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  • Writer's pictureSabrina Belleci

Warm Weather and Real Estate Highlights | Incline Village and Crystal Bay Real Estate Update June 5, 2024

With the sun shining brightly and warm weather upon us, the end of the school year brings excitement for one of the best seasons in Lake Tahoe. Many local trails have cleared of snow, making them perfect for hiking and biking, while higher trails remain snow-covered. This past weekend, I enjoyed a stunning view of our beloved Village from Rifle Peak (see photo). We eagerly await more trail openings, but the lingering snow is a welcome deterrent to potential fires.


This week, the Incline Village and Crystal Bay real estate market experienced relatively normal summer activity. We saw 11 new listings, 6 pending sales, 9 price adjustments, and 5 successful closings.


A standout property, 1709 Lakeshore Blvd, recently underwent a drastic price reduction. This lakefront home, originally listed for $10,900,000, is now priced at $6,000,000—a remarkable figure for a lakefront property in Incline Village. This new strategy involves collaboration with a high-end live auction company.


Additionally, 120 Juanita was recently listed at $1,250,000. These units boast a fantastic location within walking distance to the lakeshore path, Incline beaches, and town amenities. With a great floor plan, they also perform well as investment properties. This is currently the best available unit under $1,500,000 in Incline Village.


As graduation season and family vacations approach, we expect the coming week to be a bit slower. This could be an excellent time for buyers to secure a property before the summer rush.


Summers in Lake Tahoe are wonderful but short, so make sure to soak up every minute of it. If you're interested in finding out what your property might be worth this summer, don't hesitate to reach out for a consultation and free market evaluation.


If you're interested in finding out what your property might be worth this summer, don't hesitate to reach out for a consultation and free market evaluation.

Information gathered from the Incline Village MLS on 06/05/2024


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



Houses

Condos

PUDs

For Sale

67

44

14

Under $1 million

0

24

4

Median Price for Sale

$2,999,000

$752,500

$2,447,500

YTD Sales 2024

41

38

8

YTD Sales 2023

21

29

9

YTD Sales 2022

54

59

13

New Listings

11



Price Reductions

9



In Escrow

6



Closed Escrow

5


Range in Escrow

$775,000 - $4,795,000



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 06/05/2024.


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1 Comment


Laurie Johnson
Laurie Johnson
Jun 06

Your the best Sabrina thank you!

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