(Lake Tahoe Real Estate Blog / May 28, 2011 / Richard Bolen)
South Lake Tahoe neighborhood home values: Pioneer Trail prices about the same this year as last year, and 38% off the Pioneer Trail market high of 2005.
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 Pioneer Trail neighborhood since 2003.
Pioneer Trail Housing Values :
Home values this year to date are 1.9% lower ($6,000) than they were for all of 2010. Better news for home buyers who might be thinking in taking advantage of better prices, and historic low interest rates: Pioneer Trail home values are $182,000, or 38% lower than they were at the market high for Pioneer Trail in 2005.
Compared to the median sold price of all South Lake Tahoe, CA home sales this year, the Pioneer Trail median sold price is $32,500 higher, or 11.7% over the current 2011 median sold price of South Lake Tahoe neighborhoods combined ($277,500). This difference makes sense when comparing a mid-market neighborhood to the median sold price of all South Lake Tahoe neighborhoods combined.
Pioneer Trail Housing Demand :
The chart above indicates housing demand, or the number of homes sold in Pioneer Trail by year since 2003. Note that as of today the number of Pioneer Trail homes sold this year are 27.3% of what Pioneer Trail demand was for all of last year. What this indicates is likely little change, if not less demand for Pioneer Trail housing in 2011 compared to that of 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 Pioneer Trail, here
Our videos about Pioneer Trail, here
We hope you find some of these previous Lake Tahoe Real Estate Blog posts helpful:
Jan 16, 2011: Pioneer Trail home values and housing demand update
Oct. 11, 2010: Pioneer Trail real estate listings update
Aug. 2, 2010: Pioneer Trail homes for sale update
Jan 29, 2010: South Lake Tahoe Listings Update: Pioneer Trail
Jun 7, 2009: South Lake Tahoe Home Sales Update: Pioneer Trail
Aug 6, 2008: South Lake Tahoe, CA Real Estate Update: Pioneer Trail
Jan 15, 2008: Final 2007 Pioneer Trail sales results
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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.
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