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MLS Information Feb. 19 - Feb. 28

New Listings

Price Changes

Under Contract

The following status' apply for listings "Under Contract" :

P = Pending Bank Approval (REO, Short Sale, Foreclosure)

C = Contingent - Contingent on Contract Terms

U = Under Contract - Contingencies Released

The only lakefront activity for 2010 is the sale pending on "The Tahoe Treasure"  listed at $12,000,000. This sale represents 573 Lakeshore Blvd, two of four parcels are under contract. The sale includes a buildable parcel and resident which encompasses a buildable lot and a residence both on over 4 acres.

Two beautiful residents within this lake front compound which totals  8.75 acres are available for purchase . They are spacious parcels with approximately 2 acre lots surrounded by pristine landscaping and Lake Tahoe at your doorsteps. Click the images below for details on these listings.
 
Sold in 2010

Residential - 2010 Activity

Status

Number of Listings

Median Price

Sold

14

$1,075,000

Pending

6

$750,000

Contingent

5

$829,000

Under Contract

3

$599,000

 

Condos – 2010 Activity

Status

Number of Listings

Median Price

Sold

9

$319,000

Pending

11

$299,000

Contingent

12

$319,000

Under Contract

2

$399,000

 

PUDs – 2010 Activity

Status

Number of Listings

Median Price

Sold

6

$549,950

Pending

2

$845,000

Contingent

8

$742,500

Under Contract

2

$950,000

Market Trends : A look at Condo sales from 2009

Jan-09 vs. Jan-10: The number of under contract properties is up 233% 

Incline Village, NV Real Estate Update - Feb. 14, 2010

by Lakeshore Realty

MLS Information Feb. 13th- Feb. 21st

As 2010 moves on, real estate business is steadily increasing. See the links below for MLS information on the Incline Village and Crystal Bay, NV area in the past week.  There are a significant number of new listings and some price reductions worth noting.

New Listings

585 Lakeshore is one of Lakeshore Realty's spectacular lakefront listings

  • Condos
  • PUDs - No new listings

Price Changes

1069 Mill Creek was reduced to $699,000, a great value for this property!

  • Condos
  • PUDs - No price changes
Under Contract

Sold in 2010

Snap shot of current market- Incline Village & Crystal Bay, Nevada, Lake Tahoe

 

Homes

Condo’s

PUD’s (townhomes)
Listings

162

141

38

Highest price

$34,000,000

$2,100,000

$1,995,000

Median price

$1,395,000

$449,000

$964,000

Lowest price

$239,950

$169,950

$335,000

 

Homes

Condo’s

PUD’s (townhomes)
Sold

14

9

6

Highest price

$3,750,000

$1,850,000

$960,000

Median price

$1,162,500

$319,900

$497,500

Lowest price

$410,000

$215,250

$290,000

Incline Village Real Estate Market Trends, Lake Tahoe, NV

by Lakeshore Realty

What to Expect in 2010 - Prices and Sales

As we approach the end of the first quarter of 2010 it looks like market trends for this year are heading in a positive direction for both buyers and sellers. Noting quarterly sales numbers from years past indicates that while prices continue to drop, the number of sales are increasing.  The chart below shows the median sales price for residential homes over the last four years. From 2006-2007 prices increased 5% and from 2007 on they have significantly gone down, dropping 6% in 2008 and 10.5% in 2009. The graph illustrates that in 2007 prices peaked and have since been decreasing.

This chart shows the fourth quarter sales for 2008 and 2009.  Though PUD sales are even, both residential and condo sales have increased dramatically.

Looking at first quarter sales from 2009 shows that residential sales were at 15 and condo sales at 11.  So far in 2010 we are at 14 residential sales and 9condo sales....considering we are only half way through the first quarter of this year, numbers are looking great!! If this steady flow of business continues, 2010 should follow on the trend of high sales activity and low prices.

Incline Village, NV Real Estate Update - Feb. 14, 2010

by Lakeshore Realty

MLS Information for the Week of Feb. 5th - Feb. 12th

As Feb. moves forward, sales are headed in a positive direction and offering buyers who are looking for an excellent entry level price range good values.

  • New Listings
  • Price Changes
  • Under Contract
    • Single Family Homes
      • Under Contract total single family homes is 18, the popular price range for home sales in 2010 falls below $1,000,000
        • 12 units under $1,000,000
        • 3 units $1,000,000-$2,000,000
        • 2 units $2,000,000- $3,000,00
        • 1 unit   $4,000,000-$5,000,000
    • Condos
      • There are 11 units of the 15 under contract priced below $300,000.
    • PUDs
  • Sold in 2010
    • Single Family Homes
      • A shout out goes to one of our agents- Nevada Methard  who closed 936 Lakeshore Blvd this week at $2,750,000 representing both buyer and seller.

     

    • Condos
      • Out of the 9 sales 7 closed under $400,000.
    • PUDs

Snap shot of current market- Incline Village & Crystal Bay, Nevada, Lake Tahoe

  Homes Condo’s PUD’s (townhomes)
Listings 160 135 38
Highest price $34,000,000 $2,100,000 $1,995,000
Median price $1,500,000 $440,000 $964,000
Lowest price $385,000 $169,950 $335,000
  Homes Condo’s PUD’s (townhomes)
Sold 13 9 5
Highest price $3,750,000 $1,850,000 $960,000
Median price $1,250,000 $319,900 $400,000
Lowest price $410,000 $215,250 $290,000

Residential Sales

Price breakdown for Single Family Homes:

$300-$600,000= 14 $1,800,000-2,000,000=9

$600,000-$800,000=13 $2,000,000-$2,500,000=11

$800,000-$1,000,000=20 $2,500,000-$3,000,000=13

$1,000,000-1,400,000=27 $3,000,000-$5,000,000= 20

$1,400,000-1,800,000=13 $5,000,000-34,000,000=16

Condominium Sales 

The largest number of listings (53) are priced below $400,000, followed by second largest group of 30 units priced between $400,000 to $600,000.

The complex with the largest number of listings is McCloud with 16 units ranging in price from $375,000 (Low) to $520,000(Median).  Bitterbrush follows McCloud with 10 units listed priced -$369,000 (Low) $475,000 (Median).

The lowest priced unit, listed for $169,950, is at Toepa. A median list of $449,000 is found at Fairway Pines while the highest price unit at $2,100,000 is located at Stillwater Cove.

New Faces at Lakeshore Realty

by Lakeshore Realty

Lakeshore Realty is proud to announce the latest and greatest agents who joined our office:

Pam Fernandez 

    

“I’m here to assist you before, during and after every transaction."

I know how difficult long distance ownership can be.

 I want to insure your experience is a good one. 

       I have been a North Lake Tahoe resident since 1974 and began my professional real estate career in 1986. I first served as an assistant for a busy RE Broker for two years before obtaining my salesman's license in 1988 and my Brokers license in 1997. I have consistently achieved top producing agent status since I began listing and selling homes in 1988. Over the past 22 years, I have mastered the art of matching buyers with their perfect primary or vacation home. My home finding skills require not only extensive market knowledge but also focuses on a process of discovery, learning both the needs and desires of my clients. ABOVE ALL, finding the perfect home requires a keen listening ability and quite often a lot of patience! I love the marketing and advertising aspect of selling homes. I design my own ads from property brochure handouts, to magazine and newspaper ads. I strategically place my advertising where it reaches the best audience. While I concentrate on the Incline Village & Crystal Bay areas, as a Nevada licensee I occasionally stretch my limits to the Reno, Carson City, Minden, & Gardnerville areas. However, I know my knowledge limitations and if I feel unqualified to represent you fully, I will find you the best agent in your desired area. As a mother and pet owner, I am very child and pet friendly and sensitive to the needs of parents and pet owners. After several years in the business, I have several good working relationships with variety of vendors and suppliers you may need as a new property owner. I can also provide you with 1031 Tax Deferred Exchange information and refer you to an Accommodator who can answer more detailed questions and assist you with your exchange.

Experience
Broker-salesman License, "G.R.I." Designation - Graduate of the Realtors Institute

Pam Fernandez
Broker-salesman, GRI
Lakeshore Realty
(775) 742-3096 cell
(800) 832-4955 toll free

Tim Lampe

            Tim brings with him a successful history of real estate marketing, development, trained real estate sales negotiator, over 2,400 closed escrows and satisfied clients over the past 28 years.  Tim adds a special element to Lake Tahoe Real Estate with his sales success and development background not often found in today’s real estate culture.

           Tim has been involved in some of the most successful luxury resort real estate developments in the USA including Southern California, Nevada, Lake Tahoe, Montana, and St. Thomas USVI.  However, his true love is Incline Village Nevada, his own backyard with beautiful Lake Tahoe as the backdrop and playground.  Come let Tim show you our exciting 4 season lifestyle in Incline Village.

           Tim is a "Hands On" Realtor.  This lends itself to only working with a few key clients at a time, therefore affording only the highest level of service to each client and more successful results for you.  Incline Village market knowledge, integrity, experience all add up to a Realtor that can exceed your expectations.

           Tim is married to Shahin and a father of 4, the Lampe’s are living the American Dream in Tahoe.  Family sports in Tahoe is the back office of what Tim believes is the reason so many families have chosen Lake Tahoe as there home.  One day with the Lampe’s is like “Camp Tahoe”.
Please do not hesitate to contact Tim with any additional questions about Lake Tahoe Real Estate in Nevada or California.  Or visit his website at:  www.lamperealestate.com for more information.

Tim Lampe
Lakeshore Realty
Cell (775) 745-9730 

Michelle Ward     

  • Not Pictured Here

Lakeshore Realty
Cell (775) 830-6036 
Fax (775) 473-7511

Email: mwardinclinerealty@yahoo.com

Each is a seasoned professionals with a wealth of experience in our real estate and excel at individualized customer service.

MLS Update February 2010  

New Listings  

  • Single Family Homes- Out of the four new listings three were previously on the market and  back on with much needed price reductions. The First time new listing is  555 Knotty Pine  and worth a look. As spring approaches we will see an increase in inventory and more price reductions on the homes still on the market who will need to stay competitive with the new inventory.
  • Condos- One new listing at 1000 Lakeshore, larger floorplan priced under $700,000.  Looking for a short sale  this 2 bed 2 bath at 836 Southwood is a value at $238,000.
  • Lots and Land
  • PUD's- no changes

 

Price Changes  

 

Under Contract (Escrow)  

 

Lakeshore Realty PUD Under Contract

  

300 Glen Way - "The Reserve"

Sold  

 

 

 




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LakeshoreRealty.com
Lakeshore Realty
954 Lakeshore Blvd.
Incline Village NV 89451
775-831-7000
800-954-9554
Fax: 775-831-6777

LAKESHORE REALTY

Lake Tahoe's Incline Village Real Estate Market Experts & Home Sales Professionals

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