Lake Tahoe Weekly Real Estate Market Statistics For East Shore Nevada
July 2, 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.
People are still in a buying mood! To track the most current Buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales. This past week we saw the Market Activity Ratio increase from 8.8% to 11.3%. This is a large jump that was the result of the Active Listings decreasing by 11 as the Pending sales increased by 5. The number of short sales decreased by 2 for a total of 11 and it now represents only 44% of the Pending sales.
There were 2 new sales this past week for a YTD of 58 sales. One was a condo on Tina Ct which sold for $86,000 and the other was on Lakeview with a Lake View in Zephyr Heights and sold for $965,000 in cash. This did decrease the 6 month average sales price by 2.4% to $730,988. The average days on market for sales is 274 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 219 | $411,920,924 | $1,880,917 | $675,000 | 238 | |||
| Listings Under Contract | 3 | $1,098,800 | $366,267 | $349,000 | 52 | |||
| Listings Sold 2010 | 58 | $42,310,450 | $729,491 | $447,625 | 262 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 33 | $10,027,150 | $303,853 | $259,500 | 260 | |||
| Upper Kingsbury | 9 | $6,634,400 | $737,156 | $419,000 | 173 | |||
| Mid Kingsbury | 12 | $9,726,500 | $810,542 | $609,500 | 121 | |||
| Lower Kingsbury | 6 | $6,637,000 | $1,106,167 | $977,000 | 176 | |||
| Kahle Park | 1 | $249,000 | $249,000 | $249,000 | 489 | |||
| Lake Village | 10 | $4,463,000 | $446,300 | $412,500 | 156 | |||
| Round Hill | 16 | $13,272,899 | $829,556 | $725,000 | 198 | |||
| Elk Point | 2 | $3,460,000 | $1,730,000 | $1,730,000 | 297 | |||
| Pinewild/Marla | 11 | $9,635,777 | $875,980 | $645,000 | 154 | |||
| Zephyr Heights/Knolls | 13 | $11,595,000 | $891,923 | $845,000 | 143 | |||
| Zephyr Cove | 1 | $510,000 | $510,000 | $510,000 | 72 | |||
| Skyland/Tall Pn/Snug Harbor | 9 | $7,642,000 | $849,111 | $669,000 | 215 | |||
| Hidden Woods | 3 | $6,220,000 | $2,073,333 | $2,595,000 | 332 | |||
| Upper & Lower Lakeridge – LT | 3 | $2,943,999 | $981,333 | $999,999 | 473 | |||
| Cave Rock | 10 | $13,541,000 | $1,354,100 | $867,500 | 129 | |||
| Logan/Cedarbrok | 1 | $3,995,000 | $3,995,000 | $3,995,000 | 998 | |||
| Glenbrk/Uppaway | 21 | $61,851,500 | $2,945,310 | $2,295,000 | 322 | |||
| Lakefront Propt | 20 | $207,773,000 | $10,388,650 | $4,972,500 | 342 | |||
| Sub Total | 181 | $380,177,225 | $2,100,427 | $729,000 | 234 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Mid Kingsbury | 1 | $995,000 | $995,000 | $995,000 | 4 | |||
| Zephyr Heights/Knolls | 1 | $675,000 | $675,000 | $675,000 | 1 | |||
| Sub Total | 2 | $1,670,000 | $835,000 | $835,000 | 3 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $649,000 | $649,000 | $649,000 | 689 | |||
| Lower Kingsbury | 1 | $2,900,000 | $2,900,000 | $2,900,000 | 416 | |||
| Lakefront Propt | 1 | $4,750,000 | $4,750,000 | $4,750,000 | 1523 | |||
| Sub Total | 3 | $8,299,000 | $2,766,333 | $2,900,000 | 876 | |||
| Price Raised | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Glenbrk/Uppaway | 1 | $1,500,000 | $1,500,000 | $1,500,000 | 27 | |||
| Sub Total | 1 | $1,500,000 | $1,500,000 | $1,500,000 | 27 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $299,000 | $299,000 | $299,000 | 315 | |||
| Mid Kingsbury | 2 | $890,000 | $445,000 | $445,000 | 102 | |||
| Lower Kingsbury | 1 | $299,500 | $299,500 | $299,500 | 25 | |||
| Kahle Park | 1 | $354,999 | $354,999 | $354,999 | 57 | |||
| Lake Village | 1 | $308,500 | $308,500 | $308,500 | 30 | |||
| Round Hill | 1 | $650,000 | $650,000 | $650,000 | 339 | |||
| Zephyr Heights/Knolls | 2 | $1,348,000 | $674,000 | $674,000 | 136 | |||
| Cave Rock | 1 | $725,000 | $725,000 | $725,000 | 146 | |||
| Sub Total | 10 | $4,874,999 | $487,500 | $445,000 | 139 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $1,190,000 | $595,000 | $595,000 | 104 | |||
| Mid Kingsbury | 1 | $499,000 | $499,000 | $499,000 | 76 | |||
| Lower Kingsbury | 2 | $528,000 | $264,000 | $264,000 | 165 | |||
| Zephyr Heights/Knolls | 1 | $695,000 | $695,000 | $695,000 | 39 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $774,900 | $774,900 | $774,900 | 143 | |||
| Sub Total | 7 | $3,686,900 | $526,700 | $595,000 | 113 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $189,000 | $189,000 | $189,000 | 42 | |||
| Round Hill | 1 | $649,000 | $649,000 | $649,000 | 106 | |||
| Upper & Lower Lakeridge – LT | 1 | $1,295,000 | $1,295,000 | $1,295,000 | 154 | |||
| Sub Total | 3 | $2,133,000 | $711,000 | $649,000 | 101 | |||
| Active/Pending-House | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Hidden Woods | 1 | $1,000,000 | $1,000,000 | $1,000,000 | 90 | |||
| Sub Total | 1 | $1,000,000 | $1,000,000 | $1,000,000 | 90 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $232,400 | $116,200 | $116,200 | 102 | |||
| Upper Kingsbury | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 384 | |||
| Lake Village | 2 | $599,400 | $299,700 | $299,700 | 697 | |||
| Round Hill | 2 | $674,000 | $337,000 | $337,000 | 157 | |||
| Zephyr Heights/Knolls | 2 | $2,109,000 | $1,054,500 | $1,054,500 | 362 | |||
| Cave Rock | 2 | $2,865,000 | $1,432,500 | $1,432,500 | 800 | |||
| Sub Total | 11 | $8,579,800 | $779,982 | $419,000 | 420 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 11 | $2,149,300 | $195,391 | $179,000 | 228 | |||
| 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 | $3,700,000 | $740,000 | $725,000 | 438 | |||
| 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 | 3 | $2,091,000 | $697,000 | $767,000 | 262 | |||
| 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 | 4 | $10,975,000 | $2,743,750 | $2,025,000 | 371 | |||
| Lakefront Propt | 2 | $7,450,000 | $3,725,000 | $3,725,000 | 827 | |||
| Sub Total | 61 | $44,590,250 | $730,988 | $446,250 | 263 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $219,900 | $219,900 | $219,900 | 44 | |||
| Lake Village | 1 | $349,000 | $349,000 | $349,000 | 69 | |||
| Round Hill | 1 | $529,900 | $529,900 | $529,900 | 42 | |||
| Sub Total | 3 | $1,098,800 | $366,267 | $349,000 | 52 | |||
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