Incline Village Real Estate Blog
The solid summertime sales continue for the Incline Village real estate market. 19 properties went into escrow last week which is remarkable for our little community. Along with 14 closed escrows the title companies were working overtime.
Normally when you look at statistics and see 15 price reductions vs. 4 new listings you would think the market is softening. But that is hardly the case. Wise sellers are making price reductions while Lake Tahoe is still packed with visitors. There is no sense to wait until visitor traffic rolls off in the fall this year. Winter was so harsh and long that sales are still trying to catch up with the previous totals from one year ago. Whether or not that ever happens remains to be seen. But at least Incline Village real estate sales remain strong during the busy summer season.
Condo shoppers looking for an affordable low elevation property will want to check out 807 Alder Ave. – #4 All Seasons. Priced at only $389,000 this two-bedroom, 2 bath, 997 square-foot property is located right in the heart of town. The owners have done a bunch of updating and remodeling including hardwood floors and granite countertops. It’s pretty hard to find a decent 2 bedroom condo at low elevation under 400K. So if you have been following the Incline Village real estate market and want to be within walking distance of the beach we recommend taking a look at this place.
Out of 15 price reductions there is one that really stands out. #48 Northwood Estates is a 3 bedroom, 2.5 bath, 1716 ft.² two-story townhouse style condominium. This particular unit is tucked around the corner in a nice woodsy setting away from the main part of the complex. The $25,000 price reduction brings it down to $450,000. You also get a carport which is a nice feature especially during wintertime.
Don just returned from a backpacking trip in Yosemite. You can check out some of the pictures on his Facebook page
Weekly Real Estate Update
Statistics gathered from the Incline Village MLS on 8/4/19
Houses Condos PUDs
For Sale 118 73 19
Under $1 million 11 47 11
Median Price For Sale $1,999,500 $699,000 $975,000
YTD Sales 2019 84 81 33
YTD Sales 2018 105 110 35
New Listings 4
In Escrow 19
Closed Escrow 14
Range in Escrow $279,000 – $16,000,000
These statistics are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of August 4, 2019