Incline Village real estate and community update

So what happened to Spring?

It is still a little to chilly for shorts (55 degrees and windy) yet, everywhere I go in town I notice a sunburned person! When the weather gets warm the locals, who should know better …seem to be out soaking up the rays…unfortunately at such a high elevation of 6500 ft. above sea level, you get burned easily and quickly. So pull out the sunscreen before you hit the beaches.

Sales activity is picking up slightly as we work our way into the second half of the second quarter. Every sector of  the market (homes, condo’s and PUDs)  is focused on the lower price ranges. Condominium activity is between $200-$400K, Planned unit developments are a little higher in the $300- 500K ranges and homes are concentrated in the $800K and below. There are a few exceptions but not many.

The broker’s Open House Tour today had several interesting homes and a few..are you serious?

Lake front condominiums are especially tricky to price because the inventory is not very large and unless a seller is motivated they usually start at a premium price. These are the same units you will find on the  market after summer.

There are two complexes which offer private beach access which can be a plus but their lake views or better put peak views from the interior may be right into a neighbors exterior wall…another tough selling challenge.

The best steal so far this year was the sale at 346 Winding Way, selling at $925,000 bank foreclosure with an incredible per sq. foot price of $261. It started on the market at $1,795,000 a long way from the selling price.

Keep an eye out for our Newsletter we mailed out this week with more real estate market  information.