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Debunking the Health Care Tax on House Sales - 03/31/11 11:17 AM
There is a lot of misinformation swirling around the real estate marketplace concerning the capital gains tax on sales of houses and the funding for the new health care legislation that was passed by Congress in 2010. Rumors have been circulating that there is a 3.8% sales tax on the full sale price of real property. Nothing could be further from the truth and it is obvious that forces opposed to health care reform are continuing to perpetuate these vicious rumors. Here is a brief summary of the actual 3.8% capital gains tax on excess profits that was explained nicely by (0 comments)
Moderate Priced Buyers Return to Incline Village - 03/30/11 07:36 PM
All 4 properties closing escrow in Incline Village in the past week ranged from $680,000 up to $875,000, once again showing that moderate priced shoppers are finding good values. Of particular interest is #17 Village Highlands which sold for $725,000. This place is pretty much in original condition and does need a bit of work. However, if the buyer has some vision for remodeling, they got themselves a good deal and a great location 1 block from the beach. The properties getting accepted offers on the Incline Village MLS include a freestanding condo in Incline Creek Estates and the condo at (0 comments)
Incline Village Real Estate Market Update - March 30, 2011 - 03/30/11 11:45 AM
East slope Lakeview shoppers will want to take a look at 671 Fairview Blvd. Featuring 5720 ft.² of living space, this panoramic Lakeview home offers five bedrooms, 4.5 baths along with a large Lakeview deck on a 1.2 acre lot. The asking price of $3,495,000 definitely catches my eye especially for this location and 1996 construction. If you would rather be living in a lakefront community instead of just having a Lakeview and you don't need 5700 ft.², then maybe #104 Crystal Shores Villas is right for you. The latest $40,000 price reduction brings this beautifully remodeled two bedroom, two bath (0 comments)
Incline Village Lake View Home - 03/26/11 01:26 PM
I have a client with a Lakeview home who is considering the possibility of putting it on the market. His other option is to rent it to a long-term tenant. With another snowstorm descending on the Lake Tahoe basin, most people are not looking at real estate this weekend they are hoping to ski some powder.
So, anyone who is interested in a three bedroom, two bath, 1424 square-foot Lakeview home with a two-car garage, please contact me and we can try to make arrangements to see the property. This is a very rare piece of Incline Village real estate (0 comments)
Why Homeownership is Usually Better Than Renting - 03/24/11 01:37 PM
There seems to be a raging debate in the investment community as to whether or not home ownership is a good thing. Historically, homeownership has provided appreciation, stability and economic benefits as a base industry for our country.
There have been a couple of episodes of recessions and financial panics where real estate has dropped significantly in value and remained that way for several years. However, over the long term prices have trended up at or above the levels of inflation.
Also, homeowners have control over their property and as long as they pay taxes, utilities and their mortgage (2 comments)
Incline Village Real Estate Update - March 23, 2010 - 03/23/11 07:30 PM
We have two very tasty price changes on the Incline Village real estate scene, tempting for shoppers at the lower and higher end of the market. #46 Racquet Club had just a little over $25,000 knocked off the asking price and is now a sliver under $170,000. It looks like the pictures were taken with a telephone, so my question is, can't the listing agent afford a camera? Losing $104,000 of excess weight is the four-bedroom, five bath, 4516 square-foot Lakeview home at 612 Doeskin Ct. Located next to a nice slice of forest service land at the end of cul-de-sac, (0 comments)
The board of governors meeting for the TRPA has been postponed due to inclement weather and the lack of a quorum. This is the fourth time that the meeting to make a final decision on the Boulder Bay Development in Crystal Bay is being deferred.
There has been a great deal of concern by the general public about the size and scope of the project and whether or not this development can succeed because Crystal Bay is not a destination resort area. While something needs to be done with the old Tahoe Biltmore property, especially in regards to (0 comments)
Vacation Rentals Booming at Lake Tahoe - 03/22/11 03:19 PM
The latest round of snowstorms has provided a boost to the Lake Tahoe economy and that includes the vacation rental market. With vacationers braving the past weekend snowstorms and multihour delays on Interstate 80, vacation rental firms have noticed a strong uptick in their occupancy rates even though spring break is over.
This bodes well for anyone who owns a vacation rental property and is also helping buyers to understand the vagaries of the vacation rental market. Unlike most businesses, the seasonal ebb and flow of an Incline Village vacation rental property can be affected dramatically by our local weather. (0 comments)
Incline Village and Crystal Bay Wrestle with New Development - 03/21/11 11:56 PM
Anyone who follows Incline Village and Crystal Bay real estate will be closely watching the TRPA board of governors meeting this week. The redevelopment project known as Boulder Bay is one of the highlights on the agenda.
This project to completely redevelop the Biltmore site and some adjacent property in Crystal Bay has been rather controversial during the three years it has been in front of public eye. Both supporters and detractors are expected to turn out in large numbers at the meeting this week at the Château in Incline Village.
Don Kanare is a Realtor at RE/MAX Premier (0 comments)
Incline Village Real Estate Weekly Update - March 20, 2011 - 03/20/11 03:09 PM
The Incline Village real estate market is showing great signs of stabilizing especially among single-family homes. At this time two years ago there were 228 houses for sale and last year 160 homes for sale on the first day of spring. At the present time, the inventory of single-family homes in Incline Village stands at 120.
So, while the median price has declined from a high of $1.2 million down to approximately $900,000, the significant reduction in inventory is an indicator that prices have found a new equilibrium.
The inventory of condos has declined from 149 in 2009 down (0 comments)
Incline Village Real Estate Update - March 18, 2011 - 03/19/11 04:37 PM
With ski conditions going from excellent to phenomenal, this Incline Village real estate agent is enjoying some fantastic powder at Mount Rose. And it looks like there is more on the way. Forgive me if it takes me a little while to return phone calls next week, I'm hoping to spend more time enjoying the steep and deep.
In between turns, the Incline Village MLS brings us six new listings, five price changes, three condos going into escrow and four properties closing escrow. I'm not surprised to see #250 McCloud get an accepted offer because I wrote about it as (0 comments)
Vacation Rentals at Lake Tahoe - 03/17/11 12:16 AM
The steady snowfalls in the Lake Tahoe basin have made the real estate market come alive during a normally slow winter season. This has also been great news for the vacation rental firms, because skiers are filling up condos and houses pretty much every weekend.
Normally, Incline Village property owners can count on three really good weeks of vacation rentals during the wintertime. The two weeks around Christmas and New Year's along with the week around Presidents' Day. But with consistent snowfalls throughout the 2010 – 2011 winter season, the ski resorts have been filling up and this means more (3 comments)
What Makes Incline Village Special - 03/15/11 12:38 PM
The Incline Village real estate market is unlike any other in America. This little oasis is surrounded by beautiful Lake Tahoe and mountainous US Forest Service land making it unique due to its geography, topography, and localized weather. Combine those factors with the wide variety of custom homes and condo complexes and you get a real estate mosaic unlike any other in a community of this size.
My weekly column at www.Tahoe Bonanza.com in the opinion section will provide you with insight on the Incline Village and Crystal Bay real estate market. I will also comment on general topics related (2 comments)
Moderate Priced Properties Doing Better at Lake Tahoe - 03/14/11 12:59 AM
It's much too early in the year to make any type of prognostication on the direction of the median price for single-family homes. The one healthy sign is that of the 15 properties that have closed escrow and the nine houses in escrow, more than half have been over $1.1 million. Last year at this time, the majority of houses in escrow were priced well under $700,000 as buyers were more focused on getting a cheap price than a particular location or floor plan.
There are still plenty of bargain hunters beating the bushes looking for great deals. However, buyers (0 comments)
1st Quarter Looks Good for Incline Village Real Estate Sales - 03/14/11 12:58 AM
With skiers enjoying the bounty of fresh snow on a regular basis this winter at Lake Tahoe, non-skiers have plenty of time for shopping and that includes real estate. While most buyers take a break from looking at property during the wintertime, those who monitor the market all year round can find good values. The numbers of closed escrows for houses and condos compares very favorably in both units and prices in 2011 when compared with 2010, and significantly up from the doldrums of 2009. While sales of freestanding condos have dropped off in the first quarter (for no explicable reason), (0 comments)
Incline Village Real Estate Blog - March 13, 2011 - 03/13/11 03:48 PM
The Incline Village real estate market has a little bit to offer for everyone on the MLS update for the past three days. Moderate price properties take center stage as three of the four new listings are worth a look for anyone shopping between $500,000 and $1 million at low elevation.
Priced at only $510,000 is the rare two-story, two bedroom, two bath McCloud condo at #36. Anyone interested in this property would also do well to take a look at my listing at #48 which has the same floor plan and has been beautifully remodeled throughout.
Moving up (0 comments)
Matching Up Buyers and Sellers - 03/12/11 12:31 PM
When you talk to real estate agents around Lake Tahoe many of them identify themselves either as a buyer's agent or a listing agent. I think it is important to treat both parts of the market equally. Some agents focus solely on getting listings thinking that every listing is money in the bank.
However, just having a listing is no guarantee that you are going to sell the property. It takes a lot of marketing work to find a willing buyer in today's market. This is not 2005, the real estate boom is over. Currently, there are over 350 properties (0 comments)
What Lake Tahoe Homeowner's Need to Consider When Buying Insurance - 03/12/11 12:27 PM
Whenever I guide someone through the process of selling or buying a property in Incline Village I always take a close look at the issue of homeowner's insurance. What can seem like a routine or mundane matter in most of America is of great importance and fraught with many issues that are unique to the Lake Tahoe Basin.
A great example of this which pertains directly to Incline Village, is the insurability of properties with shake roofs. Originally, it was part of the local regulations that all residential properties had to have shake roofs so as to blend in with (0 comments)
Incline Village Real Estate Update March 9, 2011 - 03/10/11 02:19 PM
There has been a fair amount of activity on the Incline Village real estate market during my absence, but nothing really earth shattering so I picked a great time to go on vacation out of the country. I would like to thank my broker at RE/MAX Premier Properties for being a stellar backup during my Caribbean cruise.
The Incline Village MLS brings us 12 new listings, 20 price changes, seven properties going into escrow and four properties closing escrow during the past two weeks. Quality properties at low elevation led the way with two homes in the Lakeview subdivision, #17 (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.