Statistics

Market Trends South Lake Tahoe Sales Up 45% From Last Year The Tahoe real estate market does not follow the national market. While discussing the state of the Tahoe real estate market last month, I was presented the argument that the number of home sales are down over the last several years. Surprisingly, this is a statistic I did not track, so I went to work […]
Market Trends South Lake Tahoe Market Update As the holder of a bachelor’s in mathematics, I mine for a lot of real estate statistics. The following numbers present a good reflection of what’s happening in the South Lake Tahoe real estate market. Since January 2009, median sale price has leveled. The bottom of the market is near. The market as a whole […]
Market Trends June 2009 South Lake Tahoe Real Estate Market Update It’s almost summer here in South Lake Tahoe, and while the temps aren’t too hot with this recent cold front, the real estate market is scorching. We haven’t seen buyer activity like this in years. I’ve seen several properties receive multiple, competing offers. They are oftentimes selling for more than list price. Things are getting […]
Statistics September 2008 Statistics for South Lake Tahoe Real Estate There’s been a bit of a buzz in the South Lake Tahoe real estate community. Have we hit the bottom of the market? Possibly. Check out the median sale prices over the last seven months. It looks like we hit bottom in June and have been heading up in the following months. Additionally, the median […]
Statistics Real Estate Stats Aren’t Skewed in South Lake Tahoe As I’ve mentioned in previous articles, there’s been a theory proposed by a few South Lake Tahoe real estate agents, myself included, that home prices haven’t dropped as much as the statistics show. Perhaps there’s been more activity in the lower price bands. After all, it’s been much tougher to get a jumbo loan this […]
Statistics August 2008 Statistics for South Lake Tahoe Real Estate South Lake Tahoe real estate saw a lot of activity in the higher price bands during August. This pushed the median sales price for single family residences to $443,750 for the month and $399,000 for the last 90 days. We are still seeing a market decline, however. In the last two weeks there have been […]
Statistics July 2008 Statistics for South Lake Tahoe Real Estate Always trying to improve the real estate statistics I present to you, I’ve decided to mine for a new stat – median sale price for the last 90 days. I will present this statistic along with the median sale price for the last month. See the table below for the actual numbers. What are the […]
Statistics June 2008 Statistics for South Lake Tahoe Real Estate As predicted, the median sale price for single-family residences in South Lake Tahoe dropped dramatically in June, down to $365,000. The market is certainly suffering. However, I’m becoming skeptical of the statistical barometers we continue to rely upon. Perhaps the steep decline in median sale price doesn’t quite reflect what’s happened to home values here […]
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Statistics Months Supply of Inventory (MSI) and Absorption Rates in Real Estate I love real estate statistics. I got a math degree from the University of Texas, so I could make a career of real estate stats. In this blog, I’ll keep things relatively simple. In efforts to improve the statistics I present you, I am beginning to mine for and calculate absorption rates and months supplies of […]
Foreclosures May 2008 Statistics for South Lake Tahoe Real Estate After some of the statistical revelation I experienced over the last week, it’s become much easier to make conclusions on this market that can be validated with empirical evidence. The median sale price for single family residences increased 9.5%, from $379,000 in April to $415,000 in May. Unfortunately, this is not evidence of a market […]
Statistics A Harder Look at Real Estate Statistics The South Tahoe Association of Realtors (STAoR) staff went to a C.A.R. conference last week. Thus, they didn’t publish May market statistics until today. Honestly, I got impatient a few days ago and started mining our MLS for data. I had no idea what I was in for! Two days, six phone calls, and five hours […]
Statistics April 2008 Statistics for South Lake Tahoe Real Estate Sorry this is coming late folks!  Achilles tendon surgery, amongst other even bigger things, has kept me tied up in the last couple of weeks. Here are the latest statistics from the South Tahoe Association of Realtors.  This data is from April 30, 2008.  The median home price in South Lake Tahoe rose 0.7% from […]
Statistics March 2008 Statistics for South Lake Tahoe Real Estate Here are some of the latest statistics from the South Tahoe Association of Realtors.  This data is from March 31, 2008. South Lake Tahoe’s median home price has fallen 5.5% in the last two months.  Ouch! Median Home Price Number of Active Listings Number of Escrows $425,000 361 40 Number of Listings by Price Range […]