(Lake Tahoe Real Estate Blog / May 29, 2011 / Richard Bolen)
South Lake Tahoe neighborhood home values: Stateline Area prices 15.5% off this year from last year, and 143.1% off the Stateline Area market high of 2007.
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 Stateline Area neighborhood since 2003. (Stateline Area is a CA neighborhood, and not the same as Stateline, NV, which is on the other side of the state line that runs through the greater South Lake Tahoe real estate market.)
Stateline Area Housing Values :
Home values this year to date are 15.5% lower ($26,250) than they were for all of 2010. This is based on the one only home sale in the Stateline Area so far this year. Better news for home buyers who might be thinking in taking advantage of better prices, and historic low interest rates: Stateline home values are $395,000, or 143.1% lower than they were at the market high for the Stateline Area neighborhood in 2007.
Compared to the median sold price of all South Lake Tahoe, CA home sales this year, the Stateline median sold price is $134,500 lower, or 48.5% below the current 2011 median sold price of South Lake Tahoe neighborhoods combined ($277,500). This difference makes sense when comparing a neighborhood with many market entry homes to the median sold price of all South Lake Tahoe neighborhoods combined.
Stateline Area Housing Demand :
The chart above indicates housing demand, or the number of homes sold in the Stateline Area by year since 2003. Note that as of today there has been only one Stateline Area home sold this year. What this indicates is 2011 Stateline Area housing demand will likely be less than 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 Stateline Area, here
Our videos about Stateline Area, here
We hope you find some of these previous Lake Tahoe Real Estate Blog posts helpful:
Jan 15, 2001: Stateline Area, CA home for sales update
Oct 10, 2010: Stateline Area real estate listings and home sales update
Jan 30, 2010: Stateline Area homes for sale
Aug 5, 2009: Stateline Area real estate listings update
Feb 14, 2009: Stateline Area real estate update
Aug 6, 2008: Stateline Area homes for sale
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.
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