Lake Tahoe Weekly Real Estate Market Statistics For Nevada East Shore
July 9, 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 Buyer Activity was not as robust as last week but it remained consistent. To track the most current Buyer Activity, I use the Market Activity Ratio which is the relationship between the Active listings and Pending sales. This past week we saw the Market Activity Ratio slightly increase from 11.3% to 11.8%. This was the result of the Active listings increaseing by 8 as the Pending sales increased by 1. On a side note there are currently11 Pending Short Sales which is unchanged from last week and it now represents 42.3% of the Pending sales.
There were 3 new sales this past week for a YTD of 61 sales. These home sales include a home in the Mid Kingsbury area which sold for $580,000, the Zephyr Heights area which sold for $495,00 and a lake view home in Lakeridge which sold for $1,295,000. This increased the 6 month average sales price by .5% to $735,008. The average days on market is 268 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 230 | $427,849,375 | $1,860,215 | $672,000 | 245 | |||
| Listings Under Contract | 3 | $1,098,800 | $366,267 | $349,000 | 59 | |||
| Listings Sold 2010 | 58 | $42,630,450 | $735,008 | $449,500 | 268 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 33 | $10,350,050 | $313,638 | $269,000 | 302 | |||
| Upper Kingsbury | 10 | $7,363,400 | $736,340 | $566,750 | 229 | |||
| Mid Kingsbury | 13 | $9,857,500 | $758,269 | $547,000 | 125 | |||
| Lower Kingsbury | 7 | $9,197,500 | $1,313,929 | $995,000 | 200 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 614 | |||
| Kahle Park | 2 | $603,999 | $302,000 | $302,000 | 280 | |||
| Lake Village | 12 | $5,400,500 | $450,042 | $412,500 | 139 | |||
| Round Hill | 15 | $12,698,000 | $846,533 | $725,000 | 236 | |||
| Elk Point | 1 | $1,690,000 | $1,690,000 | $1,690,000 | 275 | |||
| Pinewild/Marla | 10 | $9,119,777 | $911,978 | $661,500 | 136 | |||
| Zephyr Heights/Knolls | 16 | $13,568,000 | $848,000 | $747,000 | 140 | |||
| Zephyr Cove | 1 | $510,000 | $510,000 | $510,000 | 79 | |||
| Skyland/Tall Pn/Snug Harbor | 9 | $7,917,000 | $879,667 | $669,000 | 177 | |||
| Hidden Woods | 3 | $6,220,000 | $2,073,333 | $2,595,000 | 339 | |||
| Upper & Lower Lakeridge – LT | 4 | $3,618,999 | $904,750 | $924,500 | 362 | |||
| Cave Rock | 11 | $14,266,000 | $1,296,909 | $725,000 | 137 | |||
| Logan/Cedarbrok | 1 | $3,995,000 | $3,995,000 | $3,995,000 | 1005 | |||
| Glenbrk/Uppaway | 21 | $61,851,500 | $2,945,310 | $2,295,000 | 329 | |||
| Lakefront Propt | 20 | $207,769,000 | $10,388,450 | $4,972,500 | 347 | |||
| Sub Total | 190 | $387,691,225 | $2,040,480 | $697,000 | 242 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $383,900 | $191,950 | $191,950 | 3 | |||
| Upper Kingsbury | 1 | $595,000 | $595,000 | $595,000 | 7 | |||
| Mid Kingsbury | 1 | $6,350,000 | $6,350,000 | $6,350,000 | 2 | |||
| Round Hill | 1 | $189,000 | $189,000 | $189,000 | 2 | |||
| Sub Total | 5 | $7,517,900 | $1,503,580 | $229,000 | 3 | |||
| Back On Market | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Hidden Woods | 1 | $1,000,000 | $1,000,000 | $1,000,000 | 97 | |||
| Sub Total | 1 | $1,000,000 | $1,000,000 | $1,000,000 | 97 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Round Hill | 1 | $399,000 | $399,000 | $399,000 | 247 | |||
| Zephyr Cove | 1 | $1,100,000 | $1,100,000 | $1,100,000 | 365 | |||
| Sub Total | 2 | $1,499,000 | $749,500 | $749,500 | 306 | |||
| Price Raised | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Glenbrk/Uppaway | 1 | $2,000,000 | $2,000,000 | $2,000,000 | 34 | |||
| Lakefront Propt | 1 | $4,795,000 | $4,795,000 | $4,795,000 | 1530 | |||
| Sub Total | 2 | $6,795,000 | $3,397,500 | $3,397,500 | 782 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $672,650 | $224,217 | $189,900 | 205 | |||
| Upper Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 34 | |||
| Elk Point | 1 | $1,690,000 | $1,690,000 | $1,690,000 | 333 | |||
| Pinewild/Marla | 1 | $495,000 | $495,000 | $495,000 | 403 | |||
| Lakefront Propt | 1 | $4,395,000 | $4,395,000 | $4,395,000 | 38 | |||
| Sub Total | 7 | $7,651,650 | $1,093,093 | $399,000 | 203 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $1,190,000 | $595,000 | $595,000 | 111 | |||
| Mid Kingsbury | 1 | $499,000 | $499,000 | $499,000 | 83 | |||
| Lower Kingsbury | 2 | $528,000 | $264,000 | $264,000 | 172 | |||
| Round Hill | 1 | $499,900 | $499,900 | $499,900 | 16 | |||
| Zephyr Heights/Knolls | 1 | $695,000 | $695,000 | $695,000 | 46 | |||
| Skyland/Tall Pn/Snug Harbor | 2 | $1,769,900 | $884,950 | $884,950 | 438 | |||
| Sub Total | 9 | $5,181,800 | $575,756 | $595,000 | 176 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $189,000 | $189,000 | $189,000 | 49 | |||
| Mid Kingsbury | 1 | $1,095,000 | $1,095,000 | $1,095,000 | 97 | |||
| Round Hill | 1 | $649,000 | $649,000 | $649,000 | 113 | |||
| Sub Total | 3 | $1,933,000 | $644,333 | $649,000 | 86 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $232,400 | $116,200 | $116,200 | 109 | |||
| Upper Kingsbury | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 391 | |||
| Lake Village | 2 | $599,400 | $299,700 | $299,700 | 704 | |||
| Round Hill | 2 | $674,000 | $337,000 | $337,000 | 164 | |||
| Zephyr Heights/Knolls | 2 | $2,109,000 | $1,054,500 | $1,054,500 | 369 | |||
| Cave Rock | 2 | $2,865,000 | $1,432,500 | $1,432,500 | 807 | |||
| Sub Total | 11 | $8,579,800 | $779,982 | $419,000 | 427 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 10 | $2,029,500 | $202,950 | $184,500 | 247 | |||
| Upper Kingsbury | 8 | $3,155,800 | $394,475 | $397,500 | 144 | |||
| Mid Kingsbury | 4 | $1,888,000 | $472,000 | $454,500 | 213 | |||
| Lincoln Park | 1 | $450,000 | $450,000 | $450,000 | 174 | |||
| Lake Village | 7 | $1,823,400 | $260,486 | $265,000 | 105 | |||
| Round Hill | 5 | $3,210,250 | $642,050 | $446,250 | 249 | |||
| Pinewild/Marla | 1 | $475,000 | $475,000 | $475,000 | 401 | |||
| Zephyr Heights/Knolls | 6 | $4,195,000 | $699,167 | $725,000 | 395 | |||
| 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 | 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 | 58 | $42,630,450 | $735,008 | $449,500 | 268 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $219,900 | $219,900 | $219,900 | 51 | |||
| Lake Village | 1 | $349,000 | $349,000 | $349,000 | 76 | |||
| Round Hill | 1 | $529,900 | $529,900 | $529,900 | 49 | |||
| Sub Total | 3 | $1,098,800 | $366,267 | $349,000 | 59 | |||
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