South Lake Tahoe Home Values Rising!

May 22, 2016

In case that you haven’t noticed, the number of South Lake Tahoe homes for sale is 33% less than last year and the homes sales are up by 20%. This is pushing up the home values! This is beginning to look like a sellers’ market. Multiple offers are becoming more common. For more market information, contact your local South Lake Tahoe real estate agent, Jim Wire, at 530-314-9008 or email to Jim@HotWireToTahoe.com.

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Weekly South Lake Tahoe Home Sale Report for 5/19/16

May 21, 2016

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 market value trend.

The home sales in South Lake Tahoe continues its hot streak and it’s encourage more home owners to go to market! There were 16 competed sales this past week for a year-to-date total of 246 sales. It’s now outpacing last year by 21%. The lowest sale was a town home on Christmas Valley Rd for $240,000. There were sales almost evenly distributed in a wide range of price brackets. This is showing strength in the market for all homes. The top three sales were on Acoma Cr for $700,000, So Upper Truckee Rd for $910,000 and Kokanee Way for $1,230,000. This had pushed the average sales price by 1.3% to $481,169. The average days on market are 146 days.

The home owners are now coming on the market in hopes that a hot market will push up values! The number of South Lake Tahoe homes for sale had increased by 15 but it still falls short of the inventory level last year by 32%.  The pending sales also increased by 5 to outpace last year by 23%. This has the look of a sellers’ market! There is now 1 bank owned foreclosure and no short sales currently on the market.

To find a local South Lake Tahoe real estate agent, contact Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com. To find South Lake Tahoe homes for sale, go to HotWireToTahoe.com. I have over 14 years of experience and I’ve been a Lake Tahoe resident for over 32 years. As a top real estate agent and long time local, you will benefit from my knowledge and experience of the area. I’m licensed in both California and Nevada.

Listings per Status

Area Market Survey
Summary

Listings as of 05/19/16 at 9:29pm
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 2 286
$120,000 thru $139,999 4 71
$140,000 thru $159,999 2 324
$160,000 thru $179,999 5 232
$180,000 thru $199,999 2 105
$200,000 thru $249,999 4 79
$250,000 thru $299,999 10 72
$300,000 thru $349,999 20 87
$350,000 thru $399,999 24 83
$400,000 thru $449,999 14 67
$450,000 thru $499,999 19 68
$500,000 thru $549,999 14 23
$550,000 thru $599,999 14 58
$600,000 thru $649,999 3 66
$650,000 thru $699,999 7 102
$700,000 thru $749,999 7 82
$750,000 thru $799,999 14 105
$800,000 thru $849,999 2 37
$850,000 thru $899,999 8 145
$900,000 thru $949,999 2 4
$950,000 thru $999,999 4 350
$1,000,000 thru $1,249,999 13 211
$1,250,000 thru $1,499,999 7 187
$1,500,000 thru $1,749,999 5 234
$1,750,000 thru $1,999,999 3 97
$2,500,000 thru $2,749,999 1 325
$2,750,000 thru $2,999,999 3 255
$3,750,000 thru $3,999,999 1 62
214 109
Summary Price Information
Minimum $113,000 Maximum $3,850,000
Average $669,118 Median $509,000
Pending
Listing Price Range Quantity Average DOM
$90,000 thru $99,999 1 49
$120,000 thru $139,999 3 173
$140,000 thru $159,999 2 27
$180,000 thru $199,999 2 107
$200,000 thru $249,999 3 32
$250,000 thru $299,999 10 43
$300,000 thru $349,999 16 155
$350,000 thru $399,999 18 49
$400,000 thru $449,999 16 90
$450,000 thru $499,999 11 74
$500,000 thru $549,999 3 44
$550,000 thru $599,999 8 74
$600,000 thru $649,999 4 218
$650,000 thru $699,999 6 124
$700,000 thru $749,999 3 89
$750,000 thru $799,999 2 239
$800,000 thru $849,999 2 36
$850,000 thru $899,999 1 37
$950,000 thru $999,999 1 54
$1,000,000 thru $1,249,999 1 201
$1,250,000 thru $1,499,999 2 159
$1,750,000 thru $1,999,999 1 182
116 94
Summary Price Information
Minimum $99,900 Maximum $1,995,000
Average $473,675 Median $427,000
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 ©2016 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 05/19/16 at 9:29pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 2 110
$120,000 thru $139,999 3 170
$140,000 thru $159,999 3 118
$160,000 thru $179,999 5 153
$180,000 thru $199,999 5 188
$200,000 thru $249,999 22 160
$250,000 thru $299,999 31 110
$300,000 thru $349,999 50 136
$350,000 thru $399,999 42 110
$400,000 thru $449,999 32 143
$450,000 thru $499,999 13 188
$500,000 thru $549,999 28 151
$550,000 thru $599,999 16 139
$600,000 thru $649,999 14 115
$650,000 thru $699,999 16 145
$700,000 thru $749,999 6 272
$750,000 thru $799,999 6 142
$800,000 thru $849,999 6 181
$850,000 thru $899,999 3 81
$900,000 thru $949,999 3 241
$1,000,000 thru $1,249,999 6 269
$1,250,000 thru $1,499,999 1 57
$1,500,000 thru $1,749,999 3 276
$8,000,000 thru $8,999,999 1 591
317 146
Summary Price Information
Minimum $104,000 Maximum $8,500,000
Average $481,169 Median $395,000
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 ©2016 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Home Sale Weekly Report for the Nevada East Shore 5/13/16

May 18, 2016

The home sales for the Nevada east shore of Lake Tahoe is experiencing an uptick in sales! This past week there were 4 completed sales for a year-to-total of 59 sales. The sales are now 25% higher than last year. The sales were on Hall Ct for $351,644, a town home on Quaking Aspen for $325,000, a town home on Clubhouse Cr for $359,000 and a home on Bonnie Ct for $2,950,000. This had increased the 6 month average sales price by .2% to $626,299. The average days on market are 244 days.

The number of Lake Tahoe homes for sale on the east shore has increased by 2 for a total of 149 sales. The pending sales has increased by 1 for a total of 37 sales. The inventory is about the same as last year but the pending sales are up by 27%.

To find a local Lake Tahoe real estate agent, contact Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com. To find South Lake Tahoe homes for sale, go to HotWireToTahoe.com. I have over 14 years of experience and I’ve been a Lake Tahoe resident for over 32 years. As a top real estate agent and long time local, you will benefit from my knowledge and experience of the area. I’m licensed in both California and Nevada.

South Lake Tahoe Home Sale Weekly Report for 5/12/16

May 16, 2016

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 market value trend.

The South Lake Tahoe home sales have remained strong this past week as the Buyer demand is high! There were 15 completed sales this past week for a year-to-date total of 230 sales. This is outpacing last year by 32 sales. The lowest sale was a condo on Bonanza Ave for $110,000. The majority of sales were below $430,000. The top three sales were on Sterling Ct for $629,000, a townhome in Lakeland Village for $652,400 and Lucerne Way for $1,633,125. This had spiked the 6 month average sales price by $1.2% to $475,020. The average days on market are 148 days.

With the low inventory and high demand, home values are increasing and this past week the number of sellers coming to the market has surged! The number of South Lake Tahoe homes for sale did increase by 11 this past week but it still falls short of last year by 35%. There pending sales had increased by 2 this past week and it’s outpacing last year by 33%. Less selection and higher prices are not cooling the market at all! There is only 1 bank owned foreclosure on the market and no short sales.

To find a local South Lake Tahoe real estate agent, contact Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com. To find South Lake Tahoe homes for sale, go to HotWireToTahoe.com. I have over 14 years of experience and I’ve been a Lake Tahoe resident for over 32 years. As a top real estate agent and long time local, you will benefit from my knowledge and experience of the area. I’m licensed in both California and Nevada.

 

Listings per Status

Area Market Survey
Summary

Listings as of 05/12/16 at 3:39pm
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 2 279
$120,000 thru $139,999 4 64
$140,000 thru $159,999 3 212
$160,000 thru $179,999 4 231
$180,000 thru $199,999 1 84
$200,000 thru $249,999 4 75
$250,000 thru $299,999 9 71
$300,000 thru $349,999 23 109
$350,000 thru $399,999 21 89
$400,000 thru $449,999 14 62
$450,000 thru $499,999 16 70
$500,000 thru $549,999 12 28
$550,000 thru $599,999 13 61
$600,000 thru $649,999 3 180
$650,000 thru $699,999 5 134
$700,000 thru $749,999 6 88
$750,000 thru $799,999 14 98
$800,000 thru $849,999 2 30
$850,000 thru $899,999 8 154
$950,000 thru $999,999 3 459
$1,000,000 thru $1,249,999 12 221
$1,250,000 thru $1,499,999 7 180
$1,500,000 thru $1,749,999 5 227
$1,750,000 thru $1,999,999 3 90
$2,500,000 thru $2,749,999 1 318
$2,750,000 thru $2,999,999 3 248
$3,750,000 thru $3,999,999 1 55
199 116
Summary Price Information
Minimum $113,000 Maximum $3,850,000
Average $670,613 Median $499,000
Pending
Listing Price Range Quantity Average DOM
$90,000 thru $99,999 1 42
$120,000 thru $139,999 3 166
$140,000 thru $159,999 1 36
$160,000 thru $179,999 1 199
$180,000 thru $199,999 3 104
$200,000 thru $249,999 3 73
$250,000 thru $299,999 11 48
$300,000 thru $349,999 14 126
$350,000 thru $399,999 17 55
$400,000 thru $449,999 13 102
$450,000 thru $499,999 8 85
$500,000 thru $549,999 2 50
$550,000 thru $599,999 6 77
$600,000 thru $649,999 3 162
$650,000 thru $699,999 8 123
$700,000 thru $749,999 5 101
$750,000 thru $799,999 2 232
$800,000 thru $849,999 2 29
$850,000 thru $899,999 1 30
$900,000 thru $949,999 1 309
$950,000 thru $999,999 1 47
$1,000,000 thru $1,249,999 1 194
$1,250,000 thru $1,499,999 3 176
$1,750,000 thru $1,999,999 1 175
111 98
Summary Price Information
Minimum $99,900 Maximum $1,995,000
Average $490,471 Median $425,000
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 ©2016 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 05/12/16 at 3:39pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 2 110
$120,000 thru $139,999 3 170
$140,000 thru $159,999 4 94
$160,000 thru $179,999 5 153
$180,000 thru $199,999 5 188
$200,000 thru $249,999 22 160
$250,000 thru $299,999 31 129
$300,000 thru $349,999 50 137
$350,000 thru $399,999 41 115
$400,000 thru $449,999 32 144
$450,000 thru $499,999 13 188
$500,000 thru $549,999 29 155
$550,000 thru $599,999 16 139
$600,000 thru $649,999 14 115
$650,000 thru $699,999 14 151
$700,000 thru $749,999 5 285
$750,000 thru $799,999 6 142
$800,000 thru $849,999 6 181
$850,000 thru $899,999 3 81
$900,000 thru $949,999 2 207
$1,000,000 thru $1,249,999 5 277
$1,250,000 thru $1,499,999 1 57
$1,500,000 thru $1,749,999 3 276
$8,000,000 thru $8,999,999 1 591
313 148
Summary Price Information
Minimum $104,000 Maximum $8,500,000
Average $475,020 Median $390,000
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 ©2016 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Upcoming South Lake Tahoe Home for Sale!

May 8, 2016

108352

Coming on the market soon will be a newly remodeled 2006 construction home! It has 3 Bedrooms and 2.5 Baths with 2394 SF. It’s in “like new” condition! The backyard is large and fenced in. You’ll like the immense garage space for 3 cars. It’s located very close to Ski Run Blvd which is perfect for the person that wants an in town location. There are several destinations within 3 miles which includes Heavenly ski resort, the casinos, a lake marina, trails and shopping. The asking price will be $679,000.

Don’t miss this opportunity for a home in “like new” condition! Contact the listing agent, Jim Wire by cell 530-314-9008 or email to jim@hotwiretotahoe.com. Be the first one to view this home!

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