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.
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Area Market Survey |
| Listings as of 11/04/11 at 9:26am |
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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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045 |
Area Market Survey |
| Listings as of 11/04/11 at 9:26am |
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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.
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.
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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.
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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.
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Area Market Survey |
| Listings as of 08/19/11 at 8:05am |
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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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045 |
Area Market Survey |
| Listings as of 08/19/11 at 8:05am |
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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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045 |


