Incline Village Real Estate Blog: June 28th
If you thought the action on the Incline Village real estate market was something else two weeks ago it was even more extraordinary during the past seven days. A record-setting 33 properties went into escrow on the Incline Village MLS. Considering there were only 11 new listings, the inventory has tumbled down to its lowest level in the past 20 years.
Even during the real estate boom 15 years ago we did not see this level of sales activity two weeks in a row. Prices of the properties going into escrow last week ranged from $339,000 all the way up to nearly $10 million. Some have referred to the current situation as panic buying. The coronavirus plague is causing many people to rethink where they live and work. So, it’s only natural that a place like the Nevada side of North Lake Tahoe becomes attractive during a pandemic.
Our favorite new listing on the Incline Village real estate scene this week is the single-family home located at 621 Tumbleweed Cir. Offered at $1,175,000 this three-bedroom, three bath, 2100 square-foot property also comes with a two-car attached garage. The listing agent wrote a beautiful description so here is what she has to say:
“This beautifully remodeled home offers an incredible setting. The backyard is perched on the side of a gorgeous ravine with acres and acres of National Forest Service land offering you a sense of peace and serenity. Step out on the deck and take the stone path to the quiet patio to gaze at the beautiful Sierra Nevada Mountains and enjoy a lovely view of the lake.
With a comfortable layout you will be delighted with the spacious kitchen that opens up to a large dining area & living room for easy entertaining. The lovely stone floors extend throughout entry, kitchen & dining room. The living room boasts a stone fireplace and wood beamed ceiling. Kitchen features leathered granite counters, newer stainless steel appliances & large center island.
The spacious master bedroom is on a separate level and has a walk-in closet and beautifully remodeled bathroom. Located in a quiet, friendly neighborhood, this home is sure to please anyone looking for that Tahoe ambiance.” (Click Here to See a Virtual Tour)
Weekly Real Estate Update
Statistics gathered from the Incline Village MLS on June 28, 2020
Houses Condos PUDs
For Sale 64 32 10
Under $1 million 6 17 4
Median Price For Sale $3,195,000 $949,000 $1,198,000
YTD Sales 2020 54 72 20
YTD Sales 2019 71 69 28
New Listings 11
In Escrow 33
Closed Escrow 16
Range in Escrow $339,000 - $9,998,000
The statistics contained herein are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of June 28, 2020