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

The Market Activity Ratio was slightly up this past week even though the Pending Sales (Escrows) decreased by 2.  This is because the Active Listings (Inventory) decreased substancially by 26.  The Market Activity Ratio is the relationship between Active Listings and Pending Sales.  We are seeing the Inventory decrease in the price brackets above $450,000.  The lower price brackets are still being impacted by the supply of the foreclosed homes and remaining steady. 

The number of completed transactions or Sales this past week is up by 12 for a YTD of 373.  Most of the Sales occurred below $420,000 with the exception of a lake front sale for $2,550,000.  This brought the Average Sales Price up by 1% to $385,546 but the Median Sales Price remained the same at $310,000.  The Average Days On Market for Solds is 163 days.

Listings per Status