More Home Demand than last year, and Increasingly Home Buyers are Buying at a Lower Price Point.
(Lake Tahoe Real Estate Blog / November 16, 2010 / Richard Bolen)
Our article below this one talks about South Lake Tahoe, CA real estate demand by month over the last five years. It also addresses the real estate market appetite for distressed sales over the last three years and the median sold price for 2010, and for market performance over the last 180-days.
Lets take a look now at monthly buying patterns throughout the year. To do that we will focus on each quarter. This will give us insight to what buyers have been buying, and what they are buying now.
The Bottom Line :
Almost one out of every two South Lake Tahoe home buyers is purchasing a home in our market entry price range under $300,000.
Almost one out of every two South Lake Tahoe home buyers has purchased a distressed property this year.
South Lake Tahoe home buyers are purchasing less expensive homes than they were at the first of the year.
They are buying homes in traditional demand patterns, more in the middle of the year than at the beginning or end.
They are buying distressed properties at a lower ratio to non-distressed sales now than they were in the first half of the year.
The size of home folks are buying on average has not varied by more than 120 square feet throughout the year.
The Particulars :
Continue reading “What People are Buying:South Lake Tahoe 2010 Home Sales per Month” on our main blog.
Previous posts of interest:
Nov 15, 2010: South Lake Tahoe 2010 Home Sales: Where We Are Now
Oct 9, 2010: Analysis of 2010 South Lake Tahoe, CA homes for sale
Oct 2, 2010: On Target with South Lake Tahoe, CA Homes for sale
August 31, 2010: US Home Prices Up… what about South Lake Tahoe?
August 27, 2010: I Woke Up this Morning… to the South Lake Tahoe Blues.
July 1, 2010: South Lake Tahoe Foreclosures: No Change Yet.
May 15, 2010: Where is the New Foreclosures Deluge?
November 15, 2009: Foreclosure Filings Down in October, what does it mean?
November 24, 2008: Sometimes South Lake Tahoe and National Real Estate Trends just don’t Jive
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