Incline Village Real Estate Blog 7/22
Summer is here in full swing on the North Shore of Lake Tahoe. That means warm sunny days along with lots of activity on the Incline Village real estate scene. 16 properties went into escrow last week. Add in 19 new listings, 15 price changes and 12 properties closing escrow to round out the picture.
Once again we saw a broad swath of properties getting accepted offers. Prices for the properties going into escrow on the Incline Village MLS ranged from $303,000 up to $5,950,000. The Incline Village real estate market is made up of 3 major categories; houses, condos and freestanding condos. Year to date sales in all categories are running ahead of 2017 and that was a very good year by historical standards.
There are too many new listings and price changes to cover them all. So let’s take a quick look at some of the standouts. First up is 998 Driver – #7 Pine Creek priced at $499,000. This is a two-bedroom, 2 bath, 1370 square-foot two-story townhouse style condo near a bubbling year round creek. The property is mostly original but is quite livable while you decide what type of updating suits your style. Nice small complex of only 12 units with relatively low monthly HOA dues.
Low elevation shoppers looking for a house on a nice large level lot will want to check out 227 Pelton Ln. You’ll find nearly 2500 ft.² of living space divided into 3 bedrooms and 2.5 bathrooms. The lot is nearly 1/2 acre in size! Nicely updated interior also features one level living throughout which is becoming very difficult to find. Offered at $1,419,000.
If you are seeking privacy for your friends and family then 561 Valley Dr. should be on your radar screen. This 5120 ft.² home boasts 5 bedrooms along with 3.5 bathrooms. A short level driveway brings you to a two-car garage. But one of the best attributes is the woodsy setting surrounded by open space. Tastefully remodeled in 2003 with a nice warm feel.
The surge of 19 new listings during the 3rd week of July is a good thing for the Incline Village real estate market. With 16 properties going into escrow along with 6 withdrawn listings the inventory actually declined. The large number of price reductions tells us that some sellers took a shot at getting an unrealistically high price and when their expectations were not met decided to reprice their properties. This is a healthy thing and will hopefully contribute to more transactions being consummated.