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South Lake Tahoe Weekly Real Estate Market Statistics

June 18, 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 trend.

There has been a noticeable slow down in Buyer activity this past week.  To track the most current buyer activity, I use the Market Activity Ration which is the relationship between Active listings and Pending sales.  This past week we did see the Market Activity Ratio decrease from 20.1% to 17.9%.  This is the result of the Active listings increasing by 20 as the Pending sales decreased by 11.  The number of Pending Bank Owned properties is 16 and the Short Sales is 48 for a total of 64 pending distress sales.  The Distress sales now represent 60% of the Pending sales which is up from 57.7% the previous week.

This past week there were 17 new sales for a YTD of 234 sales.  The majority of these sales did occurr below $269,000 with 5 sales above that in the amounts of $418,000, $479,000, $735,000, $750,000 and $912,500.  The higher of the three were homes located at Uplands Way, Venice Dr and Wedeln Ct respectively.  This decreased the 6 month Average Sales price by 2.2% to $397,597.  The average days on market for these sales is 151 days.

Listings per Status

Area Market Survey
Listings as of 06/18/10 at 8:55am

Active
Listing Price Range  Quantity      Average DOM  
$80,000 thru $89,999 2 170  
$90,000 thru $99,999 1 51  
$100,000 thru $119,999 1 56  
$120,000 thru $139,999 2 406  
$140,000 thru $159,999 7 72  
$160,000 thru $179,999 12 71  
$180,000 thru $199,999 14 187  
$200,000 thru $249,999 29 149  
$250,000 thru $299,999 75 138  
$300,000 thru $349,999 47 126  
$350,000 thru $399,999 46 133  
$400,000 thru $449,999 19 179  
$450,000 thru $499,999 39 197  
$500,000 thru $549,999 20 118  
$550,000 thru $599,999 29 185  
$600,000 thru $649,999 12 180  
$650,000 thru $699,999 16 130  
$700,000 thru $749,999 10 193  
$750,000 thru $799,999 12 148  
$800,000 thru $849,999 5 221  
$850,000 thru $899,999 5 300  
$900,000 thru $949,999 3 365  
$950,000 thru $999,999 6 144  
$1,000,000 thru $1,249,999 12 256  
$1,250,000 thru $1,499,999 8 138  
$1,500,000 thru $1,749,999 3 297  
$1,750,000 thru $1,999,999 8 307  
$2,000,000 thru $2,249,999 4 63  
$2,250,000 thru $2,499,999 4 302  
$2,500,000 thru $2,749,999 2 99  
$3,500,000 thru $3,749,999 1 8  
$3,750,000 thru $3,999,999 1 52  
$4,000,000 thru $4,249,999 2 142  
$4,250,000 thru $4,499,999 1 689  
$4,750,000 thru $4,999,999 1 1437  
$10,000,000 or more 1 183  
  460 163  
 
Summary Price Information
Minimum  $89,000 Maximum  $12,900,000
Average  $612,513 Median  $399,000
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 06/18/10 at 8:55am

Pending
Listing Price Range  Quantity      Average DOM  
$90,000 thru $99,999 1 119  
$120,000 thru $139,999 1 38  
$140,000 thru $159,999 5 45  
$160,000 thru $179,999 3 207  
$180,000 thru $199,999 5 188  
$200,000 thru $249,999 12 135  
$250,000 thru $299,999 22 237  
$300,000 thru $349,999 13 149  
$350,000 thru $399,999 10 175  
$400,000 thru $449,999 4 78  
$450,000 thru $499,999 4 76  
$500,000 thru $549,999 4 172  
$550,000 thru $599,999 3 279  
$600,000 thru $649,999 3 389  
$700,000 thru $749,999 2 244  
$750,000 thru $799,999 3 419  
$900,000 thru $949,999 1 108  
$950,000 thru $999,999 2 403  
$1,000,000 thru $1,249,999 1 183  
$1,250,000 thru $1,499,999 1 420  
  100 190  
 
Summary Price Information
Minimum  $99,000 Maximum  $1,488,000
Average  $382,077 Median  $314,500

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 1 169  
$100,000 thru $119,999 1 38  
$120,000 thru $139,999 3 169  
$140,000 thru $159,999 11 69  
$160,000 thru $179,999 13 128  
$180,000 thru $199,999 12 122  
$200,000 thru $249,999 43 106  
$250,000 thru $299,999 38 129  
$300,000 thru $349,999 27 156  
$350,000 thru $399,999 26 186  
$400,000 thru $449,999 13 196  
$450,000 thru $499,999 17 151  
$500,000 thru $549,999 9 121  
$550,000 thru $599,999 10 215  
$600,000 thru $649,999 6 232  
$650,000 thru $699,999 9 95  
$700,000 thru $749,999 6 195  
$750,000 thru $799,999 5 326  
$800,000 thru $849,999 1 393  
$850,000 thru $899,999 1 439  
$900,000 thru $949,999 4 308  
$950,000 thru $999,999 2 1  
$1,000,000 thru $1,249,999 3 296  
$1,250,000 thru $1,499,999 1 277  
$3,000,000 thru $3,249,999 1 117  
$3,500,000 thru $3,749,999 1 244  
  266 151  
 
Summary Price Information
Minimum  $67,000 Maximum  $3,525,000
Average  $397,597 Median  $313,750
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.

Written by admin · Filed Under Weekly Statistics for CA 
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