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South Lake Tahoe Weekly Real Estate Market Statistics

May 14, 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 late spring snow storm did not deterr the buying activity.  To track the most current buyer 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 very slightly dip from 22.7% to 22.2%.  This is the result of the Active listings increasing by 10 as the Pending Sales remained the same.  It is interesting to note that the number of Pending REO’s is now at 18 and the Short Sales are at 54 which represents 61.5% of the Pending Sales.

This past week we saw 12 new sales for a YTD of 176 sales.  There were 5 sales at $400,000 and below. Then there were 3 other sales above that at $630,000, $699,000 and $3,525,000.  The later being a lake front property in the Tahoe Keys.  This increased the 6 month average by 3.7% which erased last weeks loss to $404,907.  The Average days on market for these sales is 253.

Listings per Status

Area Market Survey
Listings as of 05/14/10 at 12:23pm

Active
Listing Price Range  Quantity      Average DOM  
$90,000 thru $99,999 2 148  
$100,000 thru $119,999 1 21  
$120,000 thru $139,999 3 249  
$140,000 thru $159,999 7 77  
$160,000 thru $179,999 8 99  
$180,000 thru $199,999 10 168  
$200,000 thru $249,999 23 172  
$250,000 thru $299,999 53 166  
$300,000 thru $349,999 47 132  
$350,000 thru $399,999 38 153  
$400,000 thru $449,999 27 124  
$450,000 thru $499,999 37 189  
$500,000 thru $549,999 21 145  
$550,000 thru $599,999 28 183  
$600,000 thru $649,999 12 157  
$650,000 thru $699,999 10 162  
$700,000 thru $749,999 11 197  
$750,000 thru $799,999 11 137  
$800,000 thru $849,999 2 421  
$850,000 thru $899,999 5 72  
$900,000 thru $949,999 2 390  
$950,000 thru $999,999 8 307  
$1,000,000 thru $1,249,999 10 269  
$1,250,000 thru $1,499,999 5 100  
$1,500,000 thru $1,749,999 5 224  
$1,750,000 thru $1,999,999 6 311  
$2,000,000 thru $2,249,999 2 64  
$2,250,000 thru $2,499,999 4 267  
$2,500,000 thru $2,749,999 2 64  
$3,750,000 thru $3,999,999 1 17  
$4,000,000 thru $4,249,999 2 107  
$4,250,000 thru $4,499,999 1 654  
$4,750,000 thru $4,999,999 1 1402  
$10,000,000 or more 1 148  
  406 170  
 
Summary Price Information
Minimum  $99,000 Maximum  $12,900,000
Average  $619,458 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 05/14/10 at 12:23pm

Pending
Listing Price Range  Quantity      Average DOM  
$90,000 thru $99,999 1 84  
$120,000 thru $139,999 1 102  
$140,000 thru $159,999 4 53  
$160,000 thru $179,999 5 165  
$180,000 thru $199,999 10 165  
$200,000 thru $249,999 18 154  
$250,000 thru $299,999 20 246  
$300,000 thru $349,999 15 119  
$350,000 thru $399,999 9 206  
$400,000 thru $449,999 2 46  
$450,000 thru $499,999 3 96  
$500,000 thru $549,999 4 179  
$550,000 thru $599,999 6 265  
$600,000 thru $649,999 2 305  
$650,000 thru $699,999 1 43  
$700,000 thru $749,999 5 213  
$750,000 thru $799,999 3 428  
$850,000 thru $899,999 1 150  
$900,000 thru $949,999 1 73  
$950,000 thru $999,999 2 421  
$1,000,000 thru $1,249,999 3 230  
$1,250,000 thru $1,499,999 1 385  
  117 188  
 
Summary Price Information
Minimum  $99,000 Maximum  $1,488,000
Average  $397,737 Median  $299,000

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 12 95  
$160,000 thru $179,999 10 102  
$180,000 thru $199,999 9 113  
$200,000 thru $249,999 40 100  
$250,000 thru $299,999 34 129  
$300,000 thru $349,999 26 158  
$350,000 thru $399,999 26 189  
$400,000 thru $449,999 16 239  
$450,000 thru $499,999 15 147  
$500,000 thru $549,999 7 129  
$550,000 thru $599,999 10 189  
$600,000 thru $649,999 8 211  
$650,000 thru $699,999 10 99  
$700,000 thru $749,999 3 67  
$750,000 thru $799,999 5 295  
$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 1 0  
$3,000,000 thru $3,249,999 1 117  
$3,500,000 thru $3,749,999 1 244  
  253 153  
 
Summary Price Information
Minimum  $67,000 Maximum  $3,525,000
Average  $404,807 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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