With The Recent Market Shifts, Are We Returning To A Regular Weekly Flow?

It was a return to a bit of normalcy for the Incline Village real estate market this past week. There were 10 new listings and 7 properties going into escrow on the Incline Village MLS. After a barrage of new listings during the past 30 days we don’t know if this is an anomaly or a return to a more regular weekly flow.

One thing that’s interesting to note is that the least expensive property is a condo priced at $799,000. Prior to the most recent real estate boom we would have seen new condo listings well under the $500,000 price point. That is now the exception to the rule. It appears that the floor for prices for Incline Village real estate is a rising tide that has lifted all boats. Whether the tide remains high and for how long remains to be seen.

Our favorite new listing this week is the aforementioned condo priced at 799K. 837 Southwood Blvd., #16, Creekside West is a very nicely remodeled condo situated next to a year-round Creek. This 3 bedroom, 2.5 bath, 1332 ft.² unit boasts many upgrades. The kitchen has been nicely remodeled, the cabinets and lighting look beautiful. The flooring throughout is tastefully elegant. The master suite upstairs overlooks the creek.

This low elevation inside unit is close to everything in the center of town and a relatively short distance from both the beach and the Village Shopping Center. That’s where you’ll find the post office, a couple of restaurants and some local stores to peruse.

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On a more somber note, the Oak Fire just west of Yosemite National Park is exploding in size. As of this writing there is 0% containment. With hot dry conditions the fire is creating its own weather and will likely spread rapidly for the next several days. There is no rain in sight so we can’t count on mother nature to put out the fire. All we can do is support the fire crews and hope that the wind does not blow the smoke into the Lake Tahoe basin.