Price and demand only marginally up from 2009 on Stateline, NV side of South Lake Tahoe
(Lake Tahoe Real Estate Blog / January 5, 2011 / Richard Bolen)
Here’s the final 2010 homes for sale report for the Stateline, Nevada side of the South Lake Tahoe real estate market.
We’ll do the same for South Lake Tahoe, CA in our next post, and these two reports combined will constitute all relevant statistics, trends and market conditions for South Lake Tahoe in 2010.
(Please be suspect of any other year-end reports you may read about the “Lake Tahoe” real estate market. There isn’t such, and these reports will combine higher data from Incline Village, Truckee and the area around Tahoe City, which have no bearing whatsoever on South Lake Tahoe.)
A Summary :
Demand was up by 6 home sales in 2010 compared to 2009, which was only an increase of 7%. The median sold price was also slightly up in 2010 compared to 2009 as well, 1.4%.
The percentage of distressed properties sold was much lower in 2010 compared to 2009, and luxury home sales were about the same in number, but 2009 generally produced a higher luxury home sale than did 2010.
In general, Statline, NV median sold prices were tracking higher throughout each quarter of 2010. In the last 180-days of the year, the median sold price is also somewhat higher than the overall 2010 annual median sold price as well.
THE DETAILS :
Annual Median Sold Price:
- The Stateline, NV median sold price for 2010 was $519,900 (not including Glenbrook and Lakefront Properties).
- If Glenbrook and Lakefront Properties are included, wich were 6 sales in total, the median sold price was $570,000.
This is a difference of 8.8%, which is how much the 6 Glenbrook and Lakefront Property sales skewed the median sold price upward for the year.
Continue reading “South Lake Tahoe, NV Final 2010 Homes for Sale Report” on our main blog.
Some previous Lake Tahoe Real Estate Blog posts about the NV median sold price:
May 16, 2009: South Lake Tahoe 2009 Home Sales: Stateline, NV
Jul 27, 2010: U.S. Home Prices Increase… so what about South Lake Tahoe?
Feb 11, 2010: South Lake Tahoe, NV Home Sales in the last 365 days
Dec 21, 2009: South Lake Tahoe, NV: Stateline Home Sales in the last 365 Days