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  • Writer's pictureSabrina Belleci

Incline Village & Crystal Bay Real Estate Market Update - June 17, 2024

Updated: Jun 19

It was a breezy weekend here in Incline and around the basin, but that didn't stop people from heading to the beach on Friday or hitting the trails on Sunday for Father’s Day. Amid open houses and showings, I explored another local gem: the Mt. Rose waterfall loop and the Tahoe Rim Trail. Despite the significant snow still lingering on the trail, the breathtaking views made it all worthwhile.



Although temperatures may be cooling off this week in the Lake Tahoe basin, they haven’t chilled the hot real estate market. This week saw typical summer activity with  21 new listings, 7 pending sales, 18 price adjustments, and 4 successful closings.

After a substantial price reduction, 640 Lakeshore Blvd went into escrow this past week. This lot's uniqueness is unparalleled on the "dry side" of Lakeshore Blvd. Positioned above the road, it offers a buffer from the busy summer traffic. An undeveloped parcel across the street provides filtered lake views and is just a short distance from Burnt Cedar Beach. Although located on Lakeshore, this property is technically part of the Lakeview Subdivision, which has consistently been in high demand. For more details on Lakeview Sub, click here for the Inside Scoop.


I am thrilled to share that I have earned the Certified Luxury Home Marketing Specialist - Elite Designation. This is the highest accolade in the luxury real estate field, reflecting my unmatched market expertise, specialized abilities, and access to a prestigious network that ensures a flawless and extraordinary luxury real estate journey for you here in Lake Tahoe. Additionally, I will be attending the RE/MAX Luxury Forum, hosted locally here at the Ritz Carlton Lake Tahoe, to further enhance my skills and connect with other luxury agents from across the United States.


Thank you for staying updated with us, and we look forward to assisting you with all your real estate needs.


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

Statistics were gathered from the Incline Village MLS on 6/17/24


Houses

Condos

PUDs

For Sale

69

61

19

Under $1 Million

0

30

4

Median Price for Sale

$3,195,000

$1,035,000

$2,299,000

YTD 2024

95

45

9

YTD 2023

22

37

10

YTD 2022

58

71

13

New Listings

21



In Escrow

10



Price Reductions

18



Closed Escrow

4



Range in Escrow

$599,000 - $6,800,000



These statistics are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of June 16, 2024


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