Lake Tahoe Weekly Real Estate Market Update for the Nevada East Shore 2/3/12
February 3, 2012
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’s been a surge of activity in Nevada! To measure the most current buyer activity, I use the Market Activity Ratio, which is the relationship between Active listings and Pending sales. This past week the Market Activity Ratio had increased from 14.8% to 16.8%. This is the result of the Active listings remaining the same as the Pending sales increased by 4. The distress sales (Short sales and Bank Owned Foreclosures) continue to impact the market as it now represents 14.6% of the Active inventory and 89.7% of the Pending sales.
This past week there were 2 new sales for a YTD total of 9 sales. These sales were a condo on Tramway for $115,400 and a home on Alma for $950,000. This has decreased the 6 month average by 1.4% to $686,492. The average days on market are 178 days.
Lake Tahoe Weekly Real Estate Market Update for the Nevada East Shore 1/27/12
January 27, 2012
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 buyers on the Nevada side have mostly been attracted to the distress sales. To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales. This is the result of the Active listings increasing by 1 as the pending sales remained the same. This distress sales (short sales and bank owned foreclosures) continue to impact the market as it now represents 17.4% of the Active listings and 92% of the Pending sales.
There were 3 new sales this past week for a YTD total of 7 sales. These sales were a condo on Tramway for $96,000, Ute Way for $480,000 and North Martin on $262,500. This decreased the 6 month average sales price by 8% to $676,885. The average days on market are 199 days.
Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 1/20/12
January 20, 2012
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 has been a small surge in sales this past week. To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales. This past week the market activity ratio increased from 12.7% to 14.9%. This is the result of the active listings decreasing by 2 as the pending sales increased by 4. The distress sales (short sales and bank owned foreclosures) continue to impact the market as it now represents 15.4% of the available inventory and 76% of the pending sales.
This past week there was 1 new sale for a YTD total of 4 sales. This sale was on top of Kingsbury Grade on Andria for $285,000. This decreased the 6 month average sales price by 7.3% to $735,715. The average days on market are 203 days.
Lake Tahoe Weekly Real Estate Market Update for East Shore of Nevada 1/13/12
January 13, 2012
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 is moving at a slower pace. To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active Listings and Pending sales. This past week the Market Activity Ratio decreased from 14.1% to 12.7%. This is the result of the Active listings decreasing by 1 as the Pending sales decreased by 3. The distress sales (Short Sales and Bank Owned Foreclosures) continue to impact the market as it now represents 15.2% of the Active inventory and 95.2% of the Pending sales.
This past week there were 2 new sales for a YTD of 2 sales. The sales were a condo on Tramway for $75,000 and a home on Ute Ct for $350,000. This decreased the 6 month average sales price by 2.9% to $793,259. The average days on market are 204 days.
Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 1/6/12
January 6, 2012
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 seems to be an uptick in activity on the Nevada side. To measure the most current buyer activity, I use the Market Activity Ratio, which is the relationship between Active listings and Pending sales. This past week the Market Activity Ratio had increased from 12.9% to 14.1%. This is the result of Active listings decreasing by 3 as the Pending sales increased by 2. The distress sales (short sales and bank owned foreclosures) continue to impact the market as it now represents 15.8% of the Active listings and 79.2% of the Pending sales.
There was 1 new sale this past week. Because this was in December the number of sales for 2012 is zero. The sale this past week was on Chimney Rock for $510,000. The 6 month average sales price did not change as it remained at $816,533. The average days on market are 204 days.
