Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore 12/30/11

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 bright spot for the Nevada East Shore this year has been the surge in lakefront 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 past week the market activity ratio had decreased from 14.4% to 12.9%.  This is the result of the Active listings decreasing by 6 as the Pending sales decreased by 4.  The distress sales (short sales and bank owned foreclosures) continues to impact the market as it now represents 14.1% of the Active inventory and 77.3% of the Pending sales. 

This past week there were 2 new sales for a YTD of 135 sales.  These sales were on Chimney Rock Dr for $575,000 and Lake Village condo for $245,000.  This decreased the 6 month average sales price by 1.3% to $816,533.  The average days on market are 204 days.  Compared to 2010 the units sold is down by approximately 6.9% or 5 less units sold.  Whereas the 6 month average sales comparison is up by 14.1%.

Lake Tahoe Weekly Real Estate Market Update for the Nevada East Shore 12/16/11

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 remaining strong as we push to the end of the year.  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 slightly from 14.6% to 14.8%.  This is the result of Active listings decreasing by 3 as the Pending sales increased by 1.  The distress sales ( Short sales and bank owned foreclosures) continues to impact the market which represents 14.8% of the Active inventory and 53.8% of the pending sales. 

There were 3 new sales for a YTD of 129 sales.  These sales were a condo on Tina Ct for $115,000,  another condo on 331 Tramway for $78,000 and Chimney Rock for $1,050,000.  The 6 month average sales price decreased by 7.8% to $827,313.  The average days on market are 208 days.

Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore

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 benefiting the from the lack of snow as well.  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 we saw the market activity ratio decrease from 14.5% to 13.7%.  This is the result of the Active listings decreasing by 7 as the pending sales increased by 1.  The distress sales (short sales and bank owned foreclosures) continue to impact the market as it now represents 14.6% of the Active listings and 56% of the Pending sales.

This past week there were 2 new sales for a YTD total of 126 sales.  The sales wereon Freel for $550,000 and Skyland Dr for $556,000.  The 6 month average sales price decreased significantly in the past 3 weeks by 15.3% to $897,461.  The average days on market are 197 days.

Lake Tahoe Weekly Real Estate Market Update For The East Shore In Nevada 11/18/11

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 side is also benefiting from an active 4th Quarter as it surged 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 had increased from 11% to 14.5%.  This is the result of the active inventory decreasing by 5 as the pending sales increased by 3.  The distress sales (short sales and bank owned foreclosures) continue to impact the market which now represents 13.3% of the active inventory and 62.5% of the pending sales.

This past week there was 1 new sale for a YTD of 118 sales.  The one sale was a condo on Tramway for $61,500.  Oddly enough the data shows the 6 month average sales price increasing by .3% to $1,060,198.  The average days on market are 188 days.

Lake Tahoe Weekly Real Estate Market Update for East Shore Nevada 11/11/11

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 saw an uptick 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 9% to 11%. 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) is impacting the market more as it now represents 13.5% of the Active inventory and 61.9% of the Pending sales.

There was 1 new sales this past week for a YTD of 117 sales.  This sale was a townhome on So. Benjamin for $215,000.  This decreased the 6 month average sales price by .9% to $1,056,763.  The average days on market are 190 days.

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