The Al Tahoe 2016 market comparison report shows mostly positive notes in the South Lake Tahoe real estate categories we followed throughout the year. When comparing 2016 to 2015, we find that the number of sales went down slightly but the median dollar per square foot increased along with the median sale price. The list to sale price stayed the same while the days on the market (the time a South Lake Tahoe home for sale is on the market from the listing date to the close of the sale) increased .
As of Fall 2016 the Al Tahoe neighborhood reports 15 homes on the market (both active and in escrow) ranging from a minimum of $299,000 to a high of $4,750,000. The basic law of supply and demand is described in South Lake Tahoe real estate terms as the “absorption rate.” Absorption rate (also known as the monthly supply of inventory) are a calculation based upon the rate of closed sales to active listings. It is an accurate way to keep track of market trends. It is considered a balanced market when there is a six-month supply of homes available for sale. This indicates that that there is enough inventory to supply the current demand of buyers looking to purchase. Less than six months is considered a seller’s market and greater than six months is a buyer’s market. As of Fall 2016 the Al Tahoe neighborhood is reporting a month supply of 4.0%.