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  • Writer's pictureInside Incline

Incline Village Real Estate, Market Report November 14. 2022

It was a fairly quiet week for the Incline Village real estate market. There were just 2 new listings, 6 price reductions, one property going into escrow and one place closing escrow on the Incline Village MLS. November is the month that generally sees the fewest number of visitors to Lake Tahoe each year. As a result, real estate sales tend to go into a slumber as the days get shorter.

To the delight of skiers on the North Shore of Lake Tahoe, the Mount Rose Ski Area opened with limited operations last Friday. The chilly temperatures will allow the resorts to continue snowmaking adding to the recent base from the storms last week. Let’s all hope this will be a big winter both from a recreational and environmental perspective.

The one property going into escrow on the Incline Village real estate scene last week was the condo in Mountain Shadows that we featured in last week’s blog. That property had received a nice price reduction down to $720,000. Buyers need to monitor both price reductions and new listings so they don’t miss out on property that appeals to them especially if it gets reduced to an eye-catching price.

There is one rather intriguing new listing on the Incline Village MLS that merits a closer look. 916 Harold Dr. – #27 Cedar Crest is a recently updated three-bedroom, 2 bath, 1500+ square foot freestanding condo with a 2 car attached garage. Offered at $985,000 the oversized garage with workshop alone makes this property worth a look. Inside you will find a host of improvements including chiseled slab granite counters, stainless steel appliances and hardwood flooring to name just a few.

This particular complex of freestanding condos is in a nice location adjacent to the Championship Golf Course. Level driveways provide easy access all year-round. You are just a short distance from center of town and about 1.5 miles to the beach. Definitely worth a look for anybody seeking a good property at relatively low elevation.

In local news, it looks like Julie Regan is going to replace Joanne Marchetta as the new executive director at the Tahoe Regional Planning Agency (TRPA). Julie has been an executive with the TRPA for many years and is well versed in the workings of the agency. We want to wish her the utmost success in helping the TRPA achieve its original mission of protecting the environment and preserving Lake clarity.

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