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Incline Village Real Estate Blog Cinco de Mayo

It’s getting hard not to sound like a broken record.  But, once again it was a big week for the Incline Village real estate market.  9 properties went into escrow along with 10 places closing escrow.  Combine that with 9 new listings and 5 price changes and you’ve got a pretty active week for the Incline Village MLS.

New Listings Price Changes In Escrow Closed Escrow All price ranges got in on the action last week on the Incline Village real estate scene.  The properties going into escrow ranged from $432,000 up to just under $4 million.  There are currently only 10 single-family homes for sale with asking prices under $1 million.  Even more startling is that there are only 5 freestanding condos listed on the Incline Village MLS.  We have never seen the inventory this low for PUDs in all of the years of computerized record-keeping

With the beautiful spring weather buyers are continuing to flock up to Lake Tahoe. It’s pretty much spring skiing on the slopes these days. However, waterfalls are blossoming all throughout the Sierras and wildflowers are blooming at lower elevations in the foothills. You don’t need to be looking at Incline Village real estate to justify a trip up to the mountains during the next week or two.

However, there is one new listing at 144 Village Blvd. – #60 McCloud that jumps to the top of our list.  This is a rare two-story, 2 bedroom, 2.5 bath, 1426 square-foot condo in a great low elevation location.  You’ll find soaring cathedral ceilings with living, kitchen and dining rooms on the entry level.  Upstairs are the master suite and a separate bedroom along with a 2nd bath.  There’s a good amount of closet space and you also get a one car detached garage.  Offered at $748,000.                    Weekly Real Estate Update

Statistics gathered from the Incline Village MLS on 5/5/19

Houses Condos PUDs

For Sale 80 32 5

Under $1 million 10 27 4

Median Price For Sale $2,995,000 $559,000 $558,000

YTD Sales 2019 35 46 17

YTD Sales 2018 54 57 19

New Listings 9

In Escrow 9

Closed Escrow 10

Range in Escrow $432,000 – $3,998,000

These statistics are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of May 5, 2019

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