A Closer Look at South Lake Tahoe, CA Real Estate Home Sales

June 16th, 2010 categories: For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, Major Market Reports, Sales Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA

Analysis, sometimes, is a very good thing.Distressed Property Sales Still Have an Effect on South Lake Tahoe, CA Real Estate Home Sale Trends.

The chart below is an easy side-by-side comparison of what we're seeing in South Lake Tahoe, CA real estate home sales trends at present.

The post below discusses 2010 South Lake Tahoe, CA home sales in general.

Total number sales: 208
Bank owned sales (REOs): 72
Short Sales: 36
Non distressed sales: 100

 The Bottom Line :
Here's some of the main points we are currently noticing:

  • There is a $37,500 difference (9.8%) between the median sold price of a short sale and a home that is not:
  • The median price difference between a short sale and a bank owned home is $99,750, or 40.7%.
  • It takes 167 days longer to sell a short sale than a bank owned home, or 203.1% longer.
  • It takes 79 days longer to sell a short sale than a non-distressed sale, or 31.6% more.
  • It takes 88 days longer to sell a non-distressed home than a bank owned home, or 107.3% more.
  • The effect of distressed properties on the median sold price is $60,500, or an 15.8% downward pull on median market value.
  • Sales of Tahoe Keys properties adds 4% to the South Lake Tahoe, CA median sold price.

Of all 208 South Lake Tahoe, CA single family home sales to date:

  • 34.6% are bank owned
  • 17.3% are short sales
  • 51.9% are distressed sales (both REOs and short sales)
  • 48.1% are not distressed properties

2010 South Lake Tahoe, CA sales to date

Some previous South Lake Tahoe, CA sales reports:

June 15, 2010, South Lake Tahoe, CA Real Estate News: 2010 Home sales to Date
April 25, 2010, South Lake Tahoe, CA Real Estate News: 2010 Listings Sold
April 7, 2010, Some Observations on 2010 South Lake Tahoe Home Sales to date
February 22, 2010, South Lake Tahoe, CA 2010 Real Estate Home Sales
January 7, 2010, Final 2009 South Lake Tahoe, CA Home Sales

Become a Fan on Facebook | Follow us on Twitter | Our Tahoe Keys page |

Tags: , , , ,

This entry was posted on Wednesday, June 16th, 2010 at 3:36 pm and is filed under For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, Major Market Reports, Sales Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA. 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.

Leave a Reply

You must be logged in to post a comment.

Real Esate Tomato Chiclet