South Lake Tahoe Weekly Real Estate Market Update for 1/13/12

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.

The South Lake Tahoe market has not slowed down from the fourth quarter last year!  Could this be a sign the our market is turning a corner?  To measure that most current buyer activity, I use the Marke Activity Ratio which is the relationship between the Active listings and Pending sales.  This past week the Market Activity Ratio increased dramatically from 23.2% to 29.1%.  This is the result of the Active listings decreasing by 21 as the Pending sales increased by 21.  The Active inventory is at it’s lowest level since the market bust.  The distress sales (Bank Owned Foreclosures and Short Sales) continues to impact our market and it now represents 22.9% of the Active listings and 73% of the Pending sales.

There were 10 new sales this past week for a YTD of 11.  These sales ranged from a low of $95,000 to a high of $588,000.  Most of the sales were below $279,000 with two sales above that which were on Saddle Rd for $375,000 and Marconi Way for $588,000.  This decreased the 6 month average sales price by .2% to $333,975.  The average days on market are 149 days. 

Listings per Status

Area Market Survey Listings as of 01/13/12 at 8:21am   Active Listing Price Range Quantity Average DOM   $40,000 thru $49,999 1 2   $50,000 thru $59,999 1 77   $90,000 thru $99,999 2 92   $100,000 thru $119,999 5 161   $120,000 thru $139,999 6 159   $140,000 thru $159,999 10 109   $160,000 thru $179,999 15 183   $180,000 thru $199,999 14 114   $200,000 thru $249,999 32 193   $250,000 thru $299,999 24 228   $300,000 thru $349,999 22 133   $350,000 thru $399,999 26 94   $400,000 thru $449,999 12 260   $450,000 thru $499,999 26 199   $500,000 thru $549,999 7 187   $550,000 thru $599,999 12 271   $600,000 thru $649,999 2 105   $650,000 thru $699,999 9 140   $700,000 thru $749,999 2 229   $750,000 thru $799,999 3 220   $800,000 thru $849,999 2 350   $850,000 thru $899,999 6 154   $900,000 thru $949,999 3 252   $950,000 thru $999,999 3 459   $1,250,000 thru $1,499,999 11 183   $1,500,000 thru $1,749,999 3 356   $1,750,000 thru $1,999,999 2 497   $2,000,000 thru $2,249,999 2 653   $2,250,000 thru $2,499,999 1 653   $2,500,000 thru $2,749,999 2 653   $3,250,000 thru $3,499,999 1 107   $3,500,000 thru $3,749,999 1 343   $3,750,000 thru $3,999,999 1 108   $4,250,000 thru $4,499,999 1 370   $10,000,000 or more 1 737     271 194     Summary Price Information Minimum $49,900 Maximum $12,900,000 Average $574,914 Median $369,000   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 Listings as of 01/13/12 at 8:21am   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 119   $70,000 thru $79,999 2 130   $80,000 thru $89,999 2 118   $100,000 thru $119,999 7 85   $120,000 thru $139,999 6 152   $140,000 thru $159,999 10 158   $160,000 thru $179,999 13 136   $180,000 thru $199,999 7 159   $200,000 thru $249,999 18 137   $250,000 thru $299,999 11 92   $300,000 thru $349,999 6 239   $350,000 thru $399,999 14 108   $400,000 thru $449,999 2 135   $450,000 thru $499,999 4 192   $500,000 thru $549,999 1 45   $550,000 thru $599,999 3 166   $600,000 thru $649,999 1 508   $800,000 thru $849,999 1 155   $1,000,000 thru $1,249,999 2 70     111 139     Summary Price Information Minimum $55,000 Maximum $1,099,000 Average $272,532 Median $225,000   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 7 105   $100,000 thru $119,999 8 143   $120,000 thru $139,999 18 126   $140,000 thru $159,999 18 126   $160,000 thru $179,999 31 108   $180,000 thru $199,999 24 130   $200,000 thru $249,999 59 152   $250,000 thru $299,999 29 160   $300,000 thru $349,999 29 112   $350,000 thru $399,999 16 177   $400,000 thru $449,999 17 193   $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 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     322 149     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $333,975 Median $236,000   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