Lake Tahoe East Shore Weekly Real Estate Market Statistics
February 18, 2010
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.
Despite the warmer temperatures this past week, the NV market cooled off. To measure the current buyer activity, use the Market Activity Ratio. This is the relationship between the Active Listings and the Pending Sales. This past week we saw the Maret Activity Ratio drop from 16.3% to 13.9%. This was the result of the Active Listings increasing by 1 as the Pending Sales decreased by 5.
There were 3 new sales this past week for a YTD of 17. This brought the 6 month Sales Average down by .1% to $775,338. The Average Days On Market is now 220 days. The sales were in Lake Village for $265,000, Upper Kingsbury for $490,000 and Glenbrook for $1,025,000. It is interesting to note that there are 13 pending short sales, which represents 52% of the Pending Sales.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 180 | $398,603,223 | $2,214,462 | $747,000 | 318 | |||
| Listings Under Contract | 0 | $0 | $0 | $0 | 0 | |||
| Listings Sold 2010 | 17 | $8,097,050 | $476,297 | $450,000 | 247 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 31 | $10,054,500 | $324,339 | $285,000 | 317 | |||
| Upper Kingsbury | 7 | $5,790,500 | $827,214 | $649,000 | 339 | |||
| Mid Kingsbury | 9 | $8,311,500 | $923,500 | $550,000 | 299 | |||
| Lower Kingsbury | 5 | $8,297,000 | $1,659,400 | $1,850,000 | 145 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 475 | |||
| Lake Village | 9 | $3,658,850 | $406,539 | $355,000 | 247 | |||
| Round Hill | 12 | $12,565,999 | $1,047,167 | $759,000 | 423 | |||
| Elk Point | 2 | $3,840,000 | $1,920,000 | $1,920,000 | 165 | |||
| Pinewild/Marla | 5 | $3,542,777 | $708,555 | $550,000 | 285 | |||
| Zephyr Heights/Knolls | 7 | $6,218,000 | $888,286 | $745,000 | 304 | |||
| Skyland/Tall Pn/Snug Harbor | 6 | $5,383,000 | $897,167 | $957,000 | 154 | |||
| Hidden Woods | 2 | $3,770,000 | $1,885,000 | $1,885,000 | 235 | |||
| Upper & Lower Lakeridge - LT | 7 | $7,181,000 | $1,025,857 | $1,095,000 | 279 | |||
| Cave Rock | 11 | $21,151,000 | $1,922,818 | $2,400,000 | 446 | |||
| Logan/Cedarbrok | 1 | $4,495,000 | $4,495,000 | $4,495,000 | 864 | |||
| Glenbrk/Uppaway | 12 | $42,393,500 | $3,532,792 | $2,297,500 | 359 | |||
| Lakefront Propt | 18 | $208,602,500 | $11,589,028 | $4,995,000 | 427 | |||
| Sub Total | 145 | $356,950,126 | $2,461,725 | $849,000 | 334 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Pinewild/Marla | 1 | $1,445,000 | $1,445,000 | $1,445,000 | 6 | |||
| Zephyr Heights/Knolls | 2 | $1,398,000 | $699,000 | $699,000 | 3 | |||
| Sub Total | 3 | $2,843,000 | $947,667 | $769,000 | 4 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Glenbrk/Uppaway | 3 | $13,795,000 | $4,598,333 | $4,250,000 | 337 | |||
| Sub Total | 3 | $13,795,000 | $4,598,333 | $4,250,000 | 337 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $109,000 | $109,000 | $109,000 | 93 | |||
| Round Hill | 1 | $359,000 | $359,000 | $359,000 | 113 | |||
| Pinewild/Marla | 1 | $450,000 | $450,000 | $450,000 | 54 | |||
| Hidden Woods | 1 | $2,900,000 | $2,900,000 | $2,900,000 | 126 | |||
| Sub Total | 4 | $3,818,000 | $954,500 | $404,500 | 97 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $934,400 | $311,467 | $249,000 | 177 | |||
| Upper Kingsbury | 1 | $429,000 | $429,000 | $429,000 | 25 | |||
| Mid Kingsbury | 1 | $545,000 | $545,000 | $545,000 | 3 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $895,000 | $895,000 | $895,000 | 309 | |||
| Logan/Cedarbrok | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 916 | |||
| Lakefront Propt | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 958 | |||
| Sub Total | 8 | $10,493,400 | $1,311,675 | $523,450 | 343 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $135,000 | $135,000 | $135,000 | 101 | |||
| Lake Village | 1 | $299,000 | $299,000 | $299,000 | 20 | |||
| Round Hill | 1 | $425,997 | $425,997 | $425,997 | 228 | |||
| Zephyr Cove | 1 | $799,900 | $799,900 | $799,900 | 882 | |||
| Sub Total | 4 | $1,659,897 | $414,974 | $362,499 | 308 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $334,000 | $167,000 | $167,000 | 481 | |||
| Upper Kingsbury | 3 | $2,559,800 | $853,267 | $79,900 | 167 | |||
| Mid Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 217 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 146 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 355 | |||
| Round Hill | 2 | $874,000 | $437,000 | $437,000 | 85 | |||
| Zephyr Heights/Knolls | 2 | $2,109,000 | $1,054,500 | $1,054,500 | 228 | |||
| Lakefront Propt | 1 | $2,250,000 | $2,250,000 | $2,250,000 | 645 | |||
| Sub Total | 13 | $9,043,800 | $695,677 | $399,000 | 265 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 22 | $4,327,750 | $196,716 | $169,500 | 179 | |||
| Upper Kingsbury | 5 | $4,589,900 | $917,980 | $313,000 | 260 | |||
| Mid Kingsbury | 6 | $3,168,386 | $528,064 | $482,000 | 314 | |||
| Lower Kingsbury | 5 | $1,748,800 | $349,760 | $339,900 | 87 | |||
| Lincoln Park | 1 | $450,000 | $450,000 | $450,000 | 174 | |||
| Lake Village | 7 | $2,393,900 | $341,986 | $265,000 | 50 | |||
| Round Hill | 7 | $5,078,250 | $725,464 | $456,000 | 133 | |||
| Pinewild/Marla | 3 | $1,555,000 | $518,333 | $500,000 | 250 | |||
| Zephyr Heights/Knolls | 5 | $2,705,400 | $541,080 | $535,000 | 295 | |||
| Zephyr Cove | 1 | $725,000 | $725,000 | $725,000 | 107 | |||
| Skyland/Tall Pn/Snug Harbor | 2 | $1,311,000 | $655,500 | $655,500 | 190 | |||
| Upper & Lower Lakeridge - LT | 1 | $1,100,000 | $1,100,000 | $1,100,000 | 59 | |||
| Cave Rock | 2 | $2,022,000 | $1,011,000 | $1,011,000 | 531 | |||
| Glenbrk/Uppaway | 5 | $9,475,000 | $1,895,000 | $1,500,000 | 340 | |||
| Lakefront Propt | 3 | $16,000,000 | $5,333,333 | $4,550,000 | 655 | |||
| Sub Total | 75 | $56,650,386 | $755,338 | $356,400 | 220 | |||
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