South Lake Tahoe Weekly Real Estate Market Update 2/3/12

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.

Listings per Status

Area Market Survey Summary Listings as of 02/03/12 at 8:57am Active Listing Price Range Quantity Average DOM $50,000 thru $59,999 2 119 $80,000 thru $89,999 1 201 $90,000 thru $99,999 3 123 $100,000 thru $119,999 7 128 $120,000 thru $139,999 8 138 $140,000 thru $159,999 9 120 $160,000 thru $179,999 17 244 $180,000 thru $199,999 11 135 $200,000 thru $249,999 32 180 $250,000 thru $299,999 21 256 $300,000 thru $349,999 25 136 $350,000 thru $399,999 26 100 $400,000 thru $449,999 11 274 $450,000 thru $499,999 24 217 $500,000 thru $549,999 9 165 $550,000 thru $599,999 10 279 $600,000 thru $649,999 3 123 $650,000 thru $699,999 10 141 $700,000 thru $749,999 2 250 $750,000 thru $799,999 2 231 $800,000 thru $849,999 2 371 $850,000 thru $899,999 7 175 $900,000 thru $949,999 1 584 $950,000 thru $999,999 3 433 $1,250,000 thru $1,499,999 11 204 $1,500,000 thru $1,749,999 3 377 $1,750,000 thru $1,999,999 1 669 $2,000,000 thru $2,249,999 2 674 $2,250,000 thru $2,499,999 1 674 $2,500,000 thru $2,749,999 2 674 $3,250,000 thru $3,499,999 1 128 $3,500,000 thru $3,749,999 1 364 $4,250,000 thru $4,499,999 1 391 $10,000,000 or More 1 758   270 203   Summary Price Information Minimum $55,000 Maximum $12,900,000 Average $550,124 Median $349,900 Pending Listing Price Range Quantity Average DOM $40,000 thru $49,999 4 23 $70,000 thru $79,999 4 200 $80,000 thru $89,999 8 139 $90,000 thru $99,999 4 219 $100,000 thru $119,999 16 93 $120,000 thru $139,999 20 101 $140,000 thru $159,999 36 161 $160,000 thru $179,999 44 131 $180,000 thru $199,999 20 123 $200,000 thru $249,999 72 99 $250,000 thru $299,999 44 116 $300,000 thru $349,999 16 287 $350,000 thru $399,999 44 103 $400,000 thru $449,999 16 203 $450,000 thru $499,999 20 154 $500,000 thru $549,999 4 66 $550,000 thru $599,999 12 179 $600,000 thru $649,999 4 529 $900,000 thru $949,999 4 59 $950,000 thru $999,999 4 144 $1,000,000 thru $1,249,999 8 91   404 134   Summary Price Information Minimum $49,900 Maximum $1,099,000 Average $290,526 Median $232,900 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Summary Listings as of 02/03/12 at 8:57am Sold Selling Price Range Quantity Average DOM $40,000 thru $49,999 2 259 $50,000 thru $59,999 2 92 $70,000 thru $79,999 4 100 $80,000 thru $89,999 2 159 $90,000 thru $99,999 8 138 $100,000 thru $119,999 18 189 $120,000 thru $139,999 36 139 $140,000 thru $159,999 42 139 $160,000 thru $179,999 60 112 $180,000 thru $199,999 52 131 $200,000 thru $249,999 114 152 $250,000 thru $299,999 56 153 $300,000 thru $349,999 60 129 $350,000 thru $399,999 38 170 $400,000 thru $449,999 32 197 $450,000 thru $499,999 30 176 $500,000 thru $549,999 22 131 $550,000 thru $599,999 12 185 $600,000 thru $649,999 14 309 $650,000 thru $699,999 4 211 $700,000 thru $749,999 10 171 $750,000 thru $799,999 6 175 $800,000 thru $849,999 4 163 $900,000 thru $949,999 2 108 $950,000 thru $999,999 2 199 $1,000,000 thru $1,249,999 4 157 $1,250,000 thru $1,499,999 2 291 $2,500,000 thru $2,749,999 2 403 $3,500,000 thru $3,749,999 2 120 $4,000,000 thru $4,249,999 2 143   644 153   Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $330,181 Median $235,000 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

South Tahoe Weekly Real Estate Market Update for 10/14/11

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.

Listings per Status

Area Market Survey Listings as of 10/14/11 at 8:26am   Active Listing Price Range Quantity Average DOM   $60,000 thru $69,999 1 28   $90,000 thru $99,999 1 120   $100,000 thru $119,999 5 123   $120,000 thru $139,999 14 130   $140,000 thru $159,999 14 110   $160,000 thru $179,999 20 116   $180,000 thru $199,999 24 124   $200,000 thru $249,999 40 183   $250,000 thru $299,999 38 200   $300,000 thru $349,999 38 165   $350,000 thru $399,999 32 103   $400,000 thru $449,999 22 217   $450,000 thru $499,999 34 149   $500,000 thru $549,999 13 151   $550,000 thru $599,999 15 179   $600,000 thru $649,999 12 237   $650,000 thru $699,999 18 95   $700,000 thru $749,999 5 146   $750,000 thru $799,999 6 219   $800,000 thru $849,999 4 319   $850,000 thru $899,999 5 157   $900,000 thru $949,999 3 238   $950,000 thru $999,999 3 500   $1,000,000 thru $1,249,999 2 238   $1,250,000 thru $1,499,999 11 151   $1,500,000 thru $1,749,999 6 432   $1,750,000 thru $1,999,999 2 406   $2,000,000 thru $2,249,999 4 386   $2,250,000 thru $2,499,999 1 582   $2,500,000 thru $2,749,999 2 582   $3,250,000 thru $3,499,999 2 51   $3,750,000 thru $3,999,999 1 17   $4,250,000 thru $4,499,999 2 303   $10,000,000 or more 1 666     401 173     Summary Price Information Minimum $65,000 Maximum $12,900,000 Average $549,990 Median $369,000   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 10/14/11 at 8:26am   Pending Listing Price Range Quantity Average DOM   $40,000 thru $49,999 1 253   $70,000 thru $79,999 1 36   $80,000 thru $89,999 1 118   $90,000 thru $99,999 2 160   $100,000 thru $119,999 4 95   $120,000 thru $139,999 7 125   $140,000 thru $159,999 6 169   $160,000 thru $179,999 12 119   $180,000 thru $199,999 13 168   $200,000 thru $249,999 24 174   $250,000 thru $299,999 17 189   $300,000 thru $349,999 11 80   $350,000 thru $399,999 6 179   $400,000 thru $449,999 6 103   $450,000 thru $499,999 7 259   $500,000 thru $549,999 1 127   $550,000 thru $599,999 1 106   $600,000 thru $649,999 1 17   $650,000 thru $699,999 1 140   $700,000 thru $749,999 1 247   $750,000 thru $799,999 1 86   $800,000 thru $849,999 1 83   $3,500,000 thru $3,749,999 1 252     126 154     Summary Price Information Minimum $45,000 Maximum $3,595,000 Average $298,494 Median $234,950   Sold Selling Price Range Quantity Average DOM   $60,000 thru $69,999 2 106   $70,000 thru $79,999 3 83   $80,000 thru $89,999 1 159   $90,000 thru $99,999 6 85   $100,000 thru $119,999 4 184   $120,000 thru $139,999 10 102   $140,000 thru $159,999 18 185   $160,000 thru $179,999 22 101   $180,000 thru $199,999 22 157   $200,000 thru $249,999 49 132   $250,000 thru $299,999 29 166   $300,000 thru $349,999 32 143   $350,000 thru $399,999 17 97   $400,000 thru $449,999 17 178   $450,000 thru $499,999 11 150   $500,000 thru $549,999 11 116   $550,000 thru $599,999 11 256   $600,000 thru $649,999 7 222   $650,000 thru $699,999 1 119   $700,000 thru $749,999 4 165   $750,000 thru $799,999 4 66   $800,000 thru $849,999 4 186   $900,000 thru $949,999 2 265   $1,000,000 thru $1,249,999 1 110   $1,250,000 thru $1,499,999 1 735   $1,500,000 thru $1,749,999 1 585   $2,500,000 thru $2,749,999 1 445   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     293 151     Summary Price Information Minimum $65,000 Maximum $4,200,000 Average $354,275 Median $275,000   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

South Lake Tahoe Weekly Real Estate Market Update 9/16/11

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.

Listings per Status

Area Market Survey Listings as of 09/16/11 at 9:05am   Active Listing Price Range Quantity Average DOM   $70,000 thru $79,999 1 8   $80,000 thru $89,999 2 136   $100,000 thru $119,999 8 95   $120,000 thru $139,999 14 144   $140,000 thru $159,999 13 100   $160,000 thru $179,999 19 129   $180,000 thru $199,999 31 145   $200,000 thru $249,999 47 249   $250,000 thru $299,999 46 174   $300,000 thru $349,999 33 179   $350,000 thru $399,999 32 96   $400,000 thru $449,999 32 179   $450,000 thru $499,999 35 184   $500,000 thru $549,999 13 172   $550,000 thru $599,999 17 152   $600,000 thru $649,999 12 245   $650,000 thru $699,999 17 81   $700,000 thru $749,999 7 133   $750,000 thru $799,999 6 177   $800,000 thru $849,999 6 124   $850,000 thru $899,999 5 216   $900,000 thru $949,999 3 212   $950,000 thru $999,999 4 409   $1,000,000 thru $1,249,999 1 416   $1,250,000 thru $1,499,999 12 140   $1,500,000 thru $1,749,999 8 341   $1,750,000 thru $1,999,999 2 378   $2,000,000 thru $2,249,999 4 358   $2,250,000 thru $2,499,999 1 554   $2,500,000 thru $2,749,999 2 554   $3,250,000 thru $3,499,999 1 58   $3,500,000 thru $3,749,999 2 436   $4,250,000 thru $4,499,999 2 275   $10,000,000 or more 1 638     439 178     Summary Price Information Minimum $79,900 Maximum $12,900,000 Average $540,041 Median $365,000   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 09/16/11 at 9:05am   Pending Listing Price Range Quantity Average DOM   $40,000 thru $49,999 1 225   $90,000 thru $99,999 1 47   $100,000 thru $119,999 1 197   $120,000 thru $139,999 4 83   $140,000 thru $159,999 10 136   $160,000 thru $179,999 13 102   $180,000 thru $199,999 11 116   $200,000 thru $249,999 23 127   $250,000 thru $299,999 13 207   $300,000 thru $349,999 12 95   $350,000 thru $399,999 5 187   $400,000 thru $449,999 6 69   $450,000 thru $499,999 10 195   $500,000 thru $549,999 4 91   $550,000 thru $599,999 2 217   $600,000 thru $649,999 2 164   $650,000 thru $699,999 1 88   $800,000 thru $849,999 1 151   $900,000 thru $949,999 1 95   $1,000,000 thru $1,249,999 1 99   $3,750,000 thru $3,999,999 1 102   $4,000,000 thru $4,249,999 1 125     124 134     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $364,447 Median $249,000   Sold Selling Price Range Quantity Average DOM   $60,000 thru $69,999 2 106   $70,000 thru $79,999 3 83   $80,000 thru $89,999 1 159   $90,000 thru $99,999 7 111   $100,000 thru $119,999 6 155   $120,000 thru $139,999 9 113   $140,000 thru $159,999 16 196   $160,000 thru $179,999 19 98   $180,000 thru $199,999 18 161   $200,000 thru $249,999 48 137   $250,000 thru $299,999 29 162   $300,000 thru $349,999 34 150   $350,000 thru $399,999 17 97   $400,000 thru $449,999 16 159   $450,000 thru $499,999 10 152   $500,000 thru $549,999 13 116   $550,000 thru $599,999 11 227   $600,000 thru $649,999 5 241   $650,000 thru $699,999 2 130   $700,000 thru $749,999 2 36   $750,000 thru $799,999 4 66   $800,000 thru $849,999 3 192   $900,000 thru $949,999 1 422   $950,000 thru $999,999 1 285   $1,000,000 thru $1,249,999 1 94   $1,250,000 thru $1,499,999 2 583   $1,500,000 thru $1,749,999 1 585   $2,500,000 thru $2,749,999 1 445     282 152     Summary Price Information Minimum $65,000 Maximum $2,630,000 Average $331,651 Median $265,500   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

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

Listings per Status

Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore 7/28/11

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.

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.

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