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 Nevada East Shore 9/2/11

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 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.

Lake Tahoe Weekly Real Estate Market Update 8/26/11

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.  

 Nevada’s activity fell of slightly.  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 11.3% to 11%.  This was the result of the Active listings decreasing by 1 as the Pending sales decreased by 1.  The distress sales (short sales and bank owned) continue to impact the market with 9.4% of the active inventory and 44% of the Pending sales. 

This past week was huge with 5 new sales for a YTD of 79 sales.  These sales were on Easy Street for $450,000, two on Holly Ln for $399K and $390K, Freel for $349,900 and on Foothill for $425,000.  This decreased the 6 month average sales price by 20.7% to $975,761.  The average days on market are 241 days.

Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore 8/12/11

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 is a spike in Buyer activity this past week.  To measure the most buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the market activity did increase from 8.7% to 10%.  This is the result of the Active listings decreasing by 1 as the Pending sales increased by 3.  The distress sales (short sales and bank owned properties) represent 10.6% of the Active inventory and 34.8% of the Pending sales.

There were 2 new sales this past week for a YTD of 72 sales.  These sales were on Cypress Way for $285,000 and Cheyenne for $309,879.  This increased the 6 month average sales price by .7% to $1,263,647.  The average days on market are 234 days.

Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 7/21/11

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.

The predominant trend this year in Nevada are the big sales!  To track 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 slightly increased from 10.3% to 10.6%.  This is the result of Active listings decreasing by 1 as the Pending sales increased by 2.  The distress sales (short sales and foreclosures) now represent 8.9% of the inventory and 52.2% of the pending sales.  Compared to last year at this time, the inventory is down by 6.9% while the sales is maintains the same rate.

This past week there were 2 new sales for a YTD of 66 sales.  The sales were a lake front for $3,900,000 and in Glenbrook for $1,275,000.  The high end sales continue to increase the 6 month average sales price by 6.4% to $1,130,485.  The average days on market are 214 days.

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