Incline Village Real Estate Market Update January 16, 2023
It was a rather subdued week for the Incline Village real estate market. But the same cannot be said for Mother Nature. With snow levels bouncing up and down between 9000 feet down and 3000 feet, triple digit winds over the ridgelines and frequent road closures it was a good week to hunker down in front of the fire.
The Incline Village MLS brings us 2 new listings, 2 price reductions, 3 properties going into escrow and 1 place closing escrow. The property that closed escrow located at 623 Tyner Way was a rare auction property that sold for nearly $4 million. From time to time we do see properties in our community being sold via the auction process instead of the traditional method. In this case the original asking price of $6,900,000 was a bit of a fantasy. While the property is spacious, stunning and in a lovely woodsy setting, it probably never should have been built in the 1st place since its practically in the stream zone for 2nd Creek.
Both of the new listings this week are condos that will catch the eye of any buyer with a budget under $1 million. First up is #15 McCloud priced at $999,000. This 2 bedroom, 2 bath, 1111 ft.² upper unit is in a sweet location not far from the beach. After prices topped out in this complex last year around $150,000 higher, this particular property is worth a look especially since the bathrooms were recently remodeled. If you want to be close to everything in town, we recommend putting this property on your short list of places to view.
Maybe a three-bedroom condo is more your style. In that case, 321 Ski Way – #84 Mountain Shadows priced at $888,000 could be right up your alley. This 3 bedroom, 2.5 bath, 1360 ft.² two-story townhouse style condo has been beautifully remodeled. You’ll find custom cabinets, elegant granite countertops, stainless steel appliances, luxury laminate flooring and other improvements too numerous to mention. Arguably 1 of the nicest remodel jobs ever done in this complex. The location puts you about ½ mile from the Diamond Peak Ski Area and approximately 1 mile from the center of town.
Please do not try driving to the Lake Tahoe area until the current round of storms end and the highways have been plowed completely. One of the worst things people can do in the wintertime is to drive on the roads while it is snowing before the plowing is finished. Vehicular traffic packs down the snow which will then turn to ice when temperatures plummet at night. If everyone would just let the snowplow drivers do their job, we will have much cleaner and safer roads to drive on during the winter season.
Secondary roads are going to be treacherous for quite some time. It’s important when driving on the neighborhood streets to keep your car in 1st or 2nd gear and proceed slowly and cautiously. As the saying goes back in New England, “if you haven’t spun out into a snow bank, then you haven’t been driving very much this winter.”