CA Weekly Statistics As Of November 28th, 2008

per Status

Minimum, Average, Maximum

Days On Market Analysis

Area Market Survey

Listings as of 11/28/08 at 10:59am

 

Active Listing Price Range  Quantity      Average DOM   $140,000 thru $159,999 1 151   $160,000 thru $179,999 2 126   $180,000 thru $199,999 2 70   $200,000 thru $249,999 10 98   $250,000 thru $299,999 23 193   $300,000 thru $349,999 38 148   $350,000 thru $399,999 55 145   $400,000 thru $449,999 29 187   $450,000 thru $499,999 29 194   $500,000 thru $549,999 19 256   $550,000 thru $599,999 26 189   $600,000 thru $649,999 15 247   $650,000 thru $699,999 26 137   $700,000 thru $749,999 7 132   $750,000 thru $799,999 15 161   $800,000 thru $849,999 11 124   $850,000 thru $899,999 14 334   $900,000 thru $949,999 5 111   $950,000 thru $999,999 12 212   $1,000,000 thru $1,249,999 17 207   $1,250,000 thru $1,499,999 12 250   $1,500,000 thru $1,749,999 12 260   $1,750,000 thru $1,999,999 4 328   $2,000,000 thru $2,249,999 2 281   $2,250,000 thru $2,499,999 4 110   $2,500,000 thru $2,749,999 3 70   $2,750,000 thru $2,999,999 1 691   $3,000,000 thru $3,249,999 1 78   $3,250,000 thru $3,499,999 1 191   $3,750,000 thru $3,999,999 1 170   $5,000,000 thru $5,999,999 1 122   $7,000,000 thru $7,999,999 2 530     400 186

Summary Price Information Minimum  $155,000 Maximum  $7,950,000 Average  $741,241 Median  $531,950

 

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 11/28/08 at 11:01am

 

Pending Listing Price Range  Quantity      Average DOM   $200,000 thru $249,999 3 56   $250,000 thru $299,999 7 153   $300,000 thru $349,999 9 155   $350,000 thru $399,999 5 174   $400,000 thru $449,999 9 269   $450,000 thru $499,999 5 224   $500,000 thru $549,999 2 629   $550,000 thru $599,999 2 135   $600,000 thru $649,999 2 320   $750,000 thru $799,999 3 256   $800,000 thru $849,999 3 248   $950,000 thru $999,999 1 81   $1,250,000 thru $1,499,999 1 59     52 209

Summary Price Information Minimum  $229,000 Maximum  $1,295,000 Average  $472,042 Median  $419,950

 

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.

What you are looking at are 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. 

This week shows that the inventory is holding steady.  The Pending escrows is now at about 11.5%.  This represents a decline in pending escrows from last week by eight escrows.  Overall it is still better than last year and it’s still close to this year’s average.  At this rate, I’m still predicting that the 4th quarter will show the most units sold and the most volume sold for the year.  We are definitely closing 2008 on a strong note.