Weekly So Lake Tahoe CA Statistics As Of Nov. 23, 2008

Listings per Status
Minimum, Average, Maximum
Days On Market Analysis
$1,000,000 thru $1,249,999	16	208
$1,250,000 thru $1,499,999	13	235
$1,500,000 thru $1,749,999	12	255
$1,750,000 thru $1,999,999	5	283
$2,000,000 thru $2,249,999	2	276
$2,250,000 thru $2,499,999	3	141
$2,500,000 thru $2,749,999	3	65
$2,750,000 thru $2,999,999	1	686
$3,000,000 thru $3,249,999	1	73
$3,250,000 thru $3,499,999	1	186
$3,750,000 thru $3,999,999	1	165
$5,000,000 thru $5,999,999	1	117
$7,000,000 thru $7,999,999	2	525
	401	187

Summary Price Information
Minimum	$155,000	Maximum	$7,950,000
Average	$743,385	Median	$535,000

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 ©2008 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 11/23/08 at 11:17am

Pending Listing Price Range  Quantity      Average DOM   $200,000 thru $249,999 4 56   $250,000 thru $299,999 9 152   $300,000 thru $349,999 9 161   $350,000 thru $399,999 4 148   $400,000 thru $449,999 10 257   $450,000 thru $499,999 5 197   $500,000 thru $549,999 2 624   $550,000 thru $599,999 2 130   $600,000 thru $649,999 3 302   $650,000 thru $699,999 1 32   $750,000 thru $799,999 3 251   $800,000 thru $849,999 3 243   $850,000 thru $899,999 1 452   $950,000 thru $999,999 1 76   $1,000,000 thru $1,249,999 1 59   $1,250,000 thru $1,499,999 1 54   $1,750,000 thru $1,999,999 1 235     60 200

Summary Price Information Minimum  $229,000 Maximum  $1,890,000 Average  $511,652 Median  $427,000

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 ©2008 Rapattoni Corporation. All rights reserved.

What you are looking at are numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes only.  The reason is because this segment of the market has the most influence on value trends. 

This week we have seen the inventory slightly declined to 401 single family residences and the pending sales slightly increased to 60 escrows.  This equates to 13% of the inventory is in escrow.  Our high for the year was just above 14% which was in September.  Most of the year we had averaged closer to 12%.  We are in the second month of the quarter and the activity is holding steady.  At this rate, we will should see a strong quarter with the most units sold and the highest gross sales.  We will most certainly end the year on a high note for overall sales. 

December is typically a soft month due to the holiday activity.  So when a say that, I’m still expecting December to be softer than the previous months activity.  All of this is happening with some of the most depressing economic news to date.  Not Bad!!!!  So if you are looking for positive news regarding our local home sale market, This is it!

The price band between $350K and $400K still has my curiousity.  I mentioned it in last week’s report as well.  There are still more home selections here with 54 homes and only 1more pending sale since last week.  Again, this is something to focus on if you are looking for motivated sellers.  This price band has to be more frustrating for the sellers.  If you would like me to email you the a list, please contact me anytime.  This is where I would be looking for the best buys!

This concludes this week’s report.  If you have any further questions or special requests, you may post a comment or email me.  If you don’t see information here that you feel is important, please let me know.  This is your resource and I am happy to give you as much information as you can possibly digest.  Have a good week!