Lake Tahoe Nevada East Shore Weekly Real Estate Statistics
December 11, 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 Activity Ratio is slightly down from the previous week from 16.1% to 15.2%. This is the relationship between Active Listings (Inventory) and Pending Sales (Escrows) which is a trend that reveals current buyer activity in the market. This past week we saw that decrease due to the Active Listings increasing by 1 and the Pending Sales decreasing by 2.
There were 2 new completed Sales this past week for a YTD of 123 Sales. One sold for $554,000 in the Kingsbury Grade area and then there was a 1.5 million dollar sale in Round Hill with a Lake View. This increased the Median Sales Price by 1.2% to $415,000 and the Average Sales Price by .3% to $799,945. The Average Days On Market is 202.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 203 | $438,188,625 | $2,158,565 | $749,000 | 311 | |||
| Listings Under Contract | 2 | $903,700 | $451,850 | $451,850 | 40 | |||
| Listings Sold 2009 | 123 | $98,393,266 | $799,945 | $415,000 | 202 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 34 | $11,393,600 | $335,106 | $299,450 | 270 | |||
| Upper Kingsbury | 8 | $6,586,500 | $823,313 | $587,000 | 317 | |||
| Mid Kingsbury | 9 | $10,152,500 | $1,128,056 | $1,275,000 | 308 | |||
| Lower Kingsbury | 4 | $7,024,000 | $1,756,000 | $1,572,500 | 154 | |||
| Lincoln Park | 2 | $2,194,000 | $1,097,000 | $1,097,000 | 260 | |||
| Lake Village | 11 | $5,056,900 | $459,718 | $389,500 | 169 | |||
| Round Hill | 14 | $16,006,999 | $1,143,357 | $974,500 | 418 | |||
| Elk Point | 2 | $3,840,000 | $1,920,000 | $1,920,000 | 96 | |||
| Pinewild/Marla | 7 | $6,759,554 | $965,651 | $647,777 | 338 | |||
| Zephyr Heights/Knolls | 8 | $6,995,000 | $874,375 | $774,000 | 333 | |||
| Zephyr Cove | 2 | $4,299,900 | $2,149,950 | $2,149,950 | 435 | |||
| Skyland/Tall Pn/Snug Harbor | 11 | $11,336,000 | $1,030,545 | $1,099,000 | 229 | |||
| Hidden Woods | 1 | $2,950,000 | $2,950,000 | $2,950,000 | 24 | |||
| Upper & Lower Lakeridge - LT | 5 | $5,013,500 | $1,002,700 | $1,095,000 | 307 | |||
| Cave Rock | 9 | $20,852,000 | $2,316,889 | $2,550,000 | 506 | |||
| Logan/Cedarbrok | 3 | $8,089,000 | $2,696,333 | $2,399,000 | 812 | |||
| Glenbrk/Uppaway | 18 | $71,985,500 | $3,999,194 | $3,574,750 | 304 | |||
| Lakefront Propt | 18 | $205,295,000 | $11,405,278 | $4,995,000 | 413 | |||
| Sub Total | 166 | $405,829,953 | $2,444,759 | $1,014,500 | 322 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $139,000 | $139,000 | $139,000 | 3 | |||
| Lakefront Propt | 1 | $4,777,500 | $4,777,500 | $4,777,500 | 4 | |||
| Sub Total | 2 | $4,916,500 | $2,458,250 | $2,458,250 | 4 | |||
| Back On Market | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Round Hill | 1 | $206,000 | $206,000 | $206,000 | 84 | |||
| Sub Total | 1 | $206,000 | $206,000 | $206,000 | 84 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Zephyr Heights/Knolls | 1 | $1,999,000 | $1,999,000 | $1,999,000 | 507 | |||
| Sub Total | 1 | $1,999,000 | $1,999,000 | $1,999,000 | 507 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $249,000 | $249,000 | $249,000 | 357 | |||
| Lake Village | 1 | $499,500 | $499,500 | $499,500 | 1154 | |||
| Hidden Woods | 1 | $1,175,000 | $1,175,000 | $1,175,000 | 308 | |||
| Sub Total | 3 | $1,923,500 | $641,167 | $499,500 | 606 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lakefront Propt | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 889 | |||
| Sub Total | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 889 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $384,000 | $192,000 | $192,000 | 126 | |||
| Upper Kingsbury | 2 | $623,900 | $311,950 | $311,950 | 98 | |||
| Lower Kingsbury | 1 | $475,000 | $475,000 | $475,000 | 98 | |||
| Lake Village | 1 | $249,900 | $249,900 | $249,900 | 36 | |||
| Round Hill | 3 | $2,274,997 | $758,332 | $499,000 | 130 | |||
| Zephyr Heights/Knolls | 2 | $1,262,575 | $631,288 | $631,288 | 472 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $595,000 | $595,000 | $595,000 | 87 | |||
| Cave Rock | 1 | $798,000 | $798,000 | $798,000 | 147 | |||
| Sub Total | 13 | $6,663,372 | $512,567 | $475,000 | 165 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $398,500 | $199,250 | $199,250 | 428 | |||
| Upper Kingsbury | 5 | $3,634,800 | $726,960 | $425,000 | 262 | |||
| Mid Kingsbury | 2 | $830,000 | $415,000 | $415,000 | 279 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 77 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 286 | |||
| Lake Village | 1 | $279,000 | $279,000 | $279,000 | 38 | |||
| Round Hill | 1 | $425,000 | $425,000 | $425,000 | 84 | |||
| Pinewild/Marla | 1 | $425,000 | $425,000 | $425,000 | 207 | |||
| Cave Rock | 1 | $1,395,000 | $1,395,000 | $1,395,000 | 198 | |||
| Lakefront Propt | 1 | $2,250,000 | $2,250,000 | $2,250,000 | 585 | |||
| Sub Total | 16 | $10,155,300 | $634,706 | $380,000 | 263 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 27 | $5,673,950 | $210,146 | $180,000 | 216 | |||
| Upper Kingsbury | 16 | $9,474,810 | $592,176 | $379,000 | 156 | |||
| Mid Kingsbury | 7 | $7,447,386 | $1,063,912 | $799,000 | 349 | |||
| 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 | 10 | $5,668,999 | $566,900 | $547,500 | 97 | |||
| 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 | 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 | 123 | $98,393,266 | $799,945 | $415,000 | 202 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $119,800 | $119,800 | $119,800 | 24 | |||
| Mid Kingsbury | 1 | $783,900 | $783,900 | $783,900 | 56 | |||
| Sub Total | 2 | $903,700 | $451,850 | $451,850 | 40 | |||
Comments
Got something to say?