South Lake Tahoe condos listings for sale update: Lake Village, NV

(Lake Tahoe Real Estate Blog / June 18, 2011 / Richard Bolen)

South Lake Tahoe neighborhood condominium and townhome values: Lake Village prices up 16% over 2010, but down 73% off Lake Village market high of 2006.

We though it would be interesting to track South Lake Tahoe, NV neighborhood condominium and townhome values over time with this visual. As the chart above indicates, here are the median sold prices for the Lake Village neighborhood since 2004.

 Lake Village Condo & Townhome Values :
Lake Village condominium and townhome values are 16.4% higher ($43,750) than they were last year. Better news for home buyers who might be thinking in taking advantage of better prices and historic low interest rates: Lake Village townhome and condominium values are $290,000 lower, or 73.2% off what they were at the market high in 2006.

Compared to the median sold price of all South Lake Tahoe, NV (aka "Stateline, NV") home sales this year, the Lake Village median sold price is $265,000 lower, or 46.1% below the current 2011 median sold price of Nevada neighborhoods combined ($575,000). This difference makes sense when comparing a townhome and condominium neighborhood to the median sold price of all South Lake Tahoe, NV neighborhoods combined.

 Lake Village Housing Demand :

The chart above indicates housing demand, or the number of homes sold in Lake Village by year since 2004. As of today, two-thirds of last years sales volume has already occurred. What this indicates is Lake Village housing demand in 2011 will likely exceed that of 2010.

Fly in to Lake Village, here

Some previous Lake Tahoe Real Estate Blog posts about Lake Village:

Oct 3, 2010: Lake Village Townhomes and Condos for sale update
Aug. 7, 2010: South Lake Tahoe, NV News: Lake Village
Apr. 18, 2010: Observations on Lake Village Townhomes and Condominiums
Apr. 18, 2010: Lake Village Real Estate Listings Update
Jul. 14, 2009: Lake Village Real Estate Sales Update
Aug. 8, 2008: Lake Village Real Estate Market Update

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