Incline Village Real Estate Blog

Activity is picking up in the Incline Village real estate market. Property showings have jumped, and buyers are picking up some of the best listings at the right prices. In the past week, 6 new listings came onto the market in Incline Village and Crystal Bay. There have been 18 price changes- 16 reductions and 2 price increases, 9 new escrows, and 6 new sales. There are 49 properties currently in escrow ranging in price from $90,000 to $12MM, with 347 active listings.

6 New Listings
931 Incline Way #241 McCloud

321 Ski Way #163 Mountain Shadows

862 Jeffrey St

130 Mayhew Cir

545 Country Club

515 Gonowabie Rd

18 Price Changes

16 Price Reductions and 2 Price Increases

New Incline Village Sales

6 New Sales

915 Incline Way sold sold for $350,000

931 Incline Way- McCloud sold for $350,000

840 Jennifer St sold for $775,000

101 Red Cedar Rd sold for $917,000

898 Lake Country Estates sold for $1,165,000

300 Glen Way #4- The Reserve sold for $1,020,000

New Properties in Escrow

9 new properties under contract

870 Southwood Blvd- Soutwood Court $154,900

699 Hogan Ct- short sale $299,000

788 Geraldine $394,000

144 Village Blvd- McCloud $399,000

820 Oriole Way- Royal Pines short sale $449,000

340 State Rt 28 $595,000

1069 Mill Creek $699,000

101 Red Cedar $985,000

465 Eagle $2,995,000

In the past two weeks, 30 new listings have come onto the market in Incline Village. There have also been 28 price changes (all except 1 were reductions), 11 new escrows, and 3 new sales. There are 50 properties  in escrow, ranging in price from $399K to $12M, and 360 active listings. Activity has picked up with increased showings following our busy President’s Day weekend, and new listings will likely continue increase into spring.

Notable New Listings

971 Fairway- $379K- Wow! 3 bedrooms and 1,584 sq ft living on the Championship Golf Course

1000 Lakeshore- $389K- Location, just across fromt he Hyatt and Incline Beach

562 Antler $499K- Nice 3 bedroom home in Lower Tyner

1064 Mill Creek $675K- Great 3 bedroom opportunity in Mill Creek

999 Lakeshore $1.250M- 3 bedroom Lakefront with buoy near front of complex

933 Northwood, The Pointe $1.325M- Lowest priced unit at The Pointe with lake views, comparable in price to my recent sale for a penthouse unit

1655 Pine Cone Circle | 1665 Pine Cone Circle- 2 lakefronts on a desirable Incline neighborhood with 2 notable sales in 2009

587 Lakeshore | 585 Lakeshore | 573 Lakeshore- The former “Trepp Estate” is offered as individual properties- the caretakers home and vacant lot with shared pier access is now in escrow, while the 6,000 sq ft+ main home and guest home are now listed separately with shared pier access, acres of gorgeous landscaping with ponds, ornamental trees, gorgeous annuals and perennial beds. The main home feaures an outdoor pool and guest quarters over the garage.

Notable New Escrows

807 Alder – $179K- moved from my Best Buy list to contingent, this 2 bedroom condo is located in Woodstock featuring a clubhouse and central location, a great buy.

New Sales
996 Wedge Court- Sold for $1.861M, dramatic Tahoe architecture and high end, custom finishes- a very good buy for this 5,742 sq ft home near the golf course

1084 Lucerne Way- Sold for $657K

997 Dorcey Drive- Sold for $500K

20 new listings

12 price changes- 11 price drops, 1 price increase

8 new sales

4 new escrows

New Sales
Notable sales include 936 Lakeshore, a nicely redone 5,130 sq ft home with 5 bedrooms and 4 car garage listed at $3.1M, sold for $2.75M or $536 per sq. ft. One of the best buys in the past year just closed- a 3,723 sq. ft. home just 10 years old, beautifully landscaped and a stone’s throw from Lakeshore  at 112 Steam Circle just closed at $1.3M, an incredible $349 per sq. ft. for this steal. This home was listed at $1.649M- I have shown several clients this home in the past year and happy to have helped connect these lucky buyers through my website- congratulations on a great purchase!

New Escrows
One hot new escrow includes an Incline Creek Estate short sale at 845 Rosewood listed at only $845,000! This property just went into escrow with one of our Intero agents, a gorgeous 2,700 sq. ft. smart home built in 2006 with all the high end features such as hydronic heat and home management system in a gated community.

New Listings
For anyone shopping in the below $200K category, you need to see the new listing at 807 Alder in Woodstock, a nice complex with clubhouse centrally located, with nearly 1000 sq ft now listed at $179K. A new listing at 1000 Lakeshore at $675K is a great buy- beautifully remodelled across from the Hyatt. A great building opportunity at 1120 Lakeshore was just listed at a bargain $750,000! Contact me for more details- plans available for 4 bedroom home, but livable quaint cottage in the meantime.

Price Changes
Incline’s only former bed and breakfast was just reduced to $899,000- a great buy for this remodeled 6 bedroom, 6 bath home at 593 Dyer Circle.

March 5-14, 2010. Every spring since 1982, North Lake Tahoe comes alive with ten fun-filled days and nights, jam packed with events and activities for all ages. This year, the annual favorites will be back, along with a host of great new ones! On and off the mountain, at North Tahoe’s numerous resorts, and vibrant lakeside neighborhoods, there’s something for everyone. Enjoy on-snow events at resorts like Squaw Valley USA, Alpine Meadows, Homewood, Diamond Peak, and Northstar-at-Tahoe; Participate in special events, parades, races, parties, concerts, theater; and of course, there’s plenty of wining and dining to be had at North Lake Tahoe’s fine restaurants and lively establishments. tahoesnowfestival.com.

The Mortgage Market Guide
OMG Lenders

“BOTH OPTIMISTS AND PESSIMISTS CONTRIBUTE TO OUR SOCIETY. THE OPTIMIST INVENTS THE AIRPLANE, AND THE PESSIMIST – THE PARACHUTE.” G.B. Stern. And last week’s Jobs Report had something for both optimists and pessimists, as the numbers were both good and bad…depending on which survey you looked at, and what numbers you focused on.

First, the headline numbers: The Labor Department reported that there were 20,000 jobs lost in January, which was worse than expectations of 15,000 jobs gained. However, the Unemployment Rate came in lower at 9.7%, down from last month’s read of 10.0%. But what do these numbers actually tell us?