Snow Predicted this Weekend in Lake Tahoe!
Get ready for a rare treat this weekend as snow is predicted in Lake Tahoe! It's time to bring out those cozy layers with a 60% chance of up to an inch of snow along I-80 in the Sierra, especially above 7,500-8,000 feet. While accumulations are expected to be minimal, it's a unique opportunity to experience the magic of snow in August.
Have you ever seen snow in August at Lake Tahoe? It’s a special event that hasn’t happened since 2004, but it’s not unheard of—historically, snow has been recorded in every month of the year here.
Don't worry, though; the chill won’t last long. Highs are expected to climb back into the 70s next week, welcoming us into Tahoe’s Local’s Summer. So, enjoy this brief winter wonderland, and get ready for the sunny days ahead!
Real Estate Market Update
The real estate market remains active, with another week of price decreases. In Incline Village and Crystal Bay, we observed an uptick of luxury listings hit the market with 13 new listings, 9 pending sales, 13 price adjustments, and 7 successful closings.
Some great single-family properties sold in Incline this week under the $2,500,000 mark.
Real estate statistics for Incline Village & Crystal Bay - 08/22/2024
Closed Escrow |
| ||
Houses | Condos | PUDs | |
For Sale | 82 | 84 | 16 |
Under $1 million | 0 | 50 | 5 |
Median Price for Sale | $3,131,500 | $899,000 | $2,096,500 |
YTD Sales 2024 | 71 | 65 | 14 |
YTD Sales 2023 | 50 | 68 | 18 |
YTD Sales 2022 | 78 | 87 | 16 |
New Listings | 13 | ||
Price Reductions | 13 | ||
In Escrow | 9 | ||
Closed Escrow | 7 | ||
Range in Escrow | $759,000 - $3,699,000 |
Please keep in mind that these numbers are based on data from the Incline Village Board of REALTORS® or its Multiple Listing Service as of 8/22/2024.
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