South Lake Tahoe Weekly Real Estate Market Statistics
February 5, 2010
As of July 29th, 2009, I began adding Condos to the market statistics. 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 and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trends.
This past week we saw the Buyer activity decrease. To track this activity, I use the Market Activity Ratio which is the relationship between Active Listings and Pending sales. This past week the Market Activity Ratio decreased from 20.4% to 17.5%. This is the result of the Active Listings jumping up by 16 and the Pending Sales dropping by 12. The percentage of Pending Sales that are Bank Owned and Short Sales is now 75% of the escrows.
This past week there were 12 new sales and the YTD total is 43 sales. The 6 month Average Sales Price is now $400,584 which is a 1.3% decrease from last week. The Average Days On market is 158 days. All of the sales this past week did sell at prices below $350,000 with the exception of 2 sales at $580,000 in the Tahoe Keys and $775,000 in Montgomery Estates.
| Listings per Status | |
South Lake Tahoe Weekly Real Estate Market Statistics
January 28, 2010
As of July 29th, 2009, I began adding Condos to the market statistics. 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 and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trends
This past week we saw a slight increase in the Buyer activity. This is evident from the Market Activity Ratio which is the relationship between the Active Listings (Inventory) and the Pending Sales (Escrows). This is a trend that I track for current Buyer activity. This past week we saw the Market Activity Ratio increase from 19.9% to 20.4%. This is the result of the Active Listings decreasing by 8 and the Pending Sales increasing by 1.
This past week there were 9 new sales for a YTD total of 30. This increased the 6 month average slightly from $405,371 to $405,958. The average Days On Market is 158 days. All of the sales were below $352,000 with two sales above that which occurred at $480,000 and $595,000.
| Listings per Status | |
South Lake Tahoe Weekly Real Estate Market Statistics
January 21, 2010
As of July 29th, 2009, I began adding Condos to the market statistics. 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 and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trends
The market continues to remain consistent. The Market Activity Ratio is the relationship between the Active Listings (Inventory) and Pending Sales (Escrows) which helps me to track the current trend of Buyer activity. This past week we saw a slight increase from 19.5% to 19.9%. This is the result to the Active Listings increasing by 5 and Pending Sales increasing by 3.
This past week we saw 9 new sales for a YTD of 21 Sales which gives us a 6 month Average Sales Price of $405,371 and the Average Days On Market for these sales is 161 days. Most of the Sales prices were below $387,500 with 3 sales above that for $410,000, $480,000 and $850,000. The highest priced sale was located in the Tahoe Keys on Alpine Dr.
| Listings per Status | |
South Lake Tahoe Weekly Real Estate Market Statistics
January 15, 2010
As of July 29th, 2009, I began adding Condos to the market statistics. 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 and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trends
Inventory on the rise! This past week we saw the Market Activity Ratio decrease from 20.5% to 19.5%. This is the relationship between Activity Listings (Inventory) and Pending Sales (Escrows) which tracks a trend in current Buyer Activity. The result of the dip is due to Active Listings increasing by 12 and Pending Sales decreasing by 2.
We are starting a new year with 6 sales this past week for a fresh YTD of 14 Sales. Sales for a one year period from today show the Median Sales Price at $315,000 and the Average Sales Price at $395,100. All of the new sales occurred below $450,000 with the lowest price at $260,000. Despite the consistent activity at the low end of the market, the foreclosures continue to replenish the supply. January and February is usually when inventories are at their lowest before increasing again as we approach summer.
| Listings per Status | |
Area Market Survey
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| Listings as of 01/15/10 at 8:08am |
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| 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 ©2010 Rapattoni Corporation. All rights reserved. |
Area Market Survey
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| Listings as of 01/15/10 at 8:08am |
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| 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 ©2010 Rapattoni Corporation. All rights reserved. |
South Lake Tahoe Weekly Real Estate Market Statistics
January 7, 2010
As of July 29th, 2009, I began adding Condos to the market statistics. 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 and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trends
The end of year sales was robust. The Market Activity Ratio is a trend that I track to find the pulse of the Buyer activity which is the relationship between the Active Listings (Inventory) and Pending Sales (Escrows). In the past couple of weeks the Market Activity Ratio did dip from 22.4% to 20.5% due to the holidays. This was the result of the Active Listings decreasing by 19 and the Pending Sales decreasing by 16.
There were 28 completed Sales and YTD total of 473, which decreased the Average Sales Price by 1.3% to $386,815 and the Median Sales Price remained the same at $314,000. Most of these sales occurred below $500,000 with 5 above that. One sale was a lake front property that sold for $3,200,000. The Average Days On Market was 162 days.
| Listings per Status | |
Area Market Survey
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| Listings as of 01/07/10 at 4:19pm |
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| 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 ©2010 Rapattoni Corporation. All rights reserved. |
Area Market Survey
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| Listings as of 01/07/10 at 4:19pm |
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| 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 ©2010 Rapattoni Corporation. All rights reserved. |

