Condominium market review- 2008 and 2009
January 5, 2009 4:20 pm Incline Village Real Estate, Listings, Market InformationThere are currently 147 condominiums on the market:
| Bed | Number | Low | Median | High |
| 1 | 18 | $174,500 | $375,000 | $495,000 |
| 2 | 48 | $229,900 | $499,000 | $$1,949,000 |
| 3 | 70 | $224,900 | $510,000 | $4,395,000 |
| 4+ | 11 | $395,000 | $509,000 | $3,495,000 |
For buyers here is what you can expect to find within each size and price range.
One bedroom units:
Under $200,000(Low) -Pinebrook complex located off Incline Way, small units offer 600 sq. ft. of living space in a three story building. Apartment style living with exterior stairwells and close quarters. Great for an entry Incline, you aren’t buying for the ambience.
For $375,000 (Median)Forest Pines with 753 sq. ft., the complex offers a swimming pool/ clubhouse and walking distance to ski beach. New siding and roofing assessments will need to be negotiated.
At $495,000(High)McCloud – 797 sq ft. with one car garage, walking distance to Ski Beach. Nice grounds and well managed association.
Two bedroom units:
Low end prices start at $229,900 for a Southwood Court complex offering 1040 sq. ft. central location on a busy street, Southwood. Higher rental area.
Median price $499,000 Fairway Pines, located off the Championship Golf Course off Village Blvd., 1452 Sq ft. with two car garage. Layout is compact, three levels with stairs to access main living area.
High price $1,949,000 will place you in a Stillwater Cove unit with 1586 Sq. Ft. located in Crystal Bay. Complex has all the amenities you expect, outdoor pool (open in summer) tennis, golf carts take you to your unit. Full time guards and gated facility, pier and lake views.
Three bedroom units:
Low $224,900 will place you in an Incline Manor located on Northwood Blvd. Apartments converted to condominiums, 1088 sq. ft.
Median$510,000 Couer Du Lac, low elevation complex with outdoor pool and small clubhouse, walk to Ski beach, 1200 sq. ft. living area. Newer siding and roofs just completed.
High $4,395,000 Stillwater Cove larger unit with 3,624 sq. ft. panoramic lake views.
Four Bedroom units:
Low $395,000 Sierra Pines off Southwood Blvd. with 1468 sq ft – 4 bedrooms open onto a main living area, no handicap access to upper levels.
Median $509,000 Forest Pines, 1388 sq. ft. low elevation with pool on site and walking distance to Ski beach. Open layouts and easily updated.
High $3,495,000 Crystal Shore Tower- Penthouse unit with 2840 sq. ft. Panoramic Lakeviews. Beautifully remodeled unit on one level with direct access from elevator.
Where are the best buys?
The higher the number of listings the higher motivation on the part of sellers. Mountain Shadows located off of Skiway has 11 unit on the market ranging in size from 1360-1782 sq ft. priced between $374,500-$499,999.
Bitterbrush located off Fairview Blvd. has 8 units listed ranging in price from $425,000-$795,000, two and three bedroom units, many with lakeviews.
