CA Weekly Statistics As Of December 5th, 2008

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. 

In my previous comments last week, I had pointed out a price band($350K to $400K) as something to keep an eye on.  Within the last couple of weeks there has been an increase in the activity, but it still has an oversupply of inventory.  If you are looking for good selection and motivated sellers, this could be the place to find it.

This week the Active listing inventory is down by 12 units and active pendings are down by 7 units.  This is typical with the holidays approaching.  I believe that the 4th quarter will still prove to be the strongest quarter of the year for the most units sold.

Listings per Status
Minimum, Average, Maximum
Days On Market Analysis
$1,000,000 thru $1,249,999	15	207
$1,250,000 thru $1,499,999	11	245
$1,500,000 thru $1,749,999	12	267
$1,750,000 thru $1,999,999	5	269
$2,000,000 thru $2,249,999	2	288
$2,250,000 thru $2,499,999	4	117
$2,500,000 thru $2,749,999	3	77
$2,750,000 thru $2,999,999	1	698
$3,000,000 thru $3,249,999	1	85
$3,250,000 thru $3,499,999	1	193
$3,750,000 thru $3,999,999	1	177
$5,000,000 thru $5,999,999	1	129
$7,000,000 thru $7,999,999	2	537
	388	188

Summary Price Information
Minimum	$155,000	Maximum	$7,950,000
Average	$738,927	Median	$515,000

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 ©2008 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 12/05/08 at 10:46am

 

Pending Listing Price Range  Quantity      Average DOM   $200,000 thru $249,999 1 60   $250,000 thru $299,999 8 120   $300,000 thru $349,999 8 171   $350,000 thru $399,999 4 199   $400,000 thru $449,999 7 281   $450,000 thru $499,999 4 258   $500,000 thru $549,999 2 636   $550,000 thru $599,999 2 142   $600,000 thru $649,999 2 327   $750,000 thru $799,999 1 140   $800,000 thru $849,999 3 255   $950,000 thru $999,999 1 88   $1,250,000 thru $1,499,999 1 66   $1,750,000 thru $1,999,999 1 245     45 215

Summary Price Information Minimum  $240,000 Maximum  $1,890,000 Average  $502,218 Median  $414,900

 

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 ©2008 Rapattoni Corporation. All rights reserved.