- Hi everybody, I'm Phillip Goodman.
- I'm Sabrina Carstensen.
- And we are from the Nevada Real Estate Group
at Keller Williams Group One, Inc. in Reno, Nevada.
Today Sabrina and I are going up
to Lake Tahoe Incline Village
to review the May 2019 real estate market activity.
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- A lot of new content will be coming out this summer.
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- All right Sabrina, are you ready to go inside
the Incline Village Board of Realtors,
and take a look at the stats,
and tour our featured property on the lake?
- I am, let's go.
(dramatic music)
- [Phillip] We are inside
the Incline Village Board of Realtors,
looking at the matrix stats for Incline Village, May 2019.
Sabrina, tell us what happened.
- [Sabrina] 37 units sold in May 2019,
a 50% jump from April and 20% boost from last year.
The median price also rose about 6%
from the previous month.
We're not worried about the massive difference
between 2018 and 2019's median price,
since just a couple home sales for $3 million
can lift the median like that.
Average days on market is right around
where it was last year, and still less than last month.
Hopefully this year's trend will continue like last year,
as spring and summer visitors
love the lake enough to buy a house on the spot.
Impulse buys do happen up here.
Hopefully this year's trend
will continue like last year, as spring and summer visitors
love the lake enough to buy a house on the spot.
Impulse buys do happen up here.
Sale list price ratio, or percent of asked received
for you market inside fans, was 98.9%.
Just as healthy as last month,
and a full percent better than last year.
May 2015 is the farthest we could look back on this stat,
and this year's 98.9% is the highest
this figure has ever been.
Available inventory of 228 active listings
is trending upward for 2019.
Although certainly not at the levels we've seen
in the past three years.
- [Phillip] Why is that, Sabrina?
- [Sabrina] Could be lots of reasons.
Generations of families don't want to part with the home
they've had for a long time,
more people are retiring to Nevada and the lake
to be free of state income taxes,
and there are no new developments
like what you see in Reno and Sparks.
For the most part, what's already built
is all that's available.
- [Phillip] And to see more "Market Reports",
click the link you see in the upper right corner now.
We are on our website, reno-tahoe-homes.com
for this month's featured property, 645 Woodridge Circle
in Incline Village.
Tell us about this massive property, Sabrina.
- [Sabrina] This gorgeous home has five bedrooms,
four bathrooms, and is 2,704 square feet.
And $1.25 million.
It was built in 1996 and is on just under half an acre,
which is extremely unique for Incline Village.
- [Phillip] 1.25 million, five and four?
That's a bargain.
- [Sabrina] Absolutely.
I love this picture from the outside.
It really demonstrates how big and beautiful this home is,
and what you can't see here is that on every deck,
you have a view of the forest and lake.
- [Phillip] Sabrina, I can see what you mean
about that lake view, just a little bit difficult
since this home was listed in the thick of winter.
- [Sabrina] Well it's summer now, the snow is gone,
so you can see the lake much clearer now.
This is the great room on the upper floor.
Features a kitchen and a wood burning fireplace.
This open space is mirrored from the upper floor.
No kitchen, but there is the wood burning fireplace,
and the lake views.
- And to see listings by the Nevada Real Estate Group,
click the link you see in the upper right corner now.
Well in the short time it took for us to produce this video,
that property on Woodridge
has a $50,000 price reduction, Sabrina.
- I'm an expert in negotiation,
so if you're looking for a great price
on a Lake Tahoe property, call me, let's do this.
- And you can call Sabrina,
her information is in the YouTube description below.
Well we hope you found this information helpful,
and if you did, please give it a share and a like
on your social media too.
For the Nevada Real Estate Group
at Keller Williams Group One, Inc., in Reno, Nevada,
I'm Phillip Goodman.
- I'm Sabrina Carstensen.
- We'll see ya next month.
- Bye.
(gentle music)