Lake Tahoe Nevada East Shore Weekly Market Statistics
December 17, 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 is still steady even as we close in on the Holidays. The Market Activity Ratio which is the relationship between the Active Listings (Inventory) and Pending Sales (Escrows) increased from 15.2% to 16.2% this past week. This increased as the Active listings dropped by 8 and the Pening Sales increased by 1.
This past week there were 3 new Sales which were all Condos priced at $125,000, $199,900, and $237,500. This brought down the Median Sales Price by 2.5% to $404,500 and the Average Sales Price by 1.8% to $785,362. The YTD total of Homes and Condos is now at 126 properties. The Average Days On Market is 201 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 100 | $41,288,325 | $412,883 | $409,250 | 267 | |||
| Listings Under Contract | 1 | $119,800 | $119,800 | $119,800 | 30 | |||
| Listings Sold 2009 | 99 | $35,884,666 | $362,471 | $339,900 | 164 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 27 | $8,746,000 | $323,926 | $318,000 | 301 | |||
| Upper Kingsbury | 6 | $3,026,500 | $504,417 | $477,000 | 299 | |||
| Mid Kingsbury | 4 | $1,987,500 | $496,875 | $494,250 | 312 | |||
| Lincoln Park | 1 | $499,000 | $499,000 | $499,000 | 119 | |||
| Lake Village | 10 | $4,821,900 | $482,190 | $494,250 | 269 | |||
| Round Hill | 6 | $3,349,999 | $558,333 | $643,000 | 380 | |||
| Pinewild/Marla | 4 | $2,220,554 | $555,139 | $547,500 | 319 | |||
| Zephyr Heights/Knolls | 3 | $1,863,000 | $621,000 | $685,000 | 377 | |||
| Skyland/Tall Pn/Snug Harbor | 3 | $1,843,000 | $614,333 | $625,000 | 121 | |||
| Upper & Lower Lakeridge – LT | 1 | $499,000 | $499,000 | $499,000 | 140 | |||
| Cave Rock | 2 | $767,000 | $383,500 | $383,500 | 572 | |||
| Sub Total | 67 | $29,623,453 | $442,141 | $449,000 | 303 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $197,900 | $197,900 | $197,900 | 1 | |||
| Sub Total | 1 | $197,900 | $197,900 | $197,900 | 1 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $488,000 | $244,000 | $244,000 | 347 | |||
| Round Hill | 1 | $569,000 | $569,000 | $569,000 | 208 | |||
| Sub Total | 3 | $1,057,000 | $352,333 | $249,000 | 301 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $410,000 | $205,000 | $205,000 | 33 | |||
| Lake Village | 1 | $375,000 | $375,000 | $375,000 | 34 | |||
| Sub Total | 3 | $785,000 | $261,667 | $285,000 | 33 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $399,000 | $399,000 | $399,000 | 118 | |||
| Sub Total | 1 | $399,000 | $399,000 | $399,000 | 118 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $209,900 | $209,900 | $209,900 | 125 | |||
| Upper Kingsbury | 2 | $623,900 | $311,950 | $311,950 | 104 | |||
| Lower Kingsbury | 1 | $475,000 | $475,000 | $475,000 | 104 | |||
| Lake Village | 1 | $249,900 | $249,900 | $249,900 | 42 | |||
| Round Hill | 2 | $924,997 | $462,499 | $462,499 | 158 | |||
| Zephyr Heights/Knolls | 3 | $1,801,575 | $600,525 | $539,000 | 327 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $595,000 | $595,000 | $595,000 | 93 | |||
| Sub Total | 11 | $4,880,272 | $443,661 | $475,000 | 170 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $633,900 | $211,300 | $199,000 | 321 | |||
| Upper Kingsbury | 4 | $1,234,800 | $308,700 | $252,450 | 288 | |||
| Mid Kingsbury | 2 | $830,000 | $415,000 | $415,000 | 285 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 83 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 292 | |||
| Lake Village | 1 | $279,000 | $279,000 | $279,000 | 44 | |||
| Round Hill | 1 | $425,000 | $425,000 | $425,000 | 90 | |||
| Pinewild/Marla | 1 | $425,000 | $425,000 | $425,000 | 213 | |||
| Sub Total | 14 | $4,345,700 | $310,407 | $289,450 | 243 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 30 | $6,236,350 | $207,878 | $180,250 | 209 | |||
| Upper Kingsbury | 15 | $6,274,810 | $418,321 | $378,000 | 137 | |||
| Mid Kingsbury | 3 | $1,463,386 | $487,795 | $554,000 | 311 | |||
| Lower Kingsbury | 9 | $3,160,800 | $351,200 | $340,000 | 117 | |||
| Kahle Park | 1 | $181,900 | $181,900 | $181,900 | 34 | |||
| Lake Village | 9 | $3,252,000 | $361,333 | $290,000 | 130 | |||
| Round Hill | 8 | $3,622,999 | $452,875 | $500,500 | 108 | |||
| 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 | 3 | $1,412,500 | $470,833 | $510,000 | 252 | |||
| Upper & Lower Lakeridge – LT | 1 | $601,900 | $601,900 | $601,900 | 22 | |||
| Cave Rock | 4 | $1,697,221 | $424,305 | $377,500 | 175 | |||
| Sub Total | 99 | $35,884,666 | $362,471 | $339,900 | 164 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $119,800 | $119,800 | $119,800 | 30 | |||
| Sub Total | 1 | $119,800 | $119,800 | $119,800 | 30 | |||
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