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Incline Village Real Estate November Wrap-Up

Incline Village Real Estate November Wrap-Up

While the nation was focused on the Thanksgiving holiday, shopping on Black Friday and the riveting events happening in Ferguson, Missouri and other communities around the country these two Incline Village real estate agents were busy negotiating the sale of our Lakeview listing at 677 Cristina. We are pleased to report that of the nine properties going into escrow on the Incline Village MLS last week one of them was the aforementioned property with an asking price of $2.5 million. Many thanks to the agents representing the buyer for bringing us a clean offer and working in a positive manner to put the deal together.

The latest series of small storms that commenced on Friday night brought only a trace of wet, slushy snow and a bit of rain to the Nevada side of North Lake Tahoe. The West Shore and South Shore received a few inches of accumulation above 7500 feet, but not enough to make skiing a viable option for the outdoor enthusiast. It looks like we might get some more significant precipitation during the coming week, but temperatures at lake level will be in the high 30s to low 40s. So, any chance for a large amount of snow piling up will likely be relegated to high elevation locations and primarily those that are facing West or South. The ski resort that might benefit the most would be along the upper reaches of Heavenly Valley. Sugar Bowl, Kirkwood, Squaw Valley and Alpine Meadows could also potentially receive good amounts of snow depending on how the storms barrel in to the mountains.

There are a couple of new listings worth a look on the Incline Village real estate scene as we make our way into the first week of December. Buyers looking for a good value among three-bedroom, 2.5 bath condos will want to check out the latest offering at #117 Mountain Shadows. Priced at only $349,000 this 1360 ft.², two story, townhouse style condominium sits in a nice woodsy location in a fairly quiet part of the complex. Best of all, the listing agent is one of our favorite people to work with!

Lakeview condo shoppers may wish to check out #350 Burgundy Hill which hit the market with an asking price of $349,500. This two-bedroom, two bath, 1264 ft.² foot penthouse unit has been partially updated and is offered fully furnished. Along with a nice view of Lake Tahoe you also get an underground parking garage along with elevator access (although we prefer taking the stairs for exercise).

The most notable price change on the Incline Village MLS last week is for the Lakeview home at 573 Rockrose Ct. Losing nearly $90,000 of excess weight this five bedroom, 3.5 bath, 3356 ft.² home near the end of the cul-de-sac has a pleasant woodsy setting and exudes Tahoe charm. The new asking price of $1,198,000 puts this on our shortlist for properties in this price range.

Overall, the Incline Village real estate market had a stellar November with 26 properties going into escrow during what is traditionally one of the slower months of the year. But, with the stock market rebounding nicely and the Ebola scare in the United States just a distant memory, buyers returned in full force to snap up the best values. Sellers holding properties that did not get offers during the busy summer season are very often a bit more motivated this time of year to strike a deal. So, after the next round of storms clears off around midweek, it appears that the first half of December will be an excellent time for buyers to look at properties and begin wheeling on dealing on any property that looks appealing.

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