South Lake Tahoe Weekly Real Estate Market Statistics

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.

Buyer activity is remaining consistent!  To track the most current buyer activity, I like to use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week we saw the Market Activity Ratio decrease slightly from 21.8% to 21.6% which is the result of the Active listings increasing by 10 and the Pending sales increasing by 1.  It’s interesting to note that the Pending REO is at 17 and the Pending Short Sales is at 50 for a total of 67 pending sales.  These distress sales now represents 58.3% of pending sales which was higher a week ago at 60.5%.

This past week there were 8 new sales for a YTD of 207 sales.  The majority of these sales occurred below $375,000 with 2 sales above that at $575,000 each.  This did decrease the 6 month average by 1.1% to $401,308.  The Average days on market for these sales is at 152 days.

Listings per Status

Area Market Survey

Listings as of 06/04/10 at 11:41am

Active Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 2 156   $90,000 thru $99,999 1 37   $100,000 thru $119,999 1 42   $120,000 thru $139,999 2 392   $140,000 thru $159,999 6 115   $160,000 thru $179,999 9 76   $180,000 thru $199,999 12 187   $200,000 thru $249,999 24 158   $250,000 thru $299,999 65 140   $300,000 thru $349,999 43 151   $350,000 thru $399,999 42 147   $400,000 thru $449,999 16 171   $450,000 thru $499,999 38 191   $500,000 thru $549,999 19 129   $550,000 thru $599,999 30 216   $600,000 thru $649,999 10 179   $650,000 thru $699,999 14 145   $700,000 thru $749,999 8 218   $750,000 thru $799,999 11 148   $800,000 thru $849,999 5 207   $850,000 thru $899,999 5 286   $900,000 thru $949,999 3 351   $950,000 thru $999,999 6 130   $1,000,000 thru $1,249,999 11 265   $1,250,000 thru $1,499,999 7 103   $1,500,000 thru $1,749,999 4 280   $1,750,000 thru $1,999,999 8 293   $2,000,000 thru $2,249,999 4 49   $2,250,000 thru $2,499,999 4 288   $2,500,000 thru $2,749,999 2 85   $3,750,000 thru $3,999,999 1 38   $4,000,000 thru $4,249,999 2 128   $4,250,000 thru $4,499,999 1 675   $4,750,000 thru $4,999,999 1 1423   $10,000,000 or more 1 169     418 172

Summary Price Information Minimum  $89,000 Maximum  $12,900,000 Average  $627,860 Median  $417,000

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 06/04/10 at 11:41am

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 105   $120,000 thru $139,999 2 74   $140,000 thru $159,999 7 50   $160,000 thru $179,999 4 186   $180,000 thru $199,999 8 191   $200,000 thru $249,999 17 154   $250,000 thru $299,999 22 215   $300,000 thru $349,999 13 132   $350,000 thru $399,999 11 179   $400,000 thru $449,999 4 71   $450,000 thru $499,999 2 46   $500,000 thru $549,999 5 210   $550,000 thru $599,999 2 53   $600,000 thru $649,999 2 326   $700,000 thru $749,999 4 237   $750,000 thru $799,999 4 368   $850,000 thru $899,999 1 171   $900,000 thru $949,999 1 94   $950,000 thru $999,999 3 301   $1,000,000 thru $1,249,999 1 169   $1,250,000 thru $1,499,999 1 406     115 176

Summary Price Information Minimum  $99,000 Maximum  $1,488,000 Average  $377,974 Median  $298,000

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 1 213   $140,000 thru $159,999 10 72   $160,000 thru $179,999 11 119   $180,000 thru $199,999 9 106   $200,000 thru $249,999 40 102   $250,000 thru $299,999 37 132   $300,000 thru $349,999 27 163   $350,000 thru $399,999 27 180   $400,000 thru $449,999 14 250   $450,000 thru $499,999 15 141   $500,000 thru $549,999 9 121   $550,000 thru $599,999 11 203   $600,000 thru $649,999 7 232   $650,000 thru $699,999 10 88   $700,000 thru $749,999 5 141   $750,000 thru $799,999 4 362   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 439   $900,000 thru $949,999 3 365   $950,000 thru $999,999 1 1   $1,000,000 thru $1,249,999 3 296   $1,250,000 thru $1,499,999 1 277   $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     255 152

Summary Price Information Minimum  $67,000 Maximum  $3,525,000 Average  $405,734 Median  $325,000

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