(Lake Tahoe Real Estate Blog / May 27, 2011 / Richard Bolen)
South Lake Tahoe neighborhood home values: Highland Woods, prices off 5.5% over last year, 47.2% off Highland Woods market high of 2006.
We though it would be interesting to track South Lake Tahoe, CA neighborhood home values over time with this visual. As the chart above indicates, here are the median sold prices for the Heavenly Valley neighborhood since 2003.
Highland Woods Housing Values :
Home values this year to date are 5.5% lower ($16,500) than they were for all of 2010, and even better news for home buyers who might be thinking in taking advantage of better prices, and historic low interest rates: Highland Woods home values are 47.2% lower ($252,500 off) than they were at the market high for Highland Woods in 2008.
Compared to the median sold price of all South Lake Tahoe, CA home sales this year, the Highland Woods median sold price is only $5,000 higher, or 1.8% above the current 2011 median sold price of South Lake Tahoe neighborhoods combined ($277,500). What this means is home values to date this year in Highland Woods are consistent with median home values of all South Lake Tahoe neighborhoods combined, with the exception of The Tahoe Keys.
Highland Woods Housing Demand :
The chart above indicates housing demand, or the number of homes sold in Highland Woods by year since 2003. Note that only 3 homes have sold to date this year, but this is more than half of all Highland Woods home sales last year.
What we think is encouraging about overall South Lake Tahoe, CA 2010 demand is it was higher than any other year since the market high in 2005.
Fly in to Highland Woods, here
Our videos about Highland Woods, here
We hope you find some of these previous Lake Tahoe Real Estate Blog posts helpful:
Jan 17, 2011: Highland Woods homes for sale and home values update
Oct 12, 2010: Highland Woods real estate listings update
Jan 28, 2010: Highland Woods homes for sale update
Aug 7, 2009: Highland Woods home listings update
Feb 15, 2009: Highland Woods real estate update
Aug 6, 2008: Highland Woods real estate listings for sale
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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.
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