Lake Tahoe Weekly Real Estate Market Update for East Shore Nevada 5/22/13

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.

Homes sales on the east shore of Lake Tahoe in Nevada have been somewhat steady!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the pending sales.  This past week the Market Activity Ratio had decreased by 1.2% and it now shows us that 27.6% of the available homes for sale are now pending sales in escrow.  This is the result of the homes available for sale increasing by 5 as the pending sales decreased by 1.  The distress sales (Short Sales and Bank Owned Foreclosures) are having very little impact as it now only represents .8% of the available homes for sale and 27.1% of the pending sales. 

This past week there were 4 completed sales transactions for a YTD total of 84 sales.  The sales were a townhome on Tramway for $147,000 and three homes on Andria Dr for $385,000, Elks Point Ct for $492,500 and Highway 50 for $675,000.  This was enough to decrease the 6 month average sales price by 1.1% to $1,176,837.  The average days on market are 188 days.

South Lake Tahoe Weekly Real Estate Market Update for 5/22/13

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.

Inventory is beginning to see a rise as the home sales drop in South Lake Tahoe!  As a real estate agent I’ve noticed that the market has been slowly getting quiet and the numbers are now showing that it has.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the Pending sales.  This past week the Market Activity Ratio had significantly dropped by 5.1% and it now shows that 35.8% of the available homes are pending sales in escrow.  This is the result of the available homes for sale increasing by 20 as the pending sales decreased by 11.  The distress sales (Short Sales and Bank Owned Foreclosures) are having very little impact on the market as it now only represents 3.2% of the available homes for sale and 28.2% of the pending sales. 

This past week there were 14 completed sales transactions for a YTD total of 242 homes sales.  The sales ranged from a low of $145,000 to a high of $565,000.  Most of the sales were under $315,000.  The top three sales were on Thunderbird for $385,000, Pinter Ave for $457,500 and Bonanza Tr for $565,000.  Despite the lower sales the 6 month average sales price did manage to increase by .8% to $365,112.  The average days on market are 141 days.

Listings per Status

Area Market Survey Summary Listings as of 05/22/13 at 8:47am Active Listing Price Range Quantity Average DOM $70,000 thru $79,999 1 26 $140,000 thru $159,999 4 204 $160,000 thru $179,999 7 92 $180,000 thru $199,999 5 84 $200,000 thru $249,999 16 136 $250,000 thru $299,999 21 111 $300,000 thru $349,999 12 60 $350,000 thru $399,999 19 79 $400,000 thru $449,999 16 86 $450,000 thru $499,999 10 215 $500,000 thru $549,999 10 89 $550,000 thru $599,999 8 73 $600,000 thru $649,999 7 73 $650,000 thru $699,999 4 140 $700,000 thru $749,999 1 97 $750,000 thru $799,999 4 28 $800,000 thru $849,999 3 82 $850,000 thru $899,999 6 205 $900,000 thru $949,999 4 78 $950,000 thru $999,999 5 565 $1,000,000 thru $1,249,999 5 61 $1,250,000 thru $1,499,999 7 290 $1,500,000 thru $1,749,999 3 37 $1,750,000 thru $1,999,999 2 161 $2,000,000 thru $2,249,999 1 47 $2,250,000 thru $2,499,999 1 50 $2,750,000 thru $2,999,999 1 425 $4,500,000 thru $4,749,999 2 158   185 125   Summary Price Information Minimum $79,900 Maximum $4,700,000 Average $610,473 Median $435,000 Pending Listing Price Range Quantity Average DOM $60,000 thru $69,999 1 145 $80,000 thru $89,999 1 371 $120,000 thru $139,999 1 1652 $140,000 thru $159,999 6 56 $160,000 thru $179,999 5 107 $180,000 thru $199,999 6 41 $200,000 thru $249,999 19 61 $250,000 thru $299,999 12 70 $300,000 thru $349,999 12 78 $350,000 thru $399,999 11 76 $400,000 thru $449,999 9 180 $450,000 thru $499,999 3 17 $500,000 thru $549,999 5 93 $550,000 thru $599,999 3 237 $600,000 thru $649,999 2 62 $650,000 thru $699,999 1 801 $700,000 thru $749,999 1 65 $800,000 thru $849,999 2 213 $850,000 thru $899,999 1 103 $1,000,000 thru $1,249,999 1 62 $4,750,000 thru $4,999,999 1 362   103 115   Summary Price Information Minimum $69,000 Maximum $4,950,000 Average $390,565 Median $310,000 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 05/22/13 at 8:47am Sold Selling Price Range Quantity Average DOM $50,000 thru $59,999 1 646 $70,000 thru $79,999 2 48 $80,000 thru $89,999 1 38 $100,000 thru $119,999 5 122 $120,000 thru $139,999 8 236 $140,000 thru $159,999 14 184 $160,000 thru $179,999 13 91 $180,000 thru $199,999 19 82 $200,000 thru $249,999 41 115 $250,000 thru $299,999 42 95 $300,000 thru $349,999 38 154 $350,000 thru $399,999 22 238 $400,000 thru $449,999 28 172 $450,000 thru $499,999 15 113 $500,000 thru $549,999 14 173 $550,000 thru $599,999 11 131 $600,000 thru $649,999 6 123 $650,000 thru $699,999 6 84 $700,000 thru $749,999 4 56 $750,000 thru $799,999 4 113 $800,000 thru $849,999 3 208 $850,000 thru $899,999 2 112 $900,000 thru $949,999 1 170 $1,000,000 thru $1,249,999 5 256 $1,250,000 thru $1,499,999 1 137 $1,500,000 thru $1,749,999 1 249 $1,750,000 thru $1,999,999 1 30   308 141   Summary Price Information Minimum $52,000 Maximum $1,760,000 Average $365,112 Median $313,500 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore 5/17/13

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.

Higher interest rates and low inventory is not affecting the homes sales on the Nevada East Shore of Lake Tahoe!  To measure the most current buyer activity, I use the Market Activity Ratio, which is the relationship between the number of available homes on the market and the pending sales.  This past week the Market Activity Ratio showed that 28.8% of the available homes sales are now pending sales in escrow which is 1.1% higher than the previous week.  This is the result of the number of available homes for sale increasing by 1 as the number of pending sales increased by 3.  The distress sales (foreclosures and short sales) are no longer available for sale but it still represents 34.7% of the pending sales that have not yet closed.

There were 4 new sales completed this past week for a YTD total of 80 sales.  One sale was a townhome on Quacking Aspen for $245,000 and the other three sales were homes on Cottonwood Dr for $299,000, The Back Rd for $2,800,000 and Glenbrook Inn for $3,100,000.  The high end sales had sharply increased the 6 month average sales price by 10.5% to $1,189,458.  The average days on market are 191 days.

South Lake Tahoe Weekly Real Estate Market Update for 5/17/13

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 seem to have fallen off a little which could be more of a reflection on the lack of inventory.  Interest rates are on the rise which could impact buyer decisions as well.  To measure the most current buyer activity, I use the Market Activity Ratio, which is the relationship between the number of homes available on the market and the pending sales.  This past week the Market Activity Ratio showed that 40.9% of the available homes for sale are now pending sales in escrow  which is 1.8% lower than the previous week.  This is the result of the available homes on the market increasing by 4 as the pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) are impacting the market far less than the previous year as it now only represents 4.2% of the available homes on the market and 24.6% of the pending sale.

This past week there were 19 completed sales transactions for a YTD total of 228 sales.  The sales ranged from a low of $140,000 to a high of $1,700,000.  The majority of the sales were under $375,000.  The top three sales were on Kokanee Way for $772,500, Lucerne Way  for $775,000 and White Sands Dr for $1,700,000.  Despite the high end sales the 6 month average sales price did drop by 3.6% to $362,073.  The average days on market are 140 days.

Listings per Status

Area Market Survey Summary Listings as of 05/17/13 at 10:13am Active Listing Price Range Quantity Average DOM $70,000 thru $79,999 1 21 $140,000 thru $159,999 3 160 $160,000 thru $179,999 7 98 $180,000 thru $199,999 6 66 $200,000 thru $249,999 12 161 $250,000 thru $299,999 16 128 $300,000 thru $349,999 13 51 $350,000 thru $399,999 18 89 $400,000 thru $449,999 13 97 $450,000 thru $499,999 9 233 $500,000 thru $549,999 9 93 $550,000 thru $599,999 8 73 $600,000 thru $649,999 7 68 $650,000 thru $699,999 3 180 $700,000 thru $749,999 1 92 $750,000 thru $799,999 3 31 $800,000 thru $849,999 2 108 $850,000 thru $899,999 6 200 $900,000 thru $949,999 4 73 $950,000 thru $999,999 4 657 $1,000,000 thru $1,249,999 5 56 $1,250,000 thru $1,499,999 6 332 $1,500,000 thru $1,749,999 3 32 $1,750,000 thru $1,999,999 1 314 $2,000,000 thru $2,249,999 1 42 $2,250,000 thru $2,499,999 1 45 $2,750,000 thru $2,999,999 1 420 $4,500,000 thru $4,749,999 2 153   165 131   Summary Price Information Minimum $79,900 Maximum $4,700,000 Average $618,220 Median $425,000 Pending Listing Price Range Quantity Average DOM $60,000 thru $69,999 1 140 $80,000 thru $89,999 1 366 $120,000 thru $139,999 1 1647 $140,000 thru $159,999 6 59 $160,000 thru $179,999 5 87 $180,000 thru $199,999 7 40 $200,000 thru $249,999 23 78 $250,000 thru $299,999 16 87 $300,000 thru $349,999 13 87 $350,000 thru $399,999 12 161 $400,000 thru $449,999 10 165 $450,000 thru $499,999 2 20 $500,000 thru $549,999 5 88 $550,000 thru $599,999 2 331 $600,000 thru $649,999 2 57 $650,000 thru $699,999 1 796 $700,000 thru $749,999 1 60 $800,000 thru $849,999 3 143 $850,000 thru $899,999 1 98 $1,000,000 thru $1,249,999 1 57 $4,750,000 thru $4,999,999 1 357   114 124   Summary Price Information Minimum $69,000 Maximum $4,950,000 Average $380,365 Median $296,500 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 05/17/13 at 10:13am Sold Selling Price Range Quantity Average DOM $50,000 thru $59,999 2 356 $70,000 thru $79,999 2 48 $80,000 thru $89,999 1 38 $90,000 thru $99,999 1 699 $100,000 thru $119,999 5 122 $120,000 thru $139,999 8 236 $140,000 thru $159,999 13 195 $160,000 thru $179,999 17 90 $180,000 thru $199,999 18 85 $200,000 thru $249,999 43 110 $250,000 thru $299,999 40 98 $300,000 thru $349,999 38 159 $350,000 thru $399,999 20 194 $400,000 thru $449,999 29 168 $450,000 thru $499,999 16 118 $500,000 thru $549,999 15 173 $550,000 thru $599,999 10 135 $600,000 thru $649,999 6 123 $650,000 thru $699,999 6 84 $700,000 thru $749,999 4 56 $750,000 thru $799,999 4 113 $800,000 thru $849,999 3 208 $850,000 thru $899,999 2 112 $900,000 thru $949,999 1 170 $1,000,000 thru $1,249,999 5 256 $1,250,000 thru $1,499,999 1 137 $1,500,000 thru $1,749,999 1 249 $1,750,000 thru $1,999,999 1 30   312 140   Summary Price Information Minimum $52,000 Maximum $1,760,000 Average $362,073 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 ©2013 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore 5/10/13

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 buyers are showing an unquenchable thirst for the high end homes on the Nevada east shore of Lake Tahoe.   To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the pending sales.  This past week the Market Activity Ratio is now showing that 27.7% of the available homes are now pending sales which is up by 1.2%.  This is the result of the number of homes available on the market increasing by 5 as the pending sales increased by 1.  The distress sales (short sales and bank owned foreclosures) are not impacting the market much as it now only represents 1.7% of the available inventory and 32.6% of the pending sales.

This past week there were 7 new sales for a YTD total of 76 sales.  The sales ranged from a low of $234,125 to a high of $4,150,000.  The top three sales were on Lincoln Hwy for $1,150,000, Hidden Woods for $2,750,000 and Yellow Jacket for $4,150,000.  This had increased the 6 month average sales price by 3.7% to $1,076,903.  The average days on market are 199 days.

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