Pioneer Trail, So. Lake Tahoe- 1st Quarter 2013 Market Comparison Report
The South Lake Tahoe real estate report for the Pioneer Trail neighborhood as of March 31, 2013 shows positive notes in all of the categories we follow. When comparing the first quarter of 2013 to the same period during 2012, we find that the number of sales and the median sale price are up. Further improvements were seen in regards to the median dollar per square foot and the median days on the market (the time a home is on the market from the listing date to the close of the sale.)
The picture graph shows the median home prices averaged over the previous twelve months.
Following are the actual comparisons for the various categories mentioned above as compared to those reported in 2012.
| 2013 1st Quarter Comparison | 2013 | 2012 |
|---|---|---|
| Number of Sales | 4 | 2 |
| Median Home Price | $370,500 | $177,500 |
| Average List to Sale Ratio | 97.6% | 97.6% |
| Median Dollar Per Square Foot | $175 | $136 |
| Days on the Market | 75 | 106 |
Current Market Conditions
As of April 10, 2013, the Pioneer Trail neighborhood reports 12 homes on the market (active and in escrow) ranging from a minimum of $179,000 to $865,000. The basic law of supply and demand is described in real estate terms as the “absorption rate.” Absorption rate (or monthly supply of inventory) are a calculation based upon the rate of closed sales to active listings. It is an accurate way to keep track of market trends. A balanced market is when there is a six-month supply of homes indicating that there are enough inventories to supply the demand. Less than six months is considered a seller’s market and greater than six months is a buyer’s market. As of March 31, 2013 the Pioneer Trail neighborhood is reporting a month supply of 2 as compared to 5.5 at the same time in 2012.
The above information is taken from statistics provided by the South Lake Tahoe Association of REALTORS® Multiple Listing Services and while deemed to be accurate, are not guaranteed.
North Upper Truckee 1 & 2, So. Lake Tahoe- 1st Quarter 2013 Market Comparison Report
The South Lake Tahoe real estate report for the North Upper Truckee neighborhood as of March 31, 2013 shows positive notes in all of the categories we follow. When comparing the first quarter of 2013 to the same period during 2012, we find that the median sale price is up as is the list to sale price ratio. Further improvements were seen in regards to the median dollar per square foot and the median days on the market (the time a home is on the market from the listing date to the close of the sale.) Following are the actual comparisons for the various categories mentioned above as compared to those reported in 2012.
| 2013 1st Quarter Comparison | 2013 | 2012 |
|---|---|---|
| Number of Sales | 8 | 8 |
| Median Home Price | $486,000 | $244,500 |
| Average List to Sale Ratio | 97.6% | 93.3% |
| Median Dollar Per Square Foot | $228 | $174 |
| Days on the Market | 73 | 135 |
Current Market Conditions
As of March 31, 2013, the North Upper Truckee neighborhood reports 22 homes on the market (active and in escrow) ranging from a minimum of $199,000 to $1,395,000. The basic law of supply and demand is described in real estate terms as the “absorption rate.” Absorption rate (or monthly supply of inventory) are a calculation based upon the rate of closed sales to active listings. It is an accurate way to keep track of market trends. A balanced market is when there is a six-month supply of homes indicating that there are enough inventories to supply the demand. Less than six months is considered a seller’s market and greater than six months is a buyer’s market. As of March 31, 2013 the North Upper Truckee neighborhood is reporting a month supply of 6.6 as compared to 13.2 at the same time in 2012.
The above information is taken from statistics provided by the South Lake Tahoe Association of REALTORS® Multiple Listing Services and while deemed to be accurate, are not guaranteed.
Montgomery Estates, So. Lake Tahoe- 1st Quarter 2013 Market Comparison Report
The South Lake Tahoe real estate report for the Montgomery Estates neighborhood as of March 31, 2013 shows positive notes in most the market categories we follow. When comparing the first quarter of 2013 to the same period during 2012, we find that the median sale price is up, the list to sale price rose slightly and the dollar per square foot increased. The homes also spent less time on the market than the ones in first quarter of 2012. Following are the actual comparisons for the various categories mentioned above as compared to those reported in 2012.
| 2013 1st Quarter Comparison | 2013 | 2012 |
|---|---|---|
| Number of Sales | 6 | 5 |
| Median Home Price | $419,750 | $265,000 |
| Average List to Sale Ratio | 95.5% | 101.9% |
| Median Dollar Per Square Foot | $181 | $146 |
| Days on the Market | 180 | 85 |
Current Market Conditions
As of March 31, 2013, the Montgomery Estates neighborhood reports 16 homes on the market (active and in escrow) ranging from a minimum of $275,000 to $785,000. The basic law of supply and demand is described in real estate terms as the “absorption rate.” Absorption rate (or monthly supply of inventory) are a calculation based upon the rate of closed sales to active listings. It is an accurate way to keep track of market trends. A balanced market is when there is a six-month supply of homes indicating that there are enough inventories to supply the demand. Less than six months is considered a seller’s market and greater than six months is a buyer’s market. As of March 31, 2013 the Montgomery Estates neighborhood is reporting a month supply of 4.4 as compared to 8.2 at the same time in 2012.
The above information is taken from statistics provided by the South Lake Tahoe Association of REALTORS® Multiple Listing Services and while deemed to be accurate, are not guaranteed.
Meyers, So. Lake Tahoe- 1st Quarter 2013 Market Comparison Report
The South Lake Tahoe real estate report for the Meyers neighborhood as of March 31, 2013 shows positive notes in most of the categories we follow. When comparing the first quarter of 2013 to the same period during 2012, we find that the number of sales, the median sale price and the median dollar per square foot are all up. The list to sale price was down slightly and the homes were on the market for a little bit longer but overall the report looks good. Following are the actual comparisons for the various categories mentioned above as compared to those reported in 2012.
The picture graph shows the median price averaged over the past twelve months. Here again, we see positive trends.
| 2013 1st Quarter Comparison | 2013 | 2012 |
|---|---|---|
| Number of Sales | 6 | 6 |
| Median Home Price | $332,450 | $206,000 |
| Average List to Sale Ratio | 101% | 96% |
| Median Dollar Per Square Foot | $186 | $169 |
| Days on the Market | 48 | 108 |
Current Market Conditions – March 31, 2013
As of March 31, 2013, the Meyers neighborhood reports 10 homes on the market (active and in escrow) ranging from a minimum of $150,000 to $449,900. The basic law of supply and demand is described in real estate terms as the “absorption rate.” Absorption rate (or monthly supply of inventory) are a calculation based upon the rate of closed sales to active listings. It is an accurate way to keep track of market trends. A balanced market is when there is a six-month supply of homes indicating that there are enough inventories to supply the demand. Less than six months is considered a seller’s market and greater than six months is a buyer’s market. As of March 31, 2013 the Meyers neighborhood is reporting a month supply of 3.2 as compared to 7.3 at the same time in 2012.
The above information is taken from statistics provided by the South Lake Tahoe Association of REALTORS® Multiple Listing Services and while deemed to be accurate, are not guaranteed.
Country Club Estates, So. Lake Tahoe- 1st Quarter 2013 Market Comparison Report
The South Lake Tahoe real estate report for the Country Club Estates neighborhood as of March 31, 2013 shows positive notes in almost all of the categories we follow. When comparing the first quarter of 2013 to the same period during 2012, we find that the median sale price is up and the number of sales rose slightly. The median dollar per square foot also rose during the first quarter. Following are the actual comparisons for the various categories mentioned above as compared to those reported in 2012.
2013 1st Quarter Comparison 2013 2012 Number of Sales 6 5 Median Home Price $419,750 $265,000 Average List to Sale Ratio 95.5% 101.9% Median Dollar Per Square Foot $181 $146 Days on the Market 180 85
Current Market Conditions
As of March 31, 2013, the Country Club Estates neighborhood reports 12 homes on the market (active and in escrow) ranging from a minimum of $219,000 to $875,000. The basic law of supply and demand is described in real estate terms as the “absorption rate.” Absorption rate (or monthly supply of inventory) are a calculation based upon the rate of closed sales to active listings. It is an accurate way to keep track of market trends. A balanced market is when there is a six-month supply of homes indicating that there are enough inventories to supply the demand. Less than six months is considered a seller’s market and greater than six months is a buyer’s market. As of March 31, 2013 the Country Club Estates neighborhood is reporting a month supply of 5.8 as compared to 7.3 at the same time in 2012.
The above information is taken from statistics provided by the South Lake Tahoe Association of REALTORS® Multiple Listing Services and while deemed to be accurate, are not guaranteed.