The real estate market in Incline Village seems to have stabilized and buyers are investing in both primary and vacation homes. Bank-owned properties and short sales make up a very small percentage of the total sales. The statistics for overall residential sales from January 1 to September, 2011 show slightly fewer sales this year compared to the same period in 2010. But, there have been 48 additional sales or pending sales since October 1, so in my opinion, by the end of the year, there will be just about the same number of sales as last year. There are still many excellent values on the market which are driving buyers to invest in the Lake Tahoe area.
ZIP Codes: 89451, 89402 Location Characteristics: Incline Village is in the Sierra Nevada Mountains on the north shore of Lake Tahoe. It is a premier resort area with both winter and summer recreation activities.
About Peg Augustus:
Peg Augustus has been a real estate professional at Lake Tahoe for over 28 years and has been one of Lakeshore Realty's top producers year after year. She specializes in distinctive and luxury properties for vacation, investment and primary homes. Peg can help explain the significant tax benefits of living in Nevada in one of the most beautiful places in the world. Peg is your real estate expert for Lake Tahoe.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
