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South Lake Tahoe, CA Market Statistics

Stateline, NV Market Statistics

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South Lake Tahoe, NV Home Sales in the last 365 days

February 11th, 2010 categories: For Buyers, For Sellers, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, Major Market Reports, Market Performance Updates, South Lake Tahoe Statistics, Stateline, NV

Stateline, NV Real Estate Values in South Lake Tahoe.

We’ve just updated the market performance in the last 365 days 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 $515,000 for all sales in the last 365 days. This is a decline of 40% 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 the effect of foreclosure here.

Note the 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.

(stats and charts below)

Your Spreadsheets:
The link here 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 up, kinda:
- There have been 40 single family home sales in the last 180 days.
- That same 18–day number was 49 last August.
- There have been 82 single family home sales in the last 365 days.
- That same 365-day number was 82 last August.
- There were 71 sales in 2008.
- There were 74 home sales in 2007
- 89 home sales in 2006
- 140 in 2005
- 177 in 2004
- 131 in 2003.

Median sold price in the last 180 days is $542,500 (not including Lake Front Properties and Glenbrook).
- It was $550,000 in December.
- It was $510,000 last August.

Distressed Sales:

Of the 88 single family homes sold in the last 365 days, 37 (42%) were distressed sales:
- 31 bank owned (REOs)
- 6 short sales

Of the 40 single family homes sold in the last 180 days, 16 (40%) were distressed sales:
- 11 bank owned (REOs)
- 5 short sales

Of the 17 single family homes sold in the last 90 days, 6 (35.3%) were distressed sales:
- 3 bank owned (REOs)
- 3 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)