Lake Tahoe NV East Shore Weekly Real Estate Market Statistics
April 16, 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 NV market has also been consistent from the previous week. To track the most recent Buyer activity, I use the Market Activity Ratio which is the relationship between the Active Listings and Pending Sales. This past week the Market Activity Ratio decreased slightly from 12.6% to 12.4%. This is the result of the Active Listings increasing by 3 as the Pending sales remained the same at 24. It is interesting to note that the number of pending short sales decreased by 2 and it now represents 54% of the total number of escrows.
This past week we saw 2 new sales for a YTD of 37 sales. The sales were a condo on top of Kingsbury for $125,000 and $424,000 in the mid Kingsbury area. This brought the 6 month Average Sales price down by 6.4% to $787,287 which wiped out the previous week gain when we had a sale over $5 million. 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 | 194 | $384,970,275 | $1,984,383 | $690,000 | 301 | |||
| Listings Under Contract | 0 | $0 | $0 | $0 | 0 | |||
| Listings Sold 2010 | 37 | $27,847,050 | $752,623 | $446,250 | 256 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 34 | $9,710,000 | $285,588 | $267,250 | 325 | |||
| Upper Kingsbury | 5 | $4,616,000 | $923,200 | $649,000 | 348 | |||
| Mid Kingsbury | 9 | $9,009,000 | $1,001,000 | $550,000 | 338 | |||
| Lower Kingsbury | 5 | $8,247,000 | $1,649,400 | $1,850,000 | 202 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 532 | |||
| Lake Village | 13 | $5,796,000 | $445,846 | $365,000 | 125 | |||
| Round Hill | 12 | $11,035,999 | $919,667 | $722,000 | 398 | |||
| Elk Point | 2 | $3,720,000 | $1,860,000 | $1,860,000 | 222 | |||
| Pinewild/Marla | 7 | $6,325,677 | $903,668 | $574,900 | 226 | |||
| Zephyr Heights/Knolls | 13 | $10,340,000 | $795,385 | $695,000 | 161 | |||
| Skyland/Tall Pn/Snug Harbor | 7 | $6,337,000 | $905,286 | $799,000 | 153 | |||
| Hidden Woods | 4 | $7,470,000 | $1,867,500 | $1,885,000 | 195 | |||
| Upper & Lower Lakeridge – LT | 4 | $4,138,999 | $1,034,750 | $1,047,500 | 475 | |||
| Cave Rock | 8 | $14,919,000 | $1,864,875 | $1,672,500 | 236 | |||
| Logan/Cedarbrok | 2 | $6,145,000 | $3,072,500 | $3,072,500 | 472 | |||
| Glenbrk/Uppaway | 15 | $51,583,500 | $3,438,900 | $2,300,000 | 379 | |||
| Lakefront Propt | 15 | $184,090,000 | $12,272,667 | $4,950,000 | 529 | |||
| Sub Total | 156 | $345,178,175 | $2,212,681 | $734,500 | 308 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $225,000 | $225,000 | $225,000 | 6 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $599,000 | $599,000 | $599,000 | 2 | |||
| Glenbrk/Uppaway | 1 | $2,835,000 | $2,835,000 | $2,835,000 | 4 | |||
| Lakefront Propt | 1 | $4,750,000 | $4,750,000 | $4,750,000 | 3 | |||
| Sub Total | 4 | $8,409,000 | $2,102,250 | $1,717,000 | 4 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $140,000 | $140,000 | $140,000 | 180 | |||
| Round Hill | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 703 | |||
| Cave Rock | 1 | $1,350,000 | $1,350,000 | $1,350,000 | 324 | |||
| Sub Total | 3 | $3,185,000 | $1,061,667 | $1,350,000 | 402 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $1,094,900 | $547,450 | $547,450 | 63 | |||
| Lake Village | 1 | $349,500 | $349,500 | $349,500 | 1280 | |||
| Round Hill | 1 | $546,000 | $546,000 | $546,000 | 327 | |||
| Pinewild/Marla | 1 | $1,375,000 | $1,375,000 | $1,375,000 | 63 | |||
| Glenbrk/Uppaway | 1 | $3,995,000 | $3,995,000 | $3,995,000 | 413 | |||
| Lakefront Propt | 1 | $4,495,000 | $4,495,000 | $4,495,000 | 248 | |||
| Sub Total | 7 | $11,855,400 | $1,693,629 | $899,900 | 351 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $1,201,900 | $400,633 | $550,000 | 56 | |||
| Upper Kingsbury | 1 | $535,000 | $535,000 | $535,000 | 42 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $895,000 | $895,000 | $895,000 | 366 | |||
| Glenbrk/Uppaway | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 26 | |||
| Sub Total | 6 | $4,326,900 | $721,150 | $550,000 | 101 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lake Village | 2 | $599,000 | $299,500 | $299,500 | 130 | |||
| Zephyr Cove | 1 | $799,900 | $799,900 | $799,900 | 939 | |||
| Upper & Lower Lakeridge – LT | 2 | $2,144,000 | $1,072,000 | $1,072,000 | 97 | |||
| Sub Total | 5 | $3,542,900 | $708,580 | $799,900 | 278 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $413,900 | $137,967 | $135,000 | 419 | |||
| Upper Kingsbury | 1 | $2,300,000 | $2,300,000 | $2,300,000 | 308 | |||
| Mid Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 274 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 203 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 412 | |||
| Round Hill | 3 | $1,233,000 | $411,000 | $425,000 | 151 | |||
| Zephyr Heights/Knolls | 2 | $2,109,000 | $1,054,500 | $1,054,500 | 285 | |||
| Cave Rock | 1 | $1,500,000 | $1,500,000 | $1,500,000 | 1122 | |||
| Sub Total | 13 | $8,472,900 | $651,762 | $399,000 | 354 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 20 | $4,185,200 | $209,260 | $174,500 | 206 | |||
| Upper Kingsbury | 6 | $4,803,900 | $800,650 | $356,500 | 232 | |||
| Mid Kingsbury | 8 | $4,077,386 | $509,673 | $454,500 | 251 | |||
| Lower Kingsbury | 2 | $809,900 | $404,950 | $404,950 | 95 | |||
| Lincoln Park | 1 | $450,000 | $450,000 | $450,000 | 174 | |||
| Lake Village | 6 | $1,643,900 | $273,983 | $257,500 | 79 | |||
| 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 | 3 | $15,250,000 | $5,083,333 | $5,750,000 | 795 | |||
| Sub Total | 68 | $53,535,536 | $787,287 | $391,500 | 256 | |||
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