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.

Inventory slightly outpaced Buyers this past week as we close in on the busy summer season.  I like to track current buyer activity with the Market Activity Ratio which is the relationship between Active Listings and Pending Sales.  This past week we saw that slightly dip from 24.2% to 23.9%.  This was the result of the Pending Sales remaining the same as Active listings increased by 7.  There are currently 53 pending short sales and 21 REO pending sales which represent 67.9% of the Pending escrows.  Short Sales represents 18.5% of what has closed escrow this year.  The majority of escrows are in the price bracket of $200K and $300K.

There were 10 new sales for a YTD of 92 sales.  Half of these sales were above $500,000 with a low of $180,000 and a high of $912,500.  Three of the sales in the higher bracket were in the Tahoe Keys and one was on Ojibwa St.  This brought the 6 month Average Sales Price up by .5% to $394,673.

Listings per Status

Area Market Survey

Listings as of 03/17/10 at 7:18pm

Active Listing Price Range  Quantity      Average DOM   $120,000 thru $139,999 3 246   $140,000 thru $159,999 4 103   $160,000 thru $179,999 6 98   $180,000 thru $199,999 9 163   $200,000 thru $249,999 31 113   $250,000 thru $299,999 53 194   $300,000 thru $349,999 36 137   $350,000 thru $399,999 38 179   $400,000 thru $449,999 16 162   $450,000 thru $499,999 23 206   $500,000 thru $549,999 18 175   $550,000 thru $599,999 26 166   $600,000 thru $649,999 6 196   $650,000 thru $699,999 12 139   $700,000 thru $749,999 14 144   $750,000 thru $799,999 6 143   $800,000 thru $849,999 3 277   $850,000 thru $899,999 6 207   $900,000 thru $949,999 1 457   $950,000 thru $999,999 10 284   $1,000,000 thru $1,249,999 6 342   $1,250,000 thru $1,499,999 8 141   $1,500,000 thru $1,749,999 5 166   $1,750,000 thru $1,999,999 9 261   $2,000,000 thru $2,249,999 1 499   $2,250,000 thru $2,499,999 2 432   $4,250,000 thru $4,499,999 1 596   $4,500,000 thru $4,749,999 2 144   $5,000,000 thru $5,999,999 1 1344   $10,000,000 or more 1 90     357 181

Summary Price Information Minimum  $126,000 Maximum  $12,900,000 Average  $623,908 Median  $399,900

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2010 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 03/17/10 at 7:18pm

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 26   $140,000 thru $159,999 1 71   $160,000 thru $179,999 3 230   $180,000 thru $199,999 10 169   $200,000 thru $249,999 17 101   $250,000 thru $299,999 14 166   $300,000 thru $349,999 13 110   $350,000 thru $399,999 8 167   $400,000 thru $449,999 6 231   $450,000 thru $499,999 10 148   $500,000 thru $549,999 6 225   $550,000 thru $599,999 2 28   $600,000 thru $649,999 3 250   $650,000 thru $699,999 5 180   $700,000 thru $749,999 4 167   $750,000 thru $799,999 1 988   $800,000 thru $849,999 1 670   $850,000 thru $899,999 2 238   $900,000 thru $949,999 1 15   $950,000 thru $999,999 1 677   $1,000,000 thru $1,249,999 3 294     112 175

Summary Price Information Minimum  $99,000 Maximum  $1,195,000 Average  $416,198 Median  $349,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $70,000 thru $79,999 1 82   $80,000 thru $89,999 3 97   $100,000 thru $119,999 1 38   $120,000 thru $139,999 6 206   $140,000 thru $159,999 9 102   $160,000 thru $179,999 5 103   $180,000 thru $199,999 12 98   $200,000 thru $249,999 47 117   $250,000 thru $299,999 47 137   $300,000 thru $349,999 31 139   $350,000 thru $399,999 27 184   $400,000 thru $449,999 17 201   $450,000 thru $499,999 14 256   $500,000 thru $549,999 11 153   $550,000 thru $599,999 14 195   $600,000 thru $649,999 10 207   $650,000 thru $699,999 12 180   $700,000 thru $749,999 2 83   $750,000 thru $799,999 4 294   $850,000 thru $899,999 1 439   $900,000 thru $949,999 2 374   $950,000 thru $999,999 1 1   $1,000,000 thru $1,249,999 2 217   $1,250,000 thru $1,499,999 2 269   $1,500,000 thru $1,749,999 2 71   $2,500,000 thru $2,749,999 1 496   $3,000,000 thru $3,249,999 1 117     286 159

Summary Price Information Minimum  $67,000 Maximum  $3,200,000 Average  $395,083 Median  $314,500

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2010 Rapattoni Corporation. All rights reserved.