South Lake Tahoe Home Sale Weekly Report for 6/27/15

June 27, 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 South Lake Tahoe homes for sale are quickly reaching levels that we haven’t seen since the recession! This may bring down some of the speculative prices that sellers were hoping for. 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 .8% to show that 21.7% of the homes on the market are now pending sales in escrow. This is due to the number of homes for sales increasing by 19 as the pending sales increased by 1. There are now 378 homes on the market and 105 pending sales. The distress sales represent 1.9% of the available inventory and 9.5% of the pending sales. There are 5 bank owned foreclosures and 2 short sales on the market.

There were 17  completed sales for a Year-to-date total of 264 sales. The lowest sales was a condo on Bonanza for $125,000. Most of the sales were below $400,000. The top three sales were on Cochise Cr for $535,000, Kekin St for $575,000 and Grizzly Mountain Rd for $855,000. The 6 month average sales price increased slightly by .1% to $465,615. The average days on market are 120 days. For more information, contact Jim Wire, your South Lake Tahoe real estate agent at 530-314-9008 or email to jim@hotwiretotahoe.com.

Listings per Status

Area Market Survey
Summary

Listings as of 06/27/15 at 3:31pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 220
$100,000 thru $119,999 1 231
$120,000 thru $139,999 3 28
$140,000 thru $159,999 4 78
$160,000 thru $179,999 10 77
$180,000 thru $199,999 12 176
$200,000 thru $249,999 16 123
$250,000 thru $299,999 35 67
$300,000 thru $349,999 58 96
$350,000 thru $399,999 32 116
$400,000 thru $449,999 29 57
$450,000 thru $499,999 21 126
$500,000 thru $549,999 21 80
$550,000 thru $599,999 25 85
$600,000 thru $649,999 11 73
$650,000 thru $699,999 18 117
$700,000 thru $749,999 5 37
$750,000 thru $799,999 8 171
$800,000 thru $849,999 9 70
$850,000 thru $899,999 5 185
$900,000 thru $949,999 2 89
$950,000 thru $999,999 13 109
$1,000,000 thru $1,249,999 13 89
$1,250,000 thru $1,499,999 14 148
$1,500,000 thru $1,749,999 3 81
$1,750,000 thru $1,999,999 5 172
$2,250,000 thru $2,499,999 1 88
$2,750,000 thru $2,999,999 1 365
$4,250,000 thru $4,499,999 1 23
$8,000,000 thru $8,999,999 1 294
378 101
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $585,381 Median $438,450
Pending
Listing Price Range Quantity Average DOM
$160,000 thru $179,999 1 61
$180,000 thru $199,999 8 170
$200,000 thru $249,999 9 145
$250,000 thru $299,999 20 148
$300,000 thru $349,999 20 77
$350,000 thru $399,999 13 43
$400,000 thru $449,999 7 79
$450,000 thru $499,999 8 102
$500,000 thru $549,999 3 125
$550,000 thru $599,999 5 55
$600,000 thru $649,999 3 67
$650,000 thru $699,999 5 117
$700,000 thru $749,999 1 486
$850,000 thru $899,999 1 59
$2,000,000 thru $2,249,999 1 68
105 107
Summary Price Information
Minimum $178,000 Maximum $2,000,000
Average $392,048 Median $330,000
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 06/27/15 at 3:31pm
Sold
Selling Price Range Quantity Average DOM
$120,000 thru $139,999 1 75
$140,000 thru $159,999 6 139
$160,000 thru $179,999 9 117
$180,000 thru $199,999 5 113
$200,000 thru $249,999 12 141
$250,000 thru $299,999 49 134
$300,000 thru $349,999 36 100
$350,000 thru $399,999 24 108
$400,000 thru $449,999 30 114
$450,000 thru $499,999 18 134
$500,000 thru $549,999 11 177
$550,000 thru $599,999 19 78
$600,000 thru $649,999 7 125
$650,000 thru $699,999 11 60
$700,000 thru $749,999 6 124
$750,000 thru $799,999 10 134
$850,000 thru $899,999 3 155
$900,000 thru $949,999 3 113
$1,000,000 thru $1,249,999 4 194
$1,250,000 thru $1,499,999 2 63
$1,500,000 thru $1,749,999 3 166
$2,000,000 thru $2,249,999 1 57
$2,500,000 thru $2,749,999 1 173
$2,750,000 thru $2,999,999 1 268
272 120
Summary Price Information
Minimum $125,000 Maximum $2,800,000
Average $465,615 Median $386,000
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 Report for Nevada East Shore 6/18/15

June 18, 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 Nevada east shore shares a similar pattern as the California side which shows a spike in the home inventory and sliding sales. 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 4.1% to show that just 10% of the available homes are now pending sales in escrow. This is due to the number of Lake Tahoe homes for sale increasing by 12 for a total of 171 homes as the pending sales decreased by 7 for a total of 19. There were 18 less homes available for sale last year at this time. There are now 3 bank owned foreclosures and 2 short sales available on the market. The distress sales now represent 2.9% of the available inventory and 21.1% of the pending sales.

There were 7 completed sales this past week for a Year-To-Date total of 70 sales. The lowest sale was on Aynes Ct for $260,000. The top three sales were on Cottonwood Dr for $545,000, Martin Dr for $870,000 and Riven Rock for $875,000. This had increased the 6 month average sales price by 1.1% to $1,157,725. The average days on market are 217 days. Last year at this time there were a total of 72 sales. For more information, contact your local Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Report for 6/18/15

June 18, 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 South Lake Tahoe goes backwards as the inventory speeds ahead! 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 22.5% of the available homes are now pending sales in escrow. This is due to the number of homes for sale in South Lake Tahoe jumping by 19 for a total of 359 homes currently on the market as the pending sales dropped by 8 for a total of 104. There are now 5 bank owned foreclosures and 3 short sales on the market. The selection of homes is becoming better for shoppers. Compared to last year, there were a total of 312 homes for sale at this time.

There were 18 completed sales this past week for a YTD total of 247 sales. The lowest sale was on Pinecrest for $265,000. Half of the sales were above $500,000. The top three sales were on Dundee Cr for $583,000, Ottawa Cr for $780,000 and a Lakefront townhome for $2,100,000. The sales had increased the 6 month average sales price by 3.9% to $466,080. The average days on market are 120 days. Last year at this time there were 21 more sales. For more information, contact your local South Lake Tahoe real estate agent, Jim Wire, cell 530-314-9008 or email jim@hotwiretotahoe.com.

Listings per Status

Area Market Survey
Summary

Listings as of 06/18/15 at 8:58pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 211
$100,000 thru $119,999 1 222
$120,000 thru $139,999 2 30
$140,000 thru $159,999 4 69
$160,000 thru $179,999 9 77
$180,000 thru $199,999 12 179
$200,000 thru $249,999 17 110
$250,000 thru $299,999 36 71
$300,000 thru $349,999 52 91
$350,000 thru $399,999 33 110
$400,000 thru $449,999 25 68
$450,000 thru $499,999 22 128
$500,000 thru $549,999 19 75
$550,000 thru $599,999 22 91
$600,000 thru $649,999 10 73
$650,000 thru $699,999 17 124
$700,000 thru $749,999 4 37
$750,000 thru $799,999 6 205
$800,000 thru $849,999 9 70
$850,000 thru $899,999 5 176
$900,000 thru $949,999 2 80
$950,000 thru $999,999 12 108
$1,000,000 thru $1,249,999 13 80
$1,250,000 thru $1,499,999 14 139
$1,500,000 thru $1,749,999 3 72
$1,750,000 thru $1,999,999 5 163
$2,250,000 thru $2,499,999 1 79
$2,750,000 thru $2,999,999 1 356
$4,250,000 thru $4,499,999 1 14
$8,000,000 thru $8,999,999 1 285
359 101
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $588,955 Median $439,000
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 71
$160,000 thru $179,999 1 52
$180,000 thru $199,999 8 154
$200,000 thru $249,999 8 153
$250,000 thru $299,999 19 127
$300,000 thru $349,999 23 104
$350,000 thru $399,999 10 39
$400,000 thru $449,999 7 94
$450,000 thru $499,999 6 119
$500,000 thru $549,999 4 95
$550,000 thru $599,999 5 44
$600,000 thru $649,999 2 37
$650,000 thru $699,999 6 120
$700,000 thru $749,999 1 477
$850,000 thru $899,999 2 117
$2,000,000 thru $2,249,999 1 59
104 109
Summary Price Information
Minimum $130,000 Maximum $2,000,000
Average $396,623 Median $329,950
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 06/18/15 at 8:58pm
Sold
Selling Price Range Quantity Average DOM
$140,000 thru $159,999 6 139
$160,000 thru $179,999 8 123
$180,000 thru $199,999 5 113
$200,000 thru $249,999 11 151
$250,000 thru $299,999 51 130
$300,000 thru $349,999 38 97
$350,000 thru $399,999 28 109
$400,000 thru $449,999 28 116
$450,000 thru $499,999 17 134
$500,000 thru $549,999 10 191
$550,000 thru $599,999 19 81
$600,000 thru $649,999 7 125
$650,000 thru $699,999 11 60
$700,000 thru $749,999 6 124
$750,000 thru $799,999 10 134
$850,000 thru $899,999 2 137
$900,000 thru $949,999 3 113
$1,000,000 thru $1,249,999 5 184
$1,250,000 thru $1,499,999 2 63
$1,500,000 thru $1,749,999 3 166
$2,000,000 thru $2,249,999 1 57
$2,500,000 thru $2,749,999 1 173
$2,750,000 thru $2,999,999 1 268
273 120
Summary Price Information
Minimum $141,000 Maximum $2,800,000
Average $466,080 Median $375,000
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 Report for the Nevada East Shore 6/10/15

June 10, 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.

Lake Tahoe Home sales are on the increase 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 increased by 1% to show that 14.1% of the available homes for sale are now pending sales in escrow. The number of homes for sale has remained the same for a total of 159 sales as the pending sales increased by 2 for a total of 26 sales. There are now 2 banked owned foreclosures and 2 short sales available on the market. The distress sales now represent 2.5% of the available inventory and 19.2% of the pending sales.

There were 4 completed sales for a Year-To-Date total of 63 sales. The sales were on Buchanan for $600,000, Andria for $699,000, Riven Rock Rd for $650,000 and Pray Meadow Rd for $2,075,000. This had increased the 6 month average sales price by 1.1% to $1,145,633. The average days on market are 209 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 6/10/15

June 10, 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 this past week had outpaced the number of homes for sale in South Lake Tahoe! Does this mean more buyers are coming into the market? 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 1.2% to show that 24.8% of the available homes are now pending sales in escrow. This is due to the number of homes for sale increasing by 4 to a total of 340 homes while the pending sales increased by 8 for a total of 112 sales. There are now 3 bank owned foreclosures and 3 short sales on the market. The distress sales represent 1.8% of the available inventory and 10.7% of the pending sales.

There were 9 completed sales for a Year-To-Date total of 229 sales. The lowest sale was a condo on Emerald Bay Rd for $141,000. Most of the sales occurred below $400,000. The top three sales were on Saddle Rd for $500,000, Memory Ln for $551,500 and Frontier Ct for $1,180,000. The high end sales were enough to increase the 6 month average sales price by .8% to $448,436. The average days on market are $122 days. For more information, contact your 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 06/10/15 at 7:42pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 203
$100,000 thru $119,999 1 214
$120,000 thru $139,999 2 22
$140,000 thru $159,999 4 61
$160,000 thru $179,999 8 74
$180,000 thru $199,999 13 162
$200,000 thru $249,999 17 109
$250,000 thru $299,999 36 65
$300,000 thru $349,999 50 77
$350,000 thru $399,999 29 124
$400,000 thru $449,999 21 71
$450,000 thru $499,999 21 124
$500,000 thru $549,999 18 78
$550,000 thru $599,999 21 87
$600,000 thru $649,999 11 61
$650,000 thru $699,999 17 126
$700,000 thru $749,999 3 38
$750,000 thru $799,999 5 236
$800,000 thru $849,999 7 80
$850,000 thru $899,999 6 147
$900,000 thru $949,999 2 72
$950,000 thru $999,999 11 107
$1,000,000 thru $1,249,999 13 74
$1,250,000 thru $1,499,999 13 141
$1,500,000 thru $1,749,999 3 64
$1,750,000 thru $1,999,999 3 261
$2,250,000 thru $2,499,999 1 71
$2,750,000 thru $2,999,999 1 348
$4,250,000 thru $4,499,999 1 6
$8,000,000 thru $8,999,999 1 277
340 99
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $582,467 Median $438,000
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 63
$160,000 thru $179,999 1 44
$180,000 thru $199,999 7 158
$200,000 thru $249,999 6 166
$250,000 thru $299,999 21 123
$300,000 thru $349,999 22 104
$350,000 thru $399,999 9 56
$400,000 thru $449,999 11 80
$450,000 thru $499,999 8 107
$500,000 thru $549,999 3 71
$550,000 thru $599,999 11 53
$600,000 thru $649,999 1 40
$650,000 thru $699,999 5 100
$700,000 thru $749,999 1 469
$750,000 thru $799,999 1 51
$850,000 thru $899,999 1 175
$2,000,000 thru $2,249,999 2 52
$3,500,000 thru $3,749,999 1 270
112 105
Summary Price Information
Minimum $130,000 Maximum $3,500,000
Average $449,854 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

Area Market Survey
Summary

Listings as of 06/10/15 at 7:42pm
Sold
Selling Price Range Quantity Average DOM
$140,000 thru $159,999 6 139
$160,000 thru $179,999 8 123
$180,000 thru $199,999 5 113
$200,000 thru $249,999 12 163
$250,000 thru $299,999 51 128
$300,000 thru $349,999 38 98
$350,000 thru $399,999 28 109
$400,000 thru $449,999 25 126
$450,000 thru $499,999 18 134
$500,000 thru $549,999 10 183
$550,000 thru $599,999 15 95
$600,000 thru $649,999 8 121
$650,000 thru $699,999 11 60
$700,000 thru $749,999 6 124
$750,000 thru $799,999 9 143
$850,000 thru $899,999 2 137
$900,000 thru $949,999 3 113
$1,000,000 thru $1,249,999 5 184
$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
266 122
Summary Price Information
Minimum $141,000 Maximum $2,557,000
Average $448,436 Median $369,500
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

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