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South Lake Tahoe, CA Real Estate News: Housing Demand and Absorption Rates

May 10th, 2010 categories: Absorption Rates, For Buyers, For Sellers, Lake Tahoe Real Estate, Major Market Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA

More Increases in South Lake Tahoe Housing Demand.

(South Lake Tahoe, CA, May 10, 2010 by Richard Bolen)

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

Throughout the first quarter of 2010 we have seen an increase in housing demand, details below.

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

(Note that the statistics chart online is not identical to that below, which is correct. Our new automation code for the oline chart has a few more small tweaks to go, but as you can see it is very close.)

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

Summary:

An average of 39.0 homes have sold per month in South Lake Tahoe in the last 180-days.
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 8.1 months to deplete the current South Lake Tahoe home inventory at 365-day market performance levels. ( 8.4 months at current 180-day performance level.)
Motivated Sellers are increasingly becoming Excellent Buying Opportunities.

Number Sales -

486 homes sold in South Lake Tahoe, CA in the last 365 days.
234 homes sold in the last 180 days.

Inventory - Increase in Supply is Excellent Opportunity for Buyers

328 home listings are currently available for sale.
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.

South Lake Tahoe, CA absorption rates

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