Heavenly Neighborhood, So. Lake Tahoe- 2012 4th Quarter Real Estate Market Update
The South Lake Tahoe real estate report for the Heavenly neighborhood as of December 31, 2012 shows positive notes in most of the categories followed below. When comparing the fourth quarter of 2012 to the same period during 2011, we find that the number of closed sales is down, however, the median sale price is up. The time on the market was less for these sales and the dollar per square foot increased over the past year. The list to sale ratio slightly decreased from 2011. Following are the actual comparisons for the various categories mentioned above as compared to those reported in 2011.
| 2012 4th Quarter Comparison | 2012 | 2011 |
|---|---|---|
| Number of Sales | 7 | 11 |
| Median Home Price | $335,000 | $325,000 |
| Average List to Sale Ratio | 93.3% | 95.6% |
| Median Dollar Per Square Foot | $222 | $173 |
| Days on the Market | 133 | 164 |
Current Market Conditions – January 2, 2013
As of January 2, 2013, the Heavenly neighborhood reports 7 homes on the market ranging from a minimum of $279,000 to $1,899,000. 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 December 31, 2012 the Heavenly neighborhood is reporting an average monthly supply of 6 as compared to 13.9 at the same time in 2011.
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.
Highland Woods Neighborhood, So. Lake Tahoe- 2012 4th Quarter Real Estate Market Update
The South Lake Tahoe real estate report for the Highland Woods and Highland Woods PUD neighborhood as of December 31, 2012 shows positive notes in all of the categories followed below. When comparing the fourth quarter of 2012 to the same period during 2011, we find that the number of closed sales is up as well as the median sale price. The time on the market was less for these sales and the dollar per square foot increased over the past year. The list to sale ratio also increased slightly. Following are the actual comparisons for the various categories mentioned above as compared to those reported in 2011.
| 2012 4th Quarter Comparison | 2012 | 2011 |
|---|---|---|
| Number of Sales | 3 | 1 |
| Median Home Price | $271,700 | $168,000 |
| Average List to Sale Ratio | 97% | 96% |
| Median Dollar Per Square Foot | $187 | $138 |
| Days on the Market | 189 | 216 |
Current Market Conditions – January 2, 2013
As of January 2, 2013, the Highland Woods neighborhood reports just 2 homes on the market ranging from a minimum of $408,000 to $449,000. 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 December 31, 2012 the Highland Woods neighborhood is reporting an average monthly supply of 2.6 as compared to 6.6 at the same time in 2011.
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.
Sierra Tract Neighborhood, So. Lake Tahoe- 2012 4th Quarter Real Estate Market Update
The South Lake Tahoe real estate report for the Sierra Tract neighborhood as of December 31, 2012 shows positive notes in all of the categories followed below. When comparing the fourth quarter of 2012 to the same period during 2011, we find that the number of closed sales is up as well as the median sale price. The time on the market was less for these sales and the dollar per square foot increased over the past year. The list to sale ratio also increased to above $100% (most likely due to short sales and foreclosures). Following are the actual comparisons for the various categories mentioned above as compared to those reported in 2011.
| 2012 4th Quarter Comparison | 2012 | 2011 |
|---|---|---|
| Number of Sales | 12 | 6 |
| Median Home Price | $187,000 | $126,000 |
| Average List to Sale Ratio | 102% | 94% |
| Median Dollar Per Square Foot | $181 | $136 |
| Days on the Market | 77 | 155 |
Current Market Conditions – January 2, 2013
As of January 2, 2013, the Sierra Tract neighborhood reports just 2 homes that are ACTIVE on the market ranging from $179,900- $259,000. 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 December 31, 2012 the Sierra Tract neighborhood is reporting an average monthly supply of 3.9 as compared to 7.5 at the same time in 2011.
The above information is taken from statistics provided by the South Lake Tahoe Association of REALTORS® Multiple Listing Services for single family residences and while deemed to be accurate, are not guaranteed.
Stateline Neighborhood, So. Lake Tahoe- 2012 4th Quarter Real Estate Market Update
The South Lake Tahoe real estate report for the Stateline neighborhood as of December 31, 2012 shows some positive notes and some negative notes in the categories we follow. When comparing the fourth quarter of 2012 to the same period during 2011, we find that the number of closed sales is down as well as the median sale price. The time on the market increased slightly. As for the positive notes, the dollar per square foot increased as well as the list to sale price ratio. Following are the actual comparisons for the various categories mentioned above as compared to those reported in 2011.
| 2012 4th Quarter Comparison | 2012 | 2011 |
|---|---|---|
| Number of Sales | 1 | 8 |
| Median Home Price | $235,000 | $246,500 |
| Average List to Sale Ratio | 100% | 84% |
| Median Dollar Per Square Foot | $200 | $192 |
| Days on the Market | 178 | 146 |
Current Market Conditions – January 2, 2013
As of January 2, 2013, the Stateline neighborhood reports only 3 homes that are ACTIVE on the market ranging from $998,000 to a lakefront home listed at $4,950,000. 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 December 31, 2012 the Stateline neighborhood is reporting an average monthly supply of 3.9 as compared to 6.3 at the same time in 2011.
The above information is taken from statistics provided by the South Lake Tahoe Association of REALTORS® Multiple Listing Services for single family residences and while deemed to be accurate, are not guaranteed.
Tahoe Island Drive & Park Neighborhood, So. Lake Tahoe- 2012 4th Quarter Real Estate Market Update
The South Lake Tahoe real estate report for the Tahoe Island Drive and Tahoe Island Park neighborhood as of December 31, 2012 shows mostly positive notes in the categories we follow. When comparing the fourth quarter of 2012 to the same period during 2011, we find that the number of closed remained the same but the median sale price increased. The dollar per square foot increased but the list to sale price ratio slightly decreased. The time on the market was less in 2012 than in 2011. Following are the actual comparisons for the various categories mentioned above as compared to those reported in 2011.
| 2012 4th Quarter Comparison | 2012 | 2011 |
|---|---|---|
| Number of Sales | 15 | 15 |
| Median Home Price | $211,000 | $210,000 |
| Average List to Sale Ratio | 96.3% | 97.7 |
| Median Dollar Per Square Foot | $173 | $144 |
| Days on the Market | 93 | 120 |
Current Market Conditions – January 2, 2013
As of January 2, 2013, the Tahoe Island neighborhood reports 9 homes that are currently ACTIVE on the market ranging from $219,000 to $499,000. 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 December 31, 2012 the Tahoe Island Drive neighborhood is reporting an average monthly supply of 3.3 as compared to 4.2 at the same time in 2011. As for the Tahoe Island Park neighborhood the average monthly supply is down to 5 from 7.7 the year before.
The above information is taken from statistics provided by the South Lake Tahoe Association of REALTORS® Multiple Listing Services for single family residences and while deemed to be accurate, are not guaranteed.