(Lake Tahoe Real Estate Blog / June 17, 2011 / Richard Bolen)
South Lake Tahoe neighborhood luxury home values: Hidden Woods prices off 111% over 2009, and down 68% off Hidden Woods market high of 2004.
We though it would be interesting to track South Lake Tahoe, NV neighborhood home values over time with this visual. As the chart above indicates, here are the median sold prices for the Hidden Woods neighborhood since 2004.
Hidden Woods Housing Values :
With no homes sold this year to date, Hidden Woods home values in 2010 were 111.7% lower ($927,500) than they were for all of 2009. It should be noted that this data is based on only a couple of home sales. Perhaps more telltale, and this is good news for home buyers who might be thinking in taking advantage of better prices and historic low interest rates: Hidden Woods home values are $1,832,500 lower, or 68.8% off what they were at the market high in 2004.
Compared to the median sold price of all South Lake Tahoe, NV (aka "Stateline, NV") home sales this year, the Hidden Woods median sold price of the most recent sale last year is $255,000 higher, or 44.3% above the current 2011 median sold price of Nevada neighborhoods combined ($575,000). This difference makes sense when comparing a luxury home neighborhood to the median sold price of all South Lake Tahoe, NV neighborhoods combined.
Hidden Woods Housing Demand :
Hidden Woods is a luxury home and estate neighborhood on the NV side of South Lake Tahoe. There are only some 30 or so luxury homes here. The chart above indicates housing demand, or the number of homes sold in Hidden Woods by year since 2004. Note that no homes have sold yet this year, and only one sold last year. What this indicates is Hidden Woods housing demand in 2011 will likely be similar to that of 2010.
Fly in to Hidden Woods, here
Some previous Lake Tahoe Real Estate Blog posts about Hidden Woods:
Oct 16, 2010: Hidden Woods real estate update
Aug 15, 2009: Hidden Woods homes for sale update
Feb 8, 2009: Hidden Woods real estate udpate
Aug 9, 2008: Hidden Woods home listings update
May 27, 2007: Hidden Woods homes for sale update
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