Spring is in full swing for the Incline Village real estate market. Sales activity remains strong as buyers from urban areas seek to relocate to the beauty and serenity of Lake Tahoe. It’s kind of interesting. While the majority of America’s cities and towns will probably suffer pretty significant fallout in their local real estate markets there might actually be some resilience on the Nevada side of Lake Tahoe.
There are so many positive benefits to living in Incline Village and Crystal Bay and escaping from a high density urban area is just one of them. The clean mountain air, beautiful scenery, lack of traffic (most of the year) and abundant recreational opportunities make this a great part of the world to inhabit.
Checking out the the Incline Village real estate activity last week we had 10 new listings, six price changes, seven properties going into escrow and six places closing escrow. The prices of properties getting accepted offers ranged from $315,000 for a little condo all the way up to nearly $4.5 million for a luxury home in the Ponderosa subdivision. Showing activity remains remarkably good in spite of the coronavirus situation (which fortunately has been rather minimal so far at Lake Tahoe)
It’s not often that we see a freestanding condo in the Lake Country development hit the Incline Village real estate scene. But it’s your good fortune this week that #875 came on the market with an asking price of $1,450,000. This three-bedroom, 2.5 bath, 2700+ square-foot property has a great floor plan and very nice finishes throughout.
The Master Suite is on the main living level and all of the rooms are spacious and well proportioned. This is one of the most desirable freestanding condo developments anywhere at Lake Tahoe. We recommend that you check out the virtual tour and give us a call if you are interested in this property. Click Here to See a Virtual Tour!
Weekly Real Estate Update
Statistics gathered from the Incline Village MLS on May 17, 2020
Houses Condos PUDs
For Sale 75 50 16
Under $1 million 11 32 5
Median Price For Sale $2,595,000 $695,000 $1,198,000
YTD Sales 2020 35 45 13
YTD Sales 2019 42 50 19
New Listings 10
In Escrow 7
Closed Escrow 6
Range in Escrow $315,000 - $4,495,000
The statistics contained herein are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of May 17, 2020