February Market Update

Happy February! Throughout January, Incline Village saw well over 10 feet of snow! For many of the ski resorts around the Tahoe basin, snow totals for January were all-time record breaking. 

January was a great month for the Inside Incline Team as well as for the Incline Village real estate market as a whole. We collectively closed on 5 deals within the first two weeks of the month! We closed our listings at #284 Ski Way Ridge, 696 Bidwell Court, #84 Tahoe Racquet Club, and #43 Pinebrook, as well as our listing at #62 Creekside East, which we double-sided, representing both the listing and selling side. All in all, our sales volume for the month of January totaled $2,182,500! We would like to thank all our clients for their patience through each transaction, we look forward to working with you again in the future!

In total, the Incline Village real estate market saw 10 sales of single-family residences ranging in price from $507,500 for a 4 bedroom, 2 bath, livable fixer-upper at high-elevation to $1,182,500 for 2,500 square foot lakeview home in Crystal Bay on HWY28. We have also seen the sale of 1 freestanding condo in the Incline Creek Estates subdivision that sold for $1,389,500. In the condo market, we have seen 17 sales ranging in price from $150,000 for a 1 bedroom, 1 bath, 600sqft apartment-style condo, to $975,000 for a 1,200sqft peek of the lake condo at the prestigious 999 Lakeshore address. 

As we will be quickly approaching the Spring months (fingers crossed for more winter!), Buyer's are currently finding they have attractive negotiating power as opposed to waiting until the Summer months, where prices will generally be pushing 5-10% higher and a "buyer-frenzy" will be taking place for under-priced properties.