Lake Tahoe Weekly Real Estate Market Update for the Nevada East Shore 2/3/12

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.

There’s been a surge of activity in Nevada!  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 14.8% to 16.8%.  This is the result of the Active listings remaining the same as the Pending sales increased by 4.  The distress sales (Short sales and Bank Owned Foreclosures) continue to impact the market as it now represents 14.6% of the Active inventory and 89.7% of the Pending sales.

This past week there were 2 new sales for a YTD total of 9 sales.  These sales were a condo on Tramway for $115,400 and a home on Alma for $950,000.  This has decreased the 6 month average by 1.4% to $686,492.  The average days on market are 178 days.

South Lake Tahoe Weekly Real Estate Market Update 2/3/12

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 appetite for affordable homes in Tahoe remains constant!  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 slightly increased from 27% to 27.2%.  This is the result of the Active listings decreasing by 6 as the pending sales decreased by 1.  The distress sales (Short Sales and Bank Owned Foreclosures) continue to impact our market as it now represents 23.7% of the Active inventory and 71.3% of the Pending sales. 

There were 12 new sales this past week for a YTD total of 44 sales.  This past week the sales ranged from $127,000 to $575,000.  Half of the sales were above $350,000 with the highest sale on Blackfoot Rd for $575,000.  The 6 month average sales price did not change much from last week.  The average days on market are 153 days.

Listings per Status

Area Market Survey Summary Listings as of 02/03/12 at 8:57am Active Listing Price Range Quantity Average DOM $50,000 thru $59,999 2 119 $80,000 thru $89,999 1 201 $90,000 thru $99,999 3 123 $100,000 thru $119,999 7 128 $120,000 thru $139,999 8 138 $140,000 thru $159,999 9 120 $160,000 thru $179,999 17 244 $180,000 thru $199,999 11 135 $200,000 thru $249,999 32 180 $250,000 thru $299,999 21 256 $300,000 thru $349,999 25 136 $350,000 thru $399,999 26 100 $400,000 thru $449,999 11 274 $450,000 thru $499,999 24 217 $500,000 thru $549,999 9 165 $550,000 thru $599,999 10 279 $600,000 thru $649,999 3 123 $650,000 thru $699,999 10 141 $700,000 thru $749,999 2 250 $750,000 thru $799,999 2 231 $800,000 thru $849,999 2 371 $850,000 thru $899,999 7 175 $900,000 thru $949,999 1 584 $950,000 thru $999,999 3 433 $1,250,000 thru $1,499,999 11 204 $1,500,000 thru $1,749,999 3 377 $1,750,000 thru $1,999,999 1 669 $2,000,000 thru $2,249,999 2 674 $2,250,000 thru $2,499,999 1 674 $2,500,000 thru $2,749,999 2 674 $3,250,000 thru $3,499,999 1 128 $3,500,000 thru $3,749,999 1 364 $4,250,000 thru $4,499,999 1 391 $10,000,000 or More 1 758   270 203   Summary Price Information Minimum $55,000 Maximum $12,900,000 Average $550,124 Median $349,900 Pending Listing Price Range Quantity Average DOM $40,000 thru $49,999 4 23 $70,000 thru $79,999 4 200 $80,000 thru $89,999 8 139 $90,000 thru $99,999 4 219 $100,000 thru $119,999 16 93 $120,000 thru $139,999 20 101 $140,000 thru $159,999 36 161 $160,000 thru $179,999 44 131 $180,000 thru $199,999 20 123 $200,000 thru $249,999 72 99 $250,000 thru $299,999 44 116 $300,000 thru $349,999 16 287 $350,000 thru $399,999 44 103 $400,000 thru $449,999 16 203 $450,000 thru $499,999 20 154 $500,000 thru $549,999 4 66 $550,000 thru $599,999 12 179 $600,000 thru $649,999 4 529 $900,000 thru $949,999 4 59 $950,000 thru $999,999 4 144 $1,000,000 thru $1,249,999 8 91   404 134   Summary Price Information Minimum $49,900 Maximum $1,099,000 Average $290,526 Median $232,900 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 02/03/12 at 8:57am Sold Selling Price Range Quantity Average DOM $40,000 thru $49,999 2 259 $50,000 thru $59,999 2 92 $70,000 thru $79,999 4 100 $80,000 thru $89,999 2 159 $90,000 thru $99,999 8 138 $100,000 thru $119,999 18 189 $120,000 thru $139,999 36 139 $140,000 thru $159,999 42 139 $160,000 thru $179,999 60 112 $180,000 thru $199,999 52 131 $200,000 thru $249,999 114 152 $250,000 thru $299,999 56 153 $300,000 thru $349,999 60 129 $350,000 thru $399,999 38 170 $400,000 thru $449,999 32 197 $450,000 thru $499,999 30 176 $500,000 thru $549,999 22 131 $550,000 thru $599,999 12 185 $600,000 thru $649,999 14 309 $650,000 thru $699,999 4 211 $700,000 thru $749,999 10 171 $750,000 thru $799,999 6 175 $800,000 thru $849,999 4 163 $900,000 thru $949,999 2 108 $950,000 thru $999,999 2 199 $1,000,000 thru $1,249,999 4 157 $1,250,000 thru $1,499,999 2 291 $2,500,000 thru $2,749,999 2 403 $3,500,000 thru $3,749,999 2 120 $4,000,000 thru $4,249,999 2 143   644 153   Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $330,181 Median $235,000 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

South Lake Tahoe Weekly Real Estate Market Update 1/27/12

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 market is still buzzing and inventory is low.  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 decreased from 29.5% to 27%.  This is the result of Active listings increasing by 8 as the Pending sales decreased by 10.  The distress sales (Short sales and Bank Owned Foreclosures) continue to impact the market as it now represents 22.1% of the Active inventory and 79.4% of the Pending sales. 

This past week there were 13 new sales for a YTD total of 32 sales.  These sales ranged from a low of $58,000 to a high of $815,000.  Most of the sales were below 265,000 with 3 sales above that which were on Skyline for $350,000, Timber Ln for $445,000 and Mackedie for $815,000.  This increased the 6 month average sales price by 20% to $330,294.  The average days on market are 150 days.

 

Lake Tahoe Weekly Real Estate Market Update for the Nevada East Shore 1/27/12

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 buyers on the Nevada side have mostly been attracted to the distress 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 is the result of the Active listings increasing by 1 as the pending sales remained the same.  This distress sales (short sales and bank owned foreclosures) continue to impact the market as it now represents 17.4% of the Active listings and 92% of the Pending sales. 

There were 3 new sales this past week for a YTD total of 7 sales.  These sales were a condo on Tramway for $96,000, Ute Way for $480,000 and North Martin on $262,500.  This decreased the 6 month average sales price by 8% to $676,885.  The average days on market are 199 days.

Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 1/20/12

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.

There has been a small surge in sales 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 increased from 12.7% to 14.9%.  This is the result of the active listings decreasing by 2 as the pending sales increased by 4.  The distress sales (short sales and bank owned foreclosures)  continue to impact the market as it now represents 15.4% of the available inventory and 76% of the pending sales.

This past week there was 1 new sale for a YTD total of 4 sales.  This sale was on top of Kingsbury Grade on Andria for $285,000.  This decreased the 6 month average sales price by 7.3% to $735,715.  The average days on market are 203 days.

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