South Lake Tahoe Weekly Real Estate Market Update for 12/30/11

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 a good ending to a good year for sales!  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 27.1% to 23.9%.  This is the result of the Active listings increasing by 4 as the Pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) continue to impact the market it now represents 26.8% of the Active listings and 77.1% of the Pending sales.

There were 12 new sales this past week for a YTD of 582 sales.  The sales ranged from $158,000 to $1,450,000.  Most of the sales were below $375,000 with 4 sales above that.  These sales were on Julie Ln for $475,000, Alice Lake Rd for $540,000, Emerald Dr for $719,000 and Ski Run Blvd for $1,450,000.  Despite the higher sales, the 6 month average sales price decreased by 1.9% to $329,770.  The average days on market are 150 days.  Compared to 2010, the units sold has increased by approximately 3.6% or 20 more units sold.  However, the values continue to drop.  When you compare the 6 month average sales price the difference from a year ago is approximately 10%.

Listings per Status

Area Market Survey Listings as of 12/30/11 at 8:38am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 63   $70,000 thru $79,999 1 66   $80,000 thru $89,999 3 139   $90,000 thru $99,999 3 96   $100,000 thru $119,999 8 121   $120,000 thru $139,999 7 188   $140,000 thru $159,999 13 98   $160,000 thru $179,999 14 205   $180,000 thru $199,999 15 155   $200,000 thru $249,999 40 163   $250,000 thru $299,999 25 218   $300,000 thru $349,999 25 157   $350,000 thru $399,999 23 99   $400,000 thru $449,999 14 197   $450,000 thru $499,999 28 211   $500,000 thru $549,999 8 158   $550,000 thru $599,999 15 245   $600,000 thru $649,999 3 263   $650,000 thru $699,999 11 137   $700,000 thru $749,999 3 159   $750,000 thru $799,999 4 213   $800,000 thru $849,999 2 336   $850,000 thru $899,999 4 160   $900,000 thru $949,999 4 233   $950,000 thru $999,999 2 614   $1,000,000 thru $1,249,999 2 86   $1,250,000 thru $1,499,999 9 194   $1,500,000 thru $1,749,999 6 442   $1,750,000 thru $1,999,999 2 483   $2,000,000 thru $2,249,999 3 502   $2,250,000 thru $2,499,999 1 639   $2,500,000 thru $2,749,999 2 639   $3,250,000 thru $3,499,999 1 93   $3,500,000 thru $3,749,999 1 329   $3,750,000 thru $3,999,999 1 94   $4,250,000 thru $4,499,999 1 356   $10,000,000 or more 1 723     306 193     Summary Price Information Minimum $59,000 Maximum $12,900,000 Average $559,532 Median $349,000   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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 12/30/11 at 8:38am   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 105   $90,000 thru $99,999 2 136   $100,000 thru $119,999 4 86   $120,000 thru $139,999 6 127   $140,000 thru $159,999 9 154   $160,000 thru $179,999 11 122   $180,000 thru $199,999 8 127   $200,000 thru $249,999 16 159   $250,000 thru $299,999 10 125   $300,000 thru $349,999 3 256   $350,000 thru $399,999 11 101   $400,000 thru $449,999 3 152   $450,000 thru $499,999 3 231   $500,000 thru $549,999 1 31   $550,000 thru $599,999 3 152   $600,000 thru $649,999 2 294   $800,000 thru $849,999 1 141   $1,000,000 thru $1,249,999 1 50   $2,750,000 thru $2,999,999 1 403     96 143     Summary Price Information Minimum $55,000 Maximum $2,995,000 Average $304,388 Median $227,000   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 85   $100,000 thru $119,999 7 149   $120,000 thru $139,999 18 126   $140,000 thru $159,999 20 133   $160,000 thru $179,999 32 109   $180,000 thru $199,999 22 129   $200,000 thru $249,999 57 150   $250,000 thru $299,999 28 153   $300,000 thru $349,999 29 110   $350,000 thru $399,999 15 184   $400,000 thru $449,999 18 190   $450,000 thru $499,999 17 170   $500,000 thru $549,999 14 147   $550,000 thru $599,999 5 330   $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   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     322 150     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $329,770 Median $238,450   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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045