Lake Tahoe Weekly Real Estate Market Statistics For East Shore Nevada
July 22, 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 market remains steady! To track the most current buyer activity, I like to use the Market Activity Ratio which is the relationship between the Active listings and Pending sales. The Market Activity Ratio remained the same at 10.3% from the previous week. This is the result of the Active listings increaseing by one as the Pending sales remained the same. The number of Pending short sales remained the same at 11.
This past week there were 4 new sales for a YTD of 66 sales. The sales were at Upper Kingsbury for $225,000, Mid Kingsbury for $482,000, Round Hill for $575,000 and Skyland for $770,900. This increased the 6 month average sales price by 1.4% to $735,290. The average days on market is 265 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 240 | $332,670,997 | $1,386,129 | $646,500 | 240 | |||
| Listings Under Contract | 3 | $1,378,900 | $459,633 | $500,000 | 66 | |||
| Listings Sold 2010 | 59 | $43,382,100 | $735,290 | $459,000 | 252 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 31 | $9,070,300 | $292,590 | $240,000 | 311 | |||
| Upper Kingsbury | 13 | $9,064,400 | $697,262 | $595,000 | 189 | |||
| Mid Kingsbury | 17 | $18,727,400 | $1,101,612 | $635,900 | 108 | |||
| Lower Kingsbury | 7 | $9,513,000 | $1,359,000 | $995,000 | 230 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 627 | |||
| Kahle Park | 2 | $603,999 | $302,000 | $302,000 | 293 | |||
| Lake Village | 15 | $6,819,500 | $454,633 | $420,000 | 124 | |||
| Round Hill | 16 | $12,752,500 | $797,031 | $670,250 | 249 | |||
| Elk Point | 2 | $3,380,000 | $1,690,000 | $1,690,000 | 317 | |||
| Pinewild/Marla | 10 | $9,267,000 | $926,700 | $661,500 | 158 | |||
| Zephyr Heights/Knolls | 16 | $14,432,000 | $902,000 | $792,000 | 144 | |||
| Zephyr Cove | 2 | $1,610,000 | $805,000 | $805,000 | 235 | |||
| Skyland/Tall Pn/Snug Harbor | 9 | $7,882,000 | $875,778 | $659,000 | 190 | |||
| Hidden Woods | 4 | $7,220,000 | $1,805,000 | $1,797,500 | 292 | |||
| Upper & Lower Lakeridge – LT | 4 | $3,618,999 | $904,750 | $924,500 | 375 | |||
| Cave Rock | 10 | $13,852,000 | $1,385,200 | $825,000 | 162 | |||
| Logan/Cedarbrok | 1 | $3,995,000 | $3,995,000 | $3,995,000 | 1018 | |||
| Glenbrk/Uppaway | 20 | $59,856,500 | $2,992,825 | $2,297,500 | 333 | |||
| Lakefront Propt | 21 | $116,959,000 | $5,569,476 | $4,900,000 | 353 | |||
| Sub Total | 201 | $310,318,598 | $1,543,874 | $678,000 | 242 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lower Kingsbury | 1 | $485,000 | $485,000 | $485,000 | 0 | |||
| Lake Village | 1 | $240,000 | $240,000 | $240,000 | 5 | |||
| Zephyr Heights/Knolls | 1 | $475,000 | $475,000 | $475,000 | 2 | |||
| Sub Total | 3 | $1,200,000 | $400,000 | $475,000 | 2 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $297,500 | $297,500 | $297,500 | 538 | |||
| Round Hill | 2 | $1,223,999 | $612,000 | $612,000 | 51 | |||
| Zephyr Heights/Knolls | 1 | $699,000 | $699,000 | $699,000 | 154 | |||
| Sub Total | 4 | $2,220,499 | $555,125 | $599,000 | 198 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 6 | $1,887,800 | $314,633 | $226,950 | 88 | |||
| Pinewild/Marla | 2 | $888,000 | $444,000 | $444,000 | 170 | |||
| Cave Rock | 1 | $265,000 | $265,000 | $265,000 | 37 | |||
| Glenbrk/Uppaway | 1 | $1,795,000 | $1,795,000 | $1,795,000 | 528 | |||
| Sub Total | 10 | $4,835,800 | $483,580 | $334,450 | 143 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $1,259,900 | $419,967 | $595,000 | 165 | |||
| Lower Kingsbury | 2 | $498,500 | $249,250 | $249,250 | 173 | |||
| Round Hill | 1 | $499,900 | $499,900 | $499,900 | 29 | |||
| Zephyr Heights/Knolls | 1 | $695,000 | $695,000 | $695,000 | 59 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $995,000 | $995,000 | $995,000 | 739 | |||
| Sub Total | 8 | $3,948,300 | $493,538 | $547,450 | 208 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $229,000 | $229,000 | $229,000 | 16 | |||
| Upper Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 47 | |||
| Mid Kingsbury | 1 | $1,095,000 | $1,095,000 | $1,095,000 | 110 | |||
| Sub Total | 3 | $1,723,000 | $574,333 | $399,000 | 58 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $502,400 | $167,467 | $122,500 | 155 | |||
| Upper Kingsbury | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 404 | |||
| Lake Village | 2 | $599,400 | $299,700 | $299,700 | 717 | |||
| Round Hill | 1 | $249,000 | $249,000 | $249,000 | 46 | |||
| Zephyr Heights/Knolls | 2 | $2,109,000 | $1,054,500 | $1,054,500 | 382 | |||
| Cave Rock | 2 | $2,865,000 | $1,432,500 | $1,432,500 | 820 | |||
| Sub Total | 11 | $8,424,800 | $765,891 | $349,500 | 432 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 9 | $1,864,500 | $207,167 | $190,000 | 270 | |||
| Upper Kingsbury | 9 | $3,380,800 | $375,644 | $395,000 | 134 | |||
| Mid Kingsbury | 5 | $2,370,000 | $474,000 | $482,000 | 189 | |||
| Lower Kingsbury | 1 | $316,000 | $316,000 | $316,000 | 60 | |||
| Lincoln Park | 1 | $450,000 | $450,000 | $450,000 | 174 | |||
| Lake Village | 6 | $1,578,400 | $263,067 | $266,250 | 111 | |||
| Round Hill | 5 | $3,339,000 | $667,800 | $449,000 | 237 | |||
| Pinewild/Marla | 1 | $475,000 | $475,000 | $475,000 | 401 | |||
| Zephyr Heights/Knolls | 5 | $3,434,000 | $686,800 | $725,000 | 291 | |||
| Zephyr Cove | 1 | $730,000 | $730,000 | $730,000 | 939 | |||
| Skyland/Tall Pn/Snug Harbor | 4 | $2,200,900 | $550,225 | $565,000 | 73 | |||
| Upper & Lower Lakeridge – LT | 4 | $3,386,000 | $846,500 | $808,000 | 235 | |||
| 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 | 59 | $43,382,100 | $735,290 | $459,000 | 252 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lake Village | 1 | $349,000 | $349,000 | $349,000 | 89 | |||
| Round Hill | 1 | $529,900 | $529,900 | $529,900 | 62 | |||
| Glenbrk/Uppaway | 1 | $500,000 | $500,000 | $500,000 | 47 | |||
| Sub Total | 3 | $1,378,900 | $459,633 | $500,000 | 66 | |||
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