(Lake Tahoe Real Estate Blog / June 12, 2011 / Richard Bolen)
South Lake Tahoe neighborhood home values: Middle Kingsbury prices 14% off from last year, and down 56% off Middle Kingsbury market high of 2007.
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 Middle Kingsbury neighborhood since 2003.
Middle Kingsbury Housing
Compared to the median sold price of all South Lake Tahoe, NV (aka "Stateline, NV") home sales this year, the Middle Kingsbury median sold price is $179,000 lower, or 30.1% below the current 2011 median sold price of Nevada neighborhoods combined ($595,000). This difference makes sense when comparing a neighborhood with only four homes sold, half of which are distressed (both bank-owned sales) to the median sold price of all South Lake Tahoe, NV neighborhoods combined.
Middle Kingsbury Housing Demand :
The chart above indicates housing demand, or the number of homes sold in Middle Kingsbury by year since 2004. Note that as of today the number of Middle Kingsbury homes sold this year is only 28.6% of what Middle Kingsbury demand was for all of last year. What this indicates is Middle Kingsbury housing demand in 2011 may be less than what it was in 2010.
Some previous Lake Tahoe Real Estate Blog posts about Round Hill:
Oct 15, 2010: Middle Kingsbury real estate
listings for sale update
we publish this blog:
Our blog is intended as a public resource where one can find the most complete real estate information possible about the South Lake Tahoe real estate market. Accurate market statistics available 24/7 without agenda is central to our resolve. The goal here is twofold: to show you convincingly why you should consider asking us for help, and that you can trust the help that you will find.
Email us directly here. Call us: 800-923-9022 begin_of_the_skype_highlighting 800-923-9022 end_of_the_skype_highlighting