home sales has continued to be robust!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of South Lake Tahoe homes for sale and the pending sales.  This past week the Market Activity Ratio had increased by 1.2% to show that 24.4% of the available homes for sale are now pending sales in escrow.  This is due to the number of homes diminishing for the second consecutive week  by 5 as the pending sales increased by 5.  There are now 4 bank owned foreclosures and 2 short sales currently available.  The distress sales now represent 1.8% of the available inventory and 10.1% of the pending sales.

This past week there were 13 completed sales for a YTD total of 464 sales.  The lowest sale was a condo in Lake Village for $234,000.  The majority of sales were below$385,000.  The top three sales were on Columbine Tr for $490,000,  Jacarillo Tr for $505,000 and Lone Indian Tr for $530,000.  This had resulted in a decrease in the 6 month average sales price by .6% to $425,894.  The average days on market are 107 days.  For more market information, contact your South Lake Tahoe real estate agent, Jim Wire 530-314-9008.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 09/25/14 at 6:55pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 43
$120,000 thru $139,999 3 64
$140,000 thru $159,999 3 86
$160,000 thru $179,999 6 184
$180,000 thru $199,999 8 105
$200,000 thru $249,999 16 100
$250,000 thru $299,999 33 97
$300,000 thru $349,999 39 105
$350,000 thru $399,999 40 101
$400,000 thru $449,999 29 133
$450,000 thru $499,999 21 102
$500,000 thru $549,999 15 116
$550,000 thru $599,999 17 100
$600,000 thru $649,999 13 81
$650,000 thru $699,999 17 116
$700,000 thru $749,999 2 110
$750,000 thru $799,999 10 226
$800,000 thru $849,999 4 96
$850,000 thru $899,999 4 305
$900,000 thru $949,999 2 52
$950,000 thru $999,999 7 79
$1,000,000 thru $1,249,999 6 153
$1,250,000 thru $1,499,999 12 124
$1,500,000 thru $1,749,999 4 342
$1,750,000 thru $1,999,999 3 338
$2,000,000 thru $2,249,999 1 125
$2,250,000 thru $2,499,999 1 84
$2,500,000 thru $2,749,999 2 153
$3,000,000 thru $3,249,999 1 90
$3,250,000 thru $3,499,999 1 62
$3,500,000 thru $3,749,999 1 11
$10,000,000 or More 1 15
323 118
Summary Price Information
Minimum $47,000 Maximum $11,500,000
Average $609,534 Median $435,000
Pending
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 111
$140,000 thru $159,999 2 132
$160,000 thru $179,999 1 61
$180,000 thru $199,999 2 82
$200,000 thru $249,999 7 84
$250,000 thru $299,999 15 81
$300,000 thru $349,999 20 95
$350,000 thru $399,999 14 81
$400,000 thru $449,999 8 123
$450,000 thru $499,999 7 89
$500,000 thru $549,999 6 123
$550,000 thru $599,999 5 62
$600,000 thru $649,999 5 75
$650,000 thru $699,999 4 90
$700,000 thru $749,999 2 166
$800,000 thru $849,999 1 2
$900,000 thru $949,999 1 106
$950,000 thru $999,999 1 123
$1,000,000 thru $1,249,999 1 99
$3,250,000 thru $3,499,999 1 93
104 92
Summary Price Information
Minimum $119,000 Maximum $3,295,000
Average $443,155 Median $372,000
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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 09/25/14 at 6:55pm
Sold
Selling Price Range Quantity Average DOM
$80,000 thru $89,999 1 60
$100,000 thru $119,999 2 169
$120,000 thru $139,999 3 115
$140,000 thru $159,999 3 180
$160,000 thru $179,999 10 131
$180,000 thru $199,999 11 116
$200,000 thru $249,999 51 81
$250,000 thru $299,999 53 81
$300,000 thru $349,999 50 92
$350,000 thru $399,999 34 80
$400,000 thru $449,999 23 171
$450,000 thru $499,999 23 99
$500,000 thru $549,999 20 148
$550,000 thru $599,999 16 122
$600,000 thru $649,999 6 123
$650,000 thru $699,999 9 142
$700,000 thru $749,999 8 113
$750,000 thru $799,999 6 80
$800,000 thru $849,999 1 350
$850,000 thru $899,999 3 135
$900,000 thru $949,999 1 98
$1,000,000 thru $1,249,999 3 114
$1,250,000 thru $1,499,999 4 145
$1,750,000 thru $1,999,999 1 454
$2,000,000 thru $2,249,999 1 0
$3,500,000 thru $3,749,999 1 500
$5,000,000 thru $5,999,999 1 48
345 107
Summary Price Information
Minimum $87,500 Maximum $5,750,000
Average $425,894 Median $335,000
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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Home Sale Report for the Nevada East Shore 9/17/14

September 17, 2014

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 after summer Lake Tahoe homes sales on the east shore of Nevada is remaining steady!  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 .6% to show that 15.8% of the available homes for sale are pending sales in escrow.  This is due to the number of homes for sale in Lake Tahoe Nevada decreasing by 3 as the pending sales increased by 1.  There is 1 bank owned foreclosure and 3 short sales available on the market.  The distress sales represent 2.4% of the available inventory and 15.6% of the pending sales.

There were completed sales this past week for a YTD total of 143 sales.  The sales was a townhome on Tramway for $355,000 and two single family homes on Lyons Ave for $420,000 and Winding Way for $995,000.  This had decreased the 6 month average sales price by .5% to $1,075,136.  The average days on market are 155 days.  For more information, contact your Lake Tahoe real estate agent, Jim Wire, cell 530-314-9008.

South Lake Tahoe Home Sale Weekly Report 9/17/14

September 17, 2014

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 summer homes sales in South Lake Tahoe has not fallen off yet!  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 .4% to show that 23.2% of the available homes for sale are now pending sales in escrow.  This is due to the number of South Lake Tahoe homes for sale had decreased by 5 as the pending sales decreased by 5.  There are 4 bank owned foreclosures and 2 short sales currently on the market.  The distress sales represent 1.8% of the available inventory and the 10.1% of the pending sales.

There were 17 completed sales this past week for a YTD total of 451 sales.  The lowest sale was a condo on Terry Ln for $159,000.  The majority of the sales were below $390,000.  The top three sales were on Lupine Tr for $440,000, Guadalupe St for $500,000 and Beach Dr for $3,579,900.  Despite the huge lakefront sale on Beach Dr, the 6 month average sales price decreased by 1.7% to $428,514.  The average days on market are 109 days.  For more information, contact your South Lake Tahoe real estate agent, Jim Wire, cell 530-314-9008.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 09/17/14 at 7:10pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 35
$120,000 thru $139,999 3 56
$140,000 thru $159,999 3 126
$160,000 thru $179,999 7 158
$180,000 thru $199,999 8 107
$200,000 thru $249,999 16 117
$250,000 thru $299,999 37 93
$300,000 thru $349,999 32 109
$350,000 thru $399,999 43 100
$400,000 thru $449,999 28 139
$450,000 thru $499,999 23 95
$500,000 thru $549,999 16 107
$550,000 thru $599,999 18 89
$600,000 thru $649,999 10 82
$650,000 thru $699,999 19 108
$700,000 thru $749,999 2 111
$750,000 thru $799,999 10 218
$800,000 thru $849,999 5 71
$850,000 thru $899,999 4 297
$900,000 thru $949,999 2 44
$950,000 thru $999,999 7 71
$1,000,000 thru $1,249,999 6 145
$1,250,000 thru $1,499,999 12 116
$1,500,000 thru $1,749,999 4 334
$1,750,000 thru $1,999,999 3 330
$2,000,000 thru $2,249,999 1 117
$2,250,000 thru $2,499,999 1 76
$2,500,000 thru $2,749,999 2 145
$3,000,000 thru $3,249,999 1 82
$3,250,000 thru $3,499,999 2 70
$3,500,000 thru $3,749,999 1 3
$10,000,000 or More 1 7
328 115
Summary Price Information
Minimum $47,000 Maximum $11,500,000
Average $616,668 Median $439,000
Pending
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 103
$140,000 thru $159,999 1 103
$180,000 thru $199,999 2 126
$200,000 thru $249,999 6 53
$250,000 thru $299,999 14 75
$300,000 thru $349,999 24 103
$350,000 thru $399,999 13 80
$400,000 thru $449,999 6 113
$450,000 thru $499,999 7 81
$500,000 thru $549,999 8 120
$550,000 thru $599,999 4 58
$600,000 thru $649,999 5 67
$650,000 thru $699,999 3 89
$700,000 thru $749,999 2 158
$900,000 thru $949,999 1 98
$950,000 thru $999,999 1 115
$1,000,000 thru $1,249,999 1 91
99 91
Summary Price Information
Minimum $119,000 Maximum $1,200,000
Average $414,465 Median $369,000
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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 09/17/14 at 7:10pm
Sold
Selling Price Range Quantity Average DOM
$80,000 thru $89,999 1 60
$100,000 thru $119,999 3 316
$120,000 thru $139,999 3 115
$140,000 thru $159,999 3 180
$160,000 thru $179,999 9 125
$180,000 thru $199,999 11 116
$200,000 thru $249,999 51 84
$250,000 thru $299,999 52 77
$300,000 thru $349,999 48 88
$350,000 thru $399,999 32 79
$400,000 thru $449,999 24 165
$450,000 thru $499,999 23 96
$500,000 thru $549,999 20 154
$550,000 thru $599,999 18 128
$600,000 thru $649,999 7 143
$650,000 thru $699,999 9 142
$700,000 thru $749,999 8 113
$750,000 thru $799,999 6 80
$800,000 thru $849,999 1 350
$850,000 thru $899,999 3 135
$900,000 thru $949,999 1 98
$1,000,000 thru $1,249,999 3 114
$1,250,000 thru $1,499,999 4 145
$1,750,000 thru $1,999,999 1 454
$2,000,000 thru $2,249,999 1 0
$3,500,000 thru $3,749,999 1 500
$5,000,000 thru $5,999,999 1 48
344 109
Summary Price Information
Minimum $87,500 Maximum $5,750,000
Average $428,514 Median $340,000
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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Home Sale Report for Nevada East Shore 9/12/14

September 12, 2014

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 Lake Tahoe homes sales on the Nevada east shore are maintaining the summer pace!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes on the market and the pending sales.  This past week the Market Activity Ratio had decreased by .3% to show that 15.2% of the available homes are pending sales in escrow.  This is due to the number of Lake Tahoe homes for sale decreasing by 2 as the pending sales decreased by 1.  There is 1 bank owned foreclosure and 4 short sales on the market.  The distress sales now represent 2.9% of the available inventory and 12.9% of the pending sales.

There were 4 completed sales for a YTD total of 140 sales.  The lowest sale was a townhome on Gold Hill for $287,000.  The other sales were on North Bowl for $425,000, Kent Ct for $498,000 and Cedar Ridge for $1,402,555.  This was enough to increase the 6 month average sales price by 1.6% to $1,080,840.  The average days on market are $157 days.  For more information about the market, contact your Lake Tahoe real estate agent, Jim Wire, cell 530-314-9008.

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