Lake Tahoe Weekly Home Sale Report for Nevada East Shore 7/15/15

July 15, 2015

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.

The number of Lake Tahoe homes for sale on the Nevada East Shore remains stable! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had increased by .5% to show that 11.9% of the available homes are now pending sales in escrow. This is due to the number of homes for sale decreasing by 1 for a total of 178 as the pending sales increased by 1 for a total of 24. There are currently 2 bank owned foreclosures and 2 short sales on the market.

There were 3 completed sales for a year-to-date total of 81 sales. The sales were on Aspen Way for $365,000, a townhome on Spooner for $390,000 and another single family home on Zephyr Heights Dr for $450,000. The low end sales were enough to lower the 6 month average sales price by 10% to $912,176. The average days on market are 181 days. For more information, contact your Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report for 7/15/15

July 15, 2015

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 looks as though the increasing number of homes for sale in South Lake Tahoe are now leveling! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had increased by 1.3% to show that 23.4% of the available homes are now pending sales in escrow. This is due to the number of homes for sale decreasing by 6 as the pending sales increased by 7. There are now 7 bank owned foreclosures and 3 short sales currently on the market.

There were 9 completed sales this past week for a year-to-date total of 305 sales. The lowest sale was a condo on Ski Run Blvd for $210,000. Most of the sales were below $400,000. The top three sales were on Cochise Cr for $600,000, Ababco St for $645,000 and a townhome on Ala Wai Blvd for $1,975,000. The sales had increased the 6 month average sales price by .7% to $459,526. The average days on market are 114 days. For more information, call your local South Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email jim@hotwiretotahoe.com.

Listings per Status

Area Market Survey
Summary

Listings as of 07/15/15 at 8:11pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 238
$100,000 thru $119,999 1 249
$120,000 thru $139,999 3 46
$140,000 thru $159,999 4 89
$160,000 thru $179,999 9 91
$180,000 thru $199,999 9 208
$200,000 thru $249,999 16 139
$250,000 thru $299,999 35 74
$300,000 thru $349,999 53 110
$350,000 thru $399,999 33 116
$400,000 thru $449,999 30 77
$450,000 thru $499,999 22 123
$500,000 thru $549,999 22 106
$550,000 thru $599,999 29 80
$600,000 thru $649,999 13 64
$650,000 thru $699,999 20 126
$700,000 thru $749,999 7 52
$750,000 thru $799,999 7 220
$800,000 thru $849,999 7 80
$850,000 thru $899,999 6 122
$900,000 thru $949,999 4 91
$950,000 thru $999,999 10 135
$1,000,000 thru $1,249,999 16 88
$1,250,000 thru $1,499,999 12 132
$1,500,000 thru $1,749,999 2 122
$1,750,000 thru $1,999,999 6 159
$2,250,000 thru $2,499,999 1 106
$2,500,000 thru $2,749,999 1 16
$2,750,000 thru $2,999,999 1 383
$4,250,000 thru $4,499,999 1 41
$8,000,000 thru $8,999,999 1 312
382 108
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $596,337 Median $447,000
Pending
Listing Price Range Quantity Average DOM
$80,000 thru $89,999 1 7
$140,000 thru $159,999 1 89
$160,000 thru $179,999 3 67
$180,000 thru $199,999 8 195
$200,000 thru $249,999 10 129
$250,000 thru $299,999 25 112
$300,000 thru $349,999 24 76
$350,000 thru $399,999 11 73
$400,000 thru $449,999 10 65
$450,000 thru $499,999 7 71
$500,000 thru $549,999 2 46
$550,000 thru $599,999 5 58
$600,000 thru $649,999 1 126
$650,000 thru $699,999 6 94
$750,000 thru $799,999 1 22
$800,000 thru $849,999 1 107
$850,000 thru $899,999 1 77
117 94
Summary Price Information
Minimum $80,000 Maximum $899,000
Average $362,390 Median $329,000
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 07/15/15 at 8:11pm
Sold
Selling Price Range Quantity Average DOM
$120,000 thru $139,999 1 75
$140,000 thru $159,999 5 145
$160,000 thru $179,999 9 115
$180,000 thru $199,999 6 103
$200,000 thru $249,999 12 112
$250,000 thru $299,999 51 133
$300,000 thru $349,999 43 98
$350,000 thru $399,999 27 96
$400,000 thru $449,999 32 109
$450,000 thru $499,999 18 135
$500,000 thru $549,999 13 151
$550,000 thru $599,999 19 73
$600,000 thru $649,999 9 111
$650,000 thru $699,999 10 60
$700,000 thru $749,999 6 124
$750,000 thru $799,999 10 134
$850,000 thru $899,999 3 155
$900,000 thru $949,999 2 60
$1,000,000 thru $1,249,999 4 194
$1,250,000 thru $1,499,999 2 63
$1,500,000 thru $1,749,999 2 229
$1,750,000 thru $1,999,999 1 81
$2,000,000 thru $2,249,999 1 57
$2,500,000 thru $2,749,999 1 173
$2,750,000 thru $2,999,999 1 268
288 114
Summary Price Information
Minimum $125,000 Maximum $2,800,000
Average $459,526 Median $379,500
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

South Lake Tahoe Home Sale Weekly Report for 7/2/15

July 2, 2015

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 number of South Lake Tahoe homes for sale continues its rapid pace upward as the pending sales slip down! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had decreased by 1.7% to show that 20% of the available homes for sale are now pending sales in escrow. This is due to the number of homes increasing by 10 for a total of 388 homes and the pending sales decreasing by 8 for a total of 97 sales. There are now 4 bank owned foreclosures and 2 short sales available on the market.

There were 15 completed sales this past week for a total of 279 sales. The lowest sale was on Linda Ave for $180,000. Most of the sales were below $400,000. The top three sales are on Lake Tahoe Blvd for $420,000, Apache Ave for $518,500 and San Francisco Ave for $525,000. The 6 month average sales price decreased by 2% to $456,341. The days on market are 116 days. For more information, contact your South Lake Tahoe real estate agent, Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com.

Listings per Status

Area Market Survey
Summary

Listings as of 07/02/15 at 7:50am
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 225
$100,000 thru $119,999 1 236
$120,000 thru $139,999 3 33
$140,000 thru $159,999 3 85
$160,000 thru $179,999 9 91
$180,000 thru $199,999 12 169
$200,000 thru $249,999 17 121
$250,000 thru $299,999 34 71
$300,000 thru $349,999 57 99
$350,000 thru $399,999 34 114
$400,000 thru $449,999 31 59
$450,000 thru $499,999 22 123
$500,000 thru $549,999 20 83
$550,000 thru $599,999 30 77
$600,000 thru $649,999 10 69
$650,000 thru $699,999 19 122
$700,000 thru $749,999 7 39
$750,000 thru $799,999 7 192
$800,000 thru $849,999 9 75
$850,000 thru $899,999 6 158
$900,000 thru $949,999 3 63
$950,000 thru $999,999 13 114
$1,000,000 thru $1,249,999 14 87
$1,250,000 thru $1,499,999 13 117
$1,500,000 thru $1,749,999 3 86
$1,750,000 thru $1,999,999 5 177
$2,250,000 thru $2,499,999 1 93
$2,500,000 thru $2,749,999 1 3
$2,750,000 thru $2,999,999 1 370
$4,250,000 thru $4,499,999 1 28
$8,000,000 thru $8,999,999 1 299
388 100
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $592,808 Median $442,000
Pending
Listing Price Range Quantity Average DOM
$140,000 thru $159,999 1 76
$160,000 thru $179,999 2 38
$180,000 thru $199,999 6 200
$200,000 thru $249,999 9 150
$250,000 thru $299,999 21 130
$300,000 thru $349,999 17 73
$350,000 thru $399,999 10 41
$400,000 thru $449,999 6 80
$450,000 thru $499,999 8 107
$500,000 thru $549,999 1 156
$550,000 thru $599,999 5 60
$600,000 thru $649,999 3 72
$650,000 thru $699,999 5 122
$700,000 thru $749,999 1 491
$850,000 thru $899,999 1 64
$2,000,000 thru $2,249,999 1 73
97 107
Summary Price Information
Minimum $149,900 Maximum $2,000,000
Average $389,812 Median $329,000
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 07/02/15 at 7:50am
Sold
Selling Price Range Quantity Average DOM
$120,000 thru $139,999 1 75
$140,000 thru $159,999 6 139
$160,000 thru $179,999 8 120
$180,000 thru $199,999 7 108
$200,000 thru $249,999 11 149
$250,000 thru $299,999 50 133
$300,000 thru $349,999 39 98
$350,000 thru $399,999 27 104
$400,000 thru $449,999 31 113
$450,000 thru $499,999 17 138
$500,000 thru $549,999 14 154
$550,000 thru $599,999 19 78
$600,000 thru $649,999 6 135
$650,000 thru $699,999 11 60
$700,000 thru $749,999 6 124
$750,000 thru $799,999 10 134
$850,000 thru $899,999 3 155
$900,000 thru $949,999 2 60
$1,000,000 thru $1,249,999 4 194
$1,250,000 thru $1,499,999 2 63
$1,500,000 thru $1,749,999 2 229
$2,000,000 thru $2,249,999 1 57
$2,500,000 thru $2,749,999 1 173
$2,750,000 thru $2,999,999 1 268
279 118
Summary Price Information
Minimum $125,000 Maximum $2,800,000
Average $456,341 Median $385,000
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Home Sale Weekly Report for the Nevada East Shore 7/1/15

July 2, 2015

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.

The number of Lake Tahoe homes for sale on the Nevada East Shore has risen slightly but the market overall has been stable! To measure the current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had increased by 1.4% to show that 11.4% of the homes for sale are now pending sales in escrow. This is due to the number of homes for sale increasing by 8 for a total of 179 homes and the pending sales increasing by 4 for a total of 23 escrows. There are currently 3 bank owned foreclosures and 2 short sales available on the market.

There were two completed sales this past week for a Year-To-Date total of 75 sales. A townhome on Quaking Aspen sold for $460,000 and a single family home sold for $570,000 on Chimney Rock Rd. The 6 month average sales price did decrease by 12.4% to $1,014,083. The average days on market are 189 days. For more information, contact your Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report for 6/27/15

June 27, 2015

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 number of South Lake Tahoe homes for sale are quickly reaching levels that we haven’t seen since the recession! This may bring down some of the speculative prices that sellers were hoping for. To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes on the market and the pending sales. This past week the Market Activity Ratio had decreased by .8% to show that 21.7% of the homes on the market are now pending sales in escrow. This is due to the number of homes for sales increasing by 19 as the pending sales increased by 1. There are now 378 homes on the market and 105 pending sales. The distress sales represent 1.9% of the available inventory and 9.5% of the pending sales. There are 5 bank owned foreclosures and 2 short sales on the market.

There were 17  completed sales for a Year-to-date total of 264 sales. The lowest sales was a condo on Bonanza for $125,000. Most of the sales were below $400,000. The top three sales were on Cochise Cr for $535,000, Kekin St for $575,000 and Grizzly Mountain Rd for $855,000. The 6 month average sales price increased slightly by .1% to $465,615. The average days on market are 120 days. For more information, contact Jim Wire, your South Lake Tahoe real estate agent at 530-314-9008 or email to jim@hotwiretotahoe.com.

Listings per Status

Area Market Survey
Summary

Listings as of 06/27/15 at 3:31pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 220
$100,000 thru $119,999 1 231
$120,000 thru $139,999 3 28
$140,000 thru $159,999 4 78
$160,000 thru $179,999 10 77
$180,000 thru $199,999 12 176
$200,000 thru $249,999 16 123
$250,000 thru $299,999 35 67
$300,000 thru $349,999 58 96
$350,000 thru $399,999 32 116
$400,000 thru $449,999 29 57
$450,000 thru $499,999 21 126
$500,000 thru $549,999 21 80
$550,000 thru $599,999 25 85
$600,000 thru $649,999 11 73
$650,000 thru $699,999 18 117
$700,000 thru $749,999 5 37
$750,000 thru $799,999 8 171
$800,000 thru $849,999 9 70
$850,000 thru $899,999 5 185
$900,000 thru $949,999 2 89
$950,000 thru $999,999 13 109
$1,000,000 thru $1,249,999 13 89
$1,250,000 thru $1,499,999 14 148
$1,500,000 thru $1,749,999 3 81
$1,750,000 thru $1,999,999 5 172
$2,250,000 thru $2,499,999 1 88
$2,750,000 thru $2,999,999 1 365
$4,250,000 thru $4,499,999 1 23
$8,000,000 thru $8,999,999 1 294
378 101
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $585,381 Median $438,450
Pending
Listing Price Range Quantity Average DOM
$160,000 thru $179,999 1 61
$180,000 thru $199,999 8 170
$200,000 thru $249,999 9 145
$250,000 thru $299,999 20 148
$300,000 thru $349,999 20 77
$350,000 thru $399,999 13 43
$400,000 thru $449,999 7 79
$450,000 thru $499,999 8 102
$500,000 thru $549,999 3 125
$550,000 thru $599,999 5 55
$600,000 thru $649,999 3 67
$650,000 thru $699,999 5 117
$700,000 thru $749,999 1 486
$850,000 thru $899,999 1 59
$2,000,000 thru $2,249,999 1 68
105 107
Summary Price Information
Minimum $178,000 Maximum $2,000,000
Average $392,048 Median $330,000
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 06/27/15 at 3:31pm
Sold
Selling Price Range Quantity Average DOM
$120,000 thru $139,999 1 75
$140,000 thru $159,999 6 139
$160,000 thru $179,999 9 117
$180,000 thru $199,999 5 113
$200,000 thru $249,999 12 141
$250,000 thru $299,999 49 134
$300,000 thru $349,999 36 100
$350,000 thru $399,999 24 108
$400,000 thru $449,999 30 114
$450,000 thru $499,999 18 134
$500,000 thru $549,999 11 177
$550,000 thru $599,999 19 78
$600,000 thru $649,999 7 125
$650,000 thru $699,999 11 60
$700,000 thru $749,999 6 124
$750,000 thru $799,999 10 134
$850,000 thru $899,999 3 155
$900,000 thru $949,999 3 113
$1,000,000 thru $1,249,999 4 194
$1,250,000 thru $1,499,999 2 63
$1,500,000 thru $1,749,999 3 166
$2,000,000 thru $2,249,999 1 57
$2,500,000 thru $2,749,999 1 173
$2,750,000 thru $2,999,999 1 268
272 120
Summary Price Information
Minimum $125,000 Maximum $2,800,000
Average $465,615 Median $386,000
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 ©2015 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

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