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CA Weekly Real Estate Market Update

September 8, 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 have seen the Market Activity Ratio remain somewhat stable compared to the previous week.  The Market Activity Ratio is the relationship between the Active Listings and Pending Sales which is a trend that I track for more current conditions.  This past week it dropped slightly from 19.7% to 19.4% due to the Active listing inventory increasing by 1 and the Pending Sales dropping by 1.  The completed transactions or Sales increased by 9 this past week for a YTD toal of 256 with a Median Sales Price of $319,000, Average Sales Price of $394,253 and Average Days On Market is 163.  The variance for Median Sales Price and the Average Sales Price from the previous week slightly changed which is up by .3% and down by .1% respectively.  Interesting to note that even though the market is driven by the majority of sales below $350,000, there were two sales at $599,000 and $901,000 this past week.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

 
Listings as of 09/08/09 at 9:30pm

Active
Listing Price Range  Quantity      Average DOM  
$100,000 thru $119,999 1 77  
$120,000 thru $139,999 1 0  
$140,000 thru $159,999 1 94  
$160,000 thru $179,999 7 116  
$180,000 thru $199,999 8 134  
$200,000 thru $249,999 18 111  
$250,000 thru $299,999 43 120  
$300,000 thru $349,999 48 107  
$350,000 thru $399,999 54 130  
$400,000 thru $449,999 26 184  
$450,000 thru $499,999 30 152  
$500,000 thru $549,999 22 182  
$550,000 thru $599,999 34 203  
$600,000 thru $649,999 10 116  
$650,000 thru $699,999 21 174  
$700,000 thru $749,999 11 210  
$750,000 thru $799,999 13 166  
$800,000 thru $849,999 10 171  
$850,000 thru $899,999 6 172  
$900,000 thru $949,999 4 299  
$950,000 thru $999,999 19 236  
$1,000,000 thru $1,249,999 10 278  
$1,250,000 thru $1,499,999 17 254  
$1,500,000 thru $1,749,999 6 195  
$1,750,000 thru $1,999,999 7 274  
$2,000,000 thru $2,249,999 2 414  
$2,250,000 thru $2,499,999 7 198  
$2,750,000 thru $2,999,999 1 68  
$3,000,000 thru $3,249,999 1 362  
$3,250,000 thru $3,499,999 2 323  
$3,750,000 thru $3,999,999 1 4  
$4,250,000 thru $4,499,999 1 406  
$4,500,000 thru $4,749,999 1 264  
$5,000,000 thru $5,999,999 1 1154  
  444 168  
 
Summary Price Information
Minimum  $117,900 Maximum  $5,950,000
Average  $674,454 Median  $492,000
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 09/08/09 at 9:30pm

Pending
Listing Price Range  Quantity      Average DOM  
$140,000 thru $159,999 4 140  
$180,000 thru $199,999 5 187  
$200,000 thru $249,999 13 82  
$250,000 thru $299,999 23 134  
$300,000 thru $349,999 10 163  
$350,000 thru $399,999 6 202  
$400,000 thru $449,999 5 223  
$450,000 thru $499,999 8 188  
$500,000 thru $549,999 7 174  
$550,000 thru $599,999 7 194  
$600,000 thru $649,999 3 273  
$650,000 thru $699,999 6 181  
$700,000 thru $749,999 5 402  
$750,000 thru $799,999 1 116  
$950,000 thru $999,999 2 598  
$1,250,000 thru $1,499,999 2 272  
  107 182  
 
Summary Price Information
Minimum  $140,000 Maximum  $1,349,000
Average  $424,557 Median  $349,000

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 7 135  
$180,000 thru $199,999 10 153  
$200,000 thru $249,999 32 131  
$250,000 thru $299,999 50 148  
$300,000 thru $349,999 40 145  
$350,000 thru $399,999 26 182  
$400,000 thru $449,999 17 156  
$450,000 thru $499,999 16 177  
$500,000 thru $549,999 11 304  
$550,000 thru $599,999 9 186  
$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 4 125  
$800,000 thru $849,999 5 213  
$850,000 thru $899,999 1 425  
$900,000 thru $949,999 5 235  
$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  
  256 163  
 
Summary Price Information
Minimum  $135,000 Maximum  $2,850,000
Average  $394,597 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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