1131 Lakeshore is actually 5 contiguous parcels with 5 separate addresses being sold together. It can be divided and sold individually. With the entire package it is just under 5 acres with 4 homes.
There are 2 piers, 2 buoy's a boat house and 330+ feet of lake frontage all included at $49.9M. Let me know if you would like more details about this or any estate property in the Tahoe area, NV or CA.... more
The average sale price to list price can vary pretty dramatically due to the wide ranges of prices of properties in our community. Also, coming out of the recession sellers are now getting a much higher percentage of the asking price as compared to the previous 4 years.
A general rule of thumb in our current seller's market is that SFRs are selling for about 90% to 95% of the asking price. This is based on the current list price, not the original asking price which could have been quite a bit higher.
Some homes remain on the market for many years waiting for just the right buyer. Recently a house on the Mountain Golf Course at $1,235,000 with a current asking price of $1,289,000, which would appear to be 95.8% of the asking price.
But, when you realize the house was on the market for 2 years at $1.9 mil, 1 year at $1.6 mil, then 1 year at $1.3 mil. before the final price reduction it makes the math a bit more complex.
The median days on market in 2014 is 196. Average days on market is not a viable stat for Incline Village and Crystal Bay since some properties are so unique (like a lakefront in Crystal Bay that sold in 2013 after 10 years on the market), that the median # of days on market is a better barometer.... more