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  • Writer's pictureSabrina Belleci

Kickin' Off July 4th Week in Incline Village and Crystal Bay | Real Estate Market and Community Update - June 26, 2024

As we gear up for the Fourth of July festivities in Incline Village and Crystal Bay, our town is vibrant with patriotic colors and bustling with excitement. The community has a fantastic lineup of events and activities for families throughout the week. Be sure to check out our Inside Scoop for all the fun happenings!

Real Estate Market Update

The real estate market has seen an uptick in new listings and a slight slowdown in closings, which is typical for this time of year. This week in Incline Village and Crystal Bay, the number of homes hitting the MLS exceeded those going pending or sold. We experienced relatively normal summer activity with 11 new listings, 4 pending sales, 13 price adjustments, and 5 successful closings.


Lakefront condos are making a strong comeback this summer. In the past week alone, we've seen two lakefront condos sell in a matter of days. A unit at 549 Lakeshore Blvd, 28 Crystal Shores East, sold off-market for $3,300,000. Another unit, 501 Lakeshore, unit #45, was only on the market for two days before going pending and eventually selling at $2,975,000. These sales followed closely after a highly sought-after unit at 999 Lakeshore next to the Hyatt sold in less than two weeks for over the asking price by $150k, closing at $3,150,000.


One standout new listing is the well-appointed property at 415 Gonowabie. It evokes the charm of an East Coast lake house, featuring great views, meticulous maintenance, a garage, and extra parking—truly a valuable find on this narrow and winding street.


Fourth of July Festivities

We're thrilled to celebrate the Fourth of July with our community and clients. The festivities are set to create wonderful memories for all, with a host of events planned to ensure everyone has a fun, safe, and joyful week in the mountains. Click here for our Inside Scoop on the IVCB Local Heroes 4th of July Celebration July 2-4.


We look forward to seeing you around town, enjoying the celebrations, and maybe even finding your next dream home in our beautiful community. Happy Fourth of July from all of us!



HERE ARE THE LATEST STATS FROM THE INCLINE VILLAGE & CRYSTAL BAY REAL ESTATE MARKET

Statistics were gathered from the Incline Village MLS on 6/26/24


HOUSES

CONDOS

PUDs

FOR SALE

75

61

19

Under $1 million

0

31

4

Median Price for Sale

$3,195,000

$999,000

$2,299,000

YTD Sales 2024

45

48

9

YTD Sales 2023

27

40

10

YTD Sales 2022

59

73

13

New Listings

11



Price Reductions

11



In Escrow

4



Closed Escrow

4



Range in Escrow

$775,000 - $2,700,000



Please keep in mind that these numbers are based on data from the Incline Village Board of REALTORS® or its Multiple Listing Service as of 6/26/2024.

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