South Lake Tahoe, CA Demand: Final 2008 Home Sales Absorption Rates

January 5th, 2009 categories: Absorption Rates, For Buyers, For Sellers, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA

South Lake Tahoe Absorption Rates - South Lake Tahoe, CA real estate market statisticsNumber 2008 South Lake Tahoe Home Sales is 19 less than a year ago.

We’ve completed the 2008 Absorption Rates for the South Lake Tahoe, CA real estate market. They are essentially the same as a year ago.

Find market-wide absorption rates for South Lake Tahoe, CA  here.

Below is a bullet-point summary of  2008 housing demand in South Lake Tahoe.

Summary:

  • An average of  34.2  homes have sold per month in South Lake Tahoe in the last 180 days (about the same that it was 30 days ago).
  • An average of  29.6  homes have sold per month in South Lake Tahoe in 2008.
  • In 2007, the monthly average of homes sold in South Lake Tahoe, CA was  31  sales per month.

The Bottom Line:

  • It will take 12.8 months to deplete the current South Lake Tahoe home inventory.
  • Motivated Sellers are increasingly becoming Excellent Buying Opportunities.

Number Sales – 2008

  • 354 homes sold in South Lake Tahoe, CA in 2008.
  • 205 homes sold in the last 6 months.

Inventory - Increase in Supply is Excellent Opportunity for Buyers

  • 380 home listings are currently available for sale.
  • Inventory load can cause a Sellers to sell at current market reality, rather than cling to prices that are no longer viable in today’s Buyer-driven market.

Annual Results: Total Sales by Year

  • 373 single family homes sold in South Lake Tahoe in 2007.
  • 438 single family homes sold in South Lake Tahoe in 2006.
  • 682 single family homes sold in South Lake Tahoe in 2005.
  • 843 single family homes sold in South Lake Tahoe in 2004.
  • 601 single family homes sold in South Lake Tahoe in 2003.

Annual Results: Monthly Absorption Rates

  • 31 single family homes sold per month in South Lake Tahoe in 2007.
  • 37 single family homes sold per month in South Lake Tahoe in 2006.
  • 57 single family homes sold per month in South Lake Tahoe in 2005.
  • 68 single family homes sold per month in South Lake Tahoe in 2004.
  • 50 single family homes sold per month in South Lake Tahoe in 2003.

The Good News for Sellers:

  • There were 354 successful Sellers in 2008.
  • Proper pricing always results in a successful sale and a strong profit on your investment if one has owned a home for five years or more.
  • There is no profit to be had if a Seller remains attached to a price that the market will not accept.

We offer this information as a public service. It is the most complete and current information on the overall South Lake Tahoe, CA 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. (Use comments box below.)

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This entry was posted on Monday, January 5th, 2009 at 2:39 pm and is filed under Absorption Rates, For Buyers, For Sellers, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. » Posts about For Sale as of January 5, 2009 For Sale: If It’s For Sale, We’ll Help You Sell It said at January 5th, 2009 at 3:00 pm

    [...] you’re keeping them away from second-hand smoke — you’re still exposing them to toxins? South Lake Tahoe, CA Demand: Final 2008 Home Sales Absorption Rates – laketahoerealestateblog.com 01/05/2009 [ South Lake Tahoe Absorption Rates - South Lake Tahoe, CA [...]

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