South Lake Tahoe Weekly Real Estate Market Update 1/27/12

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 market is still buzzing and inventory is low.  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 decreased from 29.5% to 27%.  This is the result of Active listings increasing by 8 as the Pending sales decreased by 10.  The distress sales (Short sales and Bank Owned Foreclosures) continue to impact the market as it now represents 22.1% of the Active inventory and 79.4% of the Pending sales. 

This past week there were 13 new sales for a YTD total of 32 sales.  These sales ranged from a low of $58,000 to a high of $815,000.  Most of the sales were below 265,000 with 3 sales above that which were on Skyline for $350,000, Timber Ln for $445,000 and Mackedie for $815,000.  This increased the 6 month average sales price by 20% to $330,294.  The average days on market are 150 days.

 

Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 1/20/12

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 has been a small surge in sales this past week.  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 12.7% to 14.9%.  This is the result of the active listings decreasing by 2 as the pending sales increased by 4.  The distress sales (short sales and bank owned foreclosures)  continue to impact the market as it now represents 15.4% of the available inventory and 76% of the pending sales.

This past week there was 1 new sale for a YTD total of 4 sales.  This sale was on top of Kingsbury Grade on Andria for $285,000.  This decreased the 6 month average sales price by 7.3% to $735,715.  The average days on market are 203 days.

South Lake Tahoe Weekly Real Estate Market Update 1/19/12

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.

It’s the perfect storm without the snow!  Interest rates remain low, prices are low and the lack of snow is allowing easy traveling for buyers to Tahoe.  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 slightly from 29.1% to 29.5%.  This is the result of the Active listings decreasing by 3 as the Pending sales increased by 1.  The distress sales (Short Sales and Bank Owned Foreclosures) continue to impact our market as it now represents 21.6% of the Active inventory and 73.2% of the pending sales.

This past week there were 8 new sales for a YTD total of 19 sales.  These sales ranged from $$125,000 to $815,000.  Most of the sales were below $169,000 with two sales above that.  These sales were on Inverness Dr which sold for $317,000 and Mackedie Way which sold for $815,000.  The 6 month average sale price slightly had increased by .1% to $334,182.  The average days on market are 151 days.

Listings per Status

Area Market Survey Listings as of 01/19/12 at 8:28pm   Active Listing Price Range Quantity Average DOM   $40,000 thru $49,999 1 8   $50,000 thru $59,999 1 83   $90,000 thru $99,999 2 98   $100,000 thru $119,999 4 193   $120,000 thru $139,999 7 142   $140,000 thru $159,999 10 114   $160,000 thru $179,999 16 175   $180,000 thru $199,999 13 133   $200,000 thru $249,999 29 185   $250,000 thru $299,999 23 238   $300,000 thru $349,999 24 122   $350,000 thru $399,999 25 100   $400,000 thru $449,999 12 266   $450,000 thru $499,999 25 202   $500,000 thru $549,999 7 187   $550,000 thru $599,999 12 277   $600,000 thru $649,999 3 75   $650,000 thru $699,999 10 132   $700,000 thru $749,999 2 235   $750,000 thru $799,999 3 226   $800,000 thru $849,999 2 356   $850,000 thru $899,999 6 160   $900,000 thru $949,999 3 258   $950,000 thru $999,999 3 465   $1,250,000 thru $1,499,999 11 189   $1,500,000 thru $1,749,999 3 362   $1,750,000 thru $1,999,999 2 503   $2,000,000 thru $2,249,999 2 659   $2,250,000 thru $2,499,999 1 659   $2,500,000 thru $2,749,999 2 659   $3,250,000 thru $3,499,999 1 113   $3,500,000 thru $3,749,999 1 349   $4,250,000 thru $4,499,999 1 376   $10,000,000 or more 1 743     268 196     Summary Price Information Minimum $49,900 Maximum $12,900,000 Average $567,152 Median $369,500   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 01/19/12 at 8:28pm   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 125   $70,000 thru $79,999 2 136   $80,000 thru $89,999 2 124   $100,000 thru $119,999 7 91   $120,000 thru $139,999 6 158   $140,000 thru $159,999 10 163   $160,000 thru $179,999 9 149   $180,000 thru $199,999 7 165   $200,000 thru $249,999 21 133   $250,000 thru $299,999 12 94   $300,000 thru $349,999 4 272   $350,000 thru $399,999 16 108   $400,000 thru $449,999 2 141   $450,000 thru $499,999 5 206   $500,000 thru $549,999 2 47   $550,000 thru $599,999 3 172   $600,000 thru $649,999 1 514   $1,000,000 thru $1,249,999 2 76     112 140     Summary Price Information Minimum $55,000 Maximum $1,099,000 Average $274,971 Median $233,700   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 6 113   $100,000 thru $119,999 8 143   $120,000 thru $139,999 19 128   $140,000 thru $159,999 21 125   $160,000 thru $179,999 31 108   $180,000 thru $199,999 24 130   $200,000 thru $249,999 57 155   $250,000 thru $299,999 28 155   $300,000 thru $349,999 30 129   $350,000 thru $399,999 16 177   $400,000 thru $449,999 15 203   $450,000 thru $499,999 15 176   $500,000 thru $549,999 12 134   $550,000 thru $599,999 5 197   $600,000 thru $649,999 9 268   $650,000 thru $699,999 2 211   $700,000 thru $749,999 5 171   $750,000 thru $799,999 4 150   $800,000 thru $849,999 2 163   $900,000 thru $949,999 2 265   $950,000 thru $999,999 1 199   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 291   $2,500,000 thru $2,749,999 1 403   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     322 151     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $334,182 Median $235,000   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

South Lake Tahoe Weekly Real Estate Market Update for 1/13/12

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 South Lake Tahoe market has not slowed down from the fourth quarter last year!  Could this be a sign the our market is turning a corner?  To measure that most current buyer activity, I use the Marke Activity Ratio which is the relationship between the Active listings and Pending sales.  This past week the Market Activity Ratio increased dramatically from 23.2% to 29.1%.  This is the result of the Active listings decreasing by 21 as the Pending sales increased by 21.  The Active inventory is at it’s lowest level since the market bust.  The distress sales (Bank Owned Foreclosures and Short Sales) continues to impact our market and it now represents 22.9% of the Active listings and 73% of the Pending sales.

There were 10 new sales this past week for a YTD of 11.  These sales ranged from a low of $95,000 to a high of $588,000.  Most of the sales were below $279,000 with two sales above that which were on Saddle Rd for $375,000 and Marconi Way for $588,000.  This decreased the 6 month average sales price by .2% to $333,975.  The average days on market are 149 days. 

Listings per Status

Area Market Survey Listings as of 01/13/12 at 8:21am   Active Listing Price Range Quantity Average DOM   $40,000 thru $49,999 1 2   $50,000 thru $59,999 1 77   $90,000 thru $99,999 2 92   $100,000 thru $119,999 5 161   $120,000 thru $139,999 6 159   $140,000 thru $159,999 10 109   $160,000 thru $179,999 15 183   $180,000 thru $199,999 14 114   $200,000 thru $249,999 32 193   $250,000 thru $299,999 24 228   $300,000 thru $349,999 22 133   $350,000 thru $399,999 26 94   $400,000 thru $449,999 12 260   $450,000 thru $499,999 26 199   $500,000 thru $549,999 7 187   $550,000 thru $599,999 12 271   $600,000 thru $649,999 2 105   $650,000 thru $699,999 9 140   $700,000 thru $749,999 2 229   $750,000 thru $799,999 3 220   $800,000 thru $849,999 2 350   $850,000 thru $899,999 6 154   $900,000 thru $949,999 3 252   $950,000 thru $999,999 3 459   $1,250,000 thru $1,499,999 11 183   $1,500,000 thru $1,749,999 3 356   $1,750,000 thru $1,999,999 2 497   $2,000,000 thru $2,249,999 2 653   $2,250,000 thru $2,499,999 1 653   $2,500,000 thru $2,749,999 2 653   $3,250,000 thru $3,499,999 1 107   $3,500,000 thru $3,749,999 1 343   $3,750,000 thru $3,999,999 1 108   $4,250,000 thru $4,499,999 1 370   $10,000,000 or more 1 737     271 194     Summary Price Information Minimum $49,900 Maximum $12,900,000 Average $574,914 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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 01/13/12 at 8:21am   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 119   $70,000 thru $79,999 2 130   $80,000 thru $89,999 2 118   $100,000 thru $119,999 7 85   $120,000 thru $139,999 6 152   $140,000 thru $159,999 10 158   $160,000 thru $179,999 13 136   $180,000 thru $199,999 7 159   $200,000 thru $249,999 18 137   $250,000 thru $299,999 11 92   $300,000 thru $349,999 6 239   $350,000 thru $399,999 14 108   $400,000 thru $449,999 2 135   $450,000 thru $499,999 4 192   $500,000 thru $549,999 1 45   $550,000 thru $599,999 3 166   $600,000 thru $649,999 1 508   $800,000 thru $849,999 1 155   $1,000,000 thru $1,249,999 2 70     111 139     Summary Price Information Minimum $55,000 Maximum $1,099,000 Average $272,532 Median $225,000   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 7 105   $100,000 thru $119,999 8 143   $120,000 thru $139,999 18 126   $140,000 thru $159,999 18 126   $160,000 thru $179,999 31 108   $180,000 thru $199,999 24 130   $200,000 thru $249,999 59 152   $250,000 thru $299,999 29 160   $300,000 thru $349,999 29 112   $350,000 thru $399,999 16 177   $400,000 thru $449,999 17 193   $450,000 thru $499,999 15 176   $500,000 thru $549,999 12 134   $550,000 thru $599,999 5 197   $600,000 thru $649,999 9 268   $650,000 thru $699,999 2 211   $700,000 thru $749,999 5 171   $750,000 thru $799,999 4 150   $800,000 thru $849,999 1 165   $900,000 thru $949,999 2 265   $950,000 thru $999,999 1 199   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 291   $2,500,000 thru $2,749,999 1 403   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     322 149     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $333,975 Median $236,000   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

South Lake Tahoe Weekly Real Estate Market Update 1/6/12

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.

We begin a New Year with a market that continues to move forward.  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 decreased from 23.9% to 23.2%.  This is the result of the Active listings decreasing by 8 as the Pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it now represents 26.4% of the active inventory and 75.6% of the pending sales.

There were 13 new sales this past week.  After a great year for the number of units sold in 2011, we now begin the new year with 3 sales YTD.  The sales this past week ranged from $114,900 to $2,650,000.  Most of the sales were below $330,000 with 3 sales above that.  There was a sale on Julie Ln for $475,000, Emerald Dr for $719,000 and a lake front on Lighthouse Shores for $2,650,000.  The lake front sale increased the 6 month average sales price by 1.4% to $334,537.  The average days on market for home sales are 150 days.

Listings per Status

Area Market Survey Listings as of 01/06/12 at 8:38am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 70   $70,000 thru $79,999 1 73   $90,000 thru $99,999 3 103   $100,000 thru $119,999 7 136   $120,000 thru $139,999 6 164   $140,000 thru $159,999 13 139   $160,000 thru $179,999 16 192   $180,000 thru $199,999 13 134   $200,000 thru $249,999 40 177   $250,000 thru $299,999 26 190   $300,000 thru $349,999 23 139   $350,000 thru $399,999 27 93   $400,000 thru $449,999 11 219   $450,000 thru $499,999 28 185   $500,000 thru $549,999 7 180   $550,000 thru $599,999 13 258   $600,000 thru $649,999 2 98   $650,000 thru $699,999 9 143   $700,000 thru $749,999 3 177   $750,000 thru $799,999 3 213   $800,000 thru $849,999 2 343   $850,000 thru $899,999 5 177   $900,000 thru $949,999 3 245   $950,000 thru $999,999 3 452   $1,000,000 thru $1,249,999 1 69   $1,250,000 thru $1,499,999 11 176   $1,500,000 thru $1,749,999 3 349   $1,750,000 thru $1,999,999 2 490   $2,000,000 thru $2,249,999 2 646   $2,250,000 thru $2,499,999 1 646   $2,500,000 thru $2,749,999 2 646   $3,250,000 thru $3,499,999 1 100   $3,500,000 thru $3,749,999 1 336   $3,750,000 thru $3,999,999 1 101   $4,250,000 thru $4,499,999 1 363   $10,000,000 or more 1 730     292 185     Summary Price Information Minimum $59,000 Maximum $12,900,000 Average $554,052 Median $346,750   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045   Area Market Survey Listings as of 01/06/12 at 8:38am   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 112   $80,000 thru $89,999 1 64   $90,000 thru $99,999 1 204   $100,000 thru $119,999 6 88   $120,000 thru $139,999 5 139   $140,000 thru $159,999 8 119   $160,000 thru $179,999 12 131   $180,000 thru $199,999 7 111   $200,000 thru $249,999 11 81   $250,000 thru $299,999 11 120   $300,000 thru $349,999 4 289   $350,000 thru $399,999 10 113   $400,000 thru $449,999 2 128   $450,000 thru $499,999 3 238   $500,000 thru $549,999 1 38   $550,000 thru $599,999 3 159   $600,000 thru $649,999 2 301   $800,000 thru $849,999 1 148   $1,000,000 thru $1,249,999 1 57     90 130     Summary Price Information Minimum $55,000 Maximum $1,050,000 Average $275,142 Median $219,000   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $70,000 thru $79,999 2 100   $80,000 thru $89,999 1 159   $90,000 thru $99,999 6 87   $100,000 thru $119,999 8 143   $120,000 thru $139,999 18 126   $140,000 thru $159,999 20 133   $160,000 thru $179,999 30 110   $180,000 thru $199,999 23 129   $200,000 thru $249,999 62 154   $250,000 thru $299,999 27 156   $300,000 thru $349,999 30 109   $350,000 thru $399,999 16 176   $400,000 thru $449,999 17 193   $450,000 thru $499,999 17 170   $500,000 thru $549,999 13 154   $550,000 thru $599,999 4 222   $600,000 thru $649,999 9 268   $650,000 thru $699,999 2 211   $700,000 thru $749,999 5 171   $750,000 thru $799,999 4 150   $800,000 thru $849,999 1 165   $900,000 thru $949,999 2 265   $950,000 thru $999,999 1 199   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 291   $2,500,000 thru $2,749,999 1 403   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     325 150     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $334,537 Median $237,000   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 ©2012 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

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