Lake Tahoe Home Sale Weekly Report for Nevada East Shore 8/15/14

August 15, 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 homes sales in Lake Tahoe on the Nevada east shore are remaining strong!  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 .9% to show that 17.4% of the available homes for sale are now pending sales in escrow.  This is due to the number of Lake Tahoe homes for sale on the Nevada east shore increasing by 1 as the pending sales decrease by 2.  There is 1 bank owned foreclosure and 4 short sales currently available.  The distress sales now represent 2.9% of the available inventory and 13.9% of the pending sales.

There were 5 completed sales for a YTD total of 119 sales.  The lowest sale was on Juniper for $296,130.  The top three sales were on Daggett Way for $432,000, Lake Shore Blvd for $630,000 and Winding Way for $1,725,000.  This was enough to decrease the 6 month average sales price by 2.2% to $1,063,519.  The average days on market are 119 days.

South Lake Tahoe Home Sale Weekly Report 8/14/14

August 14, 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.

August is proving to be a great month for home sales in South Lake Tahoe!  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 24.3% of the available homes are now pending sales in escrow.  This is the result of the available homes for sale in South Lake Tahoe increasing by 6 as the pending sales increased by 7.  There is 1 bank owned foreclosure and 2 short sales currently on the market.  The distress sales now represent .9% of the available inventory and 11.3% of the pending sales.

There were 14 completed sales this past week for a YTD total of 373 sales.  The lowest sales was a condo on Herbert Ave for $170,000.  Most of the sales were below $462,000.  The top three sales were on Eagle Ln for $525,000, Aztec Way for $572,500 and Venice Dr for $799,000.  This had decreased the 6 month average sales price by .5% to $426,077.  The average days on market are 107 days.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 08/14/14 at 8:35pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 1
$100,000 thru $119,999 1 69
$120,000 thru $139,999 1 107
$140,000 thru $159,999 4 87
$160,000 thru $179,999 6 139
$180,000 thru $199,999 9 96
$200,000 thru $249,999 17 103
$250,000 thru $299,999 37 79
$300,000 thru $349,999 38 93
$350,000 thru $399,999 45 88
$400,000 thru $449,999 24 151
$450,000 thru $499,999 25 93
$500,000 thru $549,999 19 100
$550,000 thru $599,999 14 67
$600,000 thru $649,999 10 69
$650,000 thru $699,999 17 100
$700,000 thru $749,999 4 111
$750,000 thru $799,999 8 175
$800,000 thru $849,999 6 136
$850,000 thru $899,999 3 298
$900,000 thru $949,999 3 81
$950,000 thru $999,999 5 55
$1,000,000 thru $1,249,999 3 192
$1,250,000 thru $1,499,999 15 146
$1,500,000 thru $1,749,999 3 366
$1,750,000 thru $1,999,999 5 230
$2,000,000 thru $2,249,999 1 83
$2,250,000 thru $2,499,999 1 42
$2,500,000 thru $2,749,999 2 111
$3,000,000 thru $3,249,999 2 104
$3,250,000 thru $3,499,999 2 36
331 107
Summary Price Information
Minimum $47,000 Maximum $3,495,000
Average $578,648 Median $419,000
Pending
Listing Price Range Quantity Average DOM
$140,000 thru $159,999 1 69
$160,000 thru $179,999 6 129
$180,000 thru $199,999 1 48
$200,000 thru $249,999 10 65
$250,000 thru $299,999 20 53
$300,000 thru $349,999 17 85
$350,000 thru $399,999 13 94
$400,000 thru $449,999 2 119
$450,000 thru $499,999 8 91
$500,000 thru $549,999 8 120
$550,000 thru $599,999 5 135
$600,000 thru $649,999 2 231
$650,000 thru $699,999 4 105
$700,000 thru $749,999 2 153
$750,000 thru $799,999 1 101
$850,000 thru $899,999 1 349
$900,000 thru $949,999 1 126
$950,000 thru $999,999 1 81
$1,000,000 thru $1,249,999 2 93
$4,500,000 thru $4,749,999 1 468
106 98
Summary Price Information
Minimum $152,000 Maximum $4,700,000
Average $448,471 Median $343,000
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 08/14/14 at 8:35pm
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
$160,000 thru $179,999 11 117
$180,000 thru $199,999 9 119
$200,000 thru $249,999 45 91
$250,000 thru $299,999 44 82
$300,000 thru $349,999 42 90
$350,000 thru $399,999 37 81
$400,000 thru $449,999 22 177
$450,000 thru $499,999 23 101
$500,000 thru $549,999 15 170
$550,000 thru $599,999 17 108
$600,000 thru $649,999 10 143
$650,000 thru $699,999 8 141
$700,000 thru $749,999 6 120
$750,000 thru $799,999 4 88
$850,000 thru $899,999 2 129
$900,000 thru $949,999 1 98
$1,000,000 thru $1,249,999 2 12
$1,250,000 thru $1,499,999 4 145
$2,000,000 thru $2,249,999 1 0
$4,000,000 thru $4,249,999 1 45
$5,000,000 thru $5,999,999 1 48
312 107
Summary Price Information
Minimum $87,500 Maximum $5,750,000
Average $426,077 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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Weekly Home Sales for the Nevada East Shore 8/8/14

August 8, 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 home sales on the East shore of Nevada has continued to be strong!  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 3.8% to show that 18.3% of the available homes for sale are now pending sales in escrow.  This is due to the number of homes for sale increasing by 4 as the pending sales decreased by 3.  There is 1 bank owned and 3 short sales on the market.  The distress sales now represent 2.4% of the available inventory and 15.8% of the pending sales.

There were 8 completed sales this past week for a YTD total of 114 sales.  Most of the sales were below $515,000.  The lowest sale was a home on Andria Dr for $300,000.  The top two sales were on Deer Cliff for $570,600 and Drew Ct for $685,000.  The lower sales had decreased the 6 month average sales price by 3.6% to $1,087,978.  The average days on market are 163 days.  For more information about the market and homes for sale in Lake Tahoe, contact Lake Tahoe real estate agent Jim Wire 530-314-9008.

South Lake Tahoe Home Sale Weekly Report 8/8/14

August 8, 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 South Lake Tahoe home sales are maintaining it’s pace while the supply seems to be leveling.  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 sightly increased by .5% to show that 22.7% of the available homes are now pending sales in escrow.  This is due to the number of homes on the market remaining at the same level as the pending sales increased by 3.  There is one bank owned foreclosure and 2 short sales on the market.  The distress sales now represent 12.1% of the available inventory.

There were 12 completed sales for a YTD total of 359 sales.  All of the sales except for one were below $460,000.  The lowest priced sale was on Albert Ave for $200,000 and the highest priced sale was on Lakeshore Blvd for $875,000.  The sales were still enough to increase the 6 month average sales price by .7% to $428,030.  The average days on market are 110 days.   For more market information and homes for sale, contact your favorite 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 08/08/14 at 10:48am
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 63
$120,000 thru $139,999 1 101
$140,000 thru $159,999 3 78
$160,000 thru $179,999 8 125
$180,000 thru $199,999 8 102
$200,000 thru $249,999 14 113
$250,000 thru $299,999 38 80
$300,000 thru $349,999 42 87
$350,000 thru $399,999 48 90
$400,000 thru $449,999 24 145
$450,000 thru $499,999 21 104
$500,000 thru $549,999 25 101
$550,000 thru $599,999 14 61
$600,000 thru $649,999 7 65
$650,000 thru $699,999 17 99
$700,000 thru $749,999 5 92
$750,000 thru $799,999 8 169
$800,000 thru $849,999 6 130
$850,000 thru $899,999 3 292
$900,000 thru $949,999 3 75
$950,000 thru $999,999 5 49
$1,000,000 thru $1,249,999 3 186
$1,250,000 thru $1,499,999 15 140
$1,500,000 thru $1,749,999 3 360
$1,750,000 thru $1,999,999 5 224
$2,000,000 thru $2,249,999 1 77
$2,250,000 thru $2,499,999 1 36
$2,500,000 thru $2,749,999 2 105
$3,000,000 thru $3,249,999 2 98
$3,250,000 thru $3,499,999 2 30
$4,500,000 thru $4,749,999 1 462
336 106
Summary Price Information
Minimum $119,000 Maximum $4,700,000
Average $590,336 Median $417,000
Pending
Listing Price Range Quantity Average DOM
$140,000 thru $159,999 1 63
$160,000 thru $179,999 6 119
$180,000 thru $199,999 1 42
$200,000 thru $249,999 10 59
$250,000 thru $299,999 17 53
$300,000 thru $349,999 17 91
$350,000 thru $399,999 10 83
$400,000 thru $449,999 2 113
$450,000 thru $499,999 9 73
$500,000 thru $549,999 6 121
$550,000 thru $599,999 6 114
$600,000 thru $649,999 3 175
$650,000 thru $699,999 3 127
$700,000 thru $749,999 2 147
$750,000 thru $799,999 2 66
$850,000 thru $899,999 1 343
$900,000 thru $949,999 1 120
$950,000 thru $999,999 1 75
$1,000,000 thru $1,249,999 2 87
100 90
Summary Price Information
Minimum $152,000 Maximum $1,200,000
Average $415,230 Median $336,500
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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 08/08/14 at 10:48am
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
$160,000 thru $179,999 11 122
$180,000 thru $199,999 10 142
$200,000 thru $249,999 46 95
$250,000 thru $299,999 42 81
$300,000 thru $349,999 39 87
$350,000 thru $399,999 37 80
$400,000 thru $449,999 21 181
$450,000 thru $499,999 23 107
$500,000 thru $549,999 15 166
$550,000 thru $599,999 17 115
$600,000 thru $649,999 10 143
$650,000 thru $699,999 8 141
$700,000 thru $749,999 6 120
$750,000 thru $799,999 3 104
$850,000 thru $899,999 2 129
$900,000 thru $949,999 1 98
$1,000,000 thru $1,249,999 3 113
$1,250,000 thru $1,499,999 4 145
$2,000,000 thru $2,249,999 1 0
$4,000,000 thru $4,249,999 1 45
$5,000,000 thru $5,999,999 1 48
308 110
Summary Price Information
Minimum $87,500 Maximum $5,750,000
Average $428,030 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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Home Sale Weekly Report for Nevada East Shore 8/1/14

August 1, 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 Home sales have been doing well as the lake front sales increase!  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 2.3% to show that 19.8% of the available homes for sale are now pending sales in escrow.  This is due to the number of available homes increasing by 7 as the pending sales decreased by 4.  There is 1 bank owned foreclosure on the market and 3 short sales.  The distress sales represent 2.4% of the available inventory and 22% of the pending sales.

There were 6 completed sales this past week for a YTD total of 106 sales.  The top three sales were on Lynn Way for $649,000 Tobey Ln for $5,000,000, and Lake Front Dr for $5,800,000.  This had increased the 6 month average sales price by 11.8% to $1,128,265.  The average days on market are 166 days.

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