Lake Tahoe Home Sale Weekly Report for Nevada East Shore 10/24/14

October 24, 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 Nevada east shore are softening as the inventory drops off significantly!  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 17.2% of the homes for sale are now pending sales in escrow.  This is due to the number of Lake Tahoe homes for sale decreasing by 16 as the pending sales decreased by 4.  There are 2 bank owned foreclosures and 2 short sales currently available on the market.  The distress sales represent 2.8% of the inventory and 16.7% of the pending sales.

There were 5 completed sales for a YTD total of 166 sales.  The sales were on Bigler Ct for 424,500, Pine Ridge Dr for $465,000, Alma Ave for $555,000, Elks Ave for $825,000 and Meadow Dr for $1,525,000.  The 6 month average sales decreased by 1.3% to $1,009,918.  The average days on market are 147 days.  For more information, contact Jim Wire, your local Lake Tahoe real estate agent, 530-314-9008 or email jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Report for 10/24/14

October 24, 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 have been remaining strong with the diminishing inventory!  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 24.9% of the available homes for sale are pending sales in escrow.  This is due to the number of South Lake Tahoe homes for sale decreasing by 6 as the pending sales decreased by 1.  There are 3 bank owned foreclosures and 2 short sales available on the market.  The distress sales represent 1.8% of the inventory and 12% of the pending sales.

There were 12 completed sales for a YTD total of 534 sales.  The lowest priced sale was on Fountain Ave for $187,000.  Most of the sales were below $389,000.  The top three sales were on Golden Bear Tr for $460,000, West Way for $475,000 and Beach Dr for $2,800,000.  This had increased the 6 month average sales price by .2% to $427,321.  The average days on market are 111 days.  For more information, contact Jim Wire, your local South Lake Tahoe real estate agent, 530-314-9008 or email jim@hotwiretotahoe.com.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 10/24/14 at 8:01am
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 72
$120,000 thru $139,999 2 114
$140,000 thru $159,999 1 143
$160,000 thru $179,999 7 122
$180,000 thru $199,999 8 104
$200,000 thru $249,999 15 122
$250,000 thru $299,999 26 106
$300,000 thru $349,999 42 116
$350,000 thru $399,999 36 111
$400,000 thru $449,999 21 142
$450,000 thru $499,999 17 107
$500,000 thru $549,999 12 124
$550,000 thru $599,999 13 128
$600,000 thru $649,999 11 91
$650,000 thru $699,999 13 136
$700,000 thru $749,999 1 57
$750,000 thru $799,999 9 267
$800,000 thru $849,999 3 149
$850,000 thru $899,999 2 95
$900,000 thru $949,999 1 93
$950,000 thru $999,999 7 109
$1,000,000 thru $1,249,999 6 199
$1,250,000 thru $1,499,999 10 178
$1,500,000 thru $1,749,999 3 291
$1,750,000 thru $1,999,999 3 370
$2,000,000 thru $2,249,999 1 154
$2,250,000 thru $2,499,999 1 115
$2,500,000 thru $2,749,999 1 275
$3,000,000 thru $3,249,999 1 119
$3,250,000 thru $3,499,999 1 91
$3,500,000 thru $3,749,999 1 41
$10,000,000 or More 1 48
277 130
Summary Price Information
Minimum $47,000 Maximum $11,500,000
Average $607,480 Median $407,988
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 56
$140,000 thru $159,999 2 161
$160,000 thru $179,999 2 172
$200,000 thru $249,999 10 139
$250,000 thru $299,999 15 98
$300,000 thru $349,999 13 66
$350,000 thru $399,999 10 152
$400,000 thru $449,999 6 58
$450,000 thru $499,999 9 104
$500,000 thru $549,999 4 129
$550,000 thru $599,999 8 106
$600,000 thru $649,999 4 168
$650,000 thru $699,999 1 279
$700,000 thru $749,999 2 243
$800,000 thru $849,999 2 57
$1,000,000 thru $1,249,999 1 130
$1,250,000 thru $1,499,999 1 152
$2,500,000 thru $2,749,999 1 89
92 114
Summary Price Information
Minimum $120,000 Maximum $2,660,000
Average $439,278 Median $362,000
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 10/24/14 at 8:01am
Sold
Selling Price Range Quantity Average DOM
$80,000 thru $89,999 1 62
$100,000 thru $119,999 2 67
$120,000 thru $139,999 4 112
$140,000 thru $159,999 4 142
$160,000 thru $179,999 9 122
$180,000 thru $199,999 10 101
$200,000 thru $249,999 45 75
$250,000 thru $299,999 58 87
$300,000 thru $349,999 54 97
$350,000 thru $399,999 40 85
$400,000 thru $449,999 24 157
$450,000 thru $499,999 28 118
$500,000 thru $549,999 21 144
$550,000 thru $599,999 15 134
$600,000 thru $649,999 7 173
$650,000 thru $699,999 11 138
$700,000 thru $749,999 5 159
$750,000 thru $799,999 5 88
$800,000 thru $849,999 1 350
$850,000 thru $899,999 4 129
$900,000 thru $949,999 1 98
$1,000,000 thru $1,249,999 4 294
$1,250,000 thru $1,499,999 1 141
$1,750,000 thru $1,999,999 1 456
$2,000,000 thru $2,249,999 1 0
$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
359 111
Summary Price Information
Minimum $87,500 Maximum $5,750,000
Average $427,321 Median $340,000
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

Rare Single Story Home For Sale in South Lake Tahoe

October 20, 2014

%Jim Wire %Real Estate Lake Tahoe

Front View

%Jim Wire %Real Estate Lake Tahoe

Backyard Deck

If you are looking for a single story #home for sale in South Lake Tahoe, this could be yours!  The home is large with 3 bedrooms and 2 baths and 1925 square feet.  It also has a large lot with approximately 12,481 square feet and it’s adjacent to a meadow which is owned by the California Conservancy.  There have been several upgrades throughout the home which includes a newer roof, double pane windows, seamless gutters, kitchen cabinets, sile stone granite counter tops, flooring, garage door, exterior doors and much more. You’ll be impressed with the care and condition of the home.  All of this for the asking price of $479,000.  Call your South Lake Tahoe real estate agent, Jim Wire for a viewing, 530-314-9008.

Lake Tahoe Home Sale Weekly Report for the Nevada East Shore 10/16/14

October 16, 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 sale market on the east shore of Nevada is showing a seasonal trend slowing!  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 .4% to show that 17.6% 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 9 as the pending sales increased by 1.  There is now 1 bank owned foreclosure and 2 short sales currently available.  The distress sales now represent 1.9% of the inventory and 17.6% of the pending sales.

There were 2 completed sales this past week for a YTD total of 161 sales.  The sales were a townhome on Tina Ct for $345,100 and a single family home on Kent Way for $865,000.  The 6 month average sales price had decreased by 1.5% to $1,023,545.  The average days on the market are 150 days.  For more information, contact your local Lake Tahoe real estate agent, Jim Wire, 530-314-9008.

South Lake Tahoe Home Sales Weekly Report 10/16/14

October 16, 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 still healthy but the market is showing it’s seasonal trend downward!  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 1.2% to show that 24.7% of the available homes for sale are pending sales in escrow.  This is due to the number of South Lake Tahoe homes for sale declining by 3 as the pending sales decreased by 7.  There are 2 bank owned foreclosures and 3 short sales currently available on the market.  The distress sales represent 1.8% of the available inventory and 12.9% of the pending sales.

There were 15 completed sales this past week for a YTD total of 522 sales.  The lowest sale was on Alameda Ave for $130,000.  Most of the sales were below $390,000.  The top 3 sales was a townhome on Lakeview Ave for $437,240, two single family homes on Garmish Ct for $626,000 and Ofling Dr for $685,000.  This was enough to increase the 6 month average sales price by ..1% to $426,432.  The average days on market are 111.  For more information, contact your local 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 10/16/14 at 7:26pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 64
$120,000 thru $139,999 3 86
$140,000 thru $159,999 1 135
$160,000 thru $179,999 8 130
$180,000 thru $199,999 7 110
$200,000 thru $249,999 15 110
$250,000 thru $299,999 27 105
$300,000 thru $349,999 38 116
$350,000 thru $399,999 35 109
$400,000 thru $449,999 23 131
$450,000 thru $499,999 18 107
$500,000 thru $549,999 12 130
$550,000 thru $599,999 14 120
$600,000 thru $649,999 11 83
$650,000 thru $699,999 16 136
$700,000 thru $749,999 1 49
$750,000 thru $799,999 9 259
$800,000 thru $849,999 2 162
$850,000 thru $899,999 3 91
$900,000 thru $949,999 1 85
$950,000 thru $999,999 7 101
$1,000,000 thru $1,249,999 7 172
$1,250,000 thru $1,499,999 10 174
$1,500,000 thru $1,749,999 4 363
$1,750,000 thru $1,999,999 3 362
$2,000,000 thru $2,249,999 1 146
$2,250,000 thru $2,499,999 1 107
$2,500,000 thru $2,749,999 1 267
$3,000,000 thru $3,249,999 1 111
$3,250,000 thru $3,499,999 1 83
$3,500,000 thru $3,749,999 1 33
$10,000,000 or More 1 40
283 128
Summary Price Information
Minimum $47,000 Maximum $11,500,000
Average $614,219 Median $424,000
Pending
Listing Price Range Quantity Average DOM
$140,000 thru $159,999 2 153
$160,000 thru $179,999 1 82
$180,000 thru $199,999 1 94
$200,000 thru $249,999 10 112
$250,000 thru $299,999 14 91
$300,000 thru $349,999 15 82
$350,000 thru $399,999 12 146
$400,000 thru $449,999 6 83
$450,000 thru $499,999 9 94
$500,000 thru $549,999 4 121
$550,000 thru $599,999 7 95
$600,000 thru $649,999 4 160
$700,000 thru $749,999 2 235
$800,000 thru $849,999 2 49
$1,000,000 thru $1,249,999 1 122
$1,250,000 thru $1,499,999 1 106
$2,500,000 thru $2,749,999 1 81
$3,250,000 thru $3,499,999 1 114
93 107
Summary Price Information
Minimum $149,000 Maximum $3,295,000
Average $468,478 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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 10/16/14 at 7:26pm
Sold
Selling Price Range Quantity Average DOM
$80,000 thru $89,999 1 62
$100,000 thru $119,999 2 67
$120,000 thru $139,999 4 112
$140,000 thru $159,999 4 142
$160,000 thru $179,999 9 122
$180,000 thru $199,999 10 124
$200,000 thru $249,999 47 75
$250,000 thru $299,999 56 84
$300,000 thru $349,999 55 96
$350,000 thru $399,999 40 81
$400,000 thru $449,999 25 155
$450,000 thru $499,999 27 116
$500,000 thru $549,999 22 147
$550,000 thru $599,999 16 131
$600,000 thru $649,999 8 163
$650,000 thru $699,999 12 137
$700,000 thru $749,999 5 159
$750,000 thru $799,999 5 88
$800,000 thru $849,999 1 350
$850,000 thru $899,999 4 129
$900,000 thru $949,999 1 98
$1,000,000 thru $1,249,999 4 294
$1,250,000 thru $1,499,999 3 172
$1,750,000 thru $1,999,999 1 456
$2,000,000 thru $2,249,999 1 0
$3,500,000 thru $3,749,999 1 500
$5,000,000 thru $5,999,999 1 49
365 111
Summary Price Information
Minimum $87,500 Maximum $5,750,000
Average $426,432 Median $347,000
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

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