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Incline Village Real Estate News 4/28/19

Wow, what an amazing week for the Incline Village real estate market! 14 properties went into escrow as sunny skies and beautiful weather returned to the Lake Tahoe basin. With only 8 new listings on the Incline Village MLS the inventory actually declined.

What’s most remarkable is that at this exact same time 3 years ago there were 252 houses, condos and freestanding condos listed for sale. As of this writing there are only 122 pieces of Incline Village real estate on the MLS. This is a decline in the number of properties available for sale of more than 50% in just 3 years!

What’s even more extraordinary is that there are only 6 freestanding condos currently on the market. That’s not a typo. We had to triple check the MLS just to make sure we weren’t reading something incorrectly. Just 31 attached condos are listed for sale and the luxury properties have been getting snapped up left and right. Only 3 condos are priced in excess of $1 million. This means that high-end condo shoppers have been buying up virtually everything available during the past year.

New Listings Price Changes In Escrow Closed Escrow

There is a new listing in Third Creek that low elevation condo shoppers will want to check out ASAP. 929 Northwood Blvd. – #10 is a 3 bedroom, 3 bath, 1918 square-foot end unit located close to the pool and clubhouse. You’re also just a stone’s throw from the chipping green at the Championship Golf Course. Great floor plan, nice setting, reasonably priced at $925,000 Click Here to See a Virtual Tour

Maybe you would prefer a nice lake view to go along with that purchase of Incline Village real estate. If so we have a price reduction at 554 Silvertip Dr. for you to consider. A $100,000 haircut brings the asking price for this remodeled lak eview home down to $1,288,000. The house has been through a major remodeling project and is definitely worth a look even if you have visited it previously

Weekly Real Estate Update

Statistics gathered from the Incline Village MLS on 4/28/19

Houses Condos PUDs

For Sale 78 31 6

Under $1 million 10 28 4

Median Price For Sale $3,188,000 $549,000 $558,000

YTD Sales 2019 31 42 16

YTD Sales 2018 51 53 16

New Listings 8

In Escrow 14

Closed Escrow 4

Range in Escrow $525,000 – $2,400,000

These statistics are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of April 28, 2019

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