Archive for August, 2017

Incline Village and Crystal Bay, Lake Tahoe Luxury Market Update

Tuesday, August 22nd, 2017
Incline Village & Crystal Bay Market Report August, 2017
Summer continues to be strong for luxury home sales in Incline Village, Nevada. The luxury market over $2 Million is has made a strong comeback this year, with Buyers trending mainly towards Lakeshore area homes and select Mountainside properties. Lakefront sales jumped this year with 4 sales from $5 to $31 Million, and 3 other pending sales. Inventory in the Lakeshore area has dropped, with 11 additional homes pending sale, while well priced upper elevation homes are more readily available with commanding lake views.

Lakefront Market

Lakefront activity was very brisk this season, although inventory is extremely low. There are only two Incline Village lakefront listings including one “off-market” new construction lakefront home- contact Lexi for additional lakefront opportunitiesThere are five Crystal Bay lakefront listings including 3 homes priced from $10M to a lofty $75M for Crystal Pointe estate. There were four recent lakefront sales all represented by Sierra Sotheby’s agents on one side of each transaction, including 825 Lakeshore just sold for $5.67 Million, 1155 Lakeshore Lexi’s sale for $11.6 Million, Lake Tahoe Castle at 857 Lakeshore just sold for $17.75 Million, and the Wynn Estate at 1041 Lakeshore just sold for $31.1 Million. There are two Crystal Bay Lakefront homes pending sale currently at 526 Gonowabie priced at $7.3M and 490 Gonowabie priced at $6.5M and one lakefront condo at Crystal Bay Cove.

Lexi’s Featured Lake Tahoe Sales
1155 Lakeshore
1155 Lakeshore Boulevard
Lexi Buyer Side
121 Mayhew Circle
121 Mayhew Circle
Lexi Buyer Side
435 Fairview Boulevard
435 Fairview Boulevard
Lexi Listing Sold

Pending Sales

There are 13 sales pending sales over $2 Million currently, all but 2 of these are in the lakeside areas of Incline Village and Crystal Bay. The current market shift towards lakeside areas continues, below Tahoe Blvd. and Highway 28.

Sales to Date 2017
Sales over $2 Million have made a noticeable come back this year, with 24 properties sold to date in 2017 versus 16 properties sold for the same period in 2016. Half of the 2017 sales (12) were priced over $3 Million, whereas there were only 5 sales over $3 Million to date in 2016. The lakeside area of Incline Village is selling at the fastest pace, with over half of the sales in 2017 located by the Lake.

Active Listings

There are 18 active listings from $2 Million to $3 Million and 30 active listings over $3 Million currently.

Search all Incline Village and Lake Tahoe properties
There are many other “off-market” properties coming available. Inquire if you would like to know before they list!
Featured Lake Tahoe, Nevada Listings
550 & 560 Sierra Sunset
550 & 560 Sierra Sunset
1266 Tamarack Drive
 1266 Tamarack Drive
907 Tyner Way
569 Alden
536 Alden
 
 591 Pinto Ct.


591 Pinto Court
447 Lakeshore Boulevard
447 Lakeshore
 1003 Marlene Street

1003 Marlene Street
 
 1442 Berne Court

1442 Berne Court
 683 Tyner Way
 683 Tyner Way
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Featured Lake Tahoe, Nevada Foothills Listings
14785 Chartreuse
14785 Chartreuse Court, Reno
280 Five Creek Road
280 Five Creek Road, Gardnerville

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