Lake Tahoe Nevada East Shore Weekly Real Estate Statistics
January 7, 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.
We saw a slight dip in activity over the holidays, but strong year end sales! This past couple of weeks the Market Activity Ratio which is the relationship between Active Listings and Pending Sales went from 16.6% to 15.6%. This is the result of Active Listings (Inventory) decreasing by 15 and the Pending Sales (Escrows) decreasing by 5.
There were 7 Sales within the last couple of weeks to bring the YTD total to 135 Sales with Average Days On Market of 198 days. This decreases the Median by .6% to $410,000 and the Average Sales decreased by 1% to $775,100. Most of the sales occurred under $500,000 with a couple of sales at $1,265,000 and $1,750,000.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 179 | $425,742,251 | $2,378,448 | $895,000 | 316 | |||
| Listings Under Contract | 2 | $310,000 | $155,000 | $155,000 | 54 | |||
| Listings Sold 2010 | 2 | $1,580,000 | $790,000 | $790,000 | 144 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 23 | $8,001,400 | $347,887 | $318,000 | 258 | |||
| Upper Kingsbury | 5 | $4,713,500 | $942,700 | $429,000 | 292 | |||
| Mid Kingsbury | 8 | $8,742,500 | $1,092,813 | $912,500 | 307 | |||
| Lower Kingsbury | 4 | $7,024,000 | $1,756,000 | $1,572,500 | 181 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 433 | |||
| Lake Village | 9 | $4,062,900 | $451,433 | $389,000 | 275 | |||
| Round Hill | 12 | $12,184,000 | $1,015,333 | $739,000 | 377 | |||
| Elk Point | 2 | $3,840,000 | $1,920,000 | $1,920,000 | 123 | |||
| Pinewild/Marla | 6 | $6,214,554 | $1,035,759 | $771,389 | 364 | |||
| Zephyr Heights/Knolls | 4 | $4,033,000 | $1,008,250 | $974,000 | 453 | |||
| Zephyr Cove | 1 | $799,900 | $799,900 | $799,900 | 840 | |||
| Skyland/Tall Pn/Snug Harbor | 9 | $9,322,000 | $1,035,778 | $1,099,000 | 245 | |||
| Hidden Woods | 3 | $7,270,000 | $2,423,333 | $2,595,000 | 157 | |||
| Upper & Lower Lakeridge - LT | 6 | $6,008,500 | $1,001,417 | $1,045,000 | 282 | |||
| Cave Rock | 8 | $18,611,000 | $2,326,375 | $2,522,500 | 483 | |||
| Logan/Cedarbrok | 3 | $8,089,000 | $2,696,333 | $2,399,000 | 839 | |||
| Glenbrk/Uppaway | 18 | $77,130,500 | $4,285,028 | $4,397,250 | 286 | |||
| Lakefront Propt | 17 | $197,101,500 | $11,594,206 | $4,995,000 | 407 | |||
| Sub Total | 139 | $384,843,254 | $2,768,657 | $1,195,000 | 330 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Round Hill | 2 | $1,168,000 | $584,000 | $584,000 | 5 | |||
| Lakefront Propt | 1 | $12,900,000 | $12,900,000 | $12,900,000 | 17 | |||
| Sub Total | 3 | $14,068,000 | $4,689,333 | $769,000 | 9 | |||
| Back On Market | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $369,900 | $369,900 | $369,900 | 94 | |||
| Sub Total | 1 | $369,900 | $369,900 | $369,900 | 94 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 3 | $1,998,000 | $666,000 | $650,000 | 437 | |||
| Lake Village | 1 | $305,000 | $305,000 | $305,000 | 120 | |||
| Pinewild/Marla | 1 | $545,000 | $545,000 | $545,000 | 369 | |||
| Zephyr Heights/Knolls | 1 | $1,999,000 | $1,999,000 | $1,999,000 | 530 | |||
| Sub Total | 6 | $4,847,000 | $807,833 | $649,500 | 388 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $309,500 | $154,750 | $154,750 | 522 | |||
| Sub Total | 2 | $309,500 | $154,750 | $154,750 | 522 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $249,000 | $249,000 | $249,000 | 384 | |||
| Lincoln Park | 1 | $499,000 | $499,000 | $499,000 | 140 | |||
| Lakefront Propt | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 916 | |||
| Sub Total | 3 | $7,243,000 | $2,414,333 | $499,000 | 480 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 2 | $623,900 | $311,950 | $311,950 | 125 | |||
| Lower Kingsbury | 1 | $475,000 | $475,000 | $475,000 | 125 | |||
| Lake Village | 1 | $249,900 | $249,900 | $249,900 | 63 | |||
| Round Hill | 2 | $924,997 | $462,499 | $462,499 | 179 | |||
| Zephyr Heights/Knolls | 1 | $539,000 | $539,000 | $539,000 | 48 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $595,000 | $595,000 | $595,000 | 114 | |||
| Glenbrk/Uppaway | 1 | $1,050,000 | $1,050,000 | $1,050,000 | 599 | |||
| Sub Total | 9 | $4,457,797 | $495,311 | $475,000 | 173 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $509,000 | $169,667 | $175,000 | 363 | |||
| Upper Kingsbury | 4 | $2,984,800 | $746,200 | $252,450 | 233 | |||
| Mid Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 175 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 104 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 313 | |||
| Lake Village | 1 | $279,000 | $279,000 | $279,000 | 65 | |||
| Round Hill | 1 | $425,000 | $425,000 | $425,000 | 111 | |||
| Pinewild/Marla | 1 | $425,000 | $425,000 | $425,000 | 234 | |||
| Zephyr Heights/Knolls | 1 | $419,000 | $419,000 | $419,000 | 397 | |||
| Cave Rock | 1 | $1,395,000 | $1,395,000 | $1,395,000 | 225 | |||
| Lakefront Propt | 1 | $2,250,000 | $2,250,000 | $2,250,000 | 612 | |||
| Sub Total | 16 | $9,603,800 | $600,238 | $339,000 | 266 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 33 | $6,896,150 | $208,974 | $180,500 | 199 | |||
| Upper Kingsbury | 16 | $9,474,810 | $592,176 | $379,000 | 156 | |||
| Mid Kingsbury | 10 | $8,956,386 | $895,639 | $693,500 | 310 | |||
| Lower Kingsbury | 10 | $4,535,800 | $453,580 | $345,000 | 109 | |||
| 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 | 135 | $104,638,466 | $775,100 | $410,000 | 198 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $310,000 | $155,000 | $155,000 | 54 | |||
| Sub Total | 2 | $310,000 | $155,000 | $155,000 | 54 | |||
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