South Lake Tahoe Weekly Real Estate Market Update 12/16/11

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.

We are still lacking snow in Tahoe but the real estate sales remain strong!  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 has decreased from 38% to 27.1%.  This is the result of the Active listings increasing by 2 as the Pending sales decreased by 2.  The distress sales ( short sales and bank owned foreclosures) continue to impact our market which represents 27.8% of the Active inventory and 72.3% of the Pending inventory. 

This past week there were 12 new sales for a YTD total of 552 sales.  These sales ranged from $124,600 to $600,000.  Half of the sales were above $400,000 which were on Colusa for $414,000, Marconi Way for $445,000, Wedeln Ct for $455,000, Sierra House Tr for $525,000, Oglala for $560,000 and Sherman Way for $600,000.  This helped to maintain the 6 month average sales price which decreased slightly by .1% to $336,125.  The average days on market are 156 days.

Listings per Status

Area Market Survey Listings as of 12/16/11 at 8:50am   Active Listing Price Range Quantity Average DOM   $50,000 thru $59,999 2 70   $70,000 thru $79,999 1 52   $80,000 thru $89,999 2 108   $90,000 thru $99,999 4 101   $100,000 thru $119,999 6 176   $120,000 thru $139,999 9 150   $140,000 thru $159,999 13 90   $160,000 thru $179,999 19 170   $180,000 thru $199,999 15 148   $200,000 thru $249,999 32 172   $250,000 thru $299,999 29 200   $300,000 thru $349,999 22 167   $350,000 thru $399,999 21 116   $400,000 thru $449,999 16 157   $450,000 thru $499,999 26 208   $500,000 thru $549,999 8 144   $550,000 thru $599,999 16 226   $600,000 thru $649,999 3 249   $650,000 thru $699,999 8 146   $700,000 thru $749,999 3 145   $750,000 thru $799,999 5 199   $800,000 thru $849,999 2 322   $850,000 thru $899,999 5 118   $900,000 thru $949,999 3 288   $950,000 thru $999,999 2 600   $1,000,000 thru $1,249,999 2 72   $1,250,000 thru $1,499,999 9 180   $1,500,000 thru $1,749,999 6 428   $1,750,000 thru $1,999,999 2 469   $2,000,000 thru $2,249,999 3 488   $2,250,000 thru $2,499,999 1 625   $2,500,000 thru $2,749,999 2 625   $3,250,000 thru $3,499,999 1 79   $3,500,000 thru $3,749,999 1 315   $3,750,000 thru $3,999,999 1 80   $4,250,000 thru $4,499,999 1 342   $10,000,000 or more 1 709     302 188     Summary Price Information Minimum $55,000 Maximum $12,900,000 Average $559,191 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 12/16/11 at 8:50am   Pending Listing Price Range Quantity Average DOM   $90,000 thru $99,999 2 122   $100,000 thru $119,999 4 107   $120,000 thru $139,999 6 113   $140,000 thru $159,999 11 135   $160,000 thru $179,999 8 125   $180,000 thru $199,999 8 104   $200,000 thru $249,999 21 170   $250,000 thru $299,999 11 134   $300,000 thru $349,999 6 195   $350,000 thru $399,999 11 127   $400,000 thru $449,999 2 167   $450,000 thru $499,999 9 163   $500,000 thru $549,999 2 65   $550,000 thru $599,999 3 137   $600,000 thru $649,999 2 280   $650,000 thru $699,999 1 148   $750,000 thru $799,999 1 385   $800,000 thru $849,999 1 127   $1,000,000 thru $1,249,999 1 36   $1,250,000 thru $1,499,999 1 285   $2,750,000 thru $2,999,999 1 389     112 148     Summary Price Information Minimum $99,000 Maximum $2,995,000 Average $333,161 Median $239,450   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 20 118   $140,000 thru $159,999 21 171   $160,000 thru $179,999 32 121   $180,000 thru $199,999 22 131   $200,000 thru $249,999 58 146   $250,000 thru $299,999 33 164   $300,000 thru $349,999 35 128   $350,000 thru $399,999 16 145   $400,000 thru $449,999 18 188   $450,000 thru $499,999 15 175   $500,000 thru $549,999 13 146   $550,000 thru $599,999 6 329   $600,000 thru $649,999 8 283   $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     339 156     Summary Price Information Minimum $45,000 Maximum $4,200,000 Average $336,125 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

Lake Tahoe Weekly Real Estate Market Update For East Shore Nevada 10/28/11

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.

East shore sales are cooling off as well.  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, we saw the market activity ratio decrease from 11.5% to 10.7%.  This is the result of the Active sales decreasing by 1 as the Pending sales decreased by 2.  The distress sales ( short sales and bank owned foreclosures) is impacting the market more as it now represents 12.5% of the active inventory and 54.5% the pending sales.

This past week there were 5 new sales for a YTD of 110 sales.  The sales were two condos on top of Kingsbury for $135,000 and $179,900, Andria Dr for $240,000, Glen Ct. for $604,000 and lakeview home on Hillcrest Rd for $743,000.  This decreased the 6 month average sales price by 4.2% to $1,122,391.  The average days on market are 192 days.

South Lake Tahoe Weekly Real Estate Market Update

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.

Buyer’s are still very active right before the holiday!  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 dropped a point from 20.4% to 19.1%.  This is the result of Active listings decreasing by 1 as the Pending sales decreased by 8.  The distress sales continue to impact our market as they represent 21.3% of the current inventory and 63.4% of the pending sales.

There were 19 new sales for a YTD of 540 units sold.  The majority of the sales were below $340,000 price bracket with 6 sales above that.  The higher sales occurred at $625,000 Venice Dr, $700,000 Miztec Ct, $710,000 Meadow Vale Dr, $800,000 Del Norte with lake views, $1,600,000 on Balboa Dr in the Tahoe Keys.  The higher priced sales were enough to move the 6 month average sales price upward by 1.4% to $372,528.  The average days on market are 155 days.

Listings per Status

Area Market Survey

Listings as of 12/17/10 at 10:10am

 

Active Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 2 62   $100,000 thru $119,999 2 420   $120,000 thru $139,999 4 135   $140,000 thru $159,999 8 85   $160,000 thru $179,999 14 214   $180,000 thru $199,999 26 90   $200,000 thru $249,999 50 176   $250,000 thru $299,999 52 200   $300,000 thru $349,999 33 145   $350,000 thru $399,999 31 224   $400,000 thru $449,999 16 126   $450,000 thru $499,999 29 172   $500,000 thru $549,999 10 193   $550,000 thru $599,999 18 182   $600,000 thru $649,999 12 82   $650,000 thru $699,999 12 215   $700,000 thru $749,999 5 241   $750,000 thru $799,999 6 314   $800,000 thru $849,999 7 210   $850,000 thru $899,999 5 125   $950,000 thru $999,999 8 360   $1,000,000 thru $1,249,999 8 244   $1,250,000 thru $1,499,999 6 239   $1,500,000 thru $1,749,999 5 477   $1,750,000 thru $1,999,999 8 422   $2,000,000 thru $2,249,999 4 255   $2,250,000 thru $2,499,999 2 160   $2,500,000 thru $2,749,999 2 281   $2,750,000 thru $2,999,999 1 146   $3,250,000 thru $3,499,999 2 184   $3,500,000 thru $3,749,999 1 234   $3,750,000 thru $3,999,999 1 271   $4,000,000 thru $4,249,999 1 375   $4,250,000 thru $4,499,999 1 25   $4,750,000 thru $4,999,999 1 1619   $10,000,000 or more 1 365     394 195

Summary Price Information Minimum  $99,000 Maximum  $12,900,000 Average  $610,309 Median  $366,950

 

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. U.S. Patent 6,910,045

Area Market Survey

Listings as of 12/17/10 at 10:10am

 

Pending Listing Price Range  Quantity      Average DOM   $120,000 thru $139,999 4 91   $140,000 thru $159,999 2 104   $160,000 thru $179,999 4 108   $180,000 thru $199,999 5 154   $200,000 thru $249,999 18 151   $250,000 thru $299,999 16 208   $300,000 thru $349,999 13 137   $350,000 thru $399,999 4 174   $400,000 thru $449,999 5 160   $450,000 thru $499,999 5 247   $500,000 thru $549,999 6 129   $550,000 thru $599,999 3 226   $600,000 thru $649,999 3 126   $700,000 thru $749,999 1 252   $750,000 thru $799,999 3 294   $900,000 thru $949,999 1 155     93 166

Summary Price Information Minimum  $124,000 Maximum  $925,000 Average  $347,699 Median  $299,000

 

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 11 110   $140,000 thru $159,999 13 137   $160,000 thru $179,999 12 118   $180,000 thru $199,999 13 86   $200,000 thru $249,999 52 151   $250,000 thru $299,999 46 137   $300,000 thru $349,999 32 127   $350,000 thru $399,999 21 153   $400,000 thru $449,999 13 138   $450,000 thru $499,999 16 121   $500,000 thru $549,999 10 131   $550,000 thru $599,999 16 241   $600,000 thru $649,999 14 150   $650,000 thru $699,999 4 370   $700,000 thru $749,999 8 318   $750,000 thru $799,999 3 95   $800,000 thru $849,999 2 732   $850,000 thru $899,999 1 114   $900,000 thru $949,999 2 64   $950,000 thru $999,999 1 167   $1,000,000 thru $1,249,999 5 183   $1,500,000 thru $1,749,999 1 195   $3,500,000 thru $3,749,999 1 771     307 155

Summary Price Information Minimum  $58,000 Maximum  $3,575,000 Average  $372,528 Median  $292,000

 

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. U.S. Patent 6,910,045

South Lake Tahoe Weekly Real Estate Market Update

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 buyers are still making purchases as the inventories are dropping.  To track the most current buyer activity, I use the Market Activity Ratio.  This is the relationship between Active listings and Pending sales.  This past week we saw the market activivty ratio increase from 19.6% to 20.5%.  This is the result of Active listings decreasing by 4 as the Pending sales increased by 5.  The number of Pending short sales and bank owned properties are 46 & 22 respectively.  The distress sales now represent 61.8% of all pending sales which is up from last week which was 58.1%.  The number of active short sales and bank owned properties are 43 & 25 respectively which represents 15.9% of the market.

There were 8 new sales this past week for a YTD of 455 sales.  These sales did ocurr under $475,000 with one sale above that which was on cold Creek Tr for $710,000.  The average days on market are 152 days. 

Listings per Status

Area Market Survey

Listings as of 10/22/10 at 8:54am

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 56   $90,000 thru $99,999 1 11   $100,000 thru $119,999 3 243   $120,000 thru $139,999 6 102   $140,000 thru $159,999 4 182   $160,000 thru $179,999 9 159   $180,000 thru $199,999 15 135   $200,000 thru $249,999 49 173   $250,000 thru $299,999 63 195   $300,000 thru $349,999 44 113   $350,000 thru $399,999 36 202   $400,000 thru $449,999 17 157   $450,000 thru $499,999 31 203   $500,000 thru $549,999 16 149   $550,000 thru $599,999 24 166   $600,000 thru $649,999 9 69   $650,000 thru $699,999 11 235   $700,000 thru $749,999 9 179   $750,000 thru $799,999 11 209   $800,000 thru $849,999 7 229   $850,000 thru $899,999 5 120   $950,000 thru $999,999 8 324   $1,000,000 thru $1,249,999 12 167   $1,250,000 thru $1,499,999 7 178   $1,500,000 thru $1,749,999 4 530   $1,750,000 thru $1,999,999 10 356   $2,000,000 thru $2,249,999 4 199   $2,250,000 thru $2,499,999 1 225   $2,500,000 thru $2,749,999 2 225   $2,750,000 thru $2,999,999 1 90   $3,250,000 thru $3,499,999 2 130   $3,500,000 thru $3,749,999 1 178   $3,750,000 thru $3,999,999 1 215   $4,000,000 thru $4,249,999 1 319   $4,750,000 thru $4,999,999 1 1563   $10,000,000 or more 1 309     427 185

Summary Price Information Minimum  $77,000 Maximum  $12,900,000 Average  $607,393 Median  $385,000

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. U.S. Patent 6,910,045

Area Market Survey

Listings as of 10/22/10 at 8:54am

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 245   $120,000 thru $139,999 4 160   $140,000 thru $159,999 4 152   $160,000 thru $179,999 7 73   $180,000 thru $199,999 8 99   $200,000 thru $249,999 21 135   $250,000 thru $299,999 21 175   $300,000 thru $349,999 6 144   $350,000 thru $399,999 6 216   $400,000 thru $449,999 4 198   $450,000 thru $499,999 8 155   $500,000 thru $549,999 4 141   $550,000 thru $599,999 2 119   $600,000 thru $649,999 6 166   $650,000 thru $699,999 1 248   $700,000 thru $749,999 1 513   $750,000 thru $799,999 1 66   $800,000 thru $849,999 1 99   $850,000 thru $899,999 1 1312   $900,000 thru $949,999 1 99   $950,000 thru $999,999 2 39     110 161

Summary Price Information Minimum  $99,000 Maximum  $999,900 Average  $350,498 Median  $276,250

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 3 192   $100,000 thru $119,999 3 123   $120,000 thru $139,999 9 106   $140,000 thru $159,999 13 85   $160,000 thru $179,999 10 179   $180,000 thru $199,999 17 105   $200,000 thru $249,999 52 153   $250,000 thru $299,999 47 131   $300,000 thru $349,999 28 147   $350,000 thru $399,999 23 130   $400,000 thru $449,999 12 103   $450,000 thru $499,999 15 127   $500,000 thru $549,999 13 119   $550,000 thru $599,999 17 229   $600,000 thru $649,999 10 186   $650,000 thru $699,999 7 244   $700,000 thru $749,999 8 335   $750,000 thru $799,999 4 93   $800,000 thru $849,999 1 99   $850,000 thru $899,999 1 114   $900,000 thru $949,999 3 174   $950,000 thru $999,999 2 84   $1,000,000 thru $1,249,999 6 272   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 2 508     309 152

Summary Price Information Minimum  $58,000 Maximum  $3,575,000 Average  $391,795 Median  $295,000

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. U.S. Patent 6,910,045

South Lake Tahoe Weekly Real Estate Market

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.

September was strong for sales and it is continuing.  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, the Market Activity Ratio stayed the same as the previous week at 18.9%.  This is the result of the Active listings decreasing by 4 as the pending sales decreased by 1.  The number of Pending bank owned and short sale properties are at 13 & 49 respectively which represents 61.4% of all pending sales.  This is up from last week which was 56.9%.  The number of active bank owned properties currently on the market are 28.

There were 18 new sales this past week for a YTD of 439 sales.  These sales ranged from $80,000 to $950,000 with four sales were above $500,000.  The top two sales were in the Tahoe Keys.  This decreased the 6 month average by .8% to $392,123. The average days on market are 149 days.

Listings per Status

 

Area Market Survey

Listings as of 10/08/10 at 11:18am

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 42   $100,000 thru $119,999 2 350   $120,000 thru $139,999 5 103   $140,000 thru $159,999 7 156   $160,000 thru $179,999 10 152   $180,000 thru $199,999 14 172   $200,000 thru $249,999 52 156   $250,000 thru $299,999 62 208   $300,000 thru $349,999 43 109   $350,000 thru $399,999 37 214   $400,000 thru $449,999 19 147   $450,000 thru $499,999 32 191   $500,000 thru $549,999 18 124   $550,000 thru $599,999 23 165   $600,000 thru $649,999 7 88   $650,000 thru $699,999 13 222   $700,000 thru $749,999 8 187   $750,000 thru $799,999 7 190   $800,000 thru $849,999 9 185   $850,000 thru $899,999 7 152   $900,000 thru $949,999 1 357   $950,000 thru $999,999 8 322   $1,000,000 thru $1,249,999 12 153   $1,250,000 thru $1,499,999 7 187   $1,500,000 thru $1,749,999 4 516   $1,750,000 thru $1,999,999 10 342   $2,000,000 thru $2,249,999 4 185   $2,250,000 thru $2,499,999 1 211   $2,500,000 thru $2,749,999 2 211   $2,750,000 thru $2,999,999 1 76   $3,250,000 thru $3,499,999 2 116   $3,500,000 thru $3,749,999 1 164   $3,750,000 thru $3,999,999 1 201   $4,000,000 thru $4,249,999 1 305   $4,750,000 thru $4,999,999 1 1549   $10,000,000 or more 1 295     433 184

Summary Price Information Minimum  $77,000 Maximum  $12,900,000 Average  $606,129 Median  $389,000

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. U.S. Patent 6,910,045

Area Market Survey

Listings as of 10/08/10 at 11:18am

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 231   $120,000 thru $139,999 3 186   $140,000 thru $159,999 5 116   $160,000 thru $179,999 4 118   $180,000 thru $199,999 7 96   $200,000 thru $249,999 19 135   $250,000 thru $299,999 22 164   $300,000 thru $349,999 5 155   $350,000 thru $399,999 5 173   $400,000 thru $449,999 5 191   $450,000 thru $499,999 8 134   $500,000 thru $549,999 3 154   $550,000 thru $599,999 1 129   $600,000 thru $649,999 6 211   $650,000 thru $699,999 1 234   $700,000 thru $749,999 2 467   $750,000 thru $799,999 2 142   $850,000 thru $899,999 1 1298   $950,000 thru $999,999 1 49     101 168

Summary Price Information Minimum  $99,000 Maximum  $999,000 Average  $346,206 Median  $275,000

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 3 192   $100,000 thru $119,999 3 123   $120,000 thru $139,999 7 111   $140,000 thru $159,999 13 72   $160,000 thru $179,999 13 152   $180,000 thru $199,999 18 105   $200,000 thru $249,999 49 149   $250,000 thru $299,999 49 131   $300,000 thru $349,999 27 136   $350,000 thru $399,999 25 143   $400,000 thru $449,999 12 114   $450,000 thru $499,999 17 145   $500,000 thru $549,999 14 115   $550,000 thru $599,999 18 219   $600,000 thru $649,999 10 186   $650,000 thru $699,999 6 212   $700,000 thru $749,999 8 313   $750,000 thru $799,999 4 93   $800,000 thru $849,999 1 99   $850,000 thru $899,999 1 114   $900,000 thru $949,999 3 174   $950,000 thru $999,999 2 84   $1,000,000 thru $1,249,999 6 272   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 2 508     314 149

Summary Price Information Minimum  $58,000 Maximum  $3,575,000 Average  $392,123 Median  $297,500

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 ©2010 Rapattoni Corporation. All rights reserved. U.S. Patent 6,910,045

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