Lake Tahoe Home Sale Weekly Report for the Nevada East Shore 2/27/15

February 27, 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 home sales on the Nevada east shore of Lake Tahoe is seeing a little upswing!  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 Activty Ratio had increased by .4% to show that 11.9% of the available homes for sale are now pending sales in escrow.  This is due to the number of homes for sale increasing by 2 as the pending sales increased by 1.  There is one bank owned foreclosure and 3 short sales available on the market.  The distress sales represent 2.9% of the available inventory and 31.6% of the pending sales.

There was one completed sale this past week for a YTD total of 15 sales.  The sale was on Meadow Rd for $800,000. This was enough to increase the 6 month average sales price by 1.1% to $911,984.  The average days on market are 183 days.

South Lake Tahoe Home Sale Weekly Report for 2/26/15

February 26, 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 South Lake Tahoe home sales are beginning to pick up but still remain short from last 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 increased by .5% to show that 26.3% of the homes for sale are now pending sales in escrow.  This is the result of the number of South Lake Tahoe homes for sale increasing by 12 as the pending sales increased by 6.  There are now 5 bank owned foreclosures and 2 short sales currently on the market.  The distress sales now represent 3.6% of the available inventory and 10% of the pending sales.

There were 7 completed sales this past week for a YTD total of 70 sales.  The lowest sale was on Clement St for $279,000.  The top three sales were on High Meadows Tr for $505,000, Anita Dr for $650,000 and Normuk St for $770,000.  The average days on market are 128 days.  For more information, contact your local South Lake Tahoe real estate agent, Jim Wire, 530-543-8101 or email jim@hotwiretotahoe.com.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 02/26/15 at 8:21pm
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 111
$140,000 thru $159,999 1 4
$160,000 thru $179,999 4 121
$180,000 thru $199,999 7 153
$200,000 thru $249,999 13 145
$250,000 thru $299,999 26 80
$300,000 thru $349,999 15 158
$350,000 thru $399,999 26 142
$400,000 thru $449,999 10 124
$450,000 thru $499,999 14 132
$500,000 thru $549,999 10 147
$550,000 thru $599,999 10 75
$600,000 thru $649,999 6 101
$650,000 thru $699,999 9 146
$700,000 thru $749,999 2 43
$750,000 thru $799,999 4 282
$800,000 thru $849,999 2 59
$850,000 thru $899,999 4 144
$900,000 thru $949,999 1 185
$950,000 thru $999,999 6 62
$1,000,000 thru $1,249,999 4 221
$1,250,000 thru $1,499,999 10 177
$1,500,000 thru $1,749,999 2 314
$1,750,000 thru $1,999,999 3 157
$2,000,000 thru $2,249,999 1 279
$2,250,000 thru $2,499,999 1 239
$2,750,000 thru $2,999,999 1 244
$3,250,000 thru $3,499,999 1 215
$3,500,000 thru $3,749,999 1 166
$10,000,000 or More 1 173
196 135
Summary Price Information
Minimum $115,900 Maximum $11,500,000
Average $659,035 Median $435,500
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 30
$140,000 thru $159,999 1 215
$160,000 thru $179,999 2 343
$180,000 thru $199,999 4 160
$200,000 thru $249,999 2 151
$250,000 thru $299,999 11 142
$300,000 thru $349,999 13 112
$350,000 thru $399,999 8 73
$400,000 thru $449,999 7 132
$450,000 thru $499,999 5 56
$500,000 thru $549,999 1 139
$550,000 thru $599,999 3 54
$600,000 thru $649,999 1 30
$650,000 thru $699,999 3 81
$700,000 thru $749,999 3 176
$750,000 thru $799,999 3 170
$900,000 thru $949,999 1 49
$1,500,000 thru $1,749,999 1 322
70 124
Summary Price Information
Minimum $130,000 Maximum $1,650,000
Average $426,820 Median $367,250
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 02/26/15 at 8:21pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 2 87
$120,000 thru $139,999 2 157
$140,000 thru $159,999 7 128
$160,000 thru $179,999 6 118
$180,000 thru $199,999 5 99
$200,000 thru $249,999 26 125
$250,000 thru $299,999 64 124
$300,000 thru $349,999 49 98
$350,000 thru $399,999 39 115
$400,000 thru $449,999 21 128
$450,000 thru $499,999 23 110
$500,000 thru $549,999 18 156
$550,000 thru $599,999 16 147
$600,000 thru $649,999 12 173
$650,000 thru $699,999 11 119
$700,000 thru $749,999 4 107
$750,000 thru $799,999 3 175
$800,000 thru $849,999 1 56
$850,000 thru $899,999 2 129
$900,000 thru $949,999 1 221
$1,000,000 thru $1,249,999 5 308
$1,250,000 thru $1,499,999 1 45
$1,500,000 thru $1,749,999 1 41
$1,750,000 thru $1,999,999 1 456
$2,500,000 thru $2,749,999 1 173
$2,750,000 thru $2,999,999 1 118
$3,500,000 thru $3,749,999 1 500
323 128
Summary Price Information
Minimum $105,000 Maximum $3,579,900
Average $430,340 Median $350,000
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 2/19/15

February 19, 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 Lake Tahoe home sales for the Nevada east shore has showed a gradual slowing!  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 .5% to show that just 11.5% of the available homes on the market are now pending sales in escrow.  This is due to the number of Lake Tahoe homes for sale increasing by 6 as the pending sales remained the same.  There is now 1 bank owned foreclosure and 3 short sales available on the market.  The distress sales represent 2.9% of the available inventory and 33.3% of the pending sales.

This past week there was 1 completed sale for a YTD total of 14 sales.  The only sale was on Cottonwood Dr. for $663,500.  This did manage to bump up the 6 month average sales price by 2.7% to $901,710.  The average days on market are 181 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 for 2/19/15

February 19, 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 has been somewhat consistent as sales remain low compared to a year ago.  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 pending sales.  This past week the Market Activity Ratio has increased by 1.7% to show that 25.8% of the available inventory are pending sales in escrow. There are now 5 bank owned foreclosures and 2 short sales on the market.  The distress sales represent 3.7% of the available inventory and 8.3% of the pending sales.

There were 6 completed sales for a YTD total of 63 sales.  The lowest sale was a townhome on Spruce for $159,000.  The top three sales were on Bella Coola for $575,000, Fair Meadow Ct for $653,000 and Wintoon Dr for $735,000.  The average days on market are 125 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 02/19/15 at 6:59pm
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 104
$120,000 thru $139,999 1 23
$160,000 thru $179,999 3 54
$180,000 thru $199,999 5 206
$200,000 thru $249,999 12 150
$250,000 thru $299,999 22 93
$300,000 thru $349,999 17 141
$350,000 thru $399,999 24 145
$400,000 thru $449,999 9 161
$450,000 thru $499,999 15 112
$500,000 thru $549,999 10 153
$550,000 thru $599,999 8 95
$600,000 thru $649,999 5 114
$650,000 thru $699,999 9 167
$700,000 thru $749,999 2 94
$750,000 thru $799,999 4 230
$800,000 thru $849,999 2 52
$850,000 thru $899,999 5 129
$900,000 thru $949,999 2 110
$950,000 thru $999,999 5 67
$1,000,000 thru $1,249,999 3 286
$1,250,000 thru $1,499,999 10 170
$1,500,000 thru $1,749,999 1 614
$1,750,000 thru $1,999,999 3 150
$2,000,000 thru $2,249,999 1 272
$2,250,000 thru $2,499,999 1 232
$2,750,000 thru $2,999,999 1 237
$3,250,000 thru $3,499,999 1 208
$3,500,000 thru $3,749,999 1 159
$10,000,000 or More 1 166
184 141
Summary Price Information
Minimum $115,900 Maximum $11,500,000
Average $669,981 Median $449,250
Pending
Listing Price Range Quantity Average DOM
$140,000 thru $159,999 1 208
$160,000 thru $179,999 3 321
$180,000 thru $199,999 4 153
$200,000 thru $249,999 2 144
$250,000 thru $299,999 14 127
$300,000 thru $349,999 11 121
$350,000 thru $399,999 6 83
$400,000 thru $449,999 6 100
$450,000 thru $499,999 2 99
$500,000 thru $549,999 2 147
$550,000 thru $599,999 2 15
$600,000 thru $649,999 1 23
$650,000 thru $699,999 3 71
$700,000 thru $749,999 3 169
$750,000 thru $799,999 2 243
$800,000 thru $849,999 1 339
$1,500,000 thru $1,749,999 1 315
64 136
Summary Price Information
Minimum $146,000 Maximum $1,650,000
Average $415,375 Median $339,000
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 02/19/15 at 6:59pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 2 87
$120,000 thru $139,999 2 157
$140,000 thru $159,999 7 128
$160,000 thru $179,999 7 118
$180,000 thru $199,999 5 99
$200,000 thru $249,999 28 119
$250,000 thru $299,999 67 121
$300,000 thru $349,999 50 100
$350,000 thru $399,999 39 115
$400,000 thru $449,999 24 123
$450,000 thru $499,999 25 111
$500,000 thru $549,999 19 152
$550,000 thru $599,999 16 147
$600,000 thru $649,999 12 173
$650,000 thru $699,999 10 114
$700,000 thru $749,999 4 107
$750,000 thru $799,999 2 90
$800,000 thru $849,999 1 56
$850,000 thru $899,999 2 129
$900,000 thru $949,999 1 221
$1,000,000 thru $1,249,999 6 286
$1,250,000 thru $1,499,999 1 45
$1,500,000 thru $1,749,999 1 41
$1,750,000 thru $1,999,999 1 456
$2,500,000 thru $2,749,999 1 173
$2,750,000 thru $2,999,999 1 118
$3,500,000 thru $3,749,999 1 500
335 125
Summary Price Information
Minimum $105,000 Maximum $3,579,900
Average $427,449 Median $349,900
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 Weekly Home Sale Report for 2/12/15

February 18, 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 homes for sale in South Lake Tahoe are typically at it’s lowest point in February.  How is that effecting market values?  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 1.1% to show that 24.1% of the available homes on the market are now pending sales in escrow.  This is due to the number of homes for sale increasing by 6 as the pending sales decreased by 1. A trend of increased supply could continue a stabilization of values.  There are now 5 bank owned foreclosures and 2 short sales currently on the market.  The distress sales now represent 3.7% of the available inventory and 8.3% of the pending sales.

There were 9 completed sales this past week for a YTD total of 57 sales.  The lowest sale was on Elwood Ave for $147,500.  The three highest sales were on Monterey Dr for $610,000, Venice Dr for $699,000 and S Upper Truckee Dr for $1,200,000.  The high end sales were enough to nudge the 6 month average sales price upward by .3%.  The average days on market are 123 days.  For more information contact your local South Lake Tahoe real estate agent, Jim Wire, 530-543-8101 or email jim@hotwiretotahoe.com.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 02/18/15 at 8:38pm
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 103
$120,000 thru $139,999 1 22
$160,000 thru $179,999 3 53
$180,000 thru $199,999 5 205
$200,000 thru $249,999 13 156
$250,000 thru $299,999 23 91
$300,000 thru $349,999 17 140
$350,000 thru $399,999 26 139
$400,000 thru $449,999 9 160
$450,000 thru $499,999 15 111
$500,000 thru $549,999 11 154
$550,000 thru $599,999 9 85
$600,000 thru $649,999 5 113
$650,000 thru $699,999 9 166
$700,000 thru $749,999 2 93
$750,000 thru $799,999 4 229
$800,000 thru $849,999 2 51
$850,000 thru $899,999 5 128
$900,000 thru $949,999 2 109
$950,000 thru $999,999 4 83
$1,000,000 thru $1,249,999 3 285
$1,250,000 thru $1,499,999 10 169
$1,500,000 thru $1,749,999 1 613
$1,750,000 thru $1,999,999 3 149
$2,000,000 thru $2,249,999 1 271
$2,250,000 thru $2,499,999 1 231
$2,750,000 thru $2,999,999 1 236
$3,250,000 thru $3,499,999 1 207
$3,500,000 thru $3,749,999 1 158
$10,000,000 or More 1 165
189 139
Summary Price Information
Minimum $115,900 Maximum $11,500,000
Average $659,726 Median $437,000
Pending
Listing Price Range Quantity Average DOM
$140,000 thru $159,999 1 207
$160,000 thru $179,999 3 320
$180,000 thru $199,999 4 152
$200,000 thru $249,999 1 42
$250,000 thru $299,999 13 130
$300,000 thru $349,999 11 120
$350,000 thru $399,999 5 94
$400,000 thru $449,999 6 99
$450,000 thru $499,999 2 98
$500,000 thru $549,999 2 146
$550,000 thru $599,999 1 13
$600,000 thru $649,999 1 22
$650,000 thru $699,999 3 70
$700,000 thru $749,999 3 168
$750,000 thru $799,999 2 242
$800,000 thru $849,999 1 338
$1,500,000 thru $1,749,999 1 314
60 138
Summary Price Information
Minimum $146,000 Maximum $1,650,000
Average $418,853 Median $339,000
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 02/18/15 at 8:38pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 2 87
$120,000 thru $139,999 2 157
$140,000 thru $159,999 8 121
$160,000 thru $179,999 8 116
$180,000 thru $199,999 7 100
$200,000 thru $249,999 28 109
$250,000 thru $299,999 72 117
$300,000 thru $349,999 53 101
$350,000 thru $399,999 40 115
$400,000 thru $449,999 25 121
$450,000 thru $499,999 25 111
$500,000 thru $549,999 18 136
$550,000 thru $599,999 16 152
$600,000 thru $649,999 12 173
$650,000 thru $699,999 10 115
$700,000 thru $749,999 4 129
$750,000 thru $799,999 3 73
$800,000 thru $849,999 2 203
$850,000 thru $899,999 2 129
$900,000 thru $949,999 1 221
$1,000,000 thru $1,249,999 6 286
$1,250,000 thru $1,499,999 1 45
$1,500,000 thru $1,749,999 1 41
$1,750,000 thru $1,999,999 1 456
$2,500,000 thru $2,749,999 1 173
$2,750,000 thru $2,999,999 1 118
$3,500,000 thru $3,749,999 1 500
350 123
Summary Price Information
Minimum $105,000 Maximum $3,579,900
Average $423,055 Median $338,000
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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