South Lake Tahoe Weekly Real Estate Market Update 1/19/12

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.

It’s the perfect storm without the snow!  Interest rates remain low, prices are low and the lack of snow is allowing easy traveling for buyers to Tahoe.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the Market Activity Ratio had increased slightly from 29.1% to 29.5%.  This is the result of the Active listings decreasing by 3 as the Pending sales increased by 1.  The distress sales (Short Sales and Bank Owned Foreclosures) continue to impact our market as it now represents 21.6% of the Active inventory and 73.2% of the pending sales.

This past week there were 8 new sales for a YTD total of 19 sales.  These sales ranged from $$125,000 to $815,000.  Most of the sales were below $169,000 with two sales above that.  These sales were on Inverness Dr which sold for $317,000 and Mackedie Way which sold for $815,000.  The 6 month average sale price slightly had increased by .1% to $334,182.  The average days on market are 151 days.

Listings per Status

Area Market Survey Listings as of 01/19/12 at 8:28pm   Active Listing Price Range Quantity Average DOM   $40,000 thru $49,999 1 8   $50,000 thru $59,999 1 83   $90,000 thru $99,999 2 98   $100,000 thru $119,999 4 193   $120,000 thru $139,999 7 142   $140,000 thru $159,999 10 114   $160,000 thru $179,999 16 175   $180,000 thru $199,999 13 133   $200,000 thru $249,999 29 185   $250,000 thru $299,999 23 238   $300,000 thru $349,999 24 122   $350,000 thru $399,999 25 100   $400,000 thru $449,999 12 266   $450,000 thru $499,999 25 202   $500,000 thru $549,999 7 187   $550,000 thru $599,999 12 277   $600,000 thru $649,999 3 75   $650,000 thru $699,999 10 132   $700,000 thru $749,999 2 235   $750,000 thru $799,999 3 226   $800,000 thru $849,999 2 356   $850,000 thru $899,999 6 160   $900,000 thru $949,999 3 258   $950,000 thru $999,999 3 465   $1,250,000 thru $1,499,999 11 189   $1,500,000 thru $1,749,999 3 362   $1,750,000 thru $1,999,999 2 503   $2,000,000 thru $2,249,999 2 659   $2,250,000 thru $2,499,999 1 659   $2,500,000 thru $2,749,999 2 659   $3,250,000 thru $3,499,999 1 113   $3,500,000 thru $3,749,999 1 349   $4,250,000 thru $4,499,999 1 376   $10,000,000 or more 1 743     268 196     Summary Price Information Minimum $49,900 Maximum $12,900,000 Average $567,152 Median $369,500   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 01/19/12 at 8:28pm   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 125   $70,000 thru $79,999 2 136   $80,000 thru $89,999 2 124   $100,000 thru $119,999 7 91   $120,000 thru $139,999 6 158   $140,000 thru $159,999 10 163   $160,000 thru $179,999 9 149   $180,000 thru $199,999 7 165   $200,000 thru $249,999 21 133   $250,000 thru $299,999 12 94   $300,000 thru $349,999 4 272   $350,000 thru $399,999 16 108   $400,000 thru $449,999 2 141   $450,000 thru $499,999 5 206   $500,000 thru $549,999 2 47   $550,000 thru $599,999 3 172   $600,000 thru $649,999 1 514   $1,000,000 thru $1,249,999 2 76     112 140     Summary Price Information Minimum $55,000 Maximum $1,099,000 Average $274,971 Median $233,700   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 6 113   $100,000 thru $119,999 8 143   $120,000 thru $139,999 19 128   $140,000 thru $159,999 21 125   $160,000 thru $179,999 31 108   $180,000 thru $199,999 24 130   $200,000 thru $249,999 57 155   $250,000 thru $299,999 28 155   $300,000 thru $349,999 30 129   $350,000 thru $399,999 16 177   $400,000 thru $449,999 15 203   $450,000 thru $499,999 15 176   $500,000 thru $549,999 12 134   $550,000 thru $599,999 5 197   $600,000 thru $649,999 9 268   $650,000 thru $699,999 2 211   $700,000 thru $749,999 5 171   $750,000 thru $799,999 4 150   $800,000 thru $849,999 2 163   $900,000 thru $949,999 2 265   $950,000 thru $999,999 1 199   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 291   $2,500,000 thru $2,749,999 1 403   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     322 151     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $334,182 Median $235,000   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045