South Lake Tahoe Weekly Real Estate Market Statistics

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.

The Buyer Activity has jumped again!  To track the 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 increased from 22.4% to 24.1% which is the result of the Active Listings increasing by 11 as the Pending Sales also increased by 7. 

There were 4 new sales this past week for a YTD of 67 sales.  There was an extremely slight decrease in the 6 month Sales Average which is now at $395,050.  The Average Days on Market is 161 days.  The highest sale price was at $312,500 and the lowest was at $247,500.  Of the 4 sales, 1 was a bank owned and 1 was a short sale.

Listings per Status

Area Market Survey

Listings as of 03/02/10 at 9:58am

Active Listing Price Range  Quantity      Average DOM   $120,000 thru $139,999 3 231   $140,000 thru $159,999 2 152   $160,000 thru $179,999 7 106   $180,000 thru $199,999 9 131   $200,000 thru $249,999 30 130   $250,000 thru $299,999 48 181   $300,000 thru $349,999 35 161   $350,000 thru $399,999 38 191   $400,000 thru $449,999 22 158   $450,000 thru $499,999 20 202   $500,000 thru $549,999 19 186   $550,000 thru $599,999 23 182   $600,000 thru $649,999 5 230   $650,000 thru $699,999 11 136   $700,000 thru $749,999 11 160   $750,000 thru $799,999 7 175   $800,000 thru $849,999 5 268   $850,000 thru $899,999 5 221   $900,000 thru $949,999 1 442   $950,000 thru $999,999 11 249   $1,000,000 thru $1,249,999 6 151   $1,250,000 thru $1,499,999 9 240   $1,500,000 thru $1,749,999 4 145   $1,750,000 thru $1,999,999 8 228   $2,000,000 thru $2,249,999 1 484   $2,250,000 thru $2,499,999 3 431   $3,250,000 thru $3,499,999 2 286   $4,250,000 thru $4,499,999 1 581   $4,500,000 thru $4,749,999 2 129   $5,000,000 thru $5,999,999 1 1329   $10,000,000 or more 1 75     350 186

Summary Price Information Minimum  $126,000 Maximum  $12,900,000 Average  $648,027 Median  $418,500

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 ©2010 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 03/02/10 at 9:58am

Pending Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 83   $90,000 thru $99,999 1 11   $120,000 thru $139,999 1 29   $160,000 thru $179,999 4 153   $180,000 thru $199,999 8 188   $200,000 thru $249,999 13 90   $250,000 thru $299,999 14 175   $300,000 thru $349,999 14 98   $350,000 thru $399,999 9 222   $400,000 thru $449,999 2 258   $450,000 thru $499,999 12 170   $500,000 thru $549,999 6 173   $550,000 thru $599,999 3 77   $600,000 thru $649,999 4 188   $650,000 thru $699,999 5 165   $700,000 thru $749,999 4 108   $750,000 thru $799,999 1 973   $800,000 thru $849,999 1 655   $850,000 thru $899,999 2 223   $950,000 thru $999,999 1 662   $1,000,000 thru $1,249,999 4 319   $1,250,000 thru $1,499,999 1 127     111 173

Summary Price Information Minimum  $81,000 Maximum  $1,395,000 Average  $433,483 Median  $349,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $80,000 thru $89,999 3 97   $100,000 thru $119,999 1 38   $120,000 thru $139,999 6 206   $140,000 thru $159,999 8 111   $160,000 thru $179,999 4 94   $180,000 thru $199,999 11 102   $200,000 thru $249,999 45 120   $250,000 thru $299,999 49 136   $300,000 thru $349,999 31 140   $350,000 thru $399,999 24 185   $400,000 thru $449,999 16 190   $450,000 thru $499,999 14 256   $500,000 thru $549,999 9 197   $550,000 thru $599,999 15 198   $600,000 thru $649,999 9 223   $650,000 thru $699,999 11 191   $700,000 thru $749,999 2 83   $750,000 thru $799,999 4 294   $850,000 thru $899,999 1 439   $900,000 thru $949,999 2 221   $950,000 thru $999,999 1 1   $1,000,000 thru $1,249,999 1 306   $1,250,000 thru $1,499,999 2 269   $1,500,000 thru $1,749,999 2 71   $2,500,000 thru $2,749,999 1 496   $3,000,000 thru $3,249,999 1 117     274 161

Summary Price Information Minimum  $67,000 Maximum  $3,200,000 Average  $395,050 Median  $313,250

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 ©2010 Rapattoni Corporation. All rights reserved.

South Lake Tahoe Weekly Real Estate Market Statistics

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.

This past week the market heated up with Buyer activity.  To track this, 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 17.5% to 20.9%.  This was the result of the Active Listings increasing by 11 and the Pending Sales increasing by 16. 

There were 5 new sales this past week for a YTD of 48 sales.  All of the sales were below $300,000 except for a sale in Montgomery Estates for $518,000 and Tahoe Keys for $750,000.  This brought the 6 month Average Sales Price down by 2% to 392,522.

Listings per Status

Area Market Survey

Listings as of 02/11/10 at 2:55pm

Active Listing Price Range  Quantity      Average DOM   $120,000 thru $139,999 3 212   $140,000 thru $159,999 2 131   $160,000 thru $179,999 8 112   $180,000 thru $199,999 7 115   $200,000 thru $249,999 29 116   $250,000 thru $299,999 46 165   $300,000 thru $349,999 38 161   $350,000 thru $399,999 35 184   $400,000 thru $449,999 22 172   $450,000 thru $499,999 21 201   $500,000 thru $549,999 19 149   $550,000 thru $599,999 20 184   $600,000 thru $649,999 7 145   $650,000 thru $699,999 13 167   $700,000 thru $749,999 12 111   $750,000 thru $799,999 9 164   $800,000 thru $849,999 3 176   $850,000 thru $899,999 6 271   $900,000 thru $949,999 2 576   $950,000 thru $999,999 11 288   $1,000,000 thru $1,249,999 8 158   $1,250,000 thru $1,499,999 8 253   $1,500,000 thru $1,749,999 3 170   $1,750,000 thru $1,999,999 8 209   $2,000,000 thru $2,249,999 2 266   $2,250,000 thru $2,499,999 3 412   $3,250,000 thru $3,499,999 2 267   $4,250,000 thru $4,499,999 1 562   $4,500,000 thru $4,749,999 2 110   $5,000,000 thru $5,999,999 1 1310   $10,000,000 or more 1 56     352 179

Summary Price Information Minimum  $126,000 Maximum  $12,900,000 Average  $656,171 Median  $427,000

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 ©2010 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 02/11/10 at 2:55pm

Pending Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 64   $120,000 thru $139,999 2 28   $140,000 thru $159,999 1 205   $160,000 thru $179,999 3 58   $180,000 thru $199,999 7 192   $200,000 thru $249,999 6 70   $250,000 thru $299,999 16 173   $300,000 thru $349,999 14 75   $350,000 thru $399,999 6 286   $400,000 thru $449,999 1 85   $450,000 thru $499,999 10 160   $500,000 thru $549,999 5 176   $550,000 thru $599,999 3 294   $600,000 thru $649,999 5 142   $650,000 thru $699,999 3 218   $700,000 thru $749,999 2 154   $750,000 thru $799,999 1 954   $800,000 thru $849,999 1 636   $850,000 thru $899,999 2 204   $950,000 thru $999,999 1 294   $1,000,000 thru $1,249,999 2 363   $1,250,000 thru $1,499,999 1 108     93 172

Summary Price Information Minimum  $81,000 Maximum  $1,395,000 Average  $423,321 Median  $339,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $80,000 thru $89,999 3 97   $120,000 thru $139,999 6 232   $140,000 thru $159,999 8 111   $160,000 thru $179,999 6 105   $180,000 thru $199,999 13 124   $200,000 thru $249,999 48 106   $250,000 thru $299,999 51 132   $300,000 thru $349,999 31 130   $350,000 thru $399,999 27 178   $400,000 thru $449,999 16 207   $450,000 thru $499,999 15 243   $500,000 thru $549,999 10 251   $550,000 thru $599,999 14 157   $600,000 thru $649,999 9 290   $650,000 thru $699,999 11 191   $700,000 thru $749,999 2 83   $750,000 thru $799,999 5 268   $800,000 thru $849,999 1 45   $850,000 thru $899,999 1 439   $900,000 thru $949,999 2 109   $950,000 thru $999,999 1 1   $1,000,000 thru $1,249,999 1 306   $1,250,000 thru $1,499,999 2 269   $1,500,000 thru $1,749,999 2 71   $2,500,000 thru $2,749,999 1 496   $3,000,000 thru $3,249,999 1 117     288 159

Summary Price Information Minimum  $67,000 Maximum  $3,200,000 Average  $392,522 Median  $311,000

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 ©2010 Rapattoni Corporation. All rights reserved.

South Lake Tahoe Weekly Real Estate Market Statistics

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 the Buyer activity decrease.  To track this 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 20.4% to 17.5%.  This is the result of the Active Listings jumping up by 16 and the Pending Sales dropping by 12.  The percentage of Pending Sales that are Bank Owned and Short Sales is now 75% of the escrows.

This past week there were 12 new sales and the YTD total is 43 sales.  The 6 month Average Sales Price is now $400,584 which is a 1.3% decrease from last week.  The Average Days On market is 158 days.  All of the sales this past week did sell at prices below $350,000 with the exception of 2 sales at $580,000 in the Tahoe Keys and $775,000 in Montgomery Estates.

Listings per Status

 

 

South Lake Tahoe Weekly Real Estate Market Statistics

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 a slight increase in the Buyer activity.  This is evident from the Market Activity Ratio which is the relationship between the Active Listings (Inventory) and the Pending Sales (Escrows).  This is a trend that I track for current Buyer activity.  This past week we saw the Market Activity Ratio increase from 19.9% to 20.4%.  This is the result of the Active Listings decreasing by 8 and the Pending Sales increasing by 1.

This past week there were 9 new sales for a YTD total of 30.  This increased the 6 month average slightly from $405,371 to $405,958.  The average Days On Market is 158 days.  All of the sales were below $352,000 with two sales above that which occurred at $480,000 and $595,000.

Listings per Status

South Lake Tahoe Weekly Real Estate Market Statistics

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

The Market Activity Ratio was slightly up this past week even though the Pending Sales (Escrows) decreased by 2.  This is because the Active Listings (Inventory) decreased substancially by 26.  The Market Activity Ratio is the relationship between Active Listings and Pending Sales.  We are seeing the Inventory decrease in the price brackets above $450,000.  The lower price brackets are still being impacted by the supply of the foreclosed homes and remaining steady. 

The number of completed transactions or Sales this past week is up by 12 for a YTD of 373.  Most of the Sales occurred below $420,000 with the exception of a lake front sale for $2,550,000.  This brought the Average Sales Price up by 1% to $385,546 but the Median Sales Price remained the same at $310,000.  The Average Days On Market for Solds is 163 days.

Listings per Status

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