Lake Tahoe Weekly Real Estate Market Update For Nevada East Shore 1/6/12

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 seems to be an uptick in activity on the Nevada side.  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 from 12.9% to 14.1%.  This is the result of Active listings decreasing by 3 as the Pending sales increased by 2.  The distress sales (short sales and bank owned foreclosures) continue to impact the market as it now represents 15.8% of the Active listings and 79.2% of the Pending sales. 

There was 1 new sale this past week.  Because this was in December the number of sales for 2012 is zero.  The sale this past week was on Chimney Rock for $510,000.  The 6 month average sales price did not change as it remained at $816,533.  The average days on market are 204 days.

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

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 buyer activity saw an uptick 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 9% to 11%. 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) is impacting the market more as it now represents 13.5% of the Active inventory and 61.9% of the Pending sales.

There was 1 new sales this past week for a YTD of 117 sales.  This sale was a townhome on So. Benjamin for $215,000.  This decreased the 6 month average sales price by .9% to $1,056,763.  The average days on market are 190 days.

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

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 buying activity remains strong since a surge in the early 4th quarter.  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 from 24.6% to 25.8%.  This is the result of the Active listings decreasing by 5 as the Pending sales increased by 6.  The distress sales (short sales and bank owned foreclosures) are impacting the market more as it now represents 25.6% of the active inventory and 68.4% of the pending sales.

This past week there were 11 new sales for a YTD of 497 sales.  These sales ranged from a low of $122,000 to a high of $650,000.  All of the sales were below $330,000 except for one sale on Panka for $650,000.  This decreased the 6 month average sales price slightly by .2% to $380,734.  The average days on market are 150 days.

Listings per Status

Area Market Survey Listings as of 11/11/11 at 8:08am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 2 35   $80,000 thru $89,999 2 78   $90,000 thru $99,999 4 60   $100,000 thru $119,999 8 66   $120,000 thru $139,999 12 150   $140,000 thru $159,999 13 111   $160,000 thru $179,999 22 145   $180,000 thru $199,999 18 170   $200,000 thru $249,999 32 170   $250,000 thru $299,999 31 215   $300,000 thru $349,999 27 181   $350,000 thru $399,999 22 109   $400,000 thru $449,999 19 228   $450,000 thru $499,999 32 179   $500,000 thru $549,999 8 139   $550,000 thru $599,999 18 193   $600,000 thru $649,999 8 327   $650,000 thru $699,999 12 120   $700,000 thru $749,999 4 106   $750,000 thru $799,999 6 256   $800,000 thru $849,999 3 222   $850,000 thru $899,999 3 156   $900,000 thru $949,999 3 253   $950,000 thru $999,999 3 924   $1,000,000 thru $1,249,999 2 37   $1,250,000 thru $1,499,999 10 148   $1,500,000 thru $1,749,999 5 258   $1,750,000 thru $1,999,999 2 434   $2,000,000 thru $2,249,999 1 179   $3,250,000 thru $3,499,999 1 44   $3,750,000 thru $3,999,999 1 45   $4,250,000 thru $4,499,999 2 331     336 178     Summary Price Information Minimum $55,000 Maximum $4,350,000 Average $482,047 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 11/11/11 at 8:08am   Pending Listing Price Range Quantity Average DOM   $90,000 thru $99,999 1 148   $100,000 thru $119,999 4 135   $120,000 thru $139,999 5 126   $140,000 thru $159,999 11 150   $160,000 thru $179,999 9 135   $180,000 thru $199,999 6 130   $200,000 thru $249,999 20 206   $250,000 thru $299,999 10 197   $300,000 thru $349,999 11 126   $350,000 thru $399,999 10 127   $400,000 thru $449,999 6 177   $450,000 thru $499,999 7 206   $500,000 thru $549,999 4 162   $550,000 thru $599,999 4 103   $600,000 thru $649,999 1 45   $650,000 thru $699,999 1 86   $750,000 thru $799,999 2 232   $1,000,000 thru $1,249,999 1 183   $1,250,000 thru $1,499,999 1 250   $1,500,000 thru $1,749,999 1 1103   $2,750,000 thru $2,999,999 1 354   $3,500,000 thru $3,749,999 1 280     117 171     Summary Price Information Minimum $99,900 Maximum $3,595,000 Average $380,734 Median $275,000   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 4 159   $120,000 thru $139,999 15 115   $140,000 thru $159,999 18 191   $160,000 thru $179,999 30 106   $180,000 thru $199,999 23 129   $200,000 thru $249,999 53 139   $250,000 thru $299,999 36 159   $300,000 thru $349,999 33 135   $350,000 thru $399,999 17 126   $400,000 thru $449,999 17 162   $450,000 thru $499,999 14 175   $500,000 thru $549,999 12 118   $550,000 thru $599,999 8 300   $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 4 75   $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     324 150     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $339,850 Median $252,500   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 ©2011 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

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 trend.

More Buyers are coming into the market this past week.  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 increase from 17.6% to 18.4%.  This is the result of the Active listings decreasing by 14 as the Pending sales increased by 3.  The number of pending bank owned properties is at 15 and the number of short sales is at 33.  The distress sales now represent 43.2% of all the pending sales which is .5% down from the previous week.

There were 14 new sales this past week for a YTD of 360 sales.  Most of these sales occurred below $388,000 with 3 sales above that which all sold in the Tahoe Keys.  There were two sales on Kokanee for $550,000 each and White Sands for $1,225,000.  This inched the 6 month average sales price up by $299 to $384,050.  So how do we compare to a year ago at this time?  We have 113 more sales this year, 3 more pending sales but 47 more active listings.  More buyers appear to be active in the market this year due to more affordable homes and better selection.  Lower interest rates are also influencing the equation.

Listings per Status

Area Market Survey Listings as of 09/03/10 at 8:59am Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 7   $80,000 thru $89,999 1 392   $90,000 thru $99,999 3 127   $100,000 thru $119,999 3 262   $120,000 thru $139,999 3 108   $140,000 thru $159,999 11 134   $160,000 thru $179,999 7 197   $180,000 thru $199,999 18 131   $200,000 thru $249,999 57 140   $250,000 thru $299,999 82 166   $300,000 thru $349,999 39 137   $350,000 thru $399,999 44 188   $400,000 thru $449,999 19 123   $450,000 thru $499,999 36 162   $500,000 thru $549,999 23 115   $550,000 thru $599,999 26 179   $600,000 thru $649,999 12 104   $650,000 thru $699,999 13 192   $700,000 thru $749,999 9 169   $750,000 thru $799,999 7 193   $800,000 thru $849,999 8 189   $850,000 thru $899,999 10 107   $900,000 thru $949,999 2 198   $950,000 thru $999,999 8 74   $1,000,000 thru $1,249,999 12 268   $1,250,000 thru $1,499,999 9 152   $1,500,000 thru $1,749,999 3 374   $1,750,000 thru $1,999,999 10 366   $2,000,000 thru $2,249,999 3 155   $2,250,000 thru $2,499,999 3 175   $2,500,000 thru $2,749,999 2 176   $2,750,000 thru $2,999,999 1 41   $3,250,000 thru $3,499,999 2 81   $3,750,000 thru $3,999,999 2 148   $4,000,000 thru $4,249,999 1 271   $4,750,000 thru $4,999,999 1 1514   $10,000,000 or more 1 260     492 165     Summary Price Information Minimum  $77,000 Maximum  $12,900,000 Average  $586,554 Median  $379,000 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 ©2010 Rapattoni Corporation. All rights reserved. Area Market Survey Listings as of 09/03/10 at 8:59am Pending Listing Price Range  Quantity      Average DOM   $100,000 thru $119,999 1 157   $140,000 thru $159,999 6 90   $160,000 thru $179,999 1 162   $180,000 thru $199,999 4 169   $200,000 thru $249,999 10 55   $250,000 thru $299,999 25 161   $300,000 thru $349,999 11 82   $350,000 thru $399,999 7 175   $450,000 thru $499,999 13 117   $500,000 thru $549,999 4 61   $550,000 thru $599,999 5 73   $600,000 thru $649,999 7 326   $650,000 thru $699,999 5 163   $700,000 thru $749,999 2 432   $750,000 thru $799,999 4 104   $800,000 thru $849,999 1 94   $850,000 thru $899,999 1 1263   $950,000 thru $999,999 1 847   $1,000,000 thru $1,249,999 1 140   $1,250,000 thru $1,499,999 1 196   $3,750,000 thru $3,999,999 1 766     111 163     Summary Price Information Minimum  $119,900 Maximum  $3,900,000 Average  $455,410 Median  $349,000 Sold Selling Price Range  Quantity      Average DOM   $50,000 thru $59,999 1 79   $60,000 thru $69,999 1 67   $70,000 thru $79,999 1 82   $80,000 thru $89,999 1 64   $100,000 thru $119,999 1 38   $120,000 thru $139,999 8 124   $140,000 thru $159,999 12 67   $160,000 thru $179,999 16 139   $180,000 thru $199,999 19 112   $200,000 thru $249,999 45 154   $250,000 thru $299,999 51 133   $300,000 thru $349,999 32 151   $350,000 thru $399,999 25 143   $400,000 thru $449,999 16 161   $450,000 thru $499,999 16 119   $500,000 thru $549,999 14 144   $550,000 thru $599,999 13 217   $600,000 thru $649,999 8 133   $650,000 thru $699,999 9 126   $700,000 thru $749,999 9 283   $750,000 thru $799,999 5 255   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 114   $900,000 thru $949,999 5 254   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 6 257   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 1 244     319 150     Summary Price Information Minimum  $58,000 Maximum  $3,525,000 Average  $384,050 Median  $300,000 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 ©2010 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 trend.

Remaining steady in the market.  To track the most current buyer acitivity, I use the Market Activity Ration which is the relationship between Active listings and Pending sales.  This past week the Market Activity Ratio remained steady at 18%.  This is the result of the Active listings decreasing by 3 as the Pending sales remained the same.  The number of Pending bank owned properties is at 17 and the pending short sales is at 33.  The distress sales now represent 45.5% of all Pending sales which is the lowest in years. 

This past week there were 13 new sales for a YTD of 335 sales.  All of these sales were evenly spread out between $82,000 and $680,000.  This explains the very slight change in the 6 month average sales price which is at $391,621.  The average days on market is 149 days.

Listings per Status

Area Market Survey   Listings as of 08/20/10 at 9:15am Active Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 1 378   $90,000 thru $99,999 2 79   $100,000 thru $119,999 2 306   $120,000 thru $139,999 3 138   $140,000 thru $159,999 8 113   $160,000 thru $179,999 5 215   $180,000 thru $199,999 14 156   $200,000 thru $249,999 58 144   $250,000 thru $299,999 84 164   $300,000 thru $349,999 42 122   $350,000 thru $399,999 42 184   $400,000 thru $449,999 25 105   $450,000 thru $499,999 38 149   $500,000 thru $549,999 26 105   $550,000 thru $599,999 27 159   $600,000 thru $649,999 16 152   $650,000 thru $699,999 11 205   $700,000 thru $749,999 10 201   $750,000 thru $799,999 11 142   $800,000 thru $849,999 6 131   $850,000 thru $899,999 7 131   $900,000 thru $949,999 4 250   $950,000 thru $999,999 6 81   $1,000,000 thru $1,249,999 14 262   $1,250,000 thru $1,499,999 11 158   $1,500,000 thru $1,749,999 3 360   $1,750,000 thru $1,999,999 10 306   $2,000,000 thru $2,249,999 3 141   $2,250,000 thru $2,499,999 3 161   $2,500,000 thru $2,749,999 2 162   $2,750,000 thru $2,999,999 1 27   $3,250,000 thru $3,499,999 2 67   $3,750,000 thru $3,999,999 1 115   $4,000,000 thru $4,249,999 2 205   $4,750,000 thru $4,999,999 1 1500   $10,000,000 or more 1 246     502 161     Summary Price Information Minimum  $89,000 Maximum  $12,900,000 Average  $596,905 Median  $392,450 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 ©2010 Rapattoni Corporation. All rights reserved. Area Market Survey   Listings as of 08/20/10 at 9:15am Pending Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 63   $90,000 thru $99,999 1 182   $100,000 thru $119,999 1 143   $120,000 thru $139,999 1 71   $140,000 thru $159,999 6 81   $160,000 thru $179,999 2 110   $180,000 thru $199,999 7 190   $200,000 thru $249,999 11 118   $250,000 thru $299,999 21 148   $300,000 thru $349,999 11 82   $350,000 thru $399,999 8 147   $400,000 thru $449,999 1 212   $450,000 thru $499,999 11 118   $500,000 thru $549,999 1 346   $550,000 thru $599,999 5 59   $600,000 thru $649,999 8 315   $650,000 thru $699,999 5 149   $700,000 thru $749,999 1 450   $750,000 thru $799,999 2 118   $800,000 thru $849,999 1 80   $850,000 thru $899,999 1 1249   $950,000 thru $999,999 1 833   $1,000,000 thru $1,249,999 1 16   $1,750,000 thru $1,999,999 1 655   $3,750,000 thru $3,999,999 1 752     110 170     Summary Price Information Minimum  $75,000 Maximum  $3,900,000 Average  $434,974 Median  $322,400 Sold Selling Price Range  Quantity      Average DOM   $50,000 thru $59,999 1 79   $70,000 thru $79,999 1 82   $80,000 thru $89,999 1 64   $120,000 thru $139,999 6 117   $140,000 thru $159,999 10 63   $160,000 thru $179,999 15 145   $180,000 thru $199,999 16 120   $200,000 thru $249,999 39 140   $250,000 thru $299,999 43 140   $300,000 thru $349,999 27 157   $350,000 thru $399,999 23 147   $400,000 thru $449,999 14 158   $450,000 thru $499,999 16 119   $500,000 thru $549,999 12 108   $550,000 thru $599,999 10 202   $600,000 thru $649,999 6 124   $650,000 thru $699,999 9 126   $700,000 thru $749,999 9 283   $750,000 thru $799,999 4 243   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 114   $900,000 thru $949,999 5 254   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 5 304   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 1 244     277 149     Summary Price Information Minimum  $58,000 Maximum  $3,525,000 Average  $391,240 Median  $316,000 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 ©2010 Rapattoni Corporation. All rights reserved.

 

 

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