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Inlcine Village condo review Sept. 20, 2009

by Lakeshore Realty

Condominiums offer an affordable entry into Incline Village real estate market.

The selection is excellent with 183 condominiums for sale ranging in price from a high of $2,295,000 found in the Stillwater Cove lakefront complex in Crystal Bay to a Median priced McCloud at $495,000 offering a two bedroom  two bath unit. The lowest price is $155,000 for a one bedroom, one bath, 600 sq ft pinebrook unit.

Highest motivated seller's are in the McCloud complex where you will fine 24 units for sale offering 1,2 & 3 bedroom units all with one car garages.

If a lake front is of interest you too are in luck with 20 units to review in several lake front complexes. These complexes offer different amenities such as a dock, sandy beach, lake views or actual lake frontage. The highest sale this year was for a beautifully remodeled 3 bd 3 bth Crystal Shores East unit selling at $1,550,000. The median list price for lake front condo's is $1,489,000.

The lowest list price is $899,000 for a back row unit in 999 Lakeshore located next to the Hyatt Hotel.

There have only been 40 closed sales and 4 pending sales. Homes are still the leader in sales with 60 closed transactions and 18 sales pending.

Now is the time to make a move and take advantage of the depressed (but not for long) market!

 

Incline Village home sales Sept. 20, 2009 market update

by Lakeshore Realty

The activiity in our office indicates buyer's are finally getting off the fence and jumping into the buying pool!

Price reductions are occuring and new listings priced right are getting showings! The kind of market buyer's have been waiting for.

Fall is traditionally a busy time, buyer's look all summer and watch the market as new listings hit their peak by June and seller's take advantage of the active summer months with vacationers and potential buyer's.

September has held true to this pattern. This is how the market stacks up today:

Homes- 242 For Sale

Highest price is $34 million which buys a 8.75 acre estate on the beautiful shores of Lake Tahoe. Three homes and a buildable parcel.

Median price is $1,545,000 which buys a house on the Championship golf course with 4 bedrooms, 3.5 baths approx. 4000 sq ft. remodeled on the market since 6/08.

Lowest price is $399,000 which buys a 1200 sq ft fixer with 2 bedrooms and 1 bath.

Home Sales Jan-Sept. Total 62

High=$7,350,000 Lakefront home needed work

Median=$1,035,000 Mid elevation, 2600 sq. ft. 4 bed 3.5 bath remodeled built 1978

Low=$370,000- bank foreclosure- high elevation- 1600 sq ft home fixer

Foreclosures made up 12 of the above 62 sales and 1 was a short sale

Selling prices: 100-$500,000=6

                    $501K-$700,000= 14

                    $701,000- $900,000= 6

                    $901,000- $1,200,000= 6

                    $1,200,001-$1,500,000= 4

                    $1,500,001- $2,000,000= 7

                    $2,000,001-$2,500,000 = 5

                    $2,500,001-$3,000,000= 5

                    $3,000,001- $8,000,000= 9

Under contract of sale= 18 which makes this third quarter our highest quarter with 40 days to increase this number.

Take the leap and take advantage of a market that appears to be leveling out!

Foreclosures, Short Sales and REOs

by Lakeshore Realty

SINGLE FAMILY HOMES

803 Jennifer St. - 3 Bed/2 Bath - 1282 SF - $429,000 - Short Sale

634 Village Blvd. 4 Bed/4 Bath - 2705 SF - $459,900 - REO

929 Dorcey Dr. 3 Bed/2 Bath - 1980 - $510,000 - Short Sale

581 Sugarpine - 3 Bed/3 Bath - 2490 SF - $698,000 - Short Sale **REDUCED**

621 Tumbleweed – 3 Bed/2 Bath – 2312 SF - $749,000 – Short Sale  **REDUCED**

155 Wassou – 3 Bed/2.5 Bath – 2032 SF - $775,000 – Short Sale 

CONDOS

989 Tahoe Blvd. #77 - 3 Bed/2 Bath - 1649 SF - $250,000 - Short Sale

333 Ski Way #273 - 1 Bed/2 Bath - 1062 SF - $305,000 - Short Sale

770 Southwood #7 - 2 Bed/2.5 Bath - 1371 SF - $347,000 - Short Sale

928 Wendy Ln. #3 - 4 Bed/3 Bath - 2044 SF - $349,900 - REO

699 Hogan Ct. #1 - 3 Bed/2.5 Bath - 1848 SF - $365,000 - Short Sale 

FREE-STANDING TOWNHOMES

1324 Tirol Way - 2 Bed/2 Bath - 1024 SF - $309,000 - Short Sale **REDUCED**

949 Harold Dr. #14 – 3 Bed/2 Bath – 1533 SF - $348,000 – Short Sale 

Lakeshore Realty Price Reductions

by Lakeshore Realty

335 Ski Way #323 - Burgundy Hill

1 Bedrooms, 2 Baths, 1064 Square Feet

Reduced from $335,000 to $329,000

 

830 Oriole Way #16 - White Pines

4 Bedrooms, 3.5 Baths, 1752 Square Feet, 2-Car Garage

Reduced from $424,500 to $411,524

 

144 Village Blvd. #81 - McCloud

2 Bedrooms, 2 Baths, 1089 Square Feet, 1-Car Garage

Reduced from $538,900 to $505,000

 

932 Dorcey Drive

3 Bedrooms, 2.5 Baths, 1832 Square Feet, 2-Car Garage

Reduced from $650,000 to $599,000

 

629 14th Green Dr.

3 Bedrooms, 3 Baths, 2543 Square Feet, 2-Car Garage

Reduced from $1,295,000 - $1,150,000

 

NEW LISTINGS - Third Creek and McCloud

by Lakeshore Realty

JUST LISTED

929 Northwood #88 - Third Creek

3 bedroom, 3 bath end unit at Third Creek.  Offered nicely furnished for $697,000.

Click here for more details and photos.

__________________

144 Village Blvd. #86 - McCloud

Sunny upper unit at McCloud. 2 bedrooms,2 baths, 1111 square feet.

Offered for $499,000

Click here for more details and photos.

Foreclosures, Short Sales and REOs as of 9/06/09

by Lakeshore Realty

SINGLE FAMILY HOMES

803 Jennifer St. - 3 Bed/2 Bath - 1282 SF - $429,000 - Short Sale

634 Village Blvd. 4 Bed/4 Bath - 2705 SF - $459,900 - REO

929 Dorcey Dr. 3 Bed/2 Bath - 1980 - $510,000 - Short Sale

581 Sugarpine - 3 Bed/3 Bath - 2490 SF - $750,000 - Short Sale

155 Wassou – 3 Bed/2.5 Bath – 2032 SF - $775,000 – Short Sale 

621 Tumbleweed – 3 Bed/2 Bath – 2312 SF - $799,000 – Short Sale   

CONDOS

989 Tahoe Blvd. #77 - 3 Bed/2 Bath - 1649 SF - $250,000 - Short Sale

333 Ski Way #273 - 1 Bed/2 Bath - 1062 SF - $305,000 - Short Sale

770 Southwood #7 - 2 Bed/2.5 Bath - 1371 SF - $347,000 - Short Sale

928 Wendy Ln. #3 - 4 Bed/3 Bath - 2044 SF - $349,900 - REO

699 Hogan Ct. #1 - 3 Bed/2.5 Bath - 1848 SF - $365,000 - Short Sale 

FREE-STANDING TOWNHOMES

1324 Tirol Way - 2 Bed/2 Bath - 1024 SF - $309,000 - Short Sale **REDUCED**

949 Harold Dr. #14 – 3 Bed/2 Bath – 1533 SF - $348,000 – Short Sale 

Lakeshore Realty Price Reductions

by Lakeshore Realty

 

418 Pat Court

3 Bedrooms, 2.5 Baths, 1628 Square Feet, 2-Car Garage

Reduced from $572,000 to $549,000

929 Northwood Blvd. #133 - Third Creek

3 Bedrooms, 3 Baths, 1787 Square Feet, 1-Car Garage

Reduced from $739,000 to $687,000

986 Dorcey Dr.

3 Bedrooms, 4 Baths, 4396 Square Feet, 2-Car Garage

Reduced from $1,200,000 to $1,000,000

919 Southwood Blvd.

3 Bedrooms, 3 Baths, 2639 Square Feet, 2-Car Garage

Reduced from $1,195,000 to $1,129,000

 

NEW LISTINGS - McCloud and Bitterbrush

by Lakeshore Realty

Just Listed

McCloud #234

Nicely upgraded lower McCloud condo.  Walking distance to the beach, Rec. Center and Hyatt Regency.  2 bedrooms, 2 baths, 1,089 square feet, furnished.

Offered for $569,000

Click here for more details and photos

___________________

Bitterbrush #111

Nicely furnished end unit great lake and mountain views.  Garage plus carport.  Best value at Bitterbrush.  2 bedrooms, 2 baths, 1,232 square feet.

Offered for $415,000

Click here for more details and photos.

Displaying blog entries 1-8 of 8

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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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