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Incline Village Real Estate 2/11/19

The Incline Village real estate market slowed down a little bit last week as a few major storms rolled through the Lake Tahoe basin.  The Sierras were pummeled from North to South with several feet of snow.  For the second time this season snow levels dropped below 2000 feet in some places.

It’s nice to have a solid addition to the snowpack.  11 of the last 17 years have been below average for snowfall in the Sierras.  The benefit for the ski season is only one aspect.  The environment up and down the Sierras has become extremely dry over the past 20 years with tens of millions of trees dying.

The wildlife have become stressed as a result of radically uneven amounts of precipitation each year.  What we thought were permanent snow fields on the east facing slopes along Highway 395 have been disappearing over the past 4 decades.  Rivers, lakes and streams get replenished and rejuvenated when we have an ample snowpack.  And it just looks beautiful with snowcapped mountains surrounding Lake Tahoe.

Checking out the action on the Incline Village real estate scene last week there were 4 new listings, 4 price changes, 3 properties went into escrow and 2 places closed escrow.  The properties getting accepted offers ranged from $669,000 up to nearly $3.2 million.  Luxury buyers have remained out in full force and budget minded shoppers are snapping up the occasional value priced property.

New Listings Price Changes In Escrow Closed Escrow

The most interesting new listing on the Incline Village real estate market this week is a low elevation condo in the Northwood Estates complex.  Located just 3 blocks from the Championship Golf Course #19 is a 3 bedroom, 2.5 bath, 1628 square-foot end unit.  You’ll find a highly desirable two-story townhouse floor plan that comes with a one car detached carport.  The living, kitchen and dining areas along with a half bath are situated downstairs.  Upstairs are the master suite along with 2 guest bedrooms, another full bath and full size washer / dryer closet.

The central location makes these particular condos very popular with long-term renters and full time owners.  You can easily get everywhere in Incline Village either walking or driving.  In mid-summer this location is especially convenient on the Fourth of July.  You can walk down to the beach and miss all the traffic after the fireworks.  The asking price of $465,000 makes this one worth a look.  Please contact us if you would like to check out this condo.  We don’t expect this piece of Incline Village real estate to stay on the market for very long.

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