Market Update As Of January 2nd, 2009

January 3, 2009

What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes only.  The reason that I use this segment of the market is that it has the most influence on the general value trends. 
There has been a slight increase of market activity since last week.  There are two more pending sales for a total of 37 and the inventory dropped from 424 to 410.  This gives us a ratio of 9% for Active listings to Pending sales.  Last year at this time we were at 7%.  The amount of inventory is almost dead even with last year.  We are off to a better start this year!
 
 
 
 
 

 

 

 

Listings per Status
%Jim Wire %Real Estate Lake Tahoe
 
 Minimum, Average, Maximum
 
 Days On Market Analysis
%Jim Wire %Real Estate Lake Tahoe
$1,250,000 thru $1,499,999 1 95  
  37 170  
 
Summary Price Information
Minimum  $155,000 Maximum  $1,295,000
Average  $423,500 Median  $378,900
Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2009 Rapattoni Corporation. All rights reserved.

 

Area Market Survey

 

 

 

Listings as of 01/03/09 at 4:58pm

Active
Listing Price Range  Quantity      Average DOM  
$100,000 thru $119,999 1 18  
$160,000 thru $179,999 1 261  
$180,000 thru $199,999 4 54  
$200,000 thru $249,999 14 103  
$250,000 thru $299,999 30 153  
$300,000 thru $349,999 35 164  
$350,000 thru $399,999 41 155  
$400,000 thru $449,999 27 188  
$450,000 thru $499,999 27 211  
$500,000 thru $549,999 17 273  
$550,000 thru $599,999 26 194  
$600,000 thru $649,999 11 212  
$650,000 thru $699,999 27 124  
$700,000 thru $749,999 8 101  
$750,000 thru $799,999 9 193  
$800,000 thru $849,999 12 174  
$850,000 thru $899,999 11 265  
$900,000 thru $949,999 5 205  
$950,000 thru $999,999 10 231  
$1,000,000 thru $1,249,999 19 176  
$1,250,000 thru $1,499,999 13 241  
$1,500,000 thru $1,749,999 7 199  
$1,750,000 thru $1,999,999 4 364  
$2,000,000 thru $2,249,999 2 317  
$2,250,000 thru $2,499,999 4 97  
$2,500,000 thru $2,749,999 4 87  
$2,750,000 thru $2,999,999 1 727  
$3,000,000 thru $3,249,999 1 114  
$3,250,000 thru $3,499,999 1 222  
$3,750,000 thru $3,999,999 1 206  
$4,750,000 thru $4,999,999 1 16  
$5,000,000 thru $5,999,999 1 158  
$7,000,000 thru $7,999,999 2 566  
  377 183  
 
Summary Price Information
Minimum  $100,000 Maximum  $7,950,000
Average  $750,915 Median  $529,900
Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2009 Rapattoni Corporation. All rights reserved.

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