Lake Tahoe Nevada East Shore Weekly Real Estate Statistics
April 8, 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 Bears are awake and so is the Nevada market! We saw an upswing in Buyer activity. I use the Market Activity Ratio to determine the most current buyer activity in the market which is the relationship between the Active Listings and Pending Sales. This past week we saw the Market Activity Ratio increase from 11.1%to 12.6%. This is the result of the Active listings decreasing by 1 as the Pending Sales increased by 2. It is interesting to note that the number of Short Sales increased by 1 for a total of 15.
There were two new sales this past week for a YTD of 35 sales. One in Round Hill for $365,000 and one in Glenbrook for $5,900,000. This increased the 6 month Average Sales Price by 6.5% to $841,544. The average days on market is 256 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 191 | $379,111,275 | $1,984,876 | $699,000 | 303 | |||
| Listings Under Contract | 0 | $0 | $0 | $0 | 0 | |||
| Listings Sold 2010 | 35 | $27,298,050 | $779,944 | $449,000 | 264 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 38 | $11,531,300 | $303,455 | $267,250 | 290 | |||
| Upper Kingsbury | 4 | $4,344,000 | $1,086,000 | $972,000 | 423 | |||
| Mid Kingsbury | 9 | $8,409,000 | $934,333 | $550,000 | 339 | |||
| Lower Kingsbury | 5 | $8,247,000 | $1,649,400 | $1,850,000 | 194 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 524 | |||
| Lake Village | 13 | $5,780,500 | $444,654 | $365,000 | 215 | |||
| Round Hill | 13 | $12,812,999 | $985,615 | $724,999 | 430 | |||
| Elk Point | 1 | $1,870,000 | $1,870,000 | $1,870,000 | 241 | |||
| Pinewild/Marla | 8 | $7,770,677 | $971,335 | $734,950 | 198 | |||
| Zephyr Heights/Knolls | 14 | $11,603,000 | $828,786 | $720,000 | 194 | |||
| Skyland/Tall Pn/Snug Harbor | 7 | $6,337,000 | $905,286 | $799,000 | 145 | |||
| Hidden Woods | 3 | $6,470,000 | $2,156,667 | $2,595,000 | 247 | |||
| Upper & Lower Lakeridge – LT | 2 | $2,094,999 | $1,047,500 | $1,047,500 | 618 | |||
| Cave Rock | 7 | $14,529,000 | $2,075,571 | $2,550,000 | 261 | |||
| Logan/Cedarbrok | 2 | $6,145,000 | $3,072,500 | $3,072,500 | 464 | |||
| Glenbrk/Uppaway | 17 | $57,773,500 | $3,398,441 | $2,300,000 | 352 | |||
| Lakefront Propt | 16 | $189,085,000 | $11,817,813 | $4,972,500 | 504 | |||
| Sub Total | 160 | $356,497,975 | $2,228,112 | $734,500 | 312 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Mid Kingsbury | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 5 | |||
| Lake Village | 1 | $415,000 | $415,000 | $415,000 | 1 | |||
| Hidden Woods | 1 | $1,000,000 | $1,000,000 | $1,000,000 | 5 | |||
| Sub Total | 3 | $2,610,000 | $870,000 | $1,000,000 | 4 | |||
| Back On Market | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper & Lower Lakeridge – LT | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 266 | |||
| Sub Total | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 266 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Elk Point | 1 | $1,950,000 | $1,950,000 | $1,950,000 | 186 | |||
| Upper & Lower Lakeridge – LT | 1 | $849,000 | $849,000 | $849,000 | 367 | |||
| Sub Total | 2 | $2,799,000 | $1,399,500 | $1,399,500 | 277 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Round Hill | 1 | $489,000 | $489,000 | $489,000 | 108 | |||
| Sub Total | 1 | $489,000 | $489,000 | $489,000 | 108 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $535,000 | $535,000 | $535,000 | 34 | |||
| Mid Kingsbury | 1 | $449,500 | $449,500 | $449,500 | 101 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $895,000 | $895,000 | $895,000 | 358 | |||
| Sub Total | 3 | $1,879,500 | $626,500 | $535,000 | 164 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $135,000 | $135,000 | $135,000 | 148 | |||
| Lake Village | 2 | $599,000 | $299,500 | $299,500 | 122 | |||
| Zephyr Cove | 1 | $799,900 | $799,900 | $799,900 | 931 | |||
| Upper & Lower Lakeridge – LT | 2 | $2,144,000 | $1,072,000 | $1,072,000 | 89 | |||
| Sub Total | 6 | $3,677,900 | $612,983 | $559,450 | 250 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 4 | $553,900 | $138,475 | $137,500 | 352 | |||
| Upper Kingsbury | 1 | $2,300,000 | $2,300,000 | $2,300,000 | 300 | |||
| Mid Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 266 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 195 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 404 | |||
| Round Hill | 3 | $1,233,000 | $411,000 | $425,000 | 143 | |||
| Zephyr Heights/Knolls | 2 | $2,109,000 | $1,054,500 | $1,054,500 | 277 | |||
| Cave Rock | 2 | $2,850,000 | $1,425,000 | $1,425,000 | 715 | |||
| Sub Total | 15 | $9,962,900 | $664,193 | $399,000 | 332 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 20 | $4,180,200 | $209,010 | $174,500 | 211 | |||
| 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 | $2,053,900 | $293,414 | $265,000 | 73 | |||
| Round Hill | 7 | $4,941,250 | $705,893 | $449,000 | 144 | |||
| 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 | 3 | $1,430,000 | $476,667 | $555,000 | 45 | |||
| Upper & Lower Lakeridge – LT | 1 | $475,000 | $475,000 | $475,000 | 221 | |||
| Cave Rock | 1 | $1,300,000 | $1,300,000 | $1,300,000 | 985 | |||
| Logan/Cedarbrok | 1 | $1,060,000 | $1,060,000 | $1,060,000 | 957 | |||
| Glenbrk/Uppaway | 4 | $10,375,000 | $2,593,750 | $1,725,000 | 390 | |||
| Lakefront Propt | 4 | $19,800,000 | $4,950,000 | $5,150,000 | 648 | |||
| Sub Total | 69 | $58,066,536 | $841,544 | $400,000 | 256 | |||
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