Welcome to www.TahoeInclineRE.com where Incline Village & Lake Tahoe real estate listings are available at your fingertips. All listing information is updated daily so you stay informed of the areas most current listings.
Incline Village and Lake Tahoe Real Estate
December 31, 2009
89 homes sold in 2009 vs 85 in 2008 (per our mls)There might be secret listings which sold and are not disclosed .
Of those 89::
5 above $4 million vs 2 in 2008
20 $2million-$4m vs 9 in 2008
21 $1m-$2m vs 34 in 2008
14 $999k-$700k vs.27 in 2008
15 $500-$699k vs.9 in 2008
10 under $500k and 0 in 2008
What about condo’s and townhomes?
69 condo’s sold in 2009 vs 64 in 2008
The most significant change in 2009,was 50 condo’s sold for under $500kand 11 condos for under or at $200k.Some severe pricing roll backs and opportunities!
24 townhomes(freestanding condos)vs.49 in 2008,20 below $1m,Some excellent locations and pricing for quality living with out the maintenance.
Make your own conclusions,but there was a definite shift in who spent money in 2009.Loans were tough to get and jumbo’s near impossible.Appraisals,good luck.There is no more of getting the number you need.The comps including bank owned properties and short sale are included in comps.
Short sales were a reality along with bank owned properties at almost all price points.There are some great opportuniies here,even in the luxury segment,check out: www.996wedge.com New construction,fine finishes including 22′ ceilings in the great room,perfectly designed with a picturesque views from every window.
The Seller and bank are ready to move this property,call us for details.
Our forecast for 2010 is that inventory will remain conisistant with 2009,and buyer’s that are tired of waiting for the bottom,will realize that life is short,and if you want the lifestyle,and pristine beauty of Lake Tahoe in your life’s plan,,why wait?
Interest rates are still low, combined with a healthy real estate inventory at all price points.
What are you waiting for? Review year-end Lake Tahoe statistics below.
December 30, 2009
Take the time to enjoy every minute .Skiing at Diamond Peak Ski area,in Incline Village, Nevada,will boost your spirits and energize all who take the time to appreciate why we live here!
December 30, 2009
Year to date, 2009 had much more life across the Incline Village, Nevada,real estate market than 2008.There were and are many opportunities for buyer’s at all price points.It is more difficult for Seller’s who have not yet faced the truth, that what was for pricing a few years back ,is not coming back anytime soon.What you purchased your house for and the improvements that you invested in,may or may not make a difference to today’s buyer.Most of the seller’s that have accomplished selling their homes this year,have left their equity and improvements on the table for the buyer.
Many buyer’s have written many offers,and are satisfied for the most part of writing again ,until they find a seller who will match their needs.Many buyer’s are writing several offers at a time,with a clause to have final acceptance based on their review of all offer’s that they have submitted.
Where are the buyer’s…they are out there.Have you heard about the multiple, multiple, offers on the Ophir Peak home in 2009?
Or the multiple,multple,multiple, offers on the Lower Tyner home earlier this year,that came on as a bankowned property as $399k……with some interesting disclosures…..many buyer’s all waiting to pounce .
The new build on Chico Ct that sold for $701k,previously on the market at over $1.2m?
What about the 9000′ home on the golf course that sold for 50% off it’s original list price!(which was ridiculous)
We are not sure if the Incline market has hit the bottom,and we probably won’t know until demand overrides supply.If you are not having any showings in a given week,the buyer’s are sending you a message,they are not buying into your pricing.The buyer’s really do not care what you purchased your home for,but they all want to know,and can access very easily.
If you have refinanced and taken money out of your home,and spent it,that might be your only profit in today’s market you might have.Thinking that you are going to get a profit out of your current home,is getting tougher to accomplish. Why is this? Because the supply of buyer’s willing to step up and purchase in this market is not consistant with the supply of inventory at any price point.
89 single family homes have sold in 2009 to date,and 11 homes are in escrow.85 homes sold in 2008.If you want the breakdown call us,or send an email.
The good news(!),interest rates are still low,between 4.75- 6%. Inventory in the local market is at a low,hovering around 190 homes.Yes, there is snow on the ground,landscaping is covered,icy patches are every where and Winter has just begun.Inventory for homes in the Summer increases to around 260-298 homes,meaning alot more choices for the buyer and increased competition for your home.
If your house did not sell this year,and you really need to sell,call us,you need to now your options before you HAVE to sell.We are not miracle workers but we have successfully matched many buyer’s with opportunities this year,and assisted many of our sellers with offers,and the choice to get out,or hold out,or explore the options,some of which are the reality of the times,short sales and such.
Are you aware that a home in Millcreek closed for $375k a few months back?
Or that there have been several short sales in the $2-4m price point?
Or that www.996wedge.com now a bank approved short sale at $1.9m,was listed in 2008 for$3.6m?
Or that their have been a few bank owned sales in the lakeview subdivision,35%-45%,off purchase prices 3 years ago?
Seller’s like it or not your home DOES compete with these distressed short sale and bank owned properties.Why? Because psychologically buyer’s in today’s market want “the deal’.If you would like the statisitics on your neighborhood,best buys in Incline Village,or an updated list of the pre foreclosures,and bankowed properties,call us,we have it all.Our information is up todate and much easier to access by calling us ,than wasting your ski days trying to figure out what’s what.
Okay Seller’s you can hold out for what was,or now’s your chance to get the facts,and formulate a plan.Maybe you should wait 5-10 years,if you can…but the only guarentee we all have,is tha our precious Incline Village is built out.No more land to added,no tracks to be built…so our supply of housing in this most beautiful place IS finite.
So cheers to a new year and we look forward to working with you on you plan.
October 11, 2009
Original article By Jason Hidalgo • jhidalgo@rgj.com • October 7, 2009 at RGJ.com
Increased activity at the lower end of the housing market helped Lake Tahoe shrug off a sluggish start to 2009 and post higher sales in single-family homes for the year.
Unit sales for single-family homes in Lake Tahoe were up 12 percent from 2008, fueled by strong interest in homes priced less than $1 million, according to Chase International’s third-quarter review.
A 25 percent increase in unit sales for homes at the lower end of the Tahoe housing market helped offset a 35 percent decline in sales of homes priced at more than $1 million. Activity was especially strong for homes priced between $250,000 to $750,000, with inventory declining at a very fast rate, said Sue Lowe, Chase International corporate broker and vice president.
“The numbers show a healthy amount of confidence in the market,” Lowe said. “The first-time homebuyer tax credit has certainly helped. But we’re also seeing a lot of investors entering the market.”
Lowe cited increased affordability as a key factor for the pickup in activity.
The median price for Lake Tahoe homes at the end of the third quarter was $589,563, 18 percent lower than the same period last
year and 30 percent less than the $842,500 median at the same point in 2007.
Meanwhile, increased sales at the lower end has pushed down median prices to early 2000 levels, Lowe said. The decline has made Tahoe, particularly the South Shore, affordable for many consumers who got priced out of the market in recent years.
Other prospective homebuyers also are attracted by getting more home for their money than a few years ago.
Robin Fall, a Danville, Calif., retiree, plans to move to Incline Village in a couple of weeks with his wife after his offer for a home was recently accepted. Fall, a frequent visitor to the area, said he and his wife have always planned to move to Incline Village because they like the town and the wide range of activities that were available year-round.
“We would have moved here even if prices were still high,” the 54-year-old said. “But we wouldn’t have been able to afford the house that we bought now.”
(…continued at RGJ.com)
Click to Read the rest of this article at RGJ.com
Click here to print this article
October 11, 2009
Staff report • October 6, 2009 From The Reno Gazette Journal Online
One of Lake Tahoe’s few modern luxury lakefront homes received national attention recently when it was featured in both the Wall Street Journal and Architectural Digest. The Osprey Estate, located on the shores of Lake Tahoe in Incline Village, is on the market with Chase International for $34 million.
Architectural Digest described how the 71,000-square-foot contemporary home with guesthouse and library strikes a balance with the pristine surroundings. The estate’s design comes from its owners — a renowned inventor and his wife, an accomplished interior designer — who collaborated with architects Eric Thiele and Roderick Ashley in designing the home. The landscape architecture was one of the last projects designed by the late Robert Murase, a noted Portland, Ore., landscape architect.
With a flat roof, floor-to-ceiling windows, an abundance of natural light and striking outdoor sculptures, the October issue of Architectural Digest noted that the home was a “smart, simple building, so light on the land and rich in contextual detail.”
“Barely visible from the water or the street, the small compound exists as Lake Tahoe’s secret pocket of modernism — a combination of rigor, understatement and transparency that might well have been a model for this climate had modern technology and sensibilities been factors in past eras.”
(Article Continued…) Click Here to read the rest of this article at RGJ.com
Click here for a print version of the full article at RGJ.com
October 1, 2009
The seller of 966 Caddie Court is serious! A $250,000 price adjustment to $1,299,000 is paving the way to get this golf course property noticed! Located on what used to be the 14th Fairway (now 3rd fairway due to reversal of front & back nine). Outstanding features include; fenced yard, large wrap-around deck, cul du sac location and 3 car garage. House has formal floorplan with a den and dining room. Well maintained and very good condition. If you are a golfer or just enjoy the quiet of a cul du sac, 966 Caddie Court is worth a look. Virtual Tour
September 27, 2009
Our team has a new listing at 520 Sugarpine that made its debut on Tuesday’s broker tour. Located in the low/mid elevation Ponderosa subdivision with lots of trees and excellent sun exposure. A pleasant surprise for those agents that attended the tour. Upon entry the soaring ceiling and wall of windows really grab your attention. This well maintained home has four bedrooms including a bonus room with separate entry. The spacious, southern facing deck will be great for outdoor relaxation, a small peak of the lake if you stand in the right spot. Even better news is the two car detached garage which is a must! The list price of $719,000 is attractive based on the current competition with the added bonus of the 2 car garage and condition. Preview virtual tour:
520 Sugarpine, Incline Village, Nevada
September 25, 2009
Looking for a home to relax and revive…245 Estates exudes flow and energy. Gorgeous landscaped grounds add to the serenity. Open, flowing floor plan and warm tones so inviting to disengage, breathe deeply and unwind.
245 Estates, Incline Village, Nevada
September 23, 2009
822 Ellen Court, Incline Village, Nevada
405 Tracy Court, Incline Village, Nevada
September 23, 2009
Secret Cove, Incline Village, Nevada
453 Lakeshore, Incline Village, NV
250 Northlake Circle, Crystal Bay, Nevada
Lakeshore Terrace #15, Incline Village, NV
RenoRealtyBlog