Lake Tahoe East Shore Nevada Weekly Real Estate Market Statistics
October 29, 2009
What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes and Condos for the East Shore. I just started tracking condos with homes as of October 28th, 2009 which will be give different results from previous market reports. The reason that I use this segment of the market is that it has the most influence on the general value trends.
The Market Activity Ratio this past week is 15.4%. This is the relationship between the Active Listings (Inventory) and Pending Sales (Escrows) which now includes condos along with Single Family Homes. This is a trend that I follow to give a more current evaluation of market conditions. Surprisingly the percentage is simliar to the previous week which just included Single Family Homes at 15.4%.
The YTD sales is at 107 with a Median Sales Price of $450,000, Average Sales Price of $767,606 and Average Days On Market of 181. The were 3 sales in the past week which were in the amounts of $145,000, $339,900 and $500,000 which resembles the California market in which most of the sales are occurring at the low end under $400,000.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 226 | $456,805,851 | $2,021,265 | $750,000 | 299 | |||
| Listings Under Contract | 2 | $1,010,500 | $505,250 | $505,250 | 134 | |||
| Listings Sold 2009 | 107 | $82,133,880 | $767,606 | $450,000 | 181 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 33 | $12,689,900 | $384,542 | $359,000 | 297 | |||
| Upper Kingsbury | 9 | $7,207,000 | $800,778 | $525,000 | 304 | |||
| Mid Kingsbury | 10 | $14,262,400 | $1,426,240 | $1,325,000 | 287 | |||
| Lower Kingsbury | 4 | $7,024,000 | $1,756,000 | $1,572,500 | 111 | |||
| Lincoln Park | 2 | $2,294,000 | $1,147,000 | $1,147,000 | 217 | |||
| Lake Village | 15 | $7,089,900 | $472,660 | $485,000 | 287 | |||
| Round Hill | 16 | $18,587,950 | $1,161,747 | $1,170,000 | 398 | |||
| Elk Point | 2 | $3,940,000 | $1,970,000 | $1,970,000 | 53 | |||
| Pinewild/Marla | 9 | $8,053,254 | $894,806 | $647,777 | 270 | |||
| Zephyr Heights/Knolls | 7 | $6,731,550 | $961,650 | $799,000 | 339 | |||
| Zephyr Cove | 1 | $799,900 | $799,900 | $799,900 | 770 | |||
| Skyland/Tall Pn/Snug Harbor | 11 | $11,301,000 | $1,027,364 | $1,099,000 | 196 | |||
| Hidden Woods | 1 | $1,300,000 | $1,300,000 | $1,300,000 | 265 | |||
| Upper & Lower Lakeridge – LT | 6 | $6,562,500 | $1,093,750 | $1,172,000 | 232 | |||
| Cave Rock | 13 | $24,488,000 | $1,883,692 | $1,950,000 | 410 | |||
| Logan/Cedarbrok | 2 | $5,690,000 | $2,845,000 | $2,845,000 | 778 | |||
| Glenbrk/Uppaway | 22 | $82,411,000 | $3,745,955 | $2,722,500 | 251 | |||
| Lakefront Propt | 17 | $202,158,000 | $11,891,647 | $4,995,000 | 438 | |||
| Sub Total | 180 | $422,590,354 | $2,347,724 | $1,079,500 | 313 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $385,000 | $385,000 | $385,000 | 2 | |||
| Round Hill | 1 | $399,000 | $399,000 | $399,000 | 1 | |||
| Pinewild/Marla | 1 | $499,000 | $499,000 | $499,000 | 1 | |||
| Sub Total | 3 | $1,283,000 | $427,667 | $399,000 | 1 | |||
| Back On Market | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Round Hill | 1 | $425,997 | $425,997 | $425,997 | 116 | |||
| Lakefront Propt | 1 | $4,995,000 | $4,995,000 | $4,995,000 | 90 | |||
| Sub Total | 2 | $5,420,997 | $2,710,499 | $2,710,499 | 103 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Round Hill | 1 | $210,000 | $210,000 | $210,000 | 42 | |||
| Zephyr Heights/Knolls | 3 | $1,788,000 | $596,000 | $589,000 | 364 | |||
| Sub Total | 4 | $1,998,000 | $499,500 | $519,000 | 284 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lower Kingsbury | 1 | $499,000 | $499,000 | $499,000 | 55 | |||
| Round Hill | 1 | $569,000 | $569,000 | $569,000 | 159 | |||
| Zephyr Heights/Knolls | 1 | $1,999,000 | $1,999,000 | $1,999,000 | 470 | |||
| Logan/Cedarbrok | 1 | $2,399,000 | $2,399,000 | $2,399,000 | 752 | |||
| Lakefront Propt | 1 | $2,280,000 | $2,280,000 | $2,280,000 | 542 | |||
| Sub Total | 5 | $7,746,000 | $1,549,200 | $1,999,000 | 396 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $538,000 | $269,000 | $269,000 | 351 | |||
| Mid Kingsbury | 1 | $783,900 | $783,900 | $783,900 | 13 | |||
| Cave Rock | 1 | $1,500,000 | $1,500,000 | $1,500,000 | 946 | |||
| Glenbrk/Uppaway | 1 | $2,625,000 | $2,625,000 | $2,625,000 | 289 | |||
| Sub Total | 5 | $5,446,900 | $1,089,380 | $783,900 | 390 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $743,900 | $247,967 | $259,000 | 278 | |||
| Upper Kingsbury | 2 | $623,900 | $311,950 | $311,950 | 57 | |||
| Mid Kingsbury | 2 | $1,103,000 | $551,500 | $551,500 | 246 | |||
| Glenbrk/Uppaway | 1 | $1,100,000 | $1,100,000 | $1,100,000 | 124 | |||
| Sub Total | 8 | $3,570,800 | $446,350 | $294,450 | 195 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 8 | $1,927,000 | $240,875 | $194,500 | 219 | |||
| Upper Kingsbury | 5 | $4,734,800 | $946,960 | $425,000 | 221 | |||
| Mid Kingsbury | 3 | $1,389,000 | $463,000 | $495,000 | 386 | |||
| Lower Kingsbury | 1 | $210,000 | $210,000 | $210,000 | 34 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 243 | |||
| Round Hill | 1 | $210,000 | $210,000 | $210,000 | 41 | |||
| Sub Total | 19 | $8,749,800 | $460,516 | $210,000 | 228 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 20 | $4,216,950 | $210,848 | $180,250 | 188 | |||
| Upper Kingsbury | 16 | $9,474,810 | $592,176 | $379,000 | 156 | |||
| Mid Kingsbury | 4 | $5,788,000 | $1,447,000 | $1,217,500 | 305 | |||
| Lower Kingsbury | 10 | $4,535,800 | $453,580 | $345,000 | 109 | |||
| Kahle Park | 1 | $181,900 | $181,900 | $181,900 | 34 | |||
| Lake Village | 8 | $2,869,000 | $358,625 | $275,000 | 142 | |||
| Round Hill | 9 | $5,458,999 | $606,555 | $550,000 | 104 | |||
| Elk Point | 1 | $715,000 | $715,000 | $715,000 | 102 | |||
| Pinewild/Marla | 5 | $2,530,000 | $506,000 | $500,000 | 207 | |||
| Zephyr Heights/Knolls | 8 | $3,510,800 | $438,850 | $444,500 | 138 | |||
| Zephyr Cove | 2 | $1,225,000 | $612,500 | $612,500 | 78 | |||
| Skyland/Tall Pn/Snug Harbor | 7 | $4,988,500 | $712,643 | $756,000 | 170 | |||
| Hidden Woods | 2 | $3,515,000 | $1,757,500 | $1,757,500 | 565 | |||
| Upper & Lower Lakeridge – LT | 2 | $1,701,900 | $850,950 | $850,950 | 41 | |||
| Cave Rock | 4 | $1,697,221 | $424,305 | $377,500 | 175 | |||
| Glenbrk/Uppaway | 2 | $5,000,000 | $2,500,000 | $2,500,000 | 318 | |||
| Lakefront Propt | 6 | $24,725,000 | $4,120,833 | $4,212,500 | 425 | |||
| Sub Total | 107 | $82,133,880 | $767,606 | $450,000 | 181 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $115,500 | $115,500 | $115,500 | 71 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $895,000 | $895,000 | $895,000 | 197 | |||
| Sub Total | 2 | $1,010,500 | $505,250 | $505,250 | 134 | |||
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