Lake Tahoe Nevada East Shore Weekly Real Estate Market Statistics
March 25, 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 market comes alive! To measure the most current buyer activity in the real estate market, I use the Market Activity Ratio which is the relationship between Active Listings and Pending Sales. The Market Activity Ratio increased from 11% to 13.8% this past week. This was the result of Active listings increasing by 1 as the Pending sale increased by 6. It’s interesting to note that the number of Short Sales remained the same at 13 which represents 50% of the Pending Sales.
There was only 1 new sale this past week for a YTD total of 27. This was a condo sale in Lake Village for $285,000. Despite that, the 6 month average is showing an increase by 1.2% to $730,777. The Nevada east shore is averaging 9 sales per month for the first quarter.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 187 | $397,373,276 | $2,124,991 | $719,000 | 318 | |||
| Listings Under Contract | 1 | $394,020 | $394,020 | $394,020 | 17 | |||
| Listings Sold 2010 | 27 | $12,900,050 | $477,780 | $449,000 | 231 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 35 | $10,309,400 | $294,554 | $265,500 | 296 | |||
| Upper Kingsbury | 6 | $5,461,000 | $910,167 | $649,000 | 366 | |||
| Mid Kingsbury | 6 | $4,237,000 | $706,167 | $519,500 | 363 | |||
| Lower Kingsbury | 5 | $8,247,000 | $1,649,400 | $1,850,000 | 180 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 510 | |||
| Lake Village | 10 | $4,419,000 | $441,900 | $362,500 | 263 | |||
| Round Hill | 13 | $13,108,999 | $1,008,385 | $749,000 | 423 | |||
| Elk Point | 2 | $3,820,000 | $1,910,000 | $1,910,000 | 200 | |||
| Pinewild/Marla | 6 | $6,340,677 | $1,056,780 | $884,950 | 167 | |||
| Zephyr Heights/Knolls | 12 | $9,804,000 | $817,000 | $720,000 | 210 | |||
| Skyland/Tall Pn/Snug Harbor | 5 | $4,167,000 | $833,400 | $799,000 | 184 | |||
| Hidden Woods | 3 | $6,470,000 | $2,156,667 | $2,595,000 | 233 | |||
| Upper & Lower Lakeridge - LT | 4 | $4,288,000 | $1,072,000 | $1,122,000 | 454 | |||
| Cave Rock | 8 | $15,879,000 | $1,984,875 | $1,950,000 | 254 | |||
| Logan/Cedarbrok | 1 | $4,495,000 | $4,495,000 | $4,495,000 | 899 | |||
| Glenbrk/Uppaway | 16 | $60,383,500 | $3,773,969 | $4,050,000 | 390 | |||
| Lakefront Propt | 17 | $202,485,000 | $11,910,882 | $4,995,000 | 466 | |||
| Sub Total | 150 | $365,609,576 | $2,437,397 | $749,000 | 325 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $949,900 | $949,900 | $949,900 | 4 | |||
| Mid Kingsbury | 1 | $547,000 | $547,000 | $547,000 | 3 | |||
| Glenbrk/Uppaway | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 4 | |||
| Sub Total | 3 | $3,191,900 | $1,063,967 | $949,900 | 4 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $654,500 | $327,250 | $327,250 | 333 | |||
| Mid Kingsbury | 2 | $3,625,000 | $1,812,500 | $1,812,500 | 372 | |||
| Pinewild/Marla | 1 | $895,000 | $895,000 | $895,000 | 175 | |||
| Cave Rock | 1 | $1,500,000 | $1,500,000 | $1,500,000 | 1100 | |||
| Sub Total | 6 | $6,674,500 | $1,112,417 | $1,135,000 | 447 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $549,000 | $274,500 | $274,500 | 92 | |||
| Pinewild/Marla | 1 | $535,000 | $535,000 | $535,000 | 297 | |||
| Sub Total | 3 | $1,084,000 | $361,333 | $375,000 | 160 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $239,000 | $239,000 | $239,000 | 429 | |||
| Upper Kingsbury | 1 | $535,000 | $535,000 | $535,000 | 20 | |||
| Mid Kingsbury | 1 | $449,500 | $449,500 | $449,500 | 87 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $895,000 | $895,000 | $895,000 | 344 | |||
| Logan/Cedarbrok | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 951 | |||
| Lakefront Propt | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 993 | |||
| Sub Total | 6 | $9,808,500 | $1,634,750 | $715,000 | 471 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lake Village | 3 | $898,000 | $299,333 | $299,000 | 90 | |||
| Zephyr Cove | 1 | $799,900 | $799,900 | $799,900 | 917 | |||
| Upper & Lower Lakeridge - LT | 2 | $2,144,000 | $1,072,000 | $1,072,000 | 75 | |||
| Sub Total | 6 | $3,841,900 | $640,317 | $559,450 | 223 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $474,000 | $158,000 | $140,000 | 397 | |||
| Upper Kingsbury | 2 | $2,429,900 | $1,214,950 | $1,214,950 | 223 | |||
| Mid Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 252 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 181 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 390 | |||
| Round Hill | 3 | $1,233,000 | $411,000 | $425,000 | 129 | |||
| Zephyr Heights/Knolls | 2 | $2,109,000 | $1,054,500 | $1,054,500 | 263 | |||
| Sub Total | 13 | $7,162,900 | $550,992 | $359,000 | 259 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 23 | $4,756,250 | $206,793 | $170,000 | 184 | |||
| Upper Kingsbury | 6 | $4,803,900 | $800,650 | $356,500 | 232 | |||
| Mid Kingsbury | 7 | $3,653,386 | $521,912 | $485,000 | 273 | |||
| Lower Kingsbury | 2 | $809,900 | $404,950 | $404,950 | 95 | |||
| Lincoln Park | 1 | $450,000 | $450,000 | $450,000 | 174 | |||
| Lake Village | 7 | $2,428,900 | $346,986 | $285,000 | 73 | |||
| Round Hill | 6 | $4,576,250 | $762,708 | $452,500 | 164 | |||
| Pinewild/Marla | 2 | $975,000 | $487,500 | $487,500 | 249 | |||
| 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 | 1 | $1,300,000 | $1,300,000 | $1,300,000 | 985 | |||
| 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 | 69 | $50,423,586 | $730,777 | $400,000 | 227 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Round Hill | 1 | $394,020 | $394,020 | $394,020 | 17 | |||
| Sub Total | 1 | $394,020 | $394,020 | $394,020 | 17 | |||
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