Lake Tahoe Weekly Real Estate Market Statistics For East Shore Nevada
June 18, 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.
It must be a tax credit slow down! The Buyer activity has cooled off since the tax credit deadline. To measure the most current Buyer acivity on the market, I use the Market Activity Ratio which is the relationship between the Active listings and Pending sales. The Market Activity Ratio did decrease from 12.2% to 10.8% this past week. This is the result of the Active listings increasing by 13 as the Pending sales decrease by 2. The number of short sales decreased by 1 and the distress sales now represent 44% of the Pending sales.
There was 1 new sale this past week for a YTD of 53. The sale was a lake view home in Zephyr Heights and sold for $750,000 in cash. This did increase the 6 month average sales price by 3.6% to $696,123. The average days on market for these sales is 248 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 230 | $430,296,025 | $1,870,852 | $686,500 | 259 | |||
| Listings Under Contract | 3 | $1,098,800 | $366,267 | $349,000 | 38 | |||
| Listings Sold 2010 | 54 | $37,942,450 | $702,638 | $435,625 | 253 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 35 | $10,237,150 | $292,490 | $259,500 | 318 | |||
| Upper Kingsbury | 7 | $5,319,000 | $759,857 | $419,000 | 291 | |||
| Mid Kingsbury | 14 | $11,703,000 | $835,929 | $562,500 | 277 | |||
| Lower Kingsbury | 7 | $7,036,000 | $1,005,143 | $959,000 | 140 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 595 | |||
| Kahle Park | 1 | $370,000 | $370,000 | $370,000 | 43 | |||
| Lake Village | 11 | $5,112,400 | $464,764 | $415,000 | 149 | |||
| Round Hill | 14 | $11,766,999 | $840,500 | $699,000 | 250 | |||
| Elk Point | 2 | $3,460,000 | $1,730,000 | $1,730,000 | 283 | |||
| Pinewild/Marla | 11 | $10,355,777 | $941,434 | $678,000 | 205 | |||
| Zephyr Heights/Knolls | 13 | $11,849,000 | $911,462 | $845,000 | 148 | |||
| Zephyr Cove | 1 | $510,000 | $510,000 | $510,000 | 58 | |||
| Skyland/Tall Pn/Snug Harbor | 9 | $7,642,000 | $849,111 | $669,000 | 201 | |||
| Hidden Woods | 3 | $6,470,000 | $2,156,667 | $2,595,000 | 318 | |||
| Upper & Lower Lakeridge - LT | 2 | $2,094,999 | $1,047,500 | $1,047,500 | 689 | |||
| Cave Rock | 7 | $13,957,000 | $1,993,857 | $2,500,000 | 187 | |||
| Logan/Cedarbrok | 2 | $5,645,000 | $2,822,500 | $2,822,500 | 535 | |||
| Glenbrk/Uppaway | 21 | $61,851,500 | $2,945,310 | $2,295,000 | 308 | |||
| Lakefront Propt | 23 | $220,823,000 | $9,601,000 | $4,950,000 | 408 | |||
| Sub Total | 184 | $397,897,825 | $2,162,488 | $759,500 | 277 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $634,500 | $634,500 | $634,500 | 4 | |||
| Mid Kingsbury | 2 | $1,128,500 | $564,250 | $564,250 | 5 | |||
| Round Hill | 2 | $1,349,000 | $674,500 | $674,500 | 4 | |||
| Pinewild/Marla | 1 | $475,000 | $475,000 | $475,000 | 3 | |||
| Zephyr Heights/Knolls | 1 | $795,000 | $795,000 | $795,000 | 1 | |||
| Cave Rock | 3 | $3,059,000 | $1,019,667 | $365,000 | 2 | |||
| Sub Total | 10 | $7,441,000 | $744,100 | $566,750 | 3 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $270,000 | $270,000 | $270,000 | 187 | |||
| Upper Kingsbury | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 370 | |||
| Lake Village | 1 | $327,500 | $327,500 | $327,500 | 79 | |||
| Sub Total | 3 | $2,697,500 | $899,167 | $327,500 | 212 | |||
| Price Raised | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Glenbrk/Uppaway | 1 | $750,000 | $750,000 | $750,000 | 13 | |||
| Sub Total | 1 | $750,000 | $750,000 | $750,000 | 13 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 4 | $1,369,200 | $342,300 | $249,700 | 82 | |||
| Upper Kingsbury | 2 | $1,329,900 | $664,950 | $664,950 | 31 | |||
| Kahle Park | 1 | $255,000 | $255,000 | $255,000 | 475 | |||
| Round Hill | 1 | $649,000 | $649,000 | $649,000 | 92 | |||
| Cave Rock | 1 | $695,000 | $695,000 | $695,000 | 336 | |||
| Sub Total | 9 | $4,298,100 | $477,567 | $299,900 | 143 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $1,291,900 | $430,633 | $595,000 | 119 | |||
| Mid Kingsbury | 1 | $499,000 | $499,000 | $499,000 | 62 | |||
| Lower Kingsbury | 2 | $528,000 | $264,000 | $264,000 | 151 | |||
| Zephyr Heights/Knolls | 1 | $695,000 | $695,000 | $695,000 | 25 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $774,900 | $774,900 | $774,900 | 129 | |||
| Glenbrk/Uppaway | 1 | $2,850,000 | $2,850,000 | $2,850,000 | 296 | |||
| Sub Total | 9 | $6,638,800 | $737,644 | $595,000 | 130 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper & Lower Lakeridge - LT | 2 | $2,144,000 | $1,072,000 | $1,072,000 | 289 | |||
| Sub Total | 2 | $2,144,000 | $1,072,000 | $1,072,000 | 289 | |||
| Active/Pending-House | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Hidden Woods | 1 | $1,000,000 | $1,000,000 | $1,000,000 | 76 | |||
| Sub Total | 1 | $1,000,000 | $1,000,000 | $1,000,000 | 76 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $202,400 | $101,200 | $101,200 | 165 | |||
| Lake Village | 2 | $599,400 | $299,700 | $299,700 | 683 | |||
| Round Hill | 2 | $674,000 | $337,000 | $337,000 | 143 | |||
| Zephyr Heights/Knolls | 3 | $3,088,000 | $1,029,333 | $979,000 | 414 | |||
| Cave Rock | 2 | $2,865,000 | $1,432,500 | $1,432,500 | 786 | |||
| Sub Total | 11 | $7,428,800 | $675,345 | $419,000 | 436 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 11 | $2,413,300 | $219,391 | $190,000 | 216 | |||
| Upper Kingsbury | 8 | $3,155,800 | $394,475 | $397,500 | 144 | |||
| Mid Kingsbury | 5 | $2,033,000 | $406,600 | $410,000 | 206 | |||
| Lower Kingsbury | 1 | $470,000 | $470,000 | $470,000 | 125 | |||
| Lincoln Park | 1 | $450,000 | $450,000 | $450,000 | 174 | |||
| Lake Village | 7 | $1,823,400 | $260,486 | $265,000 | 105 | |||
| Round Hill | 7 | $6,225,250 | $889,321 | $449,000 | 242 | |||
| Pinewild/Marla | 1 | $475,000 | $475,000 | $475,000 | 401 | |||
| Zephyr Heights/Knolls | 5 | $3,234,000 | $646,800 | $725,000 | 340 | |||
| 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 | $372,500 | $372,500 | $372,500 | 59 | |||
| 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 | 59 | $41,071,250 | $696,123 | $425,000 | 248 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $219,900 | $219,900 | $219,900 | 30 | |||
| Lake Village | 1 | $349,000 | $349,000 | $349,000 | 55 | |||
| Round Hill | 1 | $529,900 | $529,900 | $529,900 | 28 | |||
| Sub Total | 3 | $1,098,800 | $366,267 | $349,000 | 38 | |||
Comments
Got something to say?