South Lake Tahoe Weekly Real Estate Market Update 6/21/12

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.

As the number of distress sales on the market are shrinking, the bottom of the market is showing signs of stabilization.  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 decreased from 39.6% to 37.5%.  This is the result of the Active listings increasing by 7 as the Pending sales decreased by 10.  The distress sales (short sales and bank owned foreclosures) now only represent 9.5% of the available inventory and 57.6% of the pending sales.

This past week there were 19 new sales for a YTD total of 294 sales.  All of the sales were below $350,000 with two exceptions.  These sales were on Prospector Tr for $400,500 and Mt Diablo Cr. for $597,000.  This decreased the 6 month average sales price by 2.2% to $306,603.  The average days on market are 153 days.

Listings per Status

Area Market Survey Summary Listings as of 06/22/12 at 7:52am Active Listing Price Range Quantity Average DOM $70,000 thru $79,999 1 10 $80,000 thru $89,999 1 60 $90,000 thru $99,999 1 55 $100,000 thru $119,999 3 473 $120,000 thru $139,999 6 27 $140,000 thru $159,999 13 174 $160,000 thru $179,999 13 165 $180,000 thru $199,999 13 81 $200,000 thru $249,999 20 121 $250,000 thru $299,999 26 169 $300,000 thru $349,999 17 169 $350,000 thru $399,999 26 85 $400,000 thru $449,999 21 180 $450,000 thru $499,999 19 310 $500,000 thru $549,999 12 73 $550,000 thru $599,999 11 183 $600,000 thru $649,999 5 109 $650,000 thru $699,999 12 102 $700,000 thru $749,999 2 210 $750,000 thru $799,999 3 58 $800,000 thru $849,999 1 672 $850,000 thru $899,999 8 180 $900,000 thru $949,999 1 43 $950,000 thru $999,999 5 349 $1,000,000 thru $1,249,999 2 156 $1,250,000 thru $1,499,999 13 215 $1,500,000 thru $1,749,999 2 140 $1,750,000 thru $1,999,999 1 809 $2,000,000 thru $2,249,999 1 131 $2,750,000 thru $2,999,999 2 99 $3,250,000 thru $3,499,999 1 268 $4,250,000 thru $4,499,999 1 531 $5,000,000 thru $5,999,999 1 28   264 164   Summary Price Information Minimum $79,000 Maximum $5,250,000 Average $533,272 Median $377,000 Pending Listing Price Range Quantity Average DOM $30,000 thru $39,999 1 36 $60,000 thru $69,999 2 58 $90,000 thru $99,999 1 314 $100,000 thru $119,999 7 126 $120,000 thru $139,999 10 116 $140,000 thru $159,999 8 134 $160,000 thru $179,999 15 153 $180,000 thru $199,999 15 142 $200,000 thru $249,999 25 170 $250,000 thru $299,999 21 150 $300,000 thru $349,999 12 87 $350,000 thru $399,999 8 160 $400,000 thru $449,999 11 196 $450,000 thru $499,999 6 123 $500,000 thru $549,999 2 28 $550,000 thru $599,999 4 80 $600,000 thru $649,999 1 74 $650,000 thru $699,999 1 50 $750,000 thru $799,999 1 48 $800,000 thru $849,999 1 130 $900,000 thru $949,999 1 199 $1,000,000 thru $1,249,999 2 129 $1,250,000 thru $1,499,999 1 290 $1,500,000 thru $1,749,999 1 193   157 142   Summary Price Information Minimum $39,000 Maximum $1,648,000 Average $303,260 Median $245,000 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   Area Market Survey Summary Listings as of 06/22/12 at 7:52am Sold Selling Price Range Quantity Average DOM $30,000 thru $39,999 1 181 $40,000 thru $49,999 1 30 $50,000 thru $59,999 3 198 $70,000 thru $79,999 1 41 $80,000 thru $89,999 4 152 $90,000 thru $99,999 7 162 $100,000 thru $119,999 14 147 $120,000 thru $139,999 21 103 $140,000 thru $159,999 22 123 $160,000 thru $179,999 25 183 $180,000 thru $199,999 26 144 $200,000 thru $249,999 48 121 $250,000 thru $299,999 34 173 $300,000 thru $349,999 25 166 $350,000 thru $399,999 23 133 $400,000 thru $449,999 17 144 $450,000 thru $499,999 8 151 $500,000 thru $549,999 8 272 $550,000 thru $599,999 8 156 $600,000 thru $649,999 4 277 $650,000 thru $699,999 1 146 $700,000 thru $749,999 2 246 $800,000 thru $849,999 1 161 $850,000 thru $899,999 1 702 $900,000 thru $949,999 2 136 $1,000,000 thru $1,249,999 1 117 $1,250,000 thru $1,499,999 2 199 $1,500,000 thru $1,749,999 1 30 $2,500,000 thru $2,749,999 2 212 $3,000,000 thru $3,249,999 1 473   314 153   Summary Price Information Minimum $35,000 Maximum $3,125,000 Average $307,298 Median $229,000 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