South Lake Tahoe Weekly Real Estate Market Update 2/3/12
February 3, 2012
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.
South Tahoe Weekly Real Estate Market Update for 10/14/11
October 14, 2011
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 Fall market is hot! Third quarter statistics shows that we are lagging behind 2010. However, my archives show us far ahead for the 4th quarter. 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 we saw the market activity ratio increase from 23.1% to 23.9% and in Oct. 15th 2010 it was 19.6%. This is the result of the active inventory decreasing by 4 as the pending sales increase by 4. Compared to Oct 15th, 2010 there are 30 less for sale signs out there and 21 more escrows. The distress sales (short sales and bank owned foreclosures) now represent 20.2% of the active inventory and 62.7% of the pending sales.
There were 15 new sales this past week for a YTD of 435 sales. These sales ranged from $142,000 to $610,000. The 3 highest sales were on Fairway Ave for $480,000, Southern Pines Dr for $550,000 and Lupine Tr for $610,000. This decreased the 6 month average sales price by .8% to $354,275. The average days on market are 151 days.
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South Lake Tahoe Weekly Real Estate Market Update 9/16/11
September 16, 2011
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 Sellers that have been priced high are making reductions as we approach the winter season and the Buyers are taking full advantage of that. 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 stayed the same at 22%. This is the result of the Active Listings decreasing by 8 as the Pending sales decreased by 2. The distress sales (short sales and bank owned foreclosures) now represents 18.6% of the Active inventory and Pending sales dropped from 54% to 51.6%.
This past week there were 15 new sales for a YTD of 383 sales. The sales ranged from $77,000 to $370,000. This did decrease the 6 month average sales price by 1.8% to $331,651. The average days on market are 152 days. The market above that bracket continues to struggle as the buyers more of an appetite for the bottom end prices. Despite more attractive rates in jumbo loans, buyers above $500,000 are still shy about taking on large mortgages in our new economy. Most of the buyers are cash buyers and they are not as abundant.
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South Lake Tahoe Weekly Real Estate Market Update 8/11/11
August 11, 2011
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Area Market Survey |
| Listings as of 08/11/11 at 9:28pm |
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| 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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045 |
Area Market Survey |
| Listings as of 08/11/11 at 9:28pm |
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| 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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045 |
Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore 7/28/11
July 29, 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.
Inventory is higher and sales are steady on the East shore! 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 decreased from 10.6% to 8.7%. This is the result of the Active listings increasing by 6 as the Pending sales decreased by 3. The distress sales (short sales and foreclosures) currently represent 7.2% of the Active inventory and 50% of the Pending sales.
This past week there was 1 new sale for a YTD of 67 sales. The sale was a lake front home in Skyland and it sold for $3,240,000. This dramatically increased the 6 month average sales price by 11% to $1,255,248. The average days on market are 223 days.


