South Lake Tahoe Weekly Real Estate Market Update 10/5/11

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 high end buyers are showing their green for lake front properties and there is still plenty of green at the bottom end of the market but the middle is still struggling.  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 22.7% to 23.1%.  This is the result of the Active listings decreasing by 27 as the Pending sales decreased by 5.  The distress (bank owned foreclosure and short sales) sales continue to impact the market which represents 22.7% of the active inventory and 57.4% of the pending sales.

This past week there were 7 new sales for a YTD of 420.  The sales ranged from $178,000 to 4,200,000.  There were 4 high end sales which were on Cascade Ct for $815,000, Lake Tahoe Blvd for $1,200,000, Lighthouse Shores for $3,700,00 and Stateline Ave for $4,200,000.  These sales had a huge impact on the 6 month average sales price by raising it by 8.3% to $356,959.  The average days on market are 152 days. 

Listings per Status

Area Market Survey Listings as of 10/05/11 at 9:19am   Active Listing Price Range Quantity Average DOM   $60,000 thru $69,999 1 19   $80,000 thru $89,999 1 201   $100,000 thru $119,999 5 117   $120,000 thru $139,999 14 141   $140,000 thru $159,999 12 108   $160,000 thru $179,999 21 107   $180,000 thru $199,999 24 175   $200,000 thru $249,999 48 215   $250,000 thru $299,999 38 158   $300,000 thru $349,999 34 172   $350,000 thru $399,999 35 101   $400,000 thru $449,999 20 219   $450,000 thru $499,999 36 169   $500,000 thru $549,999 12 145   $550,000 thru $599,999 14 176   $600,000 thru $649,999 14 205   $650,000 thru $699,999 17 91   $700,000 thru $749,999 5 185   $750,000 thru $799,999 7 191   $800,000 thru $849,999 4 310   $850,000 thru $899,999 4 126   $900,000 thru $949,999 2 93   $950,000 thru $999,999 4 428   $1,000,000 thru $1,249,999 1 435   $1,250,000 thru $1,499,999 10 125   $1,500,000 thru $1,749,999 7 259   $1,750,000 thru $1,999,999 2 397   $2,000,000 thru $2,249,999 4 377   $2,250,000 thru $2,499,999 1 573   $2,500,000 thru $2,749,999 2 573   $3,250,000 thru $3,499,999 2 42   $3,750,000 thru $3,999,999 1 8   $4,250,000 thru $4,499,999 2 294   $10,000,000 or more 1 657     405 173     Summary Price Information Minimum $65,000 Maximum $12,900,000 Average $543,508 Median $369,000   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 10/05/11 at 9:19am   Pending Listing Price Range Quantity Average DOM   $40,000 thru $49,999 1 244   $70,000 thru $79,999 1 27   $80,000 thru $89,999 1 109   $90,000 thru $99,999 2 151   $100,000 thru $119,999 4 86   $120,000 thru $139,999 5 100   $140,000 thru $159,999 8 148   $160,000 thru $179,999 12 106   $180,000 thru $199,999 12 140   $200,000 thru $249,999 22 133   $250,000 thru $299,999 14 168   $300,000 thru $349,999 12 95   $350,000 thru $399,999 6 183   $400,000 thru $449,999 7 91   $450,000 thru $499,999 7 160   $500,000 thru $549,999 1 118   $550,000 thru $599,999 2 252   $600,000 thru $649,999 1 204   $650,000 thru $699,999 1 131   $800,000 thru $849,999 1 74   $1,500,000 thru $1,749,999 1 1066   $3,500,000 thru $3,749,999 1 243     122 141     Summary Price Information Minimum $45,000 Maximum $3,595,000 Average $308,571 Median $238,250   Sold Selling Price Range Quantity Average DOM   $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 7 111   $100,000 thru $119,999 5 159   $120,000 thru $139,999 9 113   $140,000 thru $159,999 17 188   $160,000 thru $179,999 23 103   $180,000 thru $199,999 20 161   $200,000 thru $249,999 48 134   $250,000 thru $299,999 30 165   $300,000 thru $349,999 30 151   $350,000 thru $399,999 17 97   $400,000 thru $449,999 15 169   $450,000 thru $499,999 10 161   $500,000 thru $549,999 12 124   $550,000 thru $599,999 11 227   $600,000 thru $649,999 6 224   $650,000 thru $699,999 1 119   $700,000 thru $749,999 4 165   $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 2 583   $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     288 152     Summary Price Information Minimum $65,000 Maximum $4,200,000 Average $356,959 Median $260,750   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

Weekly Real Estate Statistics For South Lake Tahoe

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 New Year is bringing a flurry of buyers.  To track 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 decrease from 19.5% to 18.1%.  This is the result of the Active listings increasing by 6 as the Pending sales decreased by 6. The distress properties active on the market increased from 23.7% to 25% and the pending sales increased from 56% to 59%.

This past week there were 8 new sales for a YTD total of 12 Sales.  All of the sales were below $365,000 with one sale on Keller Rd for $645,000.  This decreased the 6 month average sales price by .8% to $368,079.  The average days on market are 147 days. 

Area Market Survey

Listings as of 01/14/11 at 8:20am

 

Active Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 2 52   $100,000 thru $119,999 1 634   $120,000 thru $139,999 7 102   $140,000 thru $159,999 8 174   $160,000 thru $179,999 17 211   $180,000 thru $199,999 26 139   $200,000 thru $249,999 42 216   $250,000 thru $299,999 47 213   $300,000 thru $349,999 29 158   $350,000 thru $399,999 27 254   $400,000 thru $449,999 16 146   $450,000 thru $499,999 21 177   $500,000 thru $549,999 10 126   $550,000 thru $599,999 18 189   $600,000 thru $649,999 13 114   $650,000 thru $699,999 7 312   $700,000 thru $749,999 4 299   $750,000 thru $799,999 5 356   $800,000 thru $849,999 5 275   $850,000 thru $899,999 4 122   $950,000 thru $999,999 7 363   $1,000,000 thru $1,249,999 6 310   $1,250,000 thru $1,499,999 6 191   $1,500,000 thru $1,749,999 4 534   $1,750,000 thru $1,999,999 5 418   $2,000,000 thru $2,249,999 3 295   $2,250,000 thru $2,499,999 2 188   $2,500,000 thru $2,749,999 2 309   $3,250,000 thru $3,499,999 1 210   $3,500,000 thru $3,749,999 1 262   $3,750,000 thru $3,999,999 1 299   $4,000,000 thru $4,249,999 1 403   $4,250,000 thru $4,499,999 2 30   $4,750,000 thru $4,999,999 1 1647   $10,000,000 or more 1 393     352 212

Summary Price Information Minimum  $94,900 Maximum  $12,900,000 Average  $595,710 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 01/14/11 at 8:20am

 

Pending Listing Price Range  Quantity      Average DOM   $120,000 thru $139,999 4 97   $140,000 thru $159,999 2 20   $160,000 thru $179,999 4 136   $180,000 thru $199,999 3 234   $200,000 thru $249,999 14 157   $250,000 thru $299,999 14 190   $300,000 thru $349,999 7 152   $350,000 thru $399,999 3 80   $400,000 thru $449,999 3 251   $450,000 thru $499,999 8 233   $500,000 thru $549,999 2 153   $550,000 thru $599,999 6 225   $600,000 thru $649,999 1 339   $650,000 thru $699,999 1 92   $700,000 thru $749,999 1 277   $750,000 thru $799,999 2 439   $900,000 thru $949,999 1 183   $950,000 thru $999,999 2 336     78 187

Summary Price Information Minimum  $124,000 Maximum  $995,000 Average  $369,753 Median  $296,750

 

Sold Selling Price Range  Quantity      Average DOM   $50,000 thru $59,999 1 79   $60,000 thru $69,999 1 67   $80,000 thru $89,999 4 201   $90,000 thru $99,999 1 245   $100,000 thru $119,999 3 123   $120,000 thru $139,999 9 121   $140,000 thru $159,999 15 145   $160,000 thru $179,999 11 117   $180,000 thru $199,999 12 71   $200,000 thru $249,999 47 120   $250,000 thru $299,999 45 135   $300,000 thru $349,999 34 136   $350,000 thru $399,999 23 167   $400,000 thru $449,999 13 131   $450,000 thru $499,999 16 121   $500,000 thru $549,999 13 134   $550,000 thru $599,999 13 227   $600,000 thru $649,999 16 147   $650,000 thru $699,999 4 370   $700,000 thru $749,999 6 206   $750,000 thru $799,999 2 111   $800,000 thru $849,999 2 732   $900,000 thru $949,999 1 89   $950,000 thru $999,999 1 167   $1,000,000 thru $1,249,999 3 95   $1,500,000 thru $1,749,999 1 195   $3,500,000 thru $3,749,999 1 771     298 147

Summary Price Information Minimum  $58,000 Maximum  $3,575,000 Average  $365,007 Median  $298,750

 

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 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 continues to remain consistent.  The Market Activity Ratio is the relationship between the Active Listings (Inventory) and Pending Sales (Escrows) which helps me to track the current trend of Buyer activity.  This past week we saw a slight increase from 19.5% to 19.9%.  This is the result to the Active Listings increasing by 5 and Pending Sales increasing by 3.

This past week we saw 9 new sales for a YTD of 21 Sales which gives us a 6 month Average Sales Price of $405,371 and the Average Days On Market for these sales is 161 days.  Most of the Sales prices were below $387,500 with 3 sales above that for $410,000, $480,000 and $850,000.  The highest priced sale was located in the Tahoe Keys on Alpine Dr.

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 is a trend that I track which is the relationship between Active Listings and Pending Sales.  This past week it increased from 19.3% to 20.2% which is the result of Active Listings decreasing by 4 and the Pending Sales increasing by 5.  There were 12 new sales for a YTD of 385 which brought up the Median Sales price to $314,000 and the Average Sales price to $389,695.  The Median and Average Sales prices increased by 1.3% and 1.1% respectively.  This was influenced by 4 sales above $500,000 with sales prices of $599K, $630K, $685K, $1.6 million.  The Average Days on Market for Sales is 164 days. 

Listings per Status

Area Market Survey

Listings as of 11/11/09 at 5:49pm

Active Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 12   $90,000 thru $99,999 1 15   $100,000 thru $119,999 1 127   $120,000 thru $139,999 4 124   $140,000 thru $159,999 2 88   $160,000 thru $179,999 5 165   $180,000 thru $199,999 9 201   $200,000 thru $249,999 29 96   $250,000 thru $299,999 42 163   $300,000 thru $349,999 55 143   $350,000 thru $399,999 45 178   $400,000 thru $449,999 18 189   $450,000 thru $499,999 24 200   $500,000 thru $549,999 17 264   $550,000 thru $599,999 33 226   $600,000 thru $649,999 7 255   $650,000 thru $699,999 15 268   $700,000 thru $749,999 5 221   $750,000 thru $799,999 12 130   $800,000 thru $849,999 8 259   $850,000 thru $899,999 9 316   $900,000 thru $949,999 3 434   $950,000 thru $999,999 12 178   $1,000,000 thru $1,249,999 9 371   $1,250,000 thru $1,499,999 16 261   $1,500,000 thru $1,749,999 3 159   $1,750,000 thru $1,999,999 6 351   $2,000,000 thru $2,249,999 3 325   $2,250,000 thru $2,499,999 5 343   $3,250,000 thru $3,499,999 2 175   $3,750,000 thru $3,999,999 1 68   $4,250,000 thru $4,499,999 1 470   $4,500,000 thru $4,749,999 2 195   $5,000,000 thru $5,999,999 1 1218     406 200

Summary Price Information Minimum  $81,900 Maximum  $5,950,000 Average  $639,294 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 ©2009 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 11/11/09 at 5:49pm

Pending Listing Price Range  Quantity      Average DOM   $100,000 thru $119,999 1 123   $120,000 thru $139,999 2 70   $140,000 thru $159,999 1 113   $160,000 thru $179,999 3 100   $180,000 thru $199,999 7 186   $200,000 thru $249,999 14 109   $250,000 thru $299,999 13 144   $300,000 thru $349,999 10 93   $350,000 thru $399,999 10 207   $400,000 thru $449,999 7 356   $450,000 thru $499,999 6 196   $500,000 thru $549,999 5 223   $550,000 thru $599,999 5 165   $600,000 thru $649,999 3 217   $650,000 thru $699,999 6 178   $700,000 thru $749,999 3 214   $750,000 thru $799,999 3 82   $850,000 thru $899,999 1 258   $1,250,000 thru $1,499,999 1 285   $1,500,000 thru $1,749,999 1 307   $1,750,000 thru $1,999,999 1 114     103 170

Summary Price Information Minimum  $112,900 Maximum  $1,988,000 Average  $429,008 Median  $354,900

Sold Selling Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 78   $120,000 thru $139,999 4 157   $140,000 thru $159,999 7 86   $160,000 thru $179,999 12 128   $180,000 thru $199,999 15 140   $200,000 thru $249,999 53 142   $250,000 thru $299,999 77 147   $300,000 thru $349,999 54 147   $350,000 thru $399,999 36 174   $400,000 thru $449,999 24 143   $450,000 thru $499,999 23 222   $500,000 thru $549,999 18 262   $550,000 thru $599,999 15 187   $600,000 thru $649,999 11 214   $650,000 thru $699,999 7 168   $700,000 thru $749,999 5 129   $750,000 thru $799,999 5 185   $800,000 thru $849,999 5 213   $850,000 thru $899,999 1 425   $900,000 thru $949,999 5 235   $1,000,000 thru $1,249,999 1 213   $1,250,000 thru $1,499,999 2 228   $1,500,000 thru $1,749,999 2 78   $2,500,000 thru $2,749,999 1 496   $2,750,000 thru $2,999,999 1 130     385 164

Summary Price Information Minimum  $85,000 Maximum  $2,850,000 Average  $389,695 Median  $314,000

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 ©2009 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

The Market Activity Ratio which is the relationship between Active Listings (inventory) and Pending Sales (escrows) has slightly dropped this past week from 19.4% to 18.8%.  This is the result of the Active Listings remaining the same and Pending Sales decreasing by 9.  The number of completed transactions or Sales has increased by 9 for a YTD of 335.  This gives us a Median Sales Price of $315,000, Average Sales Price of $386,498 and Average Days On Market of 163.  The Median Sales Price remains unchanged and the Average Sales Price did increase by .4%.  This is the result of the 9 sales this past week in which 5 were above the $500,000 mark in the amounts of $567k, $654k, $667k, $689k, $750k.  It’s encouraging to see more activity in this price bracket.

Listings per Status

Area Market Survey

Listings as of 10/15/09 at 9:55am

Active Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 76   $100,000 thru $119,999 1 258   $120,000 thru $139,999 3 96   $140,000 thru $159,999 2 123   $160,000 thru $179,999 5 98   $180,000 thru $199,999 12 244   $200,000 thru $249,999 32 127   $250,000 thru $299,999 49 159   $300,000 thru $349,999 54 129   $350,000 thru $399,999 54 153   $400,000 thru $449,999 23 196   $450,000 thru $499,999 30 169   $500,000 thru $549,999 23 202   $550,000 thru $599,999 31 218   $600,000 thru $649,999 11 102   $650,000 thru $699,999 24 253   $700,000 thru $749,999 7 215   $750,000 thru $799,999 10 166   $800,000 thru $849,999 9 219   $850,000 thru $899,999 6 211   $900,000 thru $949,999 3 407   $950,000 thru $999,999 16 284   $1,000,000 thru $1,249,999 10 340   $1,250,000 thru $1,499,999 16 273   $1,500,000 thru $1,749,999 6 217   $1,750,000 thru $1,999,999 5 393   $2,000,000 thru $2,249,999 3 298   $2,250,000 thru $2,499,999 6 314   $2,750,000 thru $2,999,999 1 105   $3,250,000 thru $3,499,999 3 178   $3,750,000 thru $3,999,999 1 41   $4,250,000 thru $4,499,999 1 443   $4,500,000 thru $4,749,999 2 168   $5,000,000 thru $5,999,999 1 1191     461 191

Summary Price Information Minimum  $89,900 Maximum  $5,950,000 Average  $643,335 Median  $445,000

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 ©2009 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 10/15/09 at 9:55am

Pending Listing Price Range  Quantity      Average DOM   $100,000 thru $119,999 2 93   $120,000 thru $139,999 1 55   $140,000 thru $159,999 2 195   $160,000 thru $179,999 2 106   $180,000 thru $199,999 4 85   $200,000 thru $249,999 12 106   $250,000 thru $299,999 19 131   $300,000 thru $349,999 14 212   $350,000 thru $399,999 9 226   $400,000 thru $449,999 6 272   $450,000 thru $499,999 9 241   $500,000 thru $549,999 5 201   $550,000 thru $599,999 8 228   $600,000 thru $649,999 2 264   $650,000 thru $699,999 2 191   $700,000 thru $749,999 4 189   $750,000 thru $799,999 2 85   $1,250,000 thru $1,499,999 1 260   $1,750,000 thru $1,999,999 2 104   $3,250,000 thru $3,499,999 1 482     107 181

Summary Price Information Minimum  $105,000 Maximum  $3,275,000 Average  $446,607 Median  $349,000

Sold Selling Price Range  Quantity      Average DOM   $120,000 thru $139,999 4 157   $140,000 thru $159,999 7 86   $160,000 thru $179,999 12 128   $180,000 thru $199,999 14 139   $200,000 thru $249,999 46 147   $250,000 thru $299,999 64 142   $300,000 thru $349,999 47 141   $350,000 thru $399,999 30 183   $400,000 thru $449,999 18 151   $450,000 thru $499,999 21 195   $500,000 thru $549,999 16 267   $550,000 thru $599,999 14 191   $600,000 thru $649,999 10 227   $650,000 thru $699,999 6 166   $700,000 thru $749,999 5 129   $750,000 thru $799,999 5 185   $800,000 thru $849,999 5 213   $850,000 thru $899,999 1 425   $900,000 thru $949,999 5 235   $1,000,000 thru $1,249,999 1 213   $1,250,000 thru $1,499,999 2 228   $1,500,000 thru $1,749,999 1 14   $2,750,000 thru $2,999,999 1 130     335 163

Summary Price Information Minimum  $120,000 Maximum  $2,850,000 Average  $386,498 Median  $315,000

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 ©2009 Rapattoni Corporation. All rights reserved.

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