South Lake Tahoe Weekly Real Estate Market Statistics

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.

This past week the market heated up with Buyer activity.  To track this, I use the Market Activity Ratio which is the relationship between Active Listings and Pending Sales.  This past week we saw the Market Activity Ratio increase from 17.5% to 20.9%.  This was the result of the Active Listings increasing by 11 and the Pending Sales increasing by 16. 

There were 5 new sales this past week for a YTD of 48 sales.  All of the sales were below $300,000 except for a sale in Montgomery Estates for $518,000 and Tahoe Keys for $750,000.  This brought the 6 month Average Sales Price down by 2% to 392,522.

Listings per Status

Area Market Survey

Listings as of 02/11/10 at 2:55pm

Active Listing Price Range  Quantity      Average DOM   $120,000 thru $139,999 3 212   $140,000 thru $159,999 2 131   $160,000 thru $179,999 8 112   $180,000 thru $199,999 7 115   $200,000 thru $249,999 29 116   $250,000 thru $299,999 46 165   $300,000 thru $349,999 38 161   $350,000 thru $399,999 35 184   $400,000 thru $449,999 22 172   $450,000 thru $499,999 21 201   $500,000 thru $549,999 19 149   $550,000 thru $599,999 20 184   $600,000 thru $649,999 7 145   $650,000 thru $699,999 13 167   $700,000 thru $749,999 12 111   $750,000 thru $799,999 9 164   $800,000 thru $849,999 3 176   $850,000 thru $899,999 6 271   $900,000 thru $949,999 2 576   $950,000 thru $999,999 11 288   $1,000,000 thru $1,249,999 8 158   $1,250,000 thru $1,499,999 8 253   $1,500,000 thru $1,749,999 3 170   $1,750,000 thru $1,999,999 8 209   $2,000,000 thru $2,249,999 2 266   $2,250,000 thru $2,499,999 3 412   $3,250,000 thru $3,499,999 2 267   $4,250,000 thru $4,499,999 1 562   $4,500,000 thru $4,749,999 2 110   $5,000,000 thru $5,999,999 1 1310   $10,000,000 or more 1 56     352 179

Summary Price Information Minimum  $126,000 Maximum  $12,900,000 Average  $656,171 Median  $427,000

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 02/11/10 at 2:55pm

Pending Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 64   $120,000 thru $139,999 2 28   $140,000 thru $159,999 1 205   $160,000 thru $179,999 3 58   $180,000 thru $199,999 7 192   $200,000 thru $249,999 6 70   $250,000 thru $299,999 16 173   $300,000 thru $349,999 14 75   $350,000 thru $399,999 6 286   $400,000 thru $449,999 1 85   $450,000 thru $499,999 10 160   $500,000 thru $549,999 5 176   $550,000 thru $599,999 3 294   $600,000 thru $649,999 5 142   $650,000 thru $699,999 3 218   $700,000 thru $749,999 2 154   $750,000 thru $799,999 1 954   $800,000 thru $849,999 1 636   $850,000 thru $899,999 2 204   $950,000 thru $999,999 1 294   $1,000,000 thru $1,249,999 2 363   $1,250,000 thru $1,499,999 1 108     93 172

Summary Price Information Minimum  $81,000 Maximum  $1,395,000 Average  $423,321 Median  $339,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $80,000 thru $89,999 3 97   $120,000 thru $139,999 6 232   $140,000 thru $159,999 8 111   $160,000 thru $179,999 6 105   $180,000 thru $199,999 13 124   $200,000 thru $249,999 48 106   $250,000 thru $299,999 51 132   $300,000 thru $349,999 31 130   $350,000 thru $399,999 27 178   $400,000 thru $449,999 16 207   $450,000 thru $499,999 15 243   $500,000 thru $549,999 10 251   $550,000 thru $599,999 14 157   $600,000 thru $649,999 9 290   $650,000 thru $699,999 11 191   $700,000 thru $749,999 2 83   $750,000 thru $799,999 5 268   $800,000 thru $849,999 1 45   $850,000 thru $899,999 1 439   $900,000 thru $949,999 2 109   $950,000 thru $999,999 1 1   $1,000,000 thru $1,249,999 1 306   $1,250,000 thru $1,499,999 2 269   $1,500,000 thru $1,749,999 2 71   $2,500,000 thru $2,749,999 1 496   $3,000,000 thru $3,249,999 1 117     288 159

Summary Price Information Minimum  $67,000 Maximum  $3,200,000 Average  $392,522 Median  $311,000

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.

Lake Tahoe East Shore Real Estate Market Statistics

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.

Nevada saw a slight upswing with Buyer Activity.  I like to track the Market Activity Ratio for current Buyer activity which is the relationship between Active Listings and Pending Sales.  This past week we saw the Market Activity Ratio increase from 15.1% to 16.3% which was influenced by the Active Listings increasing by 2 and the Pending Sales increasing by 3.  There are 13 pending short sales and 1 REO sale which represents 53% of the pending sales.

This past week there were 4 new sales for a YTD of 14 sales.  All of the recent sales this past week were below $475,000 which brought the 6 month Sales Average down by .5% to $776,305.  The Average Days on Market for the sales is 216 days.

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
Active Listings				180	$413,121,623	$2,295,120	$749,000	322
Listings Under Contract				0	$0	$0	$0	0
Listings Sold 2010				14	$6,317,050	$451,218	$448,125	208
ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	28	$9,260,400	$330,729	$285,000	339
			Upper Kingsbury	7	$6,132,500	$876,071	$649,000	408
			Mid Kingsbury	8	$7,862,000	$982,750	$572,500	323
			Lower Kingsbury	3	$6,699,000	$2,233,000	$1,949,000	168
			Lincoln Park	1	$1,695,000	$1,695,000	$1,695,000	468
			Lake Village	9	$3,728,350	$414,261	$355,000	306
			Round Hill	13	$12,944,999	$995,769	$749,000	392
			Elk Point	2	$3,840,000	$1,920,000	$1,920,000	158
			Pinewild/Marla	4	$3,117,777	$779,444	$722,500	280
			Zephyr Heights/Knolls	8	$7,912,000	$989,000	$862,000	261
			Zephyr Cove	1	$799,900	$799,900	$799,900	875
			Skyland/Tall Pn/Snug Harbor	5	$4,533,000	$906,600	$1,064,000	176
			Hidden Woods	2	$6,045,000	$3,022,500	$3,022,500	103
			Upper & Lower Lakeridge - LT	6	$5,886,000	$981,000	$1,047,000	316
			Cave Rock	9	$19,006,000	$2,111,778	$2,495,000	507
			Logan/Cedarbrok	1	$4,495,000	$4,495,000	$4,495,000	857
			Glenbrk/Uppaway	17	$71,635,500	$4,213,853	$4,299,500	318
			Lakefront Propt	18	$208,602,500	$11,589,028	$4,995,000	420
			Sub Total	142	$384,194,926	$2,705,598	$999,000	349
New
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$217,000	$217,000	$217,000	2
			Lower Kingsbury	1	$639,000	$639,000	$639,000	3
			Lake Village	1	$280,000	$280,000	$280,000	2
			Cave Rock	1	$795,000	$795,000	$795,000	5
			Sub Total	4	$1,931,000	$482,750	$459,500	3
Back On Market
	RESIDENTIAL
		Residential
			Upper & Lower Lakeridge - LT	1	$1,295,000	$1,295,000	$1,295,000	13
			Sub Total	1	$1,295,000	$1,295,000	$1,295,000	13
Extended
	RESIDENTIAL
		Residential
			Lower Kingsbury	1	$959,000	$959,000	$959,000	181
			Hidden Woods	1	$1,175,000	$1,175,000	$1,175,000	369
			Sub Total	2	$2,134,000	$1,067,000	$1,067,000	275
Price Raised
	RESIDENTIAL
		Residential
			Skyland/Tall Pn/Snug Harbor	1	$850,000	$850,000	$850,000	2
			Sub Total	1	$850,000	$850,000	$850,000	2
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$458,000	$229,000	$229,000	97
			Upper Kingsbury	1	$498,000	$498,000	$498,000	19
			Mid Kingsbury	1	$449,500	$449,500	$449,500	45
			Sub Total	4	$1,405,500	$351,375	$374,750	64
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$934,400	$311,467	$249,000	170
			Upper Kingsbury	1	$429,000	$429,000	$429,000	18
			Skyland/Tall Pn/Snug Harbor	1	$895,000	$895,000	$895,000	302
			Logan/Cedarbrok	1	$1,195,000	$1,195,000	$1,195,000	909
			Lakefront Propt	1	$6,495,000	$6,495,000	$6,495,000	951
			Sub Total	7	$9,948,400	$1,421,200	$501,900	384
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$135,000	$135,000	$135,000	94
			Lake Village	1	$299,000	$299,000	$299,000	13
			Round Hill	1	$425,997	$425,997	$425,997	221
			Glenbrk/Uppaway	1	$1,050,000	$1,050,000	$1,050,000	634
			Sub Total	4	$1,909,997	$477,499	$362,499	241
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$334,000	$167,000	$167,000	474
			Upper Kingsbury	3	$2,559,800	$853,267	$79,900	160
			Mid Kingsbury	1	$399,000	$399,000	$399,000	210
			Lower Kingsbury	1	$239,000	$239,000	$239,000	139
			Kahle Park	1	$279,000	$279,000	$279,000	348
			Lake Village	1	$279,000	$279,000	$279,000	100
			Round Hill	2	$874,000	$437,000	$437,000	78
			Pinewild/Marla	1	$425,000	$425,000	$425,000	269
			Zephyr Heights/Knolls	1	$419,000	$419,000	$419,000	432
			Cave Rock	1	$1,395,000	$1,395,000	$1,395,000	260
			Lakefront Propt	1	$2,250,000	$2,250,000	$2,250,000	638
			Sub Total	15	$9,452,800	$630,187	$399,000	265
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	23	$4,547,750	$197,728	$170,000	173
			Upper Kingsbury	4	$4,099,900	$1,024,975	$307,000	187
			Mid Kingsbury	7	$5,918,386	$845,484	$554,000	373
			Lower Kingsbury	5	$1,748,800	$349,760	$339,900	87
			Lincoln Park	1	$450,000	$450,000	$450,000	174
			Lake Village	6	$2,128,900	$354,817	$316,500	42
			Round Hill	7	$5,078,250	$725,464	$456,000	133
			Pinewild/Marla	3	$1,555,000	$518,333	$500,000	250
			Zephyr Heights/Knolls	6	$3,087,900	$514,650	$517,000	283
			Zephyr Cove	1	$725,000	$725,000	$725,000	107
			Skyland/Tall Pn/Snug Harbor	2	$1,311,000	$655,500	$655,500	190
			Upper & Lower Lakeridge - LT	1	$1,100,000	$1,100,000	$1,100,000	59
			Cave Rock	2	$2,022,000	$1,011,000	$1,011,000	531
			Glenbrk/Uppaway	4	$8,450,000	$2,112,500	$1,925,000	266
			Lakefront Propt	3	$16,000,000	$5,333,333	$4,550,000	655
			Sub Total	75	$58,222,886	$776,305	$356,400	216

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

 

 

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