South Lake Tahoe Weekly Real Estate Market Update 8/19/11

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 past couple of weeks our market experienced a spike in activity but will it continue?  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 had increased from 18% to 19.8%.  This is the result of the Active inventory increasing by 10 as the Pending sales increased by 10.  The distress sales (short sales and bank owned properties)  continue to impact the market as it comprises 17.1% of the Active inventory and 56.5% of the Pending inventory.

This past week there were 8 new sales for a YTD of 337 sales.  These sales ranged from only $200,000 to $357,500.  This decreased the 6 month average sales price by 1.4% to $341,357.  The average days on market are 155 days.

Listings per Status

Area Market Survey

Listings as of 08/19/11 at 8:05am

Active Listing Price Range Quantity Average DOM $80,000 thru $89,999 1 154 $90,000 thru $99,999 3 103 $100,000 thru $119,999 6 86 $120,000 thru $139,999 12 129 $140,000 thru $159,999 19 93 $160,000 thru $179,999 20 140 $180,000 thru $199,999 32 142 $200,000 thru $249,999 59 212 $250,000 thru $299,999 47 175 $300,000 thru $349,999 37 159 $350,000 thru $399,999 28 92 $400,000 thru $449,999 31 153 $450,000 thru $499,999 42 177 $500,000 thru $549,999 15 177 $550,000 thru $599,999 17 167 $600,000 thru $649,999 14 175 $650,000 thru $699,999 13 137 $700,000 thru $749,999 9 44 $750,000 thru $799,999 6 234 $800,000 thru $849,999 9 82 $850,000 thru $899,999 4 240 $900,000 thru $949,999 3 184 $950,000 thru $999,999 5 641 $1,000,000 thru $1,249,999 1 388 $1,250,000 thru $1,499,999 11 183 $1,500,000 thru $1,749,999 7 418 $1,750,000 thru $1,999,999 2 350 $2,000,000 thru $2,249,999 4 330 $2,250,000 thru $2,499,999 1 526 $2,500,000 thru $2,749,999 2 526 $3,250,000 thru $3,499,999 1 30 $3,500,000 thru $3,749,999 2 408 $3,750,000 thru $3,999,999 1 74 $4,250,000 thru $4,499,999 2 247 $10,000,000 or more 1 610 467 173

Summary Price Information Minimum $82,000 Maximum $12,900,000 Average $531,656 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 08/19/11 at 8:05am

Pending Listing Price Range Quantity Average DOM $40,000 thru $49,999 1 197 $80,000 thru $89,999 1 24 $90,000 thru $99,999 4 72 $120,000 thru $139,999 6 78 $140,000 thru $159,999 6 142 $160,000 thru $179,999 11 111 $180,000 thru $199,999 8 76 $200,000 thru $249,999 20 112 $250,000 thru $299,999 13 237 $300,000 thru $349,999 10 92 $350,000 thru $399,999 8 160 $400,000 thru $449,999 3 46 $450,000 thru $499,999 10 177 $500,000 thru $549,999 4 81 $550,000 thru $599,999 3 194 $600,000 thru $649,999 1 114 $650,000 thru $699,999 2 229 $750,000 thru $799,999 1 19 $900,000 thru $949,999 1 67 $1,000,000 thru $1,249,999 1 73 $4,000,000 thru $4,249,999 1 97 115 129

Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $341,162 Median $251,000

Sold Selling Price Range Quantity Average DOM $60,000 thru $69,999 2 106 $70,000 thru $79,999 2 100 $90,000 thru $99,999 6 123 $100,000 thru $119,999 6 155 $120,000 thru $139,999 5 89 $140,000 thru $159,999 16 194 $160,000 thru $179,999 18 106 $180,000 thru $199,999 17 140 $200,000 thru $249,999 43 130 $250,000 thru $299,999 33 160 $300,000 thru $349,999 32 162 $350,000 thru $399,999 18 99 $400,000 thru $449,999 16 151 $450,000 thru $499,999 9 158 $500,000 thru $549,999 11 118 $550,000 thru $599,999 12 234 $600,000 thru $649,999 4 202 $650,000 thru $699,999 2 130 $700,000 thru $749,999 4 333 $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 1 445 270 155

Summary Price Information Minimum $65,000 Maximum $2,630,000 Average $341,357 Median $283,750

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

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

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.

New Sales are dropping as we approach the slower season during winter and the holidays.  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 did drop significantly from 20.5% to 18.1%.  This is the result of the active listings increasing by 12 as the pending sales decreased by 13.  The ratios are increasing with pending distress sales and active distress listings which are at 64.9% and 17.8% respectively.  As the sales slow down the distress sale inventory continues to build up.  This could result in continued downward pressure on pricing.

There were 15 new sales this past week for a YTD of 470 sales.  These sales range from $99,000 to $725,000.  Most of these sales did occur below $460,000 with three sales above that in the amounts of $600,000 and $725,000 which were Tahoe Keys homes.  This did decrease the 6 month average sales price by 1.6% to $385,502.  The average days on market are 149 days.  We are still finding buyers at the bottom of the market and the top end still remains scarce.  As the higher end makes adjustments, you might expect to find the better values there.

Listings per Status

 

Area Market Survey

Listings as of 10/29/10 at 9:46am

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 63   $90,000 thru $99,999 1 18   $100,000 thru $119,999 3 250   $120,000 thru $139,999 8 89   $140,000 thru $159,999 4 189   $160,000 thru $179,999 10 165   $180,000 thru $199,999 17 122   $200,000 thru $249,999 55 184   $250,000 thru $299,999 56 213   $300,000 thru $349,999 47 117   $350,000 thru $399,999 39 202   $400,000 thru $449,999 20 145   $450,000 thru $499,999 29 220   $500,000 thru $549,999 17 147   $550,000 thru $599,999 24 173   $600,000 thru $649,999 9 71   $650,000 thru $699,999 12 223   $700,000 thru $749,999 8 208   $750,000 thru $799,999 11 216   $800,000 thru $849,999 6 243   $850,000 thru $899,999 6 139   $950,000 thru $999,999 8 331   $1,000,000 thru $1,249,999 13 173   $1,250,000 thru $1,499,999 6 190   $1,500,000 thru $1,749,999 4 537   $1,750,000 thru $1,999,999 10 363   $2,000,000 thru $2,249,999 4 206   $2,250,000 thru $2,499,999 1 232   $2,500,000 thru $2,749,999 2 232   $2,750,000 thru $2,999,999 1 97   $3,250,000 thru $3,499,999 2 137   $3,500,000 thru $3,749,999 1 185   $3,750,000 thru $3,999,999 1 222   $4,000,000 thru $4,249,999 1 326   $4,750,000 thru $4,999,999 1 1570   $10,000,000 or more 1 316     439 190

Summary Price Information Minimum  $77,000 Maximum  $12,900,000 Average  $597,653 Median  $379,000

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 10/29/10 at 9:46am

Pending Listing Price Range  Quantity      Average DOM   $120,000 thru $139,999 3 205   $140,000 thru $159,999 3 159   $160,000 thru $179,999 8 74   $180,000 thru $199,999 7 117   $200,000 thru $249,999 15 106   $250,000 thru $299,999 23 170   $300,000 thru $349,999 5 113   $350,000 thru $399,999 4 284   $400,000 thru $449,999 4 205   $450,000 thru $499,999 8 162   $500,000 thru $549,999 3 169   $550,000 thru $599,999 2 126   $600,000 thru $649,999 5 136   $650,000 thru $699,999 1 255   $700,000 thru $749,999 1 520   $800,000 thru $849,999 1 106   $850,000 thru $899,999 1 1319   $900,000 thru $949,999 1 106   $950,000 thru $999,999 2 46     97 161

Summary Price Information Minimum  $125,000 Maximum  $999,900 Average  $354,525 Median  $289,000

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   $90,000 thru $99,999 1 245   $100,000 thru $119,999 3 123   $120,000 thru $139,999 9 106   $140,000 thru $159,999 13 85   $160,000 thru $179,999 9 170   $180,000 thru $199,999 18 100   $200,000 thru $249,999 53 156   $250,000 thru $299,999 48 128   $300,000 thru $349,999 30 144   $350,000 thru $399,999 24 129   $400,000 thru $449,999 11 108   $450,000 thru $499,999 16 124   $500,000 thru $549,999 12 125   $550,000 thru $599,999 17 229   $600,000 thru $649,999 11 175   $650,000 thru $699,999 7 244   $700,000 thru $749,999 9 305   $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 5 215   $3,500,000 thru $3,749,999 2 508     314 149

Summary Price Information Minimum  $58,000 Maximum  $3,575,000 Average  $385,502 Median  $295,000

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

South Lake Tahoe Weekly Real Estate Market Statistics

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.

After a spike in the buyer activity, the market settled a little this past week.  To track the Buyer activity, I use the Market Activity Ratio which is the relationship between Active Listings and Pending Sales.  This past week it slightly dipped from a robust 23.2% to 22.4%.  This is the result of the inventory increasing by 11 as the pending sales decreased by 2.

This past week we there were 7 new sales for a YTD of 61.  The increased the 6 month Average Sales Price by 1.9%.  The Average Days on Market is 179 days.  Four of the Seven sales occurred above $400,000 with the top sale of $925,000 which was a Lake View rebuild on top of Saddle.  All but one of these sales was either a short sale or a bank owned property.

Listings per Status

Area Market Survey

Listings as of 02/26/10 at 7:59am

Active Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 7   $120,000 thru $139,999 3 227   $140,000 thru $159,999 2 148   $160,000 thru $179,999 7 141   $180,000 thru $199,999 9 138   $200,000 thru $249,999 31 126   $250,000 thru $299,999 50 169   $300,000 thru $349,999 39 164   $350,000 thru $399,999 37 185   $400,000 thru $449,999 24 163   $450,000 thru $499,999 19 209   $500,000 thru $549,999 19 172   $550,000 thru $599,999 22 177   $600,000 thru $649,999 6 251   $650,000 thru $699,999 12 129   $700,000 thru $749,999 12 146   $750,000 thru $799,999 8 164   $800,000 thru $849,999 5 264   $850,000 thru $899,999 6 286   $900,000 thru $949,999 1 438   $950,000 thru $999,999 11 245   $1,000,000 thru $1,249,999 6 147   $1,250,000 thru $1,499,999 8 266   $1,500,000 thru $1,749,999 4 141   $1,750,000 thru $1,999,999 8 224   $2,000,000 thru $2,249,999 1 480   $2,250,000 thru $2,499,999 3 427   $3,250,000 thru $3,499,999 2 282   $4,250,000 thru $4,499,999 1 577   $4,500,000 thru $4,749,999 2 125   $5,000,000 thru $5,999,999 1 1325   $10,000,000 or more 1 71     361 183

Summary Price Information Minimum  $99,000 Maximum  $12,900,000 Average  $639,282 Median  $416,500

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

Inventory on the rise!  This past week we saw the Market Activity Ratio decrease from 20.5% to 19.5%.  This is the relationship between Activity Listings (Inventory) and Pending Sales (Escrows) which tracks a trend in current Buyer Activity.  The result of the dip is due to Active Listings increasing by 12 and Pending Sales decreasing by 2.

We are starting a new year with 6 sales this past week for a fresh YTD of 14 Sales.  Sales for a one year period from today show the Median Sales Price at $315,000 and the Average Sales Price at $395,100.  All of the new sales occurred below $450,000 with the lowest price at $260,000.  Despite the consistent activity at the low end of the market, the foreclosures continue to replenish the supply.  January and February is usually when inventories are at their lowest before increasing again as we approach summer.

Listings per Status

 

 

 

Area Market Survey

Listings as of 01/15/10 at 8:08am

Active Listing Price Range  Quantity      Average DOM   $120,000 thru $139,999 3 185   $140,000 thru $159,999 1 228   $160,000 thru $179,999 6 73   $180,000 thru $199,999 6 152   $200,000 thru $249,999 23 119   $250,000 thru $299,999 50 160   $300,000 thru $349,999 43 162   $350,000 thru $399,999 37 207   $400,000 thru $449,999 16 199   $450,000 thru $499,999 18 267   $500,000 thru $549,999 18 131   $550,000 thru $599,999 24 188   $600,000 thru $649,999 8 54   $650,000 thru $699,999 16 228   $700,000 thru $749,999 8 82   $750,000 thru $799,999 9 151   $800,000 thru $849,999 3 187   $850,000 thru $899,999 6 249   $900,000 thru $949,999 2 549   $950,000 thru $999,999 11 241   $1,000,000 thru $1,249,999 13 311   $1,250,000 thru $1,499,999 8 308   $1,500,000 thru $1,749,999 3 143   $1,750,000 thru $1,999,999 6 216   $2,000,000 thru $2,249,999 2 239   $2,250,000 thru $2,499,999 3 448   $3,250,000 thru $3,499,999 2 240   $4,250,000 thru $4,499,999 1 535   $4,500,000 thru $4,749,999 2 83   $5,000,000 thru $5,999,999 1 1283   $10,000,000 or more 1 29     350 191

Summary Price Information Minimum  $126,000 Maximum  $12,900,000 Average  $662,186 Median  $429,500

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 01/15/10 at 8:08am

Pending Listing Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $80,000 thru $89,999 1 37   $100,000 thru $119,999 1 43   $120,000 thru $139,999 1 18   $140,000 thru $159,999 1 178   $160,000 thru $179,999 2 61   $180,000 thru $199,999 7 174   $200,000 thru $249,999 9 76   $250,000 thru $299,999 15 188   $300,000 thru $349,999 12 88   $350,000 thru $399,999 6 147   $400,000 thru $449,999 2 275   $450,000 thru $499,999 7 224   $500,000 thru $549,999 2 283   $550,000 thru $599,999 3 259   $600,000 thru $649,999 2 307   $650,000 thru $699,999 3 177   $700,000 thru $749,999 2 128   $750,000 thru $799,999 1 927   $800,000 thru $849,999 2 456   $850,000 thru $899,999 3 365   $950,000 thru $999,999 1 439   $1,250,000 thru $1,499,999 1 81     85 182

Summary Price Information Minimum  $67,900 Maximum  $1,395,000 Average  $397,174 Median  $316,500

Sold Selling Price Range  Quantity      Average DOM   $180,000 thru $199,999 1 153   $200,000 thru $249,999 2 113   $250,000 thru $299,999 1 170   $300,000 thru $349,999 1 66   $350,000 thru $399,999 3 183   $400,000 thru $449,999 3 225   $450,000 thru $499,999 1 245   $500,000 thru $549,999 1 33   $600,000 thru $649,999 1 249     14 169

Summary Price Information Minimum  $190,000 Maximum  $619,000 Average  $364,900 Median  $376,050

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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