South Lake Tahoe, CA Market Statistics
- All Sales in the last 365 Days
- Absorption Rates - Last 365 Days
- All 2010 South Lake Tahoe, CA Sales
- All 2009 South Lake Tahoe, CA Sales
- All Current Escrow - South Lake Tahoe, CA
- Al Tahoe, CA
- Bijou, CA
- Black Bart, CA
- Christmas Valley, CA
- Gardner Mountain, CA
- Heavenly Valley, CA
- Highland Woods, CA
- Meyers, CA
- Montgomery Estates, CA
- Pioneer Trail, CA
- North Upper Truckee, CA
- Sierra Tract, CA
- S. Lake Tahoe Condos, CA
- The Tahoe Keys Condos, CA
- Stateline Area, CA
- Tahoe Island Drive, CA
- Tahoe Island Park, CA
- The Tahoe Keys, CA
- Tahoe Paradise, CA
- Y Area, CA
Stateline, NV Market Statistics
- All Sales in the Last 365 Days
- Absorption Rates - Last 365 Days
- All 2010 Stateline, NV Sales
- All 2009 Stateline, NV Sales
- All Current Escrow - Stateline, NV
- Cave Rock, NV
- Glenbrook, NV
- Hidden Woods, NV
- Kingsbury (Lower), NV
- Kingsbury (Middle), NV
- Kingsbury (Upper), NV
- Lakefront Properties, NV
- Round Hill, NV
- Skyland, NV
- Summit Tahoe Village (Condos), NV
- Lake Village TownHomes, NV
- Zephyr Heights, NV
Stat Counter
Archive for April, 2009
Update on The Auction You Can’t Refuse
April 17th, 2009 categories: About Us, For Sellers, Lake Tahoe Real Estate
Major Funding Event for Stateline, NV Elementary, Middle and High Schools
As some of you may know I got "volunteered" to help our local schools orgainze one of the major fundraisers. And I’m glad I did. It’s a lot of work putting this event together, and I’ll continue updating our progress, but whats so much fun is we really are doing something of real value for each and every child in our schools.
I’m also meeting more school staff, teachers and parents than I would ever otherwise, and this has been, and continues to be a great joy for me, Gary and our families.
Here’s a piece we put out yesterday to all parents who have children in grades K-12, and the staff at each school as well.
If you are here, support the event, buy tickets and come. If you’re afar, well… the last time I mentioned this event here a guy who read about it in Austin, Texas, who not only has no child at our schools, but none on the planet (that he knows of) donated $500 to our schools, and he’s flying in for the event as well.
This certainly begs the question "if somebody in Texas, with no dog in the hunt so to speak, can donate $500 to our schools, what about you?"
Below is yesterdays parent email blast about some of the key auction items for the event. I hope you enjoy.
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South Lake Tahoe Median Sold Price
April 14th, 2009 categories: Lake Tahoe Real Estate
Down 22% in last 180-days from the South Lake Tahoe 2007 High. (Down 29% in 2009 sales alone.)
The chart below indicates the South Lake Tahoe median sold price of home sales for the last two years.
As you may know, this is something we consistently track as one of the key indicators of South Lake Tahoe real estate market performance.
What’s different in the current climate of our real estate market is the effect that distressed sales (bank owned properties, or REOs, and short sales) has on overall home values. ($30,500 or 8%)
Sales of distressed properties are included in the current median sold price. They have also been included in every median sold price report we have done for the last two years, which are found in the chart below as well.
Median sold prices in South Lake Tahoe, CA for the last 365 days, here.
Foreclosure report, which details the differences between a distressed home sale and one that is not, here.
The Effect of Foreclosures on Current South Lake Tahoe, CA Home Values, here.
Why Foreclosures will not affect South Lake Tahoe, CA Home Values as much as One Might Think, here.
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The Effect of Foreclosure on Current South Lake Tahoe Home Values.
April 13th, 2009 categories: For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA
A 29% difference in value, and an 8% drain on the South Lake Tahoe Median Sold Price.
There are significant differences between the physical characteristics of a current home sold in South Lake Tahoe that is in foreclosure and one that is not. The post directly below details these differences (here).
There are also differences in the value of a home in foreclosure vs. one that is not. The chart below details these differences.
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South Lake Tahoe, CA Real Estate Update: Foreclosure Report
April 10th, 2009 categories: For Sellers, Foreclosures, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA
There is a Difference between a South Lake Tahoe home in foreclosure… and one that is not!
Because distressed property sales have had a meaningful effect on both South Lake Tahoe home sales and home values, we’re adding this new report to monthly update features on our real estate market.
What this report will focus on mostly is the difference between a home that has sold that is in foreclosure, and one that has sold that is not in foreclosure. There are significantly different market trends and forces between them, and we think it’s important for you to know what they are.
These differences are so striking, we’re convinced we have a market within a market here in South Lake Tahoe. We also think it would be best if you thought so too, but we also realize that for some this could likely be rather academic.
It won’t be academic, though, if and when one is interested in taking advantage of increasingly good opportunities to buy a home here. One can not apply foreclosure forces on a house that is not in forclosure (study on this here).
For this report we’ll be looking at the chart below. Note there are three columns of statistics; one of all 2009 South Lake Tahoe home sales, one of all 2009 South Lake Tahoe foreclosed home sales and one of all 2009 sales that are not in foreclosure. It is in comparing these charts that the important differences between foreclosed home sales and those that are not become evident.
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South Lake Tahoe, CA Real Estate Update: Home Sales in the last 365 Days
April 10th, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, Market Performance Updates, South Lake Tahoe Statistics, South Lake Tahoe, CA
Home Sales Summaries for South Lake Tahoe, CA.
We’ve updated your real estate home sales summaries and Market Performance for South Lake Tahoe, CA.
The median sold price has remained essentially the same as it was last month, $361,000. (It was $365,000 on Mar. 18th.) This is based on all single family sales in South Lake Tahoe, CA in the last 180 calendar days (Tahoe Keys homes not included). The median sold price for the last 365 days is now $375,000. (It was also that on Feb 18th.)
Perhaps the key contributing factor to the decline we have seen in overall value is the effect of foreclosed home sales on our market.
Since the first of this year, we have seen an increase in the percentage of both foreclosed homes sold and those in escrow. Of all homes sold in South Lake Tahoe in 2008, about 20% of them were in foreclosure.
In general the foreclosed home sold in 2008 was $70,000 less in value than a home that was not bank owned. It was also older by an average of 6 yrs, smaller by a range between 12% to 20% depending on price range, and in less desirable condition (review of study, here)
At present 42.9% of South Lake Tahoe 2009 home sales are distressed properties (compared to 20% of all 2008 home sales).
Of the 58 homes currently in escrow, 39% of these are also in foreclosure (down from 51% a month ago).
All South Lake Tahoe home sales in the last 365 days, here.
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South Lake Tahoe, CA Housing Demand: Absorption Rates Report
April 9th, 2009 categories: Absorption Rates, For Buyers, For Sellers, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA
The Number of Single Family Homes Sold Per Month in South Lake Tahoe, CA.
We’ve updated the Absorption Rates for your South Lake Tahoe, CA real estate market. This the best method there is for tracking South Lake Tahoe housing demand over time.
Find market-wide absorption rates for South Lake Tahoe, CA here.
Below is a bullet-point summary of the current housing demand in South Lake Tahoe.
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South Lake Tahoe, CA Real Estate Update: All 2009 Home Sales
April 7th, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, Market Performance Updates, Median Sold Price Report, Sales Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA
South Lake Tahoe 2009 Single Family Home Sales to date.
We have just updated all 2009 South Lake Tahoe, CA residential home sales. As of today, there have been 77 home sales in South Lake Tahoe, CA this year.
Note that we have recently added a new category below that addresses the number of bank owned properties (REOs) and short sales v. those that are not. This can also be viewed on our spreadsheets and stat charts as well (links directly below).
All South Lake Tahoe 2009 home sales here.
Statistics for all 2009 home sales here.
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South Lake Tahoe, CA Real Estate Update: Escrow Report
April 7th, 2009 categories: Escrow Report, For Buyers, For Sellers, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA
All South Lake Tahoe, CA Homes in Escrow… a few more than this time last year.
We have just updated the South Lake Tahoe Real Estate Market Escrow Report. There are 58 homes in escrow at present.
This is 15.1% of the current 385 homes on the market in South Lake Tahoe, CA. Throughout 2009 the percentage of homes in escrow has ranged from 9.5% to 15.1%. There were 11.7% of available homes in escrow at this same time last year.
Note that we had recently added a new category below that addresses the number of bank owned properties (REOs) and short sales in escrow v. those that are not. You’ll also find this on our spreadsheets and statistics charts as well. (here)
All homes in escrow, here.
Statistics on all homes in escrow here.
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Sparks on the South Lake Tahoe Housing Horizon.
April 5th, 2009 categories: For Buyers, For Sellers, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, National real estate news, South Lake Tahoe Statistics, South Lake Tahoe, CA, Stateline, NV
Does this mean good news for our South Lake Tahoe real estate market?
We starting to see intermittent sparks on our South Lake Tahoe housing horizon. We won’t get too excited, and we certainly won’t call this a perfect storm, but there are a few undercurrent sizzles of encouragement, and you know these days we’ll take anything resembling healthy housing news we can get.
We don’t have our fingers crossed… yet, nor have we succumbed to the sway of Doubting Thomas, but the low spark of housing recovery has to start somewhere.
Here’s encouraging signs, and time will soon enough tell if this is it, or not. And in the meantime we’re sending out smoke signals for Sparky to stay.
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Home Sales per Month in Stateline, NV area of South Lake Tahoe.
April 5th, 2009 categories: For Buyers, For Sellers, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, Sales Reports, South Lake Tahoe Statistics, Stateline, NV
9 Home Sales in Stateline, NV area of South Lake Tahoe in the last 30 days is good cause for review
Every now and then we like to take a wide look at where we are, and it was while we were just updated our Stateline, NV area of South Lake Tahoe housing demand that we got a bit of a surprise.
We haven’t had 9 home sales in a month in a while (6 months to be exact), and we haven’t had 9 home sales in the month of March since 2005.
The chart below indicates the number of home sales per month in Stateline, NV of South Lake Tahoe since 2003.
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