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South Lake Tahoe Weekly Real Estate Market Statistics

April 30, 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.

The market is showing amazing consistency!  To track the pulse of the buying activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week we saw the Market Activity Ratio remain about the same as it dipped slightly from 21.6% to 21.3%.  This is the result of the Active listings increasing by 7 as the Pending sales remained the same.  It’s interesting to note that the number of pending bank owned properties is now at 14 sales and the short sales are at 50.  Together these distress sales represent 59.3% of the Pending sales.

There were a whopping 11 new sales this past week for a YTD of 155 sales.  Half of the sales prices were below 300,000 and at the top were two sales above a million and in the Tahoe Keys for $1,120,000 and $1,400,000.  This increased the 6 month Average Sales price by 2.9% to $403,629.  The average days on market for the sales this year is 157 days.

Listings per Status

 

Area Market Survey

 
Listings as of 04/30/10 at 8:50am

Active
Listing Price Range  Quantity      Average DOM  
$90,000 thru $99,999 2 134  
$120,000 thru $139,999 3 241  
$140,000 thru $159,999 7 69  
$160,000 thru $179,999 11 63  
$180,000 thru $199,999 13 170  
$200,000 thru $249,999 26 194  
$250,000 thru $299,999 53 183  
$300,000 thru $349,999 41 125  
$350,000 thru $399,999 34 177  
$400,000 thru $449,999 28 108  
$450,000 thru $499,999 29 206  
$500,000 thru $549,999 22 168  
$550,000 thru $599,999 25 186  
$600,000 thru $649,999 12 152  
$650,000 thru $699,999 9 151  
$700,000 thru $749,999 14 204  
$750,000 thru $799,999 8 170  
$800,000 thru $849,999 4 229  
$850,000 thru $899,999 7 129  
$900,000 thru $949,999 3 277  
$950,000 thru $999,999 7 350  
$1,000,000 thru $1,249,999 9 252  
$1,250,000 thru $1,499,999 5 143  
$1,500,000 thru $1,749,999 6 177  
$1,750,000 thru $1,999,999 7 318  
$2,000,000 thru $2,249,999 2 50  
$2,250,000 thru $2,499,999 4 253  
$2,500,000 thru $2,749,999 2 50  
$3,750,000 thru $3,999,999 1 3  
$4,000,000 thru $4,249,999 2 93  
$4,250,000 thru $4,499,999 1 640  
$4,750,000 thru $4,999,999 1 1388  
$10,000,000 or more 1 134  
  399 175  
 
Summary Price Information
Minimum  $99,000 Maximum  $12,900,000
Average  $626,764 Median  $425,000
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 04/30/10 at 8:50am

Pending
Listing Price Range  Quantity      Average DOM  
$90,000 thru $99,999 1 70  
$140,000 thru $159,999 3 90  
$160,000 thru $179,999 3 219  
$180,000 thru $199,999 8 130  
$200,000 thru $249,999 16 114  
$250,000 thru $299,999 17 191  
$300,000 thru $349,999 14 141  
$350,000 thru $399,999 10 191  
$400,000 thru $449,999 3 72  
$450,000 thru $499,999 6 182  
$500,000 thru $549,999 3 185  
$550,000 thru $599,999 4 291  
$600,000 thru $649,999 1 525  
$650,000 thru $699,999 4 71  
$700,000 thru $749,999 3 220  
$750,000 thru $799,999 3 414  
$850,000 thru $899,999 2 89  
$900,000 thru $949,999 1 59  
$950,000 thru $999,999 1 721  
$1,000,000 thru $1,249,999 3 216  
$1,250,000 thru $1,499,999 1 371  
$4,250,000 thru $4,499,999 1 231  
  108 175  
 
Summary Price Information
Minimum  $99,000 Maximum  $4,250,000
Average  $448,762 Median  $327,000

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 2 106  
$100,000 thru $119,999 1 38  
$120,000 thru $139,999 4 269  
$140,000 thru $159,999 10 93  
$160,000 thru $179,999 10 102  
$180,000 thru $199,999 11 110  
$200,000 thru $249,999 40 111  
$250,000 thru $299,999 36 142  
$300,000 thru $349,999 28 149  
$350,000 thru $399,999 27 186  
$400,000 thru $449,999 17 227  
$450,000 thru $499,999 16 200  
$500,000 thru $549,999 7 129  
$550,000 thru $599,999 11 184  
$600,000 thru $649,999 8 210  
$650,000 thru $699,999 10 131  
$700,000 thru $749,999 3 67  
$750,000 thru $799,999 4 358  
$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 3 330  
$1,250,000 thru $1,499,999 2 295  
$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  
  261 161  
 
Summary Price Information
Minimum  $67,000 Maximum  $3,200,000
Average  $403,629 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.

Written by admin · Filed Under Weekly Statistics for CA 
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