Going, Going….Gone

July 30, 2009

When was the last time a two bedroom McCloud was priced below $450,000? Looking back through the MLS records the answer lies somewhere between the latter part of 2003 through 2004! Unit 170 on the Incline Way side listed at $439,000 two weeks ago and went into escrow within a week. There are currently 17 McCloud 2 BR’s listed with Unit #231 on the Incline Way side priced at $495,000. Remember Unit #25 on the Village side sold in January 2009 for $465,000.

Over at Third Creek ,on the gated side, a three bedroom unit dropped its price from $725,000 (already the 2nd lowest priced unit of the 10 listed 3BR’s) to $600,000 on June 18th and went into escrow on June 22nd. Again we are looking at prices not seen since late 2004.

You do not want to miss out on these two BEST BUYs, 783 Freels Peak (Summit Townhomes) and 198 Country Club #17 (Country Club Villas). The Summit Townhome is offered for $825,000 (2786 SQ Ft, 3BR and 2.5 Baths with two car garage) and the Country Club Villa is offered for $899,000 (2130 SQ Ft, 3BR and 2.5 Baths with two car garage). Great Opportunities for quality properties. Forget about cruising the bottom for those distressed fixer uppers as this is as good as it gets!

Location matters,Incline Village,Nevada,www.109slottpeak.com

July 10, 2009

We have all hear that Location matters when purchasing property,and we currently have some fantastic listings with superior locations:

www.109slottpeak.com  is a 3000′ home located in a cul de sac just above Lakeshore Blvd.You have filtered lakeviews from the decks,kitchen, and master suite.The house has had significant upgrades to the kitchen and bathrooms.Floor plan is simple,with entry floor having a den,bonus room(perfect for home theater)1 of the 4 large  bedrooms,full bath and laundry room,and 3 car garage(one stall large enough for boat storage).

The upper level has great room,with a dining area, eat in counter .Living room has fireplace and granite wetbar.3 of the additional bedrooms and two full baths and a powder room are also on this level.

This house has amazing indoor and outdoor entertaining opportunities with huge decks wrapping around the west side and front,paver patio in the backyard and a flagstone patio area near the bocci court.

The Lakeviews are surprising from this home,great combination of being off Lakeshore ,close to Burnt Cedar Beach,and having the nice lakeviews.

This house opens up easily to the outdoors off the main level and flows very easily.

Incline Village snapshot on market activity

July 10, 2009

As of today 39 homes have sold in Incline Village and Crystal Bay,Nevada, and there are 260 active listings in the Incline MLS for single family homes.5-6 homes are selling per month in Incline Village and Crystal Bay which is really on par with 2008 units sold .Units for single family homes and free standing condos combined are only down 2% from 2008.
What’s different in 2009 are the two distinct price point segments that are moving :the over $2m mark, primarily the cash buyer ,and the Buyer’s who are snapping up some significant discounts .
20 sales to date under $1million
8 sales to date $1-2m
9 sales to date $2-4m
2 sales to date over $4m ,including 1 lakefront in Incline at $7,350,000.If you would like a copy of the year to date stats,or a copy of the Bank owned property list ,please give us a call.