(Lake Tahoe Real Estate Blog / May 25, 2011 / Richard Bolen)
South Lake Tahoe neighborhood home values: Black Bart, higher this year than last, 14.7% off Black Bart market high.
We though it would be interesting to track South Lake Tahoe, CA neighborhood home values over time. As the chart above indicates, here are the median sold prices from today to 2003 for Black Bart, a smaller neighborhood with characteristically few home sales.
Black Bart Housing Values :
Home values this year to date are $191,500, or 84.2%% higher than they were for all of 2010, but this is based on only 3 homes sold. Better news for home buyers who might be thinking in taking advantage of better prices, and historic low interest rates: Black Bart home values are 14.7%% lower than they were at the Black Bart market high in 2009.
Compared to the median sold price of all South Lake Tahoe, CA home sales this year, the Black Bart median sold price is $141,000 higher, or 51% more than the median sold price ($277,500) of all South Lake Tahoe, CA neighborhoods combined.
We think it important to note that with such few sales, averages and median sold prices are heavily skewed by higher, or lower sales. In the case of Black Bart this year, that number is abnormally higher (see all Black Bart sales here to see what we mean).
Black Bart Housing Demand :
The chart above indicates housing demand, or the number of homes sold in Black Bart by year since 2003.
What we think was encouraging about 2010 demand for all of South Lake Tahoe neighborhoods combined is it was higher than any other year since the market high in 2005 (153 sales more than our low of 2008).
Fly in to Black Bart, here
Our videos about Black Bart, here (we just started doing videos on Black Bart, and there are more coming)
We hope you find some of these previous Lake Tahoe Real Estate Blog posts helpful:
Jan 19, 2011: Black Bart real estate homes for sale update
Oct 13, 2010: Black Bart real estate listings update
Aug 18, 2010: A Closer Look at Black Bart
Jan 27, 2010: Black Bart homes for sale update
Aug 8, 2009: Black Bart homes listings update
Feb 15, 2009: Black Bart real estate listings update
Aug 6, 2008: Black Bart homes for sale update
Why we publish this blog:
We support our families by helping folks buy and sell real estate. We're licensed in both CA and NV, have the best and most advanced professional credentials possible. We sell single family homes, townhomes, condominiums, lots and land.
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.
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