Weekly Statistics As Of October 4th, 2008

Listings per Status
Minimum, Average, Maximum
Days On Market Analysis
$1,000,000 thru $1,249,999	18	179
$1,250,000 thru $1,499,999	17	209
$1,500,000 thru $1,749,999	9	284
$1,750,000 thru $1,999,999	5	150
$2,000,000 thru $2,249,999	2	415
$2,250,000 thru $2,499,999	3	91
$2,500,000 thru $2,749,999	3	96
$2,750,000 thru $2,999,999	1	636
$3,000,000 thru $3,249,999	2	370
$3,250,000 thru $3,499,999	1	136
$3,750,000 thru $3,999,999	1	115
$5,000,000 thru $5,999,999	1	67
$7,000,000 thru $7,999,999	2	475
	443	169

Summary Price Information
Minimum	$189,000	Maximum	$7,950,000
Average	$732,416	Median	$539,000

 

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 10/04/08 at 11:04am

 

Pending Listing Price Range  Quantity      Average DOM   $160,000 thru $179,999 1 170   $200,000 thru $249,999 5 104   $250,000 thru $299,999 10 95   $300,000 thru $349,999 10 149   $350,000 thru $399,999 9 91   $400,000 thru $449,999 6 298   $450,000 thru $499,999 3 51   $500,000 thru $549,999 4 399   $550,000 thru $599,999 2 161   $600,000 thru $649,999 3 292   $650,000 thru $699,999 6 200   $700,000 thru $749,999 1 330   $750,000 thru $799,999 3 201   $800,000 thru $849,999 2 118   $850,000 thru $899,999 1 132   $950,000 thru $999,999 2 436   $1,000,000 thru $1,249,999 1 256   $1,750,000 thru $1,999,999 2 290   $2,250,000 thru $2,499,999 1 120     72 181

Summary Price Information Minimum  $174,900 Maximum  $2,300,000 Average  $541,606 Median  $424,000

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM mRapattoni Corporation. All rights reserved.ay not reflect total days property has been on market Copyright ©2008

You’ll notice that there are three charts above: Pie chart, Pending Sales and Active Listings.  These charts are numbers that are derived directly from the South Tahoe Association Of Realtors Multiple Listing Service (STAORMLS).  The numbers are a result of searching for single family homes in the city and county only. 

If you watch these numbers on a weekly basis, you will notice a trend.  If you look look at the various Price Bands and Days On Market (DOM), you will be able to track the trends with more meaning detail.

A more interesting trend to track is the percentage of pending sales to total listings on the market.  This will give you a general ideal of overall market activity.  At about 13.9%, the market as declined from the previous week which was above 14% which is the highest it’s been all year.  For most of the year, we have been averaging closer to 12%.  Historically, we should see this percentage drop as we draw closer to the winter season.