Incline Village , Lake Tahoe, Real estate update

March 26, 2009

This month has passed so quickly. Hard to believe we are approaching the end of our first quarter .

A quick overview of the Incline Village and Crystal Bay Market:

Residential:

Lowest listing Price=$408,000 Median List Price=$1,699,000 Highest List Price=$39 Million

Lowest sold Price= $470,000 Median sold Price=$2,050,000 Highest Sold Price= $3,675,000

Planned Unit Developments:

Lowest list Price=$329,000 Median List Price= $999,000 Highest List Price=$2,450,000

Lowest sold Price=$312,500 Highest Sold Price=$520,000

Condominiums:

Lowest List Price=$174,500 Median List Price= $479,000 Highest List Price= $3,950,000

Lowest Sold Price= $109,000 Median Sold Price= $482,000 Highest Sold Price= $850,000

Out of 15 neighborhoods the highest concentration of homes for sale are found in the lower elevations of Lakeview subdivision and Millcreek, both desirable areas for year round enjoyment.

Lakeview Subdivision has 27 homes ranging in price from a Low=$617,000 ( this is a foreclosure that has 7 offers on it! ) Median=$2,599,000 and High=$3.7 Million.

Millcreek subdivision has 28 homes ranging in price from a Low=$599,000 Median=$1,395,000 and High=$5.5 Million.

Statistics for all neighborhoods

Planned unit developments

Condominiums

What an incredible time to invest in a primary or second home! We have a great inventory to review right now and with Spring upon us, the inventory of properties will increase! As inventory increases buyer’s are forced to evaluate their pricing to stay competitive. All pluses for buyer’s !

Our biggest tourist season of Summer is fast approaching so make plans now to visit and start your search for the perfect property now with our property alerts.