The winter storm that was supposed to arrive on Friday was pretty much a nonevent on the Nevada side of Lake Tahoe. The West slope of the Sierras got up to 12 inches of snow in places. But owners of Incline Village real estate didn’t even need to take out their snow shovels. It was pretty much rain below 7500 feet. The next storm arriving later this week could produce enough snow to get some of the ski resorts spinning their lifts.
Sales of Incline Village real estate slowed down a little bit, but it was still a solid week by autumn standards. 6 properties went into escrow along with 7 new listings, 3 price changes and a staggering 15 properties closing escrow. The properties going under contract ranged from $379,000 up to $1,450,000. Condo inventory is very low with only 51 places currently listed for sale on the Incline Village MLS. This represents approximately a 3 month inventory. So, while single-family home buyers still have a nice supply to choose from, condo shoppers need to move quickly when a property they like hits the market.
Budget priced condo buyers will want to check out the partially remodeled property at 801 Northwood Blvd. – #33 Incline Manor. This two-bedroom, 1.5 bath, 960 square-foot property has numerous upgrades including gas heat. The one car carport and additional storage are great amenities especially with winter approaching. It’s really hard to find covered parking at this asking price which is a sliver under $300,000.
Anyone looking for a single-family home under $1.1 million may wish to check out 967 Cinnabar. You’ll find a nice woodsy setting with a peek of the Lake and some mountain views along with a stream adjacent to the property. The house is situated near the end of a cul-de-sac and buffered by trees from Country Club Drive. Inside this home boasts 4 bedrooms, 3.5 baths and over 2600 ft.² of living space. The upper level master suite offers a nice sense of privacy and features 2 separate walk-in closets. The rear deck overlooks the creek. Offered at $1,095,000.
On a personal note, Sabrina will be attending the National Association of Realtors annual convention in Chicago. While she is away Don and Cole are available to assist with whatever you may need concerning Incline Village real estate or anything at Lake Tahoe.