Lake Tahoe Weekly Real Estate Market Statistics For East Shore Nevada

July 29, 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.

There is a rise in the Buyer activity on the Nevada side of Lake Tahoe.  To track the most current Buyer activity, I like to use the Market Activity Ratio which is the relationship between Active listings and Pending Sales.  This past week we saw the Buyer activity increase from 10.3% to 12.3%.  This is a result of the Active Listings decreasing by 1 as the Pending Sales increased by 5.  The number of short sales in escrow remains the same at 11.  It is also interesting to note that the foreclosure shadow inventory is now trickling on the market.  The number of Bank Owned properties is now at 6 which is higher than the average of 4.  This will continue to put downward pressure on pricing.  The buyers may be disappointed to see that the prices will not drop off a cliff as it did in the previous years rather it will be a smaller adjustment.  The largest adjustments are still being seen in the higher price brackets above $500,000.

There was 1 new sale for a YTD of 67 sales.  This sale was a lake view home in Zephyr Heights and it sold for $650,000.  This did increase the 6 month Average Sales price by .7% to $740,381.  The average days on market are 250 days. 

Status Class Type Area No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
                 
Active Listings 184 $106,825,907 $580,576 $499,900 206
Listings Under Contract 4 $2,154,800 $538,700 $514,950 68
Listings Sold 2010 62 $30,238,350 $487,715 $447,625 215
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 31 $9,298,650 $299,956 $259,900 306
      Upper Kingsbury 10 $5,395,400 $539,540 $542,500 148
      Mid Kingsbury 16 $10,102,400 $631,400 $558,500 104
      Lower Kingsbury 3 $2,593,000 $864,333 $959,000 199
      Kahle Park 1 $354,999 $354,999 $354,999 84
      Lake Village 16 $7,059,500 $441,219 $417,500 124
      Round Hill 16 $10,276,499 $642,281 $637,500 243
      Pinewild/Marla 10 $7,507,000 $750,700 $622,000 163
      Zephyr Heights/Knolls 16 $13,536,000 $846,000 $719,000 158
      Zephyr Cove 1 $1,100,000 $1,100,000 $1,100,000 385
      Skyland/Tall Pn/Snug Harbor 8 $6,258,000 $782,250 $647,000 206
      Hidden Woods 2 $1,925,000 $962,500 $962,500 327
      Upper & Lower Lakeridge - LT 4 $3,618,999 $904,750 $924,500 382
      Cave Rock 7 $3,677,000 $525,286 $372,000 122
      Glenbrk/Uppaway 6 $7,627,000 $1,271,167 $1,292,000 190
      Sub Total 147 $90,329,447 $614,486 $588,000 201
New                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $354,000 $177,000 $177,000 3
      Upper Kingsbury 2 $1,095,510 $547,755 $547,755 4
      Round Hill 1 $550,000 $550,000 $550,000 3
      Zephyr Heights/Knolls 1 $172,900 $172,900 $172,900 126
      Logan/Cedarbrok 1 $782,900 $782,900 $782,900 5
      Sub Total 7 $2,955,310 $422,187 $345,510 21
Extended                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $298,650 $149,325 $149,325 712
      Upper Kingsbury 1 $1,195,000 $1,195,000 $1,195,000 72
      Sub Total 3 $1,493,650 $497,883 $169,500 498
Price Reduced                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $187,500 $187,500 $187,500 69
      Kahle Park 1 $230,000 $230,000 $230,000 516
      Zephyr Heights/Knolls 1 $345,000 $345,000 $345,000 41
      Zephyr Cove 1 $499,900 $499,900 $499,900 99
      Sub Total 4 $1,262,400 $315,600 $287,500 181
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 4 $1,528,900 $382,225 $432,000 272
      Mid Kingsbury 1 $1,095,000 $1,095,000 $1,095,000 35
      Lower Kingsbury 2 $498,500 $249,250 $249,250 180
      Round Hill 1 $499,900 $499,900 $499,900 36
      Skyland/Tall Pn/Snug Harbor 1 $995,000 $995,000 $995,000 746
      Sub Total 9 $4,617,300 $513,033 $499,900 251
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $604,000 $302,000 $302,000 136
      Upper Kingsbury 1 $399,000 $399,000 $399,000 54
      Mid Kingsbury 1 $1,095,000 $1,095,000 $1,095,000 117
      Pinewild/Marla 1 $450,000 $450,000 $450,000 215
      Sub Total 5 $2,548,000 $509,600 $399,000 132
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 3 $502,400 $167,467 $122,500 162
      Lower Kingsbury 1 $485,000 $485,000 $485,000 7
      Lake Village 2 $599,400 $299,700 $299,700 724
      Round Hill 1 $249,000 $249,000 $249,000 53
      Zephyr Heights/Knolls 1 $419,000 $419,000 $419,000 600
      Cave Rock 1 $1,365,000 $1,365,000 $1,365,000 428
      Sub Total 9 $3,619,800 $402,200 $270,000 336
SOLD                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 10 $2,029,500 $202,950 $184,500 247
      Upper Kingsbury 9 $3,380,800 $375,644 $395,000 134
      Mid Kingsbury 6 $2,685,000 $447,500 $453,000 187
      Lower Kingsbury 2 $786,000 $393,000 $393,000 93
      Lincoln Park 1 $450,000 $450,000 $450,000 174
      Lake Village 7 $1,823,400 $260,486 $265,000 105
      Round Hill 6 $3,525,250 $587,542 $447,625 126
      Pinewild/Marla 1 $475,000 $475,000 $475,000 401
      Zephyr Heights/Knolls 7 $4,809,000 $687,000 $725,000 347
      Zephyr Cove 1 $730,000 $730,000 $730,000 939
      Skyland/Tall Pn/Snug Harbor 4 $2,200,900 $550,225 $565,000 73
      Upper & Lower Lakeridge - LT 4 $3,386,000 $846,500 $808,000 235
      Cave Rock 1 $372,500 $372,500 $372,500 59
      Logan/Cedarbrok 1 $1,060,000 $1,060,000 $1,060,000 957
      Glenbrk/Uppaway 2 $2,525,000 $1,262,500 $1,262,500 344
      Sub Total 62 $30,238,350 $487,715 $447,625 215
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $775,900 $775,900 $775,900 53
      Lake Village 1 $349,000 $349,000 $349,000 96
      Round Hill 1 $529,900 $529,900 $529,900 69
      Glenbrk/Uppaway 1 $500,000 $500,000 $500,000 54
      Sub Total 4 $2,154,800 $538,700 $514,950 68

Lake Tahoe Weekly Real Estate Market Statistics For East Shore Nevada

July 22, 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 remains steady!  To track the most current buyer activity, I like to use the Market Activity Ratio which is the relationship between the Active listings and Pending sales.  The Market Activity Ratio remained the same at 10.3% from the previous week.  This is the result of the Active listings increaseing by one as the Pending sales remained the same.  The number of Pending short sales remained the same at 11. 

This past week there were 4 new sales for a YTD of 66 sales.  The sales were at Upper Kingsbury for $225,000, Mid Kingsbury for $482,000, Round Hill for $575,000 and Skyland for $770,900.  This increased the 6 month average sales price by 1.4% to $735,290.  The average days on market is 265 days.  

Status Class Type Area No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
                 
Active Listings 240 $332,670,997 $1,386,129 $646,500 240
Listings Under Contract 3 $1,378,900 $459,633 $500,000 66
Listings Sold 2010 59 $43,382,100 $735,290 $459,000 252
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 31 $9,070,300 $292,590 $240,000 311
      Upper Kingsbury 13 $9,064,400 $697,262 $595,000 189
      Mid Kingsbury 17 $18,727,400 $1,101,612 $635,900 108
      Lower Kingsbury 7 $9,513,000 $1,359,000 $995,000 230
      Lincoln Park 1 $1,695,000 $1,695,000 $1,695,000 627
      Kahle Park 2 $603,999 $302,000 $302,000 293
      Lake Village 15 $6,819,500 $454,633 $420,000 124
      Round Hill 16 $12,752,500 $797,031 $670,250 249
      Elk Point 2 $3,380,000 $1,690,000 $1,690,000 317
      Pinewild/Marla 10 $9,267,000 $926,700 $661,500 158
      Zephyr Heights/Knolls 16 $14,432,000 $902,000 $792,000 144
      Zephyr Cove 2 $1,610,000 $805,000 $805,000 235
      Skyland/Tall Pn/Snug Harbor 9 $7,882,000 $875,778 $659,000 190
      Hidden Woods 4 $7,220,000 $1,805,000 $1,797,500 292
      Upper & Lower Lakeridge - LT 4 $3,618,999 $904,750 $924,500 375
      Cave Rock 10 $13,852,000 $1,385,200 $825,000 162
      Logan/Cedarbrok 1 $3,995,000 $3,995,000 $3,995,000 1018
      Glenbrk/Uppaway 20 $59,856,500 $2,992,825 $2,297,500 333
      Lakefront Propt 21 $116,959,000 $5,569,476 $4,900,000 353
Sub Total 201 $310,318,598 $1,543,874 $678,000 242
New                
  RESIDENTIAL              
    Residential            
      Lower Kingsbury 1 $485,000 $485,000 $485,000 0
      Lake Village 1 $240,000 $240,000 $240,000 5
      Zephyr Heights/Knolls 1 $475,000 $475,000 $475,000 2
Sub Total 3 $1,200,000 $400,000 $475,000 2
Extended                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $297,500 $297,500 $297,500 538
      Round Hill 2 $1,223,999 $612,000 $612,000 51
      Zephyr Heights/Knolls 1 $699,000 $699,000 $699,000 154
Sub Total 4 $2,220,499 $555,125 $599,000 198
Price Reduced                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 6 $1,887,800 $314,633 $226,950 88
      Pinewild/Marla 2 $888,000 $444,000 $444,000 170
      Cave Rock 1 $265,000 $265,000 $265,000 37
      Glenbrk/Uppaway 1 $1,795,000 $1,795,000 $1,795,000 528
Sub Total 10 $4,835,800 $483,580 $334,450 143
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 3 $1,259,900 $419,967 $595,000 165
      Lower Kingsbury 2 $498,500 $249,250 $249,250 173
      Round Hill 1 $499,900 $499,900 $499,900 29
      Zephyr Heights/Knolls 1 $695,000 $695,000 $695,000 59
      Skyland/Tall Pn/Snug Harbor 1 $995,000 $995,000 $995,000 739
Sub Total 8 $3,948,300 $493,538 $547,450 208
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $229,000 $229,000 $229,000 16
      Upper Kingsbury 1 $399,000 $399,000 $399,000 47
      Mid Kingsbury 1 $1,095,000 $1,095,000 $1,095,000 110
Sub Total 3 $1,723,000 $574,333 $399,000 58
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 3 $502,400 $167,467 $122,500 155
      Upper Kingsbury 1 $2,100,000 $2,100,000 $2,100,000 404
      Lake Village 2 $599,400 $299,700 $299,700 717
      Round Hill 1 $249,000 $249,000 $249,000 46
      Zephyr Heights/Knolls 2 $2,109,000 $1,054,500 $1,054,500 382
      Cave Rock 2 $2,865,000 $1,432,500 $1,432,500 820
Sub Total 11 $8,424,800 $765,891 $349,500 432
SOLD                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 9 $1,864,500 $207,167 $190,000 270
      Upper Kingsbury 9 $3,380,800 $375,644 $395,000 134
      Mid Kingsbury 5 $2,370,000 $474,000 $482,000 189
      Lower Kingsbury 1 $316,000 $316,000 $316,000 60
      Lincoln Park 1 $450,000 $450,000 $450,000 174
      Lake Village 6 $1,578,400 $263,067 $266,250 111
      Round Hill 5 $3,339,000 $667,800 $449,000 237
      Pinewild/Marla 1 $475,000 $475,000 $475,000 401
      Zephyr Heights/Knolls 5 $3,434,000 $686,800 $725,000 291
      Zephyr Cove 1 $730,000 $730,000 $730,000 939
      Skyland/Tall Pn/Snug Harbor 4 $2,200,900 $550,225 $565,000 73
      Upper & Lower Lakeridge - LT 4 $3,386,000 $846,500 $808,000 235
      Cave Rock 1 $372,500 $372,500 $372,500 59
      Logan/Cedarbrok 1 $1,060,000 $1,060,000 $1,060,000 957
      Glenbrk/Uppaway 4 $10,975,000 $2,743,750 $2,025,000 371
      Lakefront Propt 2 $7,450,000 $3,725,000 $3,725,000 827
Sub Total 59 $43,382,100 $735,290 $459,000 252
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      Lake Village 1 $349,000 $349,000 $349,000 89
      Round Hill 1 $529,900 $529,900 $529,900 62
      Glenbrk/Uppaway 1 $500,000 $500,000 $500,000 47
Sub Total 3 $1,378,900 $459,633 $500,000 66

 

Lake Tahoe Weekly Real Estate Market Statistics For The East Shore Nevada

July 15, 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 Buyer activity did cool off this past week.  I like to track the most current buyer activity with the Market Activity Ratio.  This is the relationship between Active Listings and Pending Sales.  This past week the Market Activity Ratio did decrease from 11.8% to 10.3%.  This is the result of the Active listings increasing by 12 as the Pending Sales decreased by 1.  The number of Short Sales remained the same at 11 and it now represents 44% of the Pending Sales.

There was 1 new sale this past week for a YTD of $62 sales.  This was a home on lower Kingsbury Grade with a sales price of $316,000.  This decreased the 6 month Average Sales Price by 1.3% to $725,169. 

Status Class Type Area No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
                 
Active Listings 240 $432,990,775 $1,804,128 $649,000 240
Listings Under Contract 3 $1,098,800 $366,267 $349,000 65
Listings Sold 2010 62 $44,960,450 $725,169 $449,500 259
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 34 $10,370,700 $305,021 $259,700 269
      Upper Kingsbury 12 $8,357,400 $696,450 $547,000 200
      Mid Kingsbury 12 $15,378,500 $1,281,542 $598,000 122
      Lower Kingsbury 6 $8,728,500 $1,454,750 $1,372,500 231
      Lincoln Park 1 $1,695,000 $1,695,000 $1,695,000 620
      Kahle Park 2 $603,999 $302,000 $302,000 286
      Lake Village 14 $6,260,500 $447,179 $417,500 126
      Round Hill 17 $13,251,500 $779,500 $650,000 229
      Elk Point 2 $3,380,000 $1,690,000 $1,690,000 310
      Pinewild/Marla 11 $9,614,777 $874,071 $645,000 167
      Zephyr Heights/Knolls 14 $12,098,000 $864,143 $772,000 164
      Zephyr Cove 2 $1,610,000 $805,000 $805,000 228
      Skyland/Tall Pn/Snug Harbor 9 $7,892,000 $876,889 $669,000 183
      Hidden Woods 4 $7,220,000 $1,805,000 $1,797,500 285
      Upper & Lower Lakeridge - LT 4 $3,618,999 $904,750 $924,500 368
      Cave Rock 9 $12,531,000 $1,392,333 $725,000 126
      Logan/Cedarbrok 1 $3,995,000 $3,995,000 $3,995,000 1011
      Glenbrk/Uppaway 21 $61,851,500 $2,945,310 $2,295,000 335
      Lakefront Propt 22 $216,959,000 $9,861,773 $4,925,000 393
Sub Total 197 $405,416,375 $2,057,951 $690,500 246
New                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $175,000 $175,000 $175,000 1
      Upper Kingsbury 2 $1,115,000 $557,500 $557,500 5
      Mid Kingsbury 2 $1,904,000 $952,000 $952,000 6
      Lower Kingsbury 1 $639,000 $639,000 $639,000 157
      Lake Village 1 $559,000 $559,000 $559,000 5
      Pinewild/Marla 1 $599,000 $599,000 $599,000 0
      Zephyr Heights/Knolls 1 $1,695,000 $1,695,000 $1,695,000 1
Sub Total 9 $6,686,000 $742,889 $625,000 20
Extended                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $225,000 $225,000 $225,000 247
      Mid Kingsbury 1 $570,000 $570,000 $570,000 180
      Cave Rock 1 $695,000 $695,000 $695,000 363
Sub Total 3 $1,490,000 $496,667 $570,000 263
Price Raised                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $195,000 $195,000 $195,000 55
Sub Total 1 $195,000 $195,000 $195,000 55
Price Reduced                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $634,900 $317,450 $317,450 491
      Mid Kingsbury 1 $239,000 $239,000 $239,000 71
      Lower Kingsbury 1 $445,000 $445,000 $445,000 56
      Zephyr Heights/Knolls 2 $1,338,000 $669,000 $669,000 21
      Cave Rock 1 $955,000 $955,000 $955,000 80
      Glenbrk/Uppaway 1 $500,000 $500,000 $500,000 40
Sub Total 8 $4,111,900 $513,988 $474,950 159
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 3 $1,259,900 $419,967 $595,000 158
      Mid Kingsbury 1 $499,000 $499,000 $499,000 89
      Lower Kingsbury 1 $199,000 $199,000 $199,000 293
      Round Hill 1 $499,900 $499,900 $499,900 22
      Zephyr Heights/Knolls 1 $695,000 $695,000 $695,000 52
      Skyland/Tall Pn/Snug Harbor 2 $1,769,900 $884,950 $884,950 444
Sub Total 9 $4,922,700 $546,967 $595,000 202
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      Mid Kingsbury 1 $1,095,000 $1,095,000 $1,095,000 103
      Round Hill 1 $649,000 $649,000 $649,000 119
Sub Total 2 $1,744,000 $872,000 $872,000 111
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 3 $502,400 $167,467 $122,500 148
      Upper Kingsbury 1 $2,100,000 $2,100,000 $2,100,000 397
      Lake Village 2 $599,400 $299,700 $299,700 710
      Round Hill 1 $249,000 $249,000 $249,000 39
      Zephyr Heights/Knolls 2 $2,109,000 $1,054,500 $1,054,500 375
      Cave Rock 2 $2,865,000 $1,432,500 $1,432,500 813
Sub Total 11 $8,424,800 $765,891 $349,500 425
SOLD                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 10 $2,029,500 $202,950 $184,500 247
      Upper Kingsbury 8 $3,155,800 $394,475 $397,500 144
      Mid Kingsbury 5 $2,203,000 $440,600 $424,000 206
      Lower Kingsbury 2 $786,000 $393,000 $393,000 93
      Lincoln Park 1 $450,000 $450,000 $450,000 174
      Lake Village 7 $1,823,400 $260,486 $265,000 105
      Round Hill 6 $4,475,250 $745,875 $447,625 226
      Pinewild/Marla 1 $475,000 $475,000 $475,000 401
      Zephyr Heights/Knolls 6 $4,159,000 $693,167 $725,000 395
      Zephyr Cove 1 $730,000 $730,000 $730,000 939
      Skyland/Tall Pn/Snug Harbor 3 $1,430,000 $476,667 $555,000 45
      Upper & Lower Lakeridge - LT 4 $3,386,000 $846,500 $808,000 235
      Cave Rock 1 $372,500 $372,500 $372,500 59
      Logan/Cedarbrok 1 $1,060,000 $1,060,000 $1,060,000 957
      Glenbrk/Uppaway 4 $10,975,000 $2,743,750 $2,025,000 371
      Lakefront Propt 2 $7,450,000 $3,725,000 $3,725,000 827
Sub Total 62 $44,960,450 $725,169 $449,500 259
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      Upper Kingsbury 1 $219,900 $219,900 $219,900 57
      Lake Village 1 $349,000 $349,000 $349,000 82
      Round Hill 1 $529,900 $529,900 $529,900 55
Sub Total 3 $1,098,800 $366,267 $349,000 65

Lake Tahoe Weekly Real Estate Market Statistics For Nevada East Shore

July 9, 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 Buyer Activity was not as robust as last week but it remained consistent.  To track the most current Buyer Activity, I use the Market Activity Ratio which is the relationship between the Active listings and Pending sales.  This past week we saw the Market Activity Ratio slightly increase from 11.3% to 11.8%.  This was the result of the Active listings increaseing by 8 as the Pending sales increased by 1.  On a side note there are currently11 Pending Short Sales which is unchanged from last week and it now represents 42.3% of the Pending sales. 

There were 3 new sales this past week for a YTD of 61 sales.  These home sales include a home in the Mid Kingsbury area which sold for $580,000, the Zephyr Heights area which sold for $495,00 and a lake view home in Lakeridge which sold for $1,295,000.  This increased the 6 month average sales price by .5% to $735,008.  The average days on market is 268 days.

Status Class Type Area No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
                 
Active Listings 230 $427,849,375 $1,860,215 $672,000 245
Listings Under Contract 3 $1,098,800 $366,267 $349,000 59
Listings Sold 2010 58 $42,630,450 $735,008 $449,500 268
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 33 $10,350,050 $313,638 $269,000 302
      Upper Kingsbury 10 $7,363,400 $736,340 $566,750 229
      Mid Kingsbury 13 $9,857,500 $758,269 $547,000 125
      Lower Kingsbury 7 $9,197,500 $1,313,929 $995,000 200
      Lincoln Park 1 $1,695,000 $1,695,000 $1,695,000 614
      Kahle Park 2 $603,999 $302,000 $302,000 280
      Lake Village 12 $5,400,500 $450,042 $412,500 139
      Round Hill 15 $12,698,000 $846,533 $725,000 236
      Elk Point 1 $1,690,000 $1,690,000 $1,690,000 275
      Pinewild/Marla 10 $9,119,777 $911,978 $661,500 136
      Zephyr Heights/Knolls 16 $13,568,000 $848,000 $747,000 140
      Zephyr Cove 1 $510,000 $510,000 $510,000 79
      Skyland/Tall Pn/Snug Harbor 9 $7,917,000 $879,667 $669,000 177
      Hidden Woods 3 $6,220,000 $2,073,333 $2,595,000 339
      Upper & Lower Lakeridge - LT 4 $3,618,999 $904,750 $924,500 362
      Cave Rock 11 $14,266,000 $1,296,909 $725,000 137
      Logan/Cedarbrok 1 $3,995,000 $3,995,000 $3,995,000 1005
      Glenbrk/Uppaway 21 $61,851,500 $2,945,310 $2,295,000 329
      Lakefront Propt 20 $207,769,000 $10,388,450 $4,972,500 347
Sub Total 190 $387,691,225 $2,040,480 $697,000 242
New                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $383,900 $191,950 $191,950 3
      Upper Kingsbury 1 $595,000 $595,000 $595,000 7
      Mid Kingsbury 1 $6,350,000 $6,350,000 $6,350,000 2
      Round Hill 1 $189,000 $189,000 $189,000 2
Sub Total 5 $7,517,900 $1,503,580 $229,000 3
Back On Market                
  RESIDENTIAL              
    Residential            
      Hidden Woods 1 $1,000,000 $1,000,000 $1,000,000 97
Sub Total 1 $1,000,000 $1,000,000 $1,000,000 97
Extended                
  RESIDENTIAL              
    Residential            
      Round Hill 1 $399,000 $399,000 $399,000 247
      Zephyr Cove 1 $1,100,000 $1,100,000 $1,100,000 365
Sub Total 2 $1,499,000 $749,500 $749,500 306
Price Raised                
  RESIDENTIAL              
    Residential            
      Glenbrk/Uppaway 1 $2,000,000 $2,000,000 $2,000,000 34
      Lakefront Propt 1 $4,795,000 $4,795,000 $4,795,000 1530
Sub Total 2 $6,795,000 $3,397,500 $3,397,500 782
Price Reduced                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 3 $672,650 $224,217 $189,900 205
      Upper Kingsbury 1 $399,000 $399,000 $399,000 34
      Elk Point 1 $1,690,000 $1,690,000 $1,690,000 333
      Pinewild/Marla 1 $495,000 $495,000 $495,000 403
      Lakefront Propt 1 $4,395,000 $4,395,000 $4,395,000 38
Sub Total 7 $7,651,650 $1,093,093 $399,000 203
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $1,190,000 $595,000 $595,000 111
      Mid Kingsbury 1 $499,000 $499,000 $499,000 83
      Lower Kingsbury 2 $528,000 $264,000 $264,000 172
      Round Hill 1 $499,900 $499,900 $499,900 16
      Zephyr Heights/Knolls 1 $695,000 $695,000 $695,000 46
      Skyland/Tall Pn/Snug Harbor 2 $1,769,900 $884,950 $884,950 438
Sub Total 9 $5,181,800 $575,756 $595,000 176
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $189,000 $189,000 $189,000 49
      Mid Kingsbury 1 $1,095,000 $1,095,000 $1,095,000 97
      Round Hill 1 $649,000 $649,000 $649,000 113
Sub Total 3 $1,933,000 $644,333 $649,000 86
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $232,400 $116,200 $116,200 109
      Upper Kingsbury 1 $2,100,000 $2,100,000 $2,100,000 391
      Lake Village 2 $599,400 $299,700 $299,700 704
      Round Hill 2 $674,000 $337,000 $337,000 164
      Zephyr Heights/Knolls 2 $2,109,000 $1,054,500 $1,054,500 369
      Cave Rock 2 $2,865,000 $1,432,500 $1,432,500 807
Sub Total 11 $8,579,800 $779,982 $419,000 427
SOLD                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 10 $2,029,500 $202,950 $184,500 247
      Upper Kingsbury 8 $3,155,800 $394,475 $397,500 144
      Mid Kingsbury 4 $1,888,000 $472,000 $454,500 213
      Lincoln Park 1 $450,000 $450,000 $450,000 174
      Lake Village 7 $1,823,400 $260,486 $265,000 105
      Round Hill 5 $3,210,250 $642,050 $446,250 249
      Pinewild/Marla 1 $475,000 $475,000 $475,000 401
      Zephyr Heights/Knolls 6 $4,195,000 $699,167 $725,000 395
      Zephyr Cove 1 $730,000 $730,000 $730,000 939
      Skyland/Tall Pn/Snug Harbor 3 $1,430,000 $476,667 $555,000 45
      Upper & Lower Lakeridge - LT 4 $3,386,000 $846,500 $808,000 235
      Cave Rock 1 $372,500 $372,500 $372,500 59
      Logan/Cedarbrok 1 $1,060,000 $1,060,000 $1,060,000 957
      Glenbrk/Uppaway 4 $10,975,000 $2,743,750 $2,025,000 371
      Lakefront Propt 2 $7,450,000 $3,725,000 $3,725,000 827
Sub Total 58 $42,630,450 $735,008 $449,500 268
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      Upper Kingsbury 1 $219,900 $219,900 $219,900 51
      Lake Village 1 $349,000 $349,000 $349,000 76
      Round Hill 1 $529,900 $529,900 $529,900 49
Sub Total 3 $1,098,800 $366,267 $349,000 59

Lake Tahoe Weekly Real Estate Market Statistics For East Shore Nevada

July 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.

People are still in a buying mood!  To track the most current Buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week we saw the Market Activity Ratio increase from 8.8% to 11.3%.  This is a large jump that was the result of the Active Listings decreasing by 11 as the Pending sales increased by 5.  The number of short sales decreased by 2 for a total of 11 and it now represents only 44% of the Pending sales.

There were 2 new sales this past week for a YTD of 58 sales.  One was a condo on Tina Ct which sold for $86,000 and the other was on Lakeview with a Lake View in Zephyr Heights and sold for $965,000 in cash.  This did decrease the 6 month average sales price by 2.4% to $730,988.  The average days on market for sales is 274 days.

Status Class Type Area No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
                 
Active Listings 219 $411,920,924 $1,880,917 $675,000 238
Listings Under Contract 3 $1,098,800 $366,267 $349,000 52
Listings Sold 2010 58 $42,310,450 $729,491 $447,625 262
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 33 $10,027,150 $303,853 $259,500 260
      Upper Kingsbury 9 $6,634,400 $737,156 $419,000 173
      Mid Kingsbury 12 $9,726,500 $810,542 $609,500 121
      Lower Kingsbury 6 $6,637,000 $1,106,167 $977,000 176
      Kahle Park 1 $249,000 $249,000 $249,000 489
      Lake Village 10 $4,463,000 $446,300 $412,500 156
      Round Hill 16 $13,272,899 $829,556 $725,000 198
      Elk Point 2 $3,460,000 $1,730,000 $1,730,000 297
      Pinewild/Marla 11 $9,635,777 $875,980 $645,000 154
      Zephyr Heights/Knolls 13 $11,595,000 $891,923 $845,000 143
      Zephyr Cove 1 $510,000 $510,000 $510,000 72
      Skyland/Tall Pn/Snug Harbor 9 $7,642,000 $849,111 $669,000 215
      Hidden Woods 3 $6,220,000 $2,073,333 $2,595,000 332
      Upper & Lower Lakeridge - LT 3 $2,943,999 $981,333 $999,999 473
      Cave Rock 10 $13,541,000 $1,354,100 $867,500 129
      Logan/Cedarbrok 1 $3,995,000 $3,995,000 $3,995,000 998
      Glenbrk/Uppaway 21 $61,851,500 $2,945,310 $2,295,000 322
      Lakefront Propt 20 $207,773,000 $10,388,650 $4,972,500 342
Sub Total 181 $380,177,225 $2,100,427 $729,000 234
New                
  RESIDENTIAL              
    Residential            
      Mid Kingsbury 1 $995,000 $995,000 $995,000 4
      Zephyr Heights/Knolls 1 $675,000 $675,000 $675,000 1
Sub Total 2 $1,670,000 $835,000 $835,000 3
Extended                
  RESIDENTIAL              
    Residential            
      Upper Kingsbury 1 $649,000 $649,000 $649,000 689
      Lower Kingsbury 1 $2,900,000 $2,900,000 $2,900,000 416
      Lakefront Propt 1 $4,750,000 $4,750,000 $4,750,000 1523
Sub Total 3 $8,299,000 $2,766,333 $2,900,000 876
Price Raised                
  RESIDENTIAL              
    Residential            
      Glenbrk/Uppaway 1 $1,500,000 $1,500,000 $1,500,000 27
Sub Total 1 $1,500,000 $1,500,000 $1,500,000 27
Price Reduced                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $299,000 $299,000 $299,000 315
      Mid Kingsbury 2 $890,000 $445,000 $445,000 102
      Lower Kingsbury 1 $299,500 $299,500 $299,500 25
      Kahle Park 1 $354,999 $354,999 $354,999 57
      Lake Village 1 $308,500 $308,500 $308,500 30
      Round Hill 1 $650,000 $650,000 $650,000 339
      Zephyr Heights/Knolls 2 $1,348,000 $674,000 $674,000 136
      Cave Rock 1 $725,000 $725,000 $725,000 146
Sub Total 10 $4,874,999 $487,500 $445,000 139
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $1,190,000 $595,000 $595,000 104
      Mid Kingsbury 1 $499,000 $499,000 $499,000 76
      Lower Kingsbury 2 $528,000 $264,000 $264,000 165
      Zephyr Heights/Knolls 1 $695,000 $695,000 $695,000 39
      Skyland/Tall Pn/Snug Harbor 1 $774,900 $774,900 $774,900 143
Sub Total 7 $3,686,900 $526,700 $595,000 113
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 1 $189,000 $189,000 $189,000 42
      Round Hill 1 $649,000 $649,000 $649,000 106
      Upper & Lower Lakeridge - LT 1 $1,295,000 $1,295,000 $1,295,000 154
Sub Total 3 $2,133,000 $711,000 $649,000 101
Active/Pending-House                
  RESIDENTIAL              
    Residential            
      Hidden Woods 1 $1,000,000 $1,000,000 $1,000,000 90
Sub Total 1 $1,000,000 $1,000,000 $1,000,000 90
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 2 $232,400 $116,200 $116,200 102
      Upper Kingsbury 1 $2,100,000 $2,100,000 $2,100,000 384
      Lake Village 2 $599,400 $299,700 $299,700 697
      Round Hill 2 $674,000 $337,000 $337,000 157
      Zephyr Heights/Knolls 2 $2,109,000 $1,054,500 $1,054,500 362
      Cave Rock 2 $2,865,000 $1,432,500 $1,432,500 800
Sub Total 11 $8,579,800 $779,982 $419,000 420
SOLD                
  RESIDENTIAL              
    Residential            
      Summit/Tahoe VL 11 $2,149,300 $195,391 $179,000 228
      Upper Kingsbury 8 $3,155,800 $394,475 $397,500 144
      Mid Kingsbury 5 $2,033,000 $406,600 $410,000 206
      Lower Kingsbury 1 $470,000 $470,000 $470,000 125
      Lincoln Park 1 $450,000 $450,000 $450,000 174
      Lake Village 7 $1,823,400 $260,486 $265,000 105
      Round Hill 7 $6,225,250 $889,321 $449,000 242
      Pinewild/Marla 1 $475,000 $475,000 $475,000 401
      Zephyr Heights/Knolls 5 $3,700,000 $740,000 $725,000 438
      Zephyr Cove 1 $730,000 $730,000 $730,000 939
      Skyland/Tall Pn/Snug Harbor 3 $1,430,000 $476,667 $555,000 45
      Upper & Lower Lakeridge - LT 3 $2,091,000 $697,000 $767,000 262
      Cave Rock 1 $372,500 $372,500 $372,500 59
      Logan/Cedarbrok 1 $1,060,000 $1,060,000 $1,060,000 957
      Glenbrk/Uppaway 4 $10,975,000 $2,743,750 $2,025,000 371
      Lakefront Propt 2 $7,450,000 $3,725,000 $3,725,000 827
Sub Total 61 $44,590,250 $730,988 $446,250 263
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      Upper Kingsbury 1 $219,900 $219,900 $219,900 44
      Lake Village 1 $349,000 $349,000 $349,000 69
      Round Hill 1 $529,900 $529,900 $529,900 42
Sub Total 3 $1,098,800 $366,267 $349,000 52

Next Page »