Incline Village Real Estate Market December 21

Incline Village Real Estate December 21
We have seen a slight increase in activity for December. With mortgage rates hoovering at 4 year lows around 5% for a 30 year fixed mortgage, buyers who have good credit and can qualify for documented loans are seeing opportunity in the market.

One notable sale that I represented the buyers for at 521 Sugarpine closed last Friday for $530,000, it was listed for $599,000 and was a fantastic buy for a 3 story home, remodeled on 3/4 of an acre in desirable Ponderosa neighborhood. The home 2 doors down at 527 Sugarine is in contract with a list price of $3.495M, so this helps supports the value here.

19 new listings came onto the Incline Village and Crystal Bay market in the past two weeks, including 8 homes, 2 PUD’s, 8 condos and 1 commercial listing. There were 23 price changes, 3 new properties in escrow including 928 Dorcey listed at $595,000, 121 Rubicon listed at $1,495,000- an amazing buy, and 88 Shoreline Circle listed at $2,695,000- a quiet location across from the Lake. There are 17 properties in contract currently and 6 sales have closed in the past two weeks.

Check BuyTahoeHomes.com for weekly Incline Village Real Estate updates for home sales and new listings.

Incline Village Real Estate Activity

The pace of activity has picked up slightly on the Incline Village market lately. Two great opportunities for lakefront condos have become available at Stillwater Cover and Crystal Shore West- both front row, panoramic lake view units (2 at CSW but seller will only part with one or the other). Both of these complexes have marina facilities and Stillwater has tennis courts, an outdoor pool and waterfront restaurant for owners.

Some very good buys went into escrow, including 121 Rubicon- a $1.495M 4,779 sq ft home which would be the lowest priced sale in all of Lakeview Subd.  for 2008 (I am reresenting the buyer), and 527 Sugarpine-of the finest quality new construction listings, reduced to nearly half of its original asking price with panoramic lake views, great level lot and low elevation- this was a good buy! View all recent Incline real estate activity on the original Tahoe Homes Blog.