Incline Village has been affected by the economic slowdown, reflecting lower home sales prices and fewer sales, as seen across most markets. The median sales price of a single family home in Incline Village, dropped to $1,383,060 in 2008, down 6% from $1,24187,500 in 2007. This is better than you might expect considering the sales volume dropped 39%, as 84 homes sold in 2008 compared to 138 in 2007. Read all Incline Village home sales stats for 2008 at BuyTahoeHomes.com
Buyers have been looking- the stats on my website jumped just before Christmas and again over the weekend, we will just have to see how long prices keep dropping. This past week, 12 new listings came onto the market in Incline Village and Crystal Bay, including 5 homes, 1 townhome and 6 condos. There were 18 price changes, 2 sales and 2 homes that fell out of escrow, 4 new properties in escrow with 21 properties in contract currently. View links to all new listings, escrows and sales at Incline Village Real Estate update.
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.
Steady activity on the Incline Village market this past week, with 12 new listings including 5 homes, 1 townhome and 6 condos, 18 price changes, 2 sales and 2 homes that fell out of escrow, 4 new properties in escrow with 21 properties in contract currently. For up to date information on new listings and Lake Tahoe Real Estate activity, visit BuyTahoeHomes.com/blog.
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.
August 14-25 New Market Activity
16 new single family homes were listed in Incline Village since August 14, along with 7 condos and 5 townhomes. There are 22 pending sales including 11 homes, 4 town homes and 7 condos. 9 sales closed (1 home, 2 town homes, 4 condos, 1 lot and 1 investment property) and there were 39 price changes!
803 McCourry is one of the lowest priced homes in Incline, and on a .413 acre lot. 929 Dorcey is nicely remodeled with southern exposure and 921 Michael is newer construction on a great cul-de-sac. 864 Ophir Peak is just 2 blocks from Lakeshore, nice location. 678 14th Green was just re-listed, newer construction near the golf course. 568 Putter has great development potential with 6814 sq ft coverage and 300+ ft on the Championship Golf Course! 449 Fairview is a good buy for lake views on the Eastern Slope, in nice condition- similar sales in this price range and location support it.
821 Golfers Pass is newer construction close to the Mtn. Course, while 573 Tyner has lovely lake and mtn views. 585 Ponderosa is new construction, close to the lake and low elevation, while 721 Cristina has a nice yard adjacent to forest service. 460 Tuscarora is a great buy for new construction, panoramic lake views and 6,040 sq ft! Radiant heat, smart home mngt, two lawn terraces on a cul-de-sac. Inquire about getting IVGID privileges by purchasing a non-buildable Incline lot.
For more bargains, view my Incline Village Best Buys.
Incline Village Homes for Sale
803 McCoury $499,000 low price!
929 Dorcey $797,000
433 Winding Way $799,000
327 Winding Way $950,000
921 Michael $998,000
864 Ophir Peak $1,150,000
678 14th Green $1,210,000
568 Putter $1,295,000 golf course building opportunity!
547 Lantern $1,300,000
449 Fairview $1,395,000
821 Golfers Pass $1,395,000
573 Tyner Way $1,795,000
585 Ponderosa $2,350,000
721 Cristina $2,950,000
460 Tuscarora $2,950,000
439 Driver $3,499,000
Incline Village Condos for Sale
872 Tanager, Pinebrook #49 $229,500
807 Alder, All Seasons #5 $319,000
333 Ski Way, Ski Way Ridge #259 $329,000
215 Lark Ct #3 $579,000
120 Juanita Dr, Northshore Estates #3 $849,000
929 Northwood Blvd, Third Creek #118 $1,045,000
400 Fairview, Bitterbrush #69 $1,045,000
Note that none of the listings above are my own, unless specifically stated. I know the market well and represent buyers in property sales. All information is provided by Incline Village MLS, data is deemed reliable but not guaranteed.
August 2-13 New Market Activity
10 new single family homes were listed in Incline Village since August 2, along with 6 condos. There are 23 pending sales including 9 homes, 5 town homes, 7 condos, 1 lot and 1 investment property. 4 sales closed (2 homes, 1 town home and 1 condo) and there were 32 price changes!
Two fantastic new listings in Lakeview Subdivision, both priced just under $1.5M are new to the market. Both located on Ophir Peak just 2 blocks from Lakeshore Blvd. and walking distance to both beaches, these homes are newer construction both with great features. 842 Ophir Peak is located on a creek with a great layout and 3 car garage. 834 Ophir Peak features 4,331 sq ft on nearly 1/2 acre and an open feel- this would be a great remodel!
Other great buys include a new listing at Third Creek priced way below market at $664,900, and see Bitterbrush #58 for spectacular lake views under $500k! 275 Deer Court is a notable town home with gorgeous landscaped grounds in a desirable association. View all new listings and market activity for Incline Village at, view my Incline Village New Listings.