Lake Tahoe Home Sale Weekly Report for the Nevada East Shore 1/16/15

January 16, 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 Lake Tahoe home sales in the Stateline, Nevada area are at about the same pace as last year!  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 .3% to show that 13.1% of the available inventory are now pending sales in escrow.  This is due to the number of available Lake Tahoe homes for sale increasing by 3 as the pending sales increased by 1.  Last year at this time there were 19 pending sales and this year we are at 20.  There are no bank owned foreclosures but 5 short sales currently on the market.  The distress sales now represent 3.8% of the available inventory and 15% of the pending sales.

There were 3 completed sales for a YTD total of 4 sales.  The sales were on Bonnie Court for $2.8 million, Tallac St for $2,299,000 and The Back Road for $3.8 million.  The high end sales helped to increase the 6 month average sales price by 6.9% to $995,136.  The average days on market are 180 days. For more information, contact your local Lake Tahoe real estate agent, Jim Wire at 530-543-8101 or email jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report for 1/15/15

January 15, 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 South Lake Tahoe home sales are off to a slower start this year!  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% to show that 21.7% of the the available homes for sale are now pending sales in escrow.  This is due to the number of available homes decreased by 3 as the pending sales decreased by 4.  Last year at this time the Market Activity Ratio was at 28.3% with 13 more pending sales.  There are now 4 bank owned foreclosures and 1 short sale available on the market.  The distress sales now represent 2.6% of the available inventory and 14.8% of the pending sales.

There were 11 completed sales this past week for a YTD total of 19 sales.  The lowest sale was on Heather Lake Rd for $195,000.  There were no sales above $405,000.  The top three sales were on Regina Rd for $385,000, Egret Way for $398,475 and Aztec Way for $405,000.  This had decreased the six month average sales price by .8% to $430,136.  The average days on market are 114 days.  For more information, call your local South Lake Tahoe real estate agent, Jim Wire at 530-543-8101 or email jim@hotwiretotahoe.com.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 01/15/15 at 8:00pm
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 69
$140,000 thru $159,999 1 173
$160,000 thru $179,999 4 153
$180,000 thru $199,999 6 165
$200,000 thru $249,999 13 123
$250,000 thru $299,999 21 98
$300,000 thru $349,999 25 117
$350,000 thru $399,999 24 128
$400,000 thru $449,999 11 163
$450,000 thru $499,999 10 147
$500,000 thru $549,999 8 171
$550,000 thru $599,999 9 158
$600,000 thru $649,999 5 82
$650,000 thru $699,999 8 170
$700,000 thru $749,999 4 38
$750,000 thru $799,999 9 290
$800,000 thru $849,999 2 93
$850,000 thru $899,999 4 81
$900,000 thru $949,999 3 109
$950,000 thru $999,999 2 117
$1,000,000 thru $1,249,999 4 242
$1,250,000 thru $1,499,999 10 192
$1,500,000 thru $1,749,999 2 430
$1,750,000 thru $1,999,999 3 430
$2,000,000 thru $2,249,999 1 237
$2,250,000 thru $2,499,999 1 198
$2,750,000 thru $2,999,999 1 202
$3,250,000 thru $3,499,999 1 173
$3,500,000 thru $3,749,999 1 124
$10,000,000 or More 1 131
195 150
Summary Price Information
Minimum $115,900 Maximum $11,500,000
Average $661,203 Median $415,000
Pending
Listing Price Range Quantity Average DOM
$160,000 thru $179,999 3 193
$180,000 thru $199,999 3 140
$200,000 thru $249,999 3 196
$250,000 thru $299,999 13 135
$300,000 thru $349,999 4 57
$350,000 thru $399,999 7 129
$400,000 thru $449,999 6 108
$450,000 thru $499,999 1 241
$500,000 thru $549,999 1 164
$550,000 thru $599,999 2 306
$600,000 thru $649,999 4 135
$650,000 thru $699,999 2 227
$700,000 thru $749,999 2 181
$800,000 thru $849,999 1 304
$1,250,000 thru $1,499,999 1 31
$2,500,000 thru $2,749,999 1 172
54 148
Summary Price Information
Minimum $167,000 Maximum $2,660,000
Average $450,779 Median $354,950
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 01/15/15 at 8:00pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 2 87
$120,000 thru $139,999 3 169
$140,000 thru $159,999 6 136
$160,000 thru $179,999 8 117
$180,000 thru $199,999 9 91
$200,000 thru $249,999 30 107
$250,000 thru $299,999 71 109
$300,000 thru $349,999 56 95
$350,000 thru $399,999 47 101
$400,000 thru $449,999 23 103
$450,000 thru $499,999 31 106
$500,000 thru $549,999 17 121
$550,000 thru $599,999 18 141
$600,000 thru $649,999 9 171
$650,000 thru $699,999 11 115
$700,000 thru $749,999 3 154
$750,000 thru $799,999 5 57
$800,000 thru $849,999 2 203
$850,000 thru $899,999 3 151
$900,000 thru $949,999 2 160
$1,000,000 thru $1,249,999 6 250
$1,500,000 thru $1,749,999 1 41
$1,750,000 thru $1,999,999 1 456
$2,750,000 thru $2,999,999 1 118
$3,500,000 thru $3,749,999 1 500
$5,000,000 thru $5,999,999 1 49
367 114
Summary Price Information
Minimum $105,000 Maximum $5,750,000
Average $430,136 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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Home Sale Weekly Report for the Nevada East Shore 1/9/15

January 9, 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 Lake Tahoe home sales on the east shore of Nevada are off to a slower start!  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 has decreased by .2% to show that 12.8% of the available homes for sale are now pending sales in escrow.  This is due to the number of Lake Tahoe homes for sale decreasing by 4 as the pending sales decreased by 1.  There are no bank owned foreclosures but 6 short sales currently available on the market.  The distress sales now represent 4.6% of the available inventory and 10.5% of the pending sales.

There is one completed sale for the new year!  The sale was on Kingsbury Circle for $900,000.  This had decreased the 6 month average sales price by .6% to $931,266.  The average days on market are 177 days.  For more information, contact your local Lake Tahoe real estate agent, Jim Wire, 530-543-8101 or email to jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report for 1/9/14

January 9, 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 South Lake Tahoe Home Sales are off to a good start for the new year!  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 1.4% to show that 22.7% of the available homes on the market are now pending sales in escrow.  This is due to the number of available South Lake Tahoe homes for sale increasing by 1 as the pending sales increased by 5.  There 3 bank owned foreclosures and 1 short sale currently on the market.  The distress sales now represent 15.5% of the available inventory.

There were 8 completed sales since the new year!  The lowest sale was on Osborne Ave for $159,500. The top three sales were on Cree St for $589.000, Oglala St for $595,000 and Meadow Rd for $650,000.  This had decreased the 6 month average sales price by 1.1% to $433,798.  The average days on market are 112 days.  For more information, contact your local South Lake Tahoe real estate agent, Jim Wire, 530-543-8101 or email to hotwiretotahoe.com.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 01/09/15 at 8:47am
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 63
$160,000 thru $179,999 4 201
$180,000 thru $199,999 8 128
$200,000 thru $249,999 14 123
$250,000 thru $299,999 22 87
$300,000 thru $349,999 27 122
$350,000 thru $399,999 20 144
$400,000 thru $449,999 11 157
$450,000 thru $499,999 11 150
$500,000 thru $549,999 8 165
$550,000 thru $599,999 9 152
$600,000 thru $649,999 6 96
$650,000 thru $699,999 8 158
$700,000 thru $749,999 5 52
$750,000 thru $799,999 9 284
$800,000 thru $849,999 1 28
$850,000 thru $899,999 4 113
$900,000 thru $949,999 3 103
$950,000 thru $999,999 2 111
$1,000,000 thru $1,249,999 4 236
$1,250,000 thru $1,499,999 10 186
$1,500,000 thru $1,749,999 2 424
$1,750,000 thru $1,999,999 3 424
$2,000,000 thru $2,249,999 1 231
$2,250,000 thru $2,499,999 1 192
$2,750,000 thru $2,999,999 1 196
$3,250,000 thru $3,499,999 1 167
$3,500,000 thru $3,749,999 1 118
$10,000,000 or More 1 125
198 148
Summary Price Information
Minimum $115,900 Maximum $11,500,000
Average $655,766 Median $419,500
Pending
Listing Price Range Quantity Average DOM
$140,000 thru $159,999 1 167
$160,000 thru $179,999 3 187
$180,000 thru $199,999 2 125
$200,000 thru $249,999 2 189
$250,000 thru $299,999 15 120
$300,000 thru $349,999 5 74
$350,000 thru $399,999 10 132
$400,000 thru $449,999 8 109
$500,000 thru $549,999 1 158
$550,000 thru $599,999 2 300
$600,000 thru $649,999 3 107
$650,000 thru $699,999 1 356
$700,000 thru $749,999 2 175
$800,000 thru $849,999 1 298
$1,250,000 thru $1,499,999 1 25
$2,500,000 thru $2,749,999 1 166
58 138
Summary Price Information
Minimum $149,900 Maximum $2,660,000
Average $432,220 Median $351,950
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 01/09/15 at 8:47am
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 2 87
$120,000 thru $139,999 3 169
$140,000 thru $159,999 6 136
$160,000 thru $179,999 8 117
$180,000 thru $199,999 8 85
$200,000 thru $249,999 29 94
$250,000 thru $299,999 70 110
$300,000 thru $349,999 57 93
$350,000 thru $399,999 45 98
$400,000 thru $449,999 23 105
$450,000 thru $499,999 31 106
$500,000 thru $549,999 17 121
$550,000 thru $599,999 20 131
$600,000 thru $649,999 9 171
$650,000 thru $699,999 11 115
$700,000 thru $749,999 3 154
$750,000 thru $799,999 5 57
$800,000 thru $849,999 2 203
$850,000 thru $899,999 4 129
$900,000 thru $949,999 2 160
$1,000,000 thru $1,249,999 6 250
$1,500,000 thru $1,749,999 1 41
$1,750,000 thru $1,999,999 1 456
$2,750,000 thru $2,999,999 1 118
$3,500,000 thru $3,749,999 1 500
$5,000,000 thru $5,999,999 1 49
366 112
Summary Price Information
Minimum $105,000 Maximum $5,750,000
Average $433,798 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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Home Sale Weekly Report for the Nevada East Shore 12/31/14

January 2, 2015

What you are looking at beloware 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.

High end sales marked the end of the year for the Lake Tahoe home sales 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 on the market and the pending sales.  This past week the Market Activity Ratio had decreased by 1.4% to show that 13% of the available homes for sale are now pending sales in escrow.  This is due to the number of Lake Tahoe homes for sale decreasing by 3 as the number of pending sales decreased by 3.  There are no bank owned foreclosures on the market but there are 5 short sales currently available.  The distress sales now represent 10% of the available inventory.  Compared to 2013, the inventory is approximately 6% higher this year and the pending sales are 9% lower this year.

There were 2 completed sales this past week.  The total number of home sales for the year 2014 are 206 sales.  This is down by 6% from 2013.  The sales were on Hillcrest for $1,445,000 and a lake front on Lakeshore Blvd for $4,000,000.  This had dramatically increased the 6 month average sales price by 4.7% to $936,468.  This is up by 8.7% from the previous year at this time.  The average days on market are 177 days.  Overall there were less sales this past year at higher prices.  If the inventory continues to remain high with the demand about the same, we could see sales and values flatten for the upcoming year.  For more information regarding the home sale market, contact your local Lake Tahoe real estate agent, Jim Wire at 530-543-8101 or email jim@hotwiretotahoe.com.

Next Page »