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South Lake Tahoe Weekly Real Estate Market Statistics

April 22, 2010

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.

We know summer is drawing near when the inventory begins to grow!  For the first time this year, the Buyer Activity is showing a sign that it is being outpaced by a sharp rise in inventory.  To track the most current Buyer activity in the real estate market, I track the Market Activity Ratio which is the relationship between Active Listings and Pending Sales.  This past week we saw the Market Activity Ratio decrease from 22.9% to 21.6% which is the result of the Active Listings increasing by 25 as the Pending Sales decreased by 1.  The number of Pending Short Sales is now at 16.

There were 6 new sales this past week for a YTD of 144 sales.  The majority of the sales occurred below $400,000 with two sales above that with prices at $467,000 and $550,000.  This did bring the 6 month Average Sales Price down by .5% to $392,372.  The Average Days on market is 153 days.

Listings per Status

Area Market Survey
Listings as of 04/22/10 at 7:49pm

Active
Listing Price Range  Quantity      Average DOM  
$90,000 thru $99,999 1 258  
$120,000 thru $139,999 2 350  
$140,000 thru $159,999 5 87  
$160,000 thru $179,999 10 61  
$180,000 thru $199,999 12 174  
$200,000 thru $249,999 30 168  
$250,000 thru $299,999 50 185  
$300,000 thru $349,999 39 128  
$350,000 thru $399,999 34 184  
$400,000 thru $449,999 27 101  
$450,000 thru $499,999 28 207  
$500,000 thru $549,999 18 194  
$550,000 thru $599,999 26 159  
$600,000 thru $649,999 11 102  
$650,000 thru $699,999 11 209  
$700,000 thru $749,999 14 197  
$750,000 thru $799,999 10 129  
$800,000 thru $849,999 3 294  
$850,000 thru $899,999 8 173  
$900,000 thru $949,999 3 269  
$950,000 thru $999,999 6 385  
$1,000,000 thru $1,249,999 9 254  
$1,250,000 thru $1,499,999 7 176  
$1,500,000 thru $1,749,999 6 169  
$1,750,000 thru $1,999,999 8 289  
$2,000,000 thru $2,249,999 3 206  
$2,250,000 thru $2,499,999 4 245  
$2,500,000 thru $2,749,999 2 42  
$4,000,000 thru $4,249,999 2 85  
$4,250,000 thru $4,499,999 1 632  
$5,000,000 thru $5,999,999 1 1380  
$10,000,000 or more 1 126  
  392 177  
 
Summary Price Information
Minimum  $99,000 Maximum  $12,900,000
Average  $639,275 Median  $429,750
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 04/22/10 at 7:49pm

Pending
Listing Price Range  Quantity      Average DOM  
$90,000 thru $99,999 1 62  
$140,000 thru $159,999 3 82  
$160,000 thru $179,999 4 223  
$180,000 thru $199,999 8 125  
$200,000 thru $249,999 14 114  
$250,000 thru $299,999 18 179  
$300,000 thru $349,999 16 122  
$350,000 thru $399,999 8 172  
$400,000 thru $449,999 3 90  
$450,000 thru $499,999 5 188  
$500,000 thru $549,999 4 145  
$550,000 thru $599,999 4 283  
$600,000 thru $649,999 1 517  
$650,000 thru $699,999 5 118  
$700,000 thru $749,999 2 140  
$750,000 thru $799,999 1 1024  
$850,000 thru $899,999 2 81  
$900,000 thru $949,999 1 51  
$950,000 thru $999,999 1 713  
$1,000,000 thru $1,249,999 4 294  
$1,750,000 thru $1,999,999 1 276  
$4,250,000 thru $4,499,999 1 223  
  107 171  
 
Summary Price Information
Minimum  $99,000 Maximum  $4,250,000
Average  $450,118 Median  $320,000

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 8 213  
$140,000 thru $159,999 14 97  
$160,000 thru $179,999 16 103  
$180,000 thru $199,999 22 133  
$200,000 thru $249,999 82 127  
$250,000 thru $299,999 95 145  
$300,000 thru $349,999 62 139  
$350,000 thru $399,999 53 177  
$400,000 thru $449,999 30 199  
$450,000 thru $499,999 32 198  
$500,000 thru $549,999 18 214  
$550,000 thru $599,999 22 177  
$600,000 thru $649,999 15 218  
$650,000 thru $699,999 17 154  
$700,000 thru $749,999 7 99  
$750,000 thru $799,999 8 285  
$800,000 thru $849,999 3 250  
$850,000 thru $899,999 2 432  
$900,000 thru $949,999 5 284  
$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 3 52  
$2,500,000 thru $2,749,999 1 496  
$2,750,000 thru $2,999,999 1 130  
$3,000,000 thru $3,249,999 1 117  
  528 159  
 
Summary Price Information
Minimum  $67,000 Maximum  $3,200,000
Average  $387,189 Median  $314,000
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.

Written by admin · Filed Under Weekly Statistics for CA 
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