What “Was” in Incline Village ,Nevada real estate in 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.

2009-end-year-stats_lt_fp

The Osprey Estate gets national attention

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

Sell this House…Seller is Serious!

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

Donovan Group New Listing at 520 Sugarpine

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: