West Shore Real Estate Statistics

In 2006 we started to see the market turn. The prices on the west shore, incl. Tahoe City, remained firm in 2007, but the sold count was down around 28%. 2008 is when the median prices started to adjust downward, dropping around 16%. It took a year for this price reduction to drive the sales back up 28%. 2009 is, also, the first year west shore saw a number of foreclosures. 2010 shows slight decrease in median price, due to increased REOs. Total median sales price drop from 2006 to 2010 is around 35%.

2011 1st. quarter shows increase from 2010, for the same time period, in both the sales count (22%) and the median price (25%), though.

Data Tables – first quarter:

First quarter 2006
HIGH LOW AVERAGE MEDIAN PRICE LISTING COUNT REO
LIST PRICE: $8,500,000 $549,000 $1,442,776 $879,500 $36,069,400
SOLD PRICE: $6,783,333 $498,500 $1,316,293 $875,000 $32,907,333
DOM: 243 1 88 81
25 0

 

First quarter 2007
HIGH LOW AVERAGE MEDIAN PRICE LISTING COUNT REO
LIST PRICE:
$13,500,000
$399,900
$1,781,915
$800,000
$23,164,900
SOLD PRICE:
$12,400,000
$405,000
$1,661,000
$775,000
$21,593,000
DOM: 529 0 196 181
13 0

 

First quarter 2008
HIGH LOW AVERAGE MEDIAN PRICE LISTING COUNT REO
LIST PRICE: $2,980,000
$399,900
$903,326
$670,000
$13,549,900
SOLD PRICE:
$2,350,000
$399,900
$818,360
$625,000
$12,275,400
DOM:
553
2
182
180
15 0

 

First quarter 2009
HIGH LOW AVERAGE MEDIAN PRICE LISTING COUNT REO
LIST PRICE:
$2,900,000
$289,950
$1,118,495
$734,500
$13,421,950
SOLD PRICE:
$2,100,000
$295,000
$861,454
$596,000
$9,476,000
DOM:
333
4
98
76
12 0

 

First quarter 2010
HIGH LOW AVERAGE MEDIAN PRICE LISTING COUNT REO
LIST PRICE:
$1,300,000
$250,000
$572,405
$469,000
$9,730,900
SOLD PRICE:
$1,049,000
$255,000
$526,652
$445,000
$8,953,100
DOM:
726
1
197
99
17 1

 

First quarter 2011
HIGH LOW AVERAGE MEDIAN PRICE LISTING COUNT REO
LIST PRICE:
$6,995,000
$229,900
$1,053,688
$619,000
$23,181,140
SOLD PRICE:
$6,300,000
$200,000
$961,704
$597,000
$21,157,500
DOM:
704
10
142 78
22 4

 

Data Table – full year:

 

Homes Sold
HIGH LOW AVERAGE MEDIAN
TOTAL PRICE
SOLD COUNT
REO COUNT
2006
$16,700,000
$310,000
$1,227,584
$800,000
$150,992,933
124
0
2007
$12,400,000
$261,500
$1,289,561
$810,000
$114,770,943
89
0
2008
$20,000,000
$309,000
$1,355,551
$679,500
$100,310,800
74
0
2009
$6,288,000
$276,000
$894,393
$596,000
$92,122,550
104
 

10
2010
$12,400,000
$161,000
$1,182,758
$514,500
$132,468,918
113
20

 

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