(Lake Tahoe Real Estate Blog / June 7, 2011 / Richard Bolen)
South Lake Tahoe, NV neighborhood home values: Zephyr Heights prices 14.9% higher this year than last year, and 14.4% off the Zephyr Heights market high of 2007.
We are tracking South Lake Tahoe, NV neighborhood home values over time. As the chart above indicates, here are the median sold prices for the Zephyr Heights neighborhood since 2003.
Zephyr Heights Housing Values :
Home values this year to date are 14.9% higher ($102,500 more) 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: Zephyr Heights home values are $132,500, or 14.4% lower than they were at the market high for the Zephyr Heights neighborhood in 2006.
Compared to the median sold price of all South Lake Tahoe, NV home sales this year, the Zephyr Heights median sold price is $195,500 higher, or 32.8% more than the current 2011 median sold price of South Lake Tahoe, NV neighborhoods combined ($595,000). This difference makes sense when comparing a higher end neighborhood, one with many lake views, to the median sold price of all South Lake Tahoe, NV (also called Stateline, NV) neighborhoods combined.
Zephyr Heights Housing Demand :
The chart above indicates housing demand, or the number of homes sold in Zephyr Heights by year since 2003. Note that as of today only two Zephyr Heights homes have sold this year compared to the ten homes sold last year. What this indicates is 2011 Zephyr Heights housing demand will likely likely be somewhat less than that of 2010.
Fly in to Zephyr Heights, here
Our videos about Zephyr Heights, here
We hope you find some of these previous Lake Tahoe Real Estate Blog posts helpful:
Apr 19, 2011: Zephyr Heights homes for sale update
Oct 14, 2010: Zephyr Heights real estate listings for sale update
Feb 6, 2010: Zephyr Heights homes for sale update
Aug 12, 2009: Zephyr Heights real estate update
Feb 8, 2009: Zephyr Heights home listings update
Aug 8, 2008: Zephyr Heights homes for sale update
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