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 trends

The Market continues to remain strong despite the upcoming holidays.  To determine current Buyer activity in the market, I track the Market Activity Ratio which is the relationship between Active Listings (Inventory) and Pending Sales (Escrows).  This past week we have seen the Market Activity Ratio increase from 21.3% to 21.9%.  This is due to the Active Listings decreasing by 5 and the Pending Sales increasing by 2.

There were 9 new Sales this past week with the majority of properties selling under $420,000.  There were a couple of sales above that which sold at $619,000 and $1,545,000.  The YTD total Sales is now at 435 homes and condos.  The recent sales did lower the Median Sales Price by .4% to $313,000 and the Average Sales Price by .3% to $386,536. 

Listings per Status

 

Area Market Survey

Listings as of 12/17/09 at 3:27pm

Active Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 48   $80,000 thru $89,999 1 8   $120,000 thru $139,999 4 160   $140,000 thru $159,999 1 199   $160,000 thru $179,999 5 189   $180,000 thru $199,999 9 214   $200,000 thru $249,999 19 113   $250,000 thru $299,999 49 149   $300,000 thru $349,999 49 153   $350,000 thru $399,999 40 201   $400,000 thru $449,999 16 212   $450,000 thru $499,999 22 223   $500,000 thru $549,999 15 169   $550,000 thru $599,999 30 226   $600,000 thru $649,999 4 90   $650,000 thru $699,999 14 257   $700,000 thru $749,999 6 115   $750,000 thru $799,999 7 146   $800,000 thru $849,999 8 271   $850,000 thru $899,999 8 236   $900,000 thru $949,999 2 520   $950,000 thru $999,999 10 174   $1,000,000 thru $1,249,999 12 305   $1,250,000 thru $1,499,999 11 259   $1,500,000 thru $1,749,999 3 195   $1,750,000 thru $1,999,999 5 228   $2,000,000 thru $2,249,999 3 177   $2,250,000 thru $2,499,999 3 419   $3,250,000 thru $3,499,999 2 211   $3,750,000 thru $3,999,999 1 104   $4,250,000 thru $4,499,999 1 506   $4,500,000 thru $4,749,999 2 54   $5,000,000 thru $5,999,999 1 1254     364 196

Summary Price Information Minimum  $67,900 Maximum  $5,495,000 Average  $632,422 Median  $419,750

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 ©2009 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 12/17/09 at 3:27pm

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 163   $100,000 thru $119,999 2 87   $140,000 thru $159,999 1 149   $160,000 thru $179,999 2 80   $180,000 thru $199,999 6 164   $200,000 thru $249,999 16 84   $250,000 thru $299,999 19 139   $300,000 thru $349,999 11 81   $350,000 thru $399,999 9 245   $400,000 thru $449,999 6 322   $450,000 thru $499,999 7 203   $500,000 thru $549,999 6 185   $550,000 thru $599,999 5 212   $600,000 thru $649,999 2 557   $650,000 thru $699,999 3 187   $700,000 thru $749,999 2 197   $800,000 thru $849,999 1 274   $850,000 thru $899,999 2 320   $950,000 thru $999,999 1 410     102 173

Summary Price Information Minimum  $97,390 Maximum  $950,000 Average  $374,288 Median  $320,450

Sold Selling Price Range  Quantity      Average DOM   $80,000 thru $89,999 2 61   $120,000 thru $139,999 7 213   $140,000 thru $159,999 11 99   $160,000 thru $179,999 14 129   $180,000 thru $199,999 19 129   $200,000 thru $249,999 60 143   $250,000 thru $299,999 82 143   $300,000 thru $349,999 57 147   $350,000 thru $399,999 41 173   $400,000 thru $449,999 28 169   $450,000 thru $499,999 24 222   $500,000 thru $549,999 18 262   $550,000 thru $599,999 18 171   $600,000 thru $649,999 13 204   $650,000 thru $699,999 9 183   $700,000 thru $749,999 6 115   $750,000 thru $799,999 6 159   $800,000 thru $849,999 5 213   $850,000 thru $899,999 1 425   $900,000 thru $949,999 5 235   $1,000,000 thru $1,249,999 2 260   $1,250,000 thru $1,499,999 2 228   $1,500,000 thru $1,749,999 3 52   $2,500,000 thru $2,749,999 1 496   $2,750,000 thru $2,999,999 1 130     435 163

Summary Price Information Minimum  $85,000 Maximum  $2,850,000 Average  $388,007 Median  $314,000

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 ©2009 Rapattoni Corporation. All rights reserved.