Lake Tahoe Weekly Real Estate Market Statistics For The East Shore Nevada
July 15, 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 did cool off this past week. I like to track the most current buyer activity with the Market Activity Ratio. This is the relationship between Active Listings and Pending Sales. This past week the Market Activity Ratio did decrease from 11.8% to 10.3%. This is the result of the Active listings increasing by 12 as the Pending Sales decreased by 1. The number of Short Sales remained the same at 11 and it now represents 44% of the Pending Sales.
There was 1 new sale this past week for a YTD of $62 sales. This was a home on lower Kingsbury Grade with a sales price of $316,000. This decreased the 6 month Average Sales Price by 1.3% to $725,169.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 240 | $432,990,775 | $1,804,128 | $649,000 | 240 | |||
| Listings Under Contract | 3 | $1,098,800 | $366,267 | $349,000 | 65 | |||
| Listings Sold 2010 | 62 | $44,960,450 | $725,169 | $449,500 | 259 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 34 | $10,370,700 | $305,021 | $259,700 | 269 | |||
| Upper Kingsbury | 12 | $8,357,400 | $696,450 | $547,000 | 200 | |||
| Mid Kingsbury | 12 | $15,378,500 | $1,281,542 | $598,000 | 122 | |||
| Lower Kingsbury | 6 | $8,728,500 | $1,454,750 | $1,372,500 | 231 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 620 | |||
| Kahle Park | 2 | $603,999 | $302,000 | $302,000 | 286 | |||
| Lake Village | 14 | $6,260,500 | $447,179 | $417,500 | 126 | |||
| Round Hill | 17 | $13,251,500 | $779,500 | $650,000 | 229 | |||
| Elk Point | 2 | $3,380,000 | $1,690,000 | $1,690,000 | 310 | |||
| Pinewild/Marla | 11 | $9,614,777 | $874,071 | $645,000 | 167 | |||
| Zephyr Heights/Knolls | 14 | $12,098,000 | $864,143 | $772,000 | 164 | |||
| Zephyr Cove | 2 | $1,610,000 | $805,000 | $805,000 | 228 | |||
| Skyland/Tall Pn/Snug Harbor | 9 | $7,892,000 | $876,889 | $669,000 | 183 | |||
| Hidden Woods | 4 | $7,220,000 | $1,805,000 | $1,797,500 | 285 | |||
| Upper & Lower Lakeridge – LT | 4 | $3,618,999 | $904,750 | $924,500 | 368 | |||
| Cave Rock | 9 | $12,531,000 | $1,392,333 | $725,000 | 126 | |||
| Logan/Cedarbrok | 1 | $3,995,000 | $3,995,000 | $3,995,000 | 1011 | |||
| Glenbrk/Uppaway | 21 | $61,851,500 | $2,945,310 | $2,295,000 | 335 | |||
| Lakefront Propt | 22 | $216,959,000 | $9,861,773 | $4,925,000 | 393 | |||
| Sub Total | 197 | $405,416,375 | $2,057,951 | $690,500 | 246 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $175,000 | $175,000 | $175,000 | 1 | |||
| Upper Kingsbury | 2 | $1,115,000 | $557,500 | $557,500 | 5 | |||
| Mid Kingsbury | 2 | $1,904,000 | $952,000 | $952,000 | 6 | |||
| Lower Kingsbury | 1 | $639,000 | $639,000 | $639,000 | 157 | |||
| Lake Village | 1 | $559,000 | $559,000 | $559,000 | 5 | |||
| Pinewild/Marla | 1 | $599,000 | $599,000 | $599,000 | 0 | |||
| Zephyr Heights/Knolls | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 1 | |||
| Sub Total | 9 | $6,686,000 | $742,889 | $625,000 | 20 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $225,000 | $225,000 | $225,000 | 247 | |||
| Mid Kingsbury | 1 | $570,000 | $570,000 | $570,000 | 180 | |||
| Cave Rock | 1 | $695,000 | $695,000 | $695,000 | 363 | |||
| Sub Total | 3 | $1,490,000 | $496,667 | $570,000 | 263 | |||
| Price Raised | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $195,000 | $195,000 | $195,000 | 55 | |||
| Sub Total | 1 | $195,000 | $195,000 | $195,000 | 55 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $634,900 | $317,450 | $317,450 | 491 | |||
| Mid Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 71 | |||
| Lower Kingsbury | 1 | $445,000 | $445,000 | $445,000 | 56 | |||
| Zephyr Heights/Knolls | 2 | $1,338,000 | $669,000 | $669,000 | 21 | |||
| Cave Rock | 1 | $955,000 | $955,000 | $955,000 | 80 | |||
| Glenbrk/Uppaway | 1 | $500,000 | $500,000 | $500,000 | 40 | |||
| Sub Total | 8 | $4,111,900 | $513,988 | $474,950 | 159 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $1,259,900 | $419,967 | $595,000 | 158 | |||
| Mid Kingsbury | 1 | $499,000 | $499,000 | $499,000 | 89 | |||
| Lower Kingsbury | 1 | $199,000 | $199,000 | $199,000 | 293 | |||
| Round Hill | 1 | $499,900 | $499,900 | $499,900 | 22 | |||
| Zephyr Heights/Knolls | 1 | $695,000 | $695,000 | $695,000 | 52 | |||
| Skyland/Tall Pn/Snug Harbor | 2 | $1,769,900 | $884,950 | $884,950 | 444 | |||
| Sub Total | 9 | $4,922,700 | $546,967 | $595,000 | 202 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Mid Kingsbury | 1 | $1,095,000 | $1,095,000 | $1,095,000 | 103 | |||
| Round Hill | 1 | $649,000 | $649,000 | $649,000 | 119 | |||
| Sub Total | 2 | $1,744,000 | $872,000 | $872,000 | 111 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $502,400 | $167,467 | $122,500 | 148 | |||
| Upper Kingsbury | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 397 | |||
| Lake Village | 2 | $599,400 | $299,700 | $299,700 | 710 | |||
| Round Hill | 1 | $249,000 | $249,000 | $249,000 | 39 | |||
| Zephyr Heights/Knolls | 2 | $2,109,000 | $1,054,500 | $1,054,500 | 375 | |||
| Cave Rock | 2 | $2,865,000 | $1,432,500 | $1,432,500 | 813 | |||
| Sub Total | 11 | $8,424,800 | $765,891 | $349,500 | 425 | |||
| 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 | 5 | $2,203,000 | $440,600 | $424,000 | 206 | |||
| Lower Kingsbury | 2 | $786,000 | $393,000 | $393,000 | 93 | |||
| Lincoln Park | 1 | $450,000 | $450,000 | $450,000 | 174 | |||
| Lake Village | 7 | $1,823,400 | $260,486 | $265,000 | 105 | |||
| Round Hill | 6 | $4,475,250 | $745,875 | $447,625 | 226 | |||
| Pinewild/Marla | 1 | $475,000 | $475,000 | $475,000 | 401 | |||
| Zephyr Heights/Knolls | 6 | $4,159,000 | $693,167 | $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 | 62 | $44,960,450 | $725,169 | $449,500 | 259 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $219,900 | $219,900 | $219,900 | 57 | |||
| Lake Village | 1 | $349,000 | $349,000 | $349,000 | 82 | |||
| Round Hill | 1 | $529,900 | $529,900 | $529,900 | 55 | |||
| Sub Total | 3 | $1,098,800 | $366,267 | $349,000 | 65 | |||
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