Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore 12/30/11

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.

The bright spot for the Nevada East Shore this year has been the surge in lakefront 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 had decreased from 14.4% to 12.9%.  This is the result of the Active listings decreasing by 6 as the Pending sales decreased by 4.  The distress sales (short sales and bank owned foreclosures) continues to impact the market as it now represents 14.1% of the Active inventory and 77.3% of the Pending sales. 

This past week there were 2 new sales for a YTD of 135 sales.  These sales were on Chimney Rock Dr for $575,000 and Lake Village condo for $245,000.  This decreased the 6 month average sales price by 1.3% to $816,533.  The average days on market are 204 days.  Compared to 2010 the units sold is down by approximately 6.9% or 5 less units sold.  Whereas the 6 month average sales comparison is up by 14.1%.

South Lake Tahoe Weekly Real Estate Market Update for 12/30/11

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.

It’s a good ending to a good year 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 decreased from 27.1% to 23.9%.  This is the result of the Active listings increasing by 4 as the Pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) continue to impact the market it now represents 26.8% of the Active listings and 77.1% of the Pending sales.

There were 12 new sales this past week for a YTD of 582 sales.  The sales ranged from $158,000 to $1,450,000.  Most of the sales were below $375,000 with 4 sales above that.  These sales were on Julie Ln for $475,000, Alice Lake Rd for $540,000, Emerald Dr for $719,000 and Ski Run Blvd for $1,450,000.  Despite the higher sales, the 6 month average sales price decreased by 1.9% to $329,770.  The average days on market are 150 days.  Compared to 2010, the units sold has increased by approximately 3.6% or 20 more units sold.  However, the values continue to drop.  When you compare the 6 month average sales price the difference from a year ago is approximately 10%.

Listings per Status

Area Market Survey Listings as of 12/30/11 at 8:38am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 63   $70,000 thru $79,999 1 66   $80,000 thru $89,999 3 139   $90,000 thru $99,999 3 96   $100,000 thru $119,999 8 121   $120,000 thru $139,999 7 188   $140,000 thru $159,999 13 98   $160,000 thru $179,999 14 205   $180,000 thru $199,999 15 155   $200,000 thru $249,999 40 163   $250,000 thru $299,999 25 218   $300,000 thru $349,999 25 157   $350,000 thru $399,999 23 99   $400,000 thru $449,999 14 197   $450,000 thru $499,999 28 211   $500,000 thru $549,999 8 158   $550,000 thru $599,999 15 245   $600,000 thru $649,999 3 263   $650,000 thru $699,999 11 137   $700,000 thru $749,999 3 159   $750,000 thru $799,999 4 213   $800,000 thru $849,999 2 336   $850,000 thru $899,999 4 160   $900,000 thru $949,999 4 233   $950,000 thru $999,999 2 614   $1,000,000 thru $1,249,999 2 86   $1,250,000 thru $1,499,999 9 194   $1,500,000 thru $1,749,999 6 442   $1,750,000 thru $1,999,999 2 483   $2,000,000 thru $2,249,999 3 502   $2,250,000 thru $2,499,999 1 639   $2,500,000 thru $2,749,999 2 639   $3,250,000 thru $3,499,999 1 93   $3,500,000 thru $3,749,999 1 329   $3,750,000 thru $3,999,999 1 94   $4,250,000 thru $4,499,999 1 356   $10,000,000 or more 1 723     306 193     Summary Price Information Minimum $59,000 Maximum $12,900,000 Average $559,532 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 12/30/11 at 8:38am   Pending Listing Price Range Quantity Average DOM   $50,000 thru $59,999 1 105   $90,000 thru $99,999 2 136   $100,000 thru $119,999 4 86   $120,000 thru $139,999 6 127   $140,000 thru $159,999 9 154   $160,000 thru $179,999 11 122   $180,000 thru $199,999 8 127   $200,000 thru $249,999 16 159   $250,000 thru $299,999 10 125   $300,000 thru $349,999 3 256   $350,000 thru $399,999 11 101   $400,000 thru $449,999 3 152   $450,000 thru $499,999 3 231   $500,000 thru $549,999 1 31   $550,000 thru $599,999 3 152   $600,000 thru $649,999 2 294   $800,000 thru $849,999 1 141   $1,000,000 thru $1,249,999 1 50   $2,750,000 thru $2,999,999 1 403     96 143     Summary Price Information Minimum $55,000 Maximum $2,995,000 Average $304,388 Median $227,000   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 85   $100,000 thru $119,999 7 149   $120,000 thru $139,999 18 126   $140,000 thru $159,999 20 133   $160,000 thru $179,999 32 109   $180,000 thru $199,999 22 129   $200,000 thru $249,999 57 150   $250,000 thru $299,999 28 153   $300,000 thru $349,999 29 110   $350,000 thru $399,999 15 184   $400,000 thru $449,999 18 190   $450,000 thru $499,999 17 170   $500,000 thru $549,999 14 147   $550,000 thru $599,999 5 330   $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   $3,500,000 thru $3,749,999 1 120   $4,000,000 thru $4,249,999 1 143     322 150     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $329,770 Median $238,450   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

Lake Tahoe Weekly Real Estate Market Update for Nevada East Shore

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.

The Nevada market is benefiting the from the lack of snow as well.  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 decrease from 14.5% to 13.7%.  This is the result of the Active listings decreasing by 7 as the pending sales increased by 1.  The distress sales (short sales and bank owned foreclosures) continue to impact the market as it now represents 14.6% of the Active listings and 56% of the Pending sales.

This past week there were 2 new sales for a YTD total of 126 sales.  The sales wereon Freel for $550,000 and Skyland Dr for $556,000.  The 6 month average sales price decreased significantly in the past 3 weeks by 15.3% to $897,461.  The average days on market are 197 days.

South Lake Tahoe Weekly Real Estate Market Update 12/9/11

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 lack of snow may not be good for the ski resorts but it’s golden for the real estate sales.  To measure the most current buyer activity, I use the Marke Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the market activity ratio increased from 27.2% to 38%.  I have not seen the ratio go beyond 30% since I started tracking it since the market boom.  This is the result of the Active listings decreasing by 12 as the Pending sales decreased by 4.  There are 46 less homes for sale than last year at this time.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it represents 26% of the active inventory and 71.9% of the pending sales.

This past week there were 15 new sales for a YTD of 540.  These sales ranged from as low as $110,000 to as high as $1,100,000.  Most of the sales were below $375,000 with 2 sales above that for $645,000 on Bonanza and $1,100,000 on Aloha.  The 6 month average sales price continued to decrease by .1% to $335,635.  The average days on market are 151 days.  I compared my notes to last year and we are now ahead of last years sales with 19 more units sold but the average sales price dropped by approximately 8.6%.

Listings per Status

Area Market Survey Listings as of 12/09/11 at 8:25am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 2 63   $70,000 thru $79,999 1 45   $80,000 thru $89,999 1 166   $90,000 thru $99,999 5 82   $100,000 thru $119,999 5 203   $120,000 thru $139,999 10 136   $140,000 thru $159,999 13 86   $160,000 thru $179,999 19 185   $180,000 thru $199,999 13 185   $200,000 thru $249,999 31 171   $250,000 thru $299,999 30 193   $300,000 thru $349,999 22 171   $350,000 thru $399,999 18 115   $400,000 thru $449,999 19 149   $450,000 thru $499,999 24 223   $500,000 thru $549,999 9 147   $550,000 thru $599,999 15 222   $600,000 thru $649,999 5 182   $650,000 thru $699,999 8 139   $700,000 thru $749,999 3 138   $750,000 thru $799,999 6 284   $800,000 thru $849,999 2 315   $850,000 thru $899,999 5 111   $900,000 thru $949,999 3 281   $950,000 thru $999,999 2 593   $1,000,000 thru $1,249,999 2 65   $1,250,000 thru $1,499,999 9 173   $1,500,000 thru $1,749,999 5 506   $1,750,000 thru $1,999,999 2 462   $2,000,000 thru $2,249,999 3 481   $2,250,000 thru $2,499,999 1 618   $2,500,000 thru $2,749,999 2 618   $3,250,000 thru $3,499,999 1 72   $3,500,000 thru $3,749,999 1 308   $3,750,000 thru $3,999,999 1 73   $4,250,000 thru $4,499,999 1 335   $10,000,000 or more 1 702     300 191     Summary Price Information Minimum $55,000 Maximum $12,900,000 Average $560,419 Median $348,750   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   Area Market Survey Listings as of 12/09/11 at 8:25am   Pending Listing Price Range Quantity Average DOM   $90,000 thru $99,999 2 115   $100,000 thru $119,999 4 100   $120,000 thru $139,999 5 148   $140,000 thru $159,999 10 154   $160,000 thru $179,999 7 52   $180,000 thru $199,999 8 92   $200,000 thru $249,999 22 181   $250,000 thru $299,999 10 139   $300,000 thru $349,999 6 188   $350,000 thru $399,999 11 120   $400,000 thru $449,999 4 163   $450,000 thru $499,999 9 179   $500,000 thru $549,999 3 171   $550,000 thru $599,999 4 137   $600,000 thru $649,999 3 532   $650,000 thru $699,999 1 141   $750,000 thru $799,999 1 378   $800,000 thru $849,999 1 120   $1,000,000 thru $1,249,999 1 29   $1,250,000 thru $1,499,999 1 278   $2,750,000 thru $2,999,999 1 382     114 159     Summary Price Information Minimum $99,000 Maximum $2,995,000 Average $345,502 Median $249,000   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 8 84   $100,000 thru $119,999 7 149   $120,000 thru $139,999 18 111   $140,000 thru $159,999 21 171   $160,000 thru $179,999 31 117   $180,000 thru $199,999 21 134   $200,000 thru $249,999 55 144   $250,000 thru $299,999 33 164   $300,000 thru $349,999 34 128   $350,000 thru $399,999 16 145   $400,000 thru $449,999 16 190   $450,000 thru $499,999 14 164   $500,000 thru $549,999 12 126   $550,000 thru $599,999 4 372   $600,000 thru $649,999 7 172   $650,000 thru $699,999 3 180   $700,000 thru $749,999 4 186   $750,000 thru $799,999 3 72   $800,000 thru $849,999 4 186   $900,000 thru $949,999 2 265   $1,000,000 thru $1,249,999 2 157   $1,250,000 thru $1,499,999 1 735   $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     324 151     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $335,635 Median $245,000   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

South Lake Tahoe Weekly Real Estate Market Update 11/18/11

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 Fourth Quarter started with a surge and it’s maintaining.  As the inventory decreases which is typical for this time of year the buyer activity is increasing.  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 again from 25.8% to 27.2%.  This is the result of the Pending sales increasing by 4 as the Active inventory dropped by 12.  The distress sales (Short sales and Bank Owned foreclosures) continues to impact the market which now represents 25% of the active inventory and 68.6% of the pending sales.

There were 9 new sales this past week for a YTD of 506 sales.  These sales ranged from as low as $100,000 to $525,000.  The two sales above $322,000 were High meadow Tr for $519,000 and Sundown Tr for $525,000.  This decreased the 6 month average sales price by 1.1% to $336,107.  The average days on market are 151 days. 

Listings per Status

Area Market Survey Listings as of 11/18/11 at 8:44am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 2 42   $80,000 thru $89,999 2 85   $90,000 thru $99,999 3 78   $100,000 thru $119,999 7 82   $120,000 thru $139,999 10 201   $140,000 thru $159,999 12 83   $160,000 thru $179,999 22 156   $180,000 thru $199,999 17 158   $200,000 thru $249,999 27 158   $250,000 thru $299,999 32 213   $300,000 thru $349,999 27 173   $350,000 thru $399,999 20 125   $400,000 thru $449,999 20 213   $450,000 thru $499,999 30 188   $500,000 thru $549,999 8 146   $550,000 thru $599,999 17 209   $600,000 thru $649,999 9 303   $650,000 thru $699,999 12 130   $700,000 thru $749,999 4 113   $750,000 thru $799,999 6 263   $800,000 thru $849,999 3 229   $850,000 thru $899,999 3 163   $900,000 thru $949,999 3 260   $950,000 thru $999,999 3 931   $1,000,000 thru $1,249,999 3 32   $1,250,000 thru $1,499,999 10 155   $1,500,000 thru $1,749,999 5 485   $1,750,000 thru $1,999,999 2 441   $2,000,000 thru $2,249,999 1 186   $3,250,000 thru $3,499,999 1 51   $3,750,000 thru $3,999,999 1 52   $4,250,000 thru $4,499,999 2 338     324 185     Summary Price Information Minimum $55,000 Maximum $4,350,000 Average $494,124 Median $362,000   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 11/18/11 at 8:44am   Pending Listing Price Range Quantity Average DOM   $90,000 thru $99,999 3 65   $100,000 thru $119,999 3 103   $120,000 thru $139,999 5 114   $140,000 thru $159,999 12 152   $160,000 thru $179,999 10 120   $180,000 thru $199,999 7 129   $200,000 thru $249,999 24 217   $250,000 thru $299,999 7 143   $300,000 thru $349,999 9 142   $350,000 thru $399,999 11 120   $400,000 thru $449,999 7 183   $450,000 thru $499,999 8 214   $500,000 thru $549,999 2 230   $550,000 thru $599,999 4 110   $600,000 thru $649,999 1 52   $650,000 thru $699,999 2 107   $750,000 thru $799,999 2 239   $1,000,000 thru $1,249,999 1 190   $1,250,000 thru $1,499,999 1 257   $2,750,000 thru $2,999,999 1 361   $3,500,000 thru $3,749,999 1 287     121 161     Summary Price Information Minimum $99,000 Maximum $3,595,000 Average $362,392 Median $244,900   Sold Selling Price Range Quantity Average DOM   $40,000 thru $49,999 1 259   $60,000 thru $69,999 1 25   $70,000 thru $79,999 3 83   $80,000 thru $89,999 1 159   $90,000 thru $99,999 9 96   $100,000 thru $119,999 5 178   $120,000 thru $139,999 17 114   $140,000 thru $159,999 17 186   $160,000 thru $179,999 30 111   $180,000 thru $199,999 23 129   $200,000 thru $249,999 53 139   $250,000 thru $299,999 37 160   $300,000 thru $349,999 34 132   $350,000 thru $399,999 15 134   $400,000 thru $449,999 17 162   $450,000 thru $499,999 13 169   $500,000 thru $549,999 13 124   $550,000 thru $599,999 7 321   $600,000 thru $649,999 7 222   $650,000 thru $699,999 3 180   $700,000 thru $749,999 3 206   $750,000 thru $799,999 3 72   $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 1 735   $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     324 151     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $336,107 Median $250,000   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

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