Incline Village and Lake Tahoe,Nevada. What is selling?
October 20, 2010
Incline Village Real Estate 2010 3rd Quarter
October 8, 2010
Media Contact: Katie Shaffer
Switchback PR + Marketing, Inc. 530-550-2252
katie@switchbackpr.comFor Immediate Release
Area specifics: On the South Shore, total sales volume is up 32 percent and units sold up 28%. In Tahoe City, sales volume is up a whopping 67 percent and units sold up 46%. Incline Village, sales volume is up 28 percent and units sold up 27%. On the East Shore of Tahoe and sales volume is up 9%, units sold down 2%. In Truckee, the sales volume of is up 9% and units sold is up 13%.
A complete breakdown of Chase International’s year-end sales report can be viewed at www.Chasenation.com.
Headquartered in Lake Tahoe, Nevada since 1986, with eight offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe and Reno) and one in London, England, Chase International and its exclusive affiliations handles a large share of the country’s property. A recognized leader in the world of real estate, Chase International continues to grow having added 65 Realtors® to their ranks in the past twelve months.
With 225 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price
Incline Village, Nevada, contiguous lakefront parcels offered
October 6, 2010
Incline Village, Lake Tahoe , real estate in review
October 6, 2010
After just returning from Italy the past few weeks, I have concluded that Incline Village and Lake Tahoe still rank as being one of the most beautiful pristine choice spots in the world. The Amalfi Coast,Monaco,Positano,all rival with breathtaking scenery and also confirm that there will always be an interest in real-estate in beautiful places.
By the way, Crystal Cruises, at crystalcruises.com was a fantastic way to see these amazing places with the highest level of service, and experience.Okay, back to Incline Village statistics, 2010 is looking to be a stellar year for buyers, with 82 homes selling so far in 2010, and 5 of those sales above the $ 7million dollar mark. Our listing at www.1169lakeshore.com was one of those, closing at $11.3 million dollars.
Why do you think that these high net worth sales are happening in our current economy…….because the value ,and lack of supply ultimately.
36 homes have sold above the 1 million dollar price point
32 homes have sold above $500,000-$999,000
12 homes below the $499,000,and 6 of these selling for under $400,0000 price point which is a roll back into house prices 10-15 years ago.
Approximately a third of the home sales this year in our local market are distressed, either bank owned or short sales. And yes there has been some distress in the luxury market.
We currently have a listing at www.451lakeshore.com ,2.3 acres on the Incline Lakefront, with over 700 feet of shoreline on Lake Tahoe, and approved coverage to build .This is a “bank owned property “and the bank wants an offer now. Offered at $6,850,000.please call for more specifics on this beautiful piece of property that rivals the edge of the Amalfi Coast(Sorrento)….my opinion!
There is a great variety of quality homes at all price points,although inventory is less than recent years.If you have questions regarding selling,please call us.This is not a time to test the market if you really want to sell your home.Pricing is key.
For you buyer’s out there are many options for condos,townhomes and homes at pricing that matches the prooduct.
What the mid year stats really mean in Incline Village,Nevada
July 12, 2010
Here is a current snap shot of what properties are in escrow in Incline Village nevada as of today:
221 active listings for homes on the market.
27 homes in escrow,10 of which are distreesed properties,either a short sale or bankowned .
7 homes are below $500,000
12 are above $500,000-yet under $1million
2 are btween $1m-1.5m
2 between $4m-6m(one of which is a short sale and has been in escrow for many months)
4 are between $1.9-3.095m
This has been the typical mix in 2010,some real rollbacks in the teardown sector of older homes in the under$500k range,some movement finally in the $1.5m range, and decent luxury activity.
Despite Incline mirroring the rest of the nation ,the ultra luxruy sector primarily on the Incline lakefront has seen 4 sales already in 2010 near or above the $10m dollar mark.
19 condos are in escrow,11 of which are shortsales or bankowned.
17 of these condos are below $499,000
1 at $669,000
1 at $2,650,000 on the lakefront,single level living,elevator access
3 Freestanding townhomes are in escrow, 2 in Tyrolian Village both short sales,1 with killer lakeview at $950k
The Lakefront homeowners tend to be holding to their pricing and closing near ask in most cases,or holding on for the value proposition buyer,rather than the buyer looking for the best deal.
If you are a considering selling you still need to price ahead of the market ,and understand that price is almost everything to most buyer’s.
If you are buying,there are some great opportunities if you have the patience equity to put into a distreesed property.If you do not,buy what you really want and enjoy it.Keep in mind location is still key.
