South Lake Tahoe CA Weekly Market Update
September 2, 2009
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.
| Listings per Status | |
The California South Lake Tahoe market continues to increase in activity for the second consequetive week. The Market Activity Ratio went from 17.6% to 19.7% this past week. The Market Activity Ratio is the relationship between Active Listings and Pending Sales and the Active Listings are down by 88 and the Pending sales are down by 5 this past week. The number of completed transactions or sales is up by 12 for a YTD total of 163 with a Median Sales Price of $319,000, Average Sales Price of $394,253 and Average Days On Market of 163. This represents an increase in the Median and Average Sales Price by 1.3% and 1.7% respectively which makes up for the downturn from the previous week. The Market Activity Ratio spiked due to a huge drop in Active Listings inventory. It’s typical for inventory to drop as we get closer to winter but this is a large drop in just one week.
Area Market Survey
|
| Listings as of 09/02/09 at 3:18pm |
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 ©2009 Rapattoni Corporation. All rights reserved. |
Area Market Survey
|
| Listings as of 09/02/09 at 3:18pm |
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 ©2009 Rapattoni Corporation. All rights reserved. |
CA Weekly Market Update
August 25, 2009
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 Market Activity Ratio jump to 17.6% from 16.9%. This is the relationship between Active Listings and Pending Sales which is down by 3 and up by 5 respectively. The number of closed transactions or Sales has increased by 9 this past week for a YTD total of 251 with the Median Sales price at $315,000, Average Sales price at $387,378 and the Average Days on Market at 165. This Median and the Average is down by 1.1% and .9% respectively which has erased the previous weeks gain. Most of the activity is still occurring in the price bracket between $200,000 and $350,000. The inventory is barely keeping pace with replacement of these sales.
| Listings per Status | |
Area Market Survey
|
| Listings as of 08/25/09 at 9:10pm |
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 ©2009 Rapattoni Corporation. All rights reserved. |
Area Market Survey
|
| Listings as of 08/25/09 at 9:10pm |
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 ©2009 Rapattoni Corporation. All rights reserved. |
CA Weekly Market Update
August 18, 2009
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 continues to remain stable this past week with the Market Activity Ratio up by .2%. The Market Activity Ratio is the relationship between the Active Listings and Pending Sales. The Active Listings is down by 1, Pending Sales is up by 1 for a ratio of 16.9%. The completed transactions or Sales is up by 10 for a YTD of 242 with the Median Sales Price at $318,500, Average Sales Price at $390,773 and Average Days On Market is 165. The Median Sales Price and Average Sales Price is up by .2% and .4% respectively. Overall sales remain strong in the price bracket of $200,000 to $400,000. The inventory continues to keep pace with the sales which seems to show signs of stability.
| Listings per Status | |
Area Market Survey
|
| Listings as of 08/18/09 at 10:03pm |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 ©2009 Rapattoni Corporation. All rights reserved. |
Area Market Survey
|
| Listings as of 08/18/09 at 10:03pm |
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 ©2009 Rapattoni Corporation. All rights reserved. |
CA Weekly Market Report
July 14, 2009
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 only. 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 between Active and Pending listings is indicating a downward movement from 17.2% to 15.9% since last week. This is the result of Active Listings inventory increasing by 15 and Pending Sales decreasing by 5 in the past week. Completed transactions or Sales in the past week increased by 10 for a YTD of 180 with a Median Sales Price of $319,500 and an Average Sales Price of $386,074 and Average Days On Market of 180 days. The variance of the Median and Average Sales is down .5% and up 2.3% respectively. This was impacted by 7 out of 10 sales occurring above $400,000 with the highest sale at $870,000. The market is showing life above the $400K. What is interesting is that the sales prices are an average of 4.8% below list price with 1 sale selling at 8% below list price. Could the higher end market be softening prices to draw in the buyers?
| Listings per Status | |
Area Market Survey
|
| Listings as of 07/14/09 at 9:08pm |
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 ©2009 Rapattoni Corporation. All rights reserved. |
Area Market Survey
|
| Listings as of 07/14/09 at 9:08pm |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 ©2009 Rapattoni Corporation. All rights reserved. |

