Summer Best Buys in Incline Village

May 28, 2009

23 Homes have closed since the beginning of January 2009,8 homes below 1 million,and 12 over $2 million……interesting mix.What we are seeing are the value buyers that are snapping up the short sales and foreclosures,or the new construction mega homes,at a considerable discount.

Views and value,are the main theme we emphasize with our client buyers.Purchasing a great location or a superior view will always be a best bet for resale,and demand.Purchasing an inferior location at a great price, may offer short term rewards even with short sales and bank owned,but the better location or view will always prevail in the long term.

The short sale,if you are not in a hurry,and work with with an experienced educated short sale agent .(and experienced does not necessarily mean senior )Debbie Hansen on our team has put together several transactions recently for our client buyers successfully on both short sales and bank owned properties. Below is a link on shortsales: http://rsar.net/uploaded/documents/shortsaleworkflowSpring2009.pdf

The condo market continues to lag with an inventory that has moves little since the first of the year.There are many great locations and values,even on the Incline lakefront.Prices are not steals,but fabulous locations with water amenities.

Home inventory is still steady with about 223 homes on the market,and approximately 6 homes closing per month.

There are some amazing opportunities for location for several homes that have not been on the market in recent years:

An older home on Lakeshore ,across from Burnt Cedar Beach at $1,699,000.needs some interior updating,but what a great spot.

Condo across from the Hyatt,over 2700′,really large bedrooms and bathrooms and nice open floor plan, www.villageatincline56.com

Several major price reductions on new construction homes:

www.405tracy.com Just reduced over $700,000, 4800′ newly complete remodel,on a large lot ,almost 2/3 an acre.Lakeviews and on a cul de sac

www.580ponderosa.com Just reduced $300,000 ,4500′,beautiful low elevation home with exquisite finishwork.

585 Ponderosa is another new build is around 3400′ and was just reduce $300k,newly built,great room floor plan and Tahoe lodge finishes.