Lake Tahoe East Shore Weekly Real Estate Market Statistics
January 15, 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 market remained somewhat consistent this past week. I like to track buyer activity with the Market Activity Ratio which is the relationship between Active Listings ( Inventory) and Pending Sales (Escrows). The Market Activity Ratio went from 15.6% to 15.7% which is a result of the Active Listings increasing by 5 and the Pending Sales increasing by 1.
There were 5 new Sales this past week and because it’s a new year the YTD is now a total of 5 sales. Sales for a one year period from today shows a Median Sales price of $404,500 and the Average Sales Price is $769,636. The sales were as low as $165,000 and the highest sale was $1,265,000.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 184 | $425,944,651 | $2,314,917 | $749,000 | 325 | |||
| Listings Under Contract | 2 | $386,900 | $193,450 | $193,450 | 45 | |||
| Listings Sold 2010 | 4 | $2,215,000 | $553,750 | $392,500 | 112 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 25 | $7,823,900 | $312,956 | $299,000 | 283 | |||
| Upper Kingsbury | 8 | $6,711,500 | $838,938 | $649,500 | 355 | |||
| Mid Kingsbury | 7 | $6,292,500 | $898,929 | $550,000 | 343 | |||
| Lower Kingsbury | 3 | $5,729,000 | $1,909,667 | $1,850,000 | 196 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 441 | |||
| Lake Village | 10 | $4,367,900 | $436,790 | $382,000 | 267 | |||
| Round Hill | 12 | $12,204,000 | $1,017,000 | $749,000 | 284 | |||
| Elk Point | 2 | $3,840,000 | $1,920,000 | $1,920,000 | 131 | |||
| Pinewild/Marla | 6 | $6,214,554 | $1,035,759 | $771,389 | 372 | |||
| Zephyr Heights/Knolls | 6 | $7,007,000 | $1,167,833 | $1,087,000 | 398 | |||
| Zephyr Cove | 1 | $799,900 | $799,900 | $799,900 | 848 | |||
| Skyland/Tall Pn/Snug Harbor | 9 | $9,322,000 | $1,035,778 | $1,099,000 | 253 | |||
| Hidden Woods | 3 | $7,220,000 | $2,406,667 | $2,595,000 | 165 | |||
| Upper & Lower Lakeridge - LT | 5 | $4,733,500 | $946,700 | $995,000 | 310 | |||
| Cave Rock | 9 | $19,006,000 | $2,111,778 | $2,495,000 | 480 | |||
| Logan/Cedarbrok | 3 | $8,089,000 | $2,696,333 | $2,399,000 | 847 | |||
| Glenbrk/Uppaway | 17 | $75,135,500 | $4,419,735 | $4,495,000 | 277 | |||
| Lakefront Propt | 18 | $210,001,500 | $11,666,750 | $4,995,000 | 393 | |||
| Sub Total | 145 | $396,192,754 | $2,732,364 | $1,099,000 | 332 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Mid Kingsbury | 1 | $595,000 | $595,000 | $595,000 | 5 | |||
| Sub Total | 1 | $595,000 | $595,000 | $595,000 | 5 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 4 | $1,201,300 | $300,325 | $299,250 | 395 | |||
| Upper Kingsbury | 1 | $284,900 | $284,900 | $284,900 | 149 | |||
| Round Hill | 1 | $749,000 | $749,000 | $749,000 | 1219 | |||
| Glenbrk/Uppaway | 1 | $1,995,000 | $1,995,000 | $1,995,000 | 584 | |||
| Sub Total | 7 | $4,230,200 | $604,314 | $399,500 | 504 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $1,188,000 | $594,000 | $594,000 | 204 | |||
| Mid Kingsbury | 1 | $2,250,000 | $2,250,000 | $2,250,000 | 119 | |||
| Sub Total | 3 | $3,438,000 | $1,146,000 | $999,000 | 176 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $249,000 | $249,000 | $249,000 | 392 | |||
| Lincoln Park | 1 | $499,000 | $499,000 | $499,000 | 148 | |||
| Pinewild/Marla | 1 | $545,000 | $545,000 | $545,000 | 377 | |||
| Lakefront Propt | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 924 | |||
| Sub Total | 4 | $7,788,000 | $1,947,000 | $522,000 | 460 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $339,000 | $339,000 | $339,000 | 115 | |||
| Lake Village | 1 | $249,900 | $249,900 | $249,900 | 71 | |||
| Round Hill | 2 | $924,997 | $462,499 | $462,499 | 187 | |||
| Zephyr Heights/Knolls | 1 | $539,000 | $539,000 | $539,000 | 56 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $595,000 | $595,000 | $595,000 | 122 | |||
| Glenbrk/Uppaway | 1 | $1,050,000 | $1,050,000 | $1,050,000 | 607 | |||
| Sub Total | 7 | $3,697,897 | $528,271 | $499,000 | 192 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $509,000 | $169,667 | $175,000 | 371 | |||
| Upper Kingsbury | 4 | $2,984,800 | $746,200 | $252,450 | 241 | |||
| Mid Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 183 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 112 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 321 | |||
| Lake Village | 1 | $279,000 | $279,000 | $279,000 | 73 | |||
| Round Hill | 2 | $824,000 | $412,000 | $412,000 | 68 | |||
| Pinewild/Marla | 1 | $425,000 | $425,000 | $425,000 | 242 | |||
| Zephyr Heights/Knolls | 1 | $419,000 | $419,000 | $419,000 | 405 | |||
| Cave Rock | 1 | $1,395,000 | $1,395,000 | $1,395,000 | 233 | |||
| Lakefront Propt | 1 | $2,250,000 | $2,250,000 | $2,250,000 | 620 | |||
| Sub Total | 17 | $10,002,800 | $588,400 | $399,000 | 259 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 34 | $7,061,150 | $207,681 | $180,250 | 194 | |||
| Upper Kingsbury | 16 | $9,474,810 | $592,176 | $379,000 | 156 | |||
| Mid Kingsbury | 9 | $8,353,386 | $928,154 | $784,000 | 334 | |||
| Lower Kingsbury | 11 | $5,005,800 | $455,073 | $350,000 | 111 | |||
| Kahle Park | 1 | $181,900 | $181,900 | $181,900 | 34 | |||
| Lake Village | 9 | $3,252,000 | $361,333 | $290,000 | 130 | |||
| Round Hill | 12 | $8,683,999 | $723,667 | $628,000 | 119 | |||
| Elk Point | 1 | $715,000 | $715,000 | $715,000 | 102 | |||
| Pinewild/Marla | 5 | $2,530,000 | $506,000 | $500,000 | 207 | |||
| Zephyr Heights/Knolls | 9 | $4,009,800 | $445,533 | $450,000 | 129 | |||
| 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 | 5 | $2,997,221 | $599,444 | $455,000 | 337 | |||
| Glenbrk/Uppaway | 4 | $8,450,000 | $2,112,500 | $1,925,000 | 266 | |||
| Lakefront Propt | 7 | $32,525,000 | $4,646,429 | $4,225,000 | 469 | |||
| Sub Total | 136 | $104,670,466 | $769,636 | $404,500 | 197 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $171,000 | $171,000 | $171,000 | 85 | |||
| Lake Village | 1 | $215,900 | $215,900 | $215,900 | 4 | |||
| Sub Total | 2 | $386,900 | $193,450 | $193,450 | 45 | |||
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