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South Lake Tahoe, CA Housing Demand: Absorption Rates

October 8th, 2009 categories: Absorption Rates, For Buyers, For Sellers, Lake Tahoe Real Estate, Major Market Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA

An Increase in the number of South Lake Tahoe, CA Single Family Homes Sales Per Month.

We’ve updated the Absorption Rates for the South Lake Tahoe, CA real estate market. This the best method possible for tracking South Lake Tahoe housing demand over time.

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

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

Summary:

An average of 36.5 homes have sold per month in South Lake Tahoe in the last 180-days. (This same number was 34 a month ago, and 31.7 two months ago.)
An average of 33.1 homes have sold per month in South Lake Tahoe in the last 365-days. (It was 32.2 a month ago, and 30.9 two months ago.)
In 2008, the monthly average of homes sold in South Lake Tahoe, CA was 29 sales per month.

The Bottom Line:

It will take 12.1 months to deplete the current South Lake Tahoe home inventory at 365-day market performance levels. (It was 13.9 months of inventory a month ago.)
Motivated Sellers are increasingly becoming Excellent Buying Opportunities.

Number Sales -

399 homes sold in South Lake Tahoe, CA in the last 365 days. (This number was 371 a molnth ago, and the same number two months ago.)
219 homes sold in the last 180 days. (It was 204 a month ago, and 188 two months ago, and 178 the month before that.)

Inventory - Increase in Supply is Excellent Opportunity for Buyers

399 home listings are currently available for sale. (It was 447 30-days ago.)
Inventory load represents excellent choices for Buyers.
Inventory load can produce more motivated Sellers… who will sell at current market reality, rather than cling to prices that are no longer viable in today’s Buyer-driven market.

Annual Results: Total Number Sales

354 single family homes sold in South Lake Tahoe in 2008.
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

29 single family homes sold per month in South Lake Tahoe in 2008.
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 have been 399 successful Sellers in the last 365 days.
Most all have seen significant increases in the value of their property since they have owned it.
If they have owned their home for 5 years or more, chances are they made a significant return on their investment.
Proper pricing at this time will result in a successful sale and a strong profit on your investment, especially if you purchased your home in 2003 or earlier.
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.)