(Lake Tahoe Real Estate Blog / May 30, 2011 / Richard Bolen)
South Lake Tahoe neighborhood home values: Tahoe Island Park prices 6.4% higher this year than last year, but 52.8% off the Tahoe Island Park 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 Tahoe Island Park neighborhood since 2003.
Tahoe Island Park Housing Values :
Home values this year to date are 6.4% higher ($15,000) 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: Tahoe Island Park home values are $235,000, or 52.8% lower than they were at the market high for the Tahoe Island Park neighborhood in 2005.
Compared to the median sold price of all South Lake Tahoe, CA home sales this year, the Tahoe Island Park median sold price is $27,500 lower, or 9.9% 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.
Tahoe Island Park Housing Demand :
The chart above indicates housing demand, or the number of homes sold in Tahoe Island Park by year since 2003. Note that as of today there are half as many Tahoe Island Drive homes sold this year as there were for all of last year. What this indicates is 2011 Tahoe Island Park housing demand will likely be similar 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 Tahoe Island Park, here
Our videos about Tahoe Island Park, here
We hope you find some of these previous Lake Tahoe Real Estate Blog posts helpful:
Jan 14, 2011: Tahoe Island Park values of 2010 homes for sale
Dec 15, 2010: Tahoe Island Park homes for sale update
Oct 10, 2010: Tahoe Island Park real estate listings and homes for sale
Jan 30, 2010: Tahoe Island Park homes for sale update
Sep 17, 2009: Tahoe Island Park listings for sale update
Mar 30, 2009: Tahoe Island Park real estate update
Jun 1, 2008: Tahoe Island Park 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.
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