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South Lake Tahoe, CA Real Estate Demand and Absorption Rates

February 22nd, 2010 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 South Lake Tahoe Housing Demand.

We’ve updated current demand for the South Lake Tahoe, CA real estate market. Looking at the market from the perspective of monthly absorption rates is the most accurate method possible for tracking South Lake Tahoe housing performance over time.

At present we're seeing a slight increase in housing demand over the last 180 days, details below.

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 41.7 homes have sold per month in South Lake Tahoe in the last 180-days. (This same number was 44 thee weeks ago, 43.7 three months ago, and 39.5 four months ago.)
In 2009, the monthly average of homes sold in South Lake Tahoe, CA was 36 sales per month. (It was 29 for 2008.)

The Bottom Line:

It will take 6.2 months to deplete the current South Lake Tahoe home inventory at 365-day market performance levels. (7-months at current 180-day performance level.)
This is the closest point we have seen to a neutral market (six months of inventory) since the fall of 2005.

Number Sales -

451 homes sold in South Lake Tahoe, CA in the last 365 days.
262 homes sold in the last 180 days. (It was 262 three weeks ago, 237 two months ago, 219 three months ago.

Inventory - Increase in Supply is Excellent Opportunity for Buyers

302 home listings are currently available for sale. (It was 310 three weeks ago, and 375 three months ago. Less inventory is normal this time of year.)
Inventory load represents excellent choices for Buyers.

Annual Results: Total Number Sales

436 single family homes sold in 2009.
354 sales in 2008.
373 sales in 2007.
438 sales in 2006.
682 sales in 2005.
843 sales in 2004.
601 sales in 2003.

Annual Results: Monthly Absorption Rates

36 single family homes sold per month in South Lake Tahoe in 2009.
29 sales per month in 2008.
31 sales per month in 2007.
37 sales per month in 2006.
57 sales per month in 2005.
68 sales per month in 2004.
50 sales per month in 2003.

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.)