CA Weekly Market Update

June 16, 2009

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 only.  The reason that I use this segment of the market is that it has the most influence on the general value trends.
The Market Activity Ratio has taken a dip this past week as the Active Listings increased by 17 and the Pending Sales has decreased by 3 which brings it down by 1.2% from the previous week.  The completed transactions or Sales is up by 11 for a YTD of 142 with a Median Price of $318,000 and an Average Sales Price of $376,659 and Average Days On Market of 169 Days.  Surprisingly the Median Price is up by 1% and the Average Sales price is down by .8%.  If you look at the Pending Sales, the most activity is occurring in the market has shifted to a lower price bracket which is between $200,000 and $300,000.  The Bank Owned properties are feeding the bottom where the Buyers are the most hungry and showing an appetite.  Let’s hope that appetite continues as interest rates are on the rise!

Listings per Status

 

Area Market Survey

 

Listings as of 06/16/09 at 8:28pm

Active
Listing Price Range  Quantity      Average DOM  
$140,000 thru $159,999 1 34  
$160,000 thru $179,999 1 88  
$180,000 thru $199,999 7 144  
$200,000 thru $249,999 15 114  
$250,000 thru $299,999 38 156  
$300,000 thru $349,999 40 117  
$350,000 thru $399,999 38 137  
$400,000 thru $449,999 28 161  
$450,000 thru $499,999 37 153  
$500,000 thru $549,999 17 222  
$550,000 thru $599,999 24 158  
$600,000 thru $649,999 10 178  
$650,000 thru $699,999 23 136  
$700,000 thru $749,999 13 120  
$750,000 thru $799,999 20 151  
$800,000 thru $849,999 6 124  
$850,000 thru $899,999 8 180  
$900,000 thru $949,999 3 130  
$950,000 thru $999,999 16 212  
$1,000,000 thru $1,249,999 14 132  
$1,250,000 thru $1,499,999 17 197  
$1,500,000 thru $1,749,999 7 299  
$1,750,000 thru $1,999,999 5 285  
$2,000,000 thru $2,249,999 2 330  
$2,250,000 thru $2,499,999 6 209  
$2,500,000 thru $2,749,999 2 290  
$3,000,000 thru $3,249,999 2 177  
$3,250,000 thru $3,499,999 1 370  
$3,750,000 thru $3,999,999 1 117  
$4,500,000 thru $4,749,999 1 180  
$4,750,000 thru $4,999,999 1 322  
$5,000,000 thru $5,999,999 1 1070  
  405 162  
 
Summary Price Information
Minimum  $149,000 Maximum  $5,950,000
Average  $710,411 Median  $499,000
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 ©2009 Rapattoni Corporation. All rights reserved.

Area Market Survey

 

Listings as of 06/16/09 at 8:28pm

Pending
Listing Price Range  Quantity      Average DOM  
$140,000 thru $159,999 2 67  
$160,000 thru $179,999 2 310  
$180,000 thru $199,999 3 159  
$200,000 thru $249,999 10 80  
$250,000 thru $299,999 18 168  
$300,000 thru $349,999 7 185  
$350,000 thru $399,999 12 179  
$400,000 thru $449,999 6 196  
$450,000 thru $499,999 4 44  
$500,000 thru $549,999 5 56  
$550,000 thru $599,999 4 319  
$600,000 thru $649,999 5 228  
$650,000 thru $699,999 1 323  
$700,000 thru $749,999 5 392  
$750,000 thru $799,999 3 97  
$800,000 thru $849,999 1 310  
$850,000 thru $899,999 1 217  
$900,000 thru $949,999 1 404  
$950,000 thru $999,999 2 583  
$1,250,000 thru $1,499,999 2 251  
  94 188  
 
Summary Price Information
Minimum  $148,500 Maximum  $1,395,000
Average  $448,091 Median  $377,450

Sold
Selling Price Range  Quantity      Average DOM  
$120,000 thru $139,999 1 102  
$140,000 thru $159,999 5 78  
$160,000 thru $179,999 3 109  
$180,000 thru $199,999 7 144  
$200,000 thru $249,999 14 166  
$250,000 thru $299,999 27 144  
$300,000 thru $349,999 26 140  
$350,000 thru $399,999 12 212  
$400,000 thru $449,999 11 162  
$450,000 thru $499,999 8 229  
$500,000 thru $549,999 8 301  
$550,000 thru $599,999 5 210  
$600,000 thru $649,999 5 143  
$700,000 thru $749,999 2 114  
$750,000 thru $799,999 1 78  
$800,000 thru $849,999 3 235  
$900,000 thru $949,999 2 253  
$1,000,000 thru $1,249,999 1 213  
$1,250,000 thru $1,499,999 1 229  
  142 169  
 
Summary Price Information
Minimum  $135,000 Maximum  $1,275,000
Average  $376,659 Median  $318,000
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 ©2009 Rapattoni Corporation. All rights reserved.

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