Thanksgiving week looks like it could be a relatively quiet time for the Incline Village real estate market. There haven’t been any new snowstorms since that 1st round in early November. So, it looks like a sunny but chilly week ahead for the Lake Tahoe basin. We don’t anticipate a lot of people coming up for what limited skiing is available. But there is still plenty to talk about in our weekly blog.
Checking out the most recent action on the Incline Village real estate scene there were 4 new listings, 5 price changes, 3 properties going into escrow and 5 places closing escrow during the past week. Our featured new listing this week is the lovely single-family home located at 756 Judith Ct.. This 3 bedroom, 2.5 bath, nearly 2100 ft.² house sits on a lot adjacent to US Forest Service land. Nice woodsy setting in a quiet upper elevation neighborhood.
Enjoy the spacious great room with open beam cathedral ceiling and large windows that bring in lots of natural light. Also located upstairs is the nice master suite with double vanity, shower and separate jetted tub. Downstairs you will find 2 guest bedrooms plus a nice big bathroom with double sinks along with a washer and dryer. This means your guests have no excuse for not doing their own laundry since they don’t have to tote it up or down a flight of stairs. Offered at $1,888,000.
As we watch the volatility among various financial instruments, we can’t help but take a moment to comment on the crypto currency crash that has occurred this year. As real estate professionals who also own investment property we never dipped into the crypto craze. While it might have been a good investment opportunity if your timing was right, the lack of intrinsic value in crypto instruments was one of the major factors in keeping us on the sidelines.
All real estate has some level of intrinsic value. It could range from extraordinarily low for a piece of remote desert wasteland to extremely high for a lakefront property at Lake Tahoe. While some property can lose its intrinsic value over time due to erosion, earthquakes or other forces of nature, many properties (such as Manhattan Island) have increased in value far beyond what anyone could have dreamed of at the time of purchase.
Regardless of the types of investments a person prefers it’s important to always perform your due diligence and take the time to weigh the risks to determine if the investment is suitable. At different points in our lives, we all have different financial needs and investment goals. Taking the time to plan carefully and then execute your plan properly can lead to very rewarding outcomes over the long-term.