Lake Tahoe Home Sales Weekly Report for the Nevada East Shore 8/26/15

August 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 Lake Tahoe home sales on the east shore of the Nevada has slightly perked up along with the 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 to show that 13.6% 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 3. There are now 2 bank owned foreclosures and 3 short sales currently available on the market.

There were 2 completed sales this past week for a Year-To-Date total of 100 sales. The two sales were on Elks Point for $2,275,000 and Alma Way for $625,000. This helped to increase the 6 month average sales price by 1.5% to $839,753. 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 to jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report 8/26/15

August 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.

The hot spurt of home sales in South Lake Tahoe for the last couple of months seems to be leveling 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 slightly to show that 28.4% of the available homes for sale are now pending sales in escrow. This is due to the number of available South Lake Tahoe homes for sale increasing by 3 as the pending sales decreased by 2. There are now 2 bank owned foreclosures and 1 short sale currently available on the market.

There were 12 completed sales this past week for a Year-To-Date total of 414 sales. The lowest sale was a condo on Herbert Ave for $205,000. Most of the sales activity is still occurring below $400,000. The top three sales were a condo on Ala Wai for $480,000 and two single family homes on Beaver Brae for $548,000 and Shawnee St for $850,000. The 6 month average sales price took a slight dip by ..3% to $440,993. The average days on market are 105 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 08/26/15 at 8:39pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 280
$100,000 thru $119,999 2 180
$120,000 thru $139,999 2 51
$140,000 thru $159,999 8 58
$160,000 thru $179,999 8 101
$180,000 thru $199,999 6 264
$200,000 thru $249,999 10 164
$250,000 thru $299,999 31 95
$300,000 thru $349,999 42 120
$350,000 thru $399,999 40 99
$400,000 thru $449,999 25 91
$450,000 thru $499,999 24 105
$500,000 thru $549,999 17 127
$550,000 thru $599,999 25 88
$600,000 thru $649,999 11 86
$650,000 thru $699,999 20 125
$700,000 thru $749,999 4 100
$750,000 thru $799,999 10 186
$800,000 thru $849,999 7 71
$850,000 thru $899,999 7 186
$900,000 thru $949,999 5 149
$950,000 thru $999,999 8 167
$1,000,000 thru $1,249,999 17 120
$1,250,000 thru $1,499,999 13 152
$1,500,000 thru $1,749,999 4 97
$1,750,000 thru $1,999,999 6 135
$2,000,000 thru $2,249,999 1 16
$2,500,000 thru $2,749,999 1 58
$2,750,000 thru $2,999,999 1 425
$4,000,000 thru $4,249,999 1 83
$8,000,000 thru $8,999,999 1 354
358 117
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $618,870 Median $464,900
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 111
$140,000 thru $159,999 1 118
$160,000 thru $179,999 1 63
$180,000 thru $199,999 10 129
$200,000 thru $249,999 7 99
$250,000 thru $299,999 25 88
$300,000 thru $349,999 25 129
$350,000 thru $399,999 13 87
$400,000 thru $449,999 13 89
$450,000 thru $499,999 11 165
$500,000 thru $549,999 9 104
$550,000 thru $599,999 8 121
$600,000 thru $649,999 3 176
$650,000 thru $699,999 5 94
$700,000 thru $749,999 1 524
$750,000 thru $799,999 3 90
$800,000 thru $849,999 1 149
$850,000 thru $899,999 2 36
$950,000 thru $999,999 2 150
$1,750,000 thru $1,999,999 1 431
142 116
Summary Price Information
Minimum $129,000 Maximum $1,795,000
Average $416,553 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

Area Market Survey
Summary

Listings as of 08/26/15 at 8:39pm
Sold
Selling Price Range Quantity Average DOM
$60,000 thru $69,999 1 90
$100,000 thru $119,999 1 41
$120,000 thru $139,999 1 75
$140,000 thru $159,999 4 187
$160,000 thru $179,999 10 94
$180,000 thru $199,999 11 110
$200,000 thru $249,999 24 125
$250,000 thru $299,999 60 129
$300,000 thru $349,999 58 91
$350,000 thru $399,999 32 78
$400,000 thru $449,999 36 97
$450,000 thru $499,999 21 117
$500,000 thru $549,999 14 114
$550,000 thru $599,999 21 63
$600,000 thru $649,999 8 113
$650,000 thru $699,999 10 46
$700,000 thru $749,999 4 160
$750,000 thru $799,999 10 134
$850,000 thru $899,999 5 114
$900,000 thru $949,999 2 60
$1,000,000 thru $1,249,999 3 179
$1,250,000 thru $1,499,999 2 101
$1,500,000 thru $1,749,999 2 229
$1,750,000 thru $1,999,999 1 81
$2,000,000 thru $2,249,999 2 98
$2,750,000 thru $2,999,999 1 268
$3,750,000 thru $3,999,999 1 23
345 105
Summary Price Information
Minimum $67,500 Maximum $3,950,000
Average $440,993 Median $351,000
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 Nevada East Shore 8/21/15

August 21, 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 are showing slower but consistent activity! 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 .7% to show that 12.9% of the available homes for sale are now pending sales in escrow. This is due to the number of Lake Tahoe homes for sale decreasing by 4 as the pending sales increased by 1. There are now 2 bank owned foreclosures and 3 short sales currently available on the market.

There were 3 completed sales this past week for a Year-To-Date total of 97 sales. The sales were a couple of townhomes on Tramway for $105,000, Tina Ct for $267,000 and a single family home on Hillcrest for $650,000. This had decreased the 6 month average sales price by 1.9% to $827,575. The average days on market are 189 days. For more information, contact your Lake Tahoe real estate agent, Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report for 8/21/15

August 21, 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 have shot way up as the pending sales spike and inventory drops! 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 increased by 2.8% to show that 28.9% of the available homes are now pending sales in escrow. This is due to the number of South Lake Tahoe homes for sale dropping by 13 as the pending sales shot up by 14. There are now 2 bank owned foreclosures and 3 short sales currently on the market.

There were 17 completed sales this past week for a Year-To-Date total of 402 sales. The lowest sale was on Chris Ave for $101,550. All of the sales were below $400,000. The top three sales were on Fair Meadows Ct for $404,000, White Sands Dr for $2,000,000 and Glenwood Way for $3,950,000. The million dollar sales were enough to spike the 6 month average sales price by 2.3% to $442,537. The average days on market are 105 days. For more information contact your local South Lake Tahoe real estate agent, Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com.

Listings per Status

rea Market Survey
Summary

Listings as of 08/21/15 at 8:00am
Active
Listing Price Range Quantity Average DOM
$19,000 or Under 1 8
$40,000 thru $49,999 1 275
$100,000 thru $119,999 2 175
$120,000 thru $139,999 2 46
$140,000 thru $159,999 10 72
$160,000 thru $179,999 8 96
$180,000 thru $199,999 6 259
$200,000 thru $249,999 11 147
$250,000 thru $299,999 30 93
$300,000 thru $349,999 41 126
$350,000 thru $399,999 36 98
$400,000 thru $449,999 24 85
$450,000 thru $499,999 26 93
$500,000 thru $549,999 17 133
$550,000 thru $599,999 24 79
$600,000 thru $649,999 12 90
$650,000 thru $699,999 21 116
$700,000 thru $749,999 3 102
$750,000 thru $799,999 11 166
$800,000 thru $849,999 5 90
$850,000 thru $899,999 8 159
$900,000 thru $949,999 4 164
$950,000 thru $999,999 9 151
$1,000,000 thru $1,249,999 17 115
$1,250,000 thru $1,499,999 12 160
$1,500,000 thru $1,749,999 4 92
$1,750,000 thru $1,999,999 6 130
$2,000,000 thru $2,249,999 1 11
$2,500,000 thru $2,749,999 1 53
$2,750,000 thru $2,999,999 1 420
$4,000,000 thru $4,249,999 1 78
355 114
Summary Price Information
Minimum $15,000 Maximum $4,195,000
Average $591,984 Median $464,900
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 106
$160,000 thru $179,999 1 58
$180,000 thru $199,999 10 124
$200,000 thru $249,999 7 98
$250,000 thru $299,999 26 87
$300,000 thru $349,999 25 130
$350,000 thru $399,999 17 100
$400,000 thru $449,999 13 102
$450,000 thru $499,999 10 178
$500,000 thru $549,999 7 110
$550,000 thru $599,999 9 144
$600,000 thru $649,999 3 171
$650,000 thru $699,999 4 105
$700,000 thru $749,999 2 296
$750,000 thru $799,999 2 117
$800,000 thru $849,999 1 144
$850,000 thru $899,999 2 31
$950,000 thru $999,999 2 145
$1,750,000 thru $1,999,999 1 426
$8,000,000 thru $8,999,999 1 349
144 121
Summary Price Information
Minimum $129,000 Maximum $8,995,000
Average $472,948 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

Area Market Survey
Summary

Listings as of 08/21/15 at 8:00am
Sold
Selling Price Range Quantity Average DOM
$60,000 thru $69,999 1 90
$100,000 thru $119,999 1 41
$120,000 thru $139,999 1 75
$140,000 thru $159,999 4 187
$160,000 thru $179,999 10 94
$180,000 thru $199,999 11 110
$200,000 thru $249,999 23 128
$250,000 thru $299,999 59 128
$300,000 thru $349,999 55 86
$350,000 thru $399,999 31 79
$400,000 thru $449,999 35 98
$450,000 thru $499,999 20 120
$500,000 thru $549,999 14 100
$550,000 thru $599,999 21 63
$600,000 thru $649,999 8 113
$650,000 thru $699,999 11 57
$700,000 thru $749,999 4 160
$750,000 thru $799,999 10 134
$850,000 thru $899,999 4 142
$900,000 thru $949,999 2 60
$1,000,000 thru $1,249,999 3 179
$1,250,000 thru $1,499,999 2 101
$1,500,000 thru $1,749,999 2 229
$1,750,000 thru $1,999,999 1 81
$2,000,000 thru $2,249,999 2 98
$2,750,000 thru $2,999,999 1 268
$3,750,000 thru $3,999,999 1 23
337 105
Summary Price Information
Minimum $67,500 Maximum $3,950,000
Average $442,537 Median $353,000
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 Sales Weekly Report for Nevada East Shore 8/14/15

August 14, 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 remained somewhat sluggish! While the supply of homes on the market has not increased much neither have the sales. 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 increased which shows that 12.2% of the available homes on the market are pending sales in escrow. The total number of homes on the market are 173 with 24 pending sales. There are now 2 bank owned foreclosures and 1 short sale on the market.

There were 3 completed sales this past week for a Year-To-Date total of 94 sales. The sales were on Pine Dr for $370,000, Cottonwood Dr for $450,000 and a towhome in Lake Village on Snowbird for $350,000. The 6 month average sales price is now at $843,583. The average days on market are 192 days. For more information, contact your local Lake Tahoe real estate agent, Jim Wire, cell 530-314-9008 or email to jim@hotwiretotahoe.com.

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