Lake Tahoe Weekly Home Sale Report for the Nevada East Shore 3/26/15

March 26, 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 spring fever has not caught on 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 Lake Tahoe homes for sale and the pending sales. This past week the Market Activity Ratio had decreased by 1.4% to show that 14.5% of the available homes for sale are now pending sales in escrow. This is due to the number of homes for sale decreasing by 2 as the pending sales decreased by 3. There are 2 bank owned foreclosures and 4 short sales currently on the market. The distress sales now represent 4.4% of the available inventory and 30.4% of the pending sales.

There was one completed sale this past week for a year-to-date total of 22 sales. The sale was on Ute Way for $616,250. This had increased the 6 month average sales price by 3.1% to $982,788. The average days on market are 217 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 Weekly Home Sale Report for 3/26/15

March 26, 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.

A sudden spike in the number of homes for sale in South Lake Tahoe is early this year as weather feels too much like summer! 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 26.7% of the available homes for sale are now pending sales in escrow. This is due to the sharp increase of the home sale inventory increasing by 18 as the pending sales increased by 5. There are now 3 bank owned foreclosures and 2 short sales on the market. The distress sales now represent 2.2% of the available inventory and 13.4% of the pending sales.

This past week there were 7 completed sales for a Year to Date total of 111 sales. The lowest sale was a townhome on Wildwood for $275,000. Most of the sales were below $400,000. The top three sales were on Mount Rose Rd for $408,000, a townhome in Lakeland Village for $450,000 and a home on Whitney Dr for $575,000. The six month average sales price did increase by .6% to $420,048. The average days on market are 129 days. For more local information, contact your local South Lake Tahoe real estate agent, Jim Wire, 530-314-9008 and jim@hotwiretotahoe.com.

Listings per Status

Area Market Survey
Summary

Listings as of 03/26/15 at 8:17pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 141
$100,000 thru $119,999 1 139
$140,000 thru $159,999 1 32
$160,000 thru $179,999 5 192
$180,000 thru $199,999 9 140
$200,000 thru $249,999 16 146
$250,000 thru $299,999 16 85
$300,000 thru $349,999 27 88
$350,000 thru $399,999 29 140
$400,000 thru $449,999 15 63
$450,000 thru $499,999 18 117
$500,000 thru $549,999 13 96
$550,000 thru $599,999 14 90
$600,000 thru $649,999 4 68
$650,000 thru $699,999 13 126
$750,000 thru $799,999 5 237
$800,000 thru $849,999 3 64
$850,000 thru $899,999 4 165
$900,000 thru $949,999 2 10
$950,000 thru $999,999 7 67
$1,000,000 thru $1,249,999 4 85
$1,250,000 thru $1,499,999 7 220
$1,500,000 thru $1,749,999 3 223
$1,750,000 thru $1,999,999 3 185
$2,000,000 thru $2,249,999 1 307
$2,250,000 thru $2,499,999 1 267
$2,750,000 thru $2,999,999 1 272
$3,500,000 thru $3,749,999 1 194
$10,000,000 or More 1 201
225 120
Summary Price Information
Minimum $47,000 Maximum $11,500,000
Average $613,799 Median $425,000
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 58
$160,000 thru $179,999 1 48
$180,000 thru $199,999 3 125
$200,000 thru $249,999 4 139
$250,000 thru $299,999 16 85
$300,000 thru $349,999 11 97
$350,000 thru $399,999 6 51
$400,000 thru $449,999 9 159
$450,000 thru $499,999 7 99
$500,000 thru $549,999 1 47
$550,000 thru $599,999 3 109
$600,000 thru $649,999 3 104
$650,000 thru $699,999 3 29
$700,000 thru $749,999 4 168
$750,000 thru $799,999 2 22
$850,000 thru $899,999 1 126
$900,000 thru $949,999 1 77
$1,000,000 thru $1,249,999 1 1
$1,250,000 thru $1,499,999 3 172
$1,500,000 thru $1,749,999 2 192
82 104
Summary Price Information
Minimum $130,000 Maximum $1,650,000
Average $491,754 Median $394,450
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 03/26/15 at 8:17pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 1 62
$120,000 thru $139,999 2 157
$140,000 thru $159,999 7 137
$160,000 thru $179,999 5 129
$180,000 thru $199,999 4 106
$200,000 thru $249,999 19 143
$250,000 thru $299,999 64 133
$300,000 thru $349,999 46 101
$350,000 thru $399,999 38 118
$400,000 thru $449,999 25 114
$450,000 thru $499,999 21 119
$500,000 thru $549,999 13 169
$550,000 thru $599,999 17 130
$600,000 thru $649,999 12 173
$650,000 thru $699,999 12 97
$700,000 thru $749,999 4 177
$750,000 thru $799,999 4 170
$800,000 thru $849,999 1 56
$850,000 thru $899,999 1 110
$900,000 thru $949,999 1 221
$1,000,000 thru $1,249,999 4 349
$1,250,000 thru $1,499,999 1 45
$1,500,000 thru $1,749,999 1 41
$2,500,000 thru $2,749,999 1 173
$2,750,000 thru $2,999,999 1 118
305 129
Summary Price Information
Minimum $114,000 Maximum $2,800,000
Average $420,048 Median $350,000
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 Weekly Home Sale Report for Nevada East Shore 3/19/15

March 19, 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.

Home sales are picking up steam on the Nevada east shore of Lake Tahoe! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number homes for sale and the pending sales. This past week the Market Activity Ratio had increased by .6% to show that 15.9% of the available Lake Tahoe Homes for sale are now pending sales in escrow. This is due to the number of available homes for sale increasing by 1 as the pending sales increased by 3. The inventory is larger this year by 21 homes and the pending sales are down by 8 from last year. There are now 2 bank owned foreclosures and 3 short sales on the market. The distress sales now represent 3.6% of the available inventory and 26.9% of the pending sales.

There were 3 completed sales this past week for a YTD total of 21 sales.  This is the same number of sales last year at this time. The sales were a townhome on Orion Ln for $158,000 and two single family homes on Cheyenne Way for $430,000 and Riven Rock for $515,000. The average days on market are 191 days. For more information, call your local Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email jim@hotwiretotahoe.com.

South Lake Tahoe Weekly Home Sale Report 3/19/15

March 19, 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 are on the rise in South Lake Tahoe and catching up to last year’s numbers! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the homes for sale and the pending sales. This past week the Market Activity Ratio had increased by 1.5% to show that 27.1% of the available inventory are now pending sales in escrow. This is due to the number of South Lake Tahoe homes for sale increasing by 8 and the pending sales by 5. This is only one pending sale short of last year at this time.  However, the number of homes for sale is higher this year by 32. There are 7 bank owned foreclosures on the market and 2 short sales.  The distress sales now represent 4.3% of the available inventory and 9.1% of the available sales.

There were 9 completed sales this past week for a YTD total of 104 sales. This is only 7 sales short of last year! The lowest sale was on Deer Park Ave for $165,000. Most of the sales were below $320,000. The top three sales were on San Diego St for $320,000, Clement St for $400,000 and Beaver Brae for $717,000. This was enough to substantially bring down the 6 month average sales price by 1.2% to $417,546. The average days on market are 128 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 03/19/15 at 7:35pm
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 132
$140,000 thru $159,999 1 25
$160,000 thru $179,999 4 231
$180,000 thru $199,999 8 151
$200,000 thru $249,999 14 157
$250,000 thru $299,999 21 71
$300,000 thru $349,999 22 125
$350,000 thru $399,999 27 143
$400,000 thru $449,999 9 95
$450,000 thru $499,999 15 130
$500,000 thru $549,999 13 92
$550,000 thru $599,999 13 89
$600,000 thru $649,999 7 77
$650,000 thru $699,999 12 112
$750,000 thru $799,999 4 289
$800,000 thru $849,999 3 57
$850,000 thru $899,999 4 158
$900,000 thru $949,999 2 3
$950,000 thru $999,999 6 71
$1,000,000 thru $1,249,999 3 106
$1,250,000 thru $1,499,999 7 213
$1,500,000 thru $1,749,999 3 227
$1,750,000 thru $1,999,999 3 178
$2,000,000 thru $2,249,999 1 300
$2,250,000 thru $2,499,999 1 260
$2,750,000 thru $2,999,999 1 265
$3,500,000 thru $3,749,999 1 187
$10,000,000 or More 1 194
207 127
Summary Price Information
Minimum $115,900 Maximum $11,500,000
Average $627,278 Median $437,000
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 51
$160,000 thru $179,999 1 41
$180,000 thru $199,999 3 118
$200,000 thru $249,999 4 132
$250,000 thru $299,999 12 94
$300,000 thru $349,999 10 96
$350,000 thru $399,999 9 84
$400,000 thru $449,999 10 139
$450,000 thru $499,999 8 115
$500,000 thru $549,999 1 40
$550,000 thru $599,999 4 92
$650,000 thru $699,999 3 89
$700,000 thru $749,999 4 161
$750,000 thru $799,999 1 32
$850,000 thru $899,999 1 119
$900,000 thru $949,999 1 70
$1,250,000 thru $1,499,999 3 165
$1,500,000 thru $1,749,999 1 343
77 110
Summary Price Information
Minimum $130,000 Maximum $1,650,000
Average $467,708 Median $399,900
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 03/19/15 at 7:35pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 2 87
$120,000 thru $139,999 2 157
$140,000 thru $159,999 7 137
$160,000 thru $179,999 5 129
$180,000 thru $199,999 4 106
$200,000 thru $249,999 20 136
$250,000 thru $299,999 66 133
$300,000 thru $349,999 48 104
$350,000 thru $399,999 38 113
$400,000 thru $449,999 24 117
$450,000 thru $499,999 21 110
$500,000 thru $549,999 14 170
$550,000 thru $599,999 16 134
$600,000 thru $649,999 12 173
$650,000 thru $699,999 13 98
$700,000 thru $749,999 4 177
$750,000 thru $799,999 4 170
$800,000 thru $849,999 1 56
$850,000 thru $899,999 1 110
$900,000 thru $949,999 1 221
$1,000,000 thru $1,249,999 4 349
$1,250,000 thru $1,499,999 1 45
$1,500,000 thru $1,749,999 1 41
$2,500,000 thru $2,749,999 1 173
$2,750,000 thru $2,999,999 1 118
311 128
Summary Price Information
Minimum $105,000 Maximum $2,800,000
Average $417,546 Median $350,000
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 3/12/15

March 12, 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.

March is roaring with home sales in the Lake Tahoe 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 surged by 4% to show that 15.3% of the available homes for sale in Lake Tahoe are now pending sales in escrow.  This is due to the number of homes for sale decreasing by 4 as the pending sales increased by 5.  There is 1 bank owned foreclosures and 4 short sales currently on the market.  The distress sales now represent 3.6% of the available inventory and 26.1% of the pending sales.

There was 1 completed sales this past week for a YTD total of 18 sales. The sale was on Jeff Ln for $1,350,000.  This did manage to increase the 6 month average sales price by 3% to $940,350. The average days on market are 188 days. For more information, contact your local Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email jim@hotwiretotahoe.com.

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