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Stateline, NV Market Statistics

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South Lake Tahoe Real Estate Update: Stateline, NV Home Sales in the last 365 Days

June 16th, 2009 categories: For Buyers, For Sellers, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, Market Performance Updates, Stateline, NV

Real Estate Market Demand for Stateline, NV side of South Lake Tahoe.

We’ve just updated the market performance for the Stateline, NV side of the South Lake Tahoe real estate market.

The Median Sold Price, not including Lake Front and Glenbrook properties, is now $500,000 for all sales in the last 365 days. (This same number was $525,000 a month ago.) This is a decline of 41% off the median sold price of $854,500 in 2007.

It is important to note that the significant contributing factor to this decline is due to the effect of foreclosed home sales on the market. Study on the unique characteristics of our resort market as it relates to foreclosure effect here.

Note that we have recently added a new category below that addresses distressed sales (foreclosures and short sales). More than any other contributing factor, it is sales of distressed properties that characterizes our current real estate climate.

To best look at overall market performance, we provide market data for the last 365 days, plus separate looks at 180 days, at 90 days and the last 30 days, here.

(click "read the rest of this entry" below)

Your Spreadsheets:
The link “Stateline, NV – Market Performance” in our left sidebar will lead one to the data. The information is found on spreadsheets that contain all sales for each of the four time periods above: 365, 180, 90 and 30 days.

Current Sales Summary: An Opportunity for Buyers
Here are the current market conditions as documented by the last 180 days:

Demand is slightly down:
- There have been 33 single family home sales in the last 180 days.
- This same number was also 33 a month ago.
- There have been 71 single family home sales in the last 365 days.
- This same number was 69 a month ago.
- There were 71 sales in 2008.
- There were 74 home sales in 2007
- 89 home in 2006
- 140 in 2005
- 177 in 2004
- 131 in 2003.

Median sold price in the last 180 days is $505,000 (not including Lake Front Properties and Glenbrook).
- It was $510,000 a month ago.
- For the last 365 days it is $500,000.
- It was $525,000 a month ago.

Average List Price in the last 180 days is $623,347 (not including Lake Front properties and Glenbrook)

Average Sold Price in the last 180 days is: $544,277 (not including Lake Front properties and Glenbrook)
- It was $548,804 a month ago.
- It was $622,050 two months ago.

Average Days on Market in the last 180 days is 146.
- It was 129 a month ago.

Average Sq. Ft. Price is $272 (not including Lake Fronts and Glenbrook).
- It was $268 a month ago.

Average Size is 2,326 Sq. Ft. (not including Lake Fronts and Glenbrook).

Distressed Sales:

Of the 71 single family homes sold in the last 365 days, 26 (37.7%) were distressed sales:
- 23 bank owned (REOs)
- 3 short sales

Of the 33 single family homes sold in the last 180 days, 16 (48.5%) were distressed sales:
- 15 bank owned (REOs)
- 1 short sale

Of the 22 single family homes sold in the last 90 days, 9 (40.9%) were distressed sales:
- 9 bank owned (REOs)
- 0 short sales

We offer this information as a public service. It is the most complete and current information on the Stateline, NV side of our South Lake Tahoe Real Estate Market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Please comment in the box below)