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Incline Village Real Estate Market Report

Incline Village Real Estate Market Report


As we approach the Thanksgiving holiday the Incline Village real estate market continues to hum along at a nice steady pace with seven properties going into escrow during the past week. But, before we delve into our market analysis it’s time for your first ski report of the season (and it’s not going to be a very long one).

Our advice to you if you are thinking of doing some skiing over the upcoming holiday weekend is simply “don’t bother”. While a few of the ski resorts are advertising that they are open the reality is that there is so little snow in the Lake Tahoe basin that the ski areas commencing operations have between 2 and 4 trails open. Don’t risk ruining your equipment or your body, pick another recreational activity such as hiking or mountain biking and keep your skis in the closet until we get several feet of natural snow provided by Mother Nature.

It was nice to see so much activity on the Incline Village MLS last week. While we only had three new listings and a handful of price reductions, seeing seven properties go under contract this time of year is a very healthy sign for the Incline Village real estate scene. The properties getting accepted offers ranged from a little one bedroom condo priced at $157,000 all the way up to a lakeview property in the lower Tyner subdivision offered at just under $3.2 million. We are pleased to announce that the beautiful home we had listed at 746 Eagle Dr. was one of the places getting an accepted offer.

With no precipitation on the horizon it looks like late November and early December will continue to be a good time for buyers to look at properties in the Lake Tahoe area. While there is some snow above 8000 feet on the West and South Shores, the North and East Shores are completely free of snow in the residential areas. This makes it easy to view properties and also see the lay of the land which is somewhat unusual for this time of year. And sellers tend to get more motivated as we edge closer to wintertime making it easier for buyers to strike a better deal than they might have been able to do in the summer.

There are two very intriguing new listings that buyers of Incline Village real estate will wish to contemplate. Condo shoppers have a rare treat with #18 L’Ermitage coming on the market at the asking price of $549,000. This highly desirable gated community is located on the south side of Southwood Boulevard just a couple of blocks from the post office and the Village Shopping Center. This particular property has been remodeled and features two bedrooms, 2.5 baths, 1546 ft.² of living space and a one car garage. Hardwood floors, stainless steel appliances, and granite countertops are just a few of the upgrades that grace this 2-story, townhouse style condominium.

Luxury single-family home buyers who won’t flinch at a price tag of $8,295,000 will find the new listing at 1580 Vivian Ln. to be an eye-opener. This gorgeous home is just a stone’s throw from the semiprivate beach that is utilized by only the property owners on this lovely street that runs to the south of Lakeshore Boulevard. Boasting six bedrooms, six full baths, two powder rooms, over 7000 ft.² of interior living space and a four car attached garage, this elegant home would make a superb place to entertain your extended family and friends. With high quality finishes throughout and amenities such as a shared pier and your own boat buoy, this is an extremely attractive property to consider for anyone shopping in this price range.

We would like to take a moment to wish all of our readers a very happy Thanksgiving! All of us have so much to be thankful for as we wrap up 2014 and look forward to the New Year. We would like to express our sincerest thanks and gratitude to all of our clients and to the numerous service providers who have helped us in so many different ways. It is with much excitement and anticipation that we look forward to 2015.

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