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  • Writer's pictureSabrina Belleci

Incline Village & Crystal Bay Real Estate Market Update - July 1, 2024

The Fourth of July week has arrived in Incline Village, and the town is alive with festive events. Our community is adorned in red, white, and Tahoe blue, with flags waving proudly from our homes and local businesses.



Hot Weather, Hot Market

The weather isn't the only thing heating up this week—the local real estate market is on fire too with  18 new listings, 4 pending sales, 18 price adjustments, and 4 successful closings.

One standout new listing is at 1056 Lakeshore Blvd. setting a high mark for properties on the "dry side" of Lakeshore Blvd. The home boasts 6 bedrooms, 6 bathrooms, 7,157 square feet of living space, all situated on 0.68 acres of stunningly landscaped grounds.


On the more affordable end, 967 Little Burro Ct. is a fantastic deal that hit the market this week. Listed at $1,290,000, this home is nestled on a small, quiet cul-de-sac on the east slope, offering 3 bedrooms, 2 bathrooms, and an attached 2-car garage.


Additionally, 447 Lakeshore Blvd. is now pending after being on and off the market for a few years. This property, once offered as a development package for $43,850,000, presents a challenging development opportunity due to the steepness of the lot and its location next to the homes at the top of Gonowabie Rd.


Our Annual Local Heroes Celebration has begun! Join us from June 2nd to 4th as we honor and celebrate the individuals who make Incline Village safer and brighter every day. Enjoy our annual parade (and look out for me!) and community fair, along with an array of festivities including concerts, food, ceremonies, and more. Then, in true Tahoe fashion, we’ll close out the week with a spectacular fireworks display over the lake.

You can find all the event details and the full calendar at the link. We hope to see you there!






As we celebrate Independence Day and enjoy the community events, we’re also thrilled to see the vibrant activity in the local real estate market. Wishing everyone a fun, safe, and joyful Fourth of July week in the mountains!


HERE ARE THE LATEST STATS FROM THE INCLINE VILLAGE & CRYSTAL BAY REAL ESTATE MARKET

Statistics were gathered from the Incline Village MLS on 7/1/24


Houses

Condos

PUDs

For Sale

83

69

20

Under $1 Million

01

35

5

Median Price for Sale

$2,999,000

$999,000

$2297000

YTD 2024

54

51

9

YTD 2023

29

41

10

YTD 2022

64

77

13

New Listings

18



In Escrow

4



Price Reductions

19



Closed Escrow

4



Range in Escrow

$1,688,000 - $15,000,000



These statistics are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of July 1, 2024


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