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.

There is a slight waning in Buyer activity.  To track the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending Sales.  This past week we saw the Market Activity decrease from 16.2% to 15.7%.  This is the result of Active listings increasing by 3 as the Pending sales decreased by 3.  It’s interesting to note the number of Pending Bank Owned properties is at 19 and the number of Pending Short Sales is at 34.  The Pending distress sales decreased from 68% to 54.6% of all Pending sales.  Another interesting note is that the foreclosure shadow inventory is now trickling on the market.  Bank Owned properties available on the market today is at 26 which is higher than the average of 20.  This will continue to put downward pressure on pricing.  The buyers may be disappointed to see that the prices will not drop off a cliff as it did in the previous years rather it will be a smaller adjustment.  The largest adjustments are still being seen in the higher price brackets above $500,000.

There were 10 new sales this past week for a YTD of 297 sales.  The majority of these sales did occurr below $280,000 with three sales above that for $389,000 at N Upper Truckee, $465,900 at Montgomery Estates and $625,000 at the Tahoe Keys.  This decreased the 6 month Average Sales price by .02% to $395,929. The Average Days on market are 158 days.

Listings per Status

 

 

 

 

Area Market Survey

Listings as of 07/29/10 at 3:53pm

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 41   $80,000 thru $89,999 1 356   $90,000 thru $99,999 1 92   $100,000 thru $119,999 4 178   $120,000 thru $139,999 4 193   $140,000 thru $159,999 7 82   $160,000 thru $179,999 7 122   $180,000 thru $199,999 16 167   $200,000 thru $249,999 45 156   $250,000 thru $299,999 84 143   $300,000 thru $349,999 53 111   $350,000 thru $399,999 45 173   $400,000 thru $449,999 23 151   $450,000 thru $499,999 46 187   $500,000 thru $549,999 25 106   $550,000 thru $599,999 29 161   $600,000 thru $649,999 16 158   $650,000 thru $699,999 15 168   $700,000 thru $749,999 11 166   $750,000 thru $799,999 11 141   $800,000 thru $849,999 6 262   $850,000 thru $899,999 4 149   $900,000 thru $949,999 4 250   $950,000 thru $999,999 8 161   $1,000,000 thru $1,249,999 14 240   $1,250,000 thru $1,499,999 10 151   $1,500,000 thru $1,749,999 3 338   $1,750,000 thru $1,999,999 10 342   $2,000,000 thru $2,249,999 4 104   $2,250,000 thru $2,499,999 3 139   $2,500,000 thru $2,749,999 2 140   $2,750,000 thru $2,999,999 1 5   $3,250,000 thru $3,499,999 2 45   $3,750,000 thru $3,999,999 2 412   $4,000,000 thru $4,249,999 2 183   $4,750,000 thru $4,999,999 1 1478   $10,000,000 or more 1 224     521 162

Summary Price Information Minimum  $75,000 Maximum  $12,900,000 Average  $602,839 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 07/29/10 at 3:53pm

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 66   $80,000 thru $89,999 1 43   $90,000 thru $99,999 1 160   $120,000 thru $139,999 1 49   $140,000 thru $159,999 5 58   $160,000 thru $179,999 2 42   $180,000 thru $199,999 7 185   $200,000 thru $249,999 11 137   $250,000 thru $299,999 19 147   $300,000 thru $349,999 11 87   $350,000 thru $399,999 9 169   $400,000 thru $449,999 2 180   $450,000 thru $499,999 5 99   $500,000 thru $549,999 3 216   $550,000 thru $599,999 4 76   $600,000 thru $649,999 5 323   $650,000 thru $699,999 4 129   $700,000 thru $749,999 2 403   $750,000 thru $799,999 1 160   $800,000 thru $849,999 1 58   $850,000 thru $899,999 1 1227   $950,000 thru $999,999 1 811     97 163

Summary Price Information Minimum  $65,000 Maximum  $995,000 Average  $370,100 Median  $315,000

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 6 134   $140,000 thru $159,999 11 66   $160,000 thru $179,999 14 154   $180,000 thru $199,999 13 132   $200,000 thru $249,999 40 148   $250,000 thru $299,999 40 151   $300,000 thru $349,999 25 165   $350,000 thru $399,999 22 143   $400,000 thru $449,999 13 163   $450,000 thru $499,999 13 119   $500,000 thru $549,999 11 135   $550,000 thru $599,999 11 226   $600,000 thru $649,999 6 121   $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     264 158

Summary Price Information Minimum  $75,000 Maximum  $3,525,000 Average  $395,929 Median  $311,250

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.