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.

Buyer market activity has remained consistent for another week.  To measure that most current buyer activity, I use the Market Activity Ration which is the relationship between Active listings and Pending sales.  This past week we saw the Market Activity Ratio increase from 17.4% to 17.9%.  This is the result of the Active listings decreasing by 2 as the Pending sales increased by 3.  The number of pending bank owned sales is at 21 and the pending short sales is at 33.  The distress sales now represent 49.1% of all pending sales.

This past week there were 11 new sales for a YTD of 322 sales.  These sales were all under $400,000 with the exception of two sales above that for $575,000 and $610,000.  This decreased the 6 month average sales price by .7% to $391,621.  The average days on market is 150 days. 

Listings per Status

 

Area Market Survey

Listings as of 08/13/10 at 11:43am

Active Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 371   $90,000 thru $99,999 2 72   $100,000 thru $119,999 2 299   $120,000 thru $139,999 3 131   $140,000 thru $159,999 9 93   $160,000 thru $179,999 6 204   $180,000 thru $199,999 13 170   $200,000 thru $249,999 57 140   $250,000 thru $299,999 83 159   $300,000 thru $349,999 39 127   $350,000 thru $399,999 42 184   $400,000 thru $449,999 26 120   $450,000 thru $499,999 41 154   $500,000 thru $549,999 28 112   $550,000 thru $599,999 28 151   $600,000 thru $649,999 16 137   $650,000 thru $699,999 12 194   $700,000 thru $749,999 10 194   $750,000 thru $799,999 10 149   $800,000 thru $849,999 5 150   $850,000 thru $899,999 6 146   $900,000 thru $949,999 4 243   $950,000 thru $999,999 6 74   $1,000,000 thru $1,249,999 14 255   $1,250,000 thru $1,499,999 11 151   $1,500,000 thru $1,749,999 3 353   $1,750,000 thru $1,999,999 11 331   $2,000,000 thru $2,249,999 3 134   $2,250,000 thru $2,499,999 3 154   $2,500,000 thru $2,749,999 2 155   $2,750,000 thru $2,999,999 1 20   $3,250,000 thru $3,499,999 2 60   $3,750,000 thru $3,999,999 2 427   $4,000,000 thru $4,249,999 2 198   $4,750,000 thru $4,999,999 1 1493   $10,000,000 or more 1 239     505 162

Summary Price Information Minimum  $89,000 Maximum  $12,900,000 Average  $606,208 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 08/13/10 at 11:43am

Pending Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 56   $80,000 thru $89,999 1 58   $90,000 thru $99,999 1 175   $100,000 thru $119,999 1 136   $120,000 thru $139,999 1 64   $140,000 thru $159,999 6 91   $160,000 thru $179,999 3 87   $180,000 thru $199,999 6 201   $200,000 thru $249,999 12 125   $250,000 thru $299,999 17 147   $300,000 thru $349,999 13 72   $350,000 thru $399,999 8 201   $400,000 thru $449,999 2 118   $450,000 thru $499,999 10 102   $500,000 thru $549,999 2 233   $550,000 thru $599,999 5 44   $600,000 thru $649,999 7 348   $650,000 thru $699,999 5 142   $700,000 thru $749,999 2 416   $750,000 thru $799,999 3 138   $800,000 thru $849,999 1 73   $850,000 thru $899,999 1 1242   $950,000 thru $999,999 1 826   $1,000,000 thru $1,249,999 1 9     110 159

Summary Price Information Minimum  $75,000 Maximum  $1,127,900 Average  $392,112 Median  $325,000

Sold Selling Price Range  Quantity      Average DOM   $50,000 thru $59,999 1 79   $70,000 thru $79,999 1 82   $120,000 thru $139,999 6 134   $140,000 thru $159,999 10 63   $160,000 thru $179,999 15 145   $180,000 thru $199,999 15 124   $200,000 thru $249,999 39 141   $250,000 thru $299,999 42 141   $300,000 thru $349,999 26 164   $350,000 thru $399,999 22 135   $400,000 thru $449,999 15 157   $450,000 thru $499,999 15 121   $500,000 thru $549,999 10 111   $550,000 thru $599,999 10 202   $600,000 thru $649,999 7 112   $650,000 thru $699,999 7 77   $700,000 thru $749,999 9 283   $750,000 thru $799,999 4 243   $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     269 150

Summary Price Information Minimum  $58,000 Maximum  $3,525,000 Average  $391,621 Median  $312,500

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.