The pace of new listings slowed this past week in Incline Village, with 19 new homes, condos and PUD’s coming onto the market this past week (compared to 28 the week prior). The number of properties in escrow in the Incline Village real estate market is stable at 52 (51 the week prior), with a slight increase of 455 active listings (451 the week prior)- 208 single family homes, 174 condos, 47 PUD’s (free standing townhomes), 17 lots, and 9 commercial/investment properties. Total sales to date 2010 are 113.

Incline Village home sales
This past week, we saw 8 new sales in the Incline Village market (6 sales for the week prior), including 3 single family homes and 5 condos. Sale prices ranged from $236K to $700K, with one sale at $3.3MM- a Vivian Lane home with common lake frontage. All sales were cash to new loans.
View all 8 home sales for the past week in Incline Village and Crystal Bay

Incline Village home contracts
10 properties went into contract this past week, including 5 single family homes and 5 condos, 4 of these are short sales. Notable new escrows include 250 Estates, listed at $1.5MM in Millcreek.
View all  10 new homes in contract this past week in Incline Village and Crystal Bay

Incline Village new listings
19 new listings came onto the market this week, down from 28 the week prior. Two great lake view homes were listed, including my listing at 1041 Apollo Court- a newer construction, 5 bedroom home with unobstructed panoramic lake views of the entire Lake, an indoor swimming pool, theater, game room, gourmet kitchen, and office space.
View 9 homes listed this week in Incline Village
View 8 condos listed this week in Incline Village
View 1 townhome listed this week in Incline Village
View 1 investment listed this week in Incline Village

Price Reductions
There were 28 price reductions (and 4 price increase) this past week in Incline Village. View all 32 price changes this week

We saw an an increase in new listings in Incline Village, with 28 new homes, condos and PUD’s coming onto the market this past week. The number of properties in escrow in the Incline Village real estate market is stable at 51 (53 the week prior), with a growing 451 active listings (433 the week prior)- 206 single family homes, 174 condos, 46 PUD’s (free standing townhomes), 17 lots, and 8 commercial/investment properties.

Incline Village home sales
This past week, we saw another 6 new sales in the Incline Village market (same as week prior), including 4 single family homes, 1 condo, and 1 townhome. Notable sales include 650 Lakshore Blvd.- a new construction 4,620 sq ft home close to Burnt Cedar Beach with lake views reduced to $3,850,000 and sold for $3.2MM cash. A Zahler built home at 220 Glen Way at “The Glen”, a lovely gated complex adjacent to the tennis courts at the Rec Center and walk to Incline Beach, just sold for $1.7MM. This 4,414 sq ft PUD was reduced to $1,850,000 and purchased with a loan.
View all 6 home sales for the past week in Incline Village and Crystal Bay

Incline Village home contracts
6 properties went into contract this past week, including 3 single family homes and 2 condos. Notable new escrows include 585 Lakeshore Blvd., the $10MM main house at the old Trepp Estate (most recently Walsh Estate), a 6,571 sq ft home with outdoor pool, private beach, and shared pier. The caretakers home ad adjacent parcel sold earlier this year with shared pier for over $11MM. The other 4 new contracts are for listings all priced below $1MM.
View all  6 new homes in contract this past week in Incline Village and Crystal Bay

Incline Village new listings
28 new listings came onto the market this week (up from 16 the week prior), including 14 single family homes, 11 condos, and 1 lot. Another lakefront listing came onto the market this week at 30 Crystal Drive in Crystal Bay at $7.2MM. This home features rights for launch and recovery off the Pier owned by my seller at 32 Crystal Drive. Eight other homes were listed between $1MM and $3.5MM, with one newly reconstructed home at 652 Crystal Peak walking distance from Burnt Cedar Beach and pool.
View 14 homes listed this week in Incline Village
View 11 condos listed this week in Incline Village
View 2 townhomes listed this week in Incline Village
View 1 lot listed this week in Incline Village

Price Reductions
There were 14 price reductions (and 1 price increase) this past week in Incline Village. 794 Tyner Way, a handsome Rodman built 5 bedroom lake view home, dropped nearly $200K from $2,785,000 to an attactive $2,595,000. 772 Lakeshore, a 5 bedroom, 5.5 bath home close to the beaches was also reduced from $2,599,000 to $2,450,000. 28 Somers Loop, a gorgeous new Tahoe style home with supreme finishwork and 200 yeards from Lake Tahoe was reduced nearly $50K to $1,848,000. This home is in a wonderful Crystal Bay setting with boulders and old Tahoe feel, and features FULL IVGID rights to Incline Beaches! 571 Putter Ct. with 200 ft on the Championship Golf Course dropped over $300K from $2.2MM to $1,895,000. 645 14th Green dropped from $1,875,000 to $1,795,000. 554 Valley Dr. fell from $1,645,000 to $1,595,000 as did 1050 Lakeshore Blvd from $1,625,000 to %1,595,000- a great opportunity to build or remodel on prestigious Lakeshore Blvd.
View all 15 price changes this week