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CA Weekly Market Update

August 12, 2009

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 trends.
This past week we saw an upward spike in the Market Activity Ratio from 15.9% to 16.7% as the Inventory dipped and the pending sales rose.  The Market Activity Ratio is the relationship between the Active Listings and Pending Sales.  The Active listings is down by 6, Pendings Sales up by 5.  The completed transactions or Sales is up by 8 for a YTD total of 232 sales with a Median Sales Price of $318,000 and Average Sales Price of $389,286 and the variance from the previous week is up 1% and up 3.4% respectively.   What a big difference a $2.8 million sale can make on the numbers.  The market continues to show a steady stream of sales.  As we near the end of the summer we will see the seasonal decrease in inventory. 

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

 

Area Market Survey

 
Listings as of 08/12/09 at 9:25pm

Active
Listing Price Range  Quantity      Average DOM  
$100,000 thru $119,999 2 10  
$120,000 thru $139,999 4 79  
$140,000 thru $159,999 4 71  
$160,000 thru $179,999 5 130  
$180,000 thru $199,999 13 243  
$200,000 thru $249,999 32 152  
$250,000 thru $299,999 64 161  
$300,000 thru $349,999 54 132  
$350,000 thru $399,999 57 120  
$400,000 thru $449,999 29 149  
$450,000 thru $499,999 39 180  
$500,000 thru $549,999 30 165  
$550,000 thru $599,999 34 194  
$600,000 thru $649,999 13 184  
$650,000 thru $699,999 26 190  
$700,000 thru $749,999 13 186  
$750,000 thru $799,999 15 167  
$800,000 thru $849,999 13 148  
$850,000 thru $899,999 4 176  
$900,000 thru $949,999 3 189  
$950,000 thru $999,999 16 274  
$1,000,000 thru $1,249,999 15 210  
$1,250,000 thru $1,499,999 17 227  
$1,500,000 thru $1,749,999 7 283  
$1,750,000 thru $1,999,999 8 276  
$2,000,000 thru $2,249,999 2 387  
$2,250,000 thru $2,499,999 9 223  
$3,000,000 thru $3,249,999 1 335  
$3,250,000 thru $3,499,999 5 160  
$4,250,000 thru $4,499,999 1 379  
$4,500,000 thru $4,749,999 1 237  
$5,000,000 thru $5,999,999 1 1127  
  537 173  
 
Summary Price Information
Minimum  $103,900 Maximum  $5,950,000
Average  $641,910 Median  $459,000
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 08/12/09 at 9:25pm

Pending
Listing Price Range  Quantity      Average DOM  
$140,000 thru $159,999 3 103  
$180,000 thru $199,999 7 164  
$200,000 thru $249,999 15 72  
$250,000 thru $299,999 19 102  
$300,000 thru $349,999 14 155  
$350,000 thru $399,999 8 286  
$400,000 thru $449,999 5 301  
$450,000 thru $499,999 4 72  
$500,000 thru $549,999 9 181  
$550,000 thru $599,999 4 109  
$600,000 thru $649,999 3 246  
$650,000 thru $699,999 5 137  
$700,000 thru $749,999 3 496  
$750,000 thru $799,999 2 91  
$850,000 thru $899,999 1 274  
$950,000 thru $999,999 4 334  
$1,250,000 thru $1,499,999 2 245  
  108 167  
 
Summary Price Information
Minimum  $140,000 Maximum  $1,349,000
Average  $426,329 Median  $327,450

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 10 128  
$180,000 thru $199,999 10 124  
$200,000 thru $249,999 29 158  
$250,000 thru $299,999 42 156  
$300,000 thru $349,999 35 148  
$350,000 thru $399,999 25 191  
$400,000 thru $449,999 15 140  
$450,000 thru $499,999 15 190  
$500,000 thru $549,999 10 261  
$550,000 thru $599,999 7 220  
$600,000 thru $649,999 7 220  
$650,000 thru $699,999 2 105  
$700,000 thru $749,999 4 131  
$750,000 thru $799,999 3 111  
$800,000 thru $849,999 4 255  
$850,000 thru $899,999 1 425  
$900,000 thru $949,999 3 320  
$1,000,000 thru $1,249,999 1 213  
$1,250,000 thru $1,499,999 1 229  
$1,500,000 thru $1,749,999 1 14  
$2,750,000 thru $2,999,999 1 130  
  232 167  
 
Summary Price Information
Minimum  $135,000 Maximum  $2,850,000
Average  $389,286 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.

Written by admin · Filed Under Weekly Statistics for CA 
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