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Incline Village, NV Real Estate News

By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
The Pre-Listing Home Inspection. Why it is so important in today's market with so much inventory, so little sales and so few deals actually coming together? How can sellers get top dollar for their homes and make them stand out among the competition? Find out by watching our video.   There are other tools to explore as well, such as staging, correct pricing of course and on-line marketing. Ask us how we get our listings viewed by 87% of the buyers out there!
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
This week there were only 10 houses on tour (beats last weeks that was canceled altogether).  There was the full run of the gamut though, from a condo at $250K to a newly remodeled home for $2.5 Million. As a short sale this unit located at 825 Southwood Boulevard #1 is a pretty good deal (thinking perhaps you could offer a bit less as there are others in the same complex for sale (bank owned), just not as nice.) on the interior.  Negotiations are definitely the name of the game here.  For an investment you could probably get $900 in rent per month! In the same Southwood Corridor of town there is a unit at 861 Southwood, High Sierra #25 listed for $327,500.  Smells a bit smokey, but aside from that it is not a bad deal.  Again, negotiations are key!  As an investment you are looking at ...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
The NOD Blog for Incline Village real estate.  Although Incline has fewer notice of defaults than most of Washoe County, they do keep a comin'...the bank owned (REO) listings too! NEW NODs this week are as follows: 580 McDonald State Route 28, Crystal Bay (lot) There are no new reported bank owned (REO) properties yet this week!  For a detailed list of all potential short sales and bank owned properties, click here.
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
No sales, but there were some new escrows to report and a whole bunch of price reductions. Do you smell opportunity? Well, it's out there, you just need to sniff it out and if you want any help, just let us know. This week there were 7 New Listings...2 Condos, 3 PUDs and 2 SFRs. Total price reductions were at 17 and YES...they were all REDUCTIONS! 3 Condos, 1 PUD, 1 Investment Property and 12 SFRs.  Did any of these make the cut for the Best Buy list or Hot Buy category?  Check out new additions here.  928 Wendy Lane #3 is bank owned, over 2000 sqft with 2 car garage and now listed at $389.  We had the last sale in there at $477,500 a year and a half ago.  346 Winding Way is now a Short Sale and just dropped to $1.2Mil, at this price you can almost overlook the highway below for the nic...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Do you live in Incline Village?  Do you know all about the amenities that are available to you?  This amazing place offers amenities galore, activities, private beaches, two upscale golf courses, skiing, tennis, swimming pools and more. If you own property here you get 5 Recreation Passes per household for access to the beach and discounts at golf and ski.  You'll need a Recreation Photo ID, or a Recreation Punch Card available at the Parks & Recreation Department Counter located at the Incline Village Recreation Center (980 Incline Way). Whether you are in town for a day or are a year-round resident, you can enjoy the 37,000 square foot, first-class complex with a wide variety of activities for all ages and interests. The Recreation Center offers a complete selection of programs and eq...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
We all have them, but if you are 55+ years old you should check out these opportunities offered by Incline Village General Improvement District (IVGID) February Senior Fitness Opportunities!  It's not too late to join the 2009 Incline Village Recreation Center "No Whiners Workout Fitness Challenge"! Earn a chance to wear a cool participant t-shirt declaring "I'm Not A Whiner" and a chance to win a trip to the Wine Country and other great raffle prizes! For more information click here!  You can join my team with Captain Sandy Soli at the Helm.  We kicked it off with a 'Wine Party' and are planning a few fun events of our own for the group. New! 55+Walk the Gym - February 9th-May 29th. Don't let the cold snowy weather stop you from staying active. Instead, walk the Incline Village Recreat...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Conditions are GREAT at Diamond Peak and in just a week and a half they will be hosting Toyota's Sick & Twisted Slopstyle Event on March 1, 2009.  This event is open to men and woman.  Watch skiers and snowboarders get sick and twisted in the new terrain park located on the Spillway run at Diamond Peak.  This is a favorite event...helmets required!
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
‘The Condo Craze'is a new monthly blog post that we are putting together for you featuring one condominium or PUD complex.  We will give you the nitty-gritty (good and bad) on each of these complexes and dig up as much information as possible to help you in understanding each complex and the pro's and con's for living in these specific developments.  For those of you that live out of town, a PUD is a Planned Unit Development, similar to a Condominium Complex, they are usually run by an association and monthly dues are instituted to keep the grounds, property and units in the best possible condition.  Not all associations are considered equal and it is always important to look at the healthiness of the association when purchasing in ANY complex. We found it only appropriate to start of o...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
The Notice of Default list is updated with a few new properties.  According to a forecast a the 'CRS Sellabration Event' in San Francisco last week, foreclosure will start to decline (nationally) as Short Sales pick up and Foreclosures will probably be back with a vengeance in 2011.  For now banks are trying to work with sellers to either do loan modifications or sell in a short sale.  The banks are quickly beginning to realize that they do not want to be in the Real Estate business. The following properties just hit the NOD list: 1308 St. Gallen Ct. - Bank & HOA 869 S. Dyer For a complete list of Foreclosures and Properties in default click here...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
The snow is finally starting to fly although we feel as if we are in the 'banana belt' with West Shore and Truckee getting most of the snowfall and here in Incline...most of the cold weather, but little snow. As far as real estate goes, we are consistent and still a bit slow on the activity.  There were a total of 9 new listings 3 Condos, 1 PUD and 5 SFRs.  The New PUD on the list is 1372 Tirol.  This freestanding condo was on the market previously at a much higher price.  It started a few years back at $1.3 Mil, brand new remodel of a 1980 built unit with Brazilian Hardwood floors, Granite kitchen, Travertine baths and new Pella windows throughout.  It boasts 5 bedrooms, 3 baths and a 2 car garage as well as almost 3000 sqft.  This Hot Buy is now listed at $799,000 (a smokin' deal at $...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Valentine's Day Dinner at Snowflake Lodge...Diamond Peak!  Take your love to a higher level by enjoying an intimate Valentine's Day Dinner at the Snowflake Lodge on February 14, 2009.  Catch a chairlift up to the mid-mountain Snowflake Lodge where you'll be treated to an amazing sunset (unless of course it is still dumping snow...woohoo!) over Lake Tahoe while being served an incredible five course dinner, paired with wine.  Seating is limited, so reservations are highly recommended.  For reservations call 775 832 1194 or visit www.diamondpeak.com for more information. MENUAmuse GuilesTimbale of Ahi Poki with Blood Orange JusOrDuck Breast Prosciutto with Huckleberry GastriqueDellamotte Champagne Vintage 1997 Maine Lobster Bisque with Medallions of Lobster TailRodney Strong Sauvignon Bl...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Want to enjoy some wine tasting and skiing...on the slopes?  Starting this week thru the end of the season you can do just that at Diamond Peak with their program called 'Last Tracks'.  Take the chairlift up to the mid-mountain Snowflake Lodge (gorgeous views too) and enjoy wine tasting and appetizers before skiing or snowboarding down a freshly groomed run.  Last Tracks events happen every Saturday and tickets are only $32.  You can purchase Last Tracks Tickets on-line at www.diamondpeak.com .
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
For some the economy just keeps getting worse and then worse.  There are several new Notice of Defaults in Incline Village, which means more Foreclosures coming down the pipeline as well.  If you are interested to know where the good deals are hiding, visit us at www.solirealestate.com and click on 'Foreclosures' directly on the home page. There are currently 39 already foreclosed on properties in Incline Village.  Still think they haven't yet hit our market?  That's approximately 9% of our inventory.  I've got news for you..it's happening and at the moment it is not slowing down.  For Buyers, this is an incredible opportunity for you to be purchasing a property that is at least 20% marked down from Fair Market Value.  Get in the game early when you can still be picky! NEW NODs: 321 Ski...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
It's tough times for many businesses and the Washoe Building Department is seeing layoffs and cutbacks as well.  Don Jepson visited the Incline Village Board of Realtors this morning to share with us that as of March 1, 2009, there will no longer be a Washoe County Building Department satellite office open in Incline Village.  Their revenues have gone from $4Mil to just a little over $1Mil and it is not enough to warrant a satellite office. Not only will these cutbacks affect Incline Village, but the Reno staff will be cut by 7-8 people as well and hours will be reduced from a 40 hour work week to a 32 hour work week.  There will not be any cross over either to cover lunch breaks, the office will be closed for lunch instead. Although these cutbacks are necessary to sustain business and ...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
It's tough times for many businesses and the Washoe Building Department is seeing layoffs and cutbacks as well.  Don Jepson visited the Incline Village Board of Realtors this morning to share with us that as of March 1, 2009, there will no longer be a Washoe County Building Department satellite office open in Incline Village.  Their revenues have gone from $4Mil to just a little over $1Mil and it is not enough to warrant a satellite office. Not only will these cutbacks affect Incline Village, but the Reno staff will be cut by 7-8 people as well and hours will be reduced from a 40 hour work week to a 32 hour work week.  There will not be any cross over either to cover lunch breaks, the office will be closed for lunch instead. Although these cutbacks are necessary to sustain business and ...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
At least there is some activity to report, which means we are doing better than some other markets, but it's still relatively slow compared to prior years. This week in the Incline Insider we are reporting the following sales, new escrows, price reductions and market rejections... There were a total of 11 new listings on the market (about 6 of these are repeats to the market so in truth there are only 5 new ones). 1 New Condo, 8 PUDs and 2 SFRs. New escrows are good at 1 New Condo, 1 New PUD and 2 New SFRs, 966 Agate which has been on the market for some time, then was rejected by the market and just came back in escrow (looking forward to sharing the closing price on this one as it is a nice home on over an acre...yes 1 acre lot) and also 620 Martis which started at over $5Mil and has ...
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By Tracy Saunders
(Chase International)
Only only closing this week to report here in Incline Village and that was in the Single Family marekt.  1005 Apollo Way originally listed at $2,499,000 closed for $1,900,000.  This is a 5 bedroom/4 bath/2 car garage beautiful Lakeview Home.  I am sure the new buyers will enjoy thier bargin.  I have seen a pickup in number of showings and have been extremely busy myself showing propery - working 10-12 hour days and loving every minute of it. Check back next Friday for my weekly Incline Update.
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Incline Village is a small town on the North Shore of Lake Tahoe.  Within this small community there are several small subdivisions or neighborhoods and each one boasts some wonderful qualities. The most desirable subdivision in Incline is of course the Luxury Lakefronts.  This area consists mainly of Lakeshore drive which extends the length of the entire village.  The most sought after homes on Lakeshore are of course on the Lakeside and offer breathtaking views of Tahoe, some with sandy beach, pier or buoys.  A walking path also runs the course of Lakeshore drive allowing for health enthusiasts and the casual walker to eyeball the homes and peeks of Tahoe between homes. Directly uphill from Lakeshore is the Lakeview Subdivision, another desirable place to live with most homes in walki...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Numbers are UP for the upper end of the market in Single Family Residences.   Apparently the wealthy still have money and know where to spend it as the market over $2Mil in Incline Village did very well this month.  Planned Unit Developments and Condominiums continue the typical trend downward. In standing inventory for Single Family Residences (SFRs) we are currently at 220 homes which is an increase from last year by about 12%, escrows are up by about 29% with 7 new and sales were up from last year by 50% with a total of 6 (Great news for SFRs).  Comparing the same to just last month, the numbers change slightly...Inventory is virtually the same, escrows are up by 14% and sales were the the same. Planned Unit Developments PUDs) are up 13% in standing inventory, holding at about 53 uni...
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By Lexi Cerretti
(Intero Real Estate Services)
What a great holiday week we've had with new snow, welcome visitors in town, and so many fun events. Noel Nights are a treat at Northstar- ice skating, hot drinks and activities- I wish we had a rink in Incline Village, it would be a great activitiy for families in the eveings, and a wonderful social gathering place. Come up and enjoy the snow, all ski areas are open and cold nights have kept conditions nice!
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