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.

Buyers are up and swinging again.  After a month of flat Buying activity, the buyers are again stepping up to bat.  I track the most current buyer activity with the Market Activity Ratio.  This is the relationship between Active Listings and Pending Sales.  This past week we saw the Market Activity Ratio increase from 13.5% to 15.4%.  This is the result of the Active listings increasing by 4 as the Pending sales increased by 14.  The number Pending bank owned properties and short sales is now at 15 and 42 respectively which represents 60.6% of the Pending sales.  This is a decrease from 63.8% last week.

There were 7 new sales this past week for a YTD of 275 sales.  The sales were below $400,000 with two sales at $775,000 in the Tahoe Keys and $1,150,000 in Montgomery Estates.  This decreased the 6 month average by .9% to $395,733.  The Average Days on Market is 160 days. 

Listings per Status

Area Market Survey

Listings as of 07/16/10 at 8:23am

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 28   $80,000 thru $89,999 2 187   $90,000 thru $99,999 1 79   $100,000 thru $119,999 2 47   $120,000 thru $139,999 5 217   $140,000 thru $159,999 7 83   $160,000 thru $179,999 8 122   $180,000 thru $199,999 16 131   $200,000 thru $249,999 36 182   $250,000 thru $299,999 82 128   $300,000 thru $349,999 55 106   $350,000 thru $399,999 52 139   $400,000 thru $449,999 23 154   $450,000 thru $499,999 44 195   $500,000 thru $549,999 25 108   $550,000 thru $599,999 25 151   $600,000 thru $649,999 17 144   $650,000 thru $699,999 18 146   $700,000 thru $749,999 11 152   $750,000 thru $799,999 12 125   $800,000 thru $849,999 7 219   $850,000 thru $899,999 3 175   $900,000 thru $949,999 4 237   $950,000 thru $999,999 7 171   $1,000,000 thru $1,249,999 13 244   $1,250,000 thru $1,499,999 12 115   $1,500,000 thru $1,749,999 3 325   $1,750,000 thru $1,999,999 11 331   $2,000,000 thru $2,249,999 4 91   $2,250,000 thru $2,499,999 3 126   $2,500,000 thru $2,749,999 2 127   $3,250,000 thru $3,499,999 1 28   $3,500,000 thru $3,749,999 1 36   $3,750,000 thru $3,999,999 2 399   $4,000,000 thru $4,249,999 2 170   $4,750,000 thru $4,999,999 1 1465   $10,000,000 or more 1 211     519 153

Summary Price Information Minimum  $75,000 Maximum  $12,900,000 Average  $607,050 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 07/16/10 at 8:23am

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 53   $90,000 thru $99,999 1 147   $140,000 thru $159,999 6 81   $160,000 thru $179,999 4 124   $180,000 thru $199,999 6 247   $200,000 thru $249,999 13 125   $250,000 thru $299,999 19 139   $300,000 thru $349,999 9 143   $350,000 thru $399,999 8 182   $400,000 thru $449,999 3 124   $450,000 thru $499,999 5 82   $500,000 thru $549,999 3 230   $550,000 thru $599,999 4 179   $600,000 thru $649,999 3 454   $650,000 thru $699,999 3 99   $700,000 thru $749,999 2 390   $750,000 thru $799,999 1 147   $850,000 thru $899,999 1 1214   $950,000 thru $999,999 1 798     93 177

Summary Price Information Minimum  $65,000 Maximum  $995,000 Average  $353,300 Median  $289,000

Sold Selling Price Range  Quantity      Average DOM   $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 13 126   $200,000 thru $249,999 36 152   $250,000 thru $299,999 41 148   $300,000 thru $349,999 25 168   $350,000 thru $399,999 21 151   $400,000 thru $449,999 12 174   $450,000 thru $499,999 12 141   $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 6 282   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 114   $900,000 thru $949,999 5 254   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 5 304   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 1 244     255 160

Summary Price Information Minimum  $75,000 Maximum  $3,525,000 Average  $399,235 Median  $310,000

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.