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

The Tahoe market holds steady as the Buyer activity remains consistent!  To track 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 we saw the Market Activity Ratio decrease slightly from 24.2% to 23.9%.  This was the result of the increasing by 12 as the Pending sales increased by 2.  It is interesting to note that there are now 21 REO’s or bank owned pending sales and 53 pending short sales which represents 66.7% of all of the Pending Sales.

There were 6 new sales this past week for a YTD of 123 sales.  Most of the sales were below $457,000 and one above that for $677,000.  This increased the 6 month Average Sales Price by .6% to $399,312.  The average Days On Market is 158 days. 

Listings per Status

Area Market Survey

Listings as of 04/08/10 at 9:17am

Active Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 244   $120,000 thru $139,999 1 364   $140,000 thru $159,999 5 105   $160,000 thru $179,999 5 89   $180,000 thru $199,999 12 123   $200,000 thru $249,999 28 129   $250,000 thru $299,999 49 215   $300,000 thru $349,999 36 136   $350,000 thru $399,999 31 181   $400,000 thru $449,999 22 145   $450,000 thru $499,999 22 213   $500,000 thru $549,999 18 191   $550,000 thru $599,999 27 151   $600,000 thru $649,999 9 150   $650,000 thru $699,999 11 166   $700,000 thru $749,999 16 175   $750,000 thru $799,999 8 147   $800,000 thru $849,999 2 424   $850,000 thru $899,999 7 182   $900,000 thru $949,999 3 255   $950,000 thru $999,999 5 447   $1,000,000 thru $1,249,999 7 336   $1,250,000 thru $1,499,999 7 162   $1,500,000 thru $1,749,999 5 188   $1,750,000 thru $1,999,999 9 274   $2,000,000 thru $2,249,999 3 192   $2,250,000 thru $2,499,999 3 312   $2,500,000 thru $2,749,999 2 28   $4,000,000 thru $4,249,999 1 18   $4,250,000 thru $4,499,999 2 414   $4,500,000 thru $4,749,999 1 123   $5,000,000 thru $5,999,999 1 1366   $10,000,000 or more 1 112     360 184

Summary Price Information Minimum  $99,000 Maximum  $12,900,000 Average  $661,312 Median  $429,000

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 04/08/10 at 9:17am

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 48   $120,000 thru $139,999 1 13   $140,000 thru $159,999 2 49   $160,000 thru $179,999 6 159   $180,000 thru $199,999 8 201   $200,000 thru $249,999 18 103   $250,000 thru $299,999 17 190   $300,000 thru $349,999 14 132   $350,000 thru $399,999 9 170   $400,000 thru $449,999 5 214   $450,000 thru $499,999 5 240   $500,000 thru $549,999 5 222   $550,000 thru $599,999 4 134   $600,000 thru $649,999 2 358   $650,000 thru $699,999 6 159   $700,000 thru $749,999 2 91   $750,000 thru $799,999 1 1010   $850,000 thru $899,999 2 67   $900,000 thru $949,999 1 37   $950,000 thru $999,999 1 699   $1,000,000 thru $1,249,999 3 316     113 175

Summary Price Information Minimum  $99,000 Maximum  $1,195,000 Average  $392,680 Median  $310,000

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 4 269   $140,000 thru $159,999 9 101   $160,000 thru $179,999 6 95   $180,000 thru $199,999 10 110   $200,000 thru $249,999 42 114   $250,000 thru $299,999 40 144   $300,000 thru $349,999 30 139   $350,000 thru $399,999 29 171   $400,000 thru $449,999 19 215   $450,000 thru $499,999 13 195   $500,000 thru $549,999 7 176   $550,000 thru $599,999 11 185   $600,000 thru $649,999 7 192   $650,000 thru $699,999 13 137   $700,000 thru $749,999 2 67   $750,000 thru $799,999 5 372   $800,000 thru $849,999 1 393   $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 1 312   $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     265 158

Summary Price Information Minimum  $67,000 Maximum  $3,200,000 Average  $399,312 Median  $319,000

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.