Lake Tahoe Weekly Real Estate Market Update For The Nevada East Shore 10/14/11
October 14, 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 starting strong for the 4th quarter. To measure the most current buyer activity, I use the Market Activity Ration which is the relationship between Active listings and Pending sales. This past week the market activity ratio slightly increased from 13.1% to 13.2%. This is the result of the Active listings decreasing by 2 as the Pending sales remained the same. The distress sales (short sales and bank owned foreclosures) now represents 10.3% of the active inventory and 46.4% of the pending sales.
There were 3 new sales this past week for a YTD of 99 sales. These sales were on Red Fir in Skyland for $340,000, Lincoln Cr for $631,000 and Cave Rock Dr for $250,000. This decreased the 6 month average sales price by 2.3% to $1,226,114. The average days on market are 212 days.
Lake Tahoe Weekly Real Estate Market Update For The Nevada East Shore 10/5/11
October 5, 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 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.
Lake Tahoe Real Estate Market Update For Nevada East Shore 9/16/11
September 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.
Buyers are taking advantage of recent price reductions as sellers become more anxious with the weather change. To measure that 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 increase from 12.4% to 14.1%. This is the result of the Active listings decreasing by 3 as the pending sales increased by 4. The distress sales (short sales and bank owned foreclosures) now represents 9.5% of the active inventory and 39.4% of the pending sales.
This past week there was 1 new sale for a YTD of 84 sales. This sale was a condo on Orion with a partial lake view and it sold for $270,000. This resulted in an increase in the 6 month average sales price by 2% to $1,100,120. The average days on market are 200 days.
Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 9/8/11
September 8, 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 east shore market is showing steady sales. To measure the most current market activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales. This past week it did decrease from 13.2% to 12.4%. This is the result of the Active listings increasing by 6 as the pending sales decreased by 1. The distress sales (short sales and bank owned foreclosures) continues to impact the market which represents 7.8% of the active inventory and 41.4% of the pending sales.
This past week there were 2 new sales for a YTD of 83 sales. These sales were a condo on Quaking Aspen for $215,000 and a home on Hillcrest for $1,265,000. This decreased the 6 month average sales price by 7.3% to $1,078,455. The average days on market are 197 days.
Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 9/2/11
September 2, 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 inventory is diminishing as we approach winter and the buyers are showing interest. 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 11% to 13.2%. This is the result of the Active listings decreasing by 5 as the Pending sales increased by 5. The distress sales (short sales and bank owned) has decreased to 8.1% and the Pending sales has also decreased to 40%.
This past week there were 2 new sales for a YTD of 81 sales. These sales were a lake view condo in Cave Rock for $225,000 and a lake view home on Hillcrest for $1,265,000. This increased the 6 month average sales price by 19.2% to $1,163,484. The average days on market are 200 days.
