South Lake Tahoe luxury home listings for sale update: Cave Rock, NV

By
Real Estate Agent with McCall Realty

(Lake Tahoe Real Estate Blog / June 20, 2011 / Richard Bolen)

Tracking Cave Rock, NV home values in South Lake Tahoe, CA since 2003

South Lake Tahoe neighborhood luxury home values: Cave Rock prices up 5% over last year, but 144% off Cave Rock market high of 2008.

We though it would be interesting to track South Lake Tahoe, NV neighborhood home values over time with this visual. As the chart above indicates, here are the median sold prices for the Cave Rock luxury home neighborhood since 2004.

 Cave Rock Luxury Home Values :
Cave Rock luxury home values are 4.8% higher ($48,750) than they were for 2010. It should be noted that this data is based on only two home sales this year, and that Cave Rock is a luxury home neighborhood for the most part, but has an area with market entry homes (Lyons Avenue) that are included in the Cave Rock housing data.

Much better news for home buyers who might be thinking in taking advantage of better prices and historic low interest rates: Cave Rock home values are $1,689,750 lower, or 144.9% less than what they were at the market high in 2008.

Compared to the median sold price of all South Lake Tahoe, NV (aka "Stateline, NV") home sales this year, the Cave Rock median sold price this year is $485,250 higher, or 84.4% above the current 2011 median sold price of Nevada neighborhoods combined ($575,000). This difference makes sense when comparing a luxury home neighborhood to the median sold price of all South Lake Tahoe, NV neighborhoods combined.

Cave Rock, NV housing demand in South Lake Tahoe, CA since 2003

 Glenbrook Luxury Home Demand :

 The chart above indicates the number of luxury homes sold in Cave Rock by year since 2004.  What this indicates is Cave Rock luxury home demand in 2011 will not likely exceed that of last year.


Fly in to Al Tahoe neighborhood, South Lake Tahoe, CAFly in to Cave Rock, here



Some previous Lake Tahoe Real Estate Blog posts about Cave Rock:

Oct 16, 2010: Cave Rock luxury homes for sale update
Feb 9, 2010: Cave Rock homes for sale update
Aug 14, 2009: Cave Rock real estate update
Feb 8, 2009: Cave Rock home listings update
Aug 9, 2008: Cave Rock homes for sale update


South Lake Tahoe Real Estate: Cave Rock, NV NeighborhoodWhy 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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Rainmaker
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Irina Netchaev
Pasadena Views Real Estate Team, Inc. - Pasadena, CA
Pasadena CA Real Estate

Hi guys, always love seeing your analysis of the beautiful Lake Tahoe.  Just stopping by to say hello as well.  It's been a very long time!

Jun 23, 2011 05:29 PM #1
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Rainmaker
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Gary Bolen

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