Guest Blogger Lexi Cerreti

 One of my fellow statistics junkee’s on the other side of the hill is also on my blogroll.  I read her blog on a regular basis as it is straightforward without a bunch of negative chatter.

I do want to mention however that being from the Incline Village and the North Tahoe area myself that Incline Village would rarely see a foreclosure except perhaps in the case of death, divorce, bankruptcy etc. and it would usually get picked off at the courthouse.

I am still a little uncertain as to when the bank owned et al will stabilize for Incline Village homes and other second home areas.  I have worked on a model before for second homes that is weighted heavily on the time bought and the amount financed etc. but I would need to add a lot more data to get any type of reading in todays market.  (Good excuse Ron).

Anyhow, hereeee’s Lexi;

Incline Village Real Estate Blog

Incline Village Real Estate Update Dec. 28

December 28th, 2008

In the past week, 4 new listings came onto the Incline Village and Crystal Bay market, including 3 homes and 1 condo, ranging in price from $229,900 to $4.6M. There were 5 price changes including 4 homes (2 out of area) and 1 PUD (townhome). 620 Martis Peak (corner of Lakeshore) is now a short-sale at $3.795M and 7,145 sq ft living area with lake views. Let me work with you to make an offer on this home- I have shown it many times and know it well. This is the prime opportunity in Incline’s luxury end of the market, especially if you can get in for about $500 per sq ft and have the powerline in front buried (this can be done but has been a big issue for many). This is a short walk to Burnt Cedar Beach and would be a fantastic vacation home and/or rental with 6 bedroom suites. One listing at 600 Village is new under contract and 6 homes are in contract currently, along with 4 PUD’s in contract and 4 Condos in contract. Keep an eye on 527 Sugarpine and 121 Rubicon sales prices, and let me know if you want to make a back-up offer on either, as the sales are not yet final! This past week, 4 listings sold- 2 homes, a condo and a PUD, see below for details.

Homes:
1535 Debra Lane $4.6M- A grand, Tahoe style home with log accents with shared lake frontage, pier, sandy beach and boat buoy. This 4,600 sq ft home was built in 2001 with 3 beds, 3.5 baths and 3 car garage on .577 acres.
114 Vue Court $1,349,000- A nicely remodeled home on a creek with lake views in Ponderosa. With 3,959 sq ft living area, this is a great buy with 6 bedrooms, 4 baths and a huge game room- great vacation rental.
579 Douglas Court $699,000- Just re-listed, this 3 bedroom 2 bath home has peeks of the Lake and mountains and is remodeled- a nice option in this price range, look to negotiate on price.

Condos:
870 Southwood, Southwood Ct #7 $229,000- For bargain hunters, this is a bank-owned property with 2 bedrooms, 1.5 baths low elevation, you can walk to the beaches.

New Sales:
960 Garen listed at $698,000 sold for $590,000- nicely remodeled
521 Sugarpine listed at $599,000 sold for $530,000 (my buyers)- in the neighborhood of $3M+ homes
824 Northwood listed at $725,000 sold for $675,000- new construction
144 Village- McCloud #88 listed at $549,000 sold for $530,000 – across from Incline BeachPlease contact me if you would like to see these or any other great buys over the Holidays- I am available and know the negotiating points on many of the best buys on the market. I am proud to have just represented buyers in the sale at 521 Sugarpine, getting nearly $70,000 trimmed off the already very reduced asking price on a 3 story remodeled home on 3/4 of an acre in desirable Ponderosa neighborhood. Let me negotiate your sale, and benefit from my insight and skill and being strong without overbearing, it is the best way to get your price and get the seller on board.

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This entry was posted on Sunday, December 28th, 2008 at 1:20 pm and is filed under Incline Listings. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Filed under: 2008 STATISTICS, FORECLOSURES, INCLINE VILLAGE, LOCAL MARKET