Lake Tahoe Home Sale Weekly Report for the Nevada East Shore 5/29/15

May 29, 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.

Lake Tahoe home sales on the Nevada east shore is stability and not much change! To measure the most current buyer activity, I use the Market Activity Ratio which is the number of homes for sale and the pending sales. This past week the Market Activity Ratio had increased by .4% to show that 15.6% of the available Lake Tahoe homes for sale are now pending sales in escrow. This is due to the number of homes for sale increasing by 1 as the pending sales increased by 1. There is now 1 bank owned foreclosure and 3 short sales currently available for sale. The distress sales now represent 2.6% of the available inventory and 21.4% of the pending sales.

There were 3 completed sales this past week for a Year-To-Date total of 55 sales. The sales were on Highway 50 for $425,000, Kent Way for $775,000 and Short Road for $1,100,000. The average days on market are 203 sales. Although slow, the home sales are just falling short of last year by 5 sales! For more information, contact your local Lake Tahoe real estate agent, Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report 5/29/15

May 29, 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.

Home sales in South Lake Tahoe and the inventory are both on the rise! 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 1.2% to show that 24.1% of the available homes for sale in South Lake Tahoe are now pending sales in escrow. This is due to the number of homes for sale increasing by 5 as the pending sales increased by 8. There are now 2 bank owned foreclosures and 3 short sales currently on the market. The distress sales now represent 1.6% of the available inventory and 11.8% of the pending sales.

There were 12 completed sales this past week for a Year-To-Date total of 215 sales. The lowest sale was a townhome on Ski Run Blvd for $165,000. Otherwise the sales were somewhat evenly distributed from the lowest priced sale to the highest. The top three sales were on Lindenwood Dr for $628,500, Garmish Ct for $750,000 and Venice Dr for $925,000. This had increased the 6 month average sales price by 1.6% to $443,827. The average days on market are 122 days. For more information, contact your local South Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

Listings per Status

Area Market Survey
Summary

Listings as of 05/29/15 at 7:59pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 191
$100,000 thru $119,999 1 202
$120,000 thru $139,999 1 22
$140,000 thru $159,999 4 49
$160,000 thru $179,999 7 71
$180,000 thru $199,999 11 161
$200,000 thru $249,999 14 124
$250,000 thru $299,999 34 62
$300,000 thru $349,999 40 89
$350,000 thru $399,999 31 117
$400,000 thru $449,999 17 80
$450,000 thru $499,999 24 122
$500,000 thru $549,999 18 69
$550,000 thru $599,999 22 78
$600,000 thru $649,999 9 48
$650,000 thru $699,999 21 105
$700,000 thru $749,999 2 45
$750,000 thru $799,999 4 276
$800,000 thru $849,999 8 63
$850,000 thru $899,999 6 135
$900,000 thru $949,999 2 60
$950,000 thru $999,999 11 95
$1,000,000 thru $1,249,999 12 68
$1,250,000 thru $1,499,999 13 130
$1,500,000 thru $1,749,999 3 52
$1,750,000 thru $1,999,999 3 249
$2,750,000 thru $2,999,999 1 336
$8,000,000 thru $8,999,999 1 265
321 98
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $581,466 Median $449,000
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 51
$140,000 thru $159,999 1 35
$160,000 thru $179,999 1 32
$180,000 thru $199,999 6 170
$200,000 thru $249,999 6 166
$250,000 thru $299,999 17 126
$300,000 thru $349,999 18 93
$350,000 thru $399,999 10 35
$400,000 thru $449,999 10 65
$450,000 thru $499,999 5 134
$500,000 thru $549,999 5 126
$550,000 thru $599,999 10 53
$600,000 thru $649,999 1 28
$650,000 thru $699,999 3 128
$700,000 thru $749,999 1 457
$750,000 thru $799,999 1 39
$850,000 thru $899,999 1 163
$1,000,000 thru $1,249,999 1 65
$2,000,000 thru $2,249,999 2 40
$2,250,000 thru $2,499,999 1 59
$3,500,000 thru $3,749,999 1 258
102 101
Summary Price Information
Minimum $130,000 Maximum $3,500,000
Average $479,693 Median $354,500
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

Area Market Survey
Summary

Listings as of 05/29/15 at 7:59pm
Sold
Selling Price Range Quantity Average DOM
$140,000 thru $159,999 5 159
$160,000 thru $179,999 9 113
$180,000 thru $199,999 5 113
$200,000 thru $249,999 12 176
$250,000 thru $299,999 54 127
$300,000 thru $349,999 38 103
$350,000 thru $399,999 29 107
$400,000 thru $449,999 27 126
$450,000 thru $499,999 17 119
$500,000 thru $549,999 8 171
$550,000 thru $599,999 15 105
$600,000 thru $649,999 8 121
$650,000 thru $699,999 12 63
$700,000 thru $749,999 6 124
$750,000 thru $799,999 9 143
$850,000 thru $899,999 2 137
$900,000 thru $949,999 3 113
$1,000,000 thru $1,249,999 4 211
$1,250,000 thru $1,499,999 2 63
$1,500,000 thru $1,749,999 3 166
$2,500,000 thru $2,749,999 1 173
269 122
Summary Price Information
Minimum $146,000 Maximum $2,557,000
Average $443,827 Median $365,000
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 5/22/15Tr

May 22, 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.

There is a slow rise in the number of homes for sale in Lake Tahoe on the Nevada east shore! 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 1.3% to show that 15.2% of the available homes for sale are now pending sales in escrow. This is due to the number of homes for sale increasing by 4 as the pending sales decreased by 2. There is now 1 bank owned foreclosure and 2 short sales currently on the market. The distress sales now represent 2% of the available inventory and 25.9% of the pending sales.

There were 5 completed sales this past week for a Year-To-Date total of 52 sales. The lowest sale was a townhome on Tramway for $175,000. the top three sales were on a couple of townhomes on Gold Hill for $255,000, Lake Village Dr for $435,000 and a single family home on Ute Way for $884,000. This had decreased the 6 month average sales price by 1.9% to $1,126,462. The average days on market are 198 days. For more information regarding the local market, contact your local Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report for 5/22/15

May 22, 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.

Home sales in the South Lake Tahoe area has caught up to the rising inventory this past week. 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 1.6% to show that 22.9% of the available sales are now pending sales in escrow. This is due to the number of homes for sale in South Lake Tahoe increasing by 10 as the pending sales increased by 11. There are now 2 bank owned foreclosures and 6 short sales available on the market. The distress sales now represent 2.5% of the inventory and 12.8% of the pending sales.

There were 5 completed sales this past week for a Year-To-Date total of 203 sales. There was only one sale below $500,000 which was on Pinter Ave for $265,000. The top three sales were on Pine Hill Rd for $592,000, Chiapa Dr for $755,000 and Hobart Rd for $789,500. This had increased the 6 month average sales price by .3% to $438,766. The average days on market are 124 days. For more information, contact your local South Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

Listings per Status

Area Market Survey
Summary

Listings as of 05/22/15 at 8:17am
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 184
$100,000 thru $119,999 1 195
$120,000 thru $139,999 1 15
$140,000 thru $159,999 3 56
$160,000 thru $179,999 7 64
$180,000 thru $199,999 13 174
$200,000 thru $249,999 13 166
$250,000 thru $299,999 36 56
$300,000 thru $349,999 39 94
$350,000 thru $399,999 31 108
$400,000 thru $449,999 19 72
$450,000 thru $499,999 24 116
$500,000 thru $549,999 16 75
$550,000 thru $599,999 20 78
$600,000 thru $649,999 7 53
$650,000 thru $699,999 21 99
$700,000 thru $749,999 2 12
$750,000 thru $799,999 5 229
$800,000 thru $849,999 7 61
$850,000 thru $899,999 7 134
$900,000 thru $949,999 2 53
$950,000 thru $999,999 10 96
$1,000,000 thru $1,249,999 10 73
$1,250,000 thru $1,499,999 13 123
$1,500,000 thru $1,749,999 2 68
$1,750,000 thru $1,999,999 3 242
$2,000,000 thru $2,249,999 1 364
$2,750,000 thru $2,999,999 1 329
$8,000,000 thru $8,999,999 1 258
316 100
Summary Price Information
Minimum $47,000 Maximum $8,995,000
Average $577,429 Median $439,000
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 2 80
$140,000 thru $159,999 1 28
$160,000 thru $179,999 2 45
$180,000 thru $199,999 4 103
$200,000 thru $249,999 6 72
$250,000 thru $299,999 15 147
$300,000 thru $349,999 16 81
$350,000 thru $399,999 8 39
$400,000 thru $449,999 8 61
$450,000 thru $499,999 5 206
$500,000 thru $549,999 4 132
$550,000 thru $599,999 10 59
$600,000 thru $649,999 2 47
$650,000 thru $699,999 2 182
$700,000 thru $749,999 1 450
$750,000 thru $799,999 2 80
$900,000 thru $949,999 1 66
$1,000,000 thru $1,249,999 1 58
$2,000,000 thru $2,249,999 2 33
$2,250,000 thru $2,499,999 1 52
$3,500,000 thru $3,749,999 1 251
94 97
Summary Price Information
Minimum $130,000 Maximum $3,500,000
Average $492,388 Median $354,500
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

Area Market Survey
Summary

Listings as of 05/22/15 at 8:17am
Sold
Selling Price Range Quantity Average DOM
$120,000 thru $139,999 1 213
$140,000 thru $159,999 5 159
$160,000 thru $179,999 8 118
$180,000 thru $199,999 5 113
$200,000 thru $249,999 14 171
$250,000 thru $299,999 55 132
$300,000 thru $349,999 39 102
$350,000 thru $399,999 28 110
$400,000 thru $449,999 25 129
$450,000 thru $499,999 16 101
$500,000 thru $549,999 8 171
$550,000 thru $599,999 14 103
$600,000 thru $649,999 7 127
$650,000 thru $699,999 13 79
$700,000 thru $749,999 7 146
$750,000 thru $799,999 8 144
$850,000 thru $899,999 2 137
$900,000 thru $949,999 2 134
$1,000,000 thru $1,249,999 4 211
$1,250,000 thru $1,499,999 2 63
$1,500,000 thru $1,749,999 3 166
$2,500,000 thru $2,749,999 1 173
267 124
Summary Price Information
Minimum $139,000 Maximum $2,557,000
Average $438,766 Median $359,000
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 Nevada East Shore 5/14/15

May 14, 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.

Home sales have been increasing on the Nevada east shore of Lake Tahoe but the inventory continues to remain 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 1.5% to show that 16.5% of the available homes for sale are now pending sales in escrow. This is due to the number of Lake Tahoe homes for sale remaining the same as the pending sales increased by 3. There is 1 bank owned foreclosure and 2 short sales currently on the market. The distress sales now represent 2% of the available homes for sale and 24.1% of the pending sales.

This past week there were 2 completed sales for a Year-To-Date total of 47 sales. The sales were a couple of townhomes. One was on Tramway for $219,000 and the other was in Pinewild on the lake for $1,404,000. This had increased the 6 month sales price by 2.2% to $1,147,974. The average days on market are 200 days. For more information, contact your local Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

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