(Lake Tahoe Real Estate Blog / May 27, 2011 / Richard Bolen)
South Lake Tahoe neighborhood home values: Meyers prices off 1.9% over last year, and 40.9% off Meyers market high of 2006.
We though it would be interesting to track South Lake Tahoe, CA neighborhood home values over time with this visual. As the chart above indicates, here are the median sold prices for the Meyers neighborhood since 2003.
Meyers Housing Values :
Home values this year to date are 1.9% lower ($5,000) than they were for all of 2010, and even better news for home buyers who might be thinking in taking advantage of better prices, and historic low interest rates: Meyers home values are 40.9% lower ($180,000 off) than they were at the market high for Meyers in 2006.
Compared to the median sold price of all South Lake Tahoe, CA home sales this year, the Meyers median sold price is only $17,500 lower, or 6.3% off the current 2011 median sold price of South Lake Tahoe neighborhoods combined ($277,500). This difference makes sense when comparing a neighborhood with a large percentage of market entry homes compared to the median sold price of all South Lake Tahoe neighborhoods combined.
Meyers Housing Demand :
The chart above indicates housing demand, or the number of homes sold in Meyers by year since 2003. Note that as of today the number of Meyers homes sold this year is 62% of what Meyers demand for all of last year. What this indicates is a likely increase in Meyers sales in 2011 over 2010.
What we think is encouraging about overall South Lake Tahoe, CA 2010 demand is it was higher than any other year since the market high in 2005.
Fly in to Meyers, here
Our videos about Highland Woods, here
We hope you find some of these previous Lake Tahoe Real Estate Blog posts helpful:
Jan 16, 2011: Meyers real estate homes for sale and home value update
Oct 11, 2010: Meyers real estate listings update
Jan 28, 2010: Meyers homes for sale update
Aug 6, 2009: Meyers home listings for sale update
Feb 14, 2009: Meyers real estate update
Aug 6, 2008: Meyers homes for sale update
Why we publish this blog:
We support our families by helping folks buy and sell real estate. We're licensed in both CA and NV, have the best and most advanced professional credentials possible. We sell single family homes, townhomes, condominiums, lots and land.
Our blog is intended as a public resource where one can find the most complete real estate information possible about the South Lake Tahoe real estate market. Accurate market statistics available 24/7 without agenda is central to our resolve. The goal here is twofold: to show you convincingly why you should consider asking us for help, and that you can trust the help that you will find.
Email us directly here. Call us: 800-923-9022 begin_of_the_skype_highlighting 800-923-9022 end_of_the_skype_highlighting
Search South Lake Tahoe, CA listings here. Search Stateline, NV listings here. Automatic Listing notification here.
