What it is in Incline Village Real estate in 2011 so far….
February 4, 2011
After two heavy duty snow months in the last months of 2010, January lightened up weather wise, so our would be buyer’s can get up to Tahoe to ski and check out real estate. Buyer activity has increased the past two weeks, causing the market to move just a bit. With 6 homes selling so far in 2011, the momentum or lack of is very similar to last year.
Currently there are 165 active homes on the market in Incline Village, and 10 homes in escrow.4 of those 10 are “distressed” either bank owned or short sales.5 of these pending sales are under $550k, and 5 over $950k. 3 of these are over $2m.So again we are seeing two distinct markets, the bargain hunters picking up the distressed deals, and the luxury buyers making deals on some significant roll back pricing.
128 condos are on the market in Incline, 9 under contract, 4 of which are short sales or bank owned.
46 “PUDS”(freestanding condos) are on the market, 3 are in escrow, 2 of which are short sales or bank owned.
A few notable price reductions:
www.345countryclubdrive.com built in 2005, fronting the 13th Fairway on the Incline Championship course, had a price adjustment down to $2,595,000.This in one to look at for upscale finishes that could not be replicated at this price.
www.1143lakeshore.com aka www.hiddencovelaketahoe.com our beautiful lakefront property at the east end of Lakeshore Drive was reduced over $1million dollars, now offered at $8,250,000. For an extra large .90 acre parcel, beautiful sandy cove frontage, and a substantial landscaped backyard, and one permitted buoy. Home is 4200’, including a stunning contemporary addition featuring two additional guest suites each with full bath and an open breeze way connecting to the main house.
And still one of the best panoramic lakeviews,off the water ,in Incline Village is www.905tyner.com which has had offers to no success,and is worth every penny in quality and views.
www.734mays.com is a 5 bedroom ,low elevation home,one block up from Burnt Cedar Beach.This house has two family rooms on the main level,each with a fireplace,southern facing deck,large garage and plenty of parking for a boat or guests.The location is right above the bike/walking path ,and a quick down hill to Lakeshore.
www.633village.com is an excellent value,mid elevation,and newer construction.
Please email us or call should you have interest in more detailed market statistics.