South Lake Tahoe Weekly Real Estate Market Update 9/8/11

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.

Inventory is continueing to drop which is typical for this time of year and September is showing why its still a strong month 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 increased from 19.8% to 22%.  This is the result of Active listings decreasing by 19 as the Pending sales increased by 11.  The distress sales (Short sales and bank owned foreclosures) continues to impact our market as it represents 18.6% of the active inventory and 54% of the pending sales.

This past week there were 11 new sales for a YTD of 368 sales.  These sales ranged from $98,500 to $725,000.  Most of the sales were below $245,000 with the exception of three sales which were on Ala Wai for $390,000, Nadowa for $465,000 and Daggott Ct for $725,000.  This decreased the 6 month average sales price by .6% to $337,619.  Last year at on September 10th the were 373 sales and the 6 month average sales price was at $396,641 which is a 14.9% higher than todays average.

Listings per Status

Area Market Survey Listings as of 09/08/11 at 7:38pm   Active Listing Price Range Quantity Average DOM   $40,000 thru $49,999 1 217   $70,000 thru $79,999 1 0   $80,000 thru $89,999 2 128   $90,000 thru $99,999 1 153   $100,000 thru $119,999 7 91   $120,000 thru $139,999 14 136   $140,000 thru $159,999 14 89   $160,000 thru $179,999 19 137   $180,000 thru $199,999 32 116   $200,000 thru $249,999 54 239   $250,000 thru $299,999 47 173   $300,000 thru $349,999 32 173   $350,000 thru $399,999 31 99   $400,000 thru $449,999 31 178   $450,000 thru $499,999 37 185   $500,000 thru $549,999 11 181   $550,000 thru $599,999 17 149   $600,000 thru $649,999 14 239   $650,000 thru $699,999 15 76   $700,000 thru $749,999 8 123   $750,000 thru $799,999 6 169   $800,000 thru $849,999 6 116   $850,000 thru $899,999 5 208   $900,000 thru $949,999 3 204   $950,000 thru $999,999 4 401   $1,000,000 thru $1,249,999 1 408   $1,250,000 thru $1,499,999 12 141   $1,500,000 thru $1,749,999 7 381   $1,750,000 thru $1,999,999 2 370   $2,000,000 thru $2,249,999 4 350   $2,250,000 thru $2,499,999 1 546   $2,500,000 thru $2,749,999 2 546   $3,250,000 thru $3,499,999 1 50   $3,500,000 thru $3,749,999 2 428   $4,250,000 thru $4,499,999 2 267   $10,000,000 or more 1 630     447 175     Summary Price Information Minimum $45,000 Maximum $12,900,000 Average $530,621 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 09/08/11 at 7:38pm   Pending Listing Price Range Quantity Average DOM   $80,000 thru $89,999 1 44   $90,000 thru $99,999 2 75   $100,000 thru $119,999 1 189   $120,000 thru $139,999 4 75   $140,000 thru $159,999 9 133   $160,000 thru $179,999 13 116   $180,000 thru $199,999 9 142   $200,000 thru $249,999 25 93   $250,000 thru $299,999 13 215   $300,000 thru $349,999 13 82   $350,000 thru $399,999 7 168   $400,000 thru $449,999 6 61   $450,000 thru $499,999 9 196   $500,000 thru $549,999 4 83   $550,000 thru $599,999 2 209   $600,000 thru $649,999 2 156   $650,000 thru $699,999 1 80   $800,000 thru $849,999 1 143   $900,000 thru $949,999 1 87   $1,000,000 thru $1,249,999 1 91   $3,750,000 thru $3,999,999 1 94   $4,000,000 thru $4,249,999 1 117     126 126     Summary Price Information Minimum $80,000 Maximum $4,200,000 Average $364,255 Median $249,000   Sold Selling Price Range Quantity Average DOM   $60,000 thru $69,999 2 106   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 7 111   $100,000 thru $119,999 6 155   $120,000 thru $139,999 9 113   $140,000 thru $159,999 17 191   $160,000 thru $179,999 18 100   $180,000 thru $199,999 16 132   $200,000 thru $249,999 44 142   $250,000 thru $299,999 30 162   $300,000 thru $349,999 35 160   $350,000 thru $399,999 15 83   $400,000 thru $449,999 16 159   $450,000 thru $499,999 10 152   $500,000 thru $549,999 13 116   $550,000 thru $599,999 11 227   $600,000 thru $649,999 5 241   $650,000 thru $699,999 2 130   $700,000 thru $749,999 4 239   $750,000 thru $799,999 4 66   $800,000 thru $849,999 3 192   $900,000 thru $949,999 1 422   $950,000 thru $999,999 1 285   $1,000,000 thru $1,249,999 1 94   $1,250,000 thru $1,499,999 2 583   $1,500,000 thru $1,749,999 1 585   $2,500,000 thru $2,749,999 1 445     277 154     Summary Price Information Minimum $65,000 Maximum $2,630,000 Average $337,619 Median $280,000   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

South Lake Tahoe Weekly Real Estate Market Update 7/15/11

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.

The Buyers are Buzzing!  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 increased from 16.3% to 17.5%.  This is the result of the Active listings increasing by 4 as the Pending sales increased by 7.  It’s interesting to note that the percentage of distress sales (short sales and bank owned properties) is lower with Active listing inventory representing 17.2% and Pending sales inventory representing 57.3%.

There were 15 new sales this past week for a YTD of 283 sales.  These sales ranged from $175,000 to $523,500.  Most of the sales were below $365,000 with 3 sales above that for $458,000 on Cherry Hills, $470,000 on Southern Pines and $523,500 on Genevieve Ct.  This did decrease the 6 month average sales price by .8% to $346,628.  The average days on market are 171 days.

Listings per Status

Area Market Survey

Listings as of 07/15/11 at 11:05am

Active Listing Price Range Quantity Average DOM $40,000 thru $49,999 1 162 $80,000 thru $89,999 1 119 $90,000 thru $99,999 5 85 $100,000 thru $119,999 3 71 $120,000 thru $139,999 9 101 $140,000 thru $159,999 15 79 $160,000 thru $179,999 28 119 $180,000 thru $199,999 26 143 $200,000 thru $249,999 61 189 $250,000 thru $299,999 52 182 $300,000 thru $349,999 37 132 $350,000 thru $399,999 24 122 $400,000 thru $449,999 26 183 $450,000 thru $499,999 38 170 $500,000 thru $549,999 18 132 $550,000 thru $599,999 14 140 $600,000 thru $649,999 15 114 $650,000 thru $699,999 16 159 $700,000 thru $749,999 5 22 $750,000 thru $799,999 8 126 $800,000 thru $849,999 5 207 $850,000 thru $899,999 3 116 $900,000 thru $949,999 3 356 $950,000 thru $999,999 6 511 $1,000,000 thru $1,249,999 1 353 $1,250,000 thru $1,499,999 9 184 $1,500,000 thru $1,749,999 7 383 $1,750,000 thru $1,999,999 2 315 $2,000,000 thru $2,249,999 4 295 $2,250,000 thru $2,499,999 1 491 $2,500,000 thru $2,749,999 2 491 $3,250,000 thru $3,499,999 1 311 $3,500,000 thru $3,749,999 2 373 $4,000,000 thru $4,249,999 1 62 $4,250,000 thru $4,499,999 3 154 $10,000,000 or more 1 575 453 166

Summary Price Information Minimum $45,000 Maximum $12,900,000 Average $537,818 Median $339,000

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 07/15/11 at 11:05am

Pending Listing Price Range Quantity Average DOM $70,000 thru $79,999 1 125 $90,000 thru $99,999 2 50 $100,000 thru $119,999 2 51 $120,000 thru $139,999 4 64 $140,000 thru $159,999 5 57 $160,000 thru $179,999 5 120 $180,000 thru $199,999 5 192 $200,000 thru $249,999 13 106 $250,000 thru $299,999 15 170 $300,000 thru $349,999 8 85 $350,000 thru $399,999 4 48 $400,000 thru $449,999 8 125 $450,000 thru $499,999 8 208 $500,000 thru $549,999 3 79 $550,000 thru $599,999 1 324 $600,000 thru $649,999 3 295 $650,000 thru $699,999 4 157 $750,000 thru $799,999 3 79 $1,000,000 thru $1,249,999 2 228 96 132

Summary Price Information Minimum $75,000 Maximum $1,179,900 Average $350,532 Median $299,000

Sold Selling Price Range Quantity Average DOM $60,000 thru $69,999 2 106 $70,000 thru $79,999 1 50 $90,000 thru $99,999 5 132 $100,000 thru $119,999 5 177 $120,000 thru $139,999 6 108 $140,000 thru $159,999 14 193 $160,000 thru $179,999 17 125 $180,000 thru $199,999 17 157 $200,000 thru $249,999 45 152 $250,000 thru $299,999 36 160 $300,000 thru $349,999 29 181 $350,000 thru $399,999 15 93 $400,000 thru $449,999 13 141 $450,000 thru $499,999 12 214 $500,000 thru $549,999 11 144 $550,000 thru $599,999 14 222 $600,000 thru $649,999 3 206 $650,000 thru $699,999 4 345 $700,000 thru $749,999 4 333 $750,000 thru $799,999 3 92 $800,000 thru $849,999 3 192 $950,000 thru $999,999 2 424 $1,000,000 thru $1,249,999 1 94 $1,250,000 thru $1,499,999 2 583 $1,500,000 thru $1,749,999 1 585 $2,500,000 thru $2,749,999 1 445 266 171

Summary Price Information Minimum $65,000 Maximum $2,630,000 Average $346,628 Median $281,750

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

Lake Tahoe Weekly Real Estate Market Statistics For The East Shore 7/8/11

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 Buyer pace in Nevada has remained about the same with a little increase in the inventory.  To measure the most current Buyer activitiy, I use the Market Activity Ratio which is the relationship between the Active listings and Pending sales.  This past week the market activity ratio slightly decreased from 8.4% to 8.3%.  This is the result of the Active listings increasing by 3 as the Pending sales remained the same.  The distress sales (short sales and bank owned properties) now represents only 7% of the Active inventory and 61.1% of the Pending sales.

There was 1 new sales this past week for a YTD of 63 sales.  The sale was a home on Irwin Dr for $195,000.  Despite the lower sale the 6 month average sales price is a little higher at $1,033,797.  The average days on market are 253 days.

South Lake Tahoe Weekly Real Estate Market Update 7/8/11

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 is now July and the buying season begins.  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 decreased.  This is the result of the Active listings increasing by 7 as the Pending sales remained the same.  It’s interesting to note that the Distress sales (Short sales and bank owned properties) represents a lower portion of the Active listings which is 17.9% and Pending sales which is now 58.4%

There were 7 new sales this past week for a YTD of 268 sales.  These sales ranged from $165,000 to $580,000.  Most of these sales were below $281,000 with two sales above that and they were on Venice Dr for $400,000 and Toppewetah St for $580,000.  The Average 6 months sales price dropped by .2% to $349,492.  The average days on market are 176 days.

Listings per Status

Area Market Survey

Listings as of 07/08/11 at 8:08am

Active Listing Price Range Quantity Average DOM $40,000 thru $49,999 1 155 $80,000 thru $89,999 1 112 $90,000 thru $99,999 5 78 $100,000 thru $119,999 3 86 $120,000 thru $139,999 10 118 $140,000 thru $159,999 12 84 $160,000 thru $179,999 31 106 $180,000 thru $199,999 28 132 $200,000 thru $249,999 61 186 $250,000 thru $299,999 53 168 $300,000 thru $349,999 35 129 $350,000 thru $399,999 23 91 $400,000 thru $449,999 33 179 $450,000 thru $499,999 40 164 $500,000 thru $549,999 17 88 $550,000 thru $599,999 13 202 $600,000 thru $649,999 11 140 $650,000 thru $699,999 17 152 $700,000 thru $749,999 4 90 $750,000 thru $799,999 8 115 $800,000 thru $849,999 5 211 $850,000 thru $899,999 3 109 $900,000 thru $949,999 3 349 $950,000 thru $999,999 5 599 $1,000,000 thru $1,249,999 2 186 $1,250,000 thru $1,499,999 9 177 $1,500,000 thru $1,749,999 7 376 $1,750,000 thru $1,999,999 2 308 $2,000,000 thru $2,249,999 4 288 $2,250,000 thru $2,499,999 1 484 $2,500,000 thru $2,749,999 2 484 $3,250,000 thru $3,499,999 1 304 $3,500,000 thru $3,749,999 2 366 $4,000,000 thru $4,249,999 1 55 $4,250,000 thru $4,499,999 3 147 $10,000,000 or more 1 568 457 163

Summary Price Information Minimum $45,000 Maximum $12,900,000 Average $533,327 Median $339,000

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 07/08/11 at 8:08am

Pending Listing Price Range Quantity Average DOM $70,000 thru $79,999 1 118 $90,000 thru $99,999 2 43 $100,000 thru $119,999 3 79 $120,000 thru $139,999 2 75 $140,000 thru $159,999 2 51 $160,000 thru $179,999 7 88 $180,000 thru $199,999 4 188 $200,000 thru $249,999 12 126 $250,000 thru $299,999 14 182 $300,000 thru $349,999 9 76 $350,000 thru $399,999 3 48 $400,000 thru $449,999 8 101 $450,000 thru $499,999 7 201 $500,000 thru $549,999 3 188 $550,000 thru $599,999 2 173 $600,000 thru $649,999 2 245 $650,000 thru $699,999 4 150 $750,000 thru $799,999 2 104 $1,000,000 thru $1,249,999 2 221 89 133

Summary Price Information Minimum $75,000 Maximum $1,179,900 Average $351,739 Median $299,000

Sold Selling Price Range Quantity Average DOM $60,000 thru $69,999 2 106 $70,000 thru $79,999 1 50 $90,000 thru $99,999 4 147 $100,000 thru $119,999 5 177 $120,000 thru $139,999 6 108 $140,000 thru $159,999 14 193 $160,000 thru $179,999 16 130 $180,000 thru $199,999 17 157 $200,000 thru $249,999 43 164 $250,000 thru $299,999 36 163 $300,000 thru $349,999 29 194 $350,000 thru $399,999 16 115 $400,000 thru $449,999 14 137 $450,000 thru $499,999 11 214 $500,000 thru $549,999 10 118 $550,000 thru $599,999 13 220 $600,000 thru $649,999 3 206 $650,000 thru $699,999 4 345 $700,000 thru $749,999 4 333 $750,000 thru $799,999 3 92 $800,000 thru $849,999 4 176 $950,000 thru $999,999 2 424 $1,000,000 thru $1,249,999 1 94 $1,250,000 thru $1,499,999 2 583 $1,500,000 thru $1,749,999 1 585 $2,500,000 thru $2,749,999 1 445 262 176

Summary Price Information Minimum $65,000 Maximum $2,630,000 Average $349,492 Median $285,000

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

Listings per Status

Listings per Status

Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 5/27/11

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 buyer activity in Nevada has cooled with the weather.  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 the market activity ratio decreased from 8% to 6.8%.  This is the result of the Active listings increasing by 5 as the Pending sales decreased by 3.  The distress sales which are the short sales and foreclosures represent 13.6% of the available homes for sale and 58.6% of all the pending sales in escrow.

This past week there was 1 new sale for a YTD of 54 sales.  This was in Glenbrook for the price of $6,237,000.  This substancially increased the 6 month average sales price by 13.1% to $771,292.  The average days on market are 246 days.

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