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Cooler Temps & Sizzling Real Estate: August 2, 2023 Market Update in Incline Village and Crystal Bay

Welcome to our latest real estate market update for Incline Village and Crystal Bay! As we kick off August, we're finally getting a break from the scorching heat with cooler temperatures and some overcast skies. Ah, the sweet relief! And guess what? The lake is finally warming up, inviting us to take a refreshing dip.

With school starting soon, it feels like Incline is taking a little breather during the weekdays, but the weekends are buzzing with activity. Speaking of activity, the real estate market hasn't slowed down one bit. It's still red hot, with properties receiving multiple offers and getting snatched up faster than you can say "dream home."

Despite the cooling temperatures, the real estate market in Incline Village and Crystal Bay has remained steady this week. We've witnessed 10 new listings hitting the market, 12 price reductions, 11 contingent listings, and 4 successful sales. The market is alive and kicking!

Oh, and did we mention the fantastic properties up for grabs? From a refreshing $650,000 to a luxurious $9,000,000, we've got a wide range of options to suit every taste and budget here in Tahoe. Let's talk about a couple of standouts, shall we?

First up, we have a gem of a property (and our newest listing) that just hit the MLS: 978 Glenrock Ct., Unit #36.

This freestanding chalet is not only a killer vacation rental but also boasts a setting next to a year-round creek that will soothe your soul with its gentle murmur. With 3 bedrooms, 2 bathrooms, and a stunning remodel, it's move-in ready and listed at $996,000. Trust us; this one won't last long!

Now, let's talk about some exciting news - we've got some record-breaking sales happening again. 912 Lakeshore Blvd. on the dry side of Lakeshore Blvd. went pending with an asking price of $9,000,000, after having been previously listed for 6 months then withdrawn in 2021. 557 Dale Drive, with stunning views and a recent remodel, also went pending within days of being listed at $6,350,000. Talk about in-demand properties!

As we navigate this bustling market, it's clear that demand continues to outpace our inventory. So, if you're on the hunt for your dream home, it's time to buckle up and get ready for the thrill ride. The real estate roller coaster in Incline Village and Crystal Bay is in full swing!

Stay tuned for more exciting updates, insider tips, and jaw-dropping properties. And remember, we're here to help you find your perfect slice of Lake Tahoe paradise!

Here are the latest stats from the Incline Village and Crystal Bay Real Estate Market

Disclaimer: The information provided in this market update is meant for informational and entertainment purposes only. For specific real estate advice and guidance, it's always best to consult with a qualified real estate professional who knows the ins and outs of our local market. Happy house hunting!

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