South Lake Tahoe Weekly Real Estate Market Update for 12/30/11

December 30, 2011

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 trend.

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
%Jim Wire %Real Estate Lake Tahoe

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

South Lake Tahoe Weekly Real Estate Market Update 12/16/11

December 16, 2011

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 trend.

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
%Jim Wire %Real Estate Lake Tahoe

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

South Lake Tahoe Weekly Real Estate Market Update 12/9/11

December 9, 2011

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 trend.

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
%Jim Wire %Real Estate Lake Tahoe

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

South Lake Tahoe Weekly Real Estate Market Update 11/18/11

November 18, 2011

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 trend.

The Fourth Quarter started with a surge and it’s maintaining.  As the inventory decreases which is typical for this time of year the buyer activity is increasing.  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 again from 25.8% to 27.2%.  This is the result of the Pending sales increasing by 4 as the Active inventory dropped by 12.  The distress sales (Short sales and Bank Owned foreclosures) continues to impact the market which now represents 25% of the active inventory and 68.6% of the pending sales.

There were 9 new sales this past week for a YTD of 506 sales.  These sales ranged from as low as $100,000 to $525,000.  The two sales above $322,000 were High meadow Tr for $519,000 and Sundown Tr for $525,000.  This decreased the 6 month average sales price by 1.1% to $336,107.  The average days on market are 151 days. 

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 11/18/11 at 8:44am

 

Active
Listing Price Range Quantity Average DOM  
$50,000 thru $59,999 2 42  
$80,000 thru $89,999 2 85  
$90,000 thru $99,999 3 78  
$100,000 thru $119,999 7 82  
$120,000 thru $139,999 10 201  
$140,000 thru $159,999 12 83  
$160,000 thru $179,999 22 156  
$180,000 thru $199,999 17 158  
$200,000 thru $249,999 27 158  
$250,000 thru $299,999 32 213  
$300,000 thru $349,999 27 173  
$350,000 thru $399,999 20 125  
$400,000 thru $449,999 20 213  
$450,000 thru $499,999 30 188  
$500,000 thru $549,999 8 146  
$550,000 thru $599,999 17 209  
$600,000 thru $649,999 9 303  
$650,000 thru $699,999 12 130  
$700,000 thru $749,999 4 113  
$750,000 thru $799,999 6 263  
$800,000 thru $849,999 3 229  
$850,000 thru $899,999 3 163  
$900,000 thru $949,999 3 260  
$950,000 thru $999,999 3 931  
$1,000,000 thru $1,249,999 3 32  
$1,250,000 thru $1,499,999 10 155  
$1,500,000 thru $1,749,999 5 485  
$1,750,000 thru $1,999,999 2 441  
$2,000,000 thru $2,249,999 1 186  
$3,250,000 thru $3,499,999 1 51  
$3,750,000 thru $3,999,999 1 52  
$4,250,000 thru $4,499,999 2 338  
  324 185  
 
Summary Price Information
Minimum $55,000 Maximum $4,350,000
Average $494,124 Median $362,000

 

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 11/18/11 at 8:44am

 

Pending
Listing Price Range Quantity Average DOM  
$90,000 thru $99,999 3 65  
$100,000 thru $119,999 3 103  
$120,000 thru $139,999 5 114  
$140,000 thru $159,999 12 152  
$160,000 thru $179,999 10 120  
$180,000 thru $199,999 7 129  
$200,000 thru $249,999 24 217  
$250,000 thru $299,999 7 143  
$300,000 thru $349,999 9 142  
$350,000 thru $399,999 11 120  
$400,000 thru $449,999 7 183  
$450,000 thru $499,999 8 214  
$500,000 thru $549,999 2 230  
$550,000 thru $599,999 4 110  
$600,000 thru $649,999 1 52  
$650,000 thru $699,999 2 107  
$750,000 thru $799,999 2 239  
$1,000,000 thru $1,249,999 1 190  
$1,250,000 thru $1,499,999 1 257  
$2,750,000 thru $2,999,999 1 361  
$3,500,000 thru $3,749,999 1 287  
  121 161  
 
Summary Price Information
Minimum $99,000 Maximum $3,595,000
Average $362,392 Median $244,900

 

Sold
Selling Price Range Quantity Average DOM  
$40,000 thru $49,999 1 259  
$60,000 thru $69,999 1 25  
$70,000 thru $79,999 3 83  
$80,000 thru $89,999 1 159  
$90,000 thru $99,999 9 96  
$100,000 thru $119,999 5 178  
$120,000 thru $139,999 17 114  
$140,000 thru $159,999 17 186  
$160,000 thru $179,999 30 111  
$180,000 thru $199,999 23 129  
$200,000 thru $249,999 53 139  
$250,000 thru $299,999 37 160  
$300,000 thru $349,999 34 132  
$350,000 thru $399,999 15 134  
$400,000 thru $449,999 17 162  
$450,000 thru $499,999 13 169  
$500,000 thru $549,999 13 124  
$550,000 thru $599,999 7 321  
$600,000 thru $649,999 7 222  
$650,000 thru $699,999 3 180  
$700,000 thru $749,999 3 206  
$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 1 110  
$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 $336,107 Median $250,000

 

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

South Lake Tahoe Weekly Real Estate Market Update 11/11/11

November 11, 2011

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 trend.

The buying activity remains strong since a surge in the early 4th quarter.  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 24.6% to 25.8%.  This is the result of the Active listings decreasing by 5 as the Pending sales increased by 6.  The distress sales (short sales and bank owned foreclosures) are impacting the market more as it now represents 25.6% of the active inventory and 68.4% of the pending sales.

This past week there were 11 new sales for a YTD of 497 sales.  These sales ranged from a low of $122,000 to a high of $650,000.  All of the sales were below $330,000 except for one sale on Panka for $650,000.  This decreased the 6 month average sales price slightly by .2% to $380,734.  The average days on market are 150 days.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 11/11/11 at 8:08am

 

Active
Listing Price Range Quantity Average DOM  
$50,000 thru $59,999 2 35  
$80,000 thru $89,999 2 78  
$90,000 thru $99,999 4 60  
$100,000 thru $119,999 8 66  
$120,000 thru $139,999 12 150  
$140,000 thru $159,999 13 111  
$160,000 thru $179,999 22 145  
$180,000 thru $199,999 18 170  
$200,000 thru $249,999 32 170  
$250,000 thru $299,999 31 215  
$300,000 thru $349,999 27 181  
$350,000 thru $399,999 22 109  
$400,000 thru $449,999 19 228  
$450,000 thru $499,999 32 179  
$500,000 thru $549,999 8 139  
$550,000 thru $599,999 18 193  
$600,000 thru $649,999 8 327  
$650,000 thru $699,999 12 120  
$700,000 thru $749,999 4 106  
$750,000 thru $799,999 6 256  
$800,000 thru $849,999 3 222  
$850,000 thru $899,999 3 156  
$900,000 thru $949,999 3 253  
$950,000 thru $999,999 3 924  
$1,000,000 thru $1,249,999 2 37  
$1,250,000 thru $1,499,999 10 148  
$1,500,000 thru $1,749,999 5 258  
$1,750,000 thru $1,999,999 2 434  
$2,000,000 thru $2,249,999 1 179  
$3,250,000 thru $3,499,999 1 44  
$3,750,000 thru $3,999,999 1 45  
$4,250,000 thru $4,499,999 2 331  
  336 178  
 
Summary Price Information
Minimum $55,000 Maximum $4,350,000
Average $482,047 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 11/11/11 at 8:08am

 

Pending
Listing Price Range Quantity Average DOM  
$90,000 thru $99,999 1 148  
$100,000 thru $119,999 4 135  
$120,000 thru $139,999 5 126  
$140,000 thru $159,999 11 150  
$160,000 thru $179,999 9 135  
$180,000 thru $199,999 6 130  
$200,000 thru $249,999 20 206  
$250,000 thru $299,999 10 197  
$300,000 thru $349,999 11 126  
$350,000 thru $399,999 10 127  
$400,000 thru $449,999 6 177  
$450,000 thru $499,999 7 206  
$500,000 thru $549,999 4 162  
$550,000 thru $599,999 4 103  
$600,000 thru $649,999 1 45  
$650,000 thru $699,999 1 86  
$750,000 thru $799,999 2 232  
$1,000,000 thru $1,249,999 1 183  
$1,250,000 thru $1,499,999 1 250  
$1,500,000 thru $1,749,999 1 1103  
$2,750,000 thru $2,999,999 1 354  
$3,500,000 thru $3,749,999 1 280  
  117 171  
 
Summary Price Information
Minimum $99,900 Maximum $3,595,000
Average $380,734 Median $275,000

 

Sold
Selling Price Range Quantity Average DOM  
$40,000 thru $49,999 1 259  
$60,000 thru $69,999 1 25  
$70,000 thru $79,999 3 83  
$80,000 thru $89,999 1 159  
$90,000 thru $99,999 9 96  
$100,000 thru $119,999 4 159  
$120,000 thru $139,999 15 115  
$140,000 thru $159,999 18 191  
$160,000 thru $179,999 30 106  
$180,000 thru $199,999 23 129  
$200,000 thru $249,999 53 139  
$250,000 thru $299,999 36 159  
$300,000 thru $349,999 33 135  
$350,000 thru $399,999 17 126  
$400,000 thru $449,999 17 162  
$450,000 thru $499,999 14 175  
$500,000 thru $549,999 12 118  
$550,000 thru $599,999 8 300  
$600,000 thru $649,999 7 222  
$650,000 thru $699,999 3 180  
$700,000 thru $749,999 3 206  
$750,000 thru $799,999 4 75  
$800,000 thru $849,999 4 186  
$900,000 thru $949,999 2 265  
$1,000,000 thru $1,249,999 1 110  
$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  
  324 150  
 
Summary Price Information
Minimum $45,000 Maximum $4,200,000
Average $339,850 Median $252,500

 

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 ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

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