Incline Village & Lake Tahoe Real Estate
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Incline Village and Lake Tahoe Real Estate
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.
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Incline Village ,Ospreylaketahoe.com hits the news today!
January 15, 2011
A $34M Lake Tahoe Estate Flies Under The Radar - House of the Day …
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Chase International’s Captain of Industry Shari Chase
January 3, 2011
Happy New Year….There are real estate companies and then there are REAL ESTATE companies with hi energy and vision…..Shari Chase,our owner and leader make the difference in having the ability to innovate and succeed in our changing world economy…www.rgj.com/…/Captains-of-Industry-Chase-s-vision-leads-to-…
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2010 Incline Village real estate in review
December 28, 2010
Incline Village Life
Incline Village 2010 in review
HOMES
113 homes have closed in Incline/Crystal Bay so far in 2010 with bets, that we will hit 116 homes sold before year end. 18 of these homes sold were above $2million dollars, with a significant attraction to newer construction and Lake views.46/113 were above the million dollar mark.
Currently there are 175 homes on the market and 8 under contract ranging from $550,000 to $2.4m.5 of these homes under contract is “short sales”, including our luxury listing at www.822ellen.com.
The least expensive home is $290,000 and is truly a fixer upper at best.
There are 10 other homes which are just under $500,000 scattered through a variety of neighborhoods in Incline.
On the other end of the spectrum there have been 4 sales on the Incline Lakefront this year,3 of which were in a gated 4 parcel setting on the West end of Lakeshore. These were all substantial parcels, rocky shore line, and shared pier. The most expensive parcel closed for $11.8 million, on 3.6 acres with a modest house. The 4th sale was our 1169 Lakeshore property closing for $11.3million, on the eastern end of Lakeshore, around onto Highway 28.
We have not seen any real deals on the Incline Lakefront this year as the supply is limited, and most of the homes on the market are priced for the amenities ,such as pier, permitted buoys ,lake frontage, dwellings, and most importantly one of a kind locations .Currently there is an excellent choice of properties to choose from, including www.250northlake.com priced recently at $4,950,000.which is located amidst huge boulders and a path to the water’s edge. The views are like being on a ship, more than stunning.
www.hiddencovelaketahoe.com is nestled into a long, deep .90 acre parcel on the eastern end of lakeshore. The home has a true Tahoe great room with exterior decks overlooking a level landscaped backyard and the properties on private sandy cove.
www.villalaketahoe.com is a classic beautiful remodeled lodge style retreat with extensive lakefront deck, and main level living for the majority of the home. The property next door is also available for sale, www.1665pineconecircle.com .This is a great opportunity to purchase one or both, combined would offer over 1 acre pier and four permitted buoys. What is great is that these two properties could also be purchased with the neighboring parcels to the East, known as Sierra Star, and our adjacent listing at www.1143lakeshore.com .These locations do not come up very often with a contiguous opportunity, so again, a great opportunity.
Our www.stonegatelaketahoe.com is the ultimate combination of newer exquisite construction, Michael Smith Designs Interiors, with all the bells and whistles, plus sandy beach, pier and buoys. This home took several years to complete and is decorated to the 10’s.If time is important to you, the work is done, just write the check and enjoy for your life time, a true estate home.
And the land that takes it all is www.ospreylaketahoe.com this 8 acre estate setting is more than a lakefront, featuring one of the most unique settings of gently sloping landscape, natural creeks, mature trees, and one of the largest sandy beaches in Incline. The house, guest house and conference library are of museum quality, and offer a variety of lifestyle options for work and play.
As far as deals go on the Incline Lakefront ,we have 2 bank owned lots on the Western most side of incline , www.449lakeshore.com and www.451lakeshore.com ,combined totaling over 3 acres, and over 1000’ of frontage on the Lake. The terrain is on the steep side, but we also have the house at www.453lakshore.com for sale at $5,850,000, which is contiguous to both of these parcels.
Condos
153 active listings and 7 in escrow
114 sales, with 6 sales over $1m, and 1 of those over $2m in the Crystal Tower on the Incline Lakefront.
There have, and still are some real deals in the condo segment with some developments price rollbacks 25-30+% off the highs of 2006.
Freestanding condos (planned unit developments)
46 active listings in this category with 4 under contract.
28 sales this year, including 3 homes in The Glen development. (The gated enclave on highway 28, across from the 15th fairway of the IV Champ Golf Course)Newer homes with minimal maintenance.
There have been super values in this category for those buyer’s wanting the space of a home, but not the maintenance.