Lake Tahoe NV East Shore Real Estate Weekly Market Update

September 24, 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.  The reason that I use this segment of the market is that it has the most influence on the general value trends.

The Market Activitiy Ratio is the relationship between Active Listings (inventory on the market) and Pending Sales (in escrow).  This past week we have seen that trend cool off slightly from 15.1% to 13.2% for single family homes.  This is the result of the inventory remaining the same and Pending Sales decreasing by 3.  However, the 3 Pending Sales did convert to Sales this past week which brings the YTD total to 64 sales with a Median Sales Price of $517,500, Average Sales Price of $821,502 and Average Days On Market is 176.  The variance of Median Sales Price and the Average Sales Price from the previous week are both down by .5% and 2% respectively.  This was influenced by three sales at $355,000, $711,550 and $799,900.

Status Class Type Price Range No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      $280,000 - $284,999 1 $284,900 $284,900 $284,900 41
      $335,000 - $339,999 2 $674,900 $337,450 $337,450 54
      $395,000 - $399,999 2 $794,000 $397,000 $397,000 95
      $400,000 - $404,999 1 $400,000 $400,000 $400,000 70
      $425,000 - $429,999 2 $854,997 $427,499 $427,499 69
      $475,000 - $479,999 1 $475,000 $475,000 $475,000 6
      $495,000 - $499,999 1 $499,500 $499,500 $499,500 70
      $510,000 - $514,999 1 $510,000 $510,000 $510,000 89
      $520,000 - $524,999 1 $520,000 $520,000 $520,000 20
      $525,000 - $529,999 1 $525,000 $525,000 $525,000 402
      $535,000 - $539,999 1 $539,000 $539,000 $539,000 202
      $545,000 - $549,999 2 $1,098,000 $549,000 $549,000 208
      $555,000 - $559,999 1 $557,000 $557,000 $557,000 249
      $570,000 - $574,999 1 $573,500 $573,500 $573,500 124
      $590,000 - $594,999 1 $594,000 $594,000 $594,000 132
      $595,000 - $599,999 2 $1,196,777 $598,389 $598,389 136
      $625,000 - $629,999 1 $625,000 $625,000 $625,000 31
      $635,000 - $639,999 2 $1,274,000 $637,000 $637,000 51
      $645,000 - $649,999 1 $645,000 $645,000 $645,000 535
      $685,000 - $689,999 1 $689,500 $689,500 $689,500 411
      $690,000 - $694,999 1 $694,700 $694,700 $694,700 28
      $725,000 - $729,999 2 $1,458,000 $729,000 $729,000 404
      $745,000 - $749,999 2 $1,494,900 $747,450 $747,450 632
      $750,000 - $754,999 2 $1,500,000 $750,000 $750,000 635
      $765,000 - $769,999 1 $769,950 $769,950 $769,950 391
      $775,000 - $779,999 2 $1,550,000 $775,000 $775,000 190
      $795,000 - $799,999 2 $1,598,000 $799,000 $799,000 301
      $800,000 - $804,999 1 $800,000 $800,000 $800,000 72
      $835,000 - $839,999 1 $839,000 $839,000 $839,000 45
      $840,000 - $844,999 1 $840,000 $840,000 $840,000 69
      $895,000 - $899,999 3 $2,689,500 $896,500 $895,500 345
      $975,000 - $979,999 1 $979,000 $979,000 $979,000 41
      $1,060,000 - $1,064,999 1 $1,064,000 $1,064,000 $1,064,000 81
      $1,095,000 - $1,099,999 1 $1,095,000 $1,095,000 $1,095,000 737
      $1,100,000 - $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 151
      $1,150,000 - $1,154,999 2 $2,300,000 $1,150,000 $1,150,000 324
      $1,190,000 - $1,194,999 1 $1,190,000 $1,190,000 $1,190,000 159
      $1,195,000 - $1,199,999 3 $3,589,000 $1,196,333 $1,195,000 443
      $1,200,000 - $1,204,999 2 $2,400,000 $1,200,000 $1,200,000 676
      $1,250,000 - $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 484
      $1,275,000 - $1,279,999 3 $3,825,000 $1,275,000 $1,275,000 173
      $1,295,000 - $1,299,999 1 $1,295,000 $1,295,000 $1,295,000 53
      $1,300,000 - $1,304,999 1 $1,300,000 $1,300,000 $1,300,000 230
      $1,350,000 - $1,354,999 3 $4,050,000 $1,350,000 $1,350,000 51
      $1,375,000 - $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 376
      $1,390,000 - $1,394,999 1 $1,390,000 $1,390,000 $1,390,000 288
      $1,395,000 - $1,399,999 1 $1,399,000 $1,399,000 $1,399,000 624
      $1,400,000 - $1,404,999 2 $2,800,000 $1,400,000 $1,400,000 200
      $1,445,000 - $1,449,999 1 $1,445,000 $1,445,000 $1,445,000 69
      $1,495,000 - $1,499,999 1 $1,499,000 $1,499,000 $1,499,000 36
      $1,500,000 - $1,504,999 1 $1,500,000 $1,500,000 $1,500,000 911
      $1,585,000 - $1,589,999 1 $1,585,000 $1,585,000 $1,585,000 69
      $1,685,000 - $1,689,999 1 $1,685,000 $1,685,000 $1,685,000 112
      $1,695,000 - $1,699,999 2 $3,390,000 $1,695,000 $1,695,000 250
      $1,750,000 - $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 279
      $1,775,000 - $1,779,999 1 $1,775,000 $1,775,000 $1,775,000 481
      $1,785,000 - $1,789,999 1 $1,785,000 $1,785,000 $1,785,000 114
      $1,850,000 - $1,854,999 1 $1,850,000 $1,850,000 $1,850,000 242
      $1,890,000 - $1,894,999 1 $1,890,000 $1,890,000 $1,890,000 45
      $1,950,000 - $1,954,999 3 $5,850,000 $1,950,000 $1,950,000 221
      $1,975,000 - $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 665
      $1,995,000 - $1,999,999 4 $7,984,000 $1,996,000 $1,995,000 338
      $2,095,000 - $2,099,999 1 $2,095,000 $2,095,000 $2,095,000 520
      $2,100,000 - $2,104,999 1 $2,100,000 $2,100,000 $2,100,000 827
      $2,190,000 - $2,194,999 1 $2,190,000 $2,190,000 $2,190,000 435
      $2,245,000 - $2,249,999 1 $2,245,000 $2,245,000 $2,245,000 84
      $2,295,000 - $2,299,999 1 $2,295,000 $2,295,000 $2,295,000 402
      $2,300,000 - $2,304,999 2 $4,600,000 $2,300,000 $2,300,000 318
      $2,400,000 - $2,404,999 1 $2,400,000 $2,400,000 $2,400,000 1112
      $2,445,000 - $2,449,999 1 $2,449,000 $2,449,000 $2,449,000 435
      $2,450,000 - $2,454,999 1 $2,450,000 $2,450,000 $2,450,000 6
      $2,495,000 - $2,499,999 2 $4,994,000 $2,497,000 $2,497,000 818
      $2,550,000 - $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 120
      $2,595,000 - $2,599,999 2 $5,190,000 $2,595,000 $2,595,000 436
      $2,795,000 - $2,799,999 1 $2,795,000 $2,795,000 $2,795,000 148
      $2,900,000 - $2,904,999 1 $2,900,000 $2,900,000 $2,900,000 152
      $2,925,000 - $2,929,999 1 $2,925,000 $2,925,000 $2,925,000 88
      $3,300,000 - $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 45
      $3,495,000 - $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 484
      $3,950,000 - $3,954,999 1 $3,950,000 $3,950,000 $3,950,000 221
      $3,995,000 - $3,999,999 2 $7,994,000 $3,997,000 $3,997,000 277
      $4,600,000 - $4,604,999 1 $4,600,000 $4,600,000 $4,600,000 467
      $4,680,000 - $4,684,999 1 $4,680,000 $4,680,000 $4,680,000 139
      $4,695,000 - $4,699,999 1 $4,695,000 $4,695,000 $4,695,000 214
      Sub Total 116 $172,820,124 $1,489,829 $1,275,000 279
New                
  RESIDENTIAL              
    Residential            
      $335,000 - $339,999 1 $339,000 $339,000 $339,000 2
      Sub Total 1 $339,000 $339,000 $339,000 2
Price Reduced                
  RESIDENTIAL              
    Residential            
      $795,000 - $799,999 1 $799,000 $799,000 $799,000 128
      Sub Total 1 $799,000 $799,000 $799,000 128
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $495,000 - $499,999 1 $499,000 $499,000 $499,000 52
      $675,000 - $679,999 1 $675,000 $675,000 $675,000 419
      $1,470,000 - $1,474,999 1 $1,470,000 $1,470,000 $1,470,000 58
      $2,625,000 - $2,629,999 1 $2,625,000 $2,625,000 $2,625,000 254
      $3,995,000 - $3,999,999 1 $3,995,000 $3,995,000 $3,995,000 185
      Sub Total 5 $9,264,000 $1,852,800 $1,470,000 194
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $300,000 - $304,999 1 $304,000 $304,000 $304,000 78
      $540,000 - $544,999 1 $540,000 $540,000 $540,000 66
      $550,000 - $554,999 1 $550,000 $550,000 $550,000 64
      $795,000 - $799,999 1 $799,000 $799,000 $799,000 344
      $1,100,000 - $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 91
      $3,500,000 - $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 417
      Sub Total 6 $6,793,000 $1,132,167 $674,500 177
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $275,000 - $279,999 1 $279,000 $279,000 $279,000 208
      $480,000 - $484,999 1 $484,000 $484,000 $484,000 292
      $495,000 - $499,999 1 $495,000 $495,000 $495,000 330
      $555,000 - $559,999 1 $559,000 $559,000 $559,000 650
      $765,000 - $769,999 1 $765,000 $765,000 $765,000 247
      $3,500,000 - $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 104
      Sub Total 6 $6,082,000 $1,013,667 $527,000 305
SOLD                
  RESIDENTIAL              
    Residential            
      $180,000 - $184,999 1 $181,900 $181,900 $181,900 34
      $220,000 - $224,999 1 $220,221 $220,221 $220,221 47
      $250,000 - $254,999 1 $250,000 $250,000 $250,000 93
      $265,000 - $269,999 1 $269,900 $269,900 $269,900 38
      $280,000 - $284,999 1 $280,000 $280,000 $280,000 199
      $285,000 - $289,999 1 $289,900 $289,900 $289,900 92
      $290,000 - $294,999 1 $292,000 $292,000 $292,000 41
      $300,000 - $304,999 2 $601,000 $300,500 $300,500 196
      $325,000 - $329,999 2 $656,500 $328,250 $328,250 79
      $335,000 - $339,999 1 $335,000 $335,000 $335,000 420
      $340,000 - $344,999 1 $340,000 $340,000 $340,000 170
      $350,000 - $354,999 1 $350,000 $350,000 $350,000 134
      $355,000 - $359,999 3 $1,072,310 $357,437 $356,400 117
      $375,000 - $379,999 2 $753,000 $376,500 $376,500 100
      $380,000 - $384,999 2 $762,500 $381,250 $381,250 170
      $395,000 - $399,999 1 $399,000 $399,000 $399,000 41
      $415,000 - $419,999 1 $415,000 $415,000 $415,000 255
      $435,000 - $439,999 1 $439,000 $439,000 $439,000 131
      $450,000 - $454,999 2 $900,000 $450,000 $450,000 60
      $455,000 - $459,999 1 $455,000 $455,000 $455,000 247
      $485,000 - $489,999 2 $973,000 $486,500 $486,500 342
      $500,000 - $504,999 1 $500,000 $500,000 $500,000 49
      $510,000 - $514,999 1 $510,000 $510,000 $510,000 551
      $515,000 - $519,999 1 $515,000 $515,000 $515,000 74
      $520,000 - $524,999 1 $520,000 $520,000 $520,000 50
      $540,000 - $544,999 1 $542,000 $542,000 $542,000 137
      $545,000 - $549,999 2 $1,090,000 $545,000 $545,000 63
      $550,000 - $554,999 2 $1,100,000 $550,000 $550,000 63
      $575,000 - $579,999 1 $575,000 $575,000 $575,000 86
      $590,000 - $594,999 1 $590,000 $590,000 $590,000 156
      $600,000 - $604,999 2 $1,204,900 $602,450 $602,450 60
      $625,000 - $629,999 1 $629,000 $629,000 $629,000 79
      $630,000 - $634,999 1 $630,000 $630,000 $630,000 349
      $705,000 - $709,999 1 $705,999 $705,999 $705,999 202
      $715,000 - $719,999 1 $715,000 $715,000 $715,000 102
      $720,000 - $724,999 1 $722,000 $722,000 $722,000 76
      $725,000 - $729,999 1 $725,000 $725,000 $725,000 107
      $750,000 - $754,999 1 $751,000 $751,000 $751,000 56
      $770,000 - $774,999 1 $770,000 $770,000 $770,000 97
      $780,000 - $784,999 1 $781,000 $781,000 $781,000 100
      $810,000 - $814,999 1 $810,000 $810,000 $810,000 121
      $890,000 - $894,999 1 $890,000 $890,000 $890,000 477
      $950,000 - $954,999 1 $950,000 $950,000 $950,000 40
      $1,100,000 - $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 53
      $1,265,000 - $1,269,999 1 $1,265,000 $1,265,000 $1,265,000 10
      $1,375,000 - $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 35
      $1,625,000 - $1,629,999 1 $1,625,000 $1,625,000 $1,625,000 270
      $2,625,000 - $2,629,999 1 $2,625,000 $2,625,000 $2,625,000 652
      $2,750,000 - $2,754,999 1 $2,750,000 $2,750,000 $2,750,000 731
      $3,300,000 - $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 94
      $3,650,000 - $3,654,999 1 $3,650,000 $3,650,000 $3,650,000 1026
      $4,200,000 - $4,204,999 1 $4,200,000 $4,200,000 $4,200,000 321
      $4,225,000 - $4,229,999 1 $4,225,000 $4,225,000 $4,225,000 634
      Sub Total 64 $52,576,130 $821,502 $517,500 176
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      $895,000 - $899,999 1 $895,000 $895,000 $895,000 162
      Sub Total 1 $895,000 $895,000 $895,000 162
                 
Grand Totals 200 $249,568,254 $1,247,841 $799,000 239

Comments

Got something to say?