Weekly Statistics As Of November 27th, 2008

November 27, 2008

Status Class Type Price Range No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      $395,000 – $399,999 2 $798,900 $399,450 $399,450 77
      $405,000 – $409,999 1 $405,000 $405,000 $405,000 70
      $410,000 – $414,999 1 $412,500 $412,500 $412,500 24
      $425,000 – $429,999 1 $429,000 $429,000 $429,000 66
      $445,000 – $449,999 2 $894,000 $447,000 $447,000 194
      $465,000 – $469,999 1 $465,000 $465,000 $465,000 638
      $475,000 – $479,999 2 $954,000 $477,000 $477,000 444
      $500,000 – $504,999 1 $500,000 $500,000 $500,000 30
      $545,000 – $549,999 1 $549,900 $549,900 $549,900 47
      $550,000 – $554,999 1 $550,000 $550,000 $550,000 207
      $555,000 – $559,999 1 $555,000 $555,000 $555,000 229
      $560,000 – $564,999 1 $563,299 $563,299 $563,299 147
      $585,000 – $589,999 3 $1,763,000 $587,667 $589,000 123
      $595,000 – $599,999 5 $2,987,900 $597,580 $599,000 175
      $610,000 – $614,999 1 $613,900 $613,900 $613,900 35
      $635,000 – $639,999 2 $1,278,000 $639,000 $639,000 124
      $645,000 – $649,999 1 $645,000 $645,000 $645,000 234
      $650,000 – $654,999 1 $650,000 $650,000 $650,000 70
      $685,000 – $689,999 1 $689,500 $689,500 $689,500 118
      $695,000 – $699,999 3 $2,093,000 $697,667 $699,000 324
      $715,000 – $719,999 2 $1,434,000 $717,000 $717,000 133
      $725,000 – $729,999 3 $2,179,500 $726,500 $725,000 180
      $745,000 – $749,999 1 $749,000 $749,000 $749,000 137
      $750,000 – $754,999 1 $750,000 $750,000 $750,000 113
      $775,000 – $779,999 1 $775,000 $775,000 $775,000 6
      $795,000 – $799,999 1 $799,000 $799,000 $799,000 42
      $845,000 – $849,999 3 $2,543,444 $847,815 $848,445 222
      $875,000 – $879,999 2 $1,750,000 $875,000 $875,000 186
      $885,000 – $889,999 1 $885,000 $885,000 $885,000 110
      $975,000 – $979,999 1 $975,000 $975,000 $975,000 153
      $990,000 – $994,999 1 $990,000 $990,000 $990,000 147
      $995,000 – $999,999 3 $2,985,000 $995,000 $995,000 488
      $1,050,000 – $1,054,999 1 $1,050,000 $1,050,000 $1,050,000 50
      $1,085,000 – $1,089,999 1 $1,088,000 $1,088,000 $1,088,000 74
      $1,090,000 – $1,094,999 2 $2,180,000 $1,090,000 $1,090,000 331
      $1,095,000 – $1,099,999 2 $2,190,000 $1,095,000 $1,095,000 453
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 92
      $1,145,000 – $1,149,999 1 $1,145,000 $1,145,000 $1,145,000 101
      $1,195,000 – $1,199,999 1 $1,195,000 $1,195,000 $1,195,000 436
      $1,200,000 – $1,204,999 1 $1,200,000 $1,200,000 $1,200,000 486
      $1,245,000 – $1,249,999 2 $2,498,000 $1,249,000 $1,249,000 195
      $1,250,000 – $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 193
      $1,295,000 – $1,299,999 2 $2,590,000 $1,295,000 $1,295,000 270
      $1,320,000 – $1,324,999 1 $1,320,000 $1,320,000 $1,320,000 135
      $1,385,000 – $1,389,999 1 $1,385,000 $1,385,000 $1,385,000 468
      $1,395,000 – $1,399,999 1 $1,399,000 $1,399,000 $1,399,000 136
      $1,425,000 – $1,429,999 1 $1,425,000 $1,425,000 $1,425,000 301
      $1,445,000 – $1,449,999 2 $2,894,000 $1,447,000 $1,447,000 141
      $1,495,000 – $1,499,999 2 $2,994,000 $1,497,000 $1,497,000 353
      $1,595,000 – $1,599,999 1 $1,595,000 $1,595,000 $1,595,000 212
      $1,600,000 – $1,604,999 1 $1,600,000 $1,600,000 $1,600,000 12
      $1,650,000 – $1,654,999 2 $3,300,000 $1,650,000 $1,650,000 160
      $1,750,000 – $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 131
      $1,785,000 – $1,789,999 1 $1,785,000 $1,785,000 $1,785,000 147
      $1,795,000 – $1,799,999 3 $5,385,000 $1,795,000 $1,795,000 294
      $1,950,000 – $1,954,999 1 $1,950,000 $1,950,000 $1,950,000 524
      $1,975,000 – $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 119
      $1,995,000 – $1,999,999 3 $5,985,000 $1,995,000 $1,995,000 148
      $2,100,000 – $2,104,999 2 $4,200,000 $2,100,000 $2,100,000 525
      $2,195,000 – $2,199,999 1 $2,195,000 $2,195,000 $2,195,000 321
      $2,275,000 – $2,279,999 1 $2,275,000 $2,275,000 $2,275,000 364
      $2,295,000 – $2,299,999 2 $4,590,000 $2,295,000 $2,295,000 178
      $2,300,000 – $2,304,999 1 $2,300,000 $2,300,000 $2,300,000 167
      $2,450,000 – $2,454,999 2 $4,900,000 $2,450,000 $2,450,000 108
      $2,455,000 – $2,459,999 1 $2,459,000 $2,459,000 $2,459,000 150
      $2,495,000 – $2,499,999 3 $7,485,000 $2,495,000 $2,495,000 124
      $2,550,000 – $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 620
      $2,580,000 – $2,584,999 1 $2,580,000 $2,580,000 $2,580,000 140
      $2,595,000 – $2,599,999 1 $2,595,000 $2,595,000 $2,595,000 346
      $2,700,000 – $2,704,999 1 $2,700,000 $2,700,000 $2,700,000 87
      $2,750,000 – $2,754,999 2 $5,500,000 $2,750,000 $2,750,000 314
      $2,795,000 – $2,799,999 2 $5,593,000 $2,796,500 $2,796,500 442
      $2,850,000 – $2,854,999 1 $2,850,000 $2,850,000 $2,850,000 623
      $3,390,000 – $3,394,999 1 $3,394,000 $3,394,000 $3,394,000 262
      $3,495,000 – $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 183
      $3,800,000 – $3,804,999 1 $3,800,000 $3,800,000 $3,800,000 436
      $3,895,000 – $3,899,999 1 $3,899,900 $3,899,900 $3,899,900 473
      $3,995,000 – $3,999,999 2 $7,994,999 $3,997,500 $3,997,500 129
      $4,495,000 – $4,499,999 1 $4,495,000 $4,495,000 $4,495,000 147
      $4,750,000 – $4,754,999 2 $9,500,000 $4,750,000 $4,750,000 378
      $4,950,000 – $4,954,999 1 $4,950,000 $4,950,000 $4,950,000 230
      $5,250,000 – $5,254,999 1 $5,250,000 $5,250,000 $5,250,000 547
      $5,395,000 – $5,399,999 1 $5,395,000 $5,395,000 $5,395,000 524
      $5,400,000 – $5,404,999 1 $5,400,000 $5,400,000 $5,400,000 218
      $5,500,000 – $5,504,999 2 $11,000,000 $5,500,000 $5,500,000 449
      $5,595,000 – $5,599,999 1 $5,595,000 $5,595,000 $5,595,000 191
      $5,895,000 – $5,899,999 1 $5,895,000 $5,895,000 $5,895,000 43
      $5,900,000 – $5,904,999 1 $5,900,000 $5,900,000 $5,900,000 192
      $5,950,000 – $5,954,999 2 $11,900,000 $5,950,000 $5,950,000 156
      $5,995,000 – $5,999,999 4 $23,980,000 $5,995,000 $5,995,000 362
      $6,495,000 – $6,499,999 1 $6,495,000 $6,495,000 $6,495,000 943
      $6,500,000 – $6,504,999 1 $6,500,000 $6,500,000 $6,500,000 7
      $7,495,000 – $7,499,999 1 $7,495,000 $7,495,000 $7,495,000 510
      $7,750,000 – $7,754,999 1 $7,750,000 $7,750,000 $7,750,000 15
      $9,495,000 – $9,499,999 1 $9,495,000 $9,495,000 $9,495,000 528
      $11,250,000 – $11,254,999 1 $11,250,000 $11,250,000 $11,250,000 472
      $32,500,000 – $32,504,999 1 $32,500,000 $32,500,000 $32,500,000 38
      $100,000,000 – $100,004,999 1 $100,000,000 $100,000,000 $100,000,000 797
      Sub Total 143 $446,940,742 $3,125,460 $1,445,000 247
New                
  RESIDENTIAL              
    Residential            
      $500,000 – $504,999 1 $500,000 $500,000 $500,000 2
      Sub Total 1 $500,000 $500,000 $500,000 2
Price Reduced                
  RESIDENTIAL              
    Residential            
      $500,000 – $504,999 1 $500,000 $500,000 $500,000 84
      $750,000 – $754,999 1 $750,000 $750,000 $750,000 139
      $1,995,000 – $1,999,999 1 $1,995,000 $1,995,000 $1,995,000 408
      Sub Total 3 $3,245,000 $1,081,667 $750,000 210
                 
Grand Totals 147 $450,685,742 $3,065,889 $1,425,000 245
Status Class Type Price Range No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $325,000 – $329,999 1 $329,900 $329,900 $329,900 30
      $625,000 – $629,999 1 $629,900 $629,900 $629,900 56
      $2,995,000 – $2,999,999 1 $2,995,000 $2,995,000 $2,995,000 1133
      $4,995,000 – $4,999,999 1 $4,995,000 $4,995,000 $4,995,000 222
      Sub Total 4 $8,949,800 $2,237,450 $1,812,450 360
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $355,000 – $359,999 1 $357,500 $357,500 $357,500 92
      Sub Total 1 $357,500 $357,500 $357,500 92
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $1,495,000 – $1,499,999 1 $1,495,000 $1,495,000 $1,495,000 92
      Sub Total 1 $1,495,000 $1,495,000 $1,495,000 92
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      $400,000 – $404,999 1 $400,000 $400,000 $400,000 63
      Sub Total 1 $400,000 $400,000 $400,000 63
                 
Grand Totals 7 $11,202,300 $1,600,329 $629,900 241

These statistics were derived from the Northern Nevada Regional Multiple Listing Service (NNRMLS).  There are two charts which are Active listings currently on the market and current Pending Sales.  The numbers were derived for single family homes on the East Shore of Lake Tahoe in Nevada.

I use these statistics to track trends in the market activity.  With 147 active listings and 7 pending sales, this equates to 4.5%.  This is my first record for Nevada so I don’t have anything past stats to compare with.  However, based on my experience of the past, this is low compared to the peak of the market activity in 2005, which was closer to 7%.  When compared to across the border in South Lake Tahoe, CA., it is slower activity.  Comparatively, the California side has always been more active than the Nevada side.

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