CA Weekly Market Update
August 12, 2009
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 trends.
This past week we saw an upward spike in the Market Activity Ratio from 15.9% to 16.7% as the Inventory dipped and the pending sales rose. The Market Activity Ratio is the relationship between the Active Listings and Pending Sales. The Active listings is down by 6, Pendings Sales up by 5. The completed transactions or Sales is up by 8 for a YTD total of 232 sales with a Median Sales Price of $318,000 and Average Sales Price of $389,286 and the variance from the previous week is up 1% and up 3.4% respectively. What a big difference a $2.8 million sale can make on the numbers. The market continues to show a steady stream of sales. As we near the end of the summer we will see the seasonal decrease in inventory.
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Area Market Survey
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| Listings as of 08/12/09 at 9:25pm |
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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 ©2009 Rapattoni Corporation. All rights reserved. |
Area Market Survey
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| Listings as of 08/12/09 at 9:25pm |
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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 ©2009 Rapattoni Corporation. All rights reserved. |
CA Weekly Market Report
June 30, 2009
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 only. The reason that I use this segment of the market is that it has the most influence on the general value trends.
As Pending Sales remained steady and Active Listings increased by 9 this past week, the Market Indicator Ratio slightly dipped to 17.9%. The Market Indicator Ratio which is derived from Active Listings and Pending Sales gives us a quick snapshot of the activity level. A year ago it was at 12.6% with a higher inventory of Active Listings (465)and and less Pending Sales(67). This past week the sales increased by 11 for a YTD total of 161 with a Median Sales Price of $318,000 and Average Sales Price of $377,661 which is down by .7% from last week and Average Days On Market of 169. Most of the Acitivity is occurring in the price bracket between $200,000 to $300,000 whereas a year ago it was between $300,000 and $400,000. Inventory is keeping pace with the sales.
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Area Market Survey
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| Listings as of 06/30/09 at 8:30pm |
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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 ©2009 Rapattoni Corporation. All rights reserved. |
Area Market Survey
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| Listings as of 06/30/09 at 8:30pm |
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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 ©2009 Rapattoni Corporation. All rights reserved. |

