Lake Tahoe Weekly Real Estate Market Statistics For The East Shore Nevada

July 15, 2010

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 Buyer activity did cool off this past week. I like to track the most current buyer activity with the Market Activity Ratio. This is the relationship between Active Listings and Pending Sales. This past week the Market Activity Ratio did decrease from 11.8% to 10.3%. This is the result of the Active listings increasing by 12 as the Pending Sales decreased by 1. The number of Short Sales remained the same at 11 and it now represents 44% of the Pending Sales.

There was 1 new sale this past week for a YTD of $62 sales. This was a home on lower Kingsbury Grade with a sales price of $316,000. This decreased the 6 month Average Sales Price by 1.3% to $725,169.

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM


Active Listings				240	$432,990,775	$1,804,128	$649,000	240
Listings Under Contract				3	$1,098,800	$366,267	$349,000	65
Listings Sold 2010				62	$44,960,450	$725,169	$449,500	259

ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	34	$10,370,700	$305,021	$259,700	269
			Upper Kingsbury	12	$8,357,400	$696,450	$547,000	200
			Mid Kingsbury	12	$15,378,500	$1,281,542	$598,000	122
			Lower Kingsbury	6	$8,728,500	$1,454,750	$1,372,500	231
			Lincoln Park	1	$1,695,000	$1,695,000	$1,695,000	620
			Kahle Park	2	$603,999	$302,000	$302,000	286
			Lake Village	14	$6,260,500	$447,179	$417,500	126
			Round Hill	17	$13,251,500	$779,500	$650,000	229
			Elk Point	2	$3,380,000	$1,690,000	$1,690,000	310
			Pinewild/Marla	11	$9,614,777	$874,071	$645,000	167
			Zephyr Heights/Knolls	14	$12,098,000	$864,143	$772,000	164
			Zephyr Cove	2	$1,610,000	$805,000	$805,000	228
			Skyland/Tall Pn/Snug Harbor	9	$7,892,000	$876,889	$669,000	183
			Hidden Woods	4	$7,220,000	$1,805,000	$1,797,500	285
			Upper & Lower Lakeridge - LT	4	$3,618,999	$904,750	$924,500	368
			Cave Rock	9	$12,531,000	$1,392,333	$725,000	126
			Logan/Cedarbrok	1	$3,995,000	$3,995,000	$3,995,000	1011
			Glenbrk/Uppaway	21	$61,851,500	$2,945,310	$2,295,000	335
			Lakefront Propt	22	$216,959,000	$9,861,773	$4,925,000	393
			Sub Total	197	$405,416,375	$2,057,951	$690,500	246
New
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$175,000	$175,000	$175,000	1
			Upper Kingsbury	2	$1,115,000	$557,500	$557,500	5
			Mid Kingsbury	2	$1,904,000	$952,000	$952,000	6
			Lower Kingsbury	1	$639,000	$639,000	$639,000	157
			Lake Village	1	$559,000	$559,000	$559,000	5
			Pinewild/Marla	1	$599,000	$599,000	$599,000	0
			Zephyr Heights/Knolls	1	$1,695,000	$1,695,000	$1,695,000	1
			Sub Total	9	$6,686,000	$742,889	$625,000	20
Extended
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$225,000	$225,000	$225,000	247
			Mid Kingsbury	1	$570,000	$570,000	$570,000	180
			Cave Rock	1	$695,000	$695,000	$695,000	363
			Sub Total	3	$1,490,000	$496,667	$570,000	263
Price Raised
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$195,000	$195,000	$195,000	55
			Sub Total	1	$195,000	$195,000	$195,000	55
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$634,900	$317,450	$317,450	491
			Mid Kingsbury	1	$239,000	$239,000	$239,000	71
			Lower Kingsbury	1	$445,000	$445,000	$445,000	56
			Zephyr Heights/Knolls	2	$1,338,000	$669,000	$669,000	21
			Cave Rock	1	$955,000	$955,000	$955,000	80
			Glenbrk/Uppaway	1	$500,000	$500,000	$500,000	40
			Sub Total	8	$4,111,900	$513,988	$474,950	159
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$1,259,900	$419,967	$595,000	158
			Mid Kingsbury	1	$499,000	$499,000	$499,000	89
			Lower Kingsbury	1	$199,000	$199,000	$199,000	293
			Round Hill	1	$499,900	$499,900	$499,900	22
			Zephyr Heights/Knolls	1	$695,000	$695,000	$695,000	52
			Skyland/Tall Pn/Snug Harbor	2	$1,769,900	$884,950	$884,950	444
			Sub Total	9	$4,922,700	$546,967	$595,000	202
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Mid Kingsbury	1	$1,095,000	$1,095,000	$1,095,000	103
			Round Hill	1	$649,000	$649,000	$649,000	119
			Sub Total	2	$1,744,000	$872,000	$872,000	111
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$502,400	$167,467	$122,500	148
			Upper Kingsbury	1	$2,100,000	$2,100,000	$2,100,000	397
			Lake Village	2	$599,400	$299,700	$299,700	710
			Round Hill	1	$249,000	$249,000	$249,000	39
			Zephyr Heights/Knolls	2	$2,109,000	$1,054,500	$1,054,500	375
			Cave Rock	2	$2,865,000	$1,432,500	$1,432,500	813
			Sub Total	11	$8,424,800	$765,891	$349,500	425
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	10	$2,029,500	$202,950	$184,500	247
			Upper Kingsbury	8	$3,155,800	$394,475	$397,500	144
			Mid Kingsbury	5	$2,203,000	$440,600	$424,000	206
			Lower Kingsbury	2	$786,000	$393,000	$393,000	93
			Lincoln Park	1	$450,000	$450,000	$450,000	174
			Lake Village	7	$1,823,400	$260,486	$265,000	105
			Round Hill	6	$4,475,250	$745,875	$447,625	226
			Pinewild/Marla	1	$475,000	$475,000	$475,000	401
			Zephyr Heights/Knolls	6	$4,159,000	$693,167	$725,000	395
			Zephyr Cove	1	$730,000	$730,000	$730,000	939
			Skyland/Tall Pn/Snug Harbor	3	$1,430,000	$476,667	$555,000	45
			Upper & Lower Lakeridge - LT	4	$3,386,000	$846,500	$808,000	235
			Cave Rock	1	$372,500	$372,500	$372,500	59
			Logan/Cedarbrok	1	$1,060,000	$1,060,000	$1,060,000	957
			Glenbrk/Uppaway	4	$10,975,000	$2,743,750	$2,025,000	371
			Lakefront Propt	2	$7,450,000	$3,725,000	$3,725,000	827
			Sub Total	62	$44,960,450	$725,169	$449,500	259
PENDING-No Show
	RESIDENTIAL
		Residential
			Upper Kingsbury	1	$219,900	$219,900	$219,900	57
			Lake Village	1	$349,000	$349,000	$349,000	82
			Round Hill	1	$529,900	$529,900	$529,900	55
			Sub Total	3	$1,098,800	$366,267	$349,000	65

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South Lake Tahoe Weekly Real Estate Market Statistics

July 9, 2010

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 inventory continues to outpace the Buyer Activity which is typical for this time of year! To track the most current buyer activity, I like to use the Market Activity Ratio which is the relationship between Active listings and Pending sales. This past week the Market Activity Ratio decrease from 14% to 13.5%. This is the result of the Active listings increasing by 21 as the Pending sales remained the same. It’s interesting to note that the number of pending bank owned properties is at 11 and the short sales are at 40. The distress sales now represent 63.8% of the pending sales which is an increase from the previous week which was at 61.3%.

This past week there were 6 new sales for a YTD of 268 sales. These sales occurred below $280,000 with two sales above that which were in the Tahoe Keys for $715,000 and in Angora Highlands for $718,000. This decreased the 6 month average sales price by 2.2% to $395,733. The average days on market is 159 days.

Listings per Status

Area Market Survey

Listings as of 07/09/10 at 9:18am

Active
Listing Price Range	Quantity	Average DOM
$60,000 thru $69,999	1	46
$70,000 thru $79,999	1	21
$80,000 thru $89,999	2	180
$90,000 thru $99,999	1	72
$100,000 thru $119,999	1	77
$120,000 thru $139,999	3	315
$140,000 thru $159,999	9	81
$160,000 thru $179,999	9	112
$180,000 thru $199,999	15	160
$200,000 thru $249,999	34	151
$250,000 thru $299,999	81	132
$300,000 thru $349,999	54	108
$350,000 thru $399,999	50	134
$400,000 thru $449,999	23	167
$450,000 thru $499,999	43	196
$500,000 thru $549,999	21	120
$550,000 thru $599,999	28	151
$600,000 thru $649,999	19	141
$650,000 thru $699,999	17	150
$700,000 thru $749,999	12	159
$750,000 thru $799,999	16	119
$800,000 thru $849,999	5	242
$850,000 thru $899,999	2	93
$900,000 thru $949,999	4	294
$950,000 thru $999,999	9	223
$1,000,000 thru $1,249,999	13	237
$1,250,000 thru $1,499,999	10	131
$1,500,000 thru $1,749,999	3	318
$1,750,000 thru $1,999,999	11	324
$2,000,000 thru $2,249,999	4	84
$2,250,000 thru $2,499,999	3	119
$2,500,000 thru $2,749,999	2	120
$3,250,000 thru $3,499,999	1	21
$3,500,000 thru $3,749,999	1	29
$3,750,000 thru $3,999,999	2	392
$4,000,000 thru $4,249,999	2	163
$4,750,000 thru $4,999,999	1	1458
$10,000,000 or more	1	204
	514	154


Summary Price Information
Minimum	$65,000	Maximum	$12,900,000
Average	$609,198	Median	$399,000

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 ©2010 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 07/09/10 at 9:18am

Pending
Listing Price Range	Quantity	Average DOM
$90,000 thru $99,999	1	140
$140,000 thru $159,999	3	39
$160,000 thru $179,999	5	123
$180,000 thru $199,999	6	224
$200,000 thru $249,999	10	145
$250,000 thru $299,999	17	189
$300,000 thru $349,999	11	146
$350,000 thru $399,999	8	198
$400,000 thru $449,999	3	82
$450,000 thru $499,999	4	86
$500,000 thru $549,999	3	223
$550,000 thru $599,999	2	90
$600,000 thru $649,999	2	552
$650,000 thru $699,999	1	109
$700,000 thru $749,999	1	411
$750,000 thru $799,999	1	60
$850,000 thru $899,999	1	1207
$1,250,000 thru $1,499,999	1	441
	80	185


Summary Price Information
Minimum	$99,000	Maximum	$1,488,000
Average	$351,539	Median	$299,000

Sold
Selling Price Range	Quantity	Average DOM
$60,000 thru $69,999	1	77
$70,000 thru $79,999	1	82
$100,000 thru $119,999	1	38
$120,000 thru $139,999	5	125
$140,000 thru $159,999	11	61
$160,000 thru $179,999	13	134
$180,000 thru $199,999	12	110
$200,000 thru $249,999	37	136
$250,000 thru $299,999	39	147
$300,000 thru $349,999	27	160
$350,000 thru $399,999	23	163
$400,000 thru $449,999	13	192
$450,000 thru $499,999	13	149
$500,000 thru $549,999	10	130
$550,000 thru $599,999	12	242
$600,000 thru $649,999	5	119
$650,000 thru $699,999	7	77
$700,000 thru $749,999	9	283
$750,000 thru $799,999	5	326
$800,000 thru $849,999	1	393
$850,000 thru $899,999	2	277
$900,000 thru $949,999	5	254
$950,000 thru $999,999	1	0
$1,000,000 thru $1,249,999	4	269
$1,250,000 thru $1,499,999	1	277
$3,500,000 thru $3,749,999	1	244
	259	159


Summary Price Information
Minimum	$67,000	Maximum	$3,525,000
Average	$395,733	Median	$315,000

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 ©2010 Rapattoni Corporation. All rights reserved.

Filed Under Weekly Statistics for CA · Leave a Comment

Lake Tahoe Weekly Real Estate Market Statistics For Nevada East Shore

July 9, 2010

The Buyer Activity was not as robust as last week but it remained consistent. To track the most current Buyer Activity, I use the Market Activity Ratio which is the relationship between the Active listings and Pending sales. This past week we saw the Market Activity Ratio slightly increase from 11.3% to 11.8%. This was the result of the Active listings increaseing by 8 as the Pending sales increased by 1. On a side note there are currently11 Pending Short Sales which is unchanged from last week and it now represents 42.3% of the Pending sales.

There were 3 new sales this past week for a YTD of 61 sales. These home sales include a home in the Mid Kingsbury area which sold for $580,000, the Zephyr Heights area which sold for $495,00 and a lake view home in Lakeridge which sold for $1,295,000. This increased the 6 month average sales price by .5% to $735,008. The average days on market is 268 days.

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM


Active Listings				230	$427,849,375	$1,860,215	$672,000	245
Listings Under Contract				3	$1,098,800	$366,267	$349,000	59
Listings Sold 2010				58	$42,630,450	$735,008	$449,500	268

ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	33	$10,350,050	$313,638	$269,000	302
			Upper Kingsbury	10	$7,363,400	$736,340	$566,750	229
			Mid Kingsbury	13	$9,857,500	$758,269	$547,000	125
			Lower Kingsbury	7	$9,197,500	$1,313,929	$995,000	200
			Lincoln Park	1	$1,695,000	$1,695,000	$1,695,000	614
			Kahle Park	2	$603,999	$302,000	$302,000	280
			Lake Village	12	$5,400,500	$450,042	$412,500	139
			Round Hill	15	$12,698,000	$846,533	$725,000	236
			Elk Point	1	$1,690,000	$1,690,000	$1,690,000	275
			Pinewild/Marla	10	$9,119,777	$911,978	$661,500	136
			Zephyr Heights/Knolls	16	$13,568,000	$848,000	$747,000	140
			Zephyr Cove	1	$510,000	$510,000	$510,000	79
			Skyland/Tall Pn/Snug Harbor	9	$7,917,000	$879,667	$669,000	177
			Hidden Woods	3	$6,220,000	$2,073,333	$2,595,000	339
			Upper & Lower Lakeridge - LT	4	$3,618,999	$904,750	$924,500	362
			Cave Rock	11	$14,266,000	$1,296,909	$725,000	137
			Logan/Cedarbrok	1	$3,995,000	$3,995,000	$3,995,000	1005
			Glenbrk/Uppaway	21	$61,851,500	$2,945,310	$2,295,000	329
			Lakefront Propt	20	$207,769,000	$10,388,450	$4,972,500	347
			Sub Total	190	$387,691,225	$2,040,480	$697,000	242
New
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$383,900	$191,950	$191,950	3
			Upper Kingsbury	1	$595,000	$595,000	$595,000	7
			Mid Kingsbury	1	$6,350,000	$6,350,000	$6,350,000	2
			Round Hill	1	$189,000	$189,000	$189,000	2
			Sub Total	5	$7,517,900	$1,503,580	$229,000	3
Back On Market
	RESIDENTIAL
		Residential
			Hidden Woods	1	$1,000,000	$1,000,000	$1,000,000	97
			Sub Total	1	$1,000,000	$1,000,000	$1,000,000	97
Extended
	RESIDENTIAL
		Residential
			Round Hill	1	$399,000	$399,000	$399,000	247
			Zephyr Cove	1	$1,100,000	$1,100,000	$1,100,000	365
			Sub Total	2	$1,499,000	$749,500	$749,500	306
Price Raised
	RESIDENTIAL
		Residential
			Glenbrk/Uppaway	1	$2,000,000	$2,000,000	$2,000,000	34
			Lakefront Propt	1	$4,795,000	$4,795,000	$4,795,000	1530
			Sub Total	2	$6,795,000	$3,397,500	$3,397,500	782
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$672,650	$224,217	$189,900	205
			Upper Kingsbury	1	$399,000	$399,000	$399,000	34
			Elk Point	1	$1,690,000	$1,690,000	$1,690,000	333
			Pinewild/Marla	1	$495,000	$495,000	$495,000	403
			Lakefront Propt	1	$4,395,000	$4,395,000	$4,395,000	38
			Sub Total	7	$7,651,650	$1,093,093	$399,000	203
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$1,190,000	$595,000	$595,000	111
			Mid Kingsbury	1	$499,000	$499,000	$499,000	83
			Lower Kingsbury	2	$528,000	$264,000	$264,000	172
			Round Hill	1	$499,900	$499,900	$499,900	16
			Zephyr Heights/Knolls	1	$695,000	$695,000	$695,000	46
			Skyland/Tall Pn/Snug Harbor	2	$1,769,900	$884,950	$884,950	438
			Sub Total	9	$5,181,800	$575,756	$595,000	176
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$189,000	$189,000	$189,000	49
			Mid Kingsbury	1	$1,095,000	$1,095,000	$1,095,000	97
			Round Hill	1	$649,000	$649,000	$649,000	113
			Sub Total	3	$1,933,000	$644,333	$649,000	86
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$232,400	$116,200	$116,200	109
			Upper Kingsbury	1	$2,100,000	$2,100,000	$2,100,000	391
			Lake Village	2	$599,400	$299,700	$299,700	704
			Round Hill	2	$674,000	$337,000	$337,000	164
			Zephyr Heights/Knolls	2	$2,109,000	$1,054,500	$1,054,500	369
			Cave Rock	2	$2,865,000	$1,432,500	$1,432,500	807
			Sub Total	11	$8,579,800	$779,982	$419,000	427
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	10	$2,029,500	$202,950	$184,500	247
			Upper Kingsbury	8	$3,155,800	$394,475	$397,500	144
			Mid Kingsbury	4	$1,888,000	$472,000	$454,500	213
			Lincoln Park	1	$450,000	$450,000	$450,000	174
			Lake Village	7	$1,823,400	$260,486	$265,000	105
			Round Hill	5	$3,210,250	$642,050	$446,250	249
			Pinewild/Marla	1	$475,000	$475,000	$475,000	401
			Zephyr Heights/Knolls	6	$4,195,000	$699,167	$725,000	395
			Zephyr Cove	1	$730,000	$730,000	$730,000	939
			Skyland/Tall Pn/Snug Harbor	3	$1,430,000	$476,667	$555,000	45
			Upper & Lower Lakeridge - LT	4	$3,386,000	$846,500	$808,000	235
			Cave Rock	1	$372,500	$372,500	$372,500	59
			Logan/Cedarbrok	1	$1,060,000	$1,060,000	$1,060,000	957
			Glenbrk/Uppaway	4	$10,975,000	$2,743,750	$2,025,000	371
			Lakefront Propt	2	$7,450,000	$3,725,000	$3,725,000	827
			Sub Total	58	$42,630,450	$735,008	$449,500	268
PENDING-No Show
	RESIDENTIAL
		Residential
			Upper Kingsbury	1	$219,900	$219,900	$219,900	51
			Lake Village	1	$349,000	$349,000	$349,000	76
			Round Hill	1	$529,900	$529,900	$529,900	49
			Sub Total	3	$1,098,800	$366,267	$349,000	59

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South Lake Tahoe Weekly Real Estate Statistics

July 2, 2010

The inventory continues pile up as the Buyers have cooled off despite incredibly low interest rates. To track the most current buyer activity, I like to use the Market Activity Ratio. This is the relationship between Active listings and Pending sales. This past week the Market Activity Ratio decreased from 16.7% to 14%. This is the result of the Active listings increasing by 14 as the Pending sales decreased by 16. The number of Pending Bank Owned properties and Short Sales have both decreased by 6 to represent 61.3% of all the Pending sales. The increased inventory and scarcity of buyers will continue to put downward pressure on pricing.

This past week there were 16 new sales for a YTD of 262 sales. The majority of the sales occurred below $364,000 and the other five were above $540,000. The price bracket between $500K and a million is showing more movement. The sales prices were $540,000, $575,000, $589,000, $626,000, $715,000, and $875,000. The 6 month average sales price showed a very small change at $404,534. The average days on market is 159 days.

Listings per Status

Area Market Survey

Listings as of 07/02/10 at 8:23am

Active
Listing Price Range	Quantity	Average DOM
$60,000 thru $69,999	1	39
$70,000 thru $79,999	1	14
$80,000 thru $89,999	2	173
$90,000 thru $99,999	1	65
$100,000 thru $119,999	1	70
$120,000 thru $139,999	2	419
$140,000 thru $159,999	10	65
$160,000 thru $179,999	10	97
$180,000 thru $199,999	10	232
$200,000 thru $249,999	31	158
$250,000 thru $299,999	81	132
$300,000 thru $349,999	51	108
$350,000 thru $399,999	46	136
$400,000 thru $449,999	22	172
$450,000 thru $499,999	42	191
$500,000 thru $549,999	19	131
$550,000 thru $599,999	30	151
$600,000 thru $649,999	16	152
$650,000 thru $699,999	17	128
$700,000 thru $749,999	12	152
$750,000 thru $799,999	17	127
$800,000 thru $849,999	5	235
$850,000 thru $899,999	4	71
$900,000 thru $949,999	4	287
$950,000 thru $999,999	7	165
$1,000,000 thru $1,249,999	13	230
$1,250,000 thru $1,499,999	9	105
$1,500,000 thru $1,749,999	3	311
$1,750,000 thru $1,999,999	8	321
$2,000,000 thru $2,249,999	4	77
$2,250,000 thru $2,499,999	4	316
$2,500,000 thru $2,749,999	2	113
$3,250,000 thru $3,499,999	1	14
$3,500,000 thru $3,749,999	1	22
$3,750,000 thru $3,999,999	1	66
$4,000,000 thru $4,249,999	2	156
$4,250,000 thru $4,499,999	1	703
$4,750,000 thru $4,999,999	1	1451
$10,000,000 or more	1	197
	493	154


Summary Price Information
Minimum	$65,000	Maximum	$12,900,000
Average	$613,593	Median	$399,900

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Area Market Survey

Listings as of 07/02/10 at 8:23am

Pending
Listing Price Range	Quantity	Average DOM
$90,000 thru $99,999	1	133
$140,000 thru $159,999	2	40
$160,000 thru $179,999	4	139
$180,000 thru $199,999	6	217
$200,000 thru $249,999	9	149
$250,000 thru $299,999	18	165
$300,000 thru $349,999	12	149
$350,000 thru $399,999	8	191
$400,000 thru $449,999	4	92
$450,000 thru $499,999	4	79
$500,000 thru $549,999	2	242
$550,000 thru $599,999	1	165
$600,000 thru $649,999	2	545
$650,000 thru $699,999	1	102
$700,000 thru $749,999	2	258
$750,000 thru $799,999	1	53
$850,000 thru $899,999	1	1200
$950,000 thru $999,999	1	784
$1,250,000 thru $1,499,999	1	434
	80	190


Summary Price Information
Minimum	$99,000	Maximum	$1,488,000
Average	$365,640	Median	$304,000

Sold
Selling Price Range	Quantity	Average DOM
$60,000 thru $69,999	1	77
$70,000 thru $79,999	1	82
$100,000 thru $119,999	1	38
$120,000 thru $139,999	5	125
$140,000 thru $159,999	12	67
$160,000 thru $179,999	13	134
$180,000 thru $199,999	13	113
$200,000 thru $249,999	42	132
$250,000 thru $299,999	37	152
$300,000 thru $349,999	28	158
$350,000 thru $399,999	28	158
$400,000 thru $449,999	13	196
$450,000 thru $499,999	15	146
$500,000 thru $549,999	11	122
$550,000 thru $599,999	12	242
$600,000 thru $649,999	7	206
$650,000 thru $699,999	8	83
$700,000 thru $749,999	7	323
$750,000 thru $799,999	5	326
$800,000 thru $849,999	1	393
$850,000 thru $899,999	2	277
$900,000 thru $949,999	5	254
$950,000 thru $999,999	2	1
$1,000,000 thru $1,249,999	4	269
$1,250,000 thru $1,499,999	1	277
$3,000,000 thru $3,249,999	1	117
$3,500,000 thru $3,749,999	1	244
	276	159


Summary Price Information
Minimum	$67,000	Maximum	$3,525,000
Average	$404,534	Median	$317,000

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Filed Under Weekly Statistics for CA · Leave a Comment

Lake Tahoe Weekly Real Estate Market Statistics For East Shore Nevada

July 2, 2010

People are still in a buying mood! To track the most current Buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales. This past week we saw the Market Activity Ratio increase from 8.8% to 11.3%. This is a large jump that was the result of the Active Listings decreasing by 11 as the Pending sales increased by 5. The number of short sales decreased by 2 for a total of 11 and it now represents only 44% of the Pending sales.

There were 2 new sales this past week for a YTD of 58 sales. One was a condo on Tina Ct which sold for $86,000 and the other was on Lakeview with a Lake View in Zephyr Heights and sold for $965,000 in cash. This did decrease the 6 month average sales price by 2.4% to $730,988. The average days on market for sales is 274 days.

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM


Active Listings				219	$411,920,924	$1,880,917	$675,000	238
Listings Under Contract				3	$1,098,800	$366,267	$349,000	52
Listings Sold 2010				58	$42,310,450	$729,491	$447,625	262

ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	33	$10,027,150	$303,853	$259,500	260
			Upper Kingsbury	9	$6,634,400	$737,156	$419,000	173
			Mid Kingsbury	12	$9,726,500	$810,542	$609,500	121
			Lower Kingsbury	6	$6,637,000	$1,106,167	$977,000	176
			Kahle Park	1	$249,000	$249,000	$249,000	489
			Lake Village	10	$4,463,000	$446,300	$412,500	156
			Round Hill	16	$13,272,899	$829,556	$725,000	198
			Elk Point	2	$3,460,000	$1,730,000	$1,730,000	297
			Pinewild/Marla	11	$9,635,777	$875,980	$645,000	154
			Zephyr Heights/Knolls	13	$11,595,000	$891,923	$845,000	143
			Zephyr Cove	1	$510,000	$510,000	$510,000	72
			Skyland/Tall Pn/Snug Harbor	9	$7,642,000	$849,111	$669,000	215
			Hidden Woods	3	$6,220,000	$2,073,333	$2,595,000	332
			Upper & Lower Lakeridge - LT	3	$2,943,999	$981,333	$999,999	473
			Cave Rock	10	$13,541,000	$1,354,100	$867,500	129
			Logan/Cedarbrok	1	$3,995,000	$3,995,000	$3,995,000	998
			Glenbrk/Uppaway	21	$61,851,500	$2,945,310	$2,295,000	322
			Lakefront Propt	20	$207,773,000	$10,388,650	$4,972,500	342
			Sub Total	181	$380,177,225	$2,100,427	$729,000	234
New
	RESIDENTIAL
		Residential
			Mid Kingsbury	1	$995,000	$995,000	$995,000	4
			Zephyr Heights/Knolls	1	$675,000	$675,000	$675,000	1
			Sub Total	2	$1,670,000	$835,000	$835,000	3
Extended
	RESIDENTIAL
		Residential
			Upper Kingsbury	1	$649,000	$649,000	$649,000	689
			Lower Kingsbury	1	$2,900,000	$2,900,000	$2,900,000	416
			Lakefront Propt	1	$4,750,000	$4,750,000	$4,750,000	1523
			Sub Total	3	$8,299,000	$2,766,333	$2,900,000	876
Price Raised
	RESIDENTIAL
		Residential
			Glenbrk/Uppaway	1	$1,500,000	$1,500,000	$1,500,000	27
			Sub Total	1	$1,500,000	$1,500,000	$1,500,000	27
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$299,000	$299,000	$299,000	315
			Mid Kingsbury	2	$890,000	$445,000	$445,000	102
			Lower Kingsbury	1	$299,500	$299,500	$299,500	25
			Kahle Park	1	$354,999	$354,999	$354,999	57
			Lake Village	1	$308,500	$308,500	$308,500	30
			Round Hill	1	$650,000	$650,000	$650,000	339
			Zephyr Heights/Knolls	2	$1,348,000	$674,000	$674,000	136
			Cave Rock	1	$725,000	$725,000	$725,000	146
			Sub Total	10	$4,874,999	$487,500	$445,000	139
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$1,190,000	$595,000	$595,000	104
			Mid Kingsbury	1	$499,000	$499,000	$499,000	76
			Lower Kingsbury	2	$528,000	$264,000	$264,000	165
			Zephyr Heights/Knolls	1	$695,000	$695,000	$695,000	39
			Skyland/Tall Pn/Snug Harbor	1	$774,900	$774,900	$774,900	143
			Sub Total	7	$3,686,900	$526,700	$595,000	113
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$189,000	$189,000	$189,000	42
			Round Hill	1	$649,000	$649,000	$649,000	106
			Upper & Lower Lakeridge - LT	1	$1,295,000	$1,295,000	$1,295,000	154
			Sub Total	3	$2,133,000	$711,000	$649,000	101
Active/Pending-House
	RESIDENTIAL
		Residential
			Hidden Woods	1	$1,000,000	$1,000,000	$1,000,000	90
			Sub Total	1	$1,000,000	$1,000,000	$1,000,000	90
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$232,400	$116,200	$116,200	102
			Upper Kingsbury	1	$2,100,000	$2,100,000	$2,100,000	384
			Lake Village	2	$599,400	$299,700	$299,700	697
			Round Hill	2	$674,000	$337,000	$337,000	157
			Zephyr Heights/Knolls	2	$2,109,000	$1,054,500	$1,054,500	362
			Cave Rock	2	$2,865,000	$1,432,500	$1,432,500	800
			Sub Total	11	$8,579,800	$779,982	$419,000	420
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	11	$2,149,300	$195,391	$179,000	228
			Upper Kingsbury	8	$3,155,800	$394,475	$397,500	144
			Mid Kingsbury	5	$2,033,000	$406,600	$410,000	206
			Lower Kingsbury	1	$470,000	$470,000	$470,000	125
			Lincoln Park	1	$450,000	$450,000	$450,000	174
			Lake Village	7	$1,823,400	$260,486	$265,000	105
			Round Hill	7	$6,225,250	$889,321	$449,000	242
			Pinewild/Marla	1	$475,000	$475,000	$475,000	401
			Zephyr Heights/Knolls	5	$3,700,000	$740,000	$725,000	438
			Zephyr Cove	1	$730,000	$730,000	$730,000	939
			Skyland/Tall Pn/Snug Harbor	3	$1,430,000	$476,667	$555,000	45
			Upper & Lower Lakeridge - LT	3	$2,091,000	$697,000	$767,000	262
			Cave Rock	1	$372,500	$372,500	$372,500	59
			Logan/Cedarbrok	1	$1,060,000	$1,060,000	$1,060,000	957
			Glenbrk/Uppaway	4	$10,975,000	$2,743,750	$2,025,000	371
			Lakefront Propt	2	$7,450,000	$3,725,000	$3,725,000	827
			Sub Total	61	$44,590,250	$730,988	$446,250	263
PENDING-No Show
	RESIDENTIAL
		Residential
			Upper Kingsbury	1	$219,900	$219,900	$219,900	44
			Lake Village	1	$349,000	$349,000	$349,000	69
			Round Hill	1	$529,900	$529,900	$529,900	42
			Sub Total	3	$1,098,800	$366,267	$349,000	52

Filed Under Weekly Statistics for NV · Leave a Comment

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