Escrow Report for South Lake Tahoe, NV

Homes in Escrow in the Stateline, NV area of the South Lake Tahoe Real Estate Market.

(Lake Tahoe Real Estate Blog / February 10, 2010 / Richard Bolen)

We have just updated the Stateline, NV Real Estate Market Escrow Report.  At present there are 13  homes in escrow.  That same number was 22  two months ago. (see chart below)

Note that we've also added stats below for the number of homes in escrow that are distressed sales (foreclosures and/or short sales).

While it does appear that the market is still in decline in terms of value, it is important to note that 84.6% of homes currently in escrow are distressed sales (REOs or short sales). That same number was 54.5% two months ago.

All Current Escrow – Stateline, NV, plus statistics, here.

More Stats and Chart below.

Escrow Summary:

Here’s what the latest escrow information tells us about current market conditions in Stateline, NV:

• The Median Price for the homes in escrow is $437,000 (not including Lake Front Properties and homes in Glenbrook).
• It was $505,000 two months ago. (See study about "conformity" and foreclosures here.)
• Escrow normally takes about 60 days.
• The homes in escrow now generally reflect buying activity from March forward.

Escrow and Inventory:
The chart tracks the number of listed homes and those in escrow since November of 2006.

• There are 99 available listings in Stateline, NV right now.
• There are 13  homes in escrow.
• This is 1 less home in escrow than at this time last year.

Escrow and Foreclosures:
Of the 13 homes currently in escrow in Stateline, NV:

• 12 are distressed sales (84.6%)
  • 8 are short sales
  • 3 are bank owned properties (REOs)

More Stateline, NV Escrow Reports:

May 17, 2010 Escrow Report, here.
March 27, 2010 Escrow Report, here.
December 20, 2009 Escrow Report, here.
November 2, 2009 Escrow Report, here.
August 16, 2009 Escrow Report, here.
July 21, 2009 Escrow Report, here.
May 12, 2009 Escrow Report, here.
April 5, 2009 Escrow Report, here.
March 16, 2009 Escrow Report, here.
February 9, 2009, More Homes in Escrow than Usual, here.
December 31, 2008 Escrow Report, here.  

See the original article, "South Lake Tahoe, NV Escrow Report" on our main blog.