(Lake Tahoe Real Estate Blog / May 28, 2011 / Richard Bolen)
South Lake Tahoe neighborhood home values: North Upper Truckee prices up 43.3% over last year, and nearly the same as North Upper Truckee market high of 2005.
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 North Upper Truckee neighborhood since 2003.
North Upper Truckee Housing Values :
Home values this year to date are 43.3% higher ($164,500) than they were for all of 2010. Better news for home buyers who might be thinking in taking advantage of better prices, and historic low interest rates: North Upper Truckee home values are lower than they were at the market high for North Upper Truckee in 2005.
Compared to the median sold price of all South Lake Tahoe, CA home sales this year, the North Upper Truckee median sold price is $267,000 higher, or 96.2% over the current 2011 median sold price of South Lake Tahoe neighborhoods combined ($277,500). This difference makes sense when comparing a high-end luxury home neighborhood to the median sold price of all South Lake Tahoe neighborhoods combined.
North Upper Truckee Housing Demand :
The chart above indicates housing demand, or the number of homes sold in North Upper Truckee by year since 2003. Note that as of today the number of North Upper Truckee homes sold this year is a wee more than 31% of what North Upper Truckee demand for all of last year. What this indicates is likely little change in North Upper Truckee housing demand in 2011 over 2010.
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 North Upper Truckee, here
Our videos about North Upper Truckee, here
We hope you find some of these previous Lake Tahoe Real Estate Blog posts helpful:
Jan 15, 2011: North Upper Truckee home values and real estate sales update
Oct. 11, 2010: North Upper Truckee real estate home sales update
Jul. 31, 2010: North Upper Truckee homes for sale update
Jan. 29, 2010: South Lake Tahoe Listings Update: N. Upper Truckee
Sep. 17, 2009: What We Do When You Contact Us
Aug. 6, 2009: South Lake Tahoe Listings Update: N. Upper Truckee
Aug. 6, 2008: South Lake Tahoe Real Estate Update: N. Upper Truckee
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