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  • Writer's pictureInside Incline

Incline Village & Crystal Bay Real Estate Market Update, November 9, 2023

The recent arrival of chilly, crisp air in Incline Village and Crystal Bay has brought with it the unmistakable excitement for the impending ski season. Mt. Rose is already blanketed in snow, triggering the irresistible urge to dust off the ski boots. While the local ski resorts announce early opening dates, memories of last year's massive snowstorms and an enduring winter linger. Grateful for a respite from the summer fire season, there's a hint of hesitation about the prolonged winter months ahead.


Incline Village Real Estate Market Update

In the real estate realm, the week witnessed vibrant activity, highlighted by the swift entry into escrow for our latest listing, 551 N. Dyer Cir. in Incline Village and the buzz persists with inquiries for potential new listings coming our way. Traditionally a highly seasonal market, the Tahoe real estate landscape has undergone a transformation, adapting to a year-round rhythm, especially after the impact of the pandemic. Despite advice from some agents to defer listing until after the holidays or winter, the current quarter presents a unique opportunity for sellers. Standing out in the shoulder season, amidst limited competition, can be a strategic move. Moreover, buyers seeking Nevada residency or engaging in a 1031 exchange before year-end find Q4 listings in Lake Tahoe particularly appealing.


As snowflakes make their way into our foreseeable future, the local market maintains its momentum, revealing 5 new listings, 11 price reductions, 8 contingent listings, and 4 successful sales.


One property that commands attention is a new listing by RE/MAX North Lake, skillfully represented by Sarah Clark and Dave Hanzcarek. Nestled on a picturesque lower elevation Eastern Slope lot, 349 Second Tee Dr. radiates untapped potential. While retaining its original charm, the possibilities are boundless. What makes this listing even more enticing is its price tag, comfortably below $2 million. With a touch of cosmetic updates, this property could evolve into a timeless Incline home, offering immediate equity. In the dance between snow-draped landscapes and the vibrant real estate market, Incline Village and Crystal Bay continue to provide a captivating backdrop for those seeking the perfect winter retreat.


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

Incline Village and Crystal Bay Weekly Real Estate Stats

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