Lake Tahoe East Shore Weekly Real Estate Market Statistics
March 12, 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.
The Nevada East Shore market is showing movement in the market. To measure the most current Buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales. This past week the Market Activity Ratio spiked from 12.6% to 14%. This is due to the Active Listing inventory remaining the same and the Pending Sales increasing by 3. It is interesting to note that there are now 12 Pending short sales which represents 46% of the total pending sales.
This past week there were 4 New Sales for a YTD of 25 sales. The sales were on a couple of condos on top of Kingsbury for $235,000 and $179,000, Lakridge for $475,000 and a lake front property on Lakeview for $1.7 million. This brought the 6 month average down by 4.5% to $725,376. The Average Days On Market is 223 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 184 | $397,994,426 | $2,163,013 | $735,000 | 321 | |||
| Listings Under Contract | 2 | $529,020 | $264,510 | $264,510 | 63 | |||
| Listings Sold 2010 | 25 | $12,130,050 | $485,202 | $449,000 | 241 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 31 | $9,705,100 | $313,068 | $265,000 | 297 | |||
| Upper Kingsbury | 7 | $5,790,500 | $827,214 | $649,000 | 361 | |||
| Mid Kingsbury | 8 | $7,862,000 | $982,750 | $572,500 | 352 | |||
| Lower Kingsbury | 5 | $8,247,000 | $1,649,400 | $1,850,000 | 167 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 497 | |||
| Lake Village | 12 | $5,079,950 | $423,329 | $352,500 | 231 | |||
| Round Hill | 12 | $12,220,999 | $1,018,417 | $759,000 | 432 | |||
| Elk Point | 1 | $1,950,000 | $1,950,000 | $1,950,000 | 159 | |||
| Pinewild/Marla | 8 | $7,785,677 | $973,210 | $734,950 | 171 | |||
| Zephyr Heights/Knolls | 11 | $9,560,000 | $869,091 | $745,000 | 215 | |||
| Skyland/Tall Pn/Snug Harbor | 5 | $4,167,000 | $833,400 | $799,000 | 171 | |||
| Hidden Woods | 3 | $6,670,000 | $2,223,333 | $2,595,000 | 220 | |||
| Upper & Lower Lakeridge – LT | 4 | $4,288,000 | $1,072,000 | $1,122,000 | 441 | |||
| Cave Rock | 10 | $18,656,000 | $1,865,600 | $1,875,000 | 406 | |||
| Logan/Cedarbrok | 1 | $4,495,000 | $4,495,000 | $4,495,000 | 886 | |||
| Glenbrk/Uppaway | 16 | $60,383,500 | $3,773,969 | $4,050,000 | 377 | |||
| Lakefront Propt | 16 | $198,085,000 | $12,380,313 | $4,995,000 | 476 | |||
| Sub Total | 151 | $366,640,726 | $2,428,084 | $769,000 | 328 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $439,000 | $219,500 | $219,500 | 5 | |||
| Sub Total | 2 | $439,000 | $219,500 | $219,500 | 5 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $399,000 | $399,000 | $399,000 | 550 | |||
| Sub Total | 1 | $399,000 | $399,000 | $399,000 | 550 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $592,400 | $296,200 | $296,200 | 100 | |||
| Round Hill | 1 | $548,000 | $548,000 | $548,000 | 292 | |||
| Elk Point | 1 | $1,870,000 | $1,870,000 | $1,870,000 | 214 | |||
| Cave Rock | 1 | $2,150,000 | $2,150,000 | $2,150,000 | 1087 | |||
| Lakefront Propt | 1 | $4,650,000 | $4,650,000 | $4,650,000 | 95 | |||
| Sub Total | 6 | $9,810,400 | $1,635,067 | $1,209,000 | 315 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $239,000 | $239,000 | $239,000 | 416 | |||
| Upper Kingsbury | 1 | $535,000 | $535,000 | $535,000 | 7 | |||
| Mid Kingsbury | 2 | $994,500 | $497,250 | $497,250 | 50 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $895,000 | $895,000 | $895,000 | 331 | |||
| Logan/Cedarbrok | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 938 | |||
| Lakefront Propt | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 980 | |||
| Sub Total | 7 | $10,353,500 | $1,479,071 | $545,000 | 396 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lake Village | 2 | $604,000 | $302,000 | $302,000 | 113 | |||
| Zephyr Cove | 1 | $799,900 | $799,900 | $799,900 | 904 | |||
| Upper & Lower Lakeridge – LT | 2 | $2,144,000 | $1,072,000 | $1,072,000 | 62 | |||
| Sub Total | 5 | $3,547,900 | $709,580 | $799,900 | 251 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $474,000 | $158,000 | $140,000 | 384 | |||
| Upper Kingsbury | 2 | $2,429,900 | $1,214,950 | $1,214,950 | 210 | |||
| Mid Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 239 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 168 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 377 | |||
| Round Hill | 2 | $874,000 | $437,000 | $437,000 | 107 | |||
| Zephyr Heights/Knolls | 2 | $2,109,000 | $1,054,500 | $1,054,500 | 250 | |||
| Sub Total | 12 | $6,803,900 | $566,992 | $339,000 | 256 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 24 | $4,936,750 | $205,698 | $172,525 | 179 | |||
| Upper Kingsbury | 6 | $4,803,900 | $800,650 | $356,500 | 232 | |||
| Mid Kingsbury | 6 | $3,168,386 | $528,064 | $482,000 | 314 | |||
| Lower Kingsbury | 3 | $1,149,900 | $383,300 | $340,000 | 120 | |||
| Lincoln Park | 1 | $450,000 | $450,000 | $450,000 | 174 | |||
| Lake Village | 6 | $2,143,900 | $357,317 | $324,000 | 53 | |||
| Round Hill | 7 | $5,327,250 | $761,036 | $456,000 | 148 | |||
| Pinewild/Marla | 3 | $1,555,000 | $518,333 | $500,000 | 250 | |||
| Zephyr Heights/Knolls | 3 | $1,759,000 | $586,333 | $535,000 | 425 | |||
| Skyland/Tall Pn/Snug Harbor | 2 | $1,311,000 | $655,500 | $655,500 | 190 | |||
| Upper & Lower Lakeridge – LT | 2 | $1,575,000 | $787,500 | $787,500 | 140 | |||
| Cave Rock | 2 | $2,022,000 | $1,011,000 | $1,011,000 | 531 | |||
| Glenbrk/Uppaway | 4 | $7,975,000 | $1,993,750 | $1,725,000 | 315 | |||
| Lakefront Propt | 3 | $14,050,000 | $4,683,333 | $4,550,000 | 531 | |||
| Sub Total | 72 | $52,227,086 | $725,376 | $405,000 | 223 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $135,000 | $135,000 | $135,000 | 121 | |||
| Round Hill | 1 | $394,020 | $394,020 | $394,020 | 4 | |||
| Sub Total | 2 | $529,020 | $264,510 | $264,510 | 63 | |||
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