Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore 8/12/11

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.

There is a spike in Buyer activity this past week.  To measure the most buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the market activity did increase from 8.7% to 10%.  This is the result of the Active listings decreasing by 1 as the Pending sales increased by 3.  The distress sales (short sales and bank owned properties) represent 10.6% of the Active inventory and 34.8% of the Pending sales.

There were 2 new sales this past week for a YTD of 72 sales.  These sales were on Cypress Way for $285,000 and Cheyenne for $309,879.  This increased the 6 month average sales price by .7% to $1,263,647.  The average days on market are 234 days.

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.

South Lake Tahoe Weekly Real Estate Market Update 7/28/11

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.

Homes are still selling at a steady pace and the inventory continues to rise.  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 dipped from 17.6% to 16.6%.  This is the result of the Active listings increasing by 13 as the Pending sales decreased by 4.  The distress sales (short sales and foreclosures) currently represent 18% of the Active inventory and 57.9% of the Pending sales.  Despite the rise in inventory, it is below inventory levels from last year at this time by 8.3%.

There were 11 new sales this past week for a YTD of 304 sales. These sales ranged from $90,000 to $750,000. Most of the sales were below $365,000 with the exception of two which were on Clement St for $399,000 and Tahoe Keys Blvd. for $750,000. This decreased the 6 month average sales price by 1.3% to $342,535. The average days on market are 168 days. The number of units sold compared to last year at this time is up by 2.4%.

South Lake Tahoe Real Estate Market Update For 1/7/11

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 Holidays brought out the buyers for the Tahoe real estate market.  To measure the most recent buyer activity, I use the Market Activity Ratio which is the relationship between Active listing inventory and Pending sales.  Since the last report before the holidays the Market Activity Ratio slightly increased from 19.1% to 19.5%.  This is the result of the Active listings decreasing by 48 as the Pending sales decreased by 9.  As we all know the distress sales continue to impact our market with 23.7% of the inventory comprised of bank owned and short sales which is up from 21.3%.  In Pending sales the bank owned and short sales comprise 56% which is down from 63.4%. 

There were 22 new sales since the holidays for a YTD total of 562 sales.  Most of these sales were below $435,000, 3 sales were at $500,000 and 4 sales occurred above that for $528,000, $601,000, $605,000, and $732,500.  This did result in the 6 month average sales price to decrease by 1.2%.  The average days on market are 148 days.  Overall, 2010 was a stronger year than 2009 with more units sold which was up by 16.6%.  Of these sales, bank owned sales represented 30.8% and short sales represented 16.5%.

Listings per Status

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