Lake Tahoe East Shore Weekly Real Estate Market Statistics

March 2, 2010

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.

This past week we saw another dip in Buyer Activity.  I use the Market Activity Ratio to determine the current buyer activity which is the relationship between the Active Listings and Pending Sales.  This past week the Market Activity Ratio did decrease from 13.2% to 12.6%.  This is the result of the Listing inventory increasing by 2 as the Pending Sales decreased by 1.

There was 1 new sale this past week which was a condo on Quaking Aspen for a sale price $400,000.  This decreased the 6 month Sales Average by .4% to $759,570.  The YTD for sales in Nevada is now 21 sales and the Average Days On Market is 224 days.  It is interesting to note that there is now 11 Short Sales which represents 47.8% of the Pending Sales.  These escrows tend to accumulate over a 6 month period until they either close escrow or they are canceled.

Status Class Type Area No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
                 
Active Listings 183 $399,931,026 $2,185,415 $749,000 320
Listings Under Contract 0 $0 $0 $0 0
Listings Sold 2010 21 $9,541,050 $454,336 $449,000 221
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 29 $8,923,100 $307,693 $265,000 312
      Upper Kingsbury 5 $4,746,500 $949,300 $649,000 388
      Mid Kingsbury 8 $7,862,000 $982,750 $572,500 342
      Lower Kingsbury 5 $8,297,000 $1,659,400 $1,850,000 157
      Lincoln Park 1 $1,695,000 $1,695,000 $1,695,000 487
      Lake Village 7 $2,621,450 $374,493 $349,950 176
      Round Hill 12 $12,370,999 $1,030,917 $759,000 422
      Elk Point 2 $3,840,000 $1,920,000 $1,920,000 177
      Pinewild/Marla 7 $5,437,777 $776,825 $550,000 224
      Zephyr Heights/Knolls 10 $8,865,000 $886,500 $757,000 226
      Skyland/Tall Pn/Snug Harbor 5 $4,167,000 $833,400 $799,000 161
      Hidden Woods 3 $6,670,000 $2,223,333 $2,595,000 210
      Upper & Lower Lakeridge - LT 4 $4,434,000 $1,108,500 $1,145,000 372
      Cave Rock 11 $21,151,000 $1,922,818 $2,400,000 458
      Logan/Cedarbrok 1 $4,495,000 $4,495,000 $4,495,000 876
      Glenbrk/Uppaway 15 $56,188,500 $3,745,900 $3,850,000 367
      Lakefront Propt 17 $202,862,500 $11,933,088 $4,995,000 443
Sub Total 142 $364,626,826 $2,567,795 $967,000 333
New                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $779,000 $389,500 $389,500 4
      Lake Village 3 $1,348,000 $449,333 $350,000 6
      Pinewild/Marla 1 $2,198,000 $2,198,000 $2,198,000 6
Sub Total 6 $4,325,000 $720,833 $450,000 6
Back On Market                
  RESIDENTIAL              
    Residential            
      Lake Village 1 $649,000 $649,000 $649,000 170
Sub Total 1 $649,000 $649,000 $649,000 170
Extended                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $634,900 $317,450 $317,450 129
      Upper Kingsbury 1 $649,000 $649,000 $649,000 339
      Round Hill 1 $549,000 $549,000 $549,000 283
      Glenbrk/Uppaway 1 $4,495,000 $4,495,000 $4,495,000 368
      Lakefront Propt 1 $2,250,000 $2,250,000 $2,250,000 657
Sub Total 6 $8,577,900 $1,429,650 $599,000 318
Price Reduced                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $475,000 $237,500 $237,500 73
      Lake Village 1 $461,500 $461,500 $461,500 1235
      Upper & Lower Lakeridge - LT 2 $1,998,000 $999,000 $999,000 168
Sub Total 5 $2,934,500 $586,900 $461,500 343
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 3 $671,500 $223,833 $239,000 307
      Mid Kingsbury 2 $994,500 $497,250 $497,250 40
      Skyland/Tall Pn/Snug Harbor 1 $895,000 $895,000 $895,000 321
      Upper & Lower Lakeridge - LT 1 $499,000 $499,000 $499,000 215
      Logan/Cedarbrok 1 $1,195,000 $1,195,000 $1,195,000 928
      Lakefront Propt 1 $6,495,000 $6,495,000 $6,495,000 970
Sub Total 9 $10,750,000 $1,194,444 $499,000 381
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      Lake Village 2 $604,000 $302,000 $302,000 103
      Zephyr Cove 1 $799,900 $799,900 $799,900 894
Sub Total 3 $1,403,900 $467,967 $305,000 367
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $334,000 $167,000 $167,000 493
      Upper Kingsbury 2 $2,429,900 $1,214,950 $1,214,950 200
      Mid Kingsbury 1 $399,000 $399,000 $399,000 229
      Lower Kingsbury 1 $239,000 $239,000 $239,000 158
      Kahle Park 1 $279,000 $279,000 $279,000 367
      Round Hill 2 $874,000 $437,000 $437,000 97
      Zephyr Heights/Knolls 2 $2,109,000 $1,054,500 $1,054,500 240
Sub Total 11 $6,663,900 $605,809 $399,000 256
SOLD                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 23 $4,807,750 $209,033 $170,000 173
      Upper Kingsbury 6 $4,803,900 $800,650 $356,500 232
      Mid Kingsbury 6 $3,168,386 $528,064 $482,000 314
      Lower Kingsbury 3 $1,149,900 $383,300 $340,000 120
      Lincoln Park 1 $450,000 $450,000 $450,000 174
      Lake Village 6 $2,143,900 $357,317 $324,000 53
      Round Hill 7 $5,327,250 $761,036 $456,000 148
      Pinewild/Marla 3 $1,555,000 $518,333 $500,000 250
      Zephyr Heights/Knolls 4 $2,115,400 $528,850 $517,000 330
      Skyland/Tall Pn/Snug Harbor 2 $1,311,000 $655,500 $655,500 190
      Upper & Lower Lakeridge - LT 1 $1,100,000 $1,100,000 $1,100,000 59
      Cave Rock 2 $2,022,000 $1,011,000 $1,011,000 531
      Glenbrk/Uppaway 4 $7,975,000 $1,993,750 $1,725,000 315
      Lakefront Propt 3 $16,000,000 $5,333,333 $4,550,000 655
Sub Total 71 $53,929,486 $759,570 $400,000 224

Lake Tahoe Weekly Real Estate Market Statistics for East Shore

February 26, 2010

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 Nevada market has cooled slightly this past week.  To track the buyer activity I use the Market Activity Ratio which is the relationship between the Active Listings and Pending Sales.  This past week it went from 13.9% to 13.2% which is the result of the Active Listings increasing by 3 and the Pending Sales decreasing by 1.  Interesting to note that 12 of the pending sales are short sales. 

This past week there were 6 new sales for a YTD of 20 sales.  This brought the 6 month average down by 1.8% to $762,246.  These sales were in the amounts of $115,000 a condo on Tina Ct, $449,000 on Paiute Dr and $480,000 a condo on North Bowl.  The Average Days on market is 226 days.

Status Class Type Area No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
                 
Active Listings 182 $393,282,926 $2,160,895 $722,000 321
Listings Under Contract 0 $0 $0 $0 0
Listings Sold 2010 20 $9,141,050 $457,053 $449,500 230
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 32 $9,931,000 $310,344 $270,500 316
      Upper Kingsbury 7 $5,790,500 $827,214 $649,000 347
      Mid Kingsbury 9 $8,311,500 $923,500 $550,000 307
      Lower Kingsbury 5 $8,297,000 $1,659,400 $1,850,000 153
      Lincoln Park 1 $1,695,000 $1,695,000 $1,695,000 483
      Lake Village 8 $3,347,350 $418,419 $362,500 266
      Round Hill 13 $12,919,999 $993,846 $749,000 407
      Elk Point 2 $3,840,000 $1,920,000 $1,920,000 173
      Pinewild/Marla 7 $5,437,777 $776,825 $550,000 220
      Zephyr Heights/Knolls 9 $7,616,000 $846,222 $745,000 245
      Skyland/Tall Pn/Snug Harbor 5 $4,167,000 $833,400 $799,000 157
      Hidden Woods 3 $6,670,000 $2,223,333 $2,595,000 206
      Upper & Lower Lakeridge - LT 6 $6,682,000 $1,113,667 $1,145,000 300
      Cave Rock 11 $21,151,000 $1,922,818 $2,400,000 454
      Logan/Cedarbrok 1 $4,495,000 $4,495,000 $4,495,000 872
      Glenbrk/Uppaway 15 $56,188,500 $3,745,900 $3,850,000 363
      Lakefront Propt 15 $194,917,500 $12,994,500 $4,995,000 449
      Sub Total 149 $361,457,126 $2,425,887 $795,000 331
New                
  RESIDENTIAL              
    Residential            
      Lake Village 2 $599,000 $299,500 $299,500 2
      Zephyr Heights/Knolls 1 $1,249,000 $1,249,000 $1,249,000 17
      Sub Total 3 $1,848,000 $616,000 $350,000 7
Extended                
  RESIDENTIAL              
    Residential            
      Lake Village 1 $349,500 $349,500 $349,500 605
      Sub Total 1 $349,500 $349,500 $349,500 605
Price Raised                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $265,000 $265,000 $265,000 3
      Sub Total 1 $265,000 $265,000 $265,000 3
Price Reduced                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $475,000 $237,500 $237,500 69
      Lakefront Propt 2 $7,945,000 $3,972,500 $3,972,500 367
      Sub Total 4 $8,420,000 $2,105,000 $1,632,500 218
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $432,500 $216,250 $216,250 253
      Upper Kingsbury 1 $429,000 $429,000 $429,000 33
      Mid Kingsbury 1 $545,000 $545,000 $545,000 11
      Skyland/Tall Pn/Snug Harbor 1 $895,000 $895,000 $895,000 317
      Upper & Lower Lakeridge - LT 1 $499,000 $499,000 $499,000 211
      Logan/Cedarbrok 1 $1,195,000 $1,195,000 $1,195,000 924
      Lakefront Propt 1 $6,495,000 $6,495,000 $6,495,000 966
      Sub Total 8 $10,490,500 $1,311,313 $522,000 371
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $135,000 $135,000 $135,000 109
      Lake Village 2 $604,000 $302,000 $302,000 99
      Zephyr Cove 1 $799,900 $799,900 $799,900 890
      Sub Total 4 $1,538,900 $384,725 $302,000 299
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $334,000 $167,000 $167,000 489
      Upper Kingsbury 2 $2,429,900 $1,214,950 $1,214,950 196
      Mid Kingsbury 1 $399,000 $399,000 $399,000 225
      Lower Kingsbury 1 $239,000 $239,000 $239,000 154
      Kahle Park 1 $279,000 $279,000 $279,000 363
      Round Hill 2 $874,000 $437,000 $437,000 93
      Zephyr Heights/Knolls 2 $2,109,000 $1,054,500 $1,054,500 236
      Lakefront Propt 1 $2,250,000 $2,250,000 $2,250,000 653
      Sub Total 12 $8,913,900 $742,825 $409,000 285
SOLD                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 23 $4,807,750 $209,033 $170,000 173
      Upper Kingsbury 5 $4,403,900 $880,780 $313,000 272
      Mid Kingsbury 6 $3,168,386 $528,064 $482,000 314
      Lower Kingsbury 3 $1,149,900 $383,300 $340,000 120
      Lincoln Park 1 $450,000 $450,000 $450,000 174
      Lake Village 6 $2,143,900 $357,317 $324,000 53
      Round Hill 7 $5,327,250 $761,036 $456,000 148
      Pinewild/Marla 3 $1,555,000 $518,333 $500,000 250
      Zephyr Heights/Knolls 5 $2,705,400 $541,080 $535,000 295
      Skyland/Tall Pn/Snug Harbor 2 $1,311,000 $655,500 $655,500 190
      Upper & Lower Lakeridge - LT 1 $1,100,000 $1,100,000 $1,100,000 59
      Cave Rock 2 $2,022,000 $1,011,000 $1,011,000 531
      Glenbrk/Uppaway 4 $7,975,000 $1,993,750 $1,725,000 315
      Lakefront Propt 3 $16,000,000 $5,333,333 $4,550,000 655
      Sub Total 71 $54,119,486 $762,246 $410,000 226

Lake Tahoe East Shore Weekly Real Estate Market Statistics

February 18, 2010

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.

Despite the warmer temperatures this past week, the NV market cooled off.  To measure the current buyer activity, use the Market Activity Ratio.  This is the relationship between the Active Listings and the Pending Sales.  This past week we saw the Maret Activity Ratio drop from 16.3% to 13.9%.  This was the result of the Active Listings increasing by 1 as the Pending Sales decreased by 5. 

There were 3 new sales this past week for a YTD of 17.  This brought the 6 month Sales Average down by .1% to $775,338.  The Average Days On Market is now 220 days.  The sales were in Lake Village for $265,000, Upper Kingsbury for $490,000 and Glenbrook for $1,025,000.  It is interesting to note that there are 13 pending short sales, which represents 52% of the Pending Sales.

Status Class Type Area No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
                 
Active Listings 180 $398,603,223 $2,214,462 $747,000 318
Listings Under Contract 0 $0 $0 $0 0
Listings Sold 2010 17 $8,097,050 $476,297 $450,000 247
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 31 $10,054,500 $324,339 $285,000 317
      Upper Kingsbury 7 $5,790,500 $827,214 $649,000 339
      Mid Kingsbury 9 $8,311,500 $923,500 $550,000 299
      Lower Kingsbury 5 $8,297,000 $1,659,400 $1,850,000 145
      Lincoln Park 1 $1,695,000 $1,695,000 $1,695,000 475
      Lake Village 9 $3,658,850 $406,539 $355,000 247
      Round Hill 12 $12,565,999 $1,047,167 $759,000 423
      Elk Point 2 $3,840,000 $1,920,000 $1,920,000 165
      Pinewild/Marla 5 $3,542,777 $708,555 $550,000 285
      Zephyr Heights/Knolls 7 $6,218,000 $888,286 $745,000 304
      Skyland/Tall Pn/Snug Harbor 6 $5,383,000 $897,167 $957,000 154
      Hidden Woods 2 $3,770,000 $1,885,000 $1,885,000 235
      Upper & Lower Lakeridge - LT 7 $7,181,000 $1,025,857 $1,095,000 279
      Cave Rock 11 $21,151,000 $1,922,818 $2,400,000 446
      Logan/Cedarbrok 1 $4,495,000 $4,495,000 $4,495,000 864
      Glenbrk/Uppaway 12 $42,393,500 $3,532,792 $2,297,500 359
      Lakefront Propt 18 $208,602,500 $11,589,028 $4,995,000 427
      Sub Total 145 $356,950,126 $2,461,725 $849,000 334
New                
  RESIDENTIAL              
    Residential            
      Pinewild/Marla 1 $1,445,000 $1,445,000 $1,445,000 6
      Zephyr Heights/Knolls 2 $1,398,000 $699,000 $699,000 3
      Sub Total 3 $2,843,000 $947,667 $769,000 4
Extended                
  RESIDENTIAL              
    Residential            
      Glenbrk/Uppaway 3 $13,795,000 $4,598,333 $4,250,000 337
      Sub Total 3 $13,795,000 $4,598,333 $4,250,000 337
Price Reduced                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $109,000 $109,000 $109,000 93
      Round Hill 1 $359,000 $359,000 $359,000 113
      Pinewild/Marla 1 $450,000 $450,000 $450,000 54
      Hidden Woods 1 $2,900,000 $2,900,000 $2,900,000 126
      Sub Total 4 $3,818,000 $954,500 $404,500 97
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 3 $934,400 $311,467 $249,000 177
      Upper Kingsbury 1 $429,000 $429,000 $429,000 25
      Mid Kingsbury 1 $545,000 $545,000 $545,000 3
      Skyland/Tall Pn/Snug Harbor 1 $895,000 $895,000 $895,000 309
      Logan/Cedarbrok 1 $1,195,000 $1,195,000 $1,195,000 916
      Lakefront Propt 1 $6,495,000 $6,495,000 $6,495,000 958
      Sub Total 8 $10,493,400 $1,311,675 $523,450 343
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $135,000 $135,000 $135,000 101
      Lake Village 1 $299,000 $299,000 $299,000 20
      Round Hill 1 $425,997 $425,997 $425,997 228
      Zephyr Cove 1 $799,900 $799,900 $799,900 882
      Sub Total 4 $1,659,897 $414,974 $362,499 308
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $334,000 $167,000 $167,000 481
      Upper Kingsbury 3 $2,559,800 $853,267 $79,900 167
      Mid Kingsbury 1 $399,000 $399,000 $399,000 217
      Lower Kingsbury 1 $239,000 $239,000 $239,000 146
      Kahle Park 1 $279,000 $279,000 $279,000 355
      Round Hill 2 $874,000 $437,000 $437,000 85
      Zephyr Heights/Knolls 2 $2,109,000 $1,054,500 $1,054,500 228
      Lakefront Propt 1 $2,250,000 $2,250,000 $2,250,000 645
      Sub Total 13 $9,043,800 $695,677 $399,000 265
SOLD                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 22 $4,327,750 $196,716 $169,500 179
      Upper Kingsbury 5 $4,589,900 $917,980 $313,000 260
      Mid Kingsbury 6 $3,168,386 $528,064 $482,000 314
      Lower Kingsbury 5 $1,748,800 $349,760 $339,900 87
      Lincoln Park 1 $450,000 $450,000 $450,000 174
      Lake Village 7 $2,393,900 $341,986 $265,000 50
      Round Hill 7 $5,078,250 $725,464 $456,000 133
      Pinewild/Marla 3 $1,555,000 $518,333 $500,000 250
      Zephyr Heights/Knolls 5 $2,705,400 $541,080 $535,000 295
      Zephyr Cove 1 $725,000 $725,000 $725,000 107
      Skyland/Tall Pn/Snug Harbor 2 $1,311,000 $655,500 $655,500 190
      Upper & Lower Lakeridge - LT 1 $1,100,000 $1,100,000 $1,100,000 59
      Cave Rock 2 $2,022,000 $1,011,000 $1,011,000 531
      Glenbrk/Uppaway 5 $9,475,000 $1,895,000 $1,500,000 340
      Lakefront Propt 3 $16,000,000 $5,333,333 $4,550,000 655
      Sub Total 75 $56,650,386 $755,338 $356,400 220

Lake Tahoe East Shore Weekly Real Estate Market Statistics

February 5, 2010

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 East Shore Nevada market remains consistant with the Market Activity Ratio remaining the same at 15.1% this past week. The Market Activity Ratio is a trend that I track to determine the Buyer activity in the real estate market which is the relationship between Active Listings and Pending Sales.  This past week the Active Listings increased by 6 and the Pending Sales increased by 1.

There were 3 new sales this past week for a YTD of 10.  This increase the 6 month Average Sales by 1.9% to $780,108.  The Average Days on Market is 211 days.  The recent sales were a $215,900 condo in Lake Village, $535,000 lake view home in Zephyr Heights and $555,000 home in Skyland.

Status Class Type Area No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
                 
Active Listings 178 $412,643,200 $2,318,220 $749,000 325
Listings Under Contract 1 $171,000 $171,000 $171,000 106
Listings Sold 2010 10 $4,937,150 $493,715 $458,125 206
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 26 $8,635,500 $332,135 $285,000 359
      Upper Kingsbury 8 $6,631,500 $828,938 $599,500 353
      Mid Kingsbury 8 $8,567,500 $1,070,938 $935,000 227
      Lower Kingsbury 4 $7,678,000 $1,919,500 $1,899,500 166
      Lincoln Park 1 $1,695,000 $1,695,000 $1,695,000 462
      Lake Village 9 $3,677,400 $408,600 $355,000 296
      Round Hill 12 $12,395,999 $1,033,000 $759,000 397
      Elk Point 2 $3,840,000 $1,920,000 $1,920,000 152
      Pinewild/Marla 5 $3,765,554 $753,111 $647,777 358
      Zephyr Heights/Knolls 5 $5,008,000 $1,001,600 $975,000 391
      Zephyr Cove 1 $799,900 $799,900 $799,900 869
      Skyland/Tall Pn/Snug Harbor 5 $4,533,000 $906,600 $1,064,000 170
      Hidden Woods 3 $7,220,000 $2,406,667 $2,595,000 186
      Upper & Lower Lakeridge - LT 6 $5,886,000 $981,000 $1,047,000 310
      Cave Rock 9 $19,006,000 $2,111,778 $2,495,000 501
      Logan/Cedarbrok 2 $5,690,000 $2,845,000 $2,845,000 877
      Glenbrk/Uppaway 16 $64,135,500 $4,008,469 $3,924,750 322
      Lakefront Propt 17 $205,302,500 $12,076,618 $4,995,000 358
Sub Total 139 $374,467,353 $2,694,010 $1,064,000 347
New                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $671,000 $335,500 $335,500 4
      Mid Kingsbury 1 $479,000 $479,000 $479,000 4
      Zephyr Heights/Knolls 2 $2,365,000 $1,182,500 $1,182,500 3
Sub Total 5 $3,515,000 $703,000 $479,000 4
Back On Market                
  RESIDENTIAL              
    Residential            
      Lakefront Propt 1 $4,650,000 $4,650,000 $4,650,000 1376
Sub Total 1 $4,650,000 $4,650,000 $4,650,000 1376
Extended                
  RESIDENTIAL              
    Residential            
      Mid Kingsbury 1 $550,000 $550,000 $550,000 897
      Pinewild/Marla 1 $425,000 $425,000 $425,000 263
Sub Total 2 $975,000 $487,500 $487,500 580
Price Reduced                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $466,800 $233,400 $233,400 85
      Lake Village 1 $349,950 $349,950 $349,950 46
      Round Hill 1 $549,000 $549,000 $549,000 258
      Glenbrk/Uppaway 1 $7,500,000 $7,500,000 $7,500,000 155
Sub Total 5 $8,865,750 $1,773,150 $349,950 126
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 3 $934,400 $311,467 $249,000 164
      Upper Kingsbury 1 $429,000 $429,000 $429,000 12
      Lincoln Park 1 $499,000 $499,000 $499,000 169
      Pinewild/Marla 1 $545,000 $545,000 $545,000 398
      Skyland/Tall Pn/Snug Harbor 1 $895,000 $895,000 $895,000 296
      Upper & Lower Lakeridge - LT 1 $1,295,000 $1,295,000 $1,295,000 7
      Lakefront Propt 1 $6,495,000 $6,495,000 $6,495,000 945
Sub Total 9 $11,092,400 $1,232,489 $501,900 258
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      Upper Kingsbury 1 $284,900 $284,900 $284,900 170
      Round Hill 1 $425,997 $425,997 $425,997 215
      Zephyr Heights/Knolls 1 $539,000 $539,000 $539,000 77
      Glenbrk/Uppaway 1 $1,050,000 $1,050,000 $1,050,000 628
Sub Total 4 $2,299,897 $574,974 $482,499 273
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $334,000 $167,000 $167,000 468
      Upper Kingsbury 3 $2,559,800 $853,267 $79,900 154
      Mid Kingsbury 1 $399,000 $399,000 $399,000 204
      Lower Kingsbury 1 $239,000 $239,000 $239,000 133
      Kahle Park 1 $279,000 $279,000 $279,000 342
      Lake Village 1 $279,000 $279,000 $279,000 94
      Round Hill 2 $874,000 $437,000 $437,000 72
      Zephyr Heights/Knolls 1 $419,000 $419,000 $419,000 426
      Cave Rock 1 $1,395,000 $1,395,000 $1,395,000 254
Sub Total 13 $6,777,800 $521,369 $279,000 230
SOLD                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 23 $4,568,750 $198,641 $175,050 174
      Upper Kingsbury 3 $3,814,000 $1,271,333 $313,000 192
      Mid Kingsbury 7 $5,918,386 $845,484 $554,000 373
      Lower Kingsbury 5 $1,748,800 $349,760 $339,900 87
      Lake Village 6 $2,128,900 $354,817 $316,500 42
      Round Hill 7 $5,078,250 $725,464 $456,000 133
      Pinewild/Marla 3 $1,630,000 $543,333 $550,000 147
      Zephyr Heights/Knolls 6 $3,087,900 $514,650 $517,000 283
      Zephyr Cove 1 $725,000 $725,000 $725,000 107
      Skyland/Tall Pn/Snug Harbor 2 $1,311,000 $655,500 $655,500 190
      Upper & Lower Lakeridge - LT 1 $1,100,000 $1,100,000 $1,100,000 59
      Cave Rock 2 $2,022,000 $1,011,000 $1,011,000 531
      Glenbrk/Uppaway 4 $8,450,000 $2,112,500 $1,925,000 266
      Lakefront Propt 3 $16,000,000 $5,333,333 $4,550,000 655
Sub Total 73 $57,582,986 $788,808 $356,400 213
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $171,000 $171,000 $171,000 106
Sub Total 1 $171,000 $171,000 $171,000 106

Lake Tahoe East Shore Weekly Real Estate Market Statistics

January 28, 2010

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 market slowed down this past week.  To track the most  current buyer activity I track the Market Activity Ratio which  is the relationship between the Active Listings (Inventory) and Pending Sales (Escrows).  This past week we saw the Market Activity Ratio decrease from 16% to 15.1% which is the result of the Active Listings decreasing by 6 and the Pending Sales decreasing by 3. 

There was one new sale this past week for a YTD of 7.  The most recent sale was in the Zephyr Cove area for $555,000.  This puts the 6 month Sales Average to $765,376 which is down by .4% from the previous week.  The Average Days On Market is 206.

Status Class Type Area No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
                 
Active Listings 172 $416,134,750 $2,419,388 $824,450 338
Listings Under Contract 2 $386,900 $193,450 $193,450 58
Listings Sold 2010 7 $3,461,250 $494,464 $446,250 119
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 25 $8,075,300 $323,012 $285,000 329
      Upper Kingsbury 7 $5,932,500 $847,500 $570,000 376
      Mid Kingsbury 7 $7,283,000 $1,040,429 $595,000 301
      Lower Kingsbury 3 $5,729,000 $1,909,667 $1,850,000 209
      Lincoln Park 1 $1,695,000 $1,695,000 $1,695,000 454
      Lake Village 10 $4,347,900 $434,790 $372,000 280
      Round Hill 12 $12,396,999 $1,033,083 $759,000 395
      Elk Point 2 $3,840,000 $1,920,000 $1,920,000 144
      Pinewild/Marla 5 $3,765,554 $753,111 $647,777 350
      Zephyr Cove 1 $799,900 $799,900 $799,900 861
      Skyland/Tall Pn/Snug Harbor 9 $9,210,000 $1,023,333 $1,064,000 266
      Hidden Woods 3 $7,220,000 $2,406,667 $2,595,000 178
      Upper & Lower Lakeridge - LT 6 $5,886,000 $981,000 $1,047,000 302
      Cave Rock 9 $19,006,000 $2,111,778 $2,495,000 493
      Logan/Cedarbrok 3 $8,089,000 $2,696,333 $2,399,000 860
      Glenbrk/Uppaway 18 $77,130,500 $4,285,028 $4,397,250 307
      Lakefront Propt 17 $205,302,500 $12,076,618 $4,995,000 350
Sub Total 138 $385,709,153 $2,794,994 $1,097,000 346
New                
  RESIDENTIAL              
    Residential            
      Upper Kingsbury 1 $499,000 $499,000 $499,000 5
      Lower Kingsbury 1 $1,949,000 $1,949,000 $1,949,000 3
Sub Total 2 $2,448,000 $1,224,000 $1,224,000 4
Extended                
  RESIDENTIAL              
    Residential            
      Mid Kingsbury 1 $1,375,000 $1,375,000 $1,375,000 499
      Round Hill 1 $719,000 $719,000 $719,000 184
Sub Total 2 $2,094,000 $1,047,000 $1,047,000 342
Price Reduced                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $768,000 $384,000 $384,000 526
      Upper Kingsbury 1 $649,000 $649,000 $649,000 306
      Mid Kingsbury 1 $459,500 $459,500 $459,500 31
Sub Total 4 $1,876,500 $469,125 $479,250 347
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 3 $934,400 $311,467 $249,000 156
      Upper Kingsbury 1 $429,000 $429,000 $429,000 4
      Lincoln Park 1 $499,000 $499,000 $499,000 161
      Pinewild/Marla 1 $545,000 $545,000 $545,000 390
      Lakefront Propt 2 $10,694,000 $5,347,000 $5,347,000 1153
Sub Total 8 $13,101,400 $1,637,675 $500,450 416
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $135,000 $135,000 $135,000 85
      Upper Kingsbury 1 $284,900 $284,900 $284,900 162
      Round Hill 1 $425,997 $425,997 $425,997 207
      Glenbrk/Uppaway 1 $1,050,000 $1,050,000 $1,050,000 620
Sub Total 4 $1,895,897 $473,974 $355,449 269
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $334,000 $167,000 $167,000 460
      Upper Kingsbury 4 $2,984,800 $746,200 $252,450 254
      Mid Kingsbury 1 $399,000 $399,000 $399,000 196
      Lower Kingsbury 1 $239,000 $239,000 $239,000 125
      Kahle Park 1 $279,000 $279,000 $279,000 334
      Lake Village 1 $279,000 $279,000 $279,000 86
      Round Hill 1 $425,000 $425,000 $425,000 132
      Pinewild/Marla 1 $425,000 $425,000 $425,000 255
      Cave Rock 1 $1,395,000 $1,395,000 $1,395,000 246
      Lakefront Propt 1 $2,250,000 $2,250,000 $2,250,000 633
Sub Total 14 $9,009,800 $643,557 $339,000 282
SOLD                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 27 $5,126,250 $189,861 $170,000 174
      Upper Kingsbury 4 $4,192,000 $1,048,000 $345,500 180
      Mid Kingsbury 7 $5,918,386 $845,484 $554,000 373
      Lower Kingsbury 6 $3,123,800 $520,633 $339,950 79
      Lake Village 7 $2,463,000 $351,857 $290,000 64
      Round Hill 8 $6,343,250 $792,906 $603,500 118
      Pinewild/Marla 4 $2,045,000 $511,250 $525,000 174
      Zephyr Cove 1 $725,000 $725,000 $725,000 107
      Skyland/Tall Pn/Snug Harbor 2 $1,311,000 $655,500 $655,500 190
      Hidden Woods 1 $890,000 $890,000 $890,000 477
      Upper & Lower Lakeridge - LT 1 $1,100,000 $1,100,000 $1,100,000 59
      Cave Rock 4 $2,777,000 $694,250 $588,500 409
      Glenbrk/Uppaway 4 $8,450,000 $2,112,500 $1,925,000 266
      Lakefront Propt 3 $16,000,000 $5,333,333 $4,550,000 655
Sub Total 79 $60,464,686 $765,376 $340,000 206
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $171,000 $171,000 $171,000 98
      Lake Village 1 $215,900 $215,900 $215,900 17
Sub Total 2 $386,900 $193,450 $193,450 58
Status Class Type Area No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
                 
Active Listings 172 $416,134,750 $2,419,388 $824,450 338
Listings Under Contract 2 $386,900 $193,450 $193,450 58
Listings Sold 2010 7 $3,461,250 $494,464 $446,250 119
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 25 $8,075,300 $323,012 $285,000 329
      Upper Kingsbury 7 $5,932,500 $847,500 $570,000 376
      Mid Kingsbury 7 $7,283,000 $1,040,429 $595,000 301
      Lower Kingsbury 3 $5,729,000 $1,909,667 $1,850,000 209
      Lincoln Park 1 $1,695,000 $1,695,000 $1,695,000 454
      Lake Village 10 $4,347,900 $434,790 $372,000 280
      Round Hill 12 $12,396,999 $1,033,083 $759,000 395
      Elk Point 2 $3,840,000 $1,920,000 $1,920,000 144
      Pinewild/Marla 5 $3,765,554 $753,111 $647,777 350
      Zephyr Cove 1 $799,900 $799,900 $799,900 861
      Skyland/Tall Pn/Snug Harbor 9 $9,210,000 $1,023,333 $1,064,000 266
      Hidden Woods 3 $7,220,000 $2,406,667 $2,595,000 178
      Upper & Lower Lakeridge - LT 6 $5,886,000 $981,000 $1,047,000 302
      Cave Rock 9 $19,006,000 $2,111,778 $2,495,000 493
      Logan/Cedarbrok 3 $8,089,000 $2,696,333 $2,399,000 860
      Glenbrk/Uppaway 18 $77,130,500 $4,285,028 $4,397,250 307
      Lakefront Propt 17 $205,302,500 $12,076,618 $4,995,000 350
Sub Total 138 $385,709,153 $2,794,994 $1,097,000 346
New                
  RESIDENTIAL              
    Residential            
      Upper Kingsbury 1 $499,000 $499,000 $499,000 5
      Lower Kingsbury 1 $1,949,000 $1,949,000 $1,949,000 3
Sub Total 2 $2,448,000 $1,224,000 $1,224,000 4
Extended                
  RESIDENTIAL              
    Residential            
      Mid Kingsbury 1 $1,375,000 $1,375,000 $1,375,000 499
      Round Hill 1 $719,000 $719,000 $719,000 184
Sub Total 2 $2,094,000 $1,047,000 $1,047,000 342
Price Reduced                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $768,000 $384,000 $384,000 526
      Upper Kingsbury 1 $649,000 $649,000 $649,000 306
      Mid Kingsbury 1 $459,500 $459,500 $459,500 31
Sub Total 4 $1,876,500 $469,125 $479,250 347
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 3 $934,400 $311,467 $249,000 156
      Upper Kingsbury 1 $429,000 $429,000 $429,000 4
      Lincoln Park 1 $499,000 $499,000 $499,000 161
      Pinewild/Marla 1 $545,000 $545,000 $545,000 390
      Lakefront Propt 2 $10,694,000 $5,347,000 $5,347,000 1153
Sub Total 8 $13,101,400 $1,637,675 $500,450 416
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $135,000 $135,000 $135,000 85
      Upper Kingsbury 1 $284,900 $284,900 $284,900 162
      Round Hill 1 $425,997 $425,997 $425,997 207
      Glenbrk/Uppaway 1 $1,050,000 $1,050,000 $1,050,000 620
Sub Total 4 $1,895,897 $473,974 $355,449 269
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $334,000 $167,000 $167,000 460
      Upper Kingsbury 4 $2,984,800 $746,200 $252,450 254
      Mid Kingsbury 1 $399,000 $399,000 $399,000 196
      Lower Kingsbury 1 $239,000 $239,000 $239,000 125
      Kahle Park 1 $279,000 $279,000 $279,000 334
      Lake Village 1 $279,000 $279,000 $279,000 86
      Round Hill 1 $425,000 $425,000 $425,000 132
      Pinewild/Marla 1 $425,000 $425,000 $425,000 255
      Cave Rock 1 $1,395,000 $1,395,000 $1,395,000 246
      Lakefront Propt 1 $2,250,000 $2,250,000 $2,250,000 633
Sub Total 14 $9,009,800 $643,557 $339,000 282
SOLD                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 27 $5,126,250 $189,861 $170,000 174
      Upper Kingsbury 4 $4,192,000 $1,048,000 $345,500 180
      Mid Kingsbury 7 $5,918,386 $845,484 $554,000 373
      Lower Kingsbury 6 $3,123,800 $520,633 $339,950 79
      Lake Village 7 $2,463,000 $351,857 $290,000 64
      Round Hill 8 $6,343,250 $792,906 $603,500 118
      Pinewild/Marla 4 $2,045,000 $511,250 $525,000 174
      Zephyr Cove 1 $725,000 $725,000 $725,000 107
      Skyland/Tall Pn/Snug Harbor 2 $1,311,000 $655,500 $655,500 190
      Hidden Woods 1 $890,000 $890,000 $890,000 477
      Upper & Lower Lakeridge - LT 1 $1,100,000 $1,100,000 $1,100,000 59
      Cave Rock 4 $2,777,000 $694,250 $588,500 409
      Glenbrk/Uppaway 4 $8,450,000 $2,112,500 $1,925,000 266
      Lakefront Propt 3 $16,000,000 $5,333,333 $4,550,000 655
Sub Total 79 $60,464,686 $765,376 $340,000 206
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $171,000 $171,000 $171,000 98
      Lake Village 1 $215,900 $215,900 $215,900 17
Sub Total 2 $386,900 $193,450 $193,450 58

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