South Lake Tahoe Weekly Real Estate Market Update 1/6/12

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.

We begin a New Year with a market that continues to move forward.  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 23.9% to 23.2%.  This is the result of the Active listings decreasing by 8 as the Pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it now represents 26.4% of the active inventory and 75.6% of the pending sales.

There were 13 new sales this past week.  After a great year for the number of units sold in 2011, we now begin the new year with 3 sales YTD.  The sales this past week ranged from $114,900 to $2,650,000.  Most of the sales were below $330,000 with 3 sales above that.  There was a sale on Julie Ln for $475,000, Emerald Dr for $719,000 and a lake front on Lighthouse Shores for $2,650,000.  The lake front sale increased the 6 month average sales price by 1.4% to $334,537.  The average days on market for home sales are 150 days.

Listings per Status

Area Market Survey Listings as of 01/06/12 at 8:38am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 70   $70,000 thru $79,999 1 73   $90,000 thru $99,999 3 103   $100,000 thru $119,999 7 136   $120,000 thru $139,999 6 164   $140,000 thru $159,999 13 139   $160,000 thru $179,999 16 192   $180,000 thru $199,999 13 134   $200,000 thru $249,999 40 177   $250,000 thru $299,999 26 190   $300,000 thru $349,999 23 139   $350,000 thru $399,999 27 93   $400,000 thru $449,999 11 219   $450,000 thru $499,999 28 185   $500,000 thru $549,999 7 180   $550,000 thru $599,999 13 258   $600,000 thru $649,999 2 98   $650,000 thru $699,999 9 143   $700,000 thru $749,999 3 177   $750,000 thru $799,999 3 213   $800,000 thru $849,999 2 343   $850,000 thru $899,999 5 177   $900,000 thru $949,999 3 245   $950,000 thru $999,999 3 452   $1,000,000 thru $1,249,999 1 69   $1,250,000 thru $1,499,999 11 176   $1,500,000 thru $1,749,999 3 349   $1,750,000 thru $1,999,999 2 490   $2,000,000 thru $2,249,999 2 646   $2,250,000 thru $2,499,999 1 646   $2,500,000 thru $2,749,999 2 646   $3,250,000 thru $3,499,999 1 100   $3,500,000 thru $3,749,999 1 336   $3,750,000 thru $3,999,999 1 101   $4,250,000 thru $4,499,999 1 363   $10,000,000 or more 1 730     292 185     Summary Price Information Minimum $59,000 Maximum $12,900,000 Average $554,052 Median $346,750   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 Listings as of 01/06/12 at 8:38am   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 112   $80,000 thru $89,999 1 64   $90,000 thru $99,999 1 204   $100,000 thru $119,999 6 88   $120,000 thru $139,999 5 139   $140,000 thru $159,999 8 119   $160,000 thru $179,999 12 131   $180,000 thru $199,999 7 111   $200,000 thru $249,999 11 81   $250,000 thru $299,999 11 120   $300,000 thru $349,999 4 289   $350,000 thru $399,999 10 113   $400,000 thru $449,999 2 128   $450,000 thru $499,999 3 238   $500,000 thru $549,999 1 38   $550,000 thru $599,999 3 159   $600,000 thru $649,999 2 301   $800,000 thru $849,999 1 148   $1,000,000 thru $1,249,999 1 57     90 130     Summary Price Information Minimum $55,000 Maximum $1,050,000 Average $275,142 Median $219,000   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 6 87   $100,000 thru $119,999 8 143   $120,000 thru $139,999 18 126   $140,000 thru $159,999 20 133   $160,000 thru $179,999 30 110   $180,000 thru $199,999 23 129   $200,000 thru $249,999 62 154   $250,000 thru $299,999 27 156   $300,000 thru $349,999 30 109   $350,000 thru $399,999 16 176   $400,000 thru $449,999 17 193   $450,000 thru $499,999 17 170   $500,000 thru $549,999 13 154   $550,000 thru $599,999 4 222   $600,000 thru $649,999 9 268   $650,000 thru $699,999 2 211   $700,000 thru $749,999 5 171   $750,000 thru $799,999 4 150   $800,000 thru $849,999 1 165   $900,000 thru $949,999 2 265   $950,000 thru $999,999 1 199   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 291   $2,500,000 thru $2,749,999 1 403   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     325 150     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $334,537 Median $237,000   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 Lake Tahoe Weekly Real Estate Market Update 12/9/11

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 lack of snow may not be good for the ski resorts but it’s golden for the real estate sales.  To measure the most current buyer activity, I use the Marke Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the market activity ratio increased from 27.2% to 38%.  I have not seen the ratio go beyond 30% since I started tracking it since the market boom.  This is the result of the Active listings decreasing by 12 as the Pending sales decreased by 4.  There are 46 less homes for sale than last year at this time.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it represents 26% of the active inventory and 71.9% of the pending sales.

This past week there were 15 new sales for a YTD of 540.  These sales ranged from as low as $110,000 to as high as $1,100,000.  Most of the sales were below $375,000 with 2 sales above that for $645,000 on Bonanza and $1,100,000 on Aloha.  The 6 month average sales price continued to decrease by .1% to $335,635.  The average days on market are 151 days.  I compared my notes to last year and we are now ahead of last years sales with 19 more units sold but the average sales price dropped by approximately 8.6%.

Listings per Status

Area Market Survey Listings as of 12/09/11 at 8:25am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 2 63   $70,000 thru $79,999 1 45   $80,000 thru $89,999 1 166   $90,000 thru $99,999 5 82   $100,000 thru $119,999 5 203   $120,000 thru $139,999 10 136   $140,000 thru $159,999 13 86   $160,000 thru $179,999 19 185   $180,000 thru $199,999 13 185   $200,000 thru $249,999 31 171   $250,000 thru $299,999 30 193   $300,000 thru $349,999 22 171   $350,000 thru $399,999 18 115   $400,000 thru $449,999 19 149   $450,000 thru $499,999 24 223   $500,000 thru $549,999 9 147   $550,000 thru $599,999 15 222   $600,000 thru $649,999 5 182   $650,000 thru $699,999 8 139   $700,000 thru $749,999 3 138   $750,000 thru $799,999 6 284   $800,000 thru $849,999 2 315   $850,000 thru $899,999 5 111   $900,000 thru $949,999 3 281   $950,000 thru $999,999 2 593   $1,000,000 thru $1,249,999 2 65   $1,250,000 thru $1,499,999 9 173   $1,500,000 thru $1,749,999 5 506   $1,750,000 thru $1,999,999 2 462   $2,000,000 thru $2,249,999 3 481   $2,250,000 thru $2,499,999 1 618   $2,500,000 thru $2,749,999 2 618   $3,250,000 thru $3,499,999 1 72   $3,500,000 thru $3,749,999 1 308   $3,750,000 thru $3,999,999 1 73   $4,250,000 thru $4,499,999 1 335   $10,000,000 or more 1 702     300 191     Summary Price Information Minimum $55,000 Maximum $12,900,000 Average $560,419 Median $348,750   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 12/09/11 at 8:25am   Pending Listing Price Range Quantity Average DOM   $90,000 thru $99,999 2 115   $100,000 thru $119,999 4 100   $120,000 thru $139,999 5 148   $140,000 thru $159,999 10 154   $160,000 thru $179,999 7 52   $180,000 thru $199,999 8 92   $200,000 thru $249,999 22 181   $250,000 thru $299,999 10 139   $300,000 thru $349,999 6 188   $350,000 thru $399,999 11 120   $400,000 thru $449,999 4 163   $450,000 thru $499,999 9 179   $500,000 thru $549,999 3 171   $550,000 thru $599,999 4 137   $600,000 thru $649,999 3 532   $650,000 thru $699,999 1 141   $750,000 thru $799,999 1 378   $800,000 thru $849,999 1 120   $1,000,000 thru $1,249,999 1 29   $1,250,000 thru $1,499,999 1 278   $2,750,000 thru $2,999,999 1 382     114 159     Summary Price Information Minimum $99,000 Maximum $2,995,000 Average $345,502 Median $249,000   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 8 84   $100,000 thru $119,999 7 149   $120,000 thru $139,999 18 111   $140,000 thru $159,999 21 171   $160,000 thru $179,999 31 117   $180,000 thru $199,999 21 134   $200,000 thru $249,999 55 144   $250,000 thru $299,999 33 164   $300,000 thru $349,999 34 128   $350,000 thru $399,999 16 145   $400,000 thru $449,999 16 190   $450,000 thru $499,999 14 164   $500,000 thru $549,999 12 126   $550,000 thru $599,999 4 372   $600,000 thru $649,999 7 172   $650,000 thru $699,999 3 180   $700,000 thru $749,999 4 186   $750,000 thru $799,999 3 72   $800,000 thru $849,999 4 186   $900,000 thru $949,999 2 265   $1,000,000 thru $1,249,999 2 157   $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     324 151     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $335,635 Median $245,000   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 11/4/11

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 inventory dropped significantly but the market remains strong despite a slight drop in buyer activity.  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 increased from 23.6% to 24.6%.  This is the result of the Active listings decreasing by 37 as the Pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) continue to impact the market which now represents 24.9% of the Active inventory and 64.9% of the Pending sales.

This past week there were 18 new sales for a YTD of 486 sales.  These sales ranged from a low of $128,000 to a high of $760,000.  There were 4 high priced sales which were on Oneidas St for $480,000, Catalina Dr for $519,000, High Meadows Ct for $672,000 and Pioneer Tr for $760,000.  Despite the higher sales the 6 month average sales price dropped by .9% to $340,561.  The average days on market are 153 days.

Listings per Status

Area Market Survey

Listings as of 11/04/11 at 9:26am

 

Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 2 28   $80,000 thru $89,999 2 71   $90,000 thru $99,999 2 39   $100,000 thru $119,999 7 80   $120,000 thru $139,999 13 147   $140,000 thru $159,999 12 126   $160,000 thru $179,999 25 138   $180,000 thru $199,999 18 148   $200,000 thru $249,999 35 163   $250,000 thru $299,999 29 224   $300,000 thru $349,999 29 175   $350,000 thru $399,999 24 123   $400,000 thru $449,999 20 218   $450,000 thru $499,999 33 165   $500,000 thru $549,999 5 96   $550,000 thru $599,999 19 180   $600,000 thru $649,999 8 282   $650,000 thru $699,999 13 116   $700,000 thru $749,999 5 167   $750,000 thru $799,999 6 249   $800,000 thru $849,999 3 215   $850,000 thru $899,999 3 149   $900,000 thru $949,999 3 246   $950,000 thru $999,999 2 535   $1,000,000 thru $1,249,999 2 30   $1,250,000 thru $1,499,999 10 141   $1,500,000 thru $1,749,999 4 315   $1,750,000 thru $1,999,999 2 427   $2,000,000 thru $2,249,999 1 172   $3,250,000 thru $3,499,999 1 37   $3,750,000 thru $3,999,999 1 38   $4,250,000 thru $4,499,999 2 324     341 169

Summary Price Information Minimum $55,000 Maximum $4,350,000 Average $476,200 Median $345,000

 

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 11/04/11 at 9:26am

 

Pending Listing Price Range Quantity Average DOM   $90,000 thru $99,999 1 141   $100,000 thru $119,999 4 128   $120,000 thru $139,999 6 121   $140,000 thru $159,999 10 148   $160,000 thru $179,999 8 120   $180,000 thru $199,999 7 162   $200,000 thru $249,999 20 190   $250,000 thru $299,999 11 184   $300,000 thru $349,999 10 93   $350,000 thru $399,999 8 117   $400,000 thru $449,999 5 201   $450,000 thru $499,999 5 241   $500,000 thru $549,999 4 155   $550,000 thru $599,999 2 114   $600,000 thru $649,999 1 38   $650,000 thru $699,999 1 79   $700,000 thru $749,999 1 268   $750,000 thru $799,999 2 225   $1,000,000 thru $1,249,999 1 176   $1,250,000 thru $1,499,999 1 243   $1,500,000 thru $1,749,999 1 1096   $2,750,000 thru $2,999,999 1 347   $3,500,000 thru $3,749,999 1 273     111 168

Summary Price Information Minimum $99,900 Maximum $3,595,000 Average $377,772 Median $249,900

 

Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $60,000 thru $69,999 1 25   $70,000 thru $79,999 3 83   $80,000 thru $89,999 1 159   $90,000 thru $99,999 9 96   $100,000 thru $119,999 4 159   $120,000 thru $139,999 13 111   $140,000 thru $159,999 18 191   $160,000 thru $179,999 30 106   $180,000 thru $199,999 22 130   $200,000 thru $249,999 54 145   $250,000 thru $299,999 34 162   $300,000 thru $349,999 32 150   $350,000 thru $399,999 17 126   $400,000 thru $449,999 16 163   $450,000 thru $499,999 14 175   $500,000 thru $549,999 12 118   $550,000 thru $599,999 8 300   $600,000 thru $649,999 7 222   $650,000 thru $699,999 2 137   $700,000 thru $749,999 3 206   $750,000 thru $799,999 4 75   $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     317 153

Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $340,561 Median $250,000

 

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

Lake Tahoe Weekly Real Estate Market Update For East Shore Nevada 10/28/11

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.

East shore sales are cooling off as well.  To measure the most current buyer activity, I use the Marke Activity Ratio which is the relationship between Active listings and Pending sales.  This past week, we saw the market activity ratio decrease from 11.5% to 10.7%.  This is the result of the Active sales decreasing by 1 as the Pending sales decreased by 2.  The distress sales ( short sales and bank owned foreclosures) is impacting the market more as it now represents 12.5% of the active inventory and 54.5% the pending sales.

This past week there were 5 new sales for a YTD of 110 sales.  The sales were two condos on top of Kingsbury for $135,000 and $179,900, Andria Dr for $240,000, Glen Ct. for $604,000 and lakeview home on Hillcrest Rd for $743,000.  This decreased the 6 month average sales price by 4.2% to $1,122,391.  The average days on market are 192 days.

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

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