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Incline Village : Real Estate Advice

  • All64
  • Local Info2
  • Home Buying26
  • Home Selling4
  • Market Conditions4

Activity 42
Wed Feb 3, 2016
rrovai asked:
My husband and I are looking for seller finance home in Tahoe area. We are post short sale and live/work in SF Bay Area. We currently don't qualify for conventional (but do qualify…
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Wed Jul 15, 2015
Debra (Debbie) Rose answered:
You can't list a house for sale on trulia as a for sale by owner.

Only agents may post homes here

try zillow.com - they accept fsbo's
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Wed Jul 15, 2015
Debra (Debbie) Rose answered:
your agent's MLS may no longer be syndicating their listings to trulia.

Ask your agent to try and manually input the listing
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Fri May 22, 2015
Jeffrey and Kirstin Corman -Top Producer answered:
True understanding the segment of the market is essencial. Right now condos under $500K are selling fast. Property over $2Mil is also moving quickly. My advice to buyers in this market , look at several properties and get a true understanding of the market conditions, what properties you like and then you will understand if now is a good time to buy, Rates are rising, and this would probably be a good time before the busy season kicks in. Good luck in your home search ... more
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Sat May 9, 2015
jah_tahoe asked:
That would require a separate structure away from the buildable lot location, power, etc. I believe regs have changed over the years, curious about their application and exemptions.
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Fri May 2, 2014
Jeffrey and Kirstin Corman -Top Producer answered:
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
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Tue Mar 18, 2014
Sabrina & Don answered:
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.
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Wed Oct 30, 2013
Sabrina & Don answered:
The median price for single-family homes in Incline Village and Crystal Bay from 2008 to the present time is as follows:

2008 $1,120,000

2009 $1,000,000

2010 $839,000

2011 $771,000

2012 $744,900

2013 $998,000

It is important to keep in mind that in a high-end vacation resort market such as Incline Village that the median price is only one of many statistics that provides an indication of prices in our market. In 2013 the median price is up significantly when compared with 2012, but the median size of a home being purchased this year is 10% larger than last year.


Since our community is comprised of custom homes and there are an enormous variety of floor plans, lot sizes, slopes, differences in the view ( one house could have an incredible Lakeview and down the street a house with a similar square footage might look only at the trees) that it's important to do a very careful comparable market analysis to determine the approximate fair market value of any particular property.

Don Kanare
RE/MAX Premier Properties
775-828-3380 (office) 775-745-5820 (cell) 775-833-3665 (Fax)
E-mail: Don@InsideIncline.com
Web Site: http://www.InsideIncline.com
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Mon May 27, 2013
John Eppolito answered:
Two bedrooms condos sold Incline Village and Crystal Bay from 1/1/2013 - 5/26/13:

Number sold: 22
Average sold price: $371,975
Median sold price: $300,000
Lowest sold price: $140,000
Highest sold price: $1,100,000
Average days on market: 157
... more
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Sun May 26, 2013
Tom Cal asked:
How much did a 1 bedroom apartment in Incline Village rent for in 2003 (10 years ago)? What has been the approximate rate of rent inflation/deflation?
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Mon May 20, 2013
Bruce & Sandy Soli answered:
FHA loans are fairly uncommon in Incline Village as Incline is predominantly a second home market. There are some great non-FHA loan programs out there. Make sure you are working with a local lender who understands the Incline Village market. Remember the Conforming vs. Jumbo loan line is $417,000. Have you identified a home that meets your needs? Are you working with a local Incline Village agent? If you need any specific info or advice on Incline please reach out to us.

-B
... more
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Sun Mar 17, 2013
Donesa Tipgos answered:
Thanks for all your great answers.

We are going to Tahoe this Wednesday and Thursday and if we have time we will have a good look around. We are ideally looking for somewhere that we can rent out eithger full time or on a part time basis over the next ten years.

I am not sure whether it is better to buy on the California side for this purpose (I would prefer to retire to the Nevada side for tax reasons) as it is closer to the main ski resorts and summer activities.

Thanks again
... more
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Sun Mar 10, 2013
Bruce & Sandy Soli answered:
Our crystal ball says we are on the rise. Inventory levels are at all time lows since 2008. did you know that at the height of the market in 2008 there were 282 single family homes for sale in Incline Village alone? Today we are at 93. WOW! We have made the turn and look forward to an improved and more healthy market for everyone! ... more
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Mon Mar 4, 2013
Alvin Steinberg answered:
The approximate HOA dues range from a low $150 per month to approximately $350 per month. Depending upon what each Association has. This dues cover water, sewer, trash, snow removal which is always a large his expense, outside maintenance, fire insurance, landscaping, if any, upkeep of the sauna and spa, some places even have a swimming pool. ... more
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Wed Dec 12, 2012
Ron Rovtar answered:
You might check out www.postlets.com. This site is owned by Zillow, but it is a good tool for syndicating a listing to a number of other sites. And you can use it to create a more professional looking flyer for Craigslist.

Best,
Ron
... more
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Mon Dec 10, 2012
Karen Lee Packman answered:
I would recommend the Gardnerville / Minden / Genoa area. Homes are a lot less expensive and there's more of a full-time residence to socialize with. Tahoe is great to enjoy for a number of years but a lot of people (especially retired people) end up sliding down the mountain to the valley after a number of years.

If they've already experienced living in Tahoe, this area may be a great option. There's less snow, beautiful mountain views, and you're still close to Tahoe
... more
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Mon Sep 10, 2012
Bruce & Sandy Soli answered:
Will do. We are about due for an awesome Mammoth Ski Trip! Look us up too when you make it back to Tahoe! Best...Team Soli
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