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Five key Stateline, NV real estate market indicators: Demand, Supply, Escrow, Prices, Absorption.

The following is a summary of all key South Lake Tahoe real estate market indicators for Stateline,  NV.  Details for each of the five key indicators follows.

Particular items of note:

there are more homes in escrow than anytime in the last 2 years… but demand is still down. median sold prices are lowere than they  have been in the last 5 years. there are 5 luxury homes in escrow (from $2.2M to $5.2M)… but there are 11 homes in escrow priced under $500,000 (61% of the homes in escrow).

 Demand :

There have been 76 home sales in the last 365 days. There were 74 homes sold in Stateline, NV in 2007. Compared to 2006 (89 home sales), this is a decline in demand of 14 home sales (14.6%).

 Supply :

There are 156 homes currently listed. At current market performance rates, it will take 2 years to sell all of the homes that are on the market in Stateline, NV now.

 Escrow :

There are 18 homes in escrow at present. This is the most homes in escrow than at any other time in 2 years. 11 of the homes in escrow are priced under $1M. 9 of the homes in escroe are priced under $500,000. The current median listed  price for homes in escrow is $469,000 (Glenbrook and Lakefronts not included) This suggests that most  Stateline, NV buying activity at present is focused on market entry properties.

 Prices :

The median sold price for the last 365 days, not including Lake Front properties and Glenbrook, is $672,000. In the last 180 days, the median sold price is $620,000 (39 sales) . In the last 90 days, the median sold price is $605,000 (18 sales).

 Absorption :

The Stateline, NV real estate...

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