Incline Village Market Update & Our Newest Listing
The Incline Village real estate market was really humming along last week. There were 15 new listings, 8 price changes, 6 properties going into escrow and 7 places closing escrow. With this type of new listing activity, the inventory is starting to grow a little bit each week. But we are still a long way from getting to normal inventory levels by historical standards. However, seeing several price reductions each of the last 2 weeks reminds us that sellers need to price their properties reasonably if they want to attract buyers.
Sabrina has a very special new listing this week. The freestanding condo at 1479 Tirol Drive features some really spectacular mountain views! This five-bedroom, 4 bath, 3100+ square foot property is listed at $2,995,000.
“Breathtaking views overlooking acres of forest, Panoramic ski, and mountain views throughout. Captivating custom craftsmanship inside and out with meticulous detail and natural accented materials. True mountain home with newly installed, large expansive windows and an abundance of private outdoor deck space overlooking the ski slopes. Abundant space to host friends and family and tons of storage for all your Tahoe toys.. Rare outdoor landscaping on the front terraces and across the street. One of the few private homes on the street surrounded by open space and forest. Enjoy close proximity to some of the best local skiing, hiking, and biking trails within a few minutes from your home.”
Click the button below to see and learn more about this amazing home!
That said, the properties getting accepted offers on the Incline Village real estate scene last week ranged in price from $410,000 for a one bedroom condo in Pinebrook all the way up to $4.8 million. We are continuing to see strong activity in the luxury home market. Affluent buyers from California, Texas and other parts of the country continue to show interest in high quality properties. So far, the wild gyrations in the stock market have not been a deterrent to buyers of Incline Village real estate.
The snow has been melting often very quickly during the past week. With unseasonably warm temperatures and the sun moving higher in the sky every day creeks are running full bore in the Lake Tahoe basin. It’s very tempting to jump in the lake this time of year on a warm sunny day. Please remember that the temperature of the lake is still very cold. If you are taking a boat on the lake this time of year please do not try swimming in the middle of the lake. You can very quickly develop hypothermia and we don’t want any of our readers becoming a statistic.