South Lake Tahoe Weekly Real Estate Market Update for 5/30/13

May 30, 2013

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 new listings in The South Lake Tahoe real estate market have outpaced the new pending sales again this past week.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the pending sales in escrow.  This past week the market activity ratio showed that 34.6% of the homes on the market are now pending sales in escrow which is down from the previous week by 1.2%.  This is the result of the number of homes on the market increasing by 12 as the pending sales increased by 1.  There are now only 4 bank owned foreclosures and 1 short sale available on the market for sale.  The distress sales now only represents 2.5% of the available homes for sale and 26% of the pending sales in escrow.

This past week there were 21 completed sales transactions for a YTD total of 263 sales.  The sales ranged from a low of $75,000 to a high of $4,500,000.  Most of the sales were below $390,000.  The top three sales were on Piute for $410,500, Lassen Dr for $510,000 and Stateline Ave which was a lake front home for $4,500,000.  The lake front home sale had dramatically increased the 6 month average sales price by 2.3% to $373,394.  The average days on market are 138 days.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 05/30/13 at 4:07pm
Active
Listing Price Range Quantity Average DOM
$60,000 thru $69,999 1 34
$140,000 thru $159,999 4 212
$160,000 thru $179,999 4 56
$180,000 thru $199,999 6 217
$200,000 thru $249,999 11 104
$250,000 thru $299,999 26 96
$300,000 thru $349,999 15 46
$350,000 thru $399,999 24 75
$400,000 thru $449,999 13 110
$450,000 thru $499,999 12 189
$500,000 thru $549,999 10 84
$550,000 thru $599,999 12 59
$600,000 thru $649,999 7 81
$650,000 thru $699,999 5 118
$700,000 thru $749,999 1 105
$750,000 thru $799,999 5 30
$800,000 thru $849,999 3 82
$850,000 thru $899,999 6 321
$900,000 thru $949,999 4 86
$950,000 thru $999,999 4 550
$1,000,000 thru $1,249,999 6 58
$1,250,000 thru $1,499,999 8 262
$1,500,000 thru $1,749,999 3 45
$1,750,000 thru $1,999,999 2 169
$2,000,000 thru $2,249,999 1 55
$2,250,000 thru $2,499,999 1 58
$2,750,000 thru $2,999,999 1 433
$4,500,000 thru $4,749,999 2 166
  197 120
 
Summary Price Information
Minimum $69,900 Maximum $4,700,000
Average $611,355 Median $438,900
Pending
Listing Price Range Quantity Average DOM
$120,000 thru $139,999 1 1660
$140,000 thru $159,999 4 70
$160,000 thru $179,999 6 76
$180,000 thru $199,999 4 53
$200,000 thru $249,999 20 57
$250,000 thru $299,999 16 54
$300,000 thru $349,999 13 81
$350,000 thru $399,999 11 76
$400,000 thru $449,999 9 178
$450,000 thru $499,999 3 17
$500,000 thru $549,999 5 110
$550,000 thru $599,999 2 344
$600,000 thru $649,999 2 70
$650,000 thru $699,999 1 809
$700,000 thru $749,999 1 73
$800,000 thru $849,999 3 156
$850,000 thru $899,999 2 64
$1,000,000 thru $1,249,999 1 70
  104 107
 
Summary Price Information
Minimum $129,700 Maximum $1,195,000
Average $359,785 Median $312,500
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 ©2013 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045
 

Area Market Survey
Summary

Listings as of 05/30/13 at 4:07pm
Sold
Selling Price Range Quantity Average DOM
$50,000 thru $59,999 1 646
$70,000 thru $79,999 3 156
$80,000 thru $89,999 1 38
$100,000 thru $119,999 5 122
$120,000 thru $139,999 10 198
$140,000 thru $159,999 14 184
$160,000 thru $179,999 12 88
$180,000 thru $199,999 20 79
$200,000 thru $249,999 45 113
$250,000 thru $299,999 46 90
$300,000 thru $349,999 37 155
$350,000 thru $399,999 24 223
$400,000 thru $449,999 28 168
$450,000 thru $499,999 15 113
$500,000 thru $549,999 15 167
$550,000 thru $599,999 11 131
$600,000 thru $649,999 6 123
$650,000 thru $699,999 6 84
$700,000 thru $749,999 4 56
$750,000 thru $799,999 4 113
$800,000 thru $849,999 3 208
$850,000 thru $899,999 2 112
$900,000 thru $949,999 1 170
$1,000,000 thru $1,249,999 5 256
$1,250,000 thru $1,499,999 1 137
$1,500,000 thru $1,749,999 1 249
$1,750,000 thru $1,999,999 1 30
$4,500,000 thru $4,749,999 1 364
  322 138
 
Summary Price Information
Minimum $52,000 Maximum $4,500,000
Average $373,394 Median $309,950
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 ©2013 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore 5/10/13

May 10, 2013

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 showing an unquenchable thirst for the high end homes on the Nevada east shore of Lake Tahoe.   To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the pending sales.  This past week the Market Activity Ratio is now showing that 27.7% of the available homes are now pending sales which is up by 1.2%.  This is the result of the number of homes available on the market increasing by 5 as the pending sales increased by 1.  The distress sales (short sales and bank owned foreclosures) are not impacting the market much as it now only represents 1.7% of the available inventory and 32.6% of the pending sales.

This past week there were 7 new sales for a YTD total of 76 sales.  The sales ranged from a low of $234,125 to a high of $4,150,000.  The top three sales were on Lincoln Hwy for $1,150,000, Hidden Woods for $2,750,000 and Yellow Jacket for $4,150,000.  This had increased the 6 month average sales price by 3.7% to $1,076,903.  The average days on market are 199 days.

Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore 5/3/13

May 3, 2013

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 Stateline, Nevada real estate market is showing just a little dip in sales this past week.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the pending sales.  This past week the Market Activity Ratio had decreased by 2% and it’s now showing that 26.5% of the available homes for sale are now pending sales in escrow.  This is the result of the number of available homes for sale decreasing by 1 as the pending sales decreased by 4.  The distress sales (short sales and bank owned foreclosures) are impacting the market very little as it now represents 2.4% of the available homes for sale and 26.7% of the pending sales.

This past week there were 5 new sales for a YTD total of 69 sales.  The sales ranged from a low of $172,000 to a high of $4,000,000.  The top three sales were a couple townhomes on Quaking Aspen for 279,000, Angora Ct for $287,000 and a Lake Front Home on Skyland Ct for $4,000,000.  This had decreased the 6 month average sales price by 2.4% to $1,131,561.  The average days on market are 200 days.

Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore 4/26/13

April 26, 2013

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.

Homes sales on the  East shore of Lake Tahoe continue to rock!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes available on the market and the pending sales.  The Market Activity Ratio had slightly decreased by 1% which shows us that 28% of the available homes for sale are now pending sales.  This is the result of the Active listings decreasing by 1 as the Pending sales decreased by 3.  The distress sales (short sales and bank owned foreclosures) are now only representing 1.6% of the available homes for sale and 24.5% of the pending sales.

This past week there were 7 new sales for a YTD total of 64 sales.  The lowest sale was a townhome in Lake Village for $287,000 and the top 3 sales were on Hall Ct for $579,000, Ponderosa Dr for $1,100,000 and Lakeview for $1,165,000.  This was enough to increase the 6 month average sales price by 5.1%.  The average days on market are 191 days.

South Lake Tahoe Weekly Real Estate Market Update for 4/26/13

April 26, 2013

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.

Pending homes sales in South Lake Tahoe are back up after a dip from the previous week and the inventory is still flat!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of available homes for sale and the pending sales.  This past week the Market Activity Ratio had increased by 2% and it is now showing that 42.8% of the available homes for sale are now pending sales in escrow.  The number of homes available for sale is down by 5 as the pending sales increased by 13.  The distress sales (short sales and bank owned foreclosures)are now only represents 6% of the available homes for sales and 23.9% of the pending sales.

There were 11 new sales this past week for a YTD total of 183 sales.  The sales ranged from a low of $158,000 to a high of $690,000.  Half of the sales were above $400,000 with the top three sales on Kickapoo for $510,000, Marconi Way for $685,000 and Herbert Ave for $690,000.  This was enough to increase the 6 month average sales price by .6% to $368,044.  The average days on market are 145 days.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey
Summary

Listings as of 04/26/13 at 10:46am
Active
Listing Price Range Quantity Average DOM
$140,000 thru $159,999 5 168
$160,000 thru $179,999 8 85
$180,000 thru $199,999 5 71
$200,000 thru $249,999 20 117
$250,000 thru $299,999 12 179
$300,000 thru $349,999 10 71
$350,000 thru $399,999 13 107
$400,000 thru $449,999 12 118
$450,000 thru $499,999 9 216
$500,000 thru $549,999 5 126
$550,000 thru $599,999 8 70
$600,000 thru $649,999 2 191
$650,000 thru $699,999 5 163
$700,000 thru $749,999 1 71
$750,000 thru $799,999 3 33
$800,000 thru $849,999 1 16
$850,000 thru $899,999 5 218
$900,000 thru $949,999 1 151
$950,000 thru $999,999 5 521
$1,000,000 thru $1,249,999 6 35
$1,250,000 thru $1,499,999 7 304
$1,500,000 thru $1,749,999 1 64
$1,750,000 thru $1,999,999 2 705
$2,000,000 thru $2,249,999 1 21
$2,250,000 thru $2,499,999 1 24
$2,750,000 thru $2,999,999 1 399
$4,500,000 thru $4,749,999 2 132
  151 151
 
Summary Price Information
Minimum $147,000 Maximum $4,700,000
Average $620,983 Median $415,000
Pending
Listing Price Range Quantity Average DOM
$60,000 thru $69,999 1 119
$80,000 thru $89,999 1 345
$120,000 thru $139,999 1 1626
$140,000 thru $159,999 7 34
$160,000 thru $179,999 2 126
$180,000 thru $199,999 6 24
$200,000 thru $249,999 15 89
$250,000 thru $299,999 23 85
$300,000 thru $349,999 13 118
$350,000 thru $399,999 8 190
$400,000 thru $449,999 14 221
$450,000 thru $499,999 3 51
$500,000 thru $549,999 4 87
$550,000 thru $599,999 2 410
$600,000 thru $649,999 2 36
$650,000 thru $699,999 2 413
$700,000 thru $749,999 2 55
$750,000 thru $799,999 1 52
$800,000 thru $849,999 3 197
$850,000 thru $899,999 1 77
$1,500,000 thru $1,749,999 1 230
$4,750,000 thru $4,999,999 1 336
  113 140
 
Summary Price Information
Minimum $69,000 Maximum $4,950,000
Average $401,648 Median $310,000
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 ©2013 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045
 

Area Market Survey
Summary

Listings as of 04/26/13 at 10:46am
Sold
Selling Price Range Quantity Average DOM
$50,000 thru $59,999 2 356
$60,000 thru $69,999 1 175
$70,000 thru $79,999 2 48
$80,000 thru $89,999 2 105
$90,000 thru $99,999 1 699
$100,000 thru $119,999 4 136
$120,000 thru $139,999 9 228
$140,000 thru $159,999 14 194
$160,000 thru $179,999 17 114
$180,000 thru $199,999 22 151
$200,000 thru $249,999 48 107
$250,000 thru $299,999 38 111
$300,000 thru $349,999 37 142
$350,000 thru $399,999 21 199
$400,000 thru $449,999 24 156
$450,000 thru $499,999 14 130
$500,000 thru $549,999 17 177
$550,000 thru $599,999 11 127
$600,000 thru $649,999 6 117
$650,000 thru $699,999 6 84
$700,000 thru $749,999 5 60
$750,000 thru $799,999 2 160
$800,000 thru $849,999 4 175
$850,000 thru $899,999 2 112
$900,000 thru $949,999 1 170
$1,000,000 thru $1,249,999 6 242
$1,250,000 thru $1,499,999 2 110
$2,250,000 thru $2,499,999 1 250
$3,000,000 thru $3,249,999 1 415
  320 145
 
Summary Price Information
Minimum $52,000 Maximum $3,175,000
Average $368,044 Median $296,500
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 ©2013 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

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