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 |
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HIGH | LOW | AVERAGE | MEDIAN | PRICE | LISTING COUNT | REO | ||||||
LIST PRICE: |
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SOLD PRICE: |
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DOM: | 529 | 0 | 196 | 181 | ||||||||
13 | 0 |
First quarter 2008 | ||||||||||||
HIGH | LOW | AVERAGE | MEDIAN | PRICE | LISTING COUNT | REO | ||||||
LIST PRICE: | $2,980,000 |
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SOLD PRICE: |
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DOM: |
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180 | ||||||||
15 | 0 |
First quarter 2009 | ||||||||||||
HIGH | LOW | AVERAGE | MEDIAN | PRICE | LISTING COUNT | REO | ||||||
LIST PRICE: |
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SOLD PRICE: |
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DOM: |
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76 | ||||||||
12 | 0 |
First quarter 2010 | ||||||||||||
HIGH | LOW | AVERAGE | MEDIAN | PRICE | LISTING COUNT | REO | ||||||
LIST PRICE: |
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SOLD PRICE: |
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DOM: |
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99 | ||||||||
17 | 1 |
First quarter 2011 | ||||||||||||
HIGH | LOW | AVERAGE | MEDIAN | PRICE | LISTING COUNT | REO | ||||||
LIST PRICE: |
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SOLD PRICE: |
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DOM: |
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142 | 78 | ||||||||
22 | 4 |
Data Table – full year:
Homes Sold |
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HIGH | LOW | AVERAGE | MEDIAN |
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2006 |
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2007 |
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0 | |||||||
2008 |
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0 | |||||||
2009 |
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2010 |
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