Lake Tahoe Weekly Real Estate Market Statistics For The East Shore In Nevada
August 5, 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 Buyers have not shown urgency but the activity remains stable from the previous week. To track the most current buyer activity, I use the Market Activity Ratio. This is the relationship between the Active listings and Pending sales. This past week we saw the Market Activity Ratio unchanged from the previous week at 12.3%. This is the result of the result of Active listings increaing by 3 as the Pending sales remained the same. The number of pending short sales increased by 1 for a total of 12 and there are a total of 4 pending bank owned properties. The distress sales now represent 40% of all pending sales.
There were 3 new sales this past week for a YTD total of 70 sales. There were 2 sales in Round Hill in the amounts of $475,500 and $505,000. The third sale was in Glenbrook for $1,347,500. This increased the 6 month average sales price by 1.4% to $750,903. The average days on market are 253 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 242 | $429,039,908 | $1,772,892 | $646,500 | 249 | |||
| Listings Under Contract | 2 | $1,124,900 | $562,450 | $562,450 | 82 | |||
| Listings Sold 2010 | 60 | $45,054,200 | $750,903 | $475,000 | 244 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 31 | $8,853,800 | $285,606 | $259,000 | 311 | |||
| Upper Kingsbury | 13 | $9,039,910 | $695,378 | $599,000 | 200 | |||
| Mid Kingsbury | 17 | $18,207,400 | $1,071,024 | $625,000 | 107 | |||
| Lower Kingsbury | 5 | $7,318,000 | $1,463,600 | $995,000 | 252 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 641 | |||
| Kahle Park | 2 | $584,999 | $292,500 | $292,500 | 307 | |||
| Lake Village | 14 | $6,341,000 | $452,929 | $430,000 | 140 | |||
| Round Hill | 16 | $13,113,500 | $819,594 | $670,250 | 262 | |||
| Elk Point | 1 | $1,690,000 | $1,690,000 | $1,690,000 | 302 | |||
| Pinewild/Marla | 9 | $6,112,000 | $679,111 | $599,000 | 182 | |||
| Zephyr Heights/Knolls | 17 | $14,877,000 | $875,118 | $739,000 | 158 | |||
| Zephyr Cove | 2 | $1,599,900 | $799,950 | $799,950 | 249 | |||
| Skyland/Tall Pn/Snug Harbor | 7 | $4,988,000 | $712,571 | $635,000 | 193 | |||
| Hidden Woods | 4 | $7,220,000 | $1,805,000 | $1,797,500 | 306 | |||
| Upper & Lower Lakeridge – LT | 3 | $2,769,999 | $923,333 | $999,999 | 502 | |||
| Cave Rock | 10 | $13,852,000 | $1,385,200 | $825,000 | 176 | |||
| Logan/Cedarbrok | 2 | $4,777,900 | $2,388,950 | $2,388,950 | 522 | |||
| Glenbrk/Uppaway | 17 | $47,053,000 | $2,767,824 | $2,295,000 | 357 | |||
| Lakefront Propt | 22 | $216,859,000 | $9,857,227 | $4,925,000 | 414 | |||
| Sub Total | 193 | $386,952,408 | $2,004,935 | $659,000 | 258 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $449,000 | $449,000 | $449,000 | 6 | |||
| Mid Kingsbury | 1 | $499,000 | $499,000 | $499,000 | 1 | |||
| Pinewild/Marla | 1 | $380,000 | $380,000 | $380,000 | 2 | |||
| Cave Rock | 1 | $799,000 | $799,000 | $799,000 | 1 | |||
| Logan/Cedarbrok | 1 | $1,650,000 | $1,650,000 | $1,650,000 | 3 | |||
| Lakefront Propt | 1 | $1,145,000 | $1,145,000 | $1,145,000 | 4 | |||
| Sub Total | 6 | $4,922,000 | $820,333 | $649,000 | 3 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lower Kingsbury | 1 | $1,750,000 | $1,750,000 | $1,750,000 | 368 | |||
| Pinewild/Marla | 1 | $2,198,000 | $2,198,000 | $2,198,000 | 161 | |||
| Glenbrk/Uppaway | 1 | $7,900,000 | $7,900,000 | $7,900,000 | 336 | |||
| Sub Total | 3 | $11,848,000 | $3,949,333 | $2,198,000 | 288 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $149,000 | $149,000 | $149,000 | 174 | |||
| Upper Kingsbury | 1 | $570,000 | $570,000 | $570,000 | 34 | |||
| Lake Village | 1 | $349,000 | $349,000 | $349,000 | 70 | |||
| Round Hill | 1 | $498,900 | $498,900 | $498,900 | 47 | |||
| Pinewild/Marla | 1 | $1,295,000 | $1,295,000 | $1,295,000 | 59 | |||
| Zephyr Heights/Knolls | 1 | $539,000 | $539,000 | $539,000 | 35 | |||
| Skyland/Tall Pn/Snug Harbor | 2 | $2,515,000 | $1,257,500 | $1,257,500 | 241 | |||
| Upper & Lower Lakeridge – LT | 1 | $839,000 | $839,000 | $839,000 | 48 | |||
| Glenbrk/Uppaway | 2 | $2,149,000 | $1,074,500 | $1,074,500 | 321 | |||
| Sub Total | 11 | $8,903,900 | $809,445 | $839,000 | 144 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 5 | $1,623,900 | $324,780 | $269,000 | 225 | |||
| Mid Kingsbury | 1 | $1,095,000 | $1,095,000 | $1,095,000 | 42 | |||
| Lower Kingsbury | 1 | $299,500 | $299,500 | $299,500 | 59 | |||
| Lake Village | 1 | $308,500 | $308,500 | $308,500 | 64 | |||
| Round Hill | 1 | $189,000 | $189,000 | $189,000 | 29 | |||
| Elk Point | 1 | $1,690,000 | $1,690,000 | $1,690,000 | 360 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $995,000 | $995,000 | $995,000 | 753 | |||
| Sub Total | 11 | $6,200,900 | $563,718 | $308,500 | 221 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $783,900 | $261,300 | $229,000 | 97 | |||
| Upper Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 61 | |||
| Mid Kingsbury | 1 | $1,095,000 | $1,095,000 | $1,095,000 | 124 | |||
| Pinewild/Marla | 1 | $450,000 | $450,000 | $450,000 | 222 | |||
| Sub Total | 6 | $2,727,900 | $454,650 | $387,000 | 117 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $502,400 | $167,467 | $122,500 | 169 | |||
| Upper Kingsbury | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 418 | |||
| Lower Kingsbury | 1 | $485,000 | $485,000 | $485,000 | 14 | |||
| Lake Village | 2 | $599,400 | $299,700 | $299,700 | 731 | |||
| Round Hill | 1 | $249,000 | $249,000 | $249,000 | 60 | |||
| Zephyr Heights/Knolls | 1 | $419,000 | $419,000 | $419,000 | 607 | |||
| Cave Rock | 3 | $3,130,000 | $1,043,333 | $1,365,000 | 573 | |||
| Sub Total | 12 | $7,484,800 | $623,733 | $309,750 | 399 | |||
| 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 | 5 | $1,362,500 | $272,500 | $267,500 | 130 | |||
| Round Hill | 7 | $4,319,500 | $617,071 | $475,500 | 185 | |||
| Pinewild/Marla | 1 | $475,000 | $475,000 | $475,000 | 401 | |||
| Zephyr Heights/Knolls | 5 | $3,549,000 | $709,800 | $725,000 | 243 | |||
| Zephyr Cove | 1 | $730,000 | $730,000 | $730,000 | 939 | |||
| Skyland/Tall Pn/Snug Harbor | 3 | $1,645,900 | $548,633 | $575,000 | 54 | |||
| 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 | 5 | $12,322,500 | $2,464,500 | $1,500,000 | 308 | |||
| Lakefront Propt | 2 | $7,450,000 | $3,725,000 | $3,725,000 | 827 | |||
| Sub Total | 60 | $45,054,200 | $750,903 | $475,000 | 244 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $775,900 | $775,900 | $775,900 | 60 | |||
| Lake Village | 1 | $349,000 | $349,000 | $349,000 | 103 | |||
| Sub Total | 2 | $1,124,900 | $562,450 | $562,450 | 82 | |||
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