It’s been another very active week in the local market!  To measure the most current buyer activity, I use the Market Activity Ratio, which is the relationship between Active listings and Pending sales.  This past week the Market Activity Ratio increased from 28.2% to 29.3%.  This is the result of the Active listings remaining the same as the Pending sales increased by 7.  The distress sales (Short sales and Bank Owned Foreclosures) continue to impact the market as it now represents 25% of the inventory and 64% of the pending sales.

This past week there were 9 new sales for a YTD of 63 sales.  These sales ranged from as low as $48,000 to as high as $439,000.  Most of the sales were below $172,000 with just 2 sales above that which were on Fair Meadow Ct for $340,000 and a condo in the Tahoe Keys for $439,000.  This increased the 6 month average sales price by 3.1% to $316,303.  The average days on market are 157 days.

Listings per Status

Area Market Survey Summary Listings as of 02/17/12 at 7:58am Active Listing Price Range Quantity Average DOM $50,000 thru $59,999 1 154 $70,000 thru $79,999 2 10 $80,000 thru $89,999 1 215 $90,000 thru $99,999 3 110 $100,000 thru $119,999 8 115 $120,000 thru $139,999 6 166 $140,000 thru $159,999 13 106 $160,000 thru $179,999 13 263 $180,000 thru $199,999 14 128 $200,000 thru $249,999 24 206 $250,000 thru $299,999 25 220 $300,000 thru $349,999 27 136 $350,000 thru $399,999 25 93 $400,000 thru $449,999 12 265 $450,000 thru $499,999 19 248 $500,000 thru $549,999 7 196 $550,000 thru $599,999 11 323 $600,000 thru $649,999 5 290 $650,000 thru $699,999 7 136 $700,000 thru $749,999 4 183 $750,000 thru $799,999 1 289 $800,000 thru $849,999 2 385 $850,000 thru $899,999 8 166 $900,000 thru $949,999 1 598 $950,000 thru $999,999 3 447 $1,250,000 thru $1,499,999 11 218 $1,500,000 thru $1,749,999 4 295 $1,750,000 thru $1,999,999 1 683 $2,000,000 thru $2,249,999 3 460 $2,250,000 thru $2,499,999 1 688 $2,500,000 thru $2,749,999 2 688 $3,250,000 thru $3,499,999 1 142 $3,500,000 thru $3,749,999 1 378 $4,250,000 thru $4,499,999 1 405 $10,000,000 or More 1 772   268 206   Summary Price Information Minimum $55,000 Maximum $12,900,000 Average $561,409 Median $349,450 Pending Listing Price Range Quantity Average DOM $50,000 thru $59,999 1 112 $80,000 thru $89,999 2 153 $90,000 thru $99,999 3 193 $100,000 thru $119,999 4 117 $120,000 thru $139,999 3 135 $140,000 thru $159,999 4 209 $160,000 thru $179,999 10 155 $180,000 thru $199,999 6 128 $200,000 thru $249,999 24 125 $250,000 thru $299,999 10 124 $300,000 thru $349,999 5 152 $350,000 thru $399,999 13 107 $400,000 thru $449,999 2 252 $450,000 thru $499,999 10 169 $500,000 thru $549,999 4 96 $550,000 thru $599,999 3 193 $600,000 thru $649,999 2 288 $650,000 thru $699,999 1 129 $900,000 thru $949,999 1 73 $950,000 thru $999,999 1 158 $1,000,000 thru $1,249,999 2 104   111 142   Summary Price Information Minimum $59,000 Maximum $1,099,000 Average $316,303 Median $249,000 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 02/17/12 at 7:58am Sold Selling Price Range Quantity Average DOM $40,000 thru $49,999 2 145 $50,000 thru $59,999 2 149 $70,000 thru $79,999 1 51 $80,000 thru $89,999 1 159 $90,000 thru $99,999 4 138 $100,000 thru $119,999 9 189 $120,000 thru $139,999 23 132 $140,000 thru $159,999 22 141 $160,000 thru $179,999 31 115 $180,000 thru $199,999 26 131 $200,000 thru $249,999 54 157 $250,000 thru $299,999 29 172 $300,000 thru $349,999 28 133 $350,000 thru $399,999 20 175 $400,000 thru $449,999 14 210 $450,000 thru $499,999 14 165 $500,000 thru $549,999 10 139 $550,000 thru $599,999 5 201 $600,000 thru $649,999 6 344 $650,000 thru $699,999 2 211 $700,000 thru $749,999 5 171 $750,000 thru $799,999 2 241 $800,000 thru $849,999 2 163 $900,000 thru $949,999 1 108 $950,000 thru $999,999 1 199 $1,000,000 thru $1,249,999 2 157 $1,250,000 thru $1,499,999 1 291 $2,500,000 thru $2,749,999 1 403 $3,500,000 thru $3,749,999 1 120 $4,000,000 thru $4,249,999 1 143   320 157   Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $321,736 Median $230,000 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

The market continues to remain strong!  To measure the most current buyer activity, I use the Market Activity Ratio, which is the relationship between Active listings and Pending sales.  This past week the Market Activity Ratio had increased from 27.2% to 28.2%.  This is the result of Active listings decreasing by 2 as the Pending sales increased by 4.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it now represents 25.7% of the active listings and 65.7% of the Pending sales. 

There were 10 new sales this past week for a YTD total of 54 sales.  These sales ranged from $127,500 to $395,750.  The top two sales were on Mule Deer for $350,000 and Lodgepole Tr for $395,750.  This decreased the 6 month average sales price significantly by 7.1%.  The average days on market are 155 days.  The market is strong with buyer activity, but most of the sales are at the bottom of the market.

Listings per Status

Area Market Survey Summary Listings as of 02/10/12 at 8:37am Active Listing Price Range Quantity Average DOM $50,000 thru $59,999 1 147 $70,000 thru $79,999 2 3 $80,000 thru $89,999 1 208 $90,000 thru $99,999 3 130 $100,000 thru $119,999 10 120 $120,000 thru $139,999 7 146 $140,000 thru $159,999 13 105 $160,000 thru $179,999 13 289 $180,000 thru $199,999 14 127 $200,000 thru $249,999 26 205 $250,000 thru $299,999 21 256 $300,000 thru $349,999 25 136 $350,000 thru $399,999 27 87 $400,000 thru $449,999 12 258 $450,000 thru $499,999 23 223 $500,000 thru $549,999 7 189 $550,000 thru $599,999 11 316 $600,000 thru $649,999 4 204 $650,000 thru $699,999 7 129 $700,000 thru $749,999 2 257 $750,000 thru $799,999 2 238 $800,000 thru $849,999 2 378 $850,000 thru $899,999 7 182 $900,000 thru $949,999 1 591 $950,000 thru $999,999 3 440 $1,250,000 thru $1,499,999 11 211 $1,500,000 thru $1,749,999 3 384 $1,750,000 thru $1,999,999 1 676 $2,000,000 thru $2,249,999 2 681 $2,250,000 thru $2,499,999 1 681 $2,500,000 thru $2,749,999 2 681 $3,250,000 thru $3,499,999 1 135 $3,500,000 thru $3,749,999 1 371 $4,250,000 thru $4,499,999 1 398 $10,000,000 or More 1 765   268 206   Summary Price Information Minimum $55,000 Maximum $12,900,000 Average $546,042 Median $349,450 Pending Listing Price Range Quantity Average DOM $40,000 thru $49,999 4 30 $50,000 thru $59,999 4 105 $70,000 thru $79,999 4 207 $80,000 thru $89,999 8 146 $90,000 thru $99,999 4 226 $100,000 thru $119,999 12 95 $120,000 thru $139,999 20 108 $140,000 thru $159,999 24 184 $160,000 thru $179,999 44 140 $180,000 thru $199,999 20 130 $200,000 thru $249,999 84 110 $250,000 thru $299,999 36 130 $300,000 thru $349,999 20 145 $350,000 thru $399,999 44 120 $400,000 thru $449,999 12 251 $450,000 thru $499,999 24 177 $500,000 thru $549,999 16 89 $550,000 thru $599,999 12 186 $600,000 thru $649,999 8 281 $650,000 thru $699,999 4 122 $900,000 thru $949,999 4 66 $950,000 thru $999,999 4 151 $1,000,000 thru $1,249,999 8 97   420 136   Summary Price Information Minimum $49,900 Maximum $1,099,000 Average $306,717 Median $240,000 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 02/10/12 at 8:37am Sold Selling Price Range Quantity Average DOM $40,000 thru $49,999 2 259 $50,000 thru $59,999 2 92 $70,000 thru $79,999 2 51 $80,000 thru $89,999 2 159 $90,000 thru $99,999 8 138 $100,000 thru $119,999 18 189 $120,000 thru $139,999 38 136 $140,000 thru $159,999 44 141 $160,000 thru $179,999 60 117 $180,000 thru $199,999 52 131 $200,000 thru $249,999 114 151 $250,000 thru $299,999 60 169 $300,000 thru $349,999 60 129 $350,000 thru $399,999 42 170 $400,000 thru $449,999 28 195 $450,000 thru $499,999 28 165 $500,000 thru $549,999 20 139 $550,000 thru $599,999 12 185 $600,000 thru $649,999 12 344 $650,000 thru $699,999 4 211 $700,000 thru $749,999 10 171 $750,000 thru $799,999 6 175 $800,000 thru $849,999 4 163 $900,000 thru $949,999 2 108 $950,000 thru $999,999 2 199 $1,000,000 thru $1,249,999 4 157 $1,250,000 thru $1,499,999 2 291 $2,500,000 thru $2,749,999 2 403 $3,500,000 thru $3,749,999 2 120 $4,000,000 thru $4,249,999 2 143   644 155   Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $327,284 Median $235,000 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

The appetite for affordable homes in Tahoe remains constant!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the market activity ratio had slightly increased from 27% to 27.2%.  This is the result of the Active listings decreasing by 6 as the pending sales decreased by 1.  The distress sales (Short Sales and Bank Owned Foreclosures) continue to impact our market as it now represents 23.7% of the Active inventory and 71.3% of the Pending sales. 

There were 12 new sales this past week for a YTD total of 44 sales.  This past week the sales ranged from $127,000 to $575,000.  Half of the sales were above $350,000 with the highest sale on Blackfoot Rd for $575,000.  The 6 month average sales price did not change much from last week.  The average days on market are 153 days.

Listings per Status

Area Market Survey Summary Listings as of 02/03/12 at 8:57am Active Listing Price Range Quantity Average DOM $50,000 thru $59,999 2 119 $80,000 thru $89,999 1 201 $90,000 thru $99,999 3 123 $100,000 thru $119,999 7 128 $120,000 thru $139,999 8 138 $140,000 thru $159,999 9 120 $160,000 thru $179,999 17 244 $180,000 thru $199,999 11 135 $200,000 thru $249,999 32 180 $250,000 thru $299,999 21 256 $300,000 thru $349,999 25 136 $350,000 thru $399,999 26 100 $400,000 thru $449,999 11 274 $450,000 thru $499,999 24 217 $500,000 thru $549,999 9 165 $550,000 thru $599,999 10 279 $600,000 thru $649,999 3 123 $650,000 thru $699,999 10 141 $700,000 thru $749,999 2 250 $750,000 thru $799,999 2 231 $800,000 thru $849,999 2 371 $850,000 thru $899,999 7 175 $900,000 thru $949,999 1 584 $950,000 thru $999,999 3 433 $1,250,000 thru $1,499,999 11 204 $1,500,000 thru $1,749,999 3 377 $1,750,000 thru $1,999,999 1 669 $2,000,000 thru $2,249,999 2 674 $2,250,000 thru $2,499,999 1 674 $2,500,000 thru $2,749,999 2 674 $3,250,000 thru $3,499,999 1 128 $3,500,000 thru $3,749,999 1 364 $4,250,000 thru $4,499,999 1 391 $10,000,000 or More 1 758   270 203   Summary Price Information Minimum $55,000 Maximum $12,900,000 Average $550,124 Median $349,900 Pending Listing Price Range Quantity Average DOM $40,000 thru $49,999 4 23 $70,000 thru $79,999 4 200 $80,000 thru $89,999 8 139 $90,000 thru $99,999 4 219 $100,000 thru $119,999 16 93 $120,000 thru $139,999 20 101 $140,000 thru $159,999 36 161 $160,000 thru $179,999 44 131 $180,000 thru $199,999 20 123 $200,000 thru $249,999 72 99 $250,000 thru $299,999 44 116 $300,000 thru $349,999 16 287 $350,000 thru $399,999 44 103 $400,000 thru $449,999 16 203 $450,000 thru $499,999 20 154 $500,000 thru $549,999 4 66 $550,000 thru $599,999 12 179 $600,000 thru $649,999 4 529 $900,000 thru $949,999 4 59 $950,000 thru $999,999 4 144 $1,000,000 thru $1,249,999 8 91   404 134   Summary Price Information Minimum $49,900 Maximum $1,099,000 Average $290,526 Median $232,900 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 02/03/12 at 8:57am Sold Selling Price Range Quantity Average DOM $40,000 thru $49,999 2 259 $50,000 thru $59,999 2 92 $70,000 thru $79,999 4 100 $80,000 thru $89,999 2 159 $90,000 thru $99,999 8 138 $100,000 thru $119,999 18 189 $120,000 thru $139,999 36 139 $140,000 thru $159,999 42 139 $160,000 thru $179,999 60 112 $180,000 thru $199,999 52 131 $200,000 thru $249,999 114 152 $250,000 thru $299,999 56 153 $300,000 thru $349,999 60 129 $350,000 thru $399,999 38 170 $400,000 thru $449,999 32 197 $450,000 thru $499,999 30 176 $500,000 thru $549,999 22 131 $550,000 thru $599,999 12 185 $600,000 thru $649,999 14 309 $650,000 thru $699,999 4 211 $700,000 thru $749,999 10 171 $750,000 thru $799,999 6 175 $800,000 thru $849,999 4 163 $900,000 thru $949,999 2 108 $950,000 thru $999,999 2 199 $1,000,000 thru $1,249,999 4 157 $1,250,000 thru $1,499,999 2 291 $2,500,000 thru $2,749,999 2 403 $3,500,000 thru $3,749,999 2 120 $4,000,000 thru $4,249,999 2 143   644 153   Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $330,181 Median $235,000 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

The market is still buzzing and inventory is low.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the Market Activity Ratio had decreased from 29.5% to 27%.  This is the result of Active listings increasing by 8 as the Pending sales decreased by 10.  The distress sales (Short sales and Bank Owned Foreclosures) continue to impact the market as it now represents 22.1% of the Active inventory and 79.4% of the Pending sales. 

This past week there were 13 new sales for a YTD total of 32 sales.  These sales ranged from a low of $58,000 to a high of $815,000.  Most of the sales were below 265,000 with 3 sales above that which were on Skyline for $350,000, Timber Ln for $445,000 and Mackedie for $815,000.  This increased the 6 month average sales price by 20% to $330,294.  The average days on market are 150 days.

It’s the perfect storm without the snow!  Interest rates remain low, prices are low and the lack of snow is allowing easy traveling for buyers to Tahoe.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the Market Activity Ratio had increased slightly from 29.1% to 29.5%.  This is the result of the Active listings decreasing by 3 as the Pending sales increased by 1.  The distress sales (Short Sales and Bank Owned Foreclosures) continue to impact our market as it now represents 21.6% of the Active inventory and 73.2% of the pending sales.

This past week there were 8 new sales for a YTD total of 19 sales.  These sales ranged from $$125,000 to $815,000.  Most of the sales were below $169,000 with two sales above that.  These sales were on Inverness Dr which sold for $317,000 and Mackedie Way which sold for $815,000.  The 6 month average sale price slightly had increased by .1% to $334,182.  The average days on market are 151 days.

Listings per Status

Area Market Survey Listings as of 01/19/12 at 8:28pm   Active Listing Price Range Quantity Average DOM   $40,000 thru $49,999 1 8   $50,000 thru $59,999 1 83   $90,000 thru $99,999 2 98   $100,000 thru $119,999 4 193   $120,000 thru $139,999 7 142   $140,000 thru $159,999 10 114   $160,000 thru $179,999 16 175   $180,000 thru $199,999 13 133   $200,000 thru $249,999 29 185   $250,000 thru $299,999 23 238   $300,000 thru $349,999 24 122   $350,000 thru $399,999 25 100   $400,000 thru $449,999 12 266   $450,000 thru $499,999 25 202   $500,000 thru $549,999 7 187   $550,000 thru $599,999 12 277   $600,000 thru $649,999 3 75   $650,000 thru $699,999 10 132   $700,000 thru $749,999 2 235   $750,000 thru $799,999 3 226   $800,000 thru $849,999 2 356   $850,000 thru $899,999 6 160   $900,000 thru $949,999 3 258   $950,000 thru $999,999 3 465   $1,250,000 thru $1,499,999 11 189   $1,500,000 thru $1,749,999 3 362   $1,750,000 thru $1,999,999 2 503   $2,000,000 thru $2,249,999 2 659   $2,250,000 thru $2,499,999 1 659   $2,500,000 thru $2,749,999 2 659   $3,250,000 thru $3,499,999 1 113   $3,500,000 thru $3,749,999 1 349   $4,250,000 thru $4,499,999 1 376   $10,000,000 or more 1 743     268 196     Summary Price Information Minimum $49,900 Maximum $12,900,000 Average $567,152 Median $369,500   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 01/19/12 at 8:28pm   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 125   $70,000 thru $79,999 2 136   $80,000 thru $89,999 2 124   $100,000 thru $119,999 7 91   $120,000 thru $139,999 6 158   $140,000 thru $159,999 10 163   $160,000 thru $179,999 9 149   $180,000 thru $199,999 7 165   $200,000 thru $249,999 21 133   $250,000 thru $299,999 12 94   $300,000 thru $349,999 4 272   $350,000 thru $399,999 16 108   $400,000 thru $449,999 2 141   $450,000 thru $499,999 5 206   $500,000 thru $549,999 2 47   $550,000 thru $599,999 3 172   $600,000 thru $649,999 1 514   $1,000,000 thru $1,249,999 2 76     112 140     Summary Price Information Minimum $55,000 Maximum $1,099,000 Average $274,971 Median $233,700   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 6 113   $100,000 thru $119,999 8 143   $120,000 thru $139,999 19 128   $140,000 thru $159,999 21 125   $160,000 thru $179,999 31 108   $180,000 thru $199,999 24 130   $200,000 thru $249,999 57 155   $250,000 thru $299,999 28 155   $300,000 thru $349,999 30 129   $350,000 thru $399,999 16 177   $400,000 thru $449,999 15 203   $450,000 thru $499,999 15 176   $500,000 thru $549,999 12 134   $550,000 thru $599,999 5 197   $600,000 thru $649,999 9 268   $650,000 thru $699,999 2 211   $700,000 thru $749,999 5 171   $750,000 thru $799,999 4 150   $800,000 thru $849,999 2 163   $900,000 thru $949,999 2 265   $950,000 thru $999,999 1 199   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 291   $2,500,000 thru $2,749,999 1 403   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     322 151     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $334,182 Median $235,000   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

The South Lake Tahoe market has not slowed down from the fourth quarter last year!  Could this be a sign the our market is turning a corner?  To measure that most current buyer activity, I use the Marke Activity Ratio which is the relationship between the Active listings and Pending sales.  This past week the Market Activity Ratio increased dramatically from 23.2% to 29.1%.  This is the result of the Active listings decreasing by 21 as the Pending sales increased by 21.  The Active inventory is at it’s lowest level since the market bust.  The distress sales (Bank Owned Foreclosures and Short Sales) continues to impact our market and it now represents 22.9% of the Active listings and 73% of the Pending sales.

There were 10 new sales this past week for a YTD of 11.  These sales ranged from a low of $95,000 to a high of $588,000.  Most of the sales were below $279,000 with two sales above that which were on Saddle Rd for $375,000 and Marconi Way for $588,000.  This decreased the 6 month average sales price by .2% to $333,975.  The average days on market are 149 days. 

Listings per Status

Area Market Survey Listings as of 01/13/12 at 8:21am   Active Listing Price Range Quantity Average DOM   $40,000 thru $49,999 1 2   $50,000 thru $59,999 1 77   $90,000 thru $99,999 2 92   $100,000 thru $119,999 5 161   $120,000 thru $139,999 6 159   $140,000 thru $159,999 10 109   $160,000 thru $179,999 15 183   $180,000 thru $199,999 14 114   $200,000 thru $249,999 32 193   $250,000 thru $299,999 24 228   $300,000 thru $349,999 22 133   $350,000 thru $399,999 26 94   $400,000 thru $449,999 12 260   $450,000 thru $499,999 26 199   $500,000 thru $549,999 7 187   $550,000 thru $599,999 12 271   $600,000 thru $649,999 2 105   $650,000 thru $699,999 9 140   $700,000 thru $749,999 2 229   $750,000 thru $799,999 3 220   $800,000 thru $849,999 2 350   $850,000 thru $899,999 6 154   $900,000 thru $949,999 3 252   $950,000 thru $999,999 3 459   $1,250,000 thru $1,499,999 11 183   $1,500,000 thru $1,749,999 3 356   $1,750,000 thru $1,999,999 2 497   $2,000,000 thru $2,249,999 2 653   $2,250,000 thru $2,499,999 1 653   $2,500,000 thru $2,749,999 2 653   $3,250,000 thru $3,499,999 1 107   $3,500,000 thru $3,749,999 1 343   $3,750,000 thru $3,999,999 1 108   $4,250,000 thru $4,499,999 1 370   $10,000,000 or more 1 737     271 194     Summary Price Information Minimum $49,900 Maximum $12,900,000 Average $574,914 Median $369,000   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 01/13/12 at 8:21am   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 119   $70,000 thru $79,999 2 130   $80,000 thru $89,999 2 118   $100,000 thru $119,999 7 85   $120,000 thru $139,999 6 152   $140,000 thru $159,999 10 158   $160,000 thru $179,999 13 136   $180,000 thru $199,999 7 159   $200,000 thru $249,999 18 137   $250,000 thru $299,999 11 92   $300,000 thru $349,999 6 239   $350,000 thru $399,999 14 108   $400,000 thru $449,999 2 135   $450,000 thru $499,999 4 192   $500,000 thru $549,999 1 45   $550,000 thru $599,999 3 166   $600,000 thru $649,999 1 508   $800,000 thru $849,999 1 155   $1,000,000 thru $1,249,999 2 70     111 139     Summary Price Information Minimum $55,000 Maximum $1,099,000 Average $272,532 Median $225,000   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 7 105   $100,000 thru $119,999 8 143   $120,000 thru $139,999 18 126   $140,000 thru $159,999 18 126   $160,000 thru $179,999 31 108   $180,000 thru $199,999 24 130   $200,000 thru $249,999 59 152   $250,000 thru $299,999 29 160   $300,000 thru $349,999 29 112   $350,000 thru $399,999 16 177   $400,000 thru $449,999 17 193   $450,000 thru $499,999 15 176   $500,000 thru $549,999 12 134   $550,000 thru $599,999 5 197   $600,000 thru $649,999 9 268   $650,000 thru $699,999 2 211   $700,000 thru $749,999 5 171   $750,000 thru $799,999 4 150   $800,000 thru $849,999 1 165   $900,000 thru $949,999 2 265   $950,000 thru $999,999 1 199   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 291   $2,500,000 thru $2,749,999 1 403   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     322 149     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $333,975 Median $236,000   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

We begin a New Year with a market that continues to move forward.  To measure the most current buyer 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 23.9% to 23.2%.  This is the result of the Active listings decreasing by 8 as the Pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it now represents 26.4% of the active inventory and 75.6% of the pending sales.

There were 13 new sales this past week.  After a great year for the number of units sold in 2011, we now begin the new year with 3 sales YTD.  The sales this past week ranged from $114,900 to $2,650,000.  Most of the sales were below $330,000 with 3 sales above that.  There was a sale on Julie Ln for $475,000, Emerald Dr for $719,000 and a lake front on Lighthouse Shores for $2,650,000.  The lake front sale increased the 6 month average sales price by 1.4% to $334,537.  The average days on market for home sales are 150 days.

Listings per Status

Area Market Survey Listings as of 01/06/12 at 8:38am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 70   $70,000 thru $79,999 1 73   $90,000 thru $99,999 3 103   $100,000 thru $119,999 7 136   $120,000 thru $139,999 6 164   $140,000 thru $159,999 13 139   $160,000 thru $179,999 16 192   $180,000 thru $199,999 13 134   $200,000 thru $249,999 40 177   $250,000 thru $299,999 26 190   $300,000 thru $349,999 23 139   $350,000 thru $399,999 27 93   $400,000 thru $449,999 11 219   $450,000 thru $499,999 28 185   $500,000 thru $549,999 7 180   $550,000 thru $599,999 13 258   $600,000 thru $649,999 2 98   $650,000 thru $699,999 9 143   $700,000 thru $749,999 3 177   $750,000 thru $799,999 3 213   $800,000 thru $849,999 2 343   $850,000 thru $899,999 5 177   $900,000 thru $949,999 3 245   $950,000 thru $999,999 3 452   $1,000,000 thru $1,249,999 1 69   $1,250,000 thru $1,499,999 11 176   $1,500,000 thru $1,749,999 3 349   $1,750,000 thru $1,999,999 2 490   $2,000,000 thru $2,249,999 2 646   $2,250,000 thru $2,499,999 1 646   $2,500,000 thru $2,749,999 2 646   $3,250,000 thru $3,499,999 1 100   $3,500,000 thru $3,749,999 1 336   $3,750,000 thru $3,999,999 1 101   $4,250,000 thru $4,499,999 1 363   $10,000,000 or more 1 730     292 185     Summary Price Information Minimum $59,000 Maximum $12,900,000 Average $554,052 Median $346,750   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 01/06/12 at 8:38am   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 112   $80,000 thru $89,999 1 64   $90,000 thru $99,999 1 204   $100,000 thru $119,999 6 88   $120,000 thru $139,999 5 139   $140,000 thru $159,999 8 119   $160,000 thru $179,999 12 131   $180,000 thru $199,999 7 111   $200,000 thru $249,999 11 81   $250,000 thru $299,999 11 120   $300,000 thru $349,999 4 289   $350,000 thru $399,999 10 113   $400,000 thru $449,999 2 128   $450,000 thru $499,999 3 238   $500,000 thru $549,999 1 38   $550,000 thru $599,999 3 159   $600,000 thru $649,999 2 301   $800,000 thru $849,999 1 148   $1,000,000 thru $1,249,999 1 57     90 130     Summary Price Information Minimum $55,000 Maximum $1,050,000 Average $275,142 Median $219,000   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 6 87   $100,000 thru $119,999 8 143   $120,000 thru $139,999 18 126   $140,000 thru $159,999 20 133   $160,000 thru $179,999 30 110   $180,000 thru $199,999 23 129   $200,000 thru $249,999 62 154   $250,000 thru $299,999 27 156   $300,000 thru $349,999 30 109   $350,000 thru $399,999 16 176   $400,000 thru $449,999 17 193   $450,000 thru $499,999 17 170   $500,000 thru $549,999 13 154   $550,000 thru $599,999 4 222   $600,000 thru $649,999 9 268   $650,000 thru $699,999 2 211   $700,000 thru $749,999 5 171   $750,000 thru $799,999 4 150   $800,000 thru $849,999 1 165   $900,000 thru $949,999 2 265   $950,000 thru $999,999 1 199   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 291   $2,500,000 thru $2,749,999 1 403   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     325 150     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $334,537 Median $237,000   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

It’s a good ending to a good year for sales!  To measure the most current buyer 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 27.1% to 23.9%.  This is the result of the Active listings increasing by 4 as the Pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) continue to impact the market it now represents 26.8% of the Active listings and 77.1% of the Pending sales.

There were 12 new sales this past week for a YTD of 582 sales.  The sales ranged from $158,000 to $1,450,000.  Most of the sales were below $375,000 with 4 sales above that.  These sales were on Julie Ln for $475,000, Alice Lake Rd for $540,000, Emerald Dr for $719,000 and Ski Run Blvd for $1,450,000.  Despite the higher sales, the 6 month average sales price decreased by 1.9% to $329,770.  The average days on market are 150 days.  Compared to 2010, the units sold has increased by approximately 3.6% or 20 more units sold.  However, the values continue to drop.  When you compare the 6 month average sales price the difference from a year ago is approximately 10%.

Listings per Status

Area Market Survey Listings as of 12/30/11 at 8:38am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 63   $70,000 thru $79,999 1 66   $80,000 thru $89,999 3 139   $90,000 thru $99,999 3 96   $100,000 thru $119,999 8 121   $120,000 thru $139,999 7 188   $140,000 thru $159,999 13 98   $160,000 thru $179,999 14 205   $180,000 thru $199,999 15 155   $200,000 thru $249,999 40 163   $250,000 thru $299,999 25 218   $300,000 thru $349,999 25 157   $350,000 thru $399,999 23 99   $400,000 thru $449,999 14 197   $450,000 thru $499,999 28 211   $500,000 thru $549,999 8 158   $550,000 thru $599,999 15 245   $600,000 thru $649,999 3 263   $650,000 thru $699,999 11 137   $700,000 thru $749,999 3 159   $750,000 thru $799,999 4 213   $800,000 thru $849,999 2 336   $850,000 thru $899,999 4 160   $900,000 thru $949,999 4 233   $950,000 thru $999,999 2 614   $1,000,000 thru $1,249,999 2 86   $1,250,000 thru $1,499,999 9 194   $1,500,000 thru $1,749,999 6 442   $1,750,000 thru $1,999,999 2 483   $2,000,000 thru $2,249,999 3 502   $2,250,000 thru $2,499,999 1 639   $2,500,000 thru $2,749,999 2 639   $3,250,000 thru $3,499,999 1 93   $3,500,000 thru $3,749,999 1 329   $3,750,000 thru $3,999,999 1 94   $4,250,000 thru $4,499,999 1 356   $10,000,000 or more 1 723     306 193     Summary Price Information Minimum $59,000 Maximum $12,900,000 Average $559,532 Median $349,000   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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 12/30/11 at 8:38am   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 105   $90,000 thru $99,999 2 136   $100,000 thru $119,999 4 86   $120,000 thru $139,999 6 127   $140,000 thru $159,999 9 154   $160,000 thru $179,999 11 122   $180,000 thru $199,999 8 127   $200,000 thru $249,999 16 159   $250,000 thru $299,999 10 125   $300,000 thru $349,999 3 256   $350,000 thru $399,999 11 101   $400,000 thru $449,999 3 152   $450,000 thru $499,999 3 231   $500,000 thru $549,999 1 31   $550,000 thru $599,999 3 152   $600,000 thru $649,999 2 294   $800,000 thru $849,999 1 141   $1,000,000 thru $1,249,999 1 50   $2,750,000 thru $2,999,999 1 403     96 143     Summary Price Information Minimum $55,000 Maximum $2,995,000 Average $304,388 Median $227,000   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 7 85   $100,000 thru $119,999 7 149   $120,000 thru $139,999 18 126   $140,000 thru $159,999 20 133   $160,000 thru $179,999 32 109   $180,000 thru $199,999 22 129   $200,000 thru $249,999 57 150   $250,000 thru $299,999 28 153   $300,000 thru $349,999 29 110   $350,000 thru $399,999 15 184   $400,000 thru $449,999 18 190   $450,000 thru $499,999 17 170   $500,000 thru $549,999 14 147   $550,000 thru $599,999 5 330   $600,000 thru $649,999 9 268   $650,000 thru $699,999 2 211   $700,000 thru $749,999 5 171   $750,000 thru $799,999 4 150   $800,000 thru $849,999 1 165   $900,000 thru $949,999 2 265   $950,000 thru $999,999 1 199   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 291   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     322 150     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $329,770 Median $238,450   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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

We are still lacking snow in Tahoe but the real estate sales remain strong!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the market activity ratio has decreased from 38% to 27.1%.  This is the result of the Active listings increasing by 2 as the Pending sales decreased by 2.  The distress sales ( short sales and bank owned foreclosures) continue to impact our market which represents 27.8% of the Active inventory and 72.3% of the Pending inventory. 

This past week there were 12 new sales for a YTD total of 552 sales.  These sales ranged from $124,600 to $600,000.  Half of the sales were above $400,000 which were on Colusa for $414,000, Marconi Way for $445,000, Wedeln Ct for $455,000, Sierra House Tr for $525,000, Oglala for $560,000 and Sherman Way for $600,000.  This helped to maintain the 6 month average sales price which decreased slightly by .1% to $336,125.  The average days on market are 156 days.

Listings per Status

Area Market Survey Listings as of 12/16/11 at 8:50am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 2 70   $70,000 thru $79,999 1 52   $80,000 thru $89,999 2 108   $90,000 thru $99,999 4 101   $100,000 thru $119,999 6 176   $120,000 thru $139,999 9 150   $140,000 thru $159,999 13 90   $160,000 thru $179,999 19 170   $180,000 thru $199,999 15 148   $200,000 thru $249,999 32 172   $250,000 thru $299,999 29 200   $300,000 thru $349,999 22 167   $350,000 thru $399,999 21 116   $400,000 thru $449,999 16 157   $450,000 thru $499,999 26 208   $500,000 thru $549,999 8 144   $550,000 thru $599,999 16 226   $600,000 thru $649,999 3 249   $650,000 thru $699,999 8 146   $700,000 thru $749,999 3 145   $750,000 thru $799,999 5 199   $800,000 thru $849,999 2 322   $850,000 thru $899,999 5 118   $900,000 thru $949,999 3 288   $950,000 thru $999,999 2 600   $1,000,000 thru $1,249,999 2 72   $1,250,000 thru $1,499,999 9 180   $1,500,000 thru $1,749,999 6 428   $1,750,000 thru $1,999,999 2 469   $2,000,000 thru $2,249,999 3 488   $2,250,000 thru $2,499,999 1 625   $2,500,000 thru $2,749,999 2 625   $3,250,000 thru $3,499,999 1 79   $3,500,000 thru $3,749,999 1 315   $3,750,000 thru $3,999,999 1 80   $4,250,000 thru $4,499,999 1 342   $10,000,000 or more 1 709     302 188     Summary Price Information Minimum $55,000 Maximum $12,900,000 Average $559,191 Median $348,750   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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 12/16/11 at 8:50am   Pending Listing Price Range Quantity Average DOM   $90,000 thru $99,999 2 122   $100,000 thru $119,999 4 107   $120,000 thru $139,999 6 113   $140,000 thru $159,999 11 135   $160,000 thru $179,999 8 125   $180,000 thru $199,999 8 104   $200,000 thru $249,999 21 170   $250,000 thru $299,999 11 134   $300,000 thru $349,999 6 195   $350,000 thru $399,999 11 127   $400,000 thru $449,999 2 167   $450,000 thru $499,999 9 163   $500,000 thru $549,999 2 65   $550,000 thru $599,999 3 137   $600,000 thru $649,999 2 280   $650,000 thru $699,999 1 148   $750,000 thru $799,999 1 385   $800,000 thru $849,999 1 127   $1,000,000 thru $1,249,999 1 36   $1,250,000 thru $1,499,999 1 285   $2,750,000 thru $2,999,999 1 389     112 148     Summary Price Information Minimum $99,000 Maximum $2,995,000 Average $333,161 Median $239,450   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 8 84   $100,000 thru $119,999 7 149   $120,000 thru $139,999 20 118   $140,000 thru $159,999 21 171   $160,000 thru $179,999 32 121   $180,000 thru $199,999 22 131   $200,000 thru $249,999 58 146   $250,000 thru $299,999 33 164   $300,000 thru $349,999 35 128   $350,000 thru $399,999 16 145   $400,000 thru $449,999 18 188   $450,000 thru $499,999 15 175   $500,000 thru $549,999 13 146   $550,000 thru $599,999 6 329   $600,000 thru $649,999 8 283   $650,000 thru $699,999 3 180   $700,000 thru $749,999 4 186   $750,000 thru $799,999 3 72   $800,000 thru $849,999 4 186   $900,000 thru $949,999 2 265   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 735   $1,500,000 thru $1,749,999 1 585   $2,500,000 thru $2,749,999 1 445   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     339 156     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $336,125 Median $245,000   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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

The lack of snow may not be good for the ski resorts but it’s golden for the real estate sales.  To measure the most current buyer activity, I use the Marke Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the market activity ratio increased from 27.2% to 38%.  I have not seen the ratio go beyond 30% since I started tracking it since the market boom.  This is the result of the Active listings decreasing by 12 as the Pending sales decreased by 4.  There are 46 less homes for sale than last year at this time.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it represents 26% of the active inventory and 71.9% of the pending sales.

This past week there were 15 new sales for a YTD of 540.  These sales ranged from as low as $110,000 to as high as $1,100,000.  Most of the sales were below $375,000 with 2 sales above that for $645,000 on Bonanza and $1,100,000 on Aloha.  The 6 month average sales price continued to decrease by .1% to $335,635.  The average days on market are 151 days.  I compared my notes to last year and we are now ahead of last years sales with 19 more units sold but the average sales price dropped by approximately 8.6%.

Listings per Status

Area Market Survey Listings as of 12/09/11 at 8:25am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 2 63   $70,000 thru $79,999 1 45   $80,000 thru $89,999 1 166   $90,000 thru $99,999 5 82   $100,000 thru $119,999 5 203   $120,000 thru $139,999 10 136   $140,000 thru $159,999 13 86   $160,000 thru $179,999 19 185   $180,000 thru $199,999 13 185   $200,000 thru $249,999 31 171   $250,000 thru $299,999 30 193   $300,000 thru $349,999 22 171   $350,000 thru $399,999 18 115   $400,000 thru $449,999 19 149   $450,000 thru $499,999 24 223   $500,000 thru $549,999 9 147   $550,000 thru $599,999 15 222   $600,000 thru $649,999 5 182   $650,000 thru $699,999 8 139   $700,000 thru $749,999 3 138   $750,000 thru $799,999 6 284   $800,000 thru $849,999 2 315   $850,000 thru $899,999 5 111   $900,000 thru $949,999 3 281   $950,000 thru $999,999 2 593   $1,000,000 thru $1,249,999 2 65   $1,250,000 thru $1,499,999 9 173   $1,500,000 thru $1,749,999 5 506   $1,750,000 thru $1,999,999 2 462   $2,000,000 thru $2,249,999 3 481   $2,250,000 thru $2,499,999 1 618   $2,500,000 thru $2,749,999 2 618   $3,250,000 thru $3,499,999 1 72   $3,500,000 thru $3,749,999 1 308   $3,750,000 thru $3,999,999 1 73   $4,250,000 thru $4,499,999 1 335   $10,000,000 or more 1 702     300 191     Summary Price Information Minimum $55,000 Maximum $12,900,000 Average $560,419 Median $348,750   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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 12/09/11 at 8:25am   Pending Listing Price Range Quantity Average DOM   $90,000 thru $99,999 2 115   $100,000 thru $119,999 4 100   $120,000 thru $139,999 5 148   $140,000 thru $159,999 10 154   $160,000 thru $179,999 7 52   $180,000 thru $199,999 8 92   $200,000 thru $249,999 22 181   $250,000 thru $299,999 10 139   $300,000 thru $349,999 6 188   $350,000 thru $399,999 11 120   $400,000 thru $449,999 4 163   $450,000 thru $499,999 9 179   $500,000 thru $549,999 3 171   $550,000 thru $599,999 4 137   $600,000 thru $649,999 3 532   $650,000 thru $699,999 1 141   $750,000 thru $799,999 1 378   $800,000 thru $849,999 1 120   $1,000,000 thru $1,249,999 1 29   $1,250,000 thru $1,499,999 1 278   $2,750,000 thru $2,999,999 1 382     114 159     Summary Price Information Minimum $99,000 Maximum $2,995,000 Average $345,502 Median $249,000   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 8 84   $100,000 thru $119,999 7 149   $120,000 thru $139,999 18 111   $140,000 thru $159,999 21 171   $160,000 thru $179,999 31 117   $180,000 thru $199,999 21 134   $200,000 thru $249,999 55 144   $250,000 thru $299,999 33 164   $300,000 thru $349,999 34 128   $350,000 thru $399,999 16 145   $400,000 thru $449,999 16 190   $450,000 thru $499,999 14 164   $500,000 thru $549,999 12 126   $550,000 thru $599,999 4 372   $600,000 thru $649,999 7 172   $650,000 thru $699,999 3 180   $700,000 thru $749,999 4 186   $750,000 thru $799,999 3 72   $800,000 thru $849,999 4 186   $900,000 thru $949,999 2 265   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 735   $1,500,000 thru $1,749,999 1 585   $2,500,000 thru $2,749,999 1 445   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     324 151     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $335,635 Median $245,000   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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045