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 the Buyer activity decrease.  To track this 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 20.4% to 17.5%.  This is the result of the Active Listings jumping up by 16 and the Pending Sales dropping by 12.  The percentage of Pending Sales that are Bank Owned and Short Sales is now 75% of the escrows.

This past week there were 12 new sales and the YTD total is 43 sales.  The 6 month Average Sales Price is now $400,584 which is a 1.3% decrease from last week.  The Average Days On market is 158 days.  All of the sales this past week did sell at prices below $350,000 with the exception of 2 sales at $580,000 in the Tahoe Keys and $775,000 in Montgomery Estates.

Listings per Status