Inlcine Village condo review Sept. 20, 2009

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!