South Lake Tahoe Weekly Real Estate Market Statistics

As of July 29th, 2009, I began adding Condos to the market statistics.  What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos.  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 a slight increase in the Buyer activity.  This is evident from the Market Activity Ratio which is the relationship between the Active Listings (Inventory) and the Pending Sales (Escrows).  This is a trend that I track for current Buyer activity.  This past week we saw the Market Activity Ratio increase from 19.9% to 20.4%.  This is the result of the Active Listings decreasing by 8 and the Pending Sales increasing by 1.

This past week there were 9 new sales for a YTD total of 30.  This increased the 6 month average slightly from $405,371 to $405,958.  The average Days On Market is 158 days.  All of the sales were below $352,000 with two sales above that which occurred at $480,000 and $595,000.

Listings per Status