Summer Excitement in Lake Tahoe

Summer Excitement in Lake Tahoe

With the sun shining brightly and warm weather upon us, the end of the school year heralds one of the best seasons in Lake Tahoe. Many local trails are now clear of snow, perfect for hiking and biking, while higher trails remain snow-covered. This past weekend, I enjoyed a stunning view of our beloved Village from Rifle Peak (see photo). We eagerly await more trail openings, though the lingering snow serves as a welcome deterrent to potential fires.

This week, the Incline Village and Crystal Bay real estate market experienced typical summer activity. We saw 11 new listings, 6 pending sales, 9 price adjustments, and 5 successful closings.

A standout property, 1709 Lakeshore Blvd, recently underwent a drastic price reduction. This lakefront home, originally listed at $10,900,000, is now priced at $6,000,000—a remarkable figure for a lakefront property in Incline Village. This new strategy involves collaboration with a high-end live auction company.

Additionally, 120 Juanita was recently listed at $1,250,000. These units boast a fantastic location within walking distance to the lakeshore path, Incline beaches, and town amenities. With a great floor plan, they also perform well as investment properties. This is currently the best available unit under $1,500,000 in Incline Village.

As graduation season and family vacations approach, we expect the coming week to be a bit slower. This could be an excellent time for buyers to secure a property before the summer rush.

Summers in Lake Tahoe are wonderful but short, so make sure to soak up every minute of it.

If you're interested in finding out what your property might be worth this summer, don't hesitate to reach out for a consultation and free market evaluation.