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Stateline, NV Market Statistics

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South Lake Tahoe Real Estate Update: Stateline, NV Absorption Rates

August 9th, 2008 categories: Absorption Rates, For Buyers, For Sellers, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, Stateline, NV

Decline in Demand, Increase in Inventory and Price Declines create Excellent Buying Opportunities in South Lake Tahoe.

We’ve just updated the Absorption Rates for the Stateline, NV side of our South Lake Tahoe real estate market.

The market is absorbing (selling) an average of about 6 homes per month.

This chart contains market wide absorption rates, and a lot more.

For absorption rates by price range, plus current inventory, here.

Stateline, NV - Lake Tahoe Absorption Rates

Summary:

In the last 180 days in the Stateline, NV market of South Lake Tahoe, the average number of homes sold per month is 6.5.
In 2007, the average number of homes sold per month was 6.
It will take 2 years to sell the current inventory at an absorption rate of 6.5 sales per month.

The Bottom Line:

There are more homes on the market than will sell in the next two years… by far.
Motivated Sellers will increasingly represent Excellent Opportunities for Buyers.

Number Sales : (Demand is down)

There have been 76 homes sold on the Stateline, NV side of our South Lake Tahoe market in the last 365 days.
There were only 74 homes sold in 2007.

Annual Results: Total Number Sales

89 single family homes sold in Stateline, NV of South Lake Tahoe in 2006.
140 single family homes sold in Stateline, NV of South Lake Tahoe in 2005.
173 single family homes sold in Stateline, NV of South Lake Tahoe in 2004.
120 single family homes sold in Stateline, NV of South Lake Tahoe in 2003.

Annual Results: Monthly Absorption Rates

As of today, an average of 6.1 single family homes per month sold in Stateline, NV so far this year.
6 single family homes sold per month in Stateline, NV of South Lake Tahoe in 2007.
7 single family homes sold per month in Stateline, NV of South Lake Tahoe in 2006.
12 single family homes sold per month in Stateline, NV of South Lake Tahoe in 2005.
15 single family homes sold per month in Stateline, NV of South Lake Tahoe in 2004.
11 single family homes sold per month in Stateline, NV of South Lake Tahoe in 2003.

A Primer on Absorption Rates:
Our absorption rates indicate the total number of homes sold in a particular price range in the last 365, 180, 90 and 30 days.

The price ranges are in $50,000 increments up to $1M. After $1M, the price-range increases. For each price range, you will find:

(1) the number of homes that have sold in a price range;
(2) the monthly absorption rate, or the average number of homes sold per month;
(3) the number of homes listed in that price range;
(4) the number of months it will take to sell the current inventory.

There is also a FAQ to help one to better understand what absorption rates are and how they are used.

We offer this information as a public service. It is the most complete current information on the overall Stateline, NV side of our South Lake Tahoe real estate market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too.