Lake Tahoe Weekly Real Estate Market Update for the Nevada East Shore 1/27/12
January 27, 2012
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 the Nevada East Shore 12/16/11
December 16, 2011
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 remaining strong as we push to the end of the 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 slightly from 14.6% to 14.8%. This is the result of Active listings decreasing by 3 as the Pending sales increased by 1. The distress sales ( Short sales and bank owned foreclosures) continues to impact the market which represents 14.8% of the Active inventory and 53.8% of the pending sales.
There were 3 new sales for a YTD of 129 sales. These sales were a condo on Tina Ct for $115,000, another condo on 331 Tramway for $78,000 and Chimney Rock for $1,050,000. The 6 month average sales price decreased by 7.8% to $827,313. The average days on market are 208 days.
Lake Tahoe Weekly Real Estate Market Statistics For Nevada East Shore 9/30/11
September 30, 2011
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 seeing a strong end to the summer season. 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 was steady at 14%. This is the result of the Active listings decreasing by 5 as the Pending sales decreased by 1. The distress sales continue to impact the market and it represents 10.2% of the Active inventory and 31.3% of the Pending sales.
This past week there were 3 new sales for a YTD of 90 sales. These sales were on Thomas Dr for $650,000, Deer Cliff Dr for $535,000 and Myron Dr for $850,000. This decreased the 6 month average sales price by 1.2% to $1,113,257. The average days on market are 209 days.
Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 7/15/11
July 15, 2011
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.
Lake Tahoe Weekly Real Estate Market Update For East shore Nevada
October 1, 2010
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
Big sales in Nevada this week and the activity is still swarming! To track the most current buyer activity, I use the market activity Ratio. Tis is the relationship between Active listings and Pending sales. This past week we saw the Market Activity Ratio slightly increase from 13.4% to 13.7%. This is the result of inventory decreasing by 12 as the pending sales decreased by 1. The are currently 4 bank owned properties active on the market. The number of pending bank owned properties are 4 and the number of pending short sales are 10. The distress sales pending are now 43.8% of all pending sales.
There were 10 new sales this past week for a YTD of 100 sales. The sales ranged from $84,000 to $4,850,000. Two of the sales were lake front properties at Lakeshore Blvd for $4,850,000 and a Pinewild condo for $1,780,000. Despite the big sales, the 6 month average sales price did decrease by 4.4% to $758,518. Average days on market are 201 days.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 231 | $422,384,885 | $1,828,506 | $635,000 | 257 | |||
| Listings Under Contract | 3 | $2,829,900 | $943,300 | $999,900 | 382 | |||
| Listings Sold 2010 | 67 | $50,820,707 | $758,518 | $475,500 | 201 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 34 | $10,037,987 | $295,235 | $257,250 | 281 | |||
| Upper Kingsbury | 12 | $8,222,900 | $685,242 | $572,250 | 238 | |||
| Mid Kingsbury | 15 | $15,099,300 | $1,006,620 | $570,000 | 139 | |||
| Lower Kingsbury | 7 | $10,368,000 | $1,481,143 | $1,595,000 | 201 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 698 | |||
| Kahle Park | 2 | $558,999 | $279,500 | $279,500 | 364 | |||
| Lake Village | 13 | $5,117,900 | $393,685 | $349,900 | 64 | |||
| Round Hill | 13 | $15,780,500 | $1,213,885 | $650,000 | 329 | |||
| Elk Point | 2 | $2,220,000 | $1,110,000 | $1,110,000 | 25 | |||
| Pinewild/Marla | 10 | $9,907,000 | $990,700 | $661,500 | 192 | |||
| Zephyr Heights/Knolls | 15 | $12,153,500 | $810,233 | $675,000 | 153 | |||
| Zephyr Cove | 1 | $499,900 | $499,900 | $499,900 | 163 | |||
| Skyland/Tall Pn/Snug Harbor | 9 | $5,848,000 | $649,778 | $599,000 | 191 | |||
| Hidden Woods | 3 | $4,625,000 | $1,541,667 | $1,000,000 | 378 | |||
| Upper & Lower Lakeridge – LT | 2 | $2,094,999 | $1,047,500 | $1,047,500 | 793 | |||
| Cave Rock | 8 | $10,428,000 | $1,303,500 | $734,500 | 197 | |||
| Logan/Cedarbrok | 3 | $7,390,000 | $2,463,333 | $2,200,000 | 396 | |||
| Glenbrk/Uppaway | 22 | $63,646,000 | $2,893,000 | $1,895,000 | 363 | |||
| Lakefront Propt | 20 | $199,289,000 | $9,964,450 | $4,737,500 | 469 | |||
| Sub Total | 192 | $384,981,985 | $2,005,115 | $659,500 | 268 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Upper Kingsbury | 1 | $499,000 | $499,000 | $499,000 | 4 | |||
| Sub Total | 1 | $499,000 | $499,000 | $499,000 | 4 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 1 | $259,000 | $259,000 | $259,000 | 183 | |||
| Lake Village | 1 | $327,500 | $327,500 | $327,500 | 184 | |||
| Logan/Cedarbrok | 1 | $674,900 | $674,900 | $674,900 | 69 | |||
| Sub Total | 3 | $1,261,400 | $420,467 | $327,500 | 145 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $299,900 | $149,950 | $149,950 | 50 | |||
| Mid Kingsbury | 1 | $425,000 | $425,000 | $425,000 | 134 | |||
| Cave Rock | 2 | $4,575,000 | $2,287,500 | $2,287,500 | 267 | |||
| Lakefront Propt | 1 | $3,975,000 | $3,975,000 | $3,975,000 | 24 | |||
| Sub Total | 6 | $9,274,900 | $1,545,817 | $1,112,500 | 132 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $774,900 | $387,450 | $387,450 | 66 | |||
| Mid Kingsbury | 2 | $1,565,000 | $782,500 | $782,500 | 92 | |||
| Round Hill | 1 | $729,000 | $729,000 | $729,000 | 122 | |||
| Cave Rock | 1 | $955,000 | $955,000 | $955,000 | 158 | |||
| Lakefront Propt | 2 | $11,375,000 | $5,687,500 | $5,687,500 | 453 | |||
| Sub Total | 8 | $15,398,900 | $1,924,863 | $842,000 | 188 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 5 | $1,843,900 | $368,780 | $375,000 | 163 | |||
| Lower Kingsbury | 1 | $201,500 | $201,500 | $201,500 | 10 | |||
| Round Hill | 2 | $2,440,000 | $1,220,000 | $1,220,000 | 128 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $635,000 | $635,000 | $635,000 | 119 | |||
| Upper & Lower Lakeridge – LT | 2 | $1,444,000 | $722,000 | $722,000 | 98 | |||
| Sub Total | 11 | $6,564,400 | $596,764 | $595,000 | 127 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $438,900 | $219,450 | $219,450 | 156 | |||
| Lower Kingsbury | 1 | $348,000 | $348,000 | $348,000 | 36 | |||
| Lake Village | 3 | $914,400 | $304,800 | $315,000 | 533 | |||
| Round Hill | 1 | $399,000 | $399,000 | $399,000 | 318 | |||
| Zephyr Heights/Knolls | 1 | $539,000 | $539,000 | $539,000 | 92 | |||
| Cave Rock | 2 | $1,765,000 | $882,500 | $882,500 | 699 | |||
| Sub Total | 10 | $4,404,300 | $440,430 | $338,500 | 375 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 11 | $2,359,407 | $214,492 | $158,350 | 224 | |||
| Upper Kingsbury | 10 | $6,389,900 | $638,990 | $425,000 | 108 | |||
| Mid Kingsbury | 5 | $2,885,000 | $577,000 | $482,000 | 211 | |||
| Lower Kingsbury | 3 | $1,067,500 | $355,833 | $316,000 | 60 | |||
| Lake Village | 5 | $1,417,500 | $283,500 | $295,000 | 121 | |||
| Round Hill | 9 | $4,790,500 | $532,278 | $475,500 | 142 | |||
| Elk Point | 2 | $2,470,000 | $1,235,000 | $1,235,000 | 181 | |||
| Pinewild/Marla | 3 | $2,285,000 | $761,667 | $505,000 | 163 | |||
| Zephyr Heights/Knolls | 6 | $3,974,000 | $662,333 | $687,500 | 308 | |||
| Zephyr Cove | 1 | $730,000 | $730,000 | $730,000 | 939 | |||
| Skyland/Tall Pn/Snug Harbor | 2 | $1,700,900 | $850,450 | $850,450 | 455 | |||
| Upper & Lower Lakeridge – LT | 3 | $2,911,000 | $970,333 | $849,000 | 240 | |||
| Cave Rock | 2 | $1,692,500 | $846,250 | $846,250 | 257 | |||
| Glenbrk/Uppaway | 4 | $11,297,500 | $2,824,375 | $2,025,000 | 227 | |||
| Lakefront Propt | 1 | $4,850,000 | $4,850,000 | $4,850,000 | 137 | |||
| Sub Total | 67 | $50,820,707 | $758,518 | $475,500 | 201 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Pinewild/Marla | 1 | $290,000 | $290,000 | $290,000 | 59 | |||
| Zephyr Heights/Knolls | 1 | $999,900 | $999,900 | $999,900 | 898 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $1,540,000 | $1,540,000 | $1,540,000 | 190 | |||
| Sub Total | 3 | $2,829,900 | $943,300 | $999,900 | 382 | |||
