With several inches of snow blanketing the roads, winter has officially arrived in Tahoe. It’s a nostalgic reminder of past seasons—those where feet of snow covered the ground by Thanksgiving and others where we dodged rocks on man-made snow runs, hoping for a storm. This year, I’m especially grateful we’ve emerged from another fire season “unscathed.” Winter comes fast here, and the fresh snowfall this week proves we’re just getting started. Better tune your skis!
This week, luxury real estate dominated the conversation, setting the tone for activity across the board. We saw 4 new listings, 8 properties going into contract, 4 price adjustments, and 6 successful closings.
There’s no shortage of buyer interest, but there is definitely a scarcity of inventory. Many buyers are actively searching for their ideal property, especially with the goal of closing before the year’s end. Most of the buyer activity right now is in the $3 million and under range, with buyers showing strong intentions to seal the deal.
Unfortunately, many sellers are choosing to take their properties off the market for the holiday season, and I can’t emphasize enough what a missed opportunity this is. The buyers who are currently in the market are highly motivated, and with less competition, sellers have the chance to truly stand out. Waiting until spring, when a wave of listings typically flood the market, could mean more competition and a longer time on the market. Remember—basic supply and demand works in your favor right now.
The properties going into escrow this week spanned a price range of $775,000 to $6,300,000, highlighting the diversity of Tahoe’s real estate market even as we head into the quieter winter months.
Spotlight Listings
● 1109 Lakeshore Blvd.Incline Village, NV If you’re searching for a private, lakeside project to make your dream home a reality, this is it. Located on the coveted Lakeshore Blvd., this lot offers a stunning and secluded setting for a future masterpiece. The property, priced at just over $4M, comes with a solid foundation already in place and an impressive team ready to bring your vision to life. Tanner Construction has value-engineered the project alongside Studio Works Architect to design a 5,171-square-foot home that is both simple and flexible. Initially listed for $6,500,000, this is a fantastic opportunity to step into a project that’s ready for your finishing touches.
● 739 Burgundy Rd. Incline Village, NV Dreaming of panoramic lake views? This property could be the one. Situated on just over an acre, this project was started by Fortress Construction and is awaiting a new owner to bring it to completion. Scheduled to be finished in Fall 2025, this future stunner will boast 5,900 square feet of living space, including 5 en-suite bedrooms, an en-suite office, 5 bathrooms, 2 half baths, 2 laundry rooms, and multiple balconies—all accessible via an elevator. Luxury touches like hydronic floor heating and air conditioning elevate the home’s appeal. This is an unparalleled opportunity to own a custom-built masterpiece with unmatched lake views.
● 1013 Lakeshore Blvd.Incline Village, NV Tahoe’s luxury market is still roaring, as evidenced by this extraordinary new listing. Priced at $49,000,000, this premier 1.92-acre lakefront estate boasts landscaped grounds, 106 feet of sandy beach, a 150-foot steel pier with a hoist, and two buoys. Located on Incline Village’s prestigious Gold Coast, this is a once-in-a-lifetime opportunity for those seeking ultimate lakefront living.
Final Thoughts
As the snow continues to fall and ski season kicks off, now is the time to embrace the beauty of winter in Tahoe. Whether you’re hitting the slopes or cozying up at home, remember to exercise caution on those early-season runs—rocks and thin coverage can make for tricky terrain.
And if you’ve been thinking about buying or selling, don’t let the holiday season hold you back. The motivated buyers and limited inventory make this a unique moment in the market, one worth taking advantage of before the new year.
Enjoy the early snow, stay safe on the slopes, and soak in all the magic of winter at Tahoe!
Real Estate Statistics for Incline Village & Crystal Bay - 11/12/2024
Houses | Condos | PUDs | |
For Sale | 64 | 51 | 12 |
Under $1 million | 0 | 28 | 2 |
Median Price for Sale | $4,499,500 | $985,000 | $3,135,500 |
YTD Sales 2024 | 108 | 101 | 23 |
YTD Sales 2023 | 91 | 95 | 28 |
YTD Sales 2022 | 111 | 119 | 23 |
New Listings | 6 | ||
Price Reductions | 3 | ||
In Escrow | 8 | ||
Closed Escrow | 5 | ||
Range in Escrow | $775,000 - $6,300,000 |
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 11/12/2024
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