Lake Tahoe Weekly Real Estate Market Statistics For Nevada East Shore 9/30/11

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 Nevada side is seeing a strong end to the summer season.  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 was steady at 14%.  This is the result of the Active listings decreasing by 5 as the Pending sales decreased by 1.  The distress sales continue to impact the market and it represents 10.2% of the Active inventory and 31.3% of the Pending sales.

This past week there were 3 new sales for a YTD of 90 sales.  These sales were on Thomas Dr for $650,000, Deer Cliff Dr for $535,000 and Myron Dr for $850,000.  This decreased the 6 month average sales price by 1.2% to $1,113,257.  The average days on market are 209 days.

Lake Tahoe Real Estate Market Update For Nevada East Shore 9/16/11

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.

Buyers are taking advantage of recent price reductions as sellers become more anxious with the weather change.  To measure that 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 did increase from 12.4% to 14.1%.  This is the result of the Active listings decreasing by 3 as the pending sales increased by 4.  The distress sales (short sales and bank owned foreclosures) now represents 9.5% of the active inventory and 39.4% of the pending sales. 

This past week there was 1 new sale for a YTD of 84 sales.  This sale was a condo on Orion with a partial lake view and it sold for $270,000.  This resulted in an increase in the 6 month average sales price by 2% to $1,100,120.  The average days on market are 200 days.

Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 9/8/11

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 east shore market is showing steady sales.  To measure the most current market activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week it did decrease from 13.2% to 12.4%.  This is the result of the Active listings increasing by 6 as the pending sales decreased by 1.  The distress sales (short sales and bank owned foreclosures) continues to impact the market which represents 7.8% of the active inventory and 41.4% of the pending sales.

This past week there were 2 new sales for a YTD of 83 sales.  These sales were a condo on Quaking Aspen for $215,000 and a home on Hillcrest for $1,265,000.  This decreased the 6 month average sales price by 7.3% to $1,078,455.  The average days on market are 197 days.

Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 9/2/11

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 inventory is diminishing as we approach winter and the buyers are showing interest.  To measure 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 the market activity ratio increased from 11% to 13.2%.  This is the result of the Active listings decreasing by 5 as the Pending sales increased by 5.  The distress sales (short sales and bank owned) has decreased to 8.1% and the Pending sales has also decreased to 40%.

This past week there were 2 new sales for a YTD of 81 sales.  These sales were a lake view condo in Cave Rock for $225,000 and a lake view home on Hillcrest for $1,265,000.  This increased the 6 month average sales price by 19.2% to $1,163,484.  The average days on market are 200 days.

Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 8/19/11

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.

There has been a spike in activity the past couple of weeks.  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 10% to 11.3%.  This is the result of the Active listings decreasing by 4 as the Pending sales increased by 3.  The distress sales (short sales and bank owned properties) comprise 9.8% of the Active inventory and 34.6% of the pending sales.

This past week there were 2 new sales for a YTD of 74 sales.  These sales were on Quaking Aspen for $269,000 and Deer Cliff Dr for $525,300.  This decreased the 6 month average sales price by 2.7% to $1,229,949.  The average days on market are 230 days.

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