May 25th 2010 06:49 pm SLIGHT UPTICK ON REAL ESTATE IN INCLINE VILLAGE AND LAKE TAHOE
As I look out the window, yet another storm arriving tonight. Snow again? What is going on? Storms have been stacking up one after another for, certainly, the last few months. The problem, as we see it, it’s not winter and it’s not summer. It’s not even spring. Strange, strange weather. So waiting to see the sun…our part of the world normally sees the sun over 300 days a year….not this year, of course.
Fortunately real estate business has been keeping me very busy. Not much time to think about the weather or the bike rides I’m not able to ride. Properties are getting lots of showings. It doesn’t appear the tourists are here but whoever is here, seems to be interested in Lake Tahoe real estate. My take is buyers are beginning to realize properties at the Lake are finally good deals. Certainly, a large portion of properties are very attractively priced. We’re seeing price reductions everyday. Today 590 Pinto court was reduced $300,000 to $2,599,000……this home is lovely…real Tahoe look and feel. Four bedrooms, four and one half baths in this 4840 sq. ft. home. Lake and mountain views.
One of my listings was just reduced to $595,000. This property begs someone who thinks outside the box. Each apartment is accessed from the same indoor entrance. Over than $100,000 in upgrades. New siding, new windows, new decks, landscaping, rock exterior, new entrance, and the list goes on. This can be used as a single home….live in one, rent the other or rent both. This is a duplex with 4 bedrooms 3 baths and a 2 car garage. It also has a large work room accessed through the garage. A wood burning fireplace in each apartment and the yard is fenced. Priced to sell. CLICK HERE FOR DETAILS ON 1032 WAR BONNET
Short sales and foreclosures in Incline Village and the North Shore of Lake Tahoe are still available of course, but certainly a very small portion of our listings are distressed properties. I will be posting a new list in the next few days for your viewing. Stay tuned
Best to all,
Linda
Posted by linda / Uncategorized