South Lake Tahoe Weekly Real Estate Market Statistics

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.

After a spike in the buyer activity, the market settled a little this past week.  To track the Buyer activity, I use the Market Activity Ratio which is the relationship between Active Listings and Pending Sales.  This past week it slightly dipped from a robust 23.2% to 22.4%.  This is the result of the inventory increasing by 11 as the pending sales decreased by 2.

This past week we there were 7 new sales for a YTD of 61.  The increased the 6 month Average Sales Price by 1.9%.  The Average Days on Market is 179 days.  Four of the Seven sales occurred above $400,000 with the top sale of $925,000 which was a Lake View rebuild on top of Saddle.  All but one of these sales was either a short sale or a bank owned property.

Listings per Status