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

Inventory on the rise!  This past week we saw the Market Activity Ratio decrease from 20.5% to 19.5%.  This is the relationship between Activity Listings (Inventory) and Pending Sales (Escrows) which tracks a trend in current Buyer Activity.  The result of the dip is due to Active Listings increasing by 12 and Pending Sales decreasing by 2.

We are starting a new year with 6 sales this past week for a fresh YTD of 14 Sales.  Sales for a one year period from today show the Median Sales Price at $315,000 and the Average Sales Price at $395,100.  All of the new sales occurred below $450,000 with the lowest price at $260,000.  Despite the consistent activity at the low end of the market, the foreclosures continue to replenish the supply.  January and February is usually when inventories are at their lowest before increasing again as we approach summer.

Listings per Status

 

 

 

Area Market Survey

Listings as of 01/15/10 at 8:08am

Active Listing Price Range  Quantity      Average DOM   $120,000 thru $139,999 3 185   $140,000 thru $159,999 1 228   $160,000 thru $179,999 6 73   $180,000 thru $199,999 6 152   $200,000 thru $249,999 23 119   $250,000 thru $299,999 50 160   $300,000 thru $349,999 43 162   $350,000 thru $399,999 37 207   $400,000 thru $449,999 16 199   $450,000 thru $499,999 18 267   $500,000 thru $549,999 18 131   $550,000 thru $599,999 24 188   $600,000 thru $649,999 8 54   $650,000 thru $699,999 16 228   $700,000 thru $749,999 8 82   $750,000 thru $799,999 9 151   $800,000 thru $849,999 3 187   $850,000 thru $899,999 6 249   $900,000 thru $949,999 2 549   $950,000 thru $999,999 11 241   $1,000,000 thru $1,249,999 13 311   $1,250,000 thru $1,499,999 8 308   $1,500,000 thru $1,749,999 3 143   $1,750,000 thru $1,999,999 6 216   $2,000,000 thru $2,249,999 2 239   $2,250,000 thru $2,499,999 3 448   $3,250,000 thru $3,499,999 2 240   $4,250,000 thru $4,499,999 1 535   $4,500,000 thru $4,749,999 2 83   $5,000,000 thru $5,999,999 1 1283   $10,000,000 or more 1 29     350 191

Summary Price Information Minimum  $126,000 Maximum  $12,900,000 Average  $662,186 Median  $429,500

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.

Area Market Survey

Listings as of 01/15/10 at 8:08am

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $80,000 thru $89,999 1 37   $100,000 thru $119,999 1 43   $120,000 thru $139,999 1 18   $140,000 thru $159,999 1 178   $160,000 thru $179,999 2 61   $180,000 thru $199,999 7 174   $200,000 thru $249,999 9 76   $250,000 thru $299,999 15 188   $300,000 thru $349,999 12 88   $350,000 thru $399,999 6 147   $400,000 thru $449,999 2 275   $450,000 thru $499,999 7 224   $500,000 thru $549,999 2 283   $550,000 thru $599,999 3 259   $600,000 thru $649,999 2 307   $650,000 thru $699,999 3 177   $700,000 thru $749,999 2 128   $750,000 thru $799,999 1 927   $800,000 thru $849,999 2 456   $850,000 thru $899,999 3 365   $950,000 thru $999,999 1 439   $1,250,000 thru $1,499,999 1 81     85 182

Summary Price Information Minimum  $67,900 Maximum  $1,395,000 Average  $397,174 Median  $316,500

Sold Selling Price Range  Quantity      Average DOM   $180,000 thru $199,999 1 153   $200,000 thru $249,999 2 113   $250,000 thru $299,999 1 170   $300,000 thru $349,999 1 66   $350,000 thru $399,999 3 183   $400,000 thru $449,999 3 225   $450,000 thru $499,999 1 245   $500,000 thru $549,999 1 33   $600,000 thru $649,999 1 249     14 169

Summary Price Information Minimum  $190,000 Maximum  $619,000 Average  $364,900 Median  $376,050

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.