Incline Village Real Estate Market Report, September 26. 2022
What a beautiful autumn week we have for anyone coming up to Tahoe to check out the Incline Village real estate scene. Sunny skies, crystal-clear air without smoke from any fires and pleasant temperatures make this the perfect time to enjoy the last week of September in the Sierras. The little bit of rain that we got last week was very welcome. It helped to clear the skies and reduce the fire danger.
It was a modest week for the Incline Village real estate market. There were a total of 6 new listings, 9 price reductions, 2 properties going into escrow and 7 places closing escrow. The properties changing hands to new owners are all moderately priced ranging from $360,000 for a tiny one bedroom condo up to $2.5 million for a single family home in the Mill Creek subdivision. Luxury sales have started to slow down here and in other parts of the country. This is typical when we have economic uncertainty or there are concerns of a possible downturn ahead. Whether we end up with a soft landing, a recession of some flavor or stagflation remains to be seen.
This week there is one cute condo that we would like to take a closer look at. 335 Ski Way – #344 Burgundy Hill is a 2nd story unit featuring one bedroom, 2 full bathrooms and 1064 ft.² of living space. Nicely remodeled throughout you even get a small Lakeview to enjoy! This is a very popular floor plan especially because of the 2nd full bathroom. You can utilize the alcove in the living room as a 2nd sleeping area if desired.
Upgrades include stainless steel appliances, granite countertops, under-counter lighting and more! The condo boasts hydronic heat. This is quiet, efficient and keeps the place toasty warm on those chilly winter nights. We love the underground parking garage and elevator. This makes wintertime access super easy. The condo itself is in close proximity to the Diamond Peak Ski Area. Click Here to See a Virtual Tour
The latest newsletter from the TRPA contains an excellent article about the efforts to prevent aquatic invasive species from harming Lake Tahoe. The boat inspection program that began in 2008 is the primary reason we have been able to keep the lake free of invasive shellfish species. The primary reason we have the boat inspection program is because of the efforts of Don Kanare, Stuart Yount (who was on the TRPA Board of Governors) and Kevin McMillan the former editor of the local newspaper.
All 3 pushed simultaneously in 2007 – 2008 to make boat inspections mandatory prior to anyone launching at Lake Tahoe. Large numbers of lakes throughout the West were becoming infested with a variety of plants and shellfish that were wreaking havoc on their ecosystems. Prior to 2007 this issue was barely on the radar screen of the TRPA. We all owe a special thanks to Mr. Yount for his hard work to convince the other members of the TRPA Board of Governors about the necessity of boat inspections. Click Here to Read the Article from the TRPA