Incline Village Real Estate: August 10th Market Update
The frenetic pace of the Incline Village real estate market continues. 25 properties went into escrow ranging from $269,000 for a little condo all the way up to nearly $25 million for a lakefront estate in Crystal Bay. The inventory continues to drop as there were only 15 new listings to go along with three price changes and 26 places closing escrow.
This has really been an incredible summer for everyone connected to the Lake Tahoe real estate market. The pace of sales activity is far ahead of last year and if we have enough inventory it could exceed anything we’ve seen since coming out of the Great Recession. But, the lack of inventory will surely prevent us from breaking any annual sales records set in the early 2000s.
There are a couple of new listings on the Incline Village real estate scene that buyers will want to check out pronto. Here is what Sarah has to say about her new listing at 378 Winding Way
“Gorgeous low elevation remodeled single family home that was taken down to the studs! This home, situated on almost a half acre, features 4 bedrooms, 2 full baths, a family room and oversized 2 car garage with workshop. Bring all the toys, there's even RV parking! Fully fenced and beautifully landscaped back yard with dog run, hot tub and gas stub for BBQ.
Upgrades include ALL NEW: electrical, plumbing, insulation, roof, furnace, front yard including new driveway, landscaping, irrigation and french drain, new back yard with paver patio, grass and irrigation, new indoor/outdoor audio, wired for outdoor cameras, wired for auto shades, home automation system, in-floor heating in upstairs bathroom and downstairs in bathroom/family room. Oversized 75 gallon water heater. Easily walk to Preston Field which features kids playground, baseball field and BBQ's. As an owner in Incline Village, you will gain full access to our exclusive amenities, including 3 private sandy beaches & more!”
Sabrina has a nice new listing at 807 Alder Ave #3 – All Seasons. This is a one bedroom, one bath, 700 square-foot end unit condo priced at $349,000. Ground-floor unit close to the parking lot for easy access all year-round. The interior has been extensively remodeled with granite countertops, a new stacked stone fireplace, new flooring, custom tiled shower and other nice finishes.
The low elevation location puts you less than two blocks from the post office and the Village Shopping Center. The property also has a good rental history. Makes a great vacation getaway and/or vacation rental. Condos in this price range have been disappearing pretty quickly so you’ll want to check this one out if you’ve been shopping for something under 350K!
Weekly Real Estate Update
Statistics gathered from the Incline Village MLS on August 9, 2020
Houses Condos PUDs
For Sale 54 21 8
Under $1 million 5 11 4
Median Price For Sale $3.255,000 $925,000 $1,995,000
YTD Sales 2020 124 117 37
YTD Sales 2019 87 86 33
New Listings 15
In Escrow 25
Closed Escrow 26
Range in Escrow $269,000 - $24,850,000
The statistics contained herein are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of August 9, 2020