Incline Village, Lake Tahoe Real Estate Update

So much to report on this week.

First: The snow is fabulous so get those snow boards, ski’s and snow shoes out of the closet and get ready to enjoy incredible conditions!  Here is a link to local area ski resorts: SKI RESORTS

Second: New Listing!!! Located in the Lakeview Subdivision which continues to be a sought after area reflected in the active sales  activity. This neighborhood is a favorite for locals and second home owners with kids. It offers easy year round access, a block off Lakeshore Blvd. ( 3 mile stretch which parallels the lake). Burnt Cedar beach (link)  one of two private beaches is a short walk or drive, here you will enjoy sandy beaches, green lawns, barbecue areas, outdoor swimming pool, volleyball and play center for the kids.

869 Ophir Peak- New construction just completed- 4 bedrooms, 3.5 baths, 4000 sq ft. 3 car garage, large south facing deck with hot tub and a level fenced yard. $2,495,000.

A must see to appreciate! This property was taken down to the studs and rebuilt in 2008. This was built not as a speculative venture but instead a custom home. The attention to detail is evident throughout!

The spacious kitchen accommodates the chef’s and lots of company. Adjoining the kitchen is an expansive living and dining area with a wall of windows and doors (14 to be exact) . This home successfully combines an elegant and inviting atmosphere of warmth. An evening in front of the fire is easy to imagine after a friendly dinner and wine tasting.

Third: Brokers Open House Tour  Feb,. 10, 2009

It was a short tour this week with several repeat properties. Properties are allowed to be placed on the open house tour once every 6 months this is the case with 4 of the properties.

New listings

1535 Debra Lane: Desirable area with a private beach / pier and only 10 homeowners to share it with.   The home was built in 2001,the size and layout  works well for a family. The price is a little aggressive at $999 a sq.ft.  The living room is massive so be prepared to buy lots of furniture to fill this space.

841 Tanager- Town home- Low elevation- excellent condition – priced well- 3 bed, 2.5 bath, 2 car garage $759,000.

Repeats:

28 and 30 Somers Loop are side by side homes with similar floor plans but finishes which are different as night and day!  They both back onto an open area and offer limited peaks of the lake, both have elevators to access the 3 levels of living areas. That’s were it ends. If you want the Tahoe style construction it’s 28 Somers and if you want a contemporary San Francisco loft style finish 30 Somers Loop is for you.

Two condominiums were repeats with price reductions of $50K and $75K - Both are located off Village Blvd. and the only units in their complex listed for sale.  Lake Country Estates- Village Highlands.

Market review: Feb. 1 – 11, 2009

Active listings: condominiums=141         homes= 221        town homes= 61

February has brought 24 price reductions – 11 condominiums and 13 homes. Home reductions ran between $100K to $500K.  Residential expired or withdrawn from the market  totaled 11.

Homes:Under contract – Solds

Town homes: Under Contract No solds

Condominiums: Under Contract- No Solds