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CA Weekly Market Update

April 21, 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.
Market activity is still creeping up to 14.9% from last week which was 14.2%.  This is a ratio of Active Listings which is up by 6 and Pending Sales which is up by 3 since last week.  The Closed transactions is up by 9 for a total of 88 for YTD.  The Median Price for sales is $319,500, Average Price is $394,462 and Average Days On Market (DOM) is 168.  Both the Median and the Average Sales dropped by 6% and 2.7% respectively.  That’s a big drop in just one week and it’s obviously being influenced by the increasing sales between $250,000  and $350,000.  Buying activity is showing signs of depleting inventory in this price bracket.  Could it be that we have found a bottom or about to?  Buying activity is definitely outpacing last year even though there is more bank owned properties hitting the market.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

 

Area Market Survey

 
Listings as of 04/21/09 at 8:25pm

Active
Listing Price Range  Quantity      Average DOM  
$160,000 thru $179,999 2 254  
$180,000 thru $199,999 3 106  
$200,000 thru $249,999 11 157  
$250,000 thru $299,999 29 197  
$300,000 thru $349,999 43 145  
$350,000 thru $399,999 31 145  
$400,000 thru $449,999 24 199  
$450,000 thru $499,999 32 160  
$500,000 thru $549,999 24 226  
$550,000 thru $599,999 30 180  
$600,000 thru $649,999 17 128  
$650,000 thru $699,999 15 129  
$700,000 thru $749,999 12 162  
$750,000 thru $799,999 13 224  
$800,000 thru $849,999 10 151  
$850,000 thru $899,999 10 142  
$900,000 thru $949,999 5 235  
$950,000 thru $999,999 16 242  
$1,000,000 thru $1,249,999 13 154  
$1,250,000 thru $1,499,999 14 258  
$1,500,000 thru $1,749,999 10 214  
$1,750,000 thru $1,999,999 3 338  
$2,000,000 thru $2,249,999 2 424  
$2,250,000 thru $2,499,999 5 197  
$2,500,000 thru $2,749,999 4 172  
$2,750,000 thru $2,999,999 1 81  
$3,000,000 thru $3,249,999 2 121  
$3,500,000 thru $3,749,999 1 314  
$3,750,000 thru $3,999,999 1 61  
$4,500,000 thru $4,749,999 1 124  
$4,750,000 thru $4,999,999 1 266  
$6,000,000 thru $6,999,999 1 1015  
$7,000,000 thru $7,999,999 1 333  
  387 182  
 
Summary Price Information
Minimum  $175,000 Maximum  $7,560,000
Average  $762,661 Median  $549,000
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 04/21/09 at 8:25pm

Pending
Listing Price Range  Quantity      Average DOM  
$140,000 thru $159,999 2 74  
$180,000 thru $199,999 5 201  
$200,000 thru $249,999 7 86  
$250,000 thru $299,999 17 152  
$300,000 thru $349,999 9 181  
$350,000 thru $399,999 7 223  
$400,000 thru $449,999 6 384  
$450,000 thru $499,999 1 381  
$500,000 thru $549,999 3 232  
$550,000 thru $599,999 3 238  
$600,000 thru $649,999 3 193  
$650,000 thru $699,999 3 157  
$700,000 thru $749,999 1 49  
$1,250,000 thru $1,499,999 1 201  
  68 190  
 
Summary Price Information
Minimum  $150,000 Maximum  $1,295,000
Average  $377,908 Median  $325,000

Sold
Selling Price Range  Quantity      Average DOM  
$120,000 thru $139,999 1 102  
$140,000 thru $159,999 3 57  
$160,000 thru $179,999 3 109  
$180,000 thru $199,999 4 85  
$200,000 thru $249,999 5 118  
$250,000 thru $299,999 17 142  
$300,000 thru $349,999 15 171  
$350,000 thru $399,999 9 199  
$400,000 thru $449,999 8 148  
$450,000 thru $499,999 4 208  
$500,000 thru $549,999 6 284  
$550,000 thru $599,999 2 253  
$600,000 thru $649,999 2 167  
$700,000 thru $749,999 1 157  
$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  
  88 168  
 
Summary Price Information
Minimum  $135,000 Maximum  $1,275,000
Average  $394,462 Median  $319,500
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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