South Lake Tahoe home values continue to be better deals for home buyers
(Lake Tahoe Real Estate Blog / October 5, 2011 / Richard Bolen)
We thought it would be helpful to look at South Lake Tahoe, CA home values by neighborhood, and compare the differences so far this year with the final stats from last year.
The source chart for this study is found below.
Highest Median Sold Price :
The top five South Lake Tahoe, CA neighborhoods with the highest median sold home values are:
1. The Tahoe Keys ($602,450)
2. Heavenly Valley ($454,300)
3. North Upper Truckee ($429,000)
4. Country Club Estates ($428,000)
5. Montgomery Estates ($396,000)
Lowest Median Sold Price :
The top five South Lake Tahoe, CA neighborhoods with the most affordable median sold home values are:
1. Stateline Area ($143,000)
2. Y Area ($156,500)
3. Sierra Tract ($162,900)
4. Bijou ($209,900)
5. Meyers ($225,000)
Neighborhoods with increases in median sold values :
The following are the only South Lake Tahoe, CA neighborhoods with an increase in median sold home values to date this year.
1. Black Bart ($55,000)
2. North Upper Truckee ($49,000)
3. Country Club Estates ($39,500)
4. Heavenly Valley ($15,700)
5. Tahoe Island Park ($4,000)
Neighborhoods with the highest price decreases in median sold values :
The following are the top five South Lake Tahoe, CA neighborhoods with the greatest price decreases in their median sold home values to date this year compared to all of last year.
1. Montgomery Estates (-$100,250)
2. The Tahoe Keys (-$73,050)
3. Tahoe Paradise (-$72,400)
4. Christmas Valley (-$58,750)
5. Y Area (-$58,500)
Neighborhoods with the highest percent decreases in median sold values :
The following are the top five South Lake Tahoe, CA neighborhoods with the greatest percent decreases in their median sold home values to date this year compared to all of last year.
1. Y Area (-27.2%)
2. The Tahoe Keys (-20.2%)
3. Tahoe Paradise (-19.6%)
4. Christmas Valley (-19.3%)
5. Y Area (-17.8%)
Neighborhoods with the most homes sold :
The following are the top five South Lake Tahoe, CA neighborhoods with the most homes sold this year:
1. Bijou (41)
2. Sierra Tract (38)
3. Tahoe Keys (36)
4. North Upper Truckee (35)
5. Montgomery Estates (24)
Neighborhoods with the greatest decrease in sales :
The following are the top five South Lake Tahoe, CA neighborhoods with the greatest decreases in the number of homes sold to date compared to all of last year:
1. Tahoe Paradise (24 fewer sales)
2. Al Tahoe (21 fewer sales)
3. Pioneer Trail (18 fewer sales)
4. Tahoe Keys (18 fewer sales)
5. North Upper Truckee (16 fewer sales)
The chart below is the source study for the information herein. (see it in full size here)
Other related Lake Tahoe Real Estate Blog posts you may find of interest:
Apr 23, 2011: South Lake Tahoe, CA Median Home Values by Neighborhood
Jan 22, 2011: South Lake Tahoe, CA Distressed Sales by Neighborhood
Jan 22, 2011: South Lake Tahoe Median Sold Prices by Neighborhood since 2005
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