What an amazing week for the Incline Village real estate market in the dead of winter. 13 was a lucky number last week because that’s how many properties went into escrow along with an equal number of new listings. It appears that many owners of Incline Village real estate are listening to our advice about putting their properties on the market much earlier than normal. With beautiful weather as far as the eye can see it’s easy for buyers to come up and check out the latest offerings on the MLS.
Since fresh snow is in short supply, Don is heading up to Canada to go skiing for a few weeks. This is the 1st time he’s been able to do the Great Western Ski Tour which encompasses Lake Louise, Sunshine Village, Kicking Horse and Revelstoke. There is no shortage of snow with each of these resorts boasting at least an 8 foot base. While he’s away, Sabrina and Cole are at the ready to assist you with everything at Lake Tahoe.
Checking out the action on the Incline Village real estate scene last week, the properties going into escrow ranged in price from $175,000 for a little Pinebrook condo up to $1,665,000. Condos dominated the action with 9 properties getting accepted offers. Congrats go to Sabrina for getting her new listing at #127 Third Creek into escrow. Dave and Sarah in our office also put their listing at 783 Golfers Pass under contract.
While prices have continued to trend steadily upward since 2012 we are still below the pre-recession peak that was achieved a little over a decade ago. So while the stock market has pulled back from its record highs, opportunity still abounds for buyers of Lake Tahoe real estate.
Low elevation shoppers will want to check out 198 Country Club Dr. – #7 Country Club Villas. Great location in the complex, lots of upgrades and that fabulous CCV floor plan that everyone loves. You’ll find 3 bedrooms, 2.5 baths inside 2100+ sq ft. of living space. The short level driveway that brings you to an attached 2 car garage is a nice feature. Great location just 2 blocks from Lakeshore Drive and a short stroll to the Country Club Mall and Hyatt Hotel Casino. Offered at $1,295,000.
There were only 2 price changes on the Incline Village MLS last week. When you match that up against 13 new listings that tells you sellers are confident about the continuing state of the Incline Village real estate market. We recommend that buyers stay in close contact with their agent and monitor new listings on a daily basis. The most desirable properties are still getting snapped up quickly and we anticipate that trend will continue into the foreseeable future.
The wild gyrations in the stock market last week do not appear to have any type of impact so far on sales activity. Also, the apparent move towards better relations between North and South Korea could take some pressure off the geopolitical front. Barring some economic or international catastrophe we anticipate Lake Tahoe real estate sales to remain