South Lake Tahoe Weekly Real Estate Market Update 11/4/11

November 4, 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 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
%Jim Wire %Real Estate Lake Tahoe

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

South Lake Tahoe Weekly Real Estate Market Update for 10/21/11

October 21, 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 buyer activity remains strong at the bottom end and the high end buyers seem to be missing!  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 with a slight increase from 23.9% to 24%.  This is the result of the Active listings decreasing by 14 as the pending sales decreased by 4.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it represents 20.9% of the active inventory and 66.4% of the pending sales.

There were 17 new sales this past week for a YTD of 452 sales.  The sales ranged from a low of $$45,000 which was a condo on Bonanza Ave to a high of $460,000 which was on E River Park Dr.  With the lack of any high end sales the 6 month average sales price dropped significantly by 2% to $$347,262.  The average days on market are 154 days. 

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 10/21/11 at 8:57am

 

Active
Listing Price Range Quantity Average DOM  
$60,000 thru $69,999 1 35  
$90,000 thru $99,999 2 95  
$100,000 thru $119,999 4 147  
$120,000 thru $139,999 12 154  
$140,000 thru $159,999 13 115  
$160,000 thru $179,999 24 112  
$180,000 thru $199,999 21 140  
$200,000 thru $249,999 43 177  
$250,000 thru $299,999 35 224  
$300,000 thru $349,999 36 166  
$350,000 thru $399,999 29 107  
$400,000 thru $449,999 22 224  
$450,000 thru $499,999 36 162  
$500,000 thru $549,999 7 228  
$550,000 thru $599,999 19 179  
$600,000 thru $649,999 9 252  
$650,000 thru $699,999 16 105  
$700,000 thru $749,999 5 153  
$750,000 thru $799,999 6 235  
$800,000 thru $849,999 3 204  
$850,000 thru $899,999 5 164  
$900,000 thru $949,999 3 245  
$950,000 thru $999,999 3 507  
$1,000,000 thru $1,249,999 1 39  
$1,250,000 thru $1,499,999 12 139  
$1,500,000 thru $1,749,999 6 439  
$1,750,000 thru $1,999,999 2 413  
$2,000,000 thru $2,249,999 4 393  
$2,250,000 thru $2,499,999 1 589  
$2,500,000 thru $2,749,999 2 589  
$3,250,000 thru $3,499,999 1 23  
$3,750,000 thru $3,999,999 1 24  
$4,250,000 thru $4,499,999 2 310  
$10,000,000 or more 1 673  
  387 180  
 
Summary Price Information
Minimum $65,000 Maximum $12,900,000
Average $544,705 Median $365,650

 

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 10/21/11 at 8:57am

 

Pending
Listing Price Range Quantity Average DOM  
$70,000 thru $79,999 1 43  
$80,000 thru $89,999 1 125  
$90,000 thru $99,999 1 82  
$100,000 thru $119,999 3 114  
$120,000 thru $139,999 9 114  
$140,000 thru $159,999 6 164  
$160,000 thru $179,999 13 113  
$180,000 thru $199,999 11 178  
$200,000 thru $249,999 21 192  
$250,000 thru $299,999 16 184  
$300,000 thru $349,999 10 67  
$350,000 thru $399,999 7 114  
$400,000 thru $449,999 6 116  
$450,000 thru $499,999 5 273  
$500,000 thru $549,999 5 91  
$550,000 thru $599,999 1 113  
$600,000 thru $649,999 1 24  
$650,000 thru $699,999 1 147  
$700,000 thru $749,999 1 254  
$750,000 thru $799,999 1 93  
$800,000 thru $849,999 1 90  
$3,500,000 thru $3,749,999 1 259  
  122 147  
 
Summary Price Information
Minimum $79,900 Maximum $3,595,000
Average $309,347 Median $239,450

 

Sold
Selling Price Range Quantity Average DOM  
$40,000 thru $49,999 1 259  
$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 8 102  
$100,000 thru $119,999 3 196  
$120,000 thru $139,999 10 102  
$140,000 thru $159,999 19 186  
$160,000 thru $179,999 24 103  
$180,000 thru $199,999 23 151  
$200,000 thru $249,999 48 135  
$250,000 thru $299,999 32 169  
$300,000 thru $349,999 33 148  
$350,000 thru $399,999 15 123  
$400,000 thru $449,999 15 177  
$450,000 thru $499,999 12 139  
$500,000 thru $549,999 11 116  
$550,000 thru $599,999 10 269  
$600,000 thru $649,999 7 222  
$650,000 thru $699,999 1 119  
$700,000 thru $749,999 3 206  
$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  
  297 154  
 
Summary Price Information
Minimum $45,000 Maximum $4,200,000
Average $347,262 Median $260,000

 

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 9/8/11

September 8, 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.

Inventory is continueing to drop which is typical for this time of year and September is showing why its still a strong month for sales.  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 increased from 19.8% to 22%.  This is the result of Active listings decreasing by 19 as the Pending sales increased by 11.  The distress sales (Short sales and bank owned foreclosures) continues to impact our market as it represents 18.6% of the active inventory and 54% of the pending sales.

This past week there were 11 new sales for a YTD of 368 sales.  These sales ranged from $98,500 to $725,000.  Most of the sales were below $245,000 with the exception of three sales which were on Ala Wai for $390,000, Nadowa for $465,000 and Daggott Ct for $725,000.  This decreased the 6 month average sales price by .6% to $337,619.  Last year at on September 10th the were 373 sales and the 6 month average sales price was at $396,641 which is a 14.9% higher than todays average.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 09/08/11 at 7:38pm

 

Active
Listing Price Range Quantity Average DOM  
$40,000 thru $49,999 1 217  
$70,000 thru $79,999 1 0  
$80,000 thru $89,999 2 128  
$90,000 thru $99,999 1 153  
$100,000 thru $119,999 7 91  
$120,000 thru $139,999 14 136  
$140,000 thru $159,999 14 89  
$160,000 thru $179,999 19 137  
$180,000 thru $199,999 32 116  
$200,000 thru $249,999 54 239  
$250,000 thru $299,999 47 173  
$300,000 thru $349,999 32 173  
$350,000 thru $399,999 31 99  
$400,000 thru $449,999 31 178  
$450,000 thru $499,999 37 185  
$500,000 thru $549,999 11 181  
$550,000 thru $599,999 17 149  
$600,000 thru $649,999 14 239  
$650,000 thru $699,999 15 76  
$700,000 thru $749,999 8 123  
$750,000 thru $799,999 6 169  
$800,000 thru $849,999 6 116  
$850,000 thru $899,999 5 208  
$900,000 thru $949,999 3 204  
$950,000 thru $999,999 4 401  
$1,000,000 thru $1,249,999 1 408  
$1,250,000 thru $1,499,999 12 141  
$1,500,000 thru $1,749,999 7 381  
$1,750,000 thru $1,999,999 2 370  
$2,000,000 thru $2,249,999 4 350  
$2,250,000 thru $2,499,999 1 546  
$2,500,000 thru $2,749,999 2 546  
$3,250,000 thru $3,499,999 1 50  
$3,500,000 thru $3,749,999 2 428  
$4,250,000 thru $4,499,999 2 267  
$10,000,000 or more 1 630  
  447 175  
 
Summary Price Information
Minimum $45,000 Maximum $12,900,000
Average $530,621 Median $349,000

 

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 09/08/11 at 7:38pm

 

Pending
Listing Price Range Quantity Average DOM  
$80,000 thru $89,999 1 44  
$90,000 thru $99,999 2 75  
$100,000 thru $119,999 1 189  
$120,000 thru $139,999 4 75  
$140,000 thru $159,999 9 133  
$160,000 thru $179,999 13 116  
$180,000 thru $199,999 9 142  
$200,000 thru $249,999 25 93  
$250,000 thru $299,999 13 215  
$300,000 thru $349,999 13 82  
$350,000 thru $399,999 7 168  
$400,000 thru $449,999 6 61  
$450,000 thru $499,999 9 196  
$500,000 thru $549,999 4 83  
$550,000 thru $599,999 2 209  
$600,000 thru $649,999 2 156  
$650,000 thru $699,999 1 80  
$800,000 thru $849,999 1 143  
$900,000 thru $949,999 1 87  
$1,000,000 thru $1,249,999 1 91  
$3,750,000 thru $3,999,999 1 94  
$4,000,000 thru $4,249,999 1 117  
  126 126  
 
Summary Price Information
Minimum $80,000 Maximum $4,200,000
Average $364,255 Median $249,000

 

Sold
Selling Price Range Quantity Average DOM  
$60,000 thru $69,999 2 106  
$70,000 thru $79,999 2 100  
$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 17 191  
$160,000 thru $179,999 18 100  
$180,000 thru $199,999 16 132  
$200,000 thru $249,999 44 142  
$250,000 thru $299,999 30 162  
$300,000 thru $349,999 35 160  
$350,000 thru $399,999 15 83  
$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 4 239  
$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  
  277 154  
 
Summary Price Information
Minimum $65,000 Maximum $2,630,000
Average $337,619 Median $280,000

 

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 9/2/11

September 2, 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.  

Despite the continued stream of foreclosures coming on the market the inventory is diminishing which is normal as we approach winter.  The bottom end prices continue to drive our market.  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 increased from 19.1% to 19.8%.  This is the result of the Active listings decreasing by 7 as the Pending sales increased by 3.  It’s interesting to note that the distress sale inventory (short sales and bank owned) has decreased slightly by almost 2% but it continues to dominate the pending sales at 56.5%.

This past week there were 11 new sales for a YTD of 357 sales.  These sales ranged from $142,500 to $500,000.  All of the sales were below $340,000 with the exception of 2 sales on Skyline Dr for $450,000 and Lassen Dr for $500,000.  This decreased the 6 month average sales price by 1.1% to $339,518.  The average days on market are 156 days.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 09/02/11 at 8:13am

 

Active
Listing Price Range Quantity Average DOM  
$40,000 thru $49,999 1 211  
$80,000 thru $89,999 2 122  
$90,000 thru $99,999 2 138  
$100,000 thru $119,999 7 98  
$120,000 thru $139,999 13 137  
$140,000 thru $159,999 17 88  
$160,000 thru $179,999 18 129  
$180,000 thru $199,999 32 127  
$200,000 thru $249,999 60 210  
$250,000 thru $299,999 50 182  
$300,000 thru $349,999 35 163  
$350,000 thru $399,999 30 98  
$400,000 thru $449,999 32 145  
$450,000 thru $499,999 43 175  
$500,000 thru $549,999 11 175  
$550,000 thru $599,999 16 185  
$600,000 thru $649,999 15 234  
$650,000 thru $699,999 13 71  
$700,000 thru $749,999 10 105  
$750,000 thru $799,999 6 163  
$800,000 thru $849,999 7 114  
$850,000 thru $899,999 4 254  
$900,000 thru $949,999 3 198  
$950,000 thru $999,999 4 395  
$1,000,000 thru $1,249,999 1 402  
$1,250,000 thru $1,499,999 12 181  
$1,500,000 thru $1,749,999 6 438  
$1,750,000 thru $1,999,999 2 364  
$2,000,000 thru $2,249,999 4 344  
$2,250,000 thru $2,499,999 1 540  
$2,500,000 thru $2,749,999 2 540  
$3,250,000 thru $3,499,999 1 44  
$3,500,000 thru $3,749,999 2 422  
$3,750,000 thru $3,999,999 1 88  
$4,250,000 thru $4,499,999 2 261  
$10,000,000 or more 1 624  
  466 171  
 
Summary Price Information
Minimum $45,000 Maximum $12,900,000
Average $527,829 Median $349,000

 

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 09/02/11 at 8:13am

 

Pending
Listing Price Range Quantity Average DOM  
$80,000 thru $89,999 1 38  
$90,000 thru $99,999 3 59  
$100,000 thru $119,999 1 183  
$120,000 thru $139,999 6 97  
$140,000 thru $159,999 6 157  
$160,000 thru $179,999 11 125  
$180,000 thru $199,999 8 92  
$200,000 thru $249,999 23 85  
$250,000 thru $299,999 11 213  
$300,000 thru $349,999 11 87  
$350,000 thru $399,999 8 146  
$400,000 thru $449,999 5 45  
$450,000 thru $499,999 9 200  
$500,000 thru $549,999 4 77  
$550,000 thru $599,999 2 203  
$600,000 thru $649,999 1 128  
$650,000 thru $699,999 1 74  
$750,000 thru $799,999 1 33  
$900,000 thru $949,999 1 81  
$1,000,000 thru $1,249,999 1 87  
$4,000,000 thru $4,249,999 1 111  
  115 119  
 
Summary Price Information
Minimum $80,000 Maximum $4,200,000
Average $337,012 Median $249,000

 

Sold
Selling Price Range Quantity Average DOM  
$60,000 thru $69,999 2 106  
$70,000 thru $79,999 2 100  
$80,000 thru $89,999 1 159  
$90,000 thru $99,999 6 123  
$100,000 thru $119,999 6 155  
$120,000 thru $139,999 6 85  
$140,000 thru $159,999 17 191  
$160,000 thru $179,999 19 102  
$180,000 thru $199,999 15 137  
$200,000 thru $249,999 44 144  
$250,000 thru $299,999 31 163  
$300,000 thru $349,999 35 160  
$350,000 thru $399,999 16 103  
$400,000 thru $449,999 17 158  
$450,000 thru $499,999 10 149  
$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 3 308  
$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  
  275 156  
 
Summary Price Information
Minimum $65,000 Maximum $2,630,000
Average $339,518 Median $282,500

 

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 8/19/11

August 19, 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 past couple of weeks our market experienced a spike in activity but will it continue?  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 18% to 19.8%.  This is the result of the Active inventory increasing by 10 as the Pending sales increased by 10.  The distress sales (short sales and bank owned properties)  continue to impact the market as it comprises 17.1% of the Active inventory and 56.5% of the Pending inventory.

This past week there were 8 new sales for a YTD of 337 sales.  These sales ranged from only $200,000 to $357,500.  This decreased the 6 month average sales price by 1.4% to $341,357.  The average days on market are 155 days.

Listings per Status

%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 08/19/11 at 8:05am

Active
Listing Price Range Quantity Average DOM
$80,000 thru $89,999 1 154
$90,000 thru $99,999 3 103
$100,000 thru $119,999 6 86
$120,000 thru $139,999 12 129
$140,000 thru $159,999 19 93
$160,000 thru $179,999 20 140
$180,000 thru $199,999 32 142
$200,000 thru $249,999 59 212
$250,000 thru $299,999 47 175
$300,000 thru $349,999 37 159
$350,000 thru $399,999 28 92
$400,000 thru $449,999 31 153
$450,000 thru $499,999 42 177
$500,000 thru $549,999 15 177
$550,000 thru $599,999 17 167
$600,000 thru $649,999 14 175
$650,000 thru $699,999 13 137
$700,000 thru $749,999 9 44
$750,000 thru $799,999 6 234
$800,000 thru $849,999 9 82
$850,000 thru $899,999 4 240
$900,000 thru $949,999 3 184
$950,000 thru $999,999 5 641
$1,000,000 thru $1,249,999 1 388
$1,250,000 thru $1,499,999 11 183
$1,500,000 thru $1,749,999 7 418
$1,750,000 thru $1,999,999 2 350
$2,000,000 thru $2,249,999 4 330
$2,250,000 thru $2,499,999 1 526
$2,500,000 thru $2,749,999 2 526
$3,250,000 thru $3,499,999 1 30
$3,500,000 thru $3,749,999 2 408
$3,750,000 thru $3,999,999 1 74
$4,250,000 thru $4,499,999 2 247
$10,000,000 or more 1 610
467 173
Summary Price Information
Minimum $82,000 Maximum $12,900,000
Average $531,656 Median $349,000
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 08/19/11 at 8:05am

Pending
Listing Price Range Quantity Average DOM
$40,000 thru $49,999 1 197
$80,000 thru $89,999 1 24
$90,000 thru $99,999 4 72
$120,000 thru $139,999 6 78
$140,000 thru $159,999 6 142
$160,000 thru $179,999 11 111
$180,000 thru $199,999 8 76
$200,000 thru $249,999 20 112
$250,000 thru $299,999 13 237
$300,000 thru $349,999 10 92
$350,000 thru $399,999 8 160
$400,000 thru $449,999 3 46
$450,000 thru $499,999 10 177
$500,000 thru $549,999 4 81
$550,000 thru $599,999 3 194
$600,000 thru $649,999 1 114
$650,000 thru $699,999 2 229
$750,000 thru $799,999 1 19
$900,000 thru $949,999 1 67
$1,000,000 thru $1,249,999 1 73
$4,000,000 thru $4,249,999 1 97
115 129
Summary Price Information
Minimum $45,000 Maximum $4,200,000
Average $341,162 Median $251,000

Sold
Selling Price Range Quantity Average DOM
$60,000 thru $69,999 2 106
$70,000 thru $79,999 2 100
$90,000 thru $99,999 6 123
$100,000 thru $119,999 6 155
$120,000 thru $139,999 5 89
$140,000 thru $159,999 16 194
$160,000 thru $179,999 18 106
$180,000 thru $199,999 17 140
$200,000 thru $249,999 43 130
$250,000 thru $299,999 33 160
$300,000 thru $349,999 32 162
$350,000 thru $399,999 18 99
$400,000 thru $449,999 16 151
$450,000 thru $499,999 9 158
$500,000 thru $549,999 11 118
$550,000 thru $599,999 12 234
$600,000 thru $649,999 4 202
$650,000 thru $699,999 2 130
$700,000 thru $749,999 4 333
$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
270 155
Summary Price Information
Minimum $65,000 Maximum $2,630,000
Average $341,357 Median $283,750
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

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