South Lake Tahoe Weekly Real Estate Market Update 12/9/11

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 lack of snow may not be good for the ski resorts but it’s golden for the real estate sales.  To measure the most current buyer activity, I use the Marke Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the market activity ratio increased from 27.2% to 38%.  I have not seen the ratio go beyond 30% since I started tracking it since the market boom.  This is the result of the Active listings decreasing by 12 as the Pending sales decreased by 4.  There are 46 less homes for sale than last year at this time.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it represents 26% of the active inventory and 71.9% of the pending sales.

This past week there were 15 new sales for a YTD of 540.  These sales ranged from as low as $110,000 to as high as $1,100,000.  Most of the sales were below $375,000 with 2 sales above that for $645,000 on Bonanza and $1,100,000 on Aloha.  The 6 month average sales price continued to decrease by .1% to $335,635.  The average days on market are 151 days.  I compared my notes to last year and we are now ahead of last years sales with 19 more units sold but the average sales price dropped by approximately 8.6%.

Listings per Status

Area Market Survey Listings as of 12/09/11 at 8:25am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 2 63   $70,000 thru $79,999 1 45   $80,000 thru $89,999 1 166   $90,000 thru $99,999 5 82   $100,000 thru $119,999 5 203   $120,000 thru $139,999 10 136   $140,000 thru $159,999 13 86   $160,000 thru $179,999 19 185   $180,000 thru $199,999 13 185   $200,000 thru $249,999 31 171   $250,000 thru $299,999 30 193   $300,000 thru $349,999 22 171   $350,000 thru $399,999 18 115   $400,000 thru $449,999 19 149   $450,000 thru $499,999 24 223   $500,000 thru $549,999 9 147   $550,000 thru $599,999 15 222   $600,000 thru $649,999 5 182   $650,000 thru $699,999 8 139   $700,000 thru $749,999 3 138   $750,000 thru $799,999 6 284   $800,000 thru $849,999 2 315   $850,000 thru $899,999 5 111   $900,000 thru $949,999 3 281   $950,000 thru $999,999 2 593   $1,000,000 thru $1,249,999 2 65   $1,250,000 thru $1,499,999 9 173   $1,500,000 thru $1,749,999 5 506   $1,750,000 thru $1,999,999 2 462   $2,000,000 thru $2,249,999 3 481   $2,250,000 thru $2,499,999 1 618   $2,500,000 thru $2,749,999 2 618   $3,250,000 thru $3,499,999 1 72   $3,500,000 thru $3,749,999 1 308   $3,750,000 thru $3,999,999 1 73   $4,250,000 thru $4,499,999 1 335   $10,000,000 or more 1 702     300 191     Summary Price Information Minimum $55,000 Maximum $12,900,000 Average $560,419 Median $348,750   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   Area Market Survey Listings as of 12/09/11 at 8:25am   Pending Listing Price Range Quantity Average DOM   $90,000 thru $99,999 2 115   $100,000 thru $119,999 4 100   $120,000 thru $139,999 5 148   $140,000 thru $159,999 10 154   $160,000 thru $179,999 7 52   $180,000 thru $199,999 8 92   $200,000 thru $249,999 22 181   $250,000 thru $299,999 10 139   $300,000 thru $349,999 6 188   $350,000 thru $399,999 11 120   $400,000 thru $449,999 4 163   $450,000 thru $499,999 9 179   $500,000 thru $549,999 3 171   $550,000 thru $599,999 4 137   $600,000 thru $649,999 3 532   $650,000 thru $699,999 1 141   $750,000 thru $799,999 1 378   $800,000 thru $849,999 1 120   $1,000,000 thru $1,249,999 1 29   $1,250,000 thru $1,499,999 1 278   $2,750,000 thru $2,999,999 1 382     114 159     Summary Price Information Minimum $99,000 Maximum $2,995,000 Average $345,502 Median $249,000   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 8 84   $100,000 thru $119,999 7 149   $120,000 thru $139,999 18 111   $140,000 thru $159,999 21 171   $160,000 thru $179,999 31 117   $180,000 thru $199,999 21 134   $200,000 thru $249,999 55 144   $250,000 thru $299,999 33 164   $300,000 thru $349,999 34 128   $350,000 thru $399,999 16 145   $400,000 thru $449,999 16 190   $450,000 thru $499,999 14 164   $500,000 thru $549,999 12 126   $550,000 thru $599,999 4 372   $600,000 thru $649,999 7 172   $650,000 thru $699,999 3 180   $700,000 thru $749,999 4 186   $750,000 thru $799,999 3 72   $800,000 thru $849,999 4 186   $900,000 thru $949,999 2 265   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 735   $1,500,000 thru $1,749,999 1 585   $2,500,000 thru $2,749,999 1 445   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     324 151     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $335,635 Median $245,000   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 7/21/11

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 Summer market is heating up and the inventory has dropped from last year!  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 17.5% to 17.6%.  This was the result of the Active listings increasing by 12 as the Pending sales increased by 3.  The distress sales ( short sales and foreclosures) now represents 55.6% of all the pending sales and 18.5% of the inventory.  The inventory is still on the rise as we near the peak season but it is still below last year at this time by 10.2%.  Buyers are still finding a plethora of selection as the foreclosures continue to replenish the supply.

This past week there were 10 new sales for a YTD of 293 sales.  This represents a 2.1% increase in sales from last year at this time.  These sales ranged from $212,000 to $900,000.  Most of the sales were below $305,000 with the exception of three.  The three sales were on Clement St for $399,000, Henderson St for $410,000 and Keller Rd for $900,000.  This increased the 6 month average sales price by .2% to $347,203.  The average days on market are 172 days.

Listings per Status

Area Market Survey

Listings as of 07/22/11 at 8:14am

Active Listing Price Range Quantity Average DOM $80,000 thru $89,999 1 126 $90,000 thru $99,999 5 92 $100,000 thru $119,999 3 78 $120,000 thru $139,999 8 99 $140,000 thru $159,999 17 78 $160,000 thru $179,999 29 123 $180,000 thru $199,999 30 133 $200,000 thru $249,999 57 195 $250,000 thru $299,999 56 169 $300,000 thru $349,999 36 140 $350,000 thru $399,999 30 131 $400,000 thru $449,999 25 158 $450,000 thru $499,999 41 177 $500,000 thru $549,999 18 134 $550,000 thru $599,999 14 180 $600,000 thru $649,999 13 90 $650,000 thru $699,999 17 138 $700,000 thru $749,999 4 19 $750,000 thru $799,999 9 179 $800,000 thru $849,999 5 105 $850,000 thru $899,999 3 123 $900,000 thru $949,999 3 363 $950,000 thru $999,999 6 518 $1,000,000 thru $1,249,999 1 360 $1,250,000 thru $1,499,999 9 191 $1,500,000 thru $1,749,999 7 390 $1,750,000 thru $1,999,999 2 322 $2,000,000 thru $2,249,999 4 302 $2,250,000 thru $2,499,999 1 498 $2,500,000 thru $2,749,999 2 498 $2,750,000 thru $2,999,999 1 318 $3,250,000 thru $3,499,999 1 2 $3,500,000 thru $3,749,999 2 380 $4,000,000 thru $4,249,999 1 69 $4,250,000 thru $4,499,999 3 161 $10,000,000 or more 1 582 465 165

Summary Price Information Minimum $82,000 Maximum $12,900,000 Average $537,973 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 07/22/11 at 8:14am

Pending Listing Price Range Quantity Average DOM $40,000 thru $49,999 1 169 $70,000 thru $79,999 1 132 $90,000 thru $99,999 2 57 $100,000 thru $119,999 2 58 $120,000 thru $139,999 5 93 $140,000 thru $159,999 6 72 $160,000 thru $179,999 5 94 $180,000 thru $199,999 4 210 $200,000 thru $249,999 17 101 $250,000 thru $299,999 12 172 $300,000 thru $349,999 9 78 $350,000 thru $399,999 5 72 $400,000 thru $449,999 7 135 $450,000 thru $499,999 6 175 $500,000 thru $549,999 4 87 $550,000 thru $599,999 1 331 $600,000 thru $649,999 4 248 $650,000 thru $699,999 4 164 $750,000 thru $799,999 3 86 $1,000,000 thru $1,249,999 1 45 99 123

Summary Price Information Minimum $45,000 Maximum $1,179,900 Average $335,864 Median $289,000

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 15 203 $160,000 thru $179,999 16 125 $180,000 thru $199,999 17 157 $200,000 thru $249,999 45 144 $250,000 thru $299,999 38 166 $300,000 thru $349,999 29 181 $350,000 thru $399,999 16 102 $400,000 thru $449,999 14 138 $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 3 366 $700,000 thru $749,999 4 333 $750,000 thru $799,999 3 92 $800,000 thru $849,999 3 192 $900,000 thru $949,999 1 422 $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 1 445 270 172

Summary Price Information Minimum $65,000 Maximum $2,630,000 Average $347,203 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

Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 7/15/11

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 Nevada buyers have an expensive appetite!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the Active listings and Pending sales.  This past week the market activity ratio increased from 7% to 10.3%.  This is the result of Active listings increasing by 5 as the pending sales increased by 3.  The distress sales (short sales and bank owned properties) now represents 7.5% of the Active listing inventory and 52.4% of the Pending sale inventory.

There was 1 new sale for a YTD of 64 sales.  This was a lake view at Cave Rock for $776,000.  Due to some recent lake front sales the 6 month average sales price is on the rise by 2.8% to $1,062,904.  The average days on market are 215 days.

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 Update For Nevada East Shore 9/24/11

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.

They are more homes for sale but it’s still 9.7% below last years inventory at this time.  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 increased from 8.2% to 8.3%.  This is the result of the Active listings increasing by  7 as the Pending sales increased by 1.  The distress sales are impacting the market and only represent 7.5% of the Active listings but 58.8% of the Pending sales.  Not only is the inventory down in Nevada, so are the sales.  Pending sales are down by 32% from last year at this time.

There was 1 new sale this past week for a YTD of 61 sales.  The sale was a condo on Tramway and it sold for $146,000.  This didn’t do much to decrease the 6 month average sales price with the most recent lake front sales which is now $1,001,844.  The average days on market are 246 days.

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