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.

September is proving to be a good month for sales as in previous years.  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 increase from 18.4% to 19.3%.  This is the result of the Active listings decreasing by 9 as the Pending sales increased by 4.  The number of Pending Bank Owned properties is at 20 and the number of Pending Short Sales is at 35.  The distress sales now represent 47.8% of all Pending Sales which is up from 43.2% the previous week.

This past week there were 13 new sales for a YTD of 373 sales.  Half of the sales were below $302,000 and the other half were above $485,000.  One of the sales was a lake front in the Tahoe Keys and it sold for $3,575,000.  For the second consecutive week, we saw the 6 month average sales price increase and this week it increased by 3.3% to $396,641.  The average days on market is 154 days. 

Listings per Status

 

Area Market Survey

Listings as of 09/10/10 at 10:01am

 

Active Listing Price Range  Quantity      Average DOM   $70,000 thru $79,999 1 14   $80,000 thru $89,999 1 399   $90,000 thru $99,999 1 135   $100,000 thru $119,999 2 327   $120,000 thru $139,999 6 143   $140,000 thru $159,999 7 136   $160,000 thru $179,999 8 182   $180,000 thru $199,999 16 150   $200,000 thru $249,999 57 140   $250,000 thru $299,999 76 179   $300,000 thru $349,999 40 129   $350,000 thru $399,999 43 197   $400,000 thru $449,999 24 130   $450,000 thru $499,999 35 155   $500,000 thru $549,999 24 117   $550,000 thru $599,999 24 179   $600,000 thru $649,999 12 104   $650,000 thru $699,999 15 200   $700,000 thru $749,999 8 180   $750,000 thru $799,999 7 165   $800,000 thru $849,999 9 182   $850,000 thru $899,999 8 127   $900,000 thru $949,999 2 205   $950,000 thru $999,999 8 244   $1,000,000 thru $1,249,999 10 185   $1,250,000 thru $1,499,999 10 144   $1,500,000 thru $1,749,999 3 381   $1,750,000 thru $1,999,999 11 359   $2,000,000 thru $2,249,999 3 162   $2,250,000 thru $2,499,999 2 163   $2,500,000 thru $2,749,999 2 183   $2,750,000 thru $2,999,999 1 48   $3,250,000 thru $3,499,999 2 88   $3,500,000 thru $3,749,999 1 136   $3,750,000 thru $3,999,999 1 173   $4,000,000 thru $4,249,999 1 278   $4,750,000 thru $4,999,999 1 1521   $10,000,000 or more 1 267     483 169

Summary Price Information Minimum  $77,000 Maximum  $12,900,000 Average  $590,270 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 09/10/10 at 10:01am

 

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 2 134   $100,000 thru $119,999 2 159   $140,000 thru $159,999 6 63   $160,000 thru $179,999 1 169   $180,000 thru $199,999 4 177   $200,000 thru $249,999 11 92   $250,000 thru $299,999 29 143   $300,000 thru $349,999 11 87   $350,000 thru $399,999 7 169   $450,000 thru $499,999 12 120   $500,000 thru $549,999 4 68   $550,000 thru $599,999 6 84   $600,000 thru $649,999 6 268   $650,000 thru $699,999 4 191   $700,000 thru $749,999 2 439   $750,000 thru $799,999 4 111   $850,000 thru $899,999 1 1270   $950,000 thru $999,999 1 854   $1,000,000 thru $1,249,999 1 147   $1,250,000 thru $1,499,999 1 203     115 152

Summary Price Information Minimum  $98,200 Maximum  $1,375,000 Average  $401,797 Median  $319,900

 

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 1 64   $120,000 thru $139,999 7 111   $140,000 thru $159,999 12 82   $160,000 thru $179,999 14 146   $180,000 thru $199,999 19 112   $200,000 thru $249,999 42 149   $250,000 thru $299,999 47 138   $300,000 thru $349,999 24 154   $350,000 thru $399,999 23 141   $400,000 thru $449,999 14 145   $450,000 thru $499,999 15 132   $500,000 thru $549,999 12 125   $550,000 thru $599,999 11 233   $600,000 thru $649,999 9 196   $650,000 thru $699,999 9 126   $700,000 thru $749,999 8 305   $750,000 thru $799,999 4 243   $800,000 thru $849,999 2 246   $850,000 thru $899,999 1 114   $900,000 thru $949,999 4 241   $950,000 thru $999,999 1 0   $1,000,000 thru $1,249,999 5 283   $1,250,000 thru $1,499,999 1 277   $3,500,000 thru $3,749,999 2 508     289 154

Summary Price Information Minimum  $58,000 Maximum  $3,575,000 Average  $396,641 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. 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.

Buyer Activity is being outpaced by rising inventories!  To track 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 Active listings increase by 22 as the Pending sales decreased by 4.  It is interesting to note that the number of bank owned properties Pending is 16 and the number of Short Sales pending is 48 for a total of 64 Pending sales.  This now represents 57.7% which is the lowest percentage in almost a year. 

This past week there were 10 new sales for a YTD of 217 sales.  The majority of the sales occurred below $317,000 while there were sales prices above that for $495,000 on Lake Tahoe Blvd, $575,000 on Gilmore Lake Rd, $735,000 on High Meadow Tr, and $999,000 Lupine Tr.  The Average Days on Market for these sales is 152 days.

Listings per Status

Area Market Survey

Listings as of 06/11/10 at 8:08am

Active Listing Price Range  Quantity      Average DOM   $80,000 thru $89,999 2 163   $90,000 thru $99,999 1 44   $100,000 thru $119,999 1 49   $120,000 thru $139,999 2 399   $140,000 thru $159,999 8 97   $160,000 thru $179,999 9 79   $180,000 thru $199,999 13 196   $200,000 thru $249,999 28 153   $250,000 thru $299,999 69 142   $300,000 thru $349,999 44 132   $350,000 thru $399,999 43 134   $400,000 thru $449,999 20 165   $450,000 thru $499,999 41 187   $500,000 thru $549,999 18 122   $550,000 thru $599,999 27 213   $600,000 thru $649,999 13 196   $650,000 thru $699,999 14 146   $700,000 thru $749,999 8 228   $750,000 thru $799,999 12 132   $800,000 thru $849,999 5 214   $850,000 thru $899,999 5 293   $900,000 thru $949,999 3 358   $950,000 thru $999,999 6 137   $1,000,000 thru $1,249,999 12 249   $1,250,000 thru $1,499,999 7 110   $1,500,000 thru $1,749,999 4 287   $1,750,000 thru $1,999,999 8 300   $2,000,000 thru $2,249,999 4 56   $2,250,000 thru $2,499,999 4 295   $2,500,000 thru $2,749,999 2 92   $3,500,000 thru $3,749,999 1 1   $3,750,000 thru $3,999,999 1 45   $4,000,000 thru $4,249,999 2 135   $4,250,000 thru $4,499,999 1 682   $4,750,000 thru $4,999,999 1 1430   $10,000,000 or more 1 176     440 168

Summary Price Information Minimum  $89,000 Maximum  $12,900,000 Average  $622,887 Median  $404,450

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 06/11/10 at 8:08am

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 112   $120,000 thru $139,999 2 81   $140,000 thru $159,999 6 38   $160,000 thru $179,999 4 192   $180,000 thru $199,999 7 149   $200,000 thru $249,999 16 143   $250,000 thru $299,999 23 217   $300,000 thru $349,999 12 142   $350,000 thru $399,999 11 161   $400,000 thru $449,999 4 78   $450,000 thru $499,999 4 68   $500,000 thru $549,999 4 165   $550,000 thru $599,999 2 60   $600,000 thru $649,999 2 333   $650,000 thru $699,999 1 81   $700,000 thru $749,999 3 267   $750,000 thru $799,999 2 603   $850,000 thru $899,999 1 178   $900,000 thru $949,999 1 101   $950,000 thru $999,999 3 308   $1,000,000 thru $1,249,999 1 176   $1,250,000 thru $1,499,999 1 413     111 171

Summary Price Information Minimum  $99,000 Maximum  $1,488,000 Average  $375,286 Median  $299,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $70,000 thru $79,999 1 82   $80,000 thru $89,999 1 169   $100,000 thru $119,999 1 38   $120,000 thru $139,999 2 187   $140,000 thru $159,999 10 72   $160,000 thru $179,999 10 126   $180,000 thru $199,999 11 125   $200,000 thru $249,999 40 102   $250,000 thru $299,999 38 131   $300,000 thru $349,999 27 156   $350,000 thru $399,999 26 186   $400,000 thru $449,999 12 210   $450,000 thru $499,999 16 158   $500,000 thru $549,999 9 121   $550,000 thru $599,999 10 215   $600,000 thru $649,999 7 232   $650,000 thru $699,999 10 88   $700,000 thru $749,999 5 167   $750,000 thru $799,999 4 362   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 439   $900,000 thru $949,999 3 365   $950,000 thru $999,999 2 1   $1,000,000 thru $1,249,999 3 296   $1,250,000 thru $1,499,999 1 277   $1,500,000 thru $1,749,999 1 0   $3,000,000 thru $3,249,999 1 117   $3,500,000 thru $3,749,999 1 244     255 152

Summary Price Information Minimum  $67,000 Maximum  $3,525,000 Average  $406,502 Median  $317,000

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.