Incline Village Real Estate and Community News

Jan. 14, 2019

NEW SHORELINE APPLICATIONS AVAILABLE

New Shoreline Applications Available

The Tahoe Regional Planning Agency has released a series of updated permit applications for shorezone projects and activities under the recently-adopted Shoreline Plan that is taking effect this year. Shorezone applications now available online at http://www.trpa.org/permitting/permit-applications/ include:

Express Check applications for expedited TRPA review of in-kind shorezone structure reconstructions

Declarations for exempt and qualified exempt activities that do not require a TRPA permit but must be declared, including repair and maintenance of existing shorezone structures

A general shorezone application for concessions, pier expansions and modifications, boat ramps, shoreline protective structures, floating platforms, beach raking, and lakebed dredging and filling activities

An information packet on the application process for new piers

Adopted by TRPA’s Governing Board in October 2018, the Shoreline Plan lifts a longstanding moratorium on new shorezone structures including private piers and buoys at Lake Tahoe. The plan authorizes up to 12 private piers permitted every two years with a cap at 128 new private piers.

The new pier information packet provides more details about applying for a new pier. TRPA will accept applications for new piers between June 1 and June 30, 2019 and will select up to 12 new pier applications by July 17, 2019 to move forward through the permitting process. Private piers serving multiple parcels will be scored for consideration based on criteria in the TRPA Code of Ordinances, while private piers serving only one parcel will be selected for consideration through a new lottery system.

The Shoreline Plan also requires existing buoys to be registered with TRPA starting March 1, 2019. TRPA is creating a portal on the website https://LakeTahoeInfo.org where people will be able to register buoys online and pay annual buoy registration fees and scenic impact fees.

Property owners will be able to register existing buoys starting this March if they have a buoy permit from Nevada Division of State Lands, California State Lands Commission, or the U.S. Army Corps of Engineers; if they applied for a buoy permit from TRPA between 2008 and 2010; or if they can provide proof that a buoy was in place prior to 1972.

More information on registering existing buoys will be released in coming weeks as the new registration system is put in place. Applications for new buoys at Tahoe will not be accepted by TRPA until March 1, 2020.

Posted in Community News
Jan. 11, 2019

INCLINE VILLAGE MARKET REPORT

Incline Village, NV 89451

Fri Jan 11 2019 

This week the median list price for Incline Village, NV 89451 is $1,622,500 with the market action index hovering around 22. This is less than last month's market action index of 28. Inventory has held steady at or around 30. Click here to stay informed with the Incline Village market!

 

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Posted in Market Updates
Jan. 11, 2019

TAHOE RENO 2018 YEAR-END REAL ESTATE DATA

2018 Year-End Real Estate Market Reports

2018 was a good year for Lake Tahoe, Truckee and the surrounding area real estate market. While major urban and suburban markets experienced a cool down fueled by buyer price exhaustion and supply factors that play into frenzied markets, Northern California and Nevada resort properties remained a popular investment.

As interest rates continue to be a hot topic, second home/ resort markets remain fairly insulated from the effects of nominal rate hikes. And with winter off to a healthy start in the Sierra, we can anticipate another prosperous real estate

climate in 2019 with a bustling and balanced market that benefits everyone.

CLICK ON THE LINKS BELOW TO REVIEW MARKET TRENDS BY NEIGHBORHOOD 

 

EAST SHORE 

 INCLINE VILLAGE 

 NORTH & WEST SHORE  

RENO / SPARKS 

 SOUTH LAKE 

 TRUCKEE 

 SIERRA / PLUMAS COUNTY

CARSON VALLEY 

 SIERRA FOOTHILLS

 

If your community of interest is not listed or you’re unsure what the data means for your situation, please don't hesitate to contact me.  Data was compiled from six multiple listing services and is current as of January 9, 2019. The information is deemed reliable but has not been verified. 

 FEATURED PROPERTIES

638 Fairview Blvd. Incline Village $3,295,000

Property Details >

434 Valerie Court Incline Village $3,995,000

Property Details >

431 Valerie Court Incline Village $3,995,000

Property Details >

1082 Flume Road Incline Village REDUCED! $1,299,000

Property Details >

Interested to know what your home might be worth in today's active market?

Looking for primary home, vacation or investment opportunities? I'm happy to assist.

CONTACT ME

 

Posted in Real Estate News
Dec. 31, 2018

INCLINE VILLAGE MARKET REPORT

Incline Village, NV 89451

Mon Dec 31 2018 

This week the median list price for Incline Village, NV 89451 is $1,622,500 with the market action index hovering around 24. This is less than last month's market action index of 29. Inventory has held steady at or around 30. Click here to stay informed with the Incline Village market!

 

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Slight Buyer's Advantage

 

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Posted in Market Updates
Dec. 29, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

S&P Case-Shiller Home Price Index

The S&P Case-Shiller Home Price Index for October saw a rise of +.4% vs. the prior month, a larger than expected increase. Looking back at September’s monthly growth, we have a positive revision to +.7% from the previously reported +.3%. However, if we look year-over-year, the rate has still declined to +5.0% from a previous +5.2%. This now marks the seventh month in a row where the annual rate is down from the peak of +6.8% back in March. Diving into the report, 18 of 20 cities saw price increases, with Las Vegas (+.8%) leading the charge. The two declining cities in October were San Francisco (-.6%) and Seattle (-.3%).

Pending Home Sales

The NAR’s pending home sales index for November decreased 0.7% vs. the prior month. Economists forecasted an increase in the index of 0.7%, a sizeable miss. The index is down 7.7% year-over-year. Activity in the Northeast and West saw increases in their respective regions, while the Midwest and South are down over 2% month-over-month. This index is a leading indicator of housing activity, which shows further weakness in US housing.

Conference Board Consumer Confidence

The Conference Board Consumer Confidence index, which measures consumer confidence based on 5,000 households, came in weaker than expected at 128.1 vs. 133.5, adding fear of economic slowdown. The October reading of 137.9 was the highest since 2000. December’s index is elevated, but the index has fallen from October’s highs the past two months, leading to more concerns of an economic slowdown.

Posted in Real Estate News
Dec. 24, 2018

NEVADA BECOMES FASTEST GROWING STATE IN THE NATION

Nevada is now the nation’s fasting growing state, after the U.S. Census Bureau released their most recent data Wednesday, Dec. 19.

The Silver State is home to more than 3 million people, with over 450,000 of them living in Washoe County, according to the bureau.

Between July 2017 and July 2018, Nevada’s population increased by nearly 61,000 people.

More than 330,000 people have moved to Nevada since 2010, per the U.S. Census Bureau’s decennial census.

In fact, Washoe County saw a growth rate of 1.8% in the last year.

According to the Northern Nevada Regional Growth Forecast, Washoe County has seen a 13.5% increase in jobs and an 8% increase in the number of occupied households.

Storey County alone saw a 218% population increase largely due to the Tesla Gigafactory, per the state demographer.

Douglas County had seen a population decline for several years before the arrival of the gigafactory.

The state demographer also notes that Washoe County is expected to see a population increase of over 16,000 people over the course of the next four years.

In the same time, Nevada is expected to grow by 200,000 over the next four years.

Experts who study these numbers say Nevada will be characterized by an increasingly diverse and more technologically advanced economy.

That will likely mean higher paying jobs, but it will create a need for a more highly trained workforce.

Posted in Community News
Dec. 24, 2018

INCLINE VILLAGE MARKET REPORT

Incline Village, NV 89451

Mon Dec 24 2018 

This week the median list price for Incline Village, NV 89451 is $1,650,000 with the market action index hovering around 23. This is less than last month's market action index of 26. Inventory has held steady at or around 31. Click here to stay informed with the Incline Village market!

 

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Slight Buyer's Advantage

 

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

 

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Posted in Market Updates
Dec. 6, 2018

INCLINE VILLAGE MARKET REPORT

Incline Village, NV 89451

Thu Dec 06 2018 

This week the median list price for Incline Village, NV 89451 is $1,547,500 with the market action index hovering 

around 26. This is less than last month's market action index of 27. Inventory has held stead

y at or around 40. Click here to stay informed with the Incline Village market!

 

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

 

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Posted in Market Updates
Nov. 20, 2018

INCLINE VILLAGE MARKET REPORT

Incline Village, NV 89451

Tue Nov 20 2018


This week the median list price for Incline Village, NV 89451 is $1,550,000 with the market action index hovering around 26. This is less than last month's market action index of 28. Inventory has held steady at or around 41. Click here to stay informed with the Incline Village market! 



Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

 

 

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Posted in Market Updates
Nov. 14, 2018

SIERRA NEVADA INSIDER NOVEMBER 2018

WINTER IS IN THE AIR

With below freezing temps in the evenings, our Lake Tahoe resorts are blowing snow and gearing up for Thanksgiving weekend and a festive kick off to ski season in the Sierra.

FEATURED HAPPENINGS

November 16

Bud Fish Tree Lighting

Downtown Truckee

 

Join Sierra Sotheby's International Realty for cookie decorating and cocoa during this annual Truckee holiday tradition. 

 

READ MORE>>>

November 16 - December 16

Polar Express

V&T Railroad, Carson City

 

One hour long rides with characters, entertainment, Santa and a souvenir silver sleigh bell to

remember the journey. 

 

READ MORE>>>

November 16

42nd Annual Elegant Affair

Tahoe City

 

Support North Tahoe Boosters and Tahoe

athletics programs at this annual local's favorite, black-tie-optional food and wine affair. 

 

TICKETS>>>

November 17 | 4-7 pm

Tree Lighting at the Summit

Sierra Sotheby's @ The Summit Mall Reno

 

Join Sierra Sotheby's International Realty for a

Holiday Kick Off for our associates, family and friends featuring a Hot Cocoa Bar, light

appetizers, beverages and a warm place to watch the fireworks during the Summit Tree Lighting. 

 

RSVP>>>

November 17-18

Sacramento Ski Expo

Cal Expo

 

Huge Gear Sale, Beer & Wine Tasting,

Pro Athlete Exhibitions, Lift Tickets and so much more... 

 

GET TICKETS>>>

November 23

Heavenly Village Tree Lighting

Heavenly Village, South Lake Tahoe

 

Gather ‘round for the first annual lighting of the monstrous 45’ tall highly decorated cut fir tree and the kick off to Heavenly Holidays Festival. 

 

READ MORE>>> 

November 23 - 25

Finding Neverland

Pioneer Center for the Performing Arts, Reno

 

Directed by visionary Tony®-winner Diane Paulus and based on the critically-acclaimed Academy Award® winning film, Finding Neverland tells the incredible story behind one of the world’s most beloved characters: Peter Pan. 

 

TICKETS>>> 

November 23 

Warren Miller's Face of Winter

Squaw Valley

 

69th installment from Warren Miller Entertainment featuring the world’s best skiers and riders in some of the most legendary destinations to honor a face that launched a thousand quips.

 

READ MORE>>> 

 

Orbital Reflector Anticipated to Launch November 19

After three years in the making, Trevor Paglen: Orbital Reflector, co-produced and presented by the Nevada Museum of Art, will soon be visible from Earth with the naked eye — like a slowly moving artificial star as bright as a star in the Big Dipper. Download the App (Starwalk for iOS) (Starwalk for Android) and prepare to track the satellite once it launches.

 

READ MORE>>>

 

Google Debuts ARCore Exclusive with Curate App for

Sotheby's International Realty 

 

In collaboration with Google, Sotheby's International Realty® brand is the first real estate brand to launch a virtual staging AR app, transforming the homebuying and selling

experience by allowing consumers to visualize a home as their own before purchase.

Download the Curate App on Itunes or Google Play

 

READ MORE>>>

Posted in Community News