South Lake Tahoe Weekly Real Estate Market Update for 12/30/11

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’s a good ending to a good year 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 decreased from 27.1% to 23.9%.  This is the result of the Active listings increasing by 4 as the Pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) continue to impact the market it now represents 26.8% of the Active listings and 77.1% of the Pending sales.

There were 12 new sales this past week for a YTD of 582 sales.  The sales ranged from $158,000 to $1,450,000.  Most of the sales were below $375,000 with 4 sales above that.  These sales were on Julie Ln for $475,000, Alice Lake Rd for $540,000, Emerald Dr for $719,000 and Ski Run Blvd for $1,450,000.  Despite the higher sales, the 6 month average sales price decreased by 1.9% to $329,770.  The average days on market are 150 days.  Compared to 2010, the units sold has increased by approximately 3.6% or 20 more units sold.  However, the values continue to drop.  When you compare the 6 month average sales price the difference from a year ago is approximately 10%.

Listings per Status

Area Market Survey Listings as of 12/30/11 at 8:38am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 63   $70,000 thru $79,999 1 66   $80,000 thru $89,999 3 139   $90,000 thru $99,999 3 96   $100,000 thru $119,999 8 121   $120,000 thru $139,999 7 188   $140,000 thru $159,999 13 98   $160,000 thru $179,999 14 205   $180,000 thru $199,999 15 155   $200,000 thru $249,999 40 163   $250,000 thru $299,999 25 218   $300,000 thru $349,999 25 157   $350,000 thru $399,999 23 99   $400,000 thru $449,999 14 197   $450,000 thru $499,999 28 211   $500,000 thru $549,999 8 158   $550,000 thru $599,999 15 245   $600,000 thru $649,999 3 263   $650,000 thru $699,999 11 137   $700,000 thru $749,999 3 159   $750,000 thru $799,999 4 213   $800,000 thru $849,999 2 336   $850,000 thru $899,999 4 160   $900,000 thru $949,999 4 233   $950,000 thru $999,999 2 614   $1,000,000 thru $1,249,999 2 86   $1,250,000 thru $1,499,999 9 194   $1,500,000 thru $1,749,999 6 442   $1,750,000 thru $1,999,999 2 483   $2,000,000 thru $2,249,999 3 502   $2,250,000 thru $2,499,999 1 639   $2,500,000 thru $2,749,999 2 639   $3,250,000 thru $3,499,999 1 93   $3,500,000 thru $3,749,999 1 329   $3,750,000 thru $3,999,999 1 94   $4,250,000 thru $4,499,999 1 356   $10,000,000 or more 1 723     306 193     Summary Price Information Minimum $59,000 Maximum $12,900,000 Average $559,532 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 12/30/11 at 8:38am   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 105   $90,000 thru $99,999 2 136   $100,000 thru $119,999 4 86   $120,000 thru $139,999 6 127   $140,000 thru $159,999 9 154   $160,000 thru $179,999 11 122   $180,000 thru $199,999 8 127   $200,000 thru $249,999 16 159   $250,000 thru $299,999 10 125   $300,000 thru $349,999 3 256   $350,000 thru $399,999 11 101   $400,000 thru $449,999 3 152   $450,000 thru $499,999 3 231   $500,000 thru $549,999 1 31   $550,000 thru $599,999 3 152   $600,000 thru $649,999 2 294   $800,000 thru $849,999 1 141   $1,000,000 thru $1,249,999 1 50   $2,750,000 thru $2,999,999 1 403     96 143     Summary Price Information Minimum $55,000 Maximum $2,995,000 Average $304,388 Median $227,000   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 7 85   $100,000 thru $119,999 7 149   $120,000 thru $139,999 18 126   $140,000 thru $159,999 20 133   $160,000 thru $179,999 32 109   $180,000 thru $199,999 22 129   $200,000 thru $249,999 57 150   $250,000 thru $299,999 28 153   $300,000 thru $349,999 29 110   $350,000 thru $399,999 15 184   $400,000 thru $449,999 18 190   $450,000 thru $499,999 17 170   $500,000 thru $549,999 14 147   $550,000 thru $599,999 5 330   $600,000 thru $649,999 9 268   $650,000 thru $699,999 2 211   $700,000 thru $749,999 5 171   $750,000 thru $799,999 4 150   $800,000 thru $849,999 1 165   $900,000 thru $949,999 2 265   $950,000 thru $999,999 1 199   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 291   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     322 150     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $329,770 Median $238,450   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 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 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 The Nevada East Shore 10/5/11

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 East shore of Lake Tahoe is seeing a good beginning to October.  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 decrease from 14% to 13.1%.  This is the result of the Active listings decreasing by 10 as the Pending sales decreased by 4.  The distress sales continue to impact the market which only represents 10.8% of the Active inventory yet 39.3% of the Pending sales. 

This past week there were 5 new sales for a YTD of 96 sales.  These salese ranged from $245,000 to $9,950,000.  The sales were on Andria for $245,000, Benjamin Dr for $310,000, McFaul Way for $760,000, Lake Shore Blvd for $419,000 and a Lakefront in Glenwood for $9,950,000.  The average days on market are 210 days.

South Lake Tahoe Weekly Real Estate Market Update 10/5/11

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 high end buyers are showing their green for lake front properties and there is still plenty of green at the bottom end of the market but the middle is still struggling.  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 22.7% to 23.1%.  This is the result of the Active listings decreasing by 27 as the Pending sales decreased by 5.  The distress (bank owned foreclosure and short sales) sales continue to impact the market which represents 22.7% of the active inventory and 57.4% of the pending sales.

This past week there were 7 new sales for a YTD of 420.  The sales ranged from $178,000 to 4,200,000.  There were 4 high end sales which were on Cascade Ct for $815,000, Lake Tahoe Blvd for $1,200,000, Lighthouse Shores for $3,700,00 and Stateline Ave for $4,200,000.  These sales had a huge impact on the 6 month average sales price by raising it by 8.3% to $356,959.  The average days on market are 152 days. 

Listings per Status

Area Market Survey Listings as of 10/05/11 at 9:19am   Active Listing Price Range Quantity Average DOM   $60,000 thru $69,999 1 19   $80,000 thru $89,999 1 201   $100,000 thru $119,999 5 117   $120,000 thru $139,999 14 141   $140,000 thru $159,999 12 108   $160,000 thru $179,999 21 107   $180,000 thru $199,999 24 175   $200,000 thru $249,999 48 215   $250,000 thru $299,999 38 158   $300,000 thru $349,999 34 172   $350,000 thru $399,999 35 101   $400,000 thru $449,999 20 219   $450,000 thru $499,999 36 169   $500,000 thru $549,999 12 145   $550,000 thru $599,999 14 176   $600,000 thru $649,999 14 205   $650,000 thru $699,999 17 91   $700,000 thru $749,999 5 185   $750,000 thru $799,999 7 191   $800,000 thru $849,999 4 310   $850,000 thru $899,999 4 126   $900,000 thru $949,999 2 93   $950,000 thru $999,999 4 428   $1,000,000 thru $1,249,999 1 435   $1,250,000 thru $1,499,999 10 125   $1,500,000 thru $1,749,999 7 259   $1,750,000 thru $1,999,999 2 397   $2,000,000 thru $2,249,999 4 377   $2,250,000 thru $2,499,999 1 573   $2,500,000 thru $2,749,999 2 573   $3,250,000 thru $3,499,999 2 42   $3,750,000 thru $3,999,999 1 8   $4,250,000 thru $4,499,999 2 294   $10,000,000 or more 1 657     405 173     Summary Price Information Minimum $65,000 Maximum $12,900,000 Average $543,508 Median $369,000   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 10/05/11 at 9:19am   Pending Listing Price Range Quantity Average DOM   $40,000 thru $49,999 1 244   $70,000 thru $79,999 1 27   $80,000 thru $89,999 1 109   $90,000 thru $99,999 2 151   $100,000 thru $119,999 4 86   $120,000 thru $139,999 5 100   $140,000 thru $159,999 8 148   $160,000 thru $179,999 12 106   $180,000 thru $199,999 12 140   $200,000 thru $249,999 22 133   $250,000 thru $299,999 14 168   $300,000 thru $349,999 12 95   $350,000 thru $399,999 6 183   $400,000 thru $449,999 7 91   $450,000 thru $499,999 7 160   $500,000 thru $549,999 1 118   $550,000 thru $599,999 2 252   $600,000 thru $649,999 1 204   $650,000 thru $699,999 1 131   $800,000 thru $849,999 1 74   $1,500,000 thru $1,749,999 1 1066   $3,500,000 thru $3,749,999 1 243     122 141     Summary Price Information Minimum $45,000 Maximum $3,595,000 Average $308,571 Median $238,250   Sold Selling Price Range Quantity Average DOM   $60,000 thru $69,999 2 106   $70,000 thru $79,999 3 83   $80,000 thru $89,999 1 159   $90,000 thru $99,999 7 111   $100,000 thru $119,999 5 159   $120,000 thru $139,999 9 113   $140,000 thru $159,999 17 188   $160,000 thru $179,999 23 103   $180,000 thru $199,999 20 161   $200,000 thru $249,999 48 134   $250,000 thru $299,999 30 165   $300,000 thru $349,999 30 151   $350,000 thru $399,999 17 97   $400,000 thru $449,999 15 169   $450,000 thru $499,999 10 161   $500,000 thru $549,999 12 124   $550,000 thru $599,999 11 227   $600,000 thru $649,999 6 224   $650,000 thru $699,999 1 119   $700,000 thru $749,999 4 165   $750,000 thru $799,999 4 66   $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 2 583   $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     288 152     Summary Price Information Minimum $65,000 Maximum $4,200,000 Average $356,959 Median $260,750   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

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