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.

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 activity has flattenned out!  It’s time to change the tire and get on the road again.  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 on the market and the Pending Sales.  This past week we did see the Market Activity ratio decrease from 10.8% to 8.8%.  This is the result of the Active Listings increasing by 1 as the Pending Sales dropped by 5.  It is interesting to note that the number of Pending Short Sales did increase by 2 which now represents 65% of the Pending sales. 

There were 2 new sales this past week for a YTD total of 56 sales.  A lakeview home in Lakeridge sold for $767,000 and the other sale was in Glenbrook for $2,550,000.  This increased the 6 month average sales price by a significant 7.5% to $748,611.  The average days on market for these sales is 257 days.

Status	Class	Type	Price Range	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
ACTIVE
	RESIDENTIAL
		Residential
			$65,000 - $69,999	1	$69,900	$69,900	$69,900	220
			$125,000 - $129,999	2	$254,150	$127,075	$127,075	134
			$130,000 - $134,999	1	$134,900	$134,900	$134,900	38
			$135,000 - $139,999	1	$135,000	$135,000	$135,000	30
			$165,000 - $169,999	1	$169,500	$169,500	$169,500	1131
			$170,000 - $174,999	1	$174,000	$174,000	$174,000	126
			$185,000 - $189,999	2	$378,000	$189,000	$189,000	84
			$195,000 - $199,999	3	$595,500	$198,500	$199,000	302
			$200,000 - $204,999	1	$204,900	$204,900	$204,900	52
			$215,000 - $219,999	1	$215,000	$215,000	$215,000	45
			$230,000 - $234,999	1	$234,500	$234,500	$234,500	871
			$240,000 - $244,999	1	$240,000	$240,000	$240,000	122
			$245,000 - $249,999	1	$249,000	$249,000	$249,000	122
			$255,000 - $259,999	4	$1,037,400	$259,350	$259,250	268
			$265,000 - $269,999	1	$269,000	$269,000	$269,000	538
			$270,000 - $274,999	1	$270,000	$270,000	$270,000	194
			$295,000 - $299,999	3	$893,900	$297,967	$299,000	28
			$315,000 - $319,999	1	$318,000	$318,000	$318,000	533
			$325,000 - $329,999	4	$1,305,400	$326,350	$326,250	134
			$335,000 - $339,999	1	$339,000	$339,000	$339,000	18
			$345,000 - $349,999	2	$698,500	$349,250	$349,250	407
			$365,000 - $369,999	1	$365,000	$365,000	$365,000	10
			$370,000 - $374,999	2	$742,000	$371,000	$371,000	49
			$375,000 - $379,999	2	$754,000	$377,000	$377,000	76
			$395,000 - $399,999	4	$1,592,000	$398,000	$399,000	360
			$410,000 - $414,999	3	$1,232,000	$410,667	$410,000	53
			$415,000 - $419,999	3	$1,253,000	$417,667	$419,000	323
			$425,000 - $429,999	1	$425,000	$425,000	$425,000	144
			$440,000 - $444,999	1	$440,000	$440,000	$440,000	89
			$445,000 - $449,999	1	$449,000	$449,000	$449,000	361
			$450,000 - $454,999	1	$450,000	$450,000	$450,000	181
			$465,000 - $469,999	1	$469,000	$469,000	$469,000	36
			$475,000 - $479,999	7	$3,345,177	$477,882	$479,000	210
			$495,000 - $499,999	2	$998,000	$499,000	$499,000	406
			$510,000 - $514,999	2	$1,020,000	$510,000	$510,000	227
			$525,000 - $529,999	1	$525,000	$525,000	$525,000	65
			$530,000 - $534,999	1	$534,000	$534,000	$534,000	116
			$535,000 - $539,999	1	$539,000	$539,000	$539,000	86
			$545,000 - $549,999	1	$547,000	$547,000	$547,000	95
			$550,000 - $554,999	1	$550,000	$550,000	$550,000	1037
			$555,000 - $559,999	1	$555,000	$555,000	$555,000	45
			$570,000 - $574,999	1	$570,000	$570,000	$570,000	161
			$575,000 - $579,999	1	$575,000	$575,000	$575,000	305
			$585,000 - $589,999	1	$588,000	$588,000	$588,000	45
			$595,000 - $599,999	6	$3,586,000	$597,667	$599,000	47
			$625,000 - $629,999	2	$1,254,000	$627,000	$627,000	756
			$630,000 - $634,999	1	$634,500	$634,500	$634,500	11
			$635,000 - $639,999	2	$1,274,000	$637,000	$637,000	79
			$645,000 - $649,999	6	$3,885,000	$647,500	$648,500	207
			$655,000 - $659,999	1	$659,000	$659,000	$659,000	28
			$665,000 - $669,999	1	$669,000	$669,000	$669,000	34
			$675,000 - $679,999	2	$1,353,000	$676,500	$676,500	98
			$695,000 - $699,999	2	$1,394,000	$697,000	$697,000	338
			$720,000 - $724,999	1	$724,999	$724,999	$724,999	53
			$745,000 - $749,999	1	$749,000	$749,000	$749,000	122
			$750,000 - $754,999	1	$750,000	$750,000	$750,000	139
			$765,000 - $769,999	2	$1,538,000	$769,000	$769,000	148
			$795,000 - $799,999	2	$1,594,900	$797,450	$797,450	14
			$845,000 - $849,999	2	$1,694,000	$847,000	$847,000	20
			$850,000 - $854,999	1	$850,000	$850,000	$850,000	15
			$895,000 - $899,999	1	$895,000	$895,000	$895,000	267
			$925,000 - $929,999	1	$925,000	$925,000	$925,000	168
			$955,000 - $959,999	1	$959,000	$959,000	$959,000	315
			$960,000 - $964,999	1	$960,000	$960,000	$960,000	16
			$995,000 - $999,999	3	$2,989,999	$996,666	$995,000	441
			$1,040,000 - $1,044,999	1	$1,040,000	$1,040,000	$1,040,000	60
			$1,045,000 - $1,049,999	1	$1,049,000	$1,049,000	$1,049,000	800
			$1,095,000 - $1,099,999	2	$2,190,000	$1,095,000	$1,095,000	547
			$1,100,000 - $1,104,999	2	$2,200,000	$1,100,000	$1,100,000	184
			$1,145,000 - $1,149,999	1	$1,149,000	$1,149,000	$1,149,000	44
			$1,150,000 - $1,154,999	1	$1,150,000	$1,150,000	$1,150,000	14
			$1,195,000 - $1,199,999	4	$4,780,000	$1,195,000	$1,195,000	254
			$1,200,000 - $1,204,999	1	$1,200,000	$1,200,000	$1,200,000	91
			$1,245,000 - $1,249,999	1	$1,249,000	$1,249,000	$1,249,000	136
			$1,250,000 - $1,254,999	1	$1,250,000	$1,250,000	$1,250,000	756
			$1,285,000 - $1,289,999	1	$1,289,000	$1,289,000	$1,289,000	54
			$1,295,000 - $1,299,999	3	$3,889,000	$1,296,333	$1,295,000	436
			$1,375,000 - $1,379,999	2	$2,753,000	$1,376,500	$1,376,500	390
			$1,395,000 - $1,399,999	1	$1,395,000	$1,395,000	$1,395,000	18
			$1,495,000 - $1,499,999	1	$1,495,000	$1,495,000	$1,495,000	231
			$1,500,000 - $1,504,999	1	$1,500,000	$1,500,000	$1,500,000	69
			$1,595,000 - $1,599,999	2	$3,194,000	$1,597,000	$1,597,000	91
			$1,625,000 - $1,629,999	1	$1,625,000	$1,625,000	$1,625,000	794
			$1,650,000 - $1,654,999	1	$1,650,000	$1,650,000	$1,650,000	92
			$1,690,000 - $1,694,999	1	$1,690,000	$1,690,000	$1,690,000	261
			$1,695,000 - $1,699,999	1	$1,695,000	$1,695,000	$1,695,000	602
			$1,750,000 - $1,754,999	1	$1,750,000	$1,750,000	$1,750,000	330
			$1,770,000 - $1,774,999	1	$1,770,000	$1,770,000	$1,770,000	319
			$1,795,000 - $1,799,999	1	$1,795,000	$1,795,000	$1,795,000	743
			$1,825,000 - $1,829,999	1	$1,825,000	$1,825,000	$1,825,000	151
			$1,850,000 - $1,854,999	2	$3,700,000	$1,850,000	$1,850,000	126
			$1,975,000 - $1,979,999	1	$1,975,000	$1,975,000	$1,975,000	939
			$1,995,000 - $1,999,999	1	$1,995,000	$1,995,000	$1,995,000	501
			$2,195,000 - $2,199,999	1	$2,198,000	$2,198,000	$2,198,000	121
			$2,250,000 - $2,254,999	1	$2,250,000	$2,250,000	$2,250,000	280
			$2,295,000 - $2,299,999	1	$2,295,000	$2,295,000	$2,295,000	673
			$2,300,000 - $2,304,999	1	$2,300,000	$2,300,000	$2,300,000	396
			$2,395,000 - $2,399,999	1	$2,395,000	$2,395,000	$2,395,000	8
			$2,500,000 - $2,504,999	1	$2,500,000	$2,500,000	$2,500,000	18
			$2,550,000 - $2,554,999	1	$2,550,000	$2,550,000	$2,550,000	394
			$2,595,000 - $2,599,999	1	$2,595,000	$2,595,000	$2,595,000	220
			$2,700,000 - $2,704,999	1	$2,700,000	$2,700,000	$2,700,000	253
			$2,835,000 - $2,839,999	1	$2,835,000	$2,835,000	$2,835,000	74
			$2,995,000 - $2,999,999	2	$5,990,000	$2,995,000	$2,995,000	539
			$3,100,000 - $3,104,999	1	$3,100,000	$3,100,000	$3,100,000	735
			$3,350,000 - $3,354,999	1	$3,350,000	$3,350,000	$3,350,000	185
			$3,495,000 - $3,499,999	1	$3,495,000	$3,495,000	$3,495,000	15
			$3,595,000 - $3,599,999	1	$3,595,000	$3,595,000	$3,595,000	415
			$3,700,000 - $3,704,999	1	$3,700,000	$3,700,000	$3,700,000	15
			$3,750,000 - $3,754,999	1	$3,750,000	$3,750,000	$3,750,000	380
			$3,995,000 - $3,999,999	2	$7,990,000	$3,995,000	$3,995,000	737
			$4,295,000 - $4,299,999	1	$4,299,500	$4,299,500	$4,299,500	406
			$4,495,000 - $4,499,999	2	$8,994,000	$4,497,000	$4,497,000	171
			$4,650,000 - $4,654,999	2	$9,300,000	$4,650,000	$4,650,000	858
			$4,675,000 - $4,679,999	1	$4,675,000	$4,675,000	$4,675,000	383
			$4,680,000 - $4,684,999	1	$4,680,000	$4,680,000	$4,680,000	413
			$4,750,000 - $4,754,999	1	$4,750,000	$4,750,000	$4,750,000	73
			$4,900,000 - $4,904,999	1	$4,900,000	$4,900,000	$4,900,000	7
			$4,950,000 - $4,954,999	1	$4,950,000	$4,950,000	$4,950,000	213
			$5,400,000 - $5,404,999	1	$5,400,000	$5,400,000	$5,400,000	41
			$5,450,000 - $5,454,999	1	$5,450,000	$5,450,000	$5,450,000	364
			$5,495,000 - $5,499,999	3	$16,485,000	$5,495,000	$5,495,000	300
			$6,350,000 - $6,354,999	1	$6,350,000	$6,350,000	$6,350,000	260
			$6,475,000 - $6,479,999	1	$6,475,000	$6,475,000	$6,475,000	54
			$6,500,000 - $6,504,999	1	$6,500,000	$6,500,000	$6,500,000	43
			$6,970,000 - $6,974,999	1	$6,974,000	$6,974,000	$6,974,000	386
			$7,900,000 - $7,904,999	1	$7,900,000	$7,900,000	$7,900,000	295
			$18,750,000 - $18,754,999	1	$18,750,000	$18,750,000	$18,750,000	261
			$100,000,000 - $100,004,999	1	$100,000,000	$100,000,000	$100,000,000	1372
			Sub Total	194	$396,703,625	$2,044,864	$712,000	255
New
	RESIDENTIAL
		Residential
			$195,000 - $199,999	1	$195,000	$195,000	$195,000	10
			$330,000 - $334,999	1	$330,000	$330,000	$330,000	7
			$495,000 - $499,999	1	$499,900	$499,900	$499,900	2
			$725,000 - $729,999	1	$725,000	$725,000	$725,000	2
			Sub Total	4	$1,749,900	$437,475	$414,950	5
Extended
	RESIDENTIAL
		Residential
			$185,000 - $189,999	1	$189,900	$189,900	$189,900	214
			$225,000 - $229,999	1	$225,000	$225,000	$225,000	227
			$315,000 - $319,999	1	$315,000	$315,000	$315,000	511
			$4,500,000 - $4,504,999	1	$4,500,000	$4,500,000	$4,500,000	385
			$4,995,000 - $4,999,999	1	$4,995,000	$4,995,000	$4,995,000	328
			Sub Total	5	$10,224,900	$2,044,980	$315,000	333
Price Raised
	RESIDENTIAL
		Residential
			$725,000 - $729,999	1	$729,000	$729,000	$729,000	24
			$1,000,000 - $1,004,999	1	$1,000,000	$1,000,000	$1,000,000	20
			Sub Total	2	$1,729,000	$864,500	$864,500	22
Price Reduced
	RESIDENTIAL
		Residential
			$245,000 - $249,999	1	$249,000	$249,000	$249,000	482
			$925,000 - $929,999	1	$925,000	$925,000	$925,000	503
			$995,000 - $999,999	1	$995,000	$995,000	$995,000	42
			Sub Total	3	$2,169,000	$723,000	$925,000	342
Active/Pending-Call
	RESIDENTIAL
		Residential
			$195,000 - $199,999	1	$199,000	$199,000	$199,000	273
			$325,000 - $329,999	1	$329,000	$329,000	$329,000	42
			$495,000 - $499,999	1	$499,000	$499,000	$499,000	69
			$595,000 - $599,999	2	$1,190,000	$595,000	$595,000	97
			$695,000 - $699,999	1	$695,000	$695,000	$695,000	32
			$770,000 - $774,999	1	$774,900	$774,900	$774,900	136
			Sub Total	7	$3,686,900	$526,700	$595,000	106
Active/Pending-Loan
	RESIDENTIAL
		Residential
			$375,000 - $379,999	1	$375,000	$375,000	$375,000	241
			$645,000 - $649,999	1	$649,000	$649,000	$649,000	99
			$1,295,000 - $1,299,999	1	$1,295,000	$1,295,000	$1,295,000	147
			Sub Total	3	$2,319,000	$773,000	$649,000	162
Active/Pending-House
	RESIDENTIAL
		Residential
			$1,000,000 - $1,004,999	1	$1,000,000	$1,000,000	$1,000,000	83
			Sub Total	1	$1,000,000	$1,000,000	$1,000,000	83
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			$75,000 - $79,999	1	$79,900	$79,900	$79,900	252
			$105,000 - $109,999	1	$109,900	$109,900	$109,900	98
			$120,000 - $124,999	1	$122,500	$122,500	$122,500	92
			$245,000 - $249,999	2	$498,900	$249,450	$249,450	24
			$345,000 - $349,999	1	$349,500	$349,500	$349,500	1350
			$415,000 - $419,999	1	$419,000	$419,000	$419,000	566
			$425,000 - $429,999	1	$425,000	$425,000	$425,000	280
			$975,000 - $979,999	1	$979,000	$979,000	$979,000	553
			$1,365,000 - $1,369,999	1	$1,365,000	$1,365,000	$1,365,000	394
			$1,500,000 - $1,504,999	1	$1,500,000	$1,500,000	$1,500,000	1192
			$1,690,000 - $1,694,999	1	$1,690,000	$1,690,000	$1,690,000	143
			$2,100,000 - $2,104,999	1	$2,100,000	$2,100,000	$2,100,000	377
			Sub Total	13	$9,638,700	$741,438	$419,000	411
SOLD
	RESIDENTIAL
		Residential
			$115,000 - $119,999	1	$115,000	$115,000	$115,000	125
			$125,000 - $129,999	1	$125,000	$125,000	$125,000	153
			$165,000 - $169,999	2	$334,000	$167,000	$167,000	71
			$175,000 - $179,999	1	$179,000	$179,000	$179,000	79
			$190,000 - $194,999	1	$190,000	$190,000	$190,000	836
			$195,000 - $199,999	1	$198,000	$198,000	$198,000	435
			$200,000 - $204,999	1	$202,500	$202,500	$202,500	89
			$215,000 - $219,999	1	$215,900	$215,900	$215,900	18
			$235,000 - $239,999	1	$235,000	$235,000	$235,000	440
			$245,000 - $249,999	1	$245,000	$245,000	$245,000	70
			$250,000 - $254,999	1	$250,000	$250,000	$250,000	61
			$265,000 - $269,999	2	$532,500	$266,250	$266,250	96
			$285,000 - $289,999	2	$570,900	$285,450	$285,450	182
			$295,000 - $299,999	1	$295,000	$295,000	$295,000	207
			$300,000 - $304,999	1	$300,000	$300,000	$300,000	2
			$315,000 - $319,999	1	$315,000	$315,000	$315,000	176
			$365,000 - $369,999	1	$365,000	$365,000	$365,000	25
			$370,000 - $374,999	1	$372,500	$372,500	$372,500	59
			$380,000 - $384,999	1	$380,000	$380,000	$380,000	125
			$395,000 - $399,999	2	$794,000	$397,000	$397,000	171
			$400,000 - $404,999	1	$400,000	$400,000	$400,000	33
			$410,000 - $414,999	1	$410,000	$410,000	$410,000	426
			$420,000 - $424,999	1	$424,000	$424,000	$424,000	99
			$425,000 - $429,999	1	$425,000	$425,000	$425,000	79
			$445,000 - $449,999	2	$895,250	$447,625	$447,625	209
			$450,000 - $454,999	1	$450,000	$450,000	$450,000	174
			$470,000 - $474,999	1	$470,000	$470,000	$470,000	125
			$475,000 - $479,999	2	$950,000	$475,000	$475,000	311
			$480,000 - $484,999	1	$480,000	$480,000	$480,000	42
			$485,000 - $489,999	1	$485,000	$485,000	$485,000	28
			$490,000 - $494,999	1	$490,000	$490,000	$490,000	549
			$515,000 - $519,999	1	$519,900	$519,900	$519,900	81
			$535,000 - $539,999	1	$535,000	$535,000	$535,000	300
			$555,000 - $559,999	1	$555,000	$555,000	$555,000	132
			$570,000 - $574,999	1	$570,000	$570,000	$570,000	23
			$575,000 - $579,999	1	$575,000	$575,000	$575,000	2
			$725,000 - $729,999	2	$1,450,000	$725,000	$725,000	646
			$730,000 - $734,999	1	$730,000	$730,000	$730,000	939
			$750,000 - $754,999	1	$750,000	$750,000	$750,000	43
			$765,000 - $769,999	1	$767,000	$767,000	$767,000	443
			$845,000 - $849,999	1	$849,000	$849,000	$849,000	123
			$1,025,000 - $1,029,999	1	$1,025,000	$1,025,000	$1,025,000	635
			$1,060,000 - $1,064,999	1	$1,060,000	$1,060,000	$1,060,000	957
			$1,265,000 - $1,269,999	1	$1,265,000	$1,265,000	$1,265,000	111
			$1,500,000 - $1,504,999	1	$1,500,000	$1,500,000	$1,500,000	52
			$1,525,000 - $1,529,999	1	$1,525,000	$1,525,000	$1,525,000	724
			$1,700,000 - $1,704,999	1	$1,700,000	$1,700,000	$1,700,000	656
			$1,750,000 - $1,754,999	1	$1,750,000	$1,750,000	$1,750,000	337
			$2,550,000 - $2,554,999	1	$2,550,000	$2,550,000	$2,550,000	299
			$5,750,000 - $5,754,999	1	$5,750,000	$5,750,000	$5,750,000	998
			$5,900,000 - $5,904,999	1	$5,900,000	$5,900,000	$5,900,000	497
			Sub Total	58	$43,419,450	$748,611	$447,625	262
PENDING-No Show
	RESIDENTIAL
		Residential
			$215,000 - $219,999	1	$219,900	$219,900	$219,900	37
			$345,000 - $349,999	1	$349,000	$349,000	$349,000	62
			$525,000 - $529,999	1	$529,900	$529,900	$529,900	35
			Sub Total	3	$1,098,800	$366,267	$349,000	45
Grand Totals				293	$473,739,275	$1,616,858	$625,000	253

 

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 trends.

The late spring snow storm did not deterr the buying activity.  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 very slightly dip from 22.7% to 22.2%.  This is the result of the Active listings increasing by 10 as the Pending Sales remained the same.  It is interesting to note that the number of Pending REO’s is now at 18 and the Short Sales are at 54 which represents 61.5% of the Pending Sales.

This past week we saw 12 new sales for a YTD of 176 sales.  There were 5 sales at $400,000 and below. Then there were 3 other sales above that at $630,000, $699,000 and $3,525,000.  The later being a lake front property in the Tahoe Keys.  This increased the 6 month average by 3.7% which erased last weeks loss to $404,907.  The Average days on market for these sales is 253.

Listings per Status

Area Market Survey

Listings as of 05/14/10 at 12:23pm

Active Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 2 148   $100,000 thru $119,999 1 21   $120,000 thru $139,999 3 249   $140,000 thru $159,999 7 77   $160,000 thru $179,999 8 99   $180,000 thru $199,999 10 168   $200,000 thru $249,999 23 172   $250,000 thru $299,999 53 166   $300,000 thru $349,999 47 132   $350,000 thru $399,999 38 153   $400,000 thru $449,999 27 124   $450,000 thru $499,999 37 189   $500,000 thru $549,999 21 145   $550,000 thru $599,999 28 183   $600,000 thru $649,999 12 157   $650,000 thru $699,999 10 162   $700,000 thru $749,999 11 197   $750,000 thru $799,999 11 137   $800,000 thru $849,999 2 421   $850,000 thru $899,999 5 72   $900,000 thru $949,999 2 390   $950,000 thru $999,999 8 307   $1,000,000 thru $1,249,999 10 269   $1,250,000 thru $1,499,999 5 100   $1,500,000 thru $1,749,999 5 224   $1,750,000 thru $1,999,999 6 311   $2,000,000 thru $2,249,999 2 64   $2,250,000 thru $2,499,999 4 267   $2,500,000 thru $2,749,999 2 64   $3,750,000 thru $3,999,999 1 17   $4,000,000 thru $4,249,999 2 107   $4,250,000 thru $4,499,999 1 654   $4,750,000 thru $4,999,999 1 1402   $10,000,000 or more 1 148     406 170

Summary Price Information Minimum  $99,000 Maximum  $12,900,000 Average  $619,458 Median  $425,000

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.

Area Market Survey

Listings as of 05/14/10 at 12:23pm

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 84   $120,000 thru $139,999 1 102   $140,000 thru $159,999 4 53   $160,000 thru $179,999 5 165   $180,000 thru $199,999 10 165   $200,000 thru $249,999 18 154   $250,000 thru $299,999 20 246   $300,000 thru $349,999 15 119   $350,000 thru $399,999 9 206   $400,000 thru $449,999 2 46   $450,000 thru $499,999 3 96   $500,000 thru $549,999 4 179   $550,000 thru $599,999 6 265   $600,000 thru $649,999 2 305   $650,000 thru $699,999 1 43   $700,000 thru $749,999 5 213   $750,000 thru $799,999 3 428   $850,000 thru $899,999 1 150   $900,000 thru $949,999 1 73   $950,000 thru $999,999 2 421   $1,000,000 thru $1,249,999 3 230   $1,250,000 thru $1,499,999 1 385     117 188

Summary Price Information Minimum  $99,000 Maximum  $1,488,000 Average  $397,737 Median  $299,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $70,000 thru $79,999 1 82   $80,000 thru $89,999 2 106   $100,000 thru $119,999 1 38   $120,000 thru $139,999 4 269   $140,000 thru $159,999 12 95   $160,000 thru $179,999 10 102   $180,000 thru $199,999 9 113   $200,000 thru $249,999 40 100   $250,000 thru $299,999 34 129   $300,000 thru $349,999 26 158   $350,000 thru $399,999 26 189   $400,000 thru $449,999 16 239   $450,000 thru $499,999 15 147   $500,000 thru $549,999 7 129   $550,000 thru $599,999 10 189   $600,000 thru $649,999 8 211   $650,000 thru $699,999 10 99   $700,000 thru $749,999 3 67   $750,000 thru $799,999 5 295   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 439   $900,000 thru $949,999 2 374   $950,000 thru $999,999 1 1   $1,000,000 thru $1,249,999 3 330   $1,250,000 thru $1,499,999 2 295   $1,500,000 thru $1,749,999 1 0   $3,000,000 thru $3,249,999 1 117   $3,500,000 thru $3,749,999 1 244     253 153

Summary Price Information Minimum  $67,000 Maximum  $3,525,000 Average  $404,807 Median  $319,000

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.

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.

Despite the snowy, spring weather, Nevada is seeing good buyer activity.  To track the most current Buyer activity, I use the Market Activity Ratio which is the relationship between Active Listings and Pending Sales.  The Market Activity Ratio this past week decreased slightly from 16.4% to 14.9% which is the result of the Active LIstings increasing by 8 as the Pending sales decreased by 2.  It’s interesting to note that the number of Pending Short Sales did decrease by 2 for a total of 14.

This past week there were 4 new sales for a YTD total of 46 sales.  The sale prices were $267,500 at Lake Village, $570,000 at Upper Kingsbury, $1,525,00 at Round Hill, and $1,695,000 in Glenbrook.  This increased the 6 month Average Sales Price by 7.5% to $820,479.  The average days on market for the sold properties is 268 days.

Status	Class	Type	Area	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
Active Listings				198	$398,723,825	$2,013,757	$734,500	289
Listings Under Contract				3	$1,138,900	$379,633	$390,000	55
Listings Sold 2010				46	$34,403,550	$747,903	$447,625	256
ACTIVE
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	29	$8,737,900	$301,307	$265,500	340
			Upper Kingsbury	6	$4,933,000	$822,167	$547,000	303
			Mid Kingsbury	11	$9,674,000	$879,455	$550,000	311
			Lower Kingsbury	4	$6,348,000	$1,587,000	$1,404,500	260
			Lincoln Park	1	$1,695,000	$1,695,000	$1,695,000	560
			Kahle Park	1	$279,000	$279,000	$279,000	440
			Lake Village	11	$4,817,950	$437,995	$359,950	155
			Round Hill	10	$7,325,999	$732,600	$697,000	377
			Elk Point	2	$3,460,000	$1,730,000	$1,730,000	248
			Pinewild/Marla	10	$9,026,677	$902,668	$661,500	189
			Zephyr Heights/Knolls	10	$9,084,000	$908,400	$732,000	138
			Zephyr Cove	1	$510,000	$510,000	$510,000	23
			Skyland/Tall Pn/Snug Harbor	7	$5,807,000	$829,571	$625,000	159
			Hidden Woods	3	$6,470,000	$2,156,667	$2,595,000	283
			Upper & Lower Lakeridge - LT	2	$2,094,999	$1,047,500	$1,047,500	654
			Cave Rock	7	$12,551,000	$1,793,000	$1,040,000	198
			Logan/Cedarbrok	2	$5,645,000	$2,822,500	$2,822,500	500
			Glenbrk/Uppaway	20	$66,758,500	$3,337,925	$2,567,500	325
			Lakefront Propt	15	$183,390,000	$12,226,000	$4,950,000	515
			Sub Total	152	$348,608,025	$2,293,474	$746,500	304
New
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	2	$534,000	$267,000	$267,000	3
			Mid Kingsbury	1	$555,000	$555,000	$555,000	3
			Kahle Park	1	$370,000	$370,000	$370,000	8
			Round Hill	1	$1,850,000	$1,850,000	$1,850,000	2
			Logan/Cedarbrok	1	$6,500,000	$6,500,000	$6,500,000	1
			Glenbrk/Uppaway	2	$2,444,000	$1,222,000	$1,222,000	4
			Sub Total	8	$12,253,000	$1,531,625	$852,000	4
Back On Market
	RESIDENTIAL
		Residential
			Lower Kingsbury	1	$239,000	$239,000	$239,000	231
			Sub Total	1	$239,000	$239,000	$239,000	231
Extended
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$315,000	$315,000	$315,000	469
			Skyland/Tall Pn/Snug Harbor	1	$1,064,000	$1,064,000	$1,064,000	188
			Hidden Woods	1	$1,000,000	$1,000,000	$1,000,000	41
			Sub Total	3	$2,379,000	$793,000	$1,000,000	233
Price Raised
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$146,000	$146,000	$146,000	314
			Round Hill	1	$588,000	$588,000	$588,000	3
			Sub Total	2	$734,000	$367,000	$367,000	159
Price Reduced
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$189,000	$189,000	$189,000	91
			Lower Kingsbury	1	$1,825,000	$1,825,000	$1,825,000	109
			Round Hill	1	$1,850,000	$1,850,000	$1,850,000	165
			Zephyr Heights/Knolls	1	$925,000	$925,000	$925,000	126
			Lakefront Propt	1	$6,350,000	$6,350,000	$6,350,000	218
			Sub Total	5	$11,139,000	$2,227,800	$1,825,000	142
Active/Pending-Call
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$1,291,900	$430,633	$595,000	84
			Upper Kingsbury	1	$535,000	$535,000	$535,000	70
			Mid Kingsbury	1	$479,000	$479,000	$479,000	27
			Zephyr Heights/Knolls	1	$750,000	$750,000	$750,000	10
			Skyland/Tall Pn/Snug Harbor	1	$895,000	$895,000	$895,000	394
			Glenbrk/Uppaway	1	$2,850,000	$2,850,000	$2,850,000	261
			Sub Total	8	$6,800,900	$850,113	$595,000	127
Active/Pending-Loan
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	1	$219,000	$219,000	$219,000	77
			Zephyr Heights/Knolls	1	$745,000	$745,000	$745,000	360
			Upper & Lower Lakeridge - LT	2	$2,144,000	$1,072,000	$1,072,000	254
			Lakefront Propt	1	$2,995,000	$2,995,000	$2,995,000	716
			Sub Total	5	$6,103,000	$1,220,600	$849,000	332
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	3	$401,400	$133,800	$122,500	359
			Upper Kingsbury	1	$2,100,000	$2,100,000	$2,100,000	336
			Mid Kingsbury	1	$399,000	$399,000	$399,000	302
			Lake Village	1	$349,500	$349,500	$349,500	1308
			Round Hill	2	$784,000	$392,000	$392,000	217
			Zephyr Heights/Knolls	4	$3,569,000	$892,250	$730,000	328
			Cave Rock	2	$2,865,000	$1,432,500	$1,432,500	751
			Sub Total	14	$10,467,900	$747,707	$422,000	448
SOLD
	RESIDENTIAL
		Residential
			Summit/Tahoe VL	12	$2,583,200	$215,267	$188,500	159
			Upper Kingsbury	7	$2,568,900	$366,986	$395,000	145
			Mid Kingsbury	6	$2,972,000	$495,333	$454,500	252
			Lower Kingsbury	1	$470,000	$470,000	$470,000	125
			Lincoln Park	1	$450,000	$450,000	$450,000	174
			Lake Village	8	$2,206,400	$275,800	$266,250	96
			Round Hill	7	$6,225,250	$889,321	$449,000	242
			Pinewild/Marla	1	$475,000	$475,000	$475,000	401
			Zephyr Heights/Knolls	3	$1,759,000	$586,333	$535,000	425
			Zephyr Cove	1	$730,000	$730,000	$730,000	939
			Skyland/Tall Pn/Snug Harbor	3	$1,430,000	$476,667	$555,000	45
			Upper & Lower Lakeridge - LT	2	$1,324,000	$662,000	$662,000	172
			Cave Rock	1	$1,300,000	$1,300,000	$1,300,000	985
			Logan/Cedarbrok	1	$1,060,000	$1,060,000	$1,060,000	957
			Glenbrk/Uppaway	3	$8,425,000	$2,808,333	$1,500,000	395
			Lakefront Propt	3	$15,250,000	$5,083,333	$5,750,000	795
			Sub Total	60	$49,228,750	$820,479	$435,625	263
PENDING-No Show
	RESIDENTIAL
		Residential
			Upper Kingsbury	1	$399,900	$399,900	$399,900	111
			Lake Village	1	$349,000	$349,000	$349,000	20
			Cave Rock	1	$390,000	$390,000	$390,000	35
			Sub Total	3	$1,138,900	$379,633	$390,000	55

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