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High-end Incline Village Market Bucks the Trend

By
Real Estate Agent with Intero Real Estate Services
Incline Village homes
A recent article was submitted to the local Tahoe Bonanza newspaper on the resilience of the local real estate market. I believe that a strong stock market coupled with a healthy technology sector adds tremendous demand for a rare "lifestyle" type property such as Incline Village at Lake Tahoe. As more and more baby boomers are reaching retirement with some of the biggest inheritances in history in addition to stock options, bonuses etc., the demand for luxury resort living homes increases with a very restricted supply. The price of single family homes in Incline Village is actually going up this year and remains on that same trajectory due to all the supply demand factors. We have witnessed the high end of the market jump as much as 20% this last quarter with an equally disproportionate amount of those sales being all cash transactions. We also see many people inquiring as to when we think the bottom is in our local housing market. With less competition from other buyers and a media that constantly forecasts doom and gloom makes for a "perfect storm" paralyzing many potential buyers. Usually by the time the markets begin to turn up, the bottom has come and gone before anyone can pinpoint it. We believe the time to buy is now while all of these factors are still relevant. Incline Village is truly one of these rare markets that never seems to fall out of favor and with the quality of life and tax advantages put this North shore village into a class of it's own.