Lake Tahoe Weekly Real Estate Market Statistics For East Shore Nevada
May 14, 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.
Despite the snowy, spring weather, Nevada is seeing good buyer activity. To track the most current Buyer activity, I use the Market Activity Ratio which is the relationship between Active Listings and Pending Sales. The Market Activity Ratio this past week decreased slightly from 16.4% to 14.9% which is the result of the Active LIstings increasing by 8 as the Pending sales decreased by 2. It’s interesting to note that the number of Pending Short Sales did decrease by 2 for a total of 14.
This past week there were 4 new sales for a YTD total of 46 sales. The sale prices were $267,500 at Lake Village, $570,000 at Upper Kingsbury, $1,525,00 at Round Hill, and $1,695,000 in Glenbrook. This increased the 6 month Average Sales Price by 7.5% to $820,479. The average days on market for the sold properties is 268 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 198 | $398,723,825 | $2,013,757 | $734,500 | 289 | |||
| Listings Under Contract | 3 | $1,138,900 | $379,633 | $390,000 | 55 | |||
| Listings Sold 2010 | 46 | $34,403,550 | $747,903 | $447,625 | 256 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 29 | $8,737,900 | $301,307 | $265,500 | 340 | |||
| Upper Kingsbury | 6 | $4,933,000 | $822,167 | $547,000 | 303 | |||
| Mid Kingsbury | 11 | $9,674,000 | $879,455 | $550,000 | 311 | |||
| Lower Kingsbury | 4 | $6,348,000 | $1,587,000 | $1,404,500 | 260 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 560 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 440 | |||
| Lake Village | 11 | $4,817,950 | $437,995 | $359,950 | 155 | |||
| Round Hill | 10 | $7,325,999 | $732,600 | $697,000 | 377 | |||
| Elk Point | 2 | $3,460,000 | $1,730,000 | $1,730,000 | 248 | |||
| Pinewild/Marla | 10 | $9,026,677 | $902,668 | $661,500 | 189 | |||
| Zephyr Heights/Knolls | 10 | $9,084,000 | $908,400 | $732,000 | 138 | |||
| Zephyr Cove | 1 | $510,000 | $510,000 | $510,000 | 23 | |||
| Skyland/Tall Pn/Snug Harbor | 7 | $5,807,000 | $829,571 | $625,000 | 159 | |||
| Hidden Woods | 3 | $6,470,000 | $2,156,667 | $2,595,000 | 283 | |||
| Upper & Lower Lakeridge - LT | 2 | $2,094,999 | $1,047,500 | $1,047,500 | 654 | |||
| Cave Rock | 7 | $12,551,000 | $1,793,000 | $1,040,000 | 198 | |||
| Logan/Cedarbrok | 2 | $5,645,000 | $2,822,500 | $2,822,500 | 500 | |||
| Glenbrk/Uppaway | 20 | $66,758,500 | $3,337,925 | $2,567,500 | 325 | |||
| Lakefront Propt | 15 | $183,390,000 | $12,226,000 | $4,950,000 | 515 | |||
| Sub Total | 152 | $348,608,025 | $2,293,474 | $746,500 | 304 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $534,000 | $267,000 | $267,000 | 3 | |||
| Mid Kingsbury | 1 | $555,000 | $555,000 | $555,000 | 3 | |||
| Kahle Park | 1 | $370,000 | $370,000 | $370,000 | 8 | |||
| Round Hill | 1 | $1,850,000 | $1,850,000 | $1,850,000 | 2 | |||
| Logan/Cedarbrok | 1 | $6,500,000 | $6,500,000 | $6,500,000 | 1 | |||
| Glenbrk/Uppaway | 2 | $2,444,000 | $1,222,000 | $1,222,000 | 4 | |||
| Sub Total | 8 | $12,253,000 | $1,531,625 | $852,000 | 4 | |||
| Back On Market | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 231 | |||
| Sub Total | 1 | $239,000 | $239,000 | $239,000 | 231 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $315,000 | $315,000 | $315,000 | 469 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $1,064,000 | $1,064,000 | $1,064,000 | 188 | |||
| Hidden Woods | 1 | $1,000,000 | $1,000,000 | $1,000,000 | 41 | |||
| Sub Total | 3 | $2,379,000 | $793,000 | $1,000,000 | 233 | |||
| Price Raised | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $146,000 | $146,000 | $146,000 | 314 | |||
| Round Hill | 1 | $588,000 | $588,000 | $588,000 | 3 | |||
| Sub Total | 2 | $734,000 | $367,000 | $367,000 | 159 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $189,000 | $189,000 | $189,000 | 91 | |||
| Lower Kingsbury | 1 | $1,825,000 | $1,825,000 | $1,825,000 | 109 | |||
| Round Hill | 1 | $1,850,000 | $1,850,000 | $1,850,000 | 165 | |||
| Zephyr Heights/Knolls | 1 | $925,000 | $925,000 | $925,000 | 126 | |||
| Lakefront Propt | 1 | $6,350,000 | $6,350,000 | $6,350,000 | 218 | |||
| Sub Total | 5 | $11,139,000 | $2,227,800 | $1,825,000 | 142 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $1,291,900 | $430,633 | $595,000 | 84 | |||
| Upper Kingsbury | 1 | $535,000 | $535,000 | $535,000 | 70 | |||
| Mid Kingsbury | 1 | $479,000 | $479,000 | $479,000 | 27 | |||
| Zephyr Heights/Knolls | 1 | $750,000 | $750,000 | $750,000 | 10 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $895,000 | $895,000 | $895,000 | 394 | |||
| Glenbrk/Uppaway | 1 | $2,850,000 | $2,850,000 | $2,850,000 | 261 | |||
| Sub Total | 8 | $6,800,900 | $850,113 | $595,000 | 127 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $219,000 | $219,000 | $219,000 | 77 | |||
| Zephyr Heights/Knolls | 1 | $745,000 | $745,000 | $745,000 | 360 | |||
| Upper & Lower Lakeridge - LT | 2 | $2,144,000 | $1,072,000 | $1,072,000 | 254 | |||
| Lakefront Propt | 1 | $2,995,000 | $2,995,000 | $2,995,000 | 716 | |||
| Sub Total | 5 | $6,103,000 | $1,220,600 | $849,000 | 332 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $401,400 | $133,800 | $122,500 | 359 | |||
| Upper Kingsbury | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 336 | |||
| Mid Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 302 | |||
| Lake Village | 1 | $349,500 | $349,500 | $349,500 | 1308 | |||
| Round Hill | 2 | $784,000 | $392,000 | $392,000 | 217 | |||
| Zephyr Heights/Knolls | 4 | $3,569,000 | $892,250 | $730,000 | 328 | |||
| Cave Rock | 2 | $2,865,000 | $1,432,500 | $1,432,500 | 751 | |||
| Sub Total | 14 | $10,467,900 | $747,707 | $422,000 | 448 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 12 | $2,583,200 | $215,267 | $188,500 | 159 | |||
| Upper Kingsbury | 7 | $2,568,900 | $366,986 | $395,000 | 145 | |||
| Mid Kingsbury | 6 | $2,972,000 | $495,333 | $454,500 | 252 | |||
| Lower Kingsbury | 1 | $470,000 | $470,000 | $470,000 | 125 | |||
| Lincoln Park | 1 | $450,000 | $450,000 | $450,000 | 174 | |||
| Lake Village | 8 | $2,206,400 | $275,800 | $266,250 | 96 | |||
| Round Hill | 7 | $6,225,250 | $889,321 | $449,000 | 242 | |||
| Pinewild/Marla | 1 | $475,000 | $475,000 | $475,000 | 401 | |||
| Zephyr Heights/Knolls | 3 | $1,759,000 | $586,333 | $535,000 | 425 | |||
| Zephyr Cove | 1 | $730,000 | $730,000 | $730,000 | 939 | |||
| Skyland/Tall Pn/Snug Harbor | 3 | $1,430,000 | $476,667 | $555,000 | 45 | |||
| Upper & Lower Lakeridge - LT | 2 | $1,324,000 | $662,000 | $662,000 | 172 | |||
| 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 | 3 | $8,425,000 | $2,808,333 | $1,500,000 | 395 | |||
| Lakefront Propt | 3 | $15,250,000 | $5,083,333 | $5,750,000 | 795 | |||
| Sub Total | 60 | $49,228,750 | $820,479 | $435,625 | 263 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $399,900 | $399,900 | $399,900 | 111 | |||
| Lake Village | 1 | $349,000 | $349,000 | $349,000 | 20 | |||
| Cave Rock | 1 | $390,000 | $390,000 | $390,000 | 35 | |||
| Sub Total | 3 | $1,138,900 | $379,633 | $390,000 | 55 | |||
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