Incline Village real estate market,what it is……

June 5, 2010

We are at the mid year,and are optimistic but realistic about our local real estate market in Incline Village, Nevada at Lake Tahoe.There have been 3 sales over $10 million this year,a good indicator that Incline is a viable location to invest in life! There are currently 191 active listings for homes in Incline,which is lower than most Spring seasons.Some really great locations,and pricing from $375,000 to $34 million.

34 homes have sold year to date in 2010 opposed to 27 for same time period in 2009.

Currently there are 21single family homes in escrow, 8 of which are distressed or shortsales.These 8 properties are in a variety of price ranges from $495,000k-$4,500,000.The property at $4.5m has been pending for months,beautiful newer construction.You do not need to purchase a short sale or bank owned  property to necessarily get the” best property” . If you choose the short sale option,you will be need to invest in your “patience equity”  as this is the trade off.

 Most seller’s have adjusted their pricing for current market conditions,so if you choose not  to invest in the distressed  properties there are many best buys without the hassle or uncertainty.

There is a beautiful  newer construction $4.9m home in a neighborhood with private beach,pier and buoy field, that just went back to the back via foreclosure.Whos knows what the bank will take ,but call us if you would like to investigate.

We took a very comprehensive tour though Glenbrook,NV last week.No foreclosures or shortsales,but a range of properties and pricing:from town homes on the meadow with Lakeviews $1.1-1.5m ,featuring a varitey of interior upgrades and views.Also lakefront townhome with the beach just a few steps out front for $4m.If you have interest in Glenbrook the HOA fees in this gated  community range from $1k-$2k per quarter.We work with several agents who specialize in this very unique compound on the Lake ,which has been around since the 1870’s!

On the Luxury segment,our listings at www.stonegatelaketahoe.com , www.ospreylaketahoe.com , www.250northlake.com  , www.453lakeshore.com , www.villalaketahoe.com , www.1665pinecone.com

www.905tyner.com is not on the lakefront,but has one of the best panoramic lakeviews in Incline Vilage , Nevada,for off the water.remodeled and a great price for a priceless view.

www.822ellen.com is  newly remodeled home with beautiful lake and canyon views off your private decks and most rooms.Price was reduced to $2,200,000.definitely a value.

All are one-of-a kind beautiful  locations.The Lakefronts in Nevada are of a limited supply,due to the state  of Nevada and Federal Government owning the majority of frontage on LakeTahoe.Let us know if you would like more information on this luxury segment at Lake Tahoe.