Incline Village Real Estate Blog 11/10/19
The Incline Village real estate market had another solid week with 11 properties going into escrow. Throw in seven new listings, five price changes and seven closed escrows and you have a pretty darn good week for November. Action was strong across the board with properties going into escrow ranging in price from $255,000 up to $2,345,000.
Notable among the closed escrows was a property for over $11 million selling on Debra Lane. The super high-end luxury market has been exceptionally strong in 2019. This bodes well for the overall US economy. When the most affluent among us are voting with their dollars it shows great confidence. So, this is a good sign as we come to the end of 2019 and look forward to what the election year will bring to the Incline Village real estate market.
Speaking of luxury homes, the new listing at 367 Fairview is definitely worth a look. Here is what Laura the listing agent has to say about this fine piece of Incline Village real estate:
” This beautiful Lake View remodel home is a testament to the highest of standards of design excellence over 5,000 square feet on the magnificent Eastern Slope. This is rare to find a home over 5,000 square feet on two levels.
The great room and dining area with beautiful wood floors, carpet and stone fireplace creates a comfortable yet sophisticated style.The gourmet kitchen features stainless appliances beautiful cabinets and granite countertops with a sitting area around the bar kitchen great for entertaining.
The Master bedroom is on the main level along with a Lakeview office, bedrooms and laundry room. Downstairs has a big wine cellar and area for an elevator. The West area of this home can be used for a Mother-In-Law suite and has it’s own entrance. Out of the 5 decks, 4 have Lake views that you can enjoy watching the Lake Tahoe sunsets.This street to street lot has a large parking pad at the top which would be great for RV/Boat parking plus the large 3 car garage below. Must See!” Click Here to See a Virtual Tour
With no snow on the horizon, the hiking and mountain biking is excellent. During the past 17 years there have been several autumns where we did not see any snow. It’s impossible to predict what type of winter we will have based on the current weather situation. So, while the ski areas are making snow at night, don’t expect anything more than the lowest level beginner runs to be open anytime soon.
Weekly Real Estate Update
Statistics gathered from the Incline Village MLS on 11/10/19
Houses Condos PUDs
For Sale 107 56 17
Under $1 million 11 30 11
Median Price For Sale $2,195,000 $749,000 $884,900
YTD Sales 2019 145 145 52
YTD Sales 2018 164 172 58
New Listings 7
In Escrow 11
Closed Escrow 7
Range in Escrow $255,000 – $2,345,000
These statistics are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of November 10, 2019
Incline Village Real Estate – View from summit of Mt. Tallac