Incline Village 3rd Quarter 2021 Market Report
Incline Village finished the 3rd Quarter of 2021 with median home prices up 40% YTD compared to last year. Homes are also selling faster, listed for only 32 days on the market, compared to 54 days last year. The median price for all homes in Incline Village rose to $2.5 million, with 35% of all homes sales between $2 million and $5 million.
Incline Village lakefronts showed a median price increase of 179% year over year! In 2020, the median price was $9.1 million compared to $25.3 million in 2021.
Inventory Lower in 2021
However, like other areas around Lake Tahoe, sales volume was down 29% because of a lack of inventory. When you compare 2020 to 2021, 250 homes sold between January and October. In 2021, it dropped to only 183 homes sold. This is still higher than 2019, which had only 170 homes sold in Incline Village.
If you are considering listing your property for sale, this is an excellent time to get the best possible price.
90% of my business comes from referrals, and I work between the Lake Tahoe and Bay Area markets. As more Bay Area buyers are choosing their second or primary residence at Lake Tahoe, I am uniquely positioned to serve both markets. With over $1.5 billion in sales, we are proud to be ranked among the top 1% of agents in Northern California by the Wall Street Journal.
This month, I have chosen 3 of my favorite lakefront listings in Incline Village.
Incline Village Featured Lakefront Listings
575-573 Lakeshore Blvd
This Grand Tahoe Lakefront Lodge draws its inspiration from Yosemite's legendary Ahwanee hotel. Upon entry, you’ll encounter splendid southward vistas over Lake Tahoe as well as an eye-catching walnut staircase. The living room boasts a panoramic lake view in addition to 39-foot alder ceilings. Just off the living room, sits a lakeview bar accented by a 10-foot section of a claro walnut tree. European-inspired touches adorn both the kitchen and dining room. The master suite is on the same level, showcasing gorgeous views, granite fireplace, free-standing tub, and his-and-her toilet rooms. In the family room, pocket doors open onto a 4,000-sq ft paver terrace, surrounded by impeccable lawn and landscaping. Upstairs, there are two guest suites and junior master as well as a workout room. The Grand Tahoe Lodges exterior is made of cedar and granite. The property also has a lakeview 4 bed 4 bath guest house, two buoys and a shared pier with boat lift.
Listed at: $60,000,000
457 Lakeshore Blvd
This impeccable home offers panoramic lake views, with lovely landscaped grounds, and 2 private buoys. This rare and unique Lake Front home was custom-built by esteemed builder John Crinion. The stunning entry is complete with vaulted cedar ceilings, with ridge skylight and floor-to-ceiling windows The great room extends into the open kitchen, dining, and deck with an auto-retracting awning. The large wet bar is complemented with natural stone counters and custom cabinetry, which continues into the kitchen. Take the elevator to all three floors, and straight into the master suite, which showcases amazing lake views, with a private office area complete with cherry wood cabinets. The master bathroom includes its own lake view right from the spa tub or the dual-headed shower! On the ground floor, two more bedrooms feature their own dazzling views and each provide en-suite baths and direct access to the paver patio, overlooking the spacious lakefront lawn.
Listed at: $13,500,000
2020 W. Lake Boulevard
This one-of-a-kind, lakefront estate is situated on 1.7 level acres with more than 130 feet of lake frontage. The main house is 7 bedroom, 7.5 bath, with a three car garage. The guest house boasts two bedrooms and 1.5 bath, with total square footage of approximately 10,000 sf. The classic and elegant interior has been recently updated, making the home inviting and ready for use. This home also features an indoor pool and outdoor, custom, in-ground spa. A gated entrance and heated driveway lead through beautiful grounds, a walking path, and bocce court. Enjoy a private deep water pier with boat hoist and two buoys.
Listed at: $38,500,000
Dually licensed in both California and Nevada, I’ve built an amazing referral network across Northern California and Incline Village, Nevada. Additionally, many lakefront buyers want to view listings on every shore of Lake Tahoe, which requires an agent knowledgeable and licensed in both California and Nevada.
Contact me today if you are thinking of listing your luxury property for sale, or want access to the most exclusive and exquisite listings at Lake Tahoe.