South Lake Tahoe Weekly Real Estate Market Update 1/6/12

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.

We begin a New Year with a market that continues to move forward.  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 decreased from 23.9% to 23.2%.  This is the result of the Active listings decreasing by 8 as the Pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it now represents 26.4% of the active inventory and 75.6% of the pending sales.

There were 13 new sales this past week.  After a great year for the number of units sold in 2011, we now begin the new year with 3 sales YTD.  The sales this past week ranged from $114,900 to $2,650,000.  Most of the sales were below $330,000 with 3 sales above that.  There was a sale on Julie Ln for $475,000, Emerald Dr for $719,000 and a lake front on Lighthouse Shores for $2,650,000.  The lake front sale increased the 6 month average sales price by 1.4% to $334,537.  The average days on market for home sales are 150 days.

Listings per Status

Area Market Survey Listings as of 01/06/12 at 8:38am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 70   $70,000 thru $79,999 1 73   $90,000 thru $99,999 3 103   $100,000 thru $119,999 7 136   $120,000 thru $139,999 6 164   $140,000 thru $159,999 13 139   $160,000 thru $179,999 16 192   $180,000 thru $199,999 13 134   $200,000 thru $249,999 40 177   $250,000 thru $299,999 26 190   $300,000 thru $349,999 23 139   $350,000 thru $399,999 27 93   $400,000 thru $449,999 11 219   $450,000 thru $499,999 28 185   $500,000 thru $549,999 7 180   $550,000 thru $599,999 13 258   $600,000 thru $649,999 2 98   $650,000 thru $699,999 9 143   $700,000 thru $749,999 3 177   $750,000 thru $799,999 3 213   $800,000 thru $849,999 2 343   $850,000 thru $899,999 5 177   $900,000 thru $949,999 3 245   $950,000 thru $999,999 3 452   $1,000,000 thru $1,249,999 1 69   $1,250,000 thru $1,499,999 11 176   $1,500,000 thru $1,749,999 3 349   $1,750,000 thru $1,999,999 2 490   $2,000,000 thru $2,249,999 2 646   $2,250,000 thru $2,499,999 1 646   $2,500,000 thru $2,749,999 2 646   $3,250,000 thru $3,499,999 1 100   $3,500,000 thru $3,749,999 1 336   $3,750,000 thru $3,999,999 1 101   $4,250,000 thru $4,499,999 1 363   $10,000,000 or more 1 730     292 185     Summary Price Information Minimum $59,000 Maximum $12,900,000 Average $554,052 Median $346,750   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 01/06/12 at 8:38am   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 112   $80,000 thru $89,999 1 64   $90,000 thru $99,999 1 204   $100,000 thru $119,999 6 88   $120,000 thru $139,999 5 139   $140,000 thru $159,999 8 119   $160,000 thru $179,999 12 131   $180,000 thru $199,999 7 111   $200,000 thru $249,999 11 81   $250,000 thru $299,999 11 120   $300,000 thru $349,999 4 289   $350,000 thru $399,999 10 113   $400,000 thru $449,999 2 128   $450,000 thru $499,999 3 238   $500,000 thru $549,999 1 38   $550,000 thru $599,999 3 159   $600,000 thru $649,999 2 301   $800,000 thru $849,999 1 148   $1,000,000 thru $1,249,999 1 57     90 130     Summary Price Information Minimum $55,000 Maximum $1,050,000 Average $275,142 Median $219,000   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 87   $100,000 thru $119,999 8 143   $120,000 thru $139,999 18 126   $140,000 thru $159,999 20 133   $160,000 thru $179,999 30 110   $180,000 thru $199,999 23 129   $200,000 thru $249,999 62 154   $250,000 thru $299,999 27 156   $300,000 thru $349,999 30 109   $350,000 thru $399,999 16 176   $400,000 thru $449,999 17 193   $450,000 thru $499,999 17 170   $500,000 thru $549,999 13 154   $550,000 thru $599,999 4 222   $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 1 165   $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     325 150     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $334,537 Median $237,000   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