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.

Lake Tahoe Weekly Real Estate Market Update for East Shore of Nevada 1/13/12

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 Nevada market is moving at a slower pace.  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 14.1% to 12.7%.  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) continue to impact the market as it now represents 15.2% of the Active inventory and 95.2% of the Pending sales.

This past week there were 2 new sales for a YTD of 2 sales.  The sales were a condo on Tramway for $75,000 and a home on Ute Ct for $350,000.  This decreased the 6 month average sales price by 2.9% to $793,259.  The average days on market are 204 days.

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.

Lake Tahoe Weekly Real Estate Market Update for East Shore Nevada 11/4/11

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.

There were less buyers this past week and only a slight drop in inventory.  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 10.7% to 9%.  This is the result of the Active listings decreasing by 12 as the pending sales decreased by 5.  The distress sales (short sales and bank owned foreclosures) continue to impact the market as it now represents 12.2% of the active inventory and 70.6% of the pending inventory.

There were 6 new sales this past week for a YTD of 116 sales.  These sales ranged from $259,000 to a high of $1,695,000.  The only sale above $300,000 was on Lakeview Dr for $1,695,000.  This dramatically decreased the 6 month average sales price by 5% to $1,066,612.  The average days on market are 199 days.

Lake Tahoe Weekly Real Estate Market Update For East Shore Nevada 10/21/11

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.

There has been an absence of the high end sales in Nevada 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 the market activity ratio has decreased from 13.2% to 11.5%.  This is the result of the Active listings increasing by 1 as the Pending sales decreased by 4.  The distress sales (short sales and bank owned foreclosures) are impacting the market more as it now represents 11.4% of the active inventory and 50% of the pending sales. 

This past week there were 6 new sales for a YTD of 105 sales.  These sales ranged from a low of $85,000 which was a condo on Tramway and a high of $631,000 which was on Lincoln Cr.  Without any high end sales the 6 month average sales price dropped significantly by 5.8% to $1,936,920.  The average days on market are 203 days.

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