(Lake Tahoe Real Estate Blog / May 31, 2011 / Richard Bolen)
South Lake Tahoe neighborhood home values: Tahoe Paradise prices 19.2% lower this year than last year, and 43.5% off Tahoe Paradise 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 Tahoe Paradise neighborhood since 2003.
Tahoe Paradise Housing Values :
Home values this year to date are 19.2% lower ($70,900 off) than they were for all of 2010. Even better news for home buyers who might be thinking in taking advantage of better prices, and historic low interest rates: Tahoe Paradise home values are $208,000, or 43.5% lower than they were at the market high for the Tahoe Paradise neighborhood in 2005.
Compared to the median sold price of all South Lake Tahoe, CA home sales this year, the Tahoe Paradise median sold price is $21,500 higher, or 7.7% above 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.
Tahoe Paradise Housing Demand :
The chart above indicates housing demand, or the number of homes sold in Tahoe Paradise by year since 2003. Note that as of today there is less than 20% of Tahoe Paradise sold this year as there were for all of last year. What this indicates is 2011 Tahoe Paradise housing demand will likely be slightly 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 Tahoe Paradise, here
Our videos about Tahoe Paradise, here
We hope you find some of these previous Lake Tahoe Real Estate Blog posts helpful:
Jan 13, 2011: Tahoe Paradise real estate homes for sale update
Dec 13, 2010: Tahoe Paradise homes for sale update
Oct 10, 2010: South Lake Tahoe homes for sale: Tahoe Paradise
Jul. 31, 2010: Tahoe Paradise homes for sale update
Jan. 31, 2010: Final 2009 Tahoe Paradise Home Sales and Real Estate Activity
Jul. 5, 2009: Tahoe Paradise Real Estate Listings and Sales Update
Jun. 1, 2008: South Lake Tahoe Real Estate Listings News: Tahoe Paradise
Nov. 27, 2007: South Lake Tahoe Real Estate Listings Update: Tahoe Paradise
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