Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore

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 market is benefiting the from the lack of snow as well.  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 we saw the market activity ratio decrease from 14.5% to 13.7%.  This is the result of the Active listings decreasing by 7 as the pending sales increased by 1.  The distress sales (short sales and bank owned foreclosures) continue to impact the market as it now represents 14.6% of the Active listings and 56% of the Pending sales.

This past week there were 2 new sales for a YTD total of 126 sales.  The sales wereon Freel for $550,000 and Skyland Dr for $556,000.  The 6 month average sales price decreased significantly in the past 3 weeks by 15.3% to $897,461.  The average days on market are 197 days.

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

Lake Tahoe Weekly Real Estate Market Update For The East Shore In Nevada 11/18/11

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 side is also benefiting from an active 4th Quarter as it surged this past week.  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 11% to 14.5%.  This is the result of the active inventory decreasing by 5 as the pending sales increased by 3.  The distress sales (short sales and bank owned foreclosures) continue to impact the market which now represents 13.3% of the active inventory and 62.5% of the pending sales.

This past week there was 1 new sale for a YTD of 118 sales.  The one sale was a condo on Tramway for $61,500.  Oddly enough the data shows the 6 month average sales price increasing by .3% to $1,060,198.  The average days on market are 188 days.

South Lake Tahoe Weekly Real Estate Market Update 11/4/11

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 inventory dropped significantly but the market remains strong despite a slight drop in buyer activity.  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 23.6% to 24.6%.  This is the result of the Active listings decreasing by 37 as the Pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) continue to impact the market which now represents 24.9% of the Active inventory and 64.9% of the Pending sales.

This past week there were 18 new sales for a YTD of 486 sales.  These sales ranged from a low of $128,000 to a high of $760,000.  There were 4 high priced sales which were on Oneidas St for $480,000, Catalina Dr for $519,000, High Meadows Ct for $672,000 and Pioneer Tr for $760,000.  Despite the higher sales the 6 month average sales price dropped by .9% to $340,561.  The average days on market are 153 days.

Listings per Status

Area Market Survey

Listings as of 11/04/11 at 9:26am

 

Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 2 28   $80,000 thru $89,999 2 71   $90,000 thru $99,999 2 39   $100,000 thru $119,999 7 80   $120,000 thru $139,999 13 147   $140,000 thru $159,999 12 126   $160,000 thru $179,999 25 138   $180,000 thru $199,999 18 148   $200,000 thru $249,999 35 163   $250,000 thru $299,999 29 224   $300,000 thru $349,999 29 175   $350,000 thru $399,999 24 123   $400,000 thru $449,999 20 218   $450,000 thru $499,999 33 165   $500,000 thru $549,999 5 96   $550,000 thru $599,999 19 180   $600,000 thru $649,999 8 282   $650,000 thru $699,999 13 116   $700,000 thru $749,999 5 167   $750,000 thru $799,999 6 249   $800,000 thru $849,999 3 215   $850,000 thru $899,999 3 149   $900,000 thru $949,999 3 246   $950,000 thru $999,999 2 535   $1,000,000 thru $1,249,999 2 30   $1,250,000 thru $1,499,999 10 141   $1,500,000 thru $1,749,999 4 315   $1,750,000 thru $1,999,999 2 427   $2,000,000 thru $2,249,999 1 172   $3,250,000 thru $3,499,999 1 37   $3,750,000 thru $3,999,999 1 38   $4,250,000 thru $4,499,999 2 324     341 169

Summary Price Information Minimum $55,000 Maximum $4,350,000 Average $476,200 Median $345,000

 

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 11/04/11 at 9:26am

 

Pending Listing Price Range Quantity Average DOM   $90,000 thru $99,999 1 141   $100,000 thru $119,999 4 128   $120,000 thru $139,999 6 121   $140,000 thru $159,999 10 148   $160,000 thru $179,999 8 120   $180,000 thru $199,999 7 162   $200,000 thru $249,999 20 190   $250,000 thru $299,999 11 184   $300,000 thru $349,999 10 93   $350,000 thru $399,999 8 117   $400,000 thru $449,999 5 201   $450,000 thru $499,999 5 241   $500,000 thru $549,999 4 155   $550,000 thru $599,999 2 114   $600,000 thru $649,999 1 38   $650,000 thru $699,999 1 79   $700,000 thru $749,999 1 268   $750,000 thru $799,999 2 225   $1,000,000 thru $1,249,999 1 176   $1,250,000 thru $1,499,999 1 243   $1,500,000 thru $1,749,999 1 1096   $2,750,000 thru $2,999,999 1 347   $3,500,000 thru $3,749,999 1 273     111 168

Summary Price Information Minimum $99,900 Maximum $3,595,000 Average $377,772 Median $249,900

 

Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $60,000 thru $69,999 1 25   $70,000 thru $79,999 3 83   $80,000 thru $89,999 1 159   $90,000 thru $99,999 9 96   $100,000 thru $119,999 4 159   $120,000 thru $139,999 13 111   $140,000 thru $159,999 18 191   $160,000 thru $179,999 30 106   $180,000 thru $199,999 22 130   $200,000 thru $249,999 54 145   $250,000 thru $299,999 34 162   $300,000 thru $349,999 32 150   $350,000 thru $399,999 17 126   $400,000 thru $449,999 16 163   $450,000 thru $499,999 14 175   $500,000 thru $549,999 12 118   $550,000 thru $599,999 8 300   $600,000 thru $649,999 7 222   $650,000 thru $699,999 2 137   $700,000 thru $749,999 3 206   $750,000 thru $799,999 4 75   $800,000 thru $849,999 4 186   $900,000 thru $949,999 2 265   $1,000,000 thru $1,249,999 1 110   $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     317 153

Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $340,561 Median $250,000

 

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

Lake Tahoe Weekly Real Estate Market Update For East Shore Nevada 10/28/11

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.

East shore sales are cooling off as well.  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, we saw the market activity ratio decrease from 11.5% to 10.7%.  This is the result of the Active sales decreasing by 1 as the Pending sales decreased by 2.  The distress sales ( short sales and bank owned foreclosures) is impacting the market more as it now represents 12.5% of the active inventory and 54.5% the pending sales.

This past week there were 5 new sales for a YTD of 110 sales.  The sales were two condos on top of Kingsbury for $135,000 and $179,900, Andria Dr for $240,000, Glen Ct. for $604,000 and lakeview home on Hillcrest Rd for $743,000.  This decreased the 6 month average sales price by 4.2% to $1,122,391.  The average days on market are 192 days.

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