What it is in Incline Village Real estate in 2011 so far….
February 4, 2011
After two heavy duty snow months in the last months of 2010, January lightened up weather wise, so our would be buyer’s can get up to Tahoe to ski and check out real estate. Buyer activity has increased the past two weeks, causing the market to move just a bit. With 6 homes selling so far in 2011, the momentum or lack of is very similar to last year.
Currently there are 165 active homes on the market in Incline Village, and 10 homes in escrow.4 of those 10 are “distressed” either bank owned or short sales.5 of these pending sales are under $550k, and 5 over $950k. 3 of these are over $2m.So again we are seeing two distinct markets, the bargain hunters picking up the distressed deals, and the luxury buyers making deals on some significant roll back pricing.
128 condos are on the market in Incline, 9 under contract, 4 of which are short sales or bank owned.
46 “PUDS”(freestanding condos) are on the market, 3 are in escrow, 2 of which are short sales or bank owned.
A few notable price reductions:
www.345countryclubdrive.com built in 2005, fronting the 13th Fairway on the Incline Championship course, had a price adjustment down to $2,595,000.This in one to look at for upscale finishes that could not be replicated at this price.
www.1143lakeshore.com aka www.hiddencovelaketahoe.com our beautiful lakefront property at the east end of Lakeshore Drive was reduced over $1million dollars, now offered at $8,250,000. For an extra large .90 acre parcel, beautiful sandy cove frontage, and a substantial landscaped backyard, and one permitted buoy. Home is 4200’, including a stunning contemporary addition featuring two additional guest suites each with full bath and an open breeze way connecting to the main house.
And still one of the best panoramic lakeviews,off the water ,in Incline Village is www.905tyner.com which has had offers to no success,and is worth every penny in quality and views.
www.734mays.com is a 5 bedroom ,low elevation home,one block up from Burnt Cedar Beach.This house has two family rooms on the main level,each with a fireplace,southern facing deck,large garage and plenty of parking for a boat or guests.The location is right above the bike/walking path ,and a quick down hill to Lakeshore.
www.633village.com is an excellent value,mid elevation,and newer construction.
Please email us or call should you have interest in more detailed market statistics.
Buy For You
November 5, 2010
Often when our team is working with buyers, what starts out as a specific mission, “we want a ski getaway for the weekends”, gets off track. The reason…the clients start factoring in the brothers, sisters, mothers in law, friends, friends of friends. Suddenly the one bedroom “ski getaway” has turned into a three bedroom single family home. Our best advice is BUY FOR YOU! Go back to your initial plan; a place for you to enjoy on long weekends with your spouse, kids, friends, dogs or all of the above. The purpose is to maximize your time at the Lake; skiing, hiking, boating or relaxing. Most of us had to share a bedroom with a sibling or two and are familiar with sleeping on the floor in sleeping bags when we went away for family weekends. Let the kids build a pillow fort in the living room and camp. If you invite your friends for a FREE weekend at your condo, the pull out bed couch is a desirable option versus $100 bucks at the nearest hotel/motel! Smaller can be better and will help you acheive your dream of owning a vacation home and spending quality time together. Weekend Getaway
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, 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.
