It’s the start of another beautiful week on the North Shore of Lake Tahoe. Skiers are enjoying spring-like conditions. And the Incline Village real estate scene is still humming along at a summertime pace. 10 properties went into escrow last week on the Incline Village MLS. Throw in 10 closed transactions, 6 new listings plus 4 price changes and it was a busy week for everyone.
The properties going into escrow ranged from $549,000 all the way up to $5.3 million. About half the properties had asking prices in excess of $1 million, further evidence of our strong market.
Inventory levels continue to remain extraordinarily low. Sellers may wish to consider listing their property earlier than usual in 2018. During the last 2 years we saw a significant number of sellers put their properties on the market between late March and the end of April. That would normally be considered getting a jump on the summer season. However, with less than 140 houses, condos and freestanding condos listed for sale on the Incline Village real estate market, it behooves sellers to consider listing sooner rather than later.
There is one new listing that catches our eye on the Incline Village real estate update this week. 321 Ski Way – #213 Mountain Shadows is definitely worth a look at the asking price of $399,000. Inside this refurbished 1360 square-foot property you’ll find 3 bedrooms along with 2.5 baths. The open beam cathedral ceiling with skylights and corner fireplace give this condo a warm Tahoe feel. Upgrades include wood floors, newer double pane windows and a tankless water heater.
The unseasonably warm weather is predicted to continue for at least another week. With little to no snow on the ground at low elevation, buyers can easily look at property. Normally, sales of single-family homes slow down this time of year. But when you can see both the land and the roof it takes a lot of the worry out of writing an offer during wintertime.