Our weekly Incline Village real estate blog continues on with another big week on the North Shore of Lake Tahoe. 24 properties went into escrow and 21 properties closed escrow thereby keeping the title companies extremely busy. Even with 14 new listings on the Incline Village MLS the inventory declined again. There are only 93 properties currently listed for sale in a community with nearly 8500 houses, condos and freestanding condos.
The properties getting accepted offers last week ranged in price from $325,000 for a little condo all the way up to nearly $6.2 million. We are seeing activity across all price ranges on a regular basis. Super high-end buyers have been very active this year which tells you that the most affluent among us have confidence in the long-term intrinsic value of Incline Village real estate.
Sabrina has a new low elevation listing that will be of interest to condo buyers who want to be close to everything. Here is how she describes #62 Creekside East which is a 3BR, 2.5 bath condo priced at 465K:
“Centrally located, lower elevation condominium, in the heart of Incline Village. Close proximity to Lake Tahoe beaches and shopping centers. Enjoy the mountain life in this well-maintained, low maintenance Creekside East unit. Granite counters, light floors, and neutral paint.
All sliders and windows have been updated. Decorative tile in the guest bathroom lining the full-size tub. The master shower has a seating bench. All bedrooms have high beamed ceilings, mirror closet doors. The exterior back has a paved, fenced, private back patio and an oversized living room with great potential to make it your own. One of the only units with a full attic and great storage.
A very well managed HOA and nicely maintained grounds with newer exterior siding, stone, and roofs. Property is part of Incline Village General Improvement District and has FULL access to community amenities including 3 private beaches, 2 golf courses, recreation center, boat launch, Diamond Peak Ski Area, and more.”
Weekly Real Estate Update
Statistics gathered from the Incline Village MLS on July 19, 2020
Houses Condos PUDs
For Sale 56 25 12
Under $1 million 7 14 4
Median Price For Sale $2,750,000 $949,000 $1,250,000
YTD Sales 2020 86 90 25
YTD Sales 2019 79 76 29
New Listings 14
In Escrow 24
Closed Escrow 21
Range in Escrow $325,000 - $6,195,000
The statistics contained herein are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of July 19, 2020