South Lake Tahoe, CA Market Statistics
- All Sales in the last 365 Days
- Absorption Rates - Last 365 Days
- All 2011 South Lake Tahoe, CA Sales
- 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 2011 Stateline, NV Sales
- 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
What, Two Good National Real Estate News Reports in a Row?
February 3rd, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, Market Performance Updates, National real estate news
Quick, whoever heard of such a thing… the Sky must be Falling.
Astounding as it may seem, we’ve actually had some good, national real estate news jump out and bite us unexpectedly in the last few days. Ok, we admit, “good” news might be a stretch to some, but it’s certainly better than what its been in many a day.
| Discussion: Please leave a comment.
The $300,000 South Lake Tahoe, CA Home, Then and Now.
January 25th, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, Market Performance Updates, Median Sold Price Report, National real estate news, Sales Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA
Does one get More for their Money Now than Before, and if so, How Much?
This is a study to determine if one can get more home for their money in South Lake Tahoe today than before. If so, the next important question is how much more, and is it quantifiable?
To best do this we’ll focus on the two most objective factors available to look at the value of a home, which is its size and price per square foot. Lets also look at other more subjective factors such as condition, age and the availability of a newer home.
| Discussion: 3 Comments »
Some Things We Hear when we Report South Lake Tahoe Market Conditions, and Why.
January 21st, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, Market Performance Updates, Median Sold Price Report, South Lake Tahoe Statistics, South Lake Tahoe, CA
Comments that make us think: what if the market has already declined more than the numbers tell us?
What is that old saying about statistics? We’ve heard it came from Vin Scully, the famous announcer and voice of the Brooklyn and then later Los Angeles Dodgers since 1950.
Maybe too Vin heard it from somebody else, the originator of the adage perhaps. Nonetheless, in this case it’s what was said, rather than who said it first that’s important.
We’re sure many of you have heard it, but the old adage about statistics is this: “There are lies, damn lies, and statistics.”
| Discussion: 3 Comments »
Final Thoughts on the Effect of Foreclosed Home Sales on the 2008 South Lake Tahoe Real Estate Market.
January 13th, 2009 categories: For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, Sales Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA
A Downward Pull, for sure, but Foreclosures Can Give a False Read of South Lake Tahoe Home Values.
This will finish our series of articles on South Lake Tahoe 2008 foreclosed home sales. First lets look at the bottom line on the effect of home foreclosures, then we’ll detail the difference foreclosures makes on market value, followed by a summary effect of foreclosures, and we’ll finish with the actual statistics charts for all data involved.
The Bottom Line:
- Foreclosure sales are a separate market within the South Lake Tahoe, CA real estate market.
- One must remove foreclosure sales to understand current South Lake Tahoe, CA home values.
- Of the total 15% that South Lake Tahoe home values have declined since the market high in 2005, a third of that is attributable to the downward effect of 2008 foreclosure sales alone.
Please be sure to review the Summary Effect of Foreclosures below.
Statistics chart of all 2008 South Lake Tahoe Home Sales below.
Statistics chart of all 2008 South Lake Tahoe Foreclosed Home Sales below.
Statistics chart of all 2008 South Lake Tahoe with Foreclosed Home Sales removed below.
Why South Lake Tahoe Home Values decline less than one might think, here.
The Unique Characteristics of a Foreclosure, here.
| Discussion: Please leave a comment.
Home Values of 2008 South Lake Tahoe, CA Foreclosure Sales.
January 12th, 2009 categories: For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA
A Market Within A Market: think of foreclosures as a subset of South Lake Tahoe real estate sales.
Lets take a close look at the value of all 2008 South Lake Tahoe home foreclosure sales. We think to best do that, it’s important to distinguish the difference between a bank owned home sale vs. one that is not.
We will also provide a detailed chart of all 2008 South Lake Tahoe, CA home foreclosure sales below.
Read the rest of this entry »
| Discussion: 2 Comments »
About Lists of South Lake Tahoe Homes in Foreclosure
January 8th, 2009 categories: For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA
We’ve got one, but there’s things you need to know to stay on top of the South Lake Tahoe Foreclosure market.
First, the South Lake Tahoe, CA foreclosure list has never been fully complete, or accurate. It should be, and our multiple listing service (MLS) is just now making the "foreclosure field" on our search software mandatory to address the issue.
The key word here is "mandatory’, which means one can not mount a listing without that field being checked. A great example of why this has become required, rather than "voluntary", is of the 70 foreclosure sales in South Lake Tahoe in 2008, 31 of them can be not be found without having to go through each of South Lake Tahoe’s 354 sales in 2008 by hand. (It takes about 8 hours to thoroughly do so.)
| Discussion: Please leave a comment.
Why South Lake Tahoe Home Values do not decline as much one might think.
January 8th, 2009 categories: For Buyers, For Sellers, Foreclosures, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA
South Lake Tahoe is a resort… with limited growth… and fewer foreclosures.
Here at the beginning of a new year, with 2008 real estate data now complete, it makes sense that this is a good time to again explore South Lake Tahoe home values.
Perhaps the most significant new contributing factor that affected South Lake Tahoe home values in 2008 was the emergence of foreclosures as a subset of our market.
In fact foreclosed homes (or REO’s or bank owned properties) constituted 20% of all 2008 South Lake Tahoe single family home sales (70 out of 354 sales).
| Discussion: 2 Comments »
The State of the South Lake Tahoe, CA Real Estate Market Right Now!
January 5th, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, Market Performance Updates, South Lake Tahoe Statistics, South Lake Tahoe, CA
Five key South Lake Tahoe market indicators: Demand, Supply, Escrow, Prices, Absorption.
Here’s a summary of all key real estate market indicators for South Lake Tahoe, CA.
Demand in 2008 was essentially the same as it was in 2007 (19 less than 2007), 354 home sales v. 373 respectively. Supply is about the same as we normally see this time of year..
And prices, while some $35,000 lower on average than they were last year at this time, have been essentially the same for the last quarter.
| Discussion: Please leave a comment.
South Lake Tahoe Home Sales Performance in the last 365 Days
January 5th, 2009 categories: Lake Tahoe Real Estate
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 the same as it was last month, $390,000. This is based on all single family sales in South Lake Tahoe, CA in the last 180 calendar days, and the 2008 year-end home sales results as well.
What is different this month is that the median sold price for homes sold in the last 90 days is lower, and for the last 30 days is higher than the 180-day number. Last month both of these subsets were lower. It is normal to see fluctuations in both the 90-day and 30-day results when compared to the median sold price in the last 180 days. (see below)
All South Lake Tahoe home sales in the last 365 days, here.
| Discussion: 3 Comments »
South Lake Tahoe, CA Demand: Final 2008 Home Sales Absorption Rates
January 5th, 2009 categories: Absorption Rates, For Buyers, For Sellers, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA
Number 2008 South Lake Tahoe Home Sales is 19 less than a year ago.
We’ve completed the 2008 Absorption Rates for the South Lake Tahoe, CA real estate market. They are essentially the same as a year ago.
Find market-wide absorption rates for South Lake Tahoe, CA here.
Below is a bullet-point summary of 2008 housing demand in South Lake Tahoe.
| Discussion: 1 Comment »
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