Lake Tahoe Weekly Real Estate Market Statistics For East Shore Nevada
May 21, 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 wild swings with the DOW, the real estate market in Nevada remained stable. To track the most current buyer activity in the market, I like to use the Market Activity Ratio, which is the relationship between Active Listings and Pending Sales. This past week we saw the Market Activity Ratio remain about the same as it went from 14.9% to 14.8%. This was the result of the Active Listings increasing by 2 as the Pending sales remained the same. It is interesting to note that there are now 2 less Pending Short Sales for a total of 12 which represents 40% of the total Pending Sales.
There was 1 New Sale this past week for a YTD of 47 Sales. This was a home on lower Kingsbury which sold for $399,000. With the lack of million plus sales this past week, it did bring down the 6 month Average Sales Price by 15% to $697,129. The Average days on market for these sales is 269 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 200 | $404,546,525 | $2,022,733 | $734,500 | 280 | |||
| Listings Under Contract | 3 | $1,138,900 | $379,633 | $390,000 | 62 | |||
| Listings Sold 2010 | 47 | $34,802,550 | $740,480 | $446,250 | 257 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 33 | $9,916,900 | $300,512 | $265,000 | 326 | |||
| Upper Kingsbury | 6 | $4,933,000 | $822,167 | $547,000 | 310 | |||
| Mid Kingsbury | 11 | $8,854,000 | $804,909 | $550,000 | 263 | |||
| Lower Kingsbury | 7 | $9,467,000 | $1,352,429 | $1,055,000 | 204 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 567 | |||
| Kahle Park | 2 | $639,000 | $319,500 | $319,500 | 231 | |||
| Lake Village | 10 | $4,462,950 | $446,295 | $387,475 | 159 | |||
| Round Hill | 11 | $10,405,999 | $946,000 | $724,999 | 326 | |||
| Elk Point | 2 | $3,460,000 | $1,730,000 | $1,730,000 | 255 | |||
| Pinewild/Marla | 10 | $9,026,677 | $902,668 | $661,500 | 196 | |||
| Zephyr Heights/Knolls | 9 | $8,545,000 | $949,444 | $925,000 | 157 | |||
| Zephyr Cove | 1 | $510,000 | $510,000 | $510,000 | 30 | |||
| Skyland/Tall Pn/Snug Harbor | 6 | $5,033,000 | $838,833 | $612,000 | 177 | |||
| Hidden Woods | 3 | $6,470,000 | $2,156,667 | $2,595,000 | 290 | |||
| Upper & Lower Lakeridge – LT | 2 | $2,094,999 | $1,047,500 | $1,047,500 | 661 | |||
| Cave Rock | 7 | $12,551,000 | $1,793,000 | $1,040,000 | 205 | |||
| Logan/Cedarbrok | 2 | $5,645,000 | $2,822,500 | $2,822,500 | 507 | |||
| Glenbrk/Uppaway | 20 | $64,821,500 | $3,241,075 | $2,565,000 | 279 | |||
| Lakefront Propt | 16 | $192,545,000 | $12,034,063 | $4,972,500 | 440 | |||
| Sub Total | 159 | $361,076,025 | $2,270,918 | $744,000 | 285 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 3 | $1,659,800 | $553,267 | $219,900 | 3 | |||
| Lower Kingsbury | 1 | $469,000 | $469,000 | $469,000 | 1 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $5,495,000 | $5,495,000 | $5,495,000 | 4 | |||
| Sub Total | 5 | $7,623,800 | $1,524,760 | $469,000 | 3 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Zephyr Heights/Knolls | 1 | $769,000 | $769,000 | $769,000 | 92 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $1,064,000 | $1,064,000 | $1,064,000 | 195 | |||
| Glenbrk/Uppaway | 1 | $1,795,000 | $1,795,000 | $1,795,000 | 708 | |||
| Lakefront Propt | 1 | $5,450,000 | $5,450,000 | $5,450,000 | 329 | |||
| Sub Total | 4 | $9,078,000 | $2,269,500 | $1,429,500 | 331 | |||
| Price Raised | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Mid Kingsbury | 1 | $499,000 | $499,000 | $499,000 | 34 | |||
| Sub Total | 1 | $499,000 | $499,000 | $499,000 | 34 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $299,000 | $299,000 | $299,000 | 10 | |||
| Round Hill | 2 | $1,178,000 | $589,000 | $589,000 | 224 | |||
| Zephyr Heights/Knolls | 1 | $670,000 | $670,000 | $670,000 | 77 | |||
| Sub Total | 4 | $2,147,000 | $536,750 | $574,500 | 134 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $1,291,900 | $430,633 | $595,000 | 91 | |||
| Upper Kingsbury | 1 | $535,000 | $535,000 | $535,000 | 77 | |||
| Lower Kingsbury | 1 | $329,000 | $329,000 | $329,000 | 7 | |||
| Zephyr Heights/Knolls | 1 | $750,000 | $750,000 | $750,000 | 17 | |||
| Skyland/Tall Pn/Snug Harbor | 2 | $1,669,900 | $834,950 | $834,950 | 251 | |||
| Glenbrk/Uppaway | 1 | $2,850,000 | $2,850,000 | $2,850,000 | 268 | |||
| Sub Total | 9 | $7,425,800 | $825,089 | $595,000 | 127 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $219,000 | $219,000 | $219,000 | 84 | |||
| Zephyr Heights/Knolls | 1 | $745,000 | $745,000 | $745,000 | 367 | |||
| Upper & Lower Lakeridge – LT | 2 | $2,144,000 | $1,072,000 | $1,072,000 | 261 | |||
| Lakefront Propt | 1 | $2,995,000 | $2,995,000 | $2,995,000 | 723 | |||
| Sub Total | 5 | $6,103,000 | $1,220,600 | $849,000 | 339 | |||
| Active/Pending-House | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Hidden Woods | 1 | $1,000,000 | $1,000,000 | $1,000,000 | 48 | |||
| Sub Total | 1 | $1,000,000 | $1,000,000 | $1,000,000 | 48 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $401,400 | $133,800 | $122,500 | 366 | |||
| Upper Kingsbury | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 343 | |||
| Lake Village | 1 | $349,500 | $349,500 | $349,500 | 1315 | |||
| Round Hill | 2 | $784,000 | $392,000 | $392,000 | 224 | |||
| Zephyr Heights/Knolls | 3 | $3,094,000 | $1,031,333 | $985,000 | 386 | |||
| Cave Rock | 2 | $2,865,000 | $1,432,500 | $1,432,500 | 758 | |||
| Sub Total | 12 | $9,593,900 | $799,492 | $422,000 | 490 | |||
| 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 | 7 | $3,371,000 | $481,571 | $424,000 | 259 | |||
| 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 | 2 | $7,450,000 | $3,725,000 | $3,725,000 | 827 | |||
| Sub Total | 60 | $41,827,750 | $697,129 | $424,500 | 256 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $399,900 | $399,900 | $399,900 | 118 | |||
| Lake Village | 1 | $349,000 | $349,000 | $349,000 | 27 | |||
| Cave Rock | 1 | $390,000 | $390,000 | $390,000 | 42 | |||
| Sub Total | 3 | $1,138,900 | $379,633 | $390,000 | 62 | |||
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