What’s selling in Incline?

Not to brag,  but yesterday we closed the most expensive property of the year so far,620 Martis Peak at Lakeshore, in Incline Village, down by Burnt Cedar Beach.This is important to our market because this was a short sale successfully closed .What is a short sale? Simply the Seller owes more than the market will bear.The banks involved will not easily let the Seller off from their debt.We had the Buyer on this one, and patience is a virtue.Going into a short sale can be very rewarding,if you understand the rules,which are changing everyday.When this new property first came on the market over two years ago,it was listed around$5.5m…and brand new,and 7100′,with exquisite finishes.

There are many good buys which are not necessarily listed in our local Incline MLS.We know that there is a lot of information out there and that’s what we are here to assist you with.If you would like a copy of the Notice of Default list for Incline Village,please call us.If you would like to know more about why a short sale is a good way to stop the eroding market call us.There are Seller’s at every price level that may or may not be willing to negotiate,and that’s where we can help.We are out in the market everyday listening, and gathering information for our Buyer’s and Sellers.

In February, 460 Tuscarora a 6000′ built in 2004,with panoramic lakeviews,closed for full price,$2,950,000….in 30 days!There were 4 other sales for homes in February,1005 Apollo for $1,900,000.This was a distressed sale,but not a bank owned or bank negotiated short sale.615 Country Club was a bank owned property 4000′,closed at $1,060,000.This property sold just a few years back for closed to $1.5m,beautiful location and setting.House was nice,but had been stripped to the foreclosure mode,sad.

629 Village also sold in February,what a surprise,$1,050,000.Nice home,remodeled,natural setting….just a regular house,go fiqure.

The interesting fact is that these sales were in all different areas of Incline,both high elevation,low elevation and thes last two with no lake views.

We’ll note on condos later.Not much activity…but our www.999lakeshore33.com was the highest priced condo to close ,at $850k.It was beautifully furnished and about 50 feet from the private HOA beach,no lakeview.We sold #39 with great lakeviews back in September for $1,325,000.It was a complete remodel  with 3 bedrooms,and some of the best lakeviews in the complex,off the lake.

Big news…Dickson Realty at the Lake has sold their offices at the Lake to Coldwell Banker,and will be focusing on Reno and Truckee.Stay tuned.