South Lake Tahoe Weekly Real Estate Market Update

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.

Another spurt of activity keeps the market buzzing!  To track the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week we saw the Market Activity Ratio increase from 18.9% to 19.6%.  This is the result of Active listings decreasing by 2 as the Pending sales increased by 4.  The number of pending bank owned properties and short sales are 15 and 46.  The distress sales now represent 58.1% of all pending sales which is down from 61.4% last week.  There are now 30 active bank owned and 37 short sales currently active on the market.

This past week there were 8 new sales for a YTD of 447 sales.  These sales ranged from $85,000 to $650,000.  Only two sales were above $445,000 for $584,800 on Blackfoot Rd and $650,000 on Oaxaco.  This decreased the 6 month average sales price by .4% to $392,123.  The average days on market are 149 days.

Listings per Status

Listings per Status

Area Market Survey Listings as of 10/15/10 at 8:06am Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 49   $90,000 thru $99,999 1 4   $100,000 thru $119,999 2 357   $120,000 thru $139,999 6 100   $140,000 thru $159,999 4 175   $160,000 thru $179,999 10 138   $180,000 thru $199,999 14 150   $200,000 thru $249,999 54 163   $250,000 thru $299,999 64 198   $300,000 thru $349,999 42 116   $350,000 thru $399,999 38 216   $400,000 thru $449,999 19 152   $450,000 thru $499,999 30 199   $500,000 thru $549,999 16 143   $550,000 thru $599,999 23 139   $600,000 thru $649,999 7 80   $650,000 thru $699,999 11 229   $700,000 thru $749,999 9 211   $750,000 thru $799,999 8 225   $800,000 thru $849,999 8 204   $850,000 thru $899,999 5 113   $900,000 thru $949,999 2 228   $950,000 thru $999,999 8 318   $1,000,000 thru $1,249,999 12 160   $1,250,000 thru $1,499,999 8 171   $1,500,000 thru $1,749,999 4 523   $1,750,000 thru $1,999,999 10 349   $2,000,000 thru $2,249,999 4 192   $2,250,000 thru $2,499,999 1 218   $2,500,000 thru $2,749,999 2 218   $2,750,000 thru $2,999,999 1 83   $3,250,000 thru $3,499,999 2 123   $3,500,000 thru $3,749,999 1 171   $3,750,000 thru $3,999,999 1 208   $4,000,000 thru $4,249,999 1 312   $4,750,000 thru $4,999,999 1 1556   $10,000,000 or more 1 302     431 185     Summary Price Information Minimum  $77,000 Maximum  $12,900,000 Average  $605,537 Median  $385,000 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 ©2010 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045 Area Market Survey Listings as of 10/15/10 at 8:06am Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 238   $120,000 thru $139,999 3 193   $140,000 thru $159,999 4 145   $160,000 thru $179,999 4 88   $180,000 thru $199,999 8 92   $200,000 thru $249,999 20 133   $250,000 thru $299,999 23 169   $300,000 thru $349,999 6 157   $350,000 thru $399,999 4 96   $400,000 thru $449,999 4 191   $450,000 thru $499,999 9 144   $500,000 thru $549,999 4 134   $550,000 thru $599,999 1 136   $600,000 thru $649,999 7 219   $650,000 thru $699,999 1 241   $700,000 thru $749,999 1 506   $750,000 thru $799,999 2 149   $800,000 thru $849,999 1 92   $850,000 thru $899,999 1 1305   $950,000 thru $999,999 1 56     105 163     Summary Price Information Minimum  $99,000 Maximum  $999,000 Average  $351,055 Median  $279,000 Sold Selling Price Range  Quantity      Average DOM   $50,000 thru $59,999 1 79   $60,000 thru $69,999 1 67   $80,000 thru $89,999 3 192   $100,000 thru $119,999 3 123   $120,000 thru $139,999 9 106   $140,000 thru $159,999 14 81   $160,000 thru $179,999 10 179   $180,000 thru $199,999 18 105   $200,000 thru $249,999 50 152   $250,000 thru $299,999 48 133   $300,000 thru $349,999 27 144   $350,000 thru $399,999 24 136   $400,000 thru $449,999 12 103   $450,000 thru $499,999 15 127   $500,000 thru $549,999 13 119   $550,000 thru $599,999 18 219   $600,000 thru $649,999 10 186   $650,000 thru $699,999 7 244   $700,000 thru $749,999 7 348   $750,000 thru $799,999 4 93   $800,000 thru $849,999 1 99   $850,000 thru $899,999 1 114   $900,000 thru $949,999 3 174   $950,000 thru $999,999 2 84   $1,000,000 thru $1,249,999 6 272   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 2 508     310 151     Summary Price Information Minimum  $58,000 Maximum  $3,575,000 Average  $390,663 Median  $293,500 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 ©2010 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

 

Lake Tahoe Weekly Real Estate Market Update For East shore Nevada

What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes and Condos for the East Shore.  I just started tracking condos with homes as of October 28th, 2009 which will be give different results from previous market reports.  The reason that I use this segment of the market is that it has the most influence on the general value trends

Big sales in Nevada this week and the activity is still swarming!  To track the most current buyer activity, I use the market activity Ratio.  Tis is the relationship between Active listings and Pending sales.  This past week we saw the Market Activity Ratio slightly increase from 13.4% to 13.7%.  This is the result of inventory decreasing by 12 as the pending sales decreased by 1.  The are currently 4 bank owned properties active on the market.  The number of pending bank owned properties are 4 and the number of pending short sales are 10. The distress sales pending are now 43.8% of all pending sales.

There were 10 new sales this past week for a YTD of 100 sales.  The sales ranged from $84,000 to $4,850,000.  Two of the sales were lake front properties at Lakeshore Blvd for $4,850,000 and a Pinewild condo for $1,780,000.  Despite the big sales, the 6 month average sales price did decrease by 4.4% to $758,518.  Average days on market are 201 days. 

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
Active Listings				231	$422,384,885	$1,828,506	$635,000	257
Listings Under Contract				3	$2,829,900	$943,300	$999,900	382
Listings Sold 2010				67	$50,820,707	$758,518	$475,500	201
ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	34	$10,037,987	$295,235	$257,250	281
			Upper Kingsbury	12	$8,222,900	$685,242	$572,250	238
			Mid Kingsbury	15	$15,099,300	$1,006,620	$570,000	139
			Lower Kingsbury	7	$10,368,000	$1,481,143	$1,595,000	201
			Lincoln Park	1	$1,695,000	$1,695,000	$1,695,000	698
			Kahle Park	2	$558,999	$279,500	$279,500	364
			Lake Village	13	$5,117,900	$393,685	$349,900	64
			Round Hill	13	$15,780,500	$1,213,885	$650,000	329
			Elk Point	2	$2,220,000	$1,110,000	$1,110,000	25
			Pinewild/Marla	10	$9,907,000	$990,700	$661,500	192
			Zephyr Heights/Knolls	15	$12,153,500	$810,233	$675,000	153
			Zephyr Cove	1	$499,900	$499,900	$499,900	163
			Skyland/Tall Pn/Snug Harbor	9	$5,848,000	$649,778	$599,000	191
			Hidden Woods	3	$4,625,000	$1,541,667	$1,000,000	378
			Upper & Lower Lakeridge – LT	2	$2,094,999	$1,047,500	$1,047,500	793
			Cave Rock	8	$10,428,000	$1,303,500	$734,500	197
			Logan/Cedarbrok	3	$7,390,000	$2,463,333	$2,200,000	396
			Glenbrk/Uppaway	22	$63,646,000	$2,893,000	$1,895,000	363
			Lakefront Propt	20	$199,289,000	$9,964,450	$4,737,500	469
			Sub Total	192	$384,981,985	$2,005,115	$659,500	268
New
	RESIDENTIAL
		Residential
			Upper Kingsbury	1	$499,000	$499,000	$499,000	4
			Sub Total	1	$499,000	$499,000	$499,000	4
Extended
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$259,000	$259,000	$259,000	183
			Lake Village	1	$327,500	$327,500	$327,500	184
			Logan/Cedarbrok	1	$674,900	$674,900	$674,900	69
			Sub Total	3	$1,261,400	$420,467	$327,500	145
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$299,900	$149,950	$149,950	50
			Mid Kingsbury	1	$425,000	$425,000	$425,000	134
			Cave Rock	2	$4,575,000	$2,287,500	$2,287,500	267
			Lakefront Propt	1	$3,975,000	$3,975,000	$3,975,000	24
			Sub Total	6	$9,274,900	$1,545,817	$1,112,500	132
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$774,900	$387,450	$387,450	66
			Mid Kingsbury	2	$1,565,000	$782,500	$782,500	92
			Round Hill	1	$729,000	$729,000	$729,000	122
			Cave Rock	1	$955,000	$955,000	$955,000	158
			Lakefront Propt	2	$11,375,000	$5,687,500	$5,687,500	453
			Sub Total	8	$15,398,900	$1,924,863	$842,000	188
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	5	$1,843,900	$368,780	$375,000	163
			Lower Kingsbury	1	$201,500	$201,500	$201,500	10
			Round Hill	2	$2,440,000	$1,220,000	$1,220,000	128
			Skyland/Tall Pn/Snug Harbor	1	$635,000	$635,000	$635,000	119
			Upper & Lower Lakeridge – LT	2	$1,444,000	$722,000	$722,000	98
			Sub Total	11	$6,564,400	$596,764	$595,000	127
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$438,900	$219,450	$219,450	156
			Lower Kingsbury	1	$348,000	$348,000	$348,000	36
			Lake Village	3	$914,400	$304,800	$315,000	533
			Round Hill	1	$399,000	$399,000	$399,000	318
			Zephyr Heights/Knolls	1	$539,000	$539,000	$539,000	92
			Cave Rock	2	$1,765,000	$882,500	$882,500	699
			Sub Total	10	$4,404,300	$440,430	$338,500	375
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	11	$2,359,407	$214,492	$158,350	224
			Upper Kingsbury	10	$6,389,900	$638,990	$425,000	108
			Mid Kingsbury	5	$2,885,000	$577,000	$482,000	211
			Lower Kingsbury	3	$1,067,500	$355,833	$316,000	60
			Lake Village	5	$1,417,500	$283,500	$295,000	121
			Round Hill	9	$4,790,500	$532,278	$475,500	142
			Elk Point	2	$2,470,000	$1,235,000	$1,235,000	181
			Pinewild/Marla	3	$2,285,000	$761,667	$505,000	163
			Zephyr Heights/Knolls	6	$3,974,000	$662,333	$687,500	308
			Zephyr Cove	1	$730,000	$730,000	$730,000	939
			Skyland/Tall Pn/Snug Harbor	2	$1,700,900	$850,450	$850,450	455
			Upper & Lower Lakeridge – LT	3	$2,911,000	$970,333	$849,000	240
			Cave Rock	2	$1,692,500	$846,250	$846,250	257
			Glenbrk/Uppaway	4	$11,297,500	$2,824,375	$2,025,000	227
			Lakefront Propt	1	$4,850,000	$4,850,000	$4,850,000	137
			Sub Total	67	$50,820,707	$758,518	$475,500	201
PENDING-No Show
	RESIDENTIAL
		Residential
			Pinewild/Marla	1	$290,000	$290,000	$290,000	59
			Zephyr Heights/Knolls	1	$999,900	$999,900	$999,900	898
			Skyland/Tall Pn/Snug Harbor	1	$1,540,000	$1,540,000	$1,540,000	190
			Sub Total	3	$2,829,900	$943,300	$999,900	382

Lake Tahoe Weekly Real Estate Market Statistics For East Shore Nevada

What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes and Condos for the East Shore.  I just started tracking condos with homes as of October 28th, 2009 which will be give different results from previous market reports.  The reason that I use this segment of the market is that it has the most influence on the general value trends.

Still holding steady in Nevada.  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 slightly dipped from 12.7% to 11.9%.  This is the result of the Active listings increasing by 2 and Pending sales decreasing by 4.  The number of Pending bank owned properties is 3 and pending short sales is 12.  The distress sales now represent 53.6% of all pending sales which is up from the previous week which was 43.3%.

There was one new sale last week for a YTD of 74 sales.  This was a 5500sf home on Quaking Aspen that sold for $650,000.  This increased the 6 month average sales price by 1.9% to $841,896.  The average days on market is 263 days.

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
Active Listings				235	$420,827,733	$1,790,756	$639,000	257
Listings Under Contract				2	$521,000	$260,500	$260,500	81
Listings Sold 2010				55	$46,304,300	$841,896	$485,000	253
ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	27	$7,730,400	$286,311	$259,000	325
			Upper Kingsbury	11	$8,508,235	$773,476	$599,000	170
			Mid Kingsbury	17	$17,981,500	$1,057,735	$570,000	121
			Lower Kingsbury	5	$7,243,000	$1,448,600	$995,000	302
			Lincoln Park	1	$1,695,000	$1,695,000	$1,695,000	656
			Kahle Park	1	$354,999	$354,999	$354,999	106
			Lake Village	15	$6,660,000	$444,000	$420,000	150
			Round Hill	17	$13,583,500	$799,029	$650,000	261
			Elk Point	1	$1,690,000	$1,690,000	$1,690,000	317
			Pinewild/Marla	11	$9,431,000	$857,364	$645,000	170
			Zephyr Heights/Knolls	15	$13,723,900	$914,927	$845,000	170
			Zephyr Cove	2	$1,599,900	$799,950	$799,950	264
			Skyland/Tall Pn/Snug Harbor	5	$4,584,000	$916,800	$975,000	215
			Hidden Woods	4	$7,220,000	$1,805,000	$1,797,500	321
			Upper & Lower Lakeridge – LT	4	$3,568,999	$892,250	$899,500	404
			Cave Rock	9	$11,456,000	$1,272,889	$799,000	161
			Logan/Cedarbrok	2	$5,645,000	$2,822,500	$2,822,500	533
			Glenbrk/Uppaway	18	$51,457,000	$2,858,722	$1,795,000	354
			Lakefront Propt	20	$203,809,000	$10,190,450	$4,925,000	442
			Sub Total	185	$377,941,433	$2,042,927	$695,000	263
New
	RESIDENTIAL
		Residential
			Lower Kingsbury	1	$450,000	$450,000	$450,000	10
			Glenbrk/Uppaway	1	$2,799,000	$2,799,000	$2,799,000	3
			Sub Total	2	$3,249,000	$1,624,500	$1,624,500	7
Back On Market
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$169,900	$169,900	$169,900	21
			Sub Total	1	$169,900	$169,900	$169,900	21
Extended
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$433,500	$216,750	$216,750	189
			Zephyr Heights/Knolls	2	$1,298,000	$649,000	$649,000	183
			Logan/Cedarbrok	1	$766,900	$766,900	$766,900	27
			Glenbrk/Uppaway	1	$1,995,000	$1,995,000	$1,995,000	729
			Lakefront Propt	1	$4,500,000	$4,500,000	$4,500,000	441
			Sub Total	7	$8,993,400	$1,284,771	$699,000	277
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$921,900	$307,300	$282,000	147
			Upper Kingsbury	1	$599,000	$599,000	$599,000	738
			Mid Kingsbury	1	$599,900	$599,900	$599,900	37
			Lower Kingsbury	1	$1,799,000	$1,799,000	$1,799,000	207
			Kahle Park	1	$224,000	$224,000	$224,000	538
			Skyland/Tall Pn/Snug Harbor	2	$1,143,000	$571,500	$571,500	226
			Cave Rock	2	$2,669,000	$1,334,500	$1,334,500	237
			Lakefront Propt	1	$4,195,000	$4,195,000	$4,195,000	80
			Sub Total	12	$12,150,800	$1,012,567	$599,450	247
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	5	$1,655,900	$331,180	$269,000	186
			Mid Kingsbury	1	$1,095,000	$1,095,000	$1,095,000	57
			Lower Kingsbury	1	$299,500	$299,500	$299,500	74
			Lake Village	1	$308,500	$308,500	$308,500	79
			Zephyr Heights/Knolls	1	$345,000	$345,000	$345,000	63
			Lakefront Propt	1	$5,400,000	$5,400,000	$5,400,000	97
			Sub Total	10	$9,103,900	$910,390	$326,750	130
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$844,000	$281,333	$240,000	165
			Upper Kingsbury	1	$399,000	$399,000	$399,000	76
			Mid Kingsbury	1	$1,095,000	$1,095,000	$1,095,000	139
			Pinewild/Marla	2	$984,000	$492,000	$492,000	205
			Skyland/Tall Pn/Snug Harbor	1	$635,000	$635,000	$635,000	77
			Sub Total	8	$3,957,000	$494,625	$424,500	149
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$379,900	$189,950	$189,950	202
			Lower Kingsbury	1	$485,000	$485,000	$485,000	29
			Lake Village	2	$599,400	$299,700	$299,700	746
			Round Hill	1	$249,000	$249,000	$249,000	75
			Zephyr Heights/Knolls	1	$419,000	$419,000	$419,000	622
			Cave Rock	3	$3,130,000	$1,043,333	$1,365,000	588
			Sub Total	10	$5,262,300	$526,230	$309,750	439
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	8	$1,865,500	$233,188	$194,000	295
			Upper Kingsbury	7	$4,489,900	$641,414	$400,000	111
			Mid Kingsbury	5	$2,370,000	$474,000	$482,000	189
			Lower Kingsbury	1	$316,000	$316,000	$316,000	60
			Lake Village	4	$1,097,500	$274,375	$276,250	138
			Round Hill	7	$4,319,500	$617,071	$475,500	185
			Elk Point	1	$1,425,000	$1,425,000	$1,425,000	361
			Zephyr Heights/Knolls	5	$3,549,000	$709,800	$725,000	243
			Zephyr Cove	1	$730,000	$730,000	$730,000	939
			Skyland/Tall Pn/Snug Harbor	4	$2,575,900	$643,975	$672,950	228
			Upper & Lower Lakeridge – LT	4	$3,386,000	$846,500	$808,000	235
			Cave Rock	1	$372,500	$372,500	$372,500	59
			Logan/Cedarbrok	1	$1,060,000	$1,060,000	$1,060,000	957
			Glenbrk/Uppaway	4	$11,297,500	$2,824,375	$2,025,000	227
			Lakefront Propt	2	$7,450,000	$3,725,000	$3,725,000	827
			Sub Total	55	$46,304,300	$841,896	$485,000	253
PENDING-No Show
	RESIDENTIAL
		Residential
			Lake Village	1	$349,000	$349,000	$349,000	118
			Round Hill	1	$172,000	$172,000	$172,000	44
			Sub Total	2	$521,000	$260,500	$260,500	81

Lake Tahoe Weekly Real Estate Market Statistics For East Shore Nevada

What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes and Condos for the East Shore.  I just started tracking condos with homes as of October 28th, 2009 which will be give different results from previous market reports.  The reason that I use this segment of the market is that it has the most influence on the general value trends.

The market remains steady!  To track the most current buyer activity, I like to use the Market Activity Ratio which is the relationship between the Active listings and Pending sales.  The Market Activity Ratio remained the same at 10.3% from the previous week.  This is the result of the Active listings increaseing by one as the Pending sales remained the same.  The number of Pending short sales remained the same at 11. 

This past week there were 4 new sales for a YTD of 66 sales.  The sales were at Upper Kingsbury for $225,000, Mid Kingsbury for $482,000, Round Hill for $575,000 and Skyland for $770,900.  This increased the 6 month average sales price by 1.4% to $735,290.  The average days on market is 265 days.  

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
Active Listings				240	$332,670,997	$1,386,129	$646,500	240
Listings Under Contract				3	$1,378,900	$459,633	$500,000	66
Listings Sold 2010				59	$43,382,100	$735,290	$459,000	252
ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	31	$9,070,300	$292,590	$240,000	311
			Upper Kingsbury	13	$9,064,400	$697,262	$595,000	189
			Mid Kingsbury	17	$18,727,400	$1,101,612	$635,900	108
			Lower Kingsbury	7	$9,513,000	$1,359,000	$995,000	230
			Lincoln Park	1	$1,695,000	$1,695,000	$1,695,000	627
			Kahle Park	2	$603,999	$302,000	$302,000	293
			Lake Village	15	$6,819,500	$454,633	$420,000	124
			Round Hill	16	$12,752,500	$797,031	$670,250	249
			Elk Point	2	$3,380,000	$1,690,000	$1,690,000	317
			Pinewild/Marla	10	$9,267,000	$926,700	$661,500	158
			Zephyr Heights/Knolls	16	$14,432,000	$902,000	$792,000	144
			Zephyr Cove	2	$1,610,000	$805,000	$805,000	235
			Skyland/Tall Pn/Snug Harbor	9	$7,882,000	$875,778	$659,000	190
			Hidden Woods	4	$7,220,000	$1,805,000	$1,797,500	292
			Upper & Lower Lakeridge – LT	4	$3,618,999	$904,750	$924,500	375
			Cave Rock	10	$13,852,000	$1,385,200	$825,000	162
			Logan/Cedarbrok	1	$3,995,000	$3,995,000	$3,995,000	1018
			Glenbrk/Uppaway	20	$59,856,500	$2,992,825	$2,297,500	333
			Lakefront Propt	21	$116,959,000	$5,569,476	$4,900,000	353
			Sub Total	201	$310,318,598	$1,543,874	$678,000	242
New
	RESIDENTIAL
		Residential
			Lower Kingsbury	1	$485,000	$485,000	$485,000	0
			Lake Village	1	$240,000	$240,000	$240,000	5
			Zephyr Heights/Knolls	1	$475,000	$475,000	$475,000	2
			Sub Total	3	$1,200,000	$400,000	$475,000	2
Extended
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$297,500	$297,500	$297,500	538
			Round Hill	2	$1,223,999	$612,000	$612,000	51
			Zephyr Heights/Knolls	1	$699,000	$699,000	$699,000	154
			Sub Total	4	$2,220,499	$555,125	$599,000	198
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	6	$1,887,800	$314,633	$226,950	88
			Pinewild/Marla	2	$888,000	$444,000	$444,000	170
			Cave Rock	1	$265,000	$265,000	$265,000	37
			Glenbrk/Uppaway	1	$1,795,000	$1,795,000	$1,795,000	528
			Sub Total	10	$4,835,800	$483,580	$334,450	143
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$1,259,900	$419,967	$595,000	165
			Lower Kingsbury	2	$498,500	$249,250	$249,250	173
			Round Hill	1	$499,900	$499,900	$499,900	29
			Zephyr Heights/Knolls	1	$695,000	$695,000	$695,000	59
			Skyland/Tall Pn/Snug Harbor	1	$995,000	$995,000	$995,000	739
			Sub Total	8	$3,948,300	$493,538	$547,450	208
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$229,000	$229,000	$229,000	16
			Upper Kingsbury	1	$399,000	$399,000	$399,000	47
			Mid Kingsbury	1	$1,095,000	$1,095,000	$1,095,000	110
			Sub Total	3	$1,723,000	$574,333	$399,000	58
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$502,400	$167,467	$122,500	155
			Upper Kingsbury	1	$2,100,000	$2,100,000	$2,100,000	404
			Lake Village	2	$599,400	$299,700	$299,700	717
			Round Hill	1	$249,000	$249,000	$249,000	46
			Zephyr Heights/Knolls	2	$2,109,000	$1,054,500	$1,054,500	382
			Cave Rock	2	$2,865,000	$1,432,500	$1,432,500	820
			Sub Total	11	$8,424,800	$765,891	$349,500	432
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	9	$1,864,500	$207,167	$190,000	270
			Upper Kingsbury	9	$3,380,800	$375,644	$395,000	134
			Mid Kingsbury	5	$2,370,000	$474,000	$482,000	189
			Lower Kingsbury	1	$316,000	$316,000	$316,000	60
			Lincoln Park	1	$450,000	$450,000	$450,000	174
			Lake Village	6	$1,578,400	$263,067	$266,250	111
			Round Hill	5	$3,339,000	$667,800	$449,000	237
			Pinewild/Marla	1	$475,000	$475,000	$475,000	401
			Zephyr Heights/Knolls	5	$3,434,000	$686,800	$725,000	291
			Zephyr Cove	1	$730,000	$730,000	$730,000	939
			Skyland/Tall Pn/Snug Harbor	4	$2,200,900	$550,225	$565,000	73
			Upper & Lower Lakeridge – LT	4	$3,386,000	$846,500	$808,000	235
			Cave Rock	1	$372,500	$372,500	$372,500	59
			Logan/Cedarbrok	1	$1,060,000	$1,060,000	$1,060,000	957
			Glenbrk/Uppaway	4	$10,975,000	$2,743,750	$2,025,000	371
			Lakefront Propt	2	$7,450,000	$3,725,000	$3,725,000	827
			Sub Total	59	$43,382,100	$735,290	$459,000	252
PENDING-No Show
	RESIDENTIAL
		Residential
			Lake Village	1	$349,000	$349,000	$349,000	89
			Round Hill	1	$529,900	$529,900	$529,900	62
			Glenbrk/Uppaway	1	$500,000	$500,000	$500,000	47
			Sub Total	3	$1,378,900	$459,633	$500,000	66

 

South Lake Tahoe Weekly Real Estate Market Statistics

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 buyer activity has flattenned and it’s time to change the tire.  This could be the result of the accelerated buyer activity due to the tax credit deadline.  To track the most current buyer activity on the market, I like to use the Market Activity Ratio.  This is the relationship between Active listings and Pending sales.  This past week we did see the Market Activity Ratio decrease from 17.9% to 16.7%.  This is the result of the Active Listings increasing by 19 as the Pending sales decreased by 4.  The inventory is building up and outpacing sales.  It is interesting to note that there are now 15 Pending Bank Owned properties and 46 Short Sales.  The distress sales now represent 63.5% of the Pending sales.

This past week there were 12 new sales for a YTD of 246 sales.  Most of the sales occurred below $360,000 and five above $500,000.  The high end sales were $536,500 in the Tahoe Keys, $575,000 in Montgomery Estates, $875,000 on Uplands with a lakeview, $930,000 in the Tahoe Keys and $1,000,000 on Lakeview with a lake view.  This increased the 6 month average sales price by 1.7% to $404,234.  The average days on market for these sales is 147 days.

Listings per Status

 

Area Market Survey

Listings as of 06/25/10 at 9:00am

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 7   $80,000 thru $89,999 3 121   $90,000 thru $99,999 1 58   $100,000 thru $119,999 1 63   $120,000 thru $139,999 2 413   $140,000 thru $159,999 9 67   $160,000 thru $179,999 10 78   $180,000 thru $199,999 11 217   $200,000 thru $249,999 31 151   $250,000 thru $299,999 78 136   $300,000 thru $349,999 52 122   $350,000 thru $399,999 43 143   $400,000 thru $449,999 22 163   $450,000 thru $499,999 38 206   $500,000 thru $549,999 20 125   $550,000 thru $599,999 31 159   $600,000 thru $649,999 13 173   $650,000 thru $699,999 17 129   $700,000 thru $749,999 10 200   $750,000 thru $799,999 14 137   $800,000 thru $849,999 4 269   $850,000 thru $899,999 5 307   $900,000 thru $949,999 4 280   $950,000 thru $999,999 7 158   $1,000,000 thru $1,249,999 13 229   $1,250,000 thru $1,499,999 10 117   $1,500,000 thru $1,749,999 3 304   $1,750,000 thru $1,999,999 8 314   $2,000,000 thru $2,249,999 4 70   $2,250,000 thru $2,499,999 4 309   $2,500,000 thru $2,749,999 2 106   $3,250,000 thru $3,499,999 1 7   $3,500,000 thru $3,749,999 1 15   $3,750,000 thru $3,999,999 1 59   $4,000,000 thru $4,249,999 2 149   $4,250,000 thru $4,499,999 1 696   $4,750,000 thru $4,999,999 1 1444   $10,000,000 or more 1 190     479 161

Summary Price Information Minimum  $75,000 Maximum  $12,900,000 Average  $617,969 Median  $399,500

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 ©2010 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 06/25/10 at 9:00am

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 126   $140,000 thru $159,999 4 45   $160,000 thru $179,999 5 131   $180,000 thru $199,999 7 185   $200,000 thru $249,999 9 151   $250,000 thru $299,999 22 242   $300,000 thru $349,999 13 146   $350,000 thru $399,999 10 190   $400,000 thru $449,999 4 85   $450,000 thru $499,999 5 88   $500,000 thru $549,999 3 225   $550,000 thru $599,999 3 307   $600,000 thru $649,999 3 396   $700,000 thru $749,999 2 251   $750,000 thru $799,999 3 426   $950,000 thru $999,999 1 777   $1,250,000 thru $1,499,999 1 427     96 201

Summary Price Information Minimum  $99,000 Maximum  $1,488,000 Average  $363,296 Median  $304,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $70,000 thru $79,999 1 82   $100,000 thru $119,999 1 38   $120,000 thru $139,999 5 125   $140,000 thru $159,999 11 69   $160,000 thru $179,999 12 134   $180,000 thru $199,999 12 119   $200,000 thru $249,999 38 106   $250,000 thru $299,999 36 132   $300,000 thru $349,999 27 160   $350,000 thru $399,999 26 154   $400,000 thru $449,999 13 196   $450,000 thru $499,999 15 146   $500,000 thru $549,999 10 113   $550,000 thru $599,999 10 207   $600,000 thru $649,999 5 158   $650,000 thru $699,999 8 83   $700,000 thru $749,999 6 195   $750,000 thru $799,999 5 326   $800,000 thru $849,999 1 393   $850,000 thru $899,999 2 277   $900,000 thru $949,999 5 254   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 4 269   $1,250,000 thru $1,499,999 1 277   $3,000,000 thru $3,249,999 1 117   $3,500,000 thru $3,749,999 1 244     258 147

Summary Price Information Minimum  $67,000 Maximum  $3,525,000 Average  $404,234 Median  $317,000

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 ©2010 Rapattoni Corporation. All rights reserved.

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