Homes sales on the east shore of Lake Tahoe in Nevada have been somewhat steady!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the pending sales.  This past week the Market Activity Ratio had decreased by 1.2% and it now shows us that 27.6% of the available homes for sale are now pending sales in escrow.  This is the result of the homes available for sale increasing by 5 as the pending sales decreased by 1.  The distress sales (Short Sales and Bank Owned Foreclosures) are having very little impact as it now only represents .8% of the available homes for sale and 27.1% of the pending sales. 

This past week there were 4 completed sales transactions for a YTD total of 84 sales.  The sales were a townhome on Tramway for $147,000 and three homes on Andria Dr for $385,000, Elks Point Ct for $492,500 and Highway 50 for $675,000.  This was enough to decrease the 6 month average sales price by 1.1% to $1,176,837.  The average days on market are 188 days.

Inventory is beginning to see a rise as the home sales drop in South Lake Tahoe!  As a real estate agent I’ve noticed that the market has been slowly getting quiet and the numbers are now showing that it has.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the Pending sales.  This past week the Market Activity Ratio had significantly dropped by 5.1% and it now shows that 35.8% of the available homes are pending sales in escrow.  This is the result of the available homes for sale increasing by 20 as the pending sales decreased by 11.  The distress sales (Short Sales and Bank Owned Foreclosures) are having very little impact on the market as it now only represents 3.2% of the available homes for sale and 28.2% of the pending sales. 

This past week there were 14 completed sales transactions for a YTD total of 242 homes sales.  The sales ranged from a low of $145,000 to a high of $565,000.  Most of the sales were under $315,000.  The top three sales were on Thunderbird for $385,000, Pinter Ave for $457,500 and Bonanza Tr for $565,000.  Despite the lower sales the 6 month average sales price did manage to increase by .8% to $365,112.  The average days on market are 141 days.

Listings per Status

Area Market Survey Summary Listings as of 05/22/13 at 8:47am Active Listing Price Range Quantity Average DOM $70,000 thru $79,999 1 26 $140,000 thru $159,999 4 204 $160,000 thru $179,999 7 92 $180,000 thru $199,999 5 84 $200,000 thru $249,999 16 136 $250,000 thru $299,999 21 111 $300,000 thru $349,999 12 60 $350,000 thru $399,999 19 79 $400,000 thru $449,999 16 86 $450,000 thru $499,999 10 215 $500,000 thru $549,999 10 89 $550,000 thru $599,999 8 73 $600,000 thru $649,999 7 73 $650,000 thru $699,999 4 140 $700,000 thru $749,999 1 97 $750,000 thru $799,999 4 28 $800,000 thru $849,999 3 82 $850,000 thru $899,999 6 205 $900,000 thru $949,999 4 78 $950,000 thru $999,999 5 565 $1,000,000 thru $1,249,999 5 61 $1,250,000 thru $1,499,999 7 290 $1,500,000 thru $1,749,999 3 37 $1,750,000 thru $1,999,999 2 161 $2,000,000 thru $2,249,999 1 47 $2,250,000 thru $2,499,999 1 50 $2,750,000 thru $2,999,999 1 425 $4,500,000 thru $4,749,999 2 158   185 125   Summary Price Information Minimum $79,900 Maximum $4,700,000 Average $610,473 Median $435,000 Pending Listing Price Range Quantity Average DOM $60,000 thru $69,999 1 145 $80,000 thru $89,999 1 371 $120,000 thru $139,999 1 1652 $140,000 thru $159,999 6 56 $160,000 thru $179,999 5 107 $180,000 thru $199,999 6 41 $200,000 thru $249,999 19 61 $250,000 thru $299,999 12 70 $300,000 thru $349,999 12 78 $350,000 thru $399,999 11 76 $400,000 thru $449,999 9 180 $450,000 thru $499,999 3 17 $500,000 thru $549,999 5 93 $550,000 thru $599,999 3 237 $600,000 thru $649,999 2 62 $650,000 thru $699,999 1 801 $700,000 thru $749,999 1 65 $800,000 thru $849,999 2 213 $850,000 thru $899,999 1 103 $1,000,000 thru $1,249,999 1 62 $4,750,000 thru $4,999,999 1 362   103 115   Summary Price Information Minimum $69,000 Maximum $4,950,000 Average $390,565 Median $310,000 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 05/22/13 at 8:47am Sold Selling Price Range Quantity Average DOM $50,000 thru $59,999 1 646 $70,000 thru $79,999 2 48 $80,000 thru $89,999 1 38 $100,000 thru $119,999 5 122 $120,000 thru $139,999 8 236 $140,000 thru $159,999 14 184 $160,000 thru $179,999 13 91 $180,000 thru $199,999 19 82 $200,000 thru $249,999 41 115 $250,000 thru $299,999 42 95 $300,000 thru $349,999 38 154 $350,000 thru $399,999 22 238 $400,000 thru $449,999 28 172 $450,000 thru $499,999 15 113 $500,000 thru $549,999 14 173 $550,000 thru $599,999 11 131 $600,000 thru $649,999 6 123 $650,000 thru $699,999 6 84 $700,000 thru $749,999 4 56 $750,000 thru $799,999 4 113 $800,000 thru $849,999 3 208 $850,000 thru $899,999 2 112 $900,000 thru $949,999 1 170 $1,000,000 thru $1,249,999 5 256 $1,250,000 thru $1,499,999 1 137 $1,500,000 thru $1,749,999 1 249 $1,750,000 thru $1,999,999 1 30   308 141   Summary Price Information Minimum $52,000 Maximum $1,760,000 Average $365,112 Median $313,500 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

Higher interest rates and low inventory is not affecting the homes sales on the Nevada East Shore of Lake Tahoe!  To measure the most current buyer activity, I use the Market Activity Ratio, which is the relationship between the number of available homes on the market and the pending sales.  This past week the Market Activity Ratio showed that 28.8% of the available homes sales are now pending sales in escrow which is 1.1% higher than the previous week.  This is the result of the number of available homes for sale increasing by 1 as the number of pending sales increased by 3.  The distress sales (foreclosures and short sales) are no longer available for sale but it still represents 34.7% of the pending sales that have not yet closed.

There were 4 new sales completed this past week for a YTD total of 80 sales.  One sale was a townhome on Quacking Aspen for $245,000 and the other three sales were homes on Cottonwood Dr for $299,000, The Back Rd for $2,800,000 and Glenbrook Inn for $3,100,000.  The high end sales had sharply increased the 6 month average sales price by 10.5% to $1,189,458.  The average days on market are 191 days.

Home sales in South Lake Tahoe seem to have fallen off a little which could be more of a reflection on the lack of inventory.  Interest rates are on the rise which could impact buyer decisions as well.  To measure the most current buyer activity, I use the Market Activity Ratio, which is the relationship between the number of homes available on the market and the pending sales.  This past week the Market Activity Ratio showed that 40.9% of the available homes for sale are now pending sales in escrow  which is 1.8% lower than the previous week.  This is the result of the available homes on the market increasing by 4 as the pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) are impacting the market far less than the previous year as it now only represents 4.2% of the available homes on the market and 24.6% of the pending sale.

This past week there were 19 completed sales transactions for a YTD total of 228 sales.  The sales ranged from a low of $140,000 to a high of $1,700,000.  The majority of the sales were under $375,000.  The top three sales were on Kokanee Way for $772,500, Lucerne Way  for $775,000 and White Sands Dr for $1,700,000.  Despite the high end sales the 6 month average sales price did drop by 3.6% to $362,073.  The average days on market are 140 days.

Listings per Status

Area Market Survey Summary Listings as of 05/17/13 at 10:13am Active Listing Price Range Quantity Average DOM $70,000 thru $79,999 1 21 $140,000 thru $159,999 3 160 $160,000 thru $179,999 7 98 $180,000 thru $199,999 6 66 $200,000 thru $249,999 12 161 $250,000 thru $299,999 16 128 $300,000 thru $349,999 13 51 $350,000 thru $399,999 18 89 $400,000 thru $449,999 13 97 $450,000 thru $499,999 9 233 $500,000 thru $549,999 9 93 $550,000 thru $599,999 8 73 $600,000 thru $649,999 7 68 $650,000 thru $699,999 3 180 $700,000 thru $749,999 1 92 $750,000 thru $799,999 3 31 $800,000 thru $849,999 2 108 $850,000 thru $899,999 6 200 $900,000 thru $949,999 4 73 $950,000 thru $999,999 4 657 $1,000,000 thru $1,249,999 5 56 $1,250,000 thru $1,499,999 6 332 $1,500,000 thru $1,749,999 3 32 $1,750,000 thru $1,999,999 1 314 $2,000,000 thru $2,249,999 1 42 $2,250,000 thru $2,499,999 1 45 $2,750,000 thru $2,999,999 1 420 $4,500,000 thru $4,749,999 2 153   165 131   Summary Price Information Minimum $79,900 Maximum $4,700,000 Average $618,220 Median $425,000 Pending Listing Price Range Quantity Average DOM $60,000 thru $69,999 1 140 $80,000 thru $89,999 1 366 $120,000 thru $139,999 1 1647 $140,000 thru $159,999 6 59 $160,000 thru $179,999 5 87 $180,000 thru $199,999 7 40 $200,000 thru $249,999 23 78 $250,000 thru $299,999 16 87 $300,000 thru $349,999 13 87 $350,000 thru $399,999 12 161 $400,000 thru $449,999 10 165 $450,000 thru $499,999 2 20 $500,000 thru $549,999 5 88 $550,000 thru $599,999 2 331 $600,000 thru $649,999 2 57 $650,000 thru $699,999 1 796 $700,000 thru $749,999 1 60 $800,000 thru $849,999 3 143 $850,000 thru $899,999 1 98 $1,000,000 thru $1,249,999 1 57 $4,750,000 thru $4,999,999 1 357   114 124   Summary Price Information Minimum $69,000 Maximum $4,950,000 Average $380,365 Median $296,500 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 05/17/13 at 10:13am Sold Selling Price Range Quantity Average DOM $50,000 thru $59,999 2 356 $70,000 thru $79,999 2 48 $80,000 thru $89,999 1 38 $90,000 thru $99,999 1 699 $100,000 thru $119,999 5 122 $120,000 thru $139,999 8 236 $140,000 thru $159,999 13 195 $160,000 thru $179,999 17 90 $180,000 thru $199,999 18 85 $200,000 thru $249,999 43 110 $250,000 thru $299,999 40 98 $300,000 thru $349,999 38 159 $350,000 thru $399,999 20 194 $400,000 thru $449,999 29 168 $450,000 thru $499,999 16 118 $500,000 thru $549,999 15 173 $550,000 thru $599,999 10 135 $600,000 thru $649,999 6 123 $650,000 thru $699,999 6 84 $700,000 thru $749,999 4 56 $750,000 thru $799,999 4 113 $800,000 thru $849,999 3 208 $850,000 thru $899,999 2 112 $900,000 thru $949,999 1 170 $1,000,000 thru $1,249,999 5 256 $1,250,000 thru $1,499,999 1 137 $1,500,000 thru $1,749,999 1 249 $1,750,000 thru $1,999,999 1 30   312 140   Summary Price Information Minimum $52,000 Maximum $1,760,000 Average $362,073 Median $311,000 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

The buyers are showing an unquenchable thirst for the high end homes on the Nevada east shore of Lake Tahoe.   To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the pending sales.  This past week the Market Activity Ratio is now showing that 27.7% of the available homes are now pending sales which is up by 1.2%.  This is the result of the number of homes available on the market increasing by 5 as the pending sales increased by 1.  The distress sales (short sales and bank owned foreclosures) are not impacting the market much as it now only represents 1.7% of the available inventory and 32.6% of the pending sales.

This past week there were 7 new sales for a YTD total of 76 sales.  The sales ranged from a low of $234,125 to a high of $4,150,000.  The top three sales were on Lincoln Hwy for $1,150,000, Hidden Woods for $2,750,000 and Yellow Jacket for $4,150,000.  This had increased the 6 month average sales price by 3.7% to $1,076,903.  The average days on market are 199 days.

Good news for Buyers!  We are finally seeing a rise in the inventory this past week with South Lake Tahoe homes for sale!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available for sale and the pending sales.  This past week the Market Activity Ratio showed that 42.7% of the homes on the market are now pending sales which is slightly down from the previous week by 1%.  This is the result of the number of available homes for sale increasing by 13 as the pending sales increased by 5.  The distress sales (short sales and bank owned foreclosures) are continue to have a low impact on the market is it now only represents 5% of the available homes for sale and 24.2% of the pending sales.

This past week there were 12 new sales for a YTD total of 209 sales.  The sales ranged from a low of $105,000 to a high of $772,500.  Most of the sales were above $305,000.  The top three sales were on Lamor Ct for $430,000, Wagon Train Tr for $450,000 and Kokanee Way for $772,500.  This had increased the 6 month average sales price by .3% to $375,488.  The average days on market are 145 days.

Listings per Status

Area Market Survey Summary Listings as of 05/10/13 at 10:43am Active Listing Price Range Quantity Average DOM $70,000 thru $79,999 1 14 $140,000 thru $159,999 4 220 $160,000 thru $179,999 9 74 $180,000 thru $199,999 5 72 $200,000 thru $249,999 11 164 $250,000 thru $299,999 16 127 $300,000 thru $349,999 12 49 $350,000 thru $399,999 15 101 $400,000 thru $449,999 12 98 $450,000 thru $499,999 10 206 $500,000 thru $549,999 8 90 $550,000 thru $599,999 9 66 $600,000 thru $649,999 5 87 $650,000 thru $699,999 3 173 $700,000 thru $749,999 1 85 $750,000 thru $799,999 4 38 $800,000 thru $849,999 3 70 $850,000 thru $899,999 5 232 $900,000 thru $949,999 4 66 $950,000 thru $999,999 4 650 $1,000,000 thru $1,249,999 6 49 $1,250,000 thru $1,499,999 6 325 $1,500,000 thru $1,749,999 2 64 $1,750,000 thru $1,999,999 1 307 $2,000,000 thru $2,249,999 1 35 $2,250,000 thru $2,499,999 1 38 $2,750,000 thru $2,999,999 1 413 $4,500,000 thru $4,749,999 2 146   161 132   Summary Price Information Minimum $79,900 Maximum $4,700,000 Average $619,631 Median $439,000 Pending Listing Price Range Quantity Average DOM $60,000 thru $69,999 1 133 $80,000 thru $89,999 1 359 $120,000 thru $139,999 1 1640 $140,000 thru $159,999 7 42 $160,000 thru $179,999 4 102 $180,000 thru $199,999 8 33 $200,000 thru $249,999 24 78 $250,000 thru $299,999 19 96 $300,000 thru $349,999 12 94 $350,000 thru $399,999 12 154 $400,000 thru $449,999 12 211 $450,000 thru $499,999 3 23 $500,000 thru $549,999 4 101 $550,000 thru $599,999 1 638 $600,000 thru $649,999 2 50 $650,000 thru $699,999 2 427 $700,000 thru $749,999 1 53 $750,000 thru $799,999 1 66 $800,000 thru $849,999 2 201 $850,000 thru $899,999 1 91 $1,500,000 thru $1,749,999 1 244 $4,750,000 thru $4,999,999 1 350   120 130   Summary Price Information Minimum $69,000 Maximum $4,950,000 Average $379,046 Median $289,250 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 05/10/13 at 10:43am Sold Selling Price Range Quantity Average DOM $50,000 thru $59,999 2 356 $70,000 thru $79,999 2 48 $80,000 thru $89,999 1 38 $90,000 thru $99,999 1 699 $100,000 thru $119,999 5 122 $120,000 thru $139,999 9 228 $140,000 thru $159,999 13 198 $160,000 thru $179,999 15 97 $180,000 thru $199,999 18 153 $200,000 thru $249,999 43 107 $250,000 thru $299,999 38 99 $300,000 thru $349,999 38 162 $350,000 thru $399,999 20 205 $400,000 thru $449,999 26 149 $450,000 thru $499,999 16 122 $500,000 thru $549,999 15 173 $550,000 thru $599,999 11 128 $600,000 thru $649,999 6 117 $650,000 thru $699,999 6 84 $700,000 thru $749,999 4 56 $750,000 thru $799,999 3 127 $800,000 thru $849,999 3 208 $850,000 thru $899,999 2 112 $900,000 thru $949,999 1 170 $1,000,000 thru $1,249,999 6 242 $1,250,000 thru $1,499,999 1 137 $1,750,000 thru $1,999,999 1 30 $2,250,000 thru $2,499,999 1 250 $3,000,000 thru $3,249,999 1 415   308 145   Summary Price Information Minimum $52,000 Maximum $3,175,000 Average $375,488 Median $313,500 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

The Stateline, Nevada real estate market is showing just a little dip in sales this past week.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the pending sales.  This past week the Market Activity Ratio had decreased by 2% and it’s now showing that 26.5% of the available homes for sale are now pending sales in escrow.  This is the result of the number of available homes for sale decreasing by 1 as the pending sales decreased by 4.  The distress sales (short sales and bank owned foreclosures) are impacting the market very little as it now represents 2.4% of the available homes for sale and 26.7% of the pending sales.

This past week there were 5 new sales for a YTD total of 69 sales.  The sales ranged from a low of $172,000 to a high of $4,000,000.  The top three sales were a couple townhomes on Quaking Aspen for 279,000, Angora Ct for $287,000 and a Lake Front Home on Skyland Ct for $4,000,000.  This had decreased the 6 month average sales price by 2.4% to $1,131,561.  The average days on market are 200 days.

The South Lake Tahoe real estate sales continue to show consistency with both the supply and demand.  To measure the most current buyer activity, I use the Market Activity Ratio, which is the relationship between the number of homes available on the market and the pending sales.  This past week the Market Activity Ratio showed us that 43.7% of the available homes on the market are now pending sales in escrow which is an increase of .9% from the  previous week.  This is due to the number of available homes decreasing by 3 as the Pending sales increased by 2.  The distress sales (short sales and bank owned foreclosures) are impacting the market very little as it now only represents 4.7% of the available homes for sale and 24.3% of the pending sales in escrow.

This past week there were 14 new sales for a YTD total of 197 sales.  The sales ranged from a low of $236,000 and a high of $1,760,000.  Half of the sales were above $400,000 with the top three sales on Herbert Ave for $690,000, Alice Lake Rd for $707,500 and White Sands Dr for $1,760,000.  This had increased the 6 month average sales price by 1.7% to $374,386.  The average days on market are 144 days.

Listings per Status

Area Market Survey Summary Listings as of 05/03/13 at 10:46am Active Listing Price Range Quantity Average DOM $70,000 thru $79,999 1 7 $140,000 thru $159,999 4 213 $160,000 thru $179,999 6 103 $180,000 thru $199,999 5 73 $200,000 thru $249,999 15 145 $250,000 thru $299,999 13 149 $300,000 thru $349,999 9 61 $350,000 thru $399,999 14 93 $400,000 thru $449,999 12 114 $450,000 thru $499,999 9 223 $500,000 thru $549,999 6 111 $550,000 thru $599,999 8 67 $600,000 thru $649,999 4 102 $650,000 thru $699,999 4 175 $700,000 thru $749,999 1 78 $750,000 thru $799,999 4 31 $800,000 thru $849,999 1 23 $850,000 thru $899,999 5 225 $900,000 thru $949,999 3 56 $950,000 thru $999,999 5 528 $1,000,000 thru $1,249,999 6 42 $1,250,000 thru $1,499,999 6 318 $1,500,000 thru $1,749,999 1 71 $1,750,000 thru $1,999,999 1 300 $2,000,000 thru $2,249,999 1 28 $2,250,000 thru $2,499,999 1 31 $2,750,000 thru $2,999,999 1 406 $4,500,000 thru $4,749,999 2 139   148 141   Summary Price Information Minimum $79,900 Maximum $4,700,000 Average $626,795 Median $439,000 Pending Listing Price Range Quantity Average DOM $60,000 thru $69,999 1 126 $80,000 thru $89,999 1 352 $120,000 thru $139,999 1 1633 $140,000 thru $159,999 8 39 $160,000 thru $179,999 4 96 $180,000 thru $199,999 7 24 $200,000 thru $249,999 20 83 $250,000 thru $299,999 20 100 $300,000 thru $349,999 11 124 $350,000 thru $399,999 10 175 $400,000 thru $449,999 11 181 $450,000 thru $499,999 3 27 $500,000 thru $549,999 4 94 $550,000 thru $599,999 2 357 $600,000 thru $649,999 2 43 $650,000 thru $699,999 2 420 $700,000 thru $749,999 1 46 $750,000 thru $799,999 1 59 $800,000 thru $849,999 3 204 $850,000 thru $899,999 1 84 $1,500,000 thru $1,749,999 1 237 $4,750,000 thru $4,999,999 1 343   115 132   Summary Price Information Minimum $69,000 Maximum $4,950,000 Average $387,967 Median $289,000 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 05/03/13 at 10:46am Sold Selling Price Range Quantity Average DOM $50,000 thru $59,999 2 356 $70,000 thru $79,999 2 48 $80,000 thru $89,999 2 105 $90,000 thru $99,999 1 699 $100,000 thru $119,999 4 136 $120,000 thru $139,999 9 228 $140,000 thru $159,999 13 198 $160,000 thru $179,999 16 116 $180,000 thru $199,999 20 149 $200,000 thru $249,999 46 107 $250,000 thru $299,999 37 96 $300,000 thru $349,999 38 140 $350,000 thru $399,999 20 207 $400,000 thru $449,999 23 163 $450,000 thru $499,999 15 127 $500,000 thru $549,999 16 174 $550,000 thru $599,999 12 130 $600,000 thru $649,999 6 117 $650,000 thru $699,999 6 84 $700,000 thru $749,999 5 62 $750,000 thru $799,999 2 160 $800,000 thru $849,999 4 175 $850,000 thru $899,999 2 112 $900,000 thru $949,999 1 170 $1,000,000 thru $1,249,999 6 242 $1,250,000 thru $1,499,999 1 137 $1,750,000 thru $1,999,999 1 30 $2,250,000 thru $2,499,999 1 250 $3,000,000 thru $3,249,999 1 415   312 144   Summary Price Information Minimum $52,000 Maximum $3,175,000 Average $374,386 Median $310,000 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

Homes sales on the  East shore of Lake Tahoe continue to rock!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the pending sales.  The Market Activity Ratio had slightly decreased by 1% which shows us that 28% of the available homes for sale are now pending sales.  This is the result of the Active listings decreasing by 1 as the Pending sales decreased by 3.  The distress sales (short sales and bank owned foreclosures) are now only representing 1.6% of the available homes for sale and 24.5% of the pending sales.

This past week there were 7 new sales for a YTD total of 64 sales.  The lowest sale was a townhome in Lake Village for $287,000 and the top 3 sales were on Hall Ct for $579,000, Ponderosa Dr for $1,100,000 and Lakeview for $1,165,000.  This was enough to increase the 6 month average sales price by 5.1%.  The average days on market are 191 days.

Pending homes sales in South Lake Tahoe are back up after a dip from the previous week and the inventory is still flat!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of available homes for sale and the pending sales.  This past week the Market Activity Ratio had increased by 2% and it is now showing that 42.8% of the available homes for sale are now pending sales in escrow.  The number of homes available for sale is down by 5 as the pending sales increased by 13.  The distress sales (short sales and bank owned foreclosures)are now only represents 6% of the available homes for sales and 23.9% of the pending sales.

There were 11 new sales this past week for a YTD total of 183 sales.  The sales ranged from a low of $158,000 to a high of $690,000.  Half of the sales were above $400,000 with the top three sales on Kickapoo for $510,000, Marconi Way for $685,000 and Herbert Ave for $690,000.  This was enough to increase the 6 month average sales price by .6% to $368,044.  The average days on market are 145 days.

Listings per Status

Area Market Survey Summary Listings as of 04/26/13 at 10:46am Active Listing Price Range Quantity Average DOM $140,000 thru $159,999 5 168 $160,000 thru $179,999 8 85 $180,000 thru $199,999 5 71 $200,000 thru $249,999 20 117 $250,000 thru $299,999 12 179 $300,000 thru $349,999 10 71 $350,000 thru $399,999 13 107 $400,000 thru $449,999 12 118 $450,000 thru $499,999 9 216 $500,000 thru $549,999 5 126 $550,000 thru $599,999 8 70 $600,000 thru $649,999 2 191 $650,000 thru $699,999 5 163 $700,000 thru $749,999 1 71 $750,000 thru $799,999 3 33 $800,000 thru $849,999 1 16 $850,000 thru $899,999 5 218 $900,000 thru $949,999 1 151 $950,000 thru $999,999 5 521 $1,000,000 thru $1,249,999 6 35 $1,250,000 thru $1,499,999 7 304 $1,500,000 thru $1,749,999 1 64 $1,750,000 thru $1,999,999 2 705 $2,000,000 thru $2,249,999 1 21 $2,250,000 thru $2,499,999 1 24 $2,750,000 thru $2,999,999 1 399 $4,500,000 thru $4,749,999 2 132   151 151   Summary Price Information Minimum $147,000 Maximum $4,700,000 Average $620,983 Median $415,000 Pending Listing Price Range Quantity Average DOM $60,000 thru $69,999 1 119 $80,000 thru $89,999 1 345 $120,000 thru $139,999 1 1626 $140,000 thru $159,999 7 34 $160,000 thru $179,999 2 126 $180,000 thru $199,999 6 24 $200,000 thru $249,999 15 89 $250,000 thru $299,999 23 85 $300,000 thru $349,999 13 118 $350,000 thru $399,999 8 190 $400,000 thru $449,999 14 221 $450,000 thru $499,999 3 51 $500,000 thru $549,999 4 87 $550,000 thru $599,999 2 410 $600,000 thru $649,999 2 36 $650,000 thru $699,999 2 413 $700,000 thru $749,999 2 55 $750,000 thru $799,999 1 52 $800,000 thru $849,999 3 197 $850,000 thru $899,999 1 77 $1,500,000 thru $1,749,999 1 230 $4,750,000 thru $4,999,999 1 336   113 140   Summary Price Information Minimum $69,000 Maximum $4,950,000 Average $401,648 Median $310,000 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 04/26/13 at 10:46am Sold Selling Price Range Quantity Average DOM $50,000 thru $59,999 2 356 $60,000 thru $69,999 1 175 $70,000 thru $79,999 2 48 $80,000 thru $89,999 2 105 $90,000 thru $99,999 1 699 $100,000 thru $119,999 4 136 $120,000 thru $139,999 9 228 $140,000 thru $159,999 14 194 $160,000 thru $179,999 17 114 $180,000 thru $199,999 22 151 $200,000 thru $249,999 48 107 $250,000 thru $299,999 38 111 $300,000 thru $349,999 37 142 $350,000 thru $399,999 21 199 $400,000 thru $449,999 24 156 $450,000 thru $499,999 14 130 $500,000 thru $549,999 17 177 $550,000 thru $599,999 11 127 $600,000 thru $649,999 6 117 $650,000 thru $699,999 6 84 $700,000 thru $749,999 5 60 $750,000 thru $799,999 2 160 $800,000 thru $849,999 4 175 $850,000 thru $899,999 2 112 $900,000 thru $949,999 1 170 $1,000,000 thru $1,249,999 6 242 $1,250,000 thru $1,499,999 2 110 $2,250,000 thru $2,499,999 1 250 $3,000,000 thru $3,249,999 1 415   320 145   Summary Price Information Minimum $52,000 Maximum $3,175,000 Average $368,044 Median $296,500 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045