August 18 th and school begins today which marks the end of summer for locals, at least to the kids.

Our real estate market is starting to pickup some momentuem this month. Potential buyer’s are revieiwng  the ever increasing inventory of 284 homes, 191 condo’s, 70 Planned unit developments, 18 lots and 7 commercial buildings.

Solds             Under contract

Residental         59                 10

Condo’s            38                  6

Pud’s                 15                 7

Lots                  18                  3

A beautiful listing at 727 Champagne went under contract last week- list price $7,995,000- telling us the high end still has some active participants actually making offers.

It is always interesting to look at the large price ranges Incline Village offers. The highest lisitng is $47 Million with 8.75 acres on the water in a private compound. A median price of $1,599,000 will get you a remodeled , mid elevation filtered lake view home. The lowest priced (short sale) is $479,000 which is basically lot value with a home thrown . All three can be viewed here.

Condominiums have expereinced a reduction in sales and yet the inventory has a wonderful selection to  choose from. Following is a link to the highest, median and lowest priced condo’s.

Town homes or (PUD”S) Lowest, median & highest priced.

For a review and update on new listings or current inventory please sign up for our automatic update feature on  the site.

Enjoy the great weather!

Currently there are 193 condos on the market, 6 in escrow and 35 sold since January 1, 2008. 

Below you will find the current market charts for Condo’s (Active, Under Contract and Sold)

Double click the charts to make larger.

If you have any questions please do not hesitate to give us a call 775-832-3334 (Patti) or 775-832-3333 (Chris)

To view all properties please visit our web site at www.InclineBrokers.com

Currently there are 275 single family homes on the market, 7 properties in escrow and 56 sold since January 1, 2008. 

Below you will find the current market charts for each subdivision (Active, Under Contract and Sold)

Double click the charts to make larger.

If you have any questions please do not hesitate to give us a call 775-832-3334 (Patti) or 775-832-3333 (Chris)

To view all properties please visit our web site at www.InclineBrokers.com

The condo market certainly has an ample inventory for first time home buyers to consider. Prices are hitting an all time low in several well known complexes, McCloud is an exaple. This complex has 254 units broken out between 1,2,3 bedroom units, located just a block from Ski beach. The grounds are well manicured and each cluster of which there are nine has an outdoor spa for that cluster. I worked on this complex during its construction years and know it well. They make great vacation homes and have a good home owners association. There are 17 units listed ranging from a one bedroom at $449,000 and a variety of two bedroom units from $549,000 to $639,000 and three 3 bedroom units averaging $785,000 as an asking price.

The lower elevation complexes tend to have the most activity in the summer months. Buyers appreciate a swimming pool on site, the short walk to beaches and who can resist an evening stroll to the Hyatt Casino.

There are currently out of the 192 units on the market 101 reside in the Central Subdivision which is below Hwy 28 and above Lakeshore Blvd., following is a break out of sample condo’s in the lowest, median,highest price ranges
One bedroom units (10 listed) sample of lowest, median, highest

Two bedroom units (31 listed) ”

Three bedroom units (44 listed) ”

Four bedroom units ( 16 listed) ”

Year to date there have been 35 closed sales

A condominium is a great way to break into the second home ownership in a resort community. You can always utilize a property management company or VRBO (vacation rentals by owners) to off set costs.

Units currently under contract of sale but not closed