South Lake Tahoe Real Estate Blog (530-318-5665)

It has been a couple of months since I ran the numbers for the market activity in South Lake Tahoe, so I included the past three month’s activity in my calculations.  

354 Active Listings, of those listings 66 are either REO or Short Sale listings comprising 19% of the total.   As usual, these calculations are made on sales activity of single family homes in the City – County areas of the South Tahoe Area Realtors MLS data.

186 Sold listings in the past three months with distressed properties making up 37% of those homes closed.      55 – 30% REO Listings         14 – 7% Short Sale Listings

 Pending listings are made up of 75% of either REO or Short Sales.

The trend in which distressed properties are a minority of the inventory and a majority of those homes that are selling seems to have shifted down a bit.  I will venture to say that “real sellers” have realized that their homes will sell if priced competitively and buyers would rather deal with a “real seller” rather than a bank and certainly rather than a short sale, which is anything but “short’.  It is all about the well priced property.  Let’s see what happens in the next month with the pending listings being comprised of 75% distressed properties. We’ll see how many of the short sale buyers get tired of the wait and snatch up a well priced home that not a distress sale. More Later.

Sales in South Lake Tahoe have increased over the past couple of months.  We were consistently closing 30 escrows a month but have recently jumped up to 129 sales (single family homes only) in the past month. 

444 Active Listings  of those listings 65 are either REO or Short Sale listings comprising 14.6% of the total.   As usual, these calculations are made on sales activity of single family homes in the City – County areas of the South Tahoe Area Realtors MLS data.

129 Sold listings in the past month with distressed properties making up 44% of those homes closed.

33 – 25% REO Listings         25 – 19% Short Sale Listings

90 Pending listings at present with over 55% of those properties are either REO or Short Sale.

The trend continues for distressed properties to be a minority of the inventory and a majority of those homes that are selling.   That continues to tell me that well priced properties will sell in this climate of low consumer confidence and low interest rates.