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 trend.

The inventory continues to outpace the Buyer Activity which is typical for this time of year!  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 the Market Activity Ratio decrease from 14% to 13.5%.  This is the result of the Active listings increasing by 21 as the Pending sales remained the same.  It’s interesting to note that the number of pending bank owned properties is at 11 and the short sales are at 40.  The distress sales now represent 63.8% of the pending sales which is an increase from the previous week which was at 61.3%.

This past week there were 6 new sales for a YTD of 268 sales.  These sales occurred below $280,000 with two sales above that which were in the Tahoe Keys for $715,000 and in Angora Highlands for $718,000.  This decreased the 6 month average sales price by 2.2% to $395,733.  The average days on market is 159 days.

Listings per Status

 

 

Area Market Survey

Listings as of 07/09/10 at 9:18am

Active Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 46   $70,000 thru $79,999 1 21   $80,000 thru $89,999 2 180   $90,000 thru $99,999 1 72   $100,000 thru $119,999 1 77   $120,000 thru $139,999 3 315   $140,000 thru $159,999 9 81   $160,000 thru $179,999 9 112   $180,000 thru $199,999 15 160   $200,000 thru $249,999 34 151   $250,000 thru $299,999 81 132   $300,000 thru $349,999 54 108   $350,000 thru $399,999 50 134   $400,000 thru $449,999 23 167   $450,000 thru $499,999 43 196   $500,000 thru $549,999 21 120   $550,000 thru $599,999 28 151   $600,000 thru $649,999 19 141   $650,000 thru $699,999 17 150   $700,000 thru $749,999 12 159   $750,000 thru $799,999 16 119   $800,000 thru $849,999 5 242   $850,000 thru $899,999 2 93   $900,000 thru $949,999 4 294   $950,000 thru $999,999 9 223   $1,000,000 thru $1,249,999 13 237   $1,250,000 thru $1,499,999 10 131   $1,500,000 thru $1,749,999 3 318   $1,750,000 thru $1,999,999 11 324   $2,000,000 thru $2,249,999 4 84   $2,250,000 thru $2,499,999 3 119   $2,500,000 thru $2,749,999 2 120   $3,250,000 thru $3,499,999 1 21   $3,500,000 thru $3,749,999 1 29   $3,750,000 thru $3,999,999 2 392   $4,000,000 thru $4,249,999 2 163   $4,750,000 thru $4,999,999 1 1458   $10,000,000 or more 1 204     514 154

Summary Price Information Minimum  $65,000 Maximum  $12,900,000 Average  $609,198 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 07/09/10 at 9:18am

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 140   $140,000 thru $159,999 3 39   $160,000 thru $179,999 5 123   $180,000 thru $199,999 6 224   $200,000 thru $249,999 10 145   $250,000 thru $299,999 17 189   $300,000 thru $349,999 11 146   $350,000 thru $399,999 8 198   $400,000 thru $449,999 3 82   $450,000 thru $499,999 4 86   $500,000 thru $549,999 3 223   $550,000 thru $599,999 2 90   $600,000 thru $649,999 2 552   $650,000 thru $699,999 1 109   $700,000 thru $749,999 1 411   $750,000 thru $799,999 1 60   $850,000 thru $899,999 1 1207   $1,250,000 thru $1,499,999 1 441     80 185

Summary Price Information Minimum  $99,000 Maximum  $1,488,000 Average  $351,539 Median  $299,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $70,000 thru $79,999 1 82   $100,000 thru $119,999 1 38   $120,000 thru $139,999 5 125   $140,000 thru $159,999 11 61   $160,000 thru $179,999 13 134   $180,000 thru $199,999 12 110   $200,000 thru $249,999 37 136   $250,000 thru $299,999 39 147   $300,000 thru $349,999 27 160   $350,000 thru $399,999 23 163   $400,000 thru $449,999 13 192   $450,000 thru $499,999 13 149   $500,000 thru $549,999 10 130   $550,000 thru $599,999 12 242   $600,000 thru $649,999 5 119   $650,000 thru $699,999 7 77   $700,000 thru $749,999 9 283   $750,000 thru $799,999 5 326   $800,000 thru $849,999 1 393   $850,000 thru $899,999 2 277   $900,000 thru $949,999 5 254   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 4 269   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 1 244     259 159

Summary Price Information Minimum  $67,000 Maximum  $3,525,000 Average  $395,733 Median  $315,000

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.