Lake Tahoe Home Sale Weekly Report for the Nevada East Shore 12/18/14

December 18, 2014

What you are looking at beloware 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.

With the holidays coming up, the Buyers are busy with shopping but not for homes!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of Lake Tahoe homes for sale and the pending sales.  This past week the Market Activity Ratio had decreased by 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 Lake Tahoe homes for sale increasing by 4 as the pending sales decreased by 5.  There are no bank owned foreclosures but there are 5 short sales currently available on the market.  The distress sales now represent 3.6% of the available inventory and 16% of the pending sales.

There were 5 completed sales this past week for a YTD total of 199 sales.  The lowest sale was a townhome on Tramway for $138,500.  The top three sales were on Barton Dr for $455,012, Chimney Rock Rd for $814,500 and Willow Dr for $1,575,000.  With the lack of the high end sales, the 6 month average sales price had decreased by 5.1% to $803,213.  The average days on market are 157 days.  For more information, contact your local Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report 12/18/14

December 18, 2014

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 has not discouraged the buyers!  A little surge in home sales will certainly ensure a strong first quarter for 2015.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of South Lake Tahoe homes for sale and the pending sales.  This past week the Market Activity Ratio had increased by .7% to show that 25.3% of the available homes for sale are now pending sales in escrow.  There are 2 bank owned foreclosures and 3 short sales currently on the market.  The distress sales now only represent 2.3% of the available inventory and 12.5% of the pending sales.

There were 9 completed sales this past week for a YTD total of 636 sales.  The lowest sale was on West Way for $279,400.  The top three sales were on Brule St for $331,000, Echo View Dr for $409,000 and Ormsby Dr for $450,000.  With the absence of any high end sales, the 6 month average sales price did decrease by .3% to $431,848.  The average days on market are 114 days.  For more information, contact your local South Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email jim@hotwiretotahoe.com.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 12/18/14 at 8:19pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 127
$100,000 thru $119,999 1 41
$140,000 thru $159,999 1 145
$160,000 thru $179,999 4 179
$180,000 thru $199,999 7 134
$200,000 thru $249,999 13 112
$250,000 thru $299,999 24 82
$300,000 thru $349,999 27 119
$350,000 thru $399,999 25 123
$400,000 thru $449,999 15 115
$450,000 thru $499,999 13 170
$500,000 thru $549,999 9 142
$550,000 thru $599,999 8 174
$600,000 thru $649,999 6 137
$650,000 thru $699,999 10 152
$700,000 thru $749,999 3 58
$750,000 thru $799,999 9 262
$800,000 thru $849,999 2 141
$850,000 thru $899,999 4 91
$900,000 thru $949,999 2 132
$950,000 thru $999,999 3 117
$1,000,000 thru $1,249,999 3 223
$1,250,000 thru $1,499,999 11 194
$1,500,000 thru $1,749,999 2 406
$1,750,000 thru $1,999,999 3 425
$2,000,000 thru $2,249,999 1 209
$2,250,000 thru $2,499,999 1 170
$2,500,000 thru $2,749,999 1 330
$2,750,000 thru $2,999,999 1 174
$3,250,000 thru $3,499,999 1 146
$3,500,000 thru $3,749,999 1 96
$10,000,000 or More 1 103
213 143
Summary Price Information
Minimum $47,000 Maximum $11,500,000
Average $648,891 Median $415,000
Pending
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 89
$160,000 thru $179,999 4 144
$180,000 thru $199,999 1 115
$200,000 thru $249,999 5 199
$250,000 thru $299,999 19 106
$300,000 thru $349,999 6 122
$350,000 thru $399,999 11 96
$400,000 thru $449,999 5 117
$450,000 thru $499,999 5 73
$550,000 thru $599,999 4 135
$600,000 thru $649,999 2 71
$650,000 thru $699,999 2 192
$700,000 thru $749,999 2 153
$950,000 thru $999,999 1 208
$1,000,000 thru $1,249,999 2 165
$1,500,000 thru $1,749,999 1 30
$2,500,000 thru $2,749,999 1 144
72 120
Summary Price Information
Minimum $117,700 Maximum $2,660,000
Average $447,815 Median $348,450
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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 12/18/14 at 8:19pm
Sold
Selling Price Range Quantity Average DOM
$80,000 thru $89,999 1 62
$100,000 thru $119,999 3 65
$120,000 thru $139,999 4 163
$140,000 thru $159,999 5 142
$160,000 thru $179,999 7 120
$180,000 thru $199,999 9 108
$200,000 thru $249,999 35 95
$250,000 thru $299,999 65 100
$300,000 thru $349,999 59 95
$350,000 thru $399,999 41 97
$400,000 thru $449,999 24 113
$450,000 thru $499,999 28 109
$500,000 thru $549,999 21 133
$550,000 thru $599,999 19 122
$600,000 thru $649,999 9 210
$650,000 thru $699,999 12 136
$700,000 thru $749,999 4 210
$750,000 thru $799,999 6 84
$800,000 thru $849,999 2 203
$850,000 thru $899,999 4 129
$900,000 thru $949,999 1 98
$1,000,000 thru $1,249,999 5 271
$1,750,000 thru $1,999,999 1 456
$2,000,000 thru $2,249,999 1 0
$2,750,000 thru $2,999,999 1 118
$3,500,000 thru $3,749,999 1 500
$5,000,000 thru $5,999,999 1 49
369 114
Summary Price Information
Minimum $87,500 Maximum $5,750,000
Average $431,848 Median $347,000
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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Home Sale Weekly Report for Nevada East Shore

December 11, 2014

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 Lake Tahoe Nevada east shore homes sales have experienced the seasonal slow down and the inventory is plentiful!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of Lake Tahoe homes for sale and the pending sales.  This past week the Market Activity Ratio had decreased by .1% to show that 18.7% of the available homes on the market are pending sales in escrow.  This is due to the number of available homes for sale increasing by 1 as the pending sales remained the same.  There are no bank owned foreclosures and 5 short sales currently on the market.  The distress sales now represent 3.7% of the available inventory and 16.7% of the pending sales.

There were 2 completed sales this past week for a YTD total of 194 sales.  The sales were on Barrett Dr for $375,000 and Andria Dr for $590,000.  This had decreased the 6 month average sales price by 1.1% to $846,127.  The average days on market are 160 days.  For more information, contact your Lake Tahoe real estate agent, Jim Wire, 530-543-8101 or email jim@hotwiretotahoe.com.

South Lake Tahoe Home Sale Weekly Report 12/11/14

December 11, 2014

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.

As the South Lake Tahoe Home Sale market remains robust for this time of year the inventory dwindles.  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 24.6% of the available South Lake Tahoe homes for sale are pending sales in escrow.  This is due to the number of homes decreasing by 5 as the pending sales decreased by 7.  There are 3 bank owned foreclosures and 3 short sales are available on the market.  The distress sales now represent 2.8% of the available inventory and 11.4% of the pending sales.

There were 15 completed sales this past week for a YTD total of 627 sales.  The lowest sale was on Brockway Ave for $160,000.  Half of the sales were below $408,000.  The top three highest prices were sold on Glen Eagles Rd for $570,000, San Diego St for $634,000 and Zapotec Dr for $670,000.  This had increased the 6 month average sales price by .3% to $433,207.  The average days on market are 119 days.  For more information, contact your local South Lake Tahoe real estate agent, Jim Wire at 530-543-8101 or email jim@hotwiretotahoe.com.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 12/11/14 at 6:39pm
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 120
$100,000 thru $119,999 1 34
$140,000 thru $159,999 1 138
$160,000 thru $179,999 4 172
$180,000 thru $199,999 7 127
$200,000 thru $249,999 14 117
$250,000 thru $299,999 24 79
$300,000 thru $349,999 30 119
$350,000 thru $399,999 25 116
$400,000 thru $449,999 15 120
$450,000 thru $499,999 15 147
$500,000 thru $549,999 9 135
$550,000 thru $599,999 8 167
$600,000 thru $649,999 6 130
$650,000 thru $699,999 10 145
$700,000 thru $749,999 2 74
$750,000 thru $799,999 8 268
$800,000 thru $849,999 2 213
$850,000 thru $899,999 4 84
$900,000 thru $949,999 2 125
$950,000 thru $999,999 3 179
$1,000,000 thru $1,249,999 3 216
$1,250,000 thru $1,499,999 9 228
$1,500,000 thru $1,749,999 2 399
$1,750,000 thru $1,999,999 3 418
$2,000,000 thru $2,249,999 1 202
$2,250,000 thru $2,499,999 1 163
$2,500,000 thru $2,749,999 1 323
$2,750,000 thru $2,999,999 1 167
$3,250,000 thru $3,499,999 1 139
$3,500,000 thru $3,749,999 1 89
$10,000,000 or More 1 96
215 141
Summary Price Information
Minimum $47,000 Maximum $11,500,000
Average $633,018 Median $407,988
Pending
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 82
$160,000 thru $179,999 4 137
$180,000 thru $199,999 1 108
$200,000 thru $249,999 4 221
$250,000 thru $299,999 17 115
$300,000 thru $349,999 7 94
$350,000 thru $399,999 12 86
$400,000 thru $449,999 4 118
$450,000 thru $499,999 6 121
$550,000 thru $599,999 4 128
$600,000 thru $649,999 2 64
$650,000 thru $699,999 2 185
$700,000 thru $749,999 2 147
$1,000,000 thru $1,249,999 2 158
$1,500,000 thru $1,749,999 1 23
$2,500,000 thru $2,749,999 1 137
70 118
Summary Price Information
Minimum $117,700 Maximum $2,660,000
Average $446,661 Median $356,450
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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 12/11/14 at 6:39pm
Sold
Selling Price Range Quantity Average DOM
$80,000 thru $89,999 1 62
$100,000 thru $119,999 6 197
$120,000 thru $139,999 6 138
$140,000 thru $159,999 7 161
$160,000 thru $179,999 20 120
$180,000 thru $199,999 19 143
$200,000 thru $249,999 78 109
$250,000 thru $299,999 98 99
$300,000 thru $349,999 91 97
$350,000 thru $399,999 71 103
$400,000 thru $449,999 41 146
$450,000 thru $499,999 47 114
$500,000 thru $549,999 33 148
$550,000 thru $599,999 33 130
$600,000 thru $649,999 18 162
$650,000 thru $699,999 17 134
$700,000 thru $749,999 9 132
$750,000 thru $799,999 7 77
$800,000 thru $849,999 2 203
$850,000 thru $899,999 4 129
$900,000 thru $949,999 1 98
$1,000,000 thru $1,249,999 8 215
$1,250,000 thru $1,499,999 4 147
$1,750,000 thru $1,999,999 1 456
$2,000,000 thru $2,249,999 1 0
$2,750,000 thru $2,999,999 1 118
$3,500,000 thru $3,749,999 1 500
$4,000,000 thru $4,249,999 1 45
$5,000,000 thru $5,999,999 1 49
627 119
Summary Price Information
Minimum $87,500 Maximum $5,750,000
Average $416,449 Median $340,000
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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

South Lake Tahoe Weekly Home Sale Report 12/5/14

December 5, 2014

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 South Lake Tahoe home sales have been robust for this time of year!  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 1.4% to show that 25.9% of the available South Lake Tahoe homes for sale are now pending sales in escrow.  This is due to the number of homes for sale decreasing by 14 as the pending sales decreased by 11.  There are 3 bank owned foreclosure and 1 short sale available on the market.  The distress sales now represent 1.8% of the inventory and 14.3% of the pending sales.

There were 5 completed sales this past week for a YTD total of 612 sales.  The lowest sale was on Bill Ave for $275,000.  The top 3 sales were on Timber Lane for $360,000, Zuni St for $410,000 and Venice Dr for $565,000.  This increased the 6 month average sales price by .8% to $432,086.  The average days on market are 111 days.  For more information, call your local South Lake Tahoe Real Estate agent, Jim Wire, 530-314-9008.

 

Area Market Survey
Summary

Listings as of 12/05/14 at 11:22am
Active
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 114
$100,000 thru $119,999 1 28
$140,000 thru $159,999 1 132
$160,000 thru $179,999 5 163
$180,000 thru $199,999 7 121
$200,000 thru $249,999 15 106
$250,000 thru $299,999 20 62
$300,000 thru $349,999 32 118
$350,000 thru $399,999 27 111
$400,000 thru $449,999 15 119
$450,000 thru $499,999 15 141
$500,000 thru $549,999 11 139
$550,000 thru $599,999 8 161
$600,000 thru $649,999 6 124
$650,000 thru $699,999 10 139
$700,000 thru $749,999 2 68
$750,000 thru $799,999 8 262
$800,000 thru $849,999 2 207
$850,000 thru $899,999 4 78
$900,000 thru $949,999 2 119
$950,000 thru $999,999 3 173
$1,000,000 thru $1,249,999 3 210
$1,250,000 thru $1,499,999 9 222
$1,500,000 thru $1,749,999 3 267
$1,750,000 thru $1,999,999 3 412
$2,000,000 thru $2,249,999 1 196
$2,250,000 thru $2,499,999 1 157
$2,500,000 thru $2,749,999 1 317
$2,750,000 thru $2,999,999 1 161
$3,250,000 thru $3,499,999 1 133
$3,500,000 thru $3,749,999 1 83
$10,000,000 or More 1 90
220 136
Summary Price Information
Minimum $47,000 Maximum $11,500,000
Average $634,512 Median $410,444
Pending
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 76
$160,000 thru $179,999 5 112
$180,000 thru $199,999 1 102
$200,000 thru $249,999 6 233
$250,000 thru $299,999 18 116
$300,000 thru $349,999 9 98
$350,000 thru $399,999 9 86
$400,000 thru $449,999 5 134
$450,000 thru $499,999 6 85
$500,000 thru $549,999 1 40
$550,000 thru $599,999 7 123
$600,000 thru $649,999 2 58
$650,000 thru $699,999 3 148
$700,000 thru $749,999 1 282
$1,000,000 thru $1,249,999 2 152
$2,500,000 thru $2,749,999 1 131
77 120
Summary Price Information
Minimum $117,700 Maximum $2,660,000
Average $426,551 Median $337,500
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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 12/05/14 at 11:22am
Sold
Selling Price Range Quantity Average DOM
$80,000 thru $89,999 1 62
$100,000 thru $119,999 3 65
$120,000 thru $139,999 4 163
$140,000 thru $159,999 5 142
$160,000 thru $179,999 6 134
$180,000 thru $199,999 9 108
$200,000 thru $249,999 34 84
$250,000 thru $299,999 65 95
$300,000 thru $349,999 59 93
$350,000 thru $399,999 44 94
$400,000 thru $449,999 24 107
$450,000 thru $499,999 30 108
$500,000 thru $549,999 22 131
$550,000 thru $599,999 17 120
$600,000 thru $649,999 9 208
$650,000 thru $699,999 11 140
$700,000 thru $749,999 4 210
$750,000 thru $799,999 6 84
$800,000 thru $849,999 2 203
$850,000 thru $899,999 4 129
$900,000 thru $949,999 1 98
$1,000,000 thru $1,249,999 5 271
$1,750,000 thru $1,999,999 1 456
$2,000,000 thru $2,249,999 1 0
$2,750,000 thru $2,999,999 1 118
$3,500,000 thru $3,749,999 1 500
$5,000,000 thru $5,999,999 1 49
370 111
Summary Price Information
Minimum $87,500 Maximum $5,750,000
Average $432,086 Median $349,450
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 ©2014 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

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