Lake Tahoe Home Sale Weekly Report for Nevada East Shore 5/1/15

May 1, 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 Buyers on the Nevada east shore of Lake Tahoe took a back seat this past week as the new pending sales dropped off! 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 2.6% to show that 12.7% of the available homes for sale are now pending sales. This is due to the number of Lake Tahoe homes for sale increasing by 7 as the pending sales decreased by 4. There are now 2 bank owned foreclosures and 3 short sales available on the market. The distress sales now represent 3.3% of the available inventory and 31.8% of the pending sales.

There were 4 completed sales this past week for a Year-To-Date total of 42 sales. There were three townhomes which included Tramway Dr for $147,000, Boulder Ct for $170,000, Tina Ct for $238,000 and Kent Way for $515,000. This was enough to decrease the 6 month average sales price by 1.1% to $1,093,335. The average days on market are 200 days. For 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 5/1/15

May 1, 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 perking up! 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 .9% to show that 20.3% of the available South Lake Tahoe homes for sale are now pending sales in escrow. This is due to the number of South Lake Tahoe homes for sale increasing by 4 as the pending sales increased by 5. There are now 5 bank owned foreclosures and 2 short sales currently available on the market. The distress sales now represent 2.5% of the available inventory and 11.3% of the pending sales.

There were 7 completed sales this past week for a Year-To-Date total of 174 sales. All of the sales were below $400,000. The lowest sale was on Armstrong Ave for $245,000. The top three sales were on Alameda Ave for $349,000, a townhome in the Tahoe Keys which is on Venice Dr for $369,000 and Tionnontati St for $370,000. Despite the lower sales, the 6 month average sales price showed an increase of .7% to $432,309. The average days on market are 129 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 05/01/15 at 7:57am
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 175
$120,000 thru $139,999 1 23
$140,000 thru $159,999 4 28
$160,000 thru $179,999 9 129
$180,000 thru $199,999 12 155
$200,000 thru $249,999 15 152
$250,000 thru $299,999 31 77
$300,000 thru $349,999 36 64
$350,000 thru $399,999 27 144
$400,000 thru $449,999 20 72
$450,000 thru $499,999 14 143
$500,000 thru $549,999 15 110
$550,000 thru $599,999 19 94
$600,000 thru $649,999 4 63
$650,000 thru $699,999 12 144
$750,000 thru $799,999 5 208
$800,000 thru $849,999 7 44
$850,000 thru $899,999 6 135
$900,000 thru $949,999 2 32
$950,000 thru $999,999 9 84
$1,000,000 thru $1,249,999 6 91
$1,250,000 thru $1,499,999 12 119
$1,500,000 thru $1,749,999 2 47
$1,750,000 thru $1,999,999 3 221
$2,000,000 thru $2,249,999 3 122
$2,250,000 thru $2,499,999 2 167
$2,750,000 thru $2,999,999 1 308
$8,000,000 thru $8,999,999 1 237
279 107
Summary Price Information
Minimum $115,900 Maximum $8,995,000
Average $591,058 Median $414,900
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 94
$160,000 thru $179,999 2 75
$180,000 thru $199,999 2 137
$200,000 thru $249,999 3 49
$250,000 thru $299,999 9 115
$300,000 thru $349,999 10 56
$350,000 thru $399,999 6 28
$400,000 thru $449,999 7 51
$450,000 thru $499,999 9 130
$500,000 thru $549,999 2 28
$550,000 thru $599,999 3 53
$600,000 thru $649,999 3 47
$650,000 thru $699,999 3 122
$700,000 thru $749,999 2 229
$750,000 thru $799,999 3 162
$800,000 thru $849,999 1 32
$850,000 thru $899,999 1 162
$900,000 thru $949,999 1 45
$1,000,000 thru $1,249,999 1 37
$1,500,000 thru $1,749,999 1 70
$3,500,000 thru $3,749,999 1 230
71 87
Summary Price Information
Minimum $130,000 Maximum $3,500,000
Average $512,640 Median $424,000
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 05/01/15 at 7:57am
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 7 119
$180,000 thru $199,999 4 117
$200,000 thru $249,999 15 167
$250,000 thru $299,999 57 129
$300,000 thru $349,999 38 105
$350,000 thru $399,999 32 108
$400,000 thru $449,999 24 134
$450,000 thru $499,999 17 122
$500,000 thru $549,999 11 175
$550,000 thru $599,999 14 121
$600,000 thru $649,999 9 162
$650,000 thru $699,999 12 81
$700,000 thru $749,999 7 146
$750,000 thru $799,999 4 166
$850,000 thru $899,999 1 102
$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 2 209
$2,500,000 thru $2,749,999 1 173
270 129
Summary Price Information
Minimum $139,000 Maximum $2,557,000
Average $432,309 Median $357,000
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 4/23/15

April 23, 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 number of Lake Tahoe Homes for sale on the Nevada east shore has remained the same as there has been a little spurt of home 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 increased by .5% to show that 15.3% of the available homes for sale are now pending sales in escrow. This is due to the number of homes for sale remaining the same as the pending sales increased by 1. There is now 1 bank owned foreclosures and 4 short sales currently available on the market. The distress sales now represent 3.5% 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 38 sales. The sales were on Sherwood Dr for $600,000, Elks Point for $715,000 and Glenbrook Inn for $1,345,000. This had increased the 6 month average by 1% to $1,105,156. The average days on market are 205 days. For more information, call 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 4/23/15

April 23, 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 has outpaced the sales this past week as Spring has started earlier 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 2.3% to show that 19.4% of the available homes on the market are now pending sales in escrow. This is due to the number of South Lake Tahoe homes for sale increasing by 12 as the pending sales decreased by 7. There are now 5 bank owned foreclosures and 2 short sales currently available on the market. The distress sales now represent 2.5% of the available inventory and 12.1% of the pending sales.

There were 18 completed sales this past week for a Year-To-Date total of 167 sales. The lowest sales was on Osborne Ave for $198,100. Half of the sales were above $400,000. The top three sales were on Christie Dr for $895,000, Venice Dr for $925,000 and Ledge Ct for $1,550,000. Despite the higher sales, the 6 month average sales price decreased slightly by .2% to $429,229. The average days on market are 127 days. For more information, call your local South Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email jim@hotwiretotahoe.com.

Listings per Status

Area Market Survey
Summary

Listings as of 04/23/15 at 7:04pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 169
$100,000 thru $119,999 1 167
$120,000 thru $139,999 1 15
$140,000 thru $159,999 3 27
$160,000 thru $179,999 8 141
$180,000 thru $199,999 12 147
$200,000 thru $249,999 16 145
$250,000 thru $299,999 27 77
$300,000 thru $349,999 33 70
$350,000 thru $399,999 29 154
$400,000 thru $449,999 21 64
$450,000 thru $499,999 15 132
$500,000 thru $549,999 16 101
$550,000 thru $599,999 17 95
$600,000 thru $649,999 5 63
$650,000 thru $699,999 13 149
$750,000 thru $799,999 5 200
$800,000 thru $849,999 8 34
$850,000 thru $899,999 4 193
$900,000 thru $949,999 2 24
$950,000 thru $999,999 9 76
$1,000,000 thru $1,249,999 6 83
$1,250,000 thru $1,499,999 11 121
$1,500,000 thru $1,749,999 2 39
$1,750,000 thru $1,999,999 3 213
$2,000,000 thru $2,249,999 3 114
$2,250,000 thru $2,499,999 2 159
$2,750,000 thru $2,999,999 1 300
$8,000,000 thru $8,999,999 1 229
275 108
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $591,158 Median $417,000
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 86
$160,000 thru $179,999 1 98
$180,000 thru $199,999 2 129
$200,000 thru $249,999 3 41
$250,000 thru $299,999 11 122
$300,000 thru $349,999 11 49
$350,000 thru $399,999 8 32
$400,000 thru $449,999 5 40
$450,000 thru $499,999 7 93
$500,000 thru $549,999 1 28
$550,000 thru $599,999 2 31
$600,000 thru $649,999 3 39
$650,000 thru $699,999 1 37
$700,000 thru $749,999 2 221
$750,000 thru $799,999 3 154
$850,000 thru $899,999 1 154
$900,000 thru $949,999 1 37
$1,000,000 thru $1,249,999 1 29
$1,500,000 thru $1,749,999 1 62
$3,500,000 thru $3,749,999 1 222
66 79
Summary Price Information
Minimum $130,000 Maximum $3,500,000
Average $495,919 Median $371,950
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 04/23/15 at 7:04pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 1 62
$120,000 thru $139,999 1 213
$140,000 thru $159,999 6 156
$160,000 thru $179,999 7 119
$180,000 thru $199,999 5 105
$200,000 thru $249,999 17 151
$250,000 thru $299,999 61 128
$300,000 thru $349,999 40 108
$350,000 thru $399,999 34 117
$400,000 thru $449,999 26 128
$450,000 thru $499,999 19 115
$500,000 thru $549,999 11 175
$550,000 thru $599,999 17 118
$600,000 thru $649,999 10 158
$650,000 thru $699,999 12 81
$700,000 thru $749,999 7 146
$750,000 thru $799,999 5 145
$800,000 thru $849,999 1 56
$850,000 thru $899,999 1 102
$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 2 209
$2,500,000 thru $2,749,999 1 173
293 127
Summary Price Information
Minimum $114,000 Maximum $2,557,000
Average $429,229 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 the Nevada East Shore 4/16/15

April 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 on the Nevada east shore has stalled 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 decreased by 2.6% to show that 14.8% of the available homes for sale are now pending sales in escrow. This is due to the number of Lake Tahoe homes for sale increasing by 2 as the pending sales decreased by 5. There is now 1 bank owned foreclosure and 4 short sales currently on the market. The distress sales now represent 3.5% of the available inventory and 28% of the pending sales.

There 6 completed sales this past week for a Year-To-Date total of 35 sales. The lowest sale was a townhome on Quaking Aspen for $315,000. The top three sales were on Winding Way for $1,652,000, Pheasant Ln for $2,100,000 and a lake front on Skyland Dr for $5,800,000. This had dramatically increased the 6 month average days on market by 7.2% to $1,098,502. The average days on market are 210 days. For more information, contact your local Lake Tahoe real estate agent, Jim Wire, at 530-314-9008 or email jim@hotwiretotahoe.com.

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