South Lake Tahoe Weekly Real Estate Market Statistics

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

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

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

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

Listings as of 01/15/10 at 8:08am

Active Listing Price Range  Quantity      Average DOM   $120,000 thru $139,999 3 185   $140,000 thru $159,999 1 228   $160,000 thru $179,999 6 73   $180,000 thru $199,999 6 152   $200,000 thru $249,999 23 119   $250,000 thru $299,999 50 160   $300,000 thru $349,999 43 162   $350,000 thru $399,999 37 207   $400,000 thru $449,999 16 199   $450,000 thru $499,999 18 267   $500,000 thru $549,999 18 131   $550,000 thru $599,999 24 188   $600,000 thru $649,999 8 54   $650,000 thru $699,999 16 228   $700,000 thru $749,999 8 82   $750,000 thru $799,999 9 151   $800,000 thru $849,999 3 187   $850,000 thru $899,999 6 249   $900,000 thru $949,999 2 549   $950,000 thru $999,999 11 241   $1,000,000 thru $1,249,999 13 311   $1,250,000 thru $1,499,999 8 308   $1,500,000 thru $1,749,999 3 143   $1,750,000 thru $1,999,999 6 216   $2,000,000 thru $2,249,999 2 239   $2,250,000 thru $2,499,999 3 448   $3,250,000 thru $3,499,999 2 240   $4,250,000 thru $4,499,999 1 535   $4,500,000 thru $4,749,999 2 83   $5,000,000 thru $5,999,999 1 1283   $10,000,000 or more 1 29     350 191

Summary Price Information Minimum  $126,000 Maximum  $12,900,000 Average  $662,186 Median  $429,500

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

Listings as of 01/15/10 at 8:08am

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $80,000 thru $89,999 1 37   $100,000 thru $119,999 1 43   $120,000 thru $139,999 1 18   $140,000 thru $159,999 1 178   $160,000 thru $179,999 2 61   $180,000 thru $199,999 7 174   $200,000 thru $249,999 9 76   $250,000 thru $299,999 15 188   $300,000 thru $349,999 12 88   $350,000 thru $399,999 6 147   $400,000 thru $449,999 2 275   $450,000 thru $499,999 7 224   $500,000 thru $549,999 2 283   $550,000 thru $599,999 3 259   $600,000 thru $649,999 2 307   $650,000 thru $699,999 3 177   $700,000 thru $749,999 2 128   $750,000 thru $799,999 1 927   $800,000 thru $849,999 2 456   $850,000 thru $899,999 3 365   $950,000 thru $999,999 1 439   $1,250,000 thru $1,499,999 1 81     85 182

Summary Price Information Minimum  $67,900 Maximum  $1,395,000 Average  $397,174 Median  $316,500

Sold Selling Price Range  Quantity      Average DOM   $180,000 thru $199,999 1 153   $200,000 thru $249,999 2 113   $250,000 thru $299,999 1 170   $300,000 thru $349,999 1 66   $350,000 thru $399,999 3 183   $400,000 thru $449,999 3 225   $450,000 thru $499,999 1 245   $500,000 thru $549,999 1 33   $600,000 thru $649,999 1 249     14 169

Summary Price Information Minimum  $190,000 Maximum  $619,000 Average  $364,900 Median  $376,050

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

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

Listings as of 01/07/10 at 4:19pm

Active Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 29   $120,000 thru $139,999 3 177   $140,000 thru $159,999 1 220   $160,000 thru $179,999 3 131   $180,000 thru $199,999 6 144   $200,000 thru $249,999 21 119   $250,000 thru $299,999 46 170   $300,000 thru $349,999 43 155   $350,000 thru $399,999 37 182   $400,000 thru $449,999 16 189   $450,000 thru $499,999 18 266   $500,000 thru $549,999 17 143   $550,000 thru $599,999 26 215   $600,000 thru $649,999 4 97   $650,000 thru $699,999 15 234   $700,000 thru $749,999 7 87   $750,000 thru $799,999 8 135   $800,000 thru $849,999 4 285   $850,000 thru $899,999 7 263   $900,000 thru $949,999 2 541   $950,000 thru $999,999 11 233   $1,000,000 thru $1,249,999 12 326   $1,250,000 thru $1,499,999 8 272   $1,500,000 thru $1,749,999 4 166   $1,750,000 thru $1,999,999 5 249   $2,000,000 thru $2,249,999 3 198   $2,250,000 thru $2,499,999 3 440   $3,250,000 thru $3,499,999 2 232   $4,250,000 thru $4,499,999 1 527   $4,500,000 thru $4,749,999 2 75   $5,000,000 thru $5,999,999 1 1275   $10,000,000 or more 1 21     338 196

Summary Price Information Minimum  $81,000 Maximum  $12,900,000 Average  $674,406 Median  $434,000

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

Listings as of 01/07/10 at 4:19pm

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 69   $100,000 thru $119,999 2 108   $120,000 thru $139,999 1 10   $140,000 thru $159,999 1 170   $160,000 thru $179,999 2 54   $180,000 thru $199,999 6 162   $200,000 thru $249,999 11 74   $250,000 thru $299,999 16 181   $300,000 thru $349,999 15 89   $350,000 thru $399,999 6 272   $400,000 thru $449,999 4 254   $450,000 thru $499,999 5 212   $500,000 thru $549,999 3 308   $550,000 thru $599,999 3 220   $600,000 thru $649,999 2 299   $650,000 thru $699,999 2 104   $700,000 thru $749,999 1 230   $750,000 thru $799,999 1 919   $800,000 thru $849,999 1 295   $850,000 thru $899,999 2 341   $950,000 thru $999,999 1 431   $1,250,000 thru $1,499,999 1 73     87 176

Summary Price Information Minimum  $67,900 Maximum  $1,395,000 Average  $374,062 Median  $307,000

Sold Selling Price Range  Quantity      Average DOM   $80,000 thru $89,999 3 97   $120,000 thru $139,999 7 213   $140,000 thru $159,999 12 102   $160,000 thru $179,999 15 124   $180,000 thru $199,999 21 125   $200,000 thru $249,999 70 138   $250,000 thru $299,999 85 140   $300,000 thru $349,999 59 144   $350,000 thru $399,999 46 187   $400,000 thru $449,999 29 170   $450,000 thru $499,999 28 213   $500,000 thru $549,999 19 250   $550,000 thru $599,999 19 171   $600,000 thru $649,999 14 233   $650,000 thru $699,999 12 166   $700,000 thru $749,999 6 115   $750,000 thru $799,999 6 159   $800,000 thru $849,999 5 213   $850,000 thru $899,999 1 425   $900,000 thru $949,999 5 235   $950,000 thru $999,999 1 1   $1,000,000 thru $1,249,999 2 260   $1,250,000 thru $1,499,999 2 228   $1,500,000 thru $1,749,999 3 52   $2,500,000 thru $2,749,999 1 496   $2,750,000 thru $2,999,999 1 130   $3,000,000 thru $3,249,999 1 117     473 162

Summary Price Information Minimum  $80,000 Maximum  $3,200,000 Average  $391,816 Median  $314,000

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.

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