South Lake Tahoe Real Estate News: Stateline, NV Escrow Report

May 18th, 2010 categories: Escrow Report, For Buyers, For Sellers, Foreclosures, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, Major Market Reports, South Lake Tahoe Statistics, Stateline, NV

Stateline, NV Escrow - South Lake Tahoe Real Estate MarketHomes in Escrow in the Stateline, NV area of South Lake Tahoe.

At present there are 20  homes in escrow.  That same number was 16 a month ago (see chart below). 45% of these homes in escrow are distressed sales. (REOs or short sales). That same number was 53.3%% a month ago.

All Current Escrow – Stateline, NV, plus statistics, here

Escrow Summary:

Here’s what the latest escrow information tells us about current market conditions in Stateline, NV:

  • The Median Price for the homes in escrow is $1,180,056 (not including Lake Front Properties and homes in Glenbrook).
  • It was $765,966 a month ago, and $437,000 three months ago. (See study about "conformity" and foreclosures here.)
  • Escrow normally takes about 60 days, except for short sales which take much longer.
  • The homes in escrow now generally reflect buying activity from February forward.

Stateline, NV Current Escrow - South Lake Tahoe Real Estate MarketEscrow and Inventory:
The chart tracks the number of listed homes and those in escrow since November of 2006.

  • There are 109 available listings in Stateline, NV right now.
  • There are 20  homes in escrow.
  • This is 6 more homes in escrow than at this time last year.
  • There are 20 less homes on the market now as compared to this time last year.

Escrow and Foreclosures:
Of the 20 homes currently in escrow in Stateline, NV:

  • 9 are distressed sales (45%)
    • 9 are short sales
    • None is a bank owned property (REO)

Recent  Stateline, NV Escrow Reports:

March 27, 2010 Escrow Report, here.
December 20, 2009 Escrow Report, here.
November 2, 2009 Escrow Report, here.
August 16, 2009 Escrow Report, here.
July 21, 2009 Escrow Report, here.
May 12, 2009 Escrow Report, here.
April 5, 2009 Escrow Report, here.
March 16, 2009 Escrow Report, here.
February 9, 2009, More Homes in Escrow than Usual, here.
December 31, 2008 Escrow Report, here.
 

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This entry was posted on Tuesday, May 18th, 2010 at 11:08 am and is filed under Escrow Report, For Buyers, For Sellers, Foreclosures, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, Major Market Reports, South Lake Tahoe Statistics, Stateline, NV. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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