Tracking the South Lake Tahoe, CA Median Sold Price… since 2007.
(Lake Tahoe Real Estate Blog / February 11, 2012 / Richard Bolen)
We track South Lake Tahoe, CA home values by the median sold price. We've been doing this since 2001, in print via our newsletters from 2001 to 2006, and online since we started this blog in February 2007.
Since then we've been tracking the South Lake Tahoe, CA median sold price in the chart found below. Our first entry unto it was April, 2007. We thought it worthwhile to review it… on this 5th anniversary of The Lake Tahoe Real Estate Blog.
There is another chart below as well, and that one looks at South Lake Tahoe, Ca median sold prices by year since year 2000.
Usually we look at the South Lake Tahoe, CA median sold price at 180-days, but we also look at it at 365-day, 90-day and 30-day increments as well.
We also look this home value trend number with a key South Lake Tahoe neighborhood, the Tahoe Keys, not included. We do this because this neighborhood is singularly unique to every other Lake Tahoe area, and the Tahoe Keys normally adds a rather lofty lift to South Lake Tahoe home values that should be looked at separately from any other neighborhood, and from all others combined as well.
Five years ago the Tahoe Keys added between 2% – 5% to the overall South Lake Tahoe, CA median sold price. For all of 2011, that upward contribution was 9.4%, or $25,000.
The South Lake Tahoe, CA Median Sold Price Then :
In April, 2007:
- Median Sold price for all sales in the last 365-days: $454,250
- Median Sold price for all sales in the last 180-days: $465,150
The South Lake Tahoe, CA Median Sold Price Now :
February, 2012:
- Median Sold price for all sales in the last 365-days: $237,000
- Median Sold price for all sales in the last 180-days: $225,000
What it Means :
- South Lake Tahoe, CA median home values are down $240,150, or 51.6% in the last 5 years.
- Home values are now what they were in 2001.
- Interest rates are at historic lows (4.17% today, here)
- How this translates: the best opportunity to home buyers in terms of both the price of a house and the cost of buying it in more than 11 years. (The cost of getting a home loan has never been lower.)
The chart below are South Lake Tahoe median sold prices since April 2007.
The chart below are South Lake Tahoe, CA home values by year since year 2000.
Some previous Lake Tahoe Real Estate Blog Posts:
Jan 12, 2012: Final 2011 South Lake Tahoe Home Sales Report
Jan 5, 2011: Final Stateline, NV 2010 home sales report
May 16, 2009: South Lake Tahoe 2009 Home Sales: Stateline, NV
Jul 27, 2010: U.S. Home Prices Increase… so what about South Lake Tahoe?
Feb 11, 2010: South Lake Tahoe, NV Home Sales in the last 365 days
Dec 21, 2009: South Lake Tahoe, NV: Stateline Home Sales in the last 365 Days
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