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Posted by: Bruce & Sandy Soli | July 26, 2010

What’s Happening Inside Incline Real Estate Week of July 19th-25th

We’re crusing mid summer and still ‘steady as she goes’ in the Real Estate Market in Incline Village, Nevada on the North Shore of Lake Tahoe.  Here is what’s happening inside the Incline Village Real Estate Market for the week of July 19th-25th…

Incline Village Real Estate New Listings…13 condos, 2 PUDs (Planned Unit Developments) and 7 single family homes hit the market this week.

Incline Village Real Estate Price Changes…9 condos (8 went down in price while 1 went up) and 12 single family homes (11 down and 1 up) changed their pricing schemes this week.  Not sure that raising your price is going to help anything.  862 Jefrrey, a short sale on the market, is now down to $455K, 825 Southwood is $139,900 and 870 Southwood is down to $139K.  549 Lakeshore is another to watch, what a great deal getting a condo on the lake with a garage.  hmmmm  1000 Lakeshore #14 continues to be the best deal in the complex and is now down to $624,900 (remember gang this is walking distance to everything, beaches, Hyatt, restaurants and all the hub ub of Incline Village).

Incline Village Real Estate New Escrows…3 condos, 1 PUD and 4 single family homes went into escrow this week.  Of the new single family home escrows 772 Geraldine is a darling little property and what a great deal.  1398 Tirol, after reducing to $399K quickly found a buyer and rightfully so, it’s an adorable place with great views.  The deal of the week in our opinion is 929 Northwood #88 at $595K, the only drawback to this one is the location at the end of the street and across from Daycare.  Might be a little busy with traffic and some screaming???  Mostly happy screams I’m sure!

Incline Village Real Estate New Sales…Only 4 homes sold this week and the first investment property closed in over two years.  WOW!  A duplex for $295K, doesn’t seem like a bad deal to me.  It does overlook the highway, but as a true investment property the numbers should pencil out pretty well.  Golfers Pass closed for $89K less and sits right on the golf course and after 834 days on the market 538 Dale closed for $1.25Mil (we think the seller scored on that deal).

Incline Village Real Estate Market Rejects…Only 2 condos were rejected by the market this week.

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