Incline Village and Crystal Bay Top The Lake Tahoe Real Estate Market

Incline Village and Crystal Bay Top The Lake Tahoe Real Estate Market

With 2023 in the books, it’s time look at the numbers and try to figure out where the market may be headed. As would be expected by locals, Incline Village and Crystal Bay took top honors for closing the most expensive real estate deals.

At the close of 2023, there were 165 actively listed homes for sale in the Tahoe Sierra MLS, a significant decrease from the 287 homes listed at the end of 2019. The real estate market is apparently  undergoing a correction influenced by the impacts of COVID-19, readjusting from the unique trends and heightened demand seen during the pandemic.

This transition is marked by a dual phenomenon: on one side, potential buyers are cautiously anticipating further price reductions, while on the other side, opportunistic sellers are taking advantage of the current low supply. These dynamics collectively illustrate a market in flux, moving away from the frenetic activity of previous years towards a more balanced yet careful real estate environment.

Looking ahead, all eyes are on interest rates as a key determinant of market performance. With the Federal Reserve indicating the possibility of multiple rate reductions in 2024, there is an expectation that the market will respond positively, leading to a rebound in sales activity. As sales volume increases, it is anticipated that prices will reverse the slight decline observed in 2023.

 

The Five Most Expensive Properties Sold In North Lake Tahoe in 2023

Crystal Bay Luxury home

1. 32 Crystal Dr, Crystal Bay, NV 89402

$26,000,000

Incline Village lakefront home

2. 893 Lakeshore Blvd., Incline Village

$22.873,000

Crystal bay luxury real estate

3. 61 Somers, Crystal Bay

$19,000,000

Tahoe City Luxury Home

4. 3216 Edgewater Drive, Tahoe City

$16,500,000

Incline Village luxury real estate

6. 817 Lakeshore Blvd., Incline Village

$15,000,000

North Lake Tahoe Holiday Events: Winter ’23

North Lake Tahoe Holiday Events: Winter ’23

Incline Village Holiday Poster

Now through December 14th, join in the festivities in Incline Village and Crystal Bay’s NORTHERN LIGHTS.

From the website:

Embrace the enchantment of the winter season in our charming mountain town of Incline Village and Crystal Bay, Nevada! The beloved Northern Lights Festival is back, and it’s lighting up our community with holiday spirit from now until the year’s end. Thanks to our generous lighting sponsors, Incline Village shines brightly with festive lights, casting a warm glow on Tahoe Boulevard and at homes and businesses all around town.

Northern Lights is our community’s winter holiday celebration filled with a calendar full of festive and heartwarming events, perfect for people of all ages, whether you believe in Santa or not!

 

Maestro Movie Poster

Tahoe Film Fest

MAESTRO

Incline Village Cinema
November 30 – 5:30pm

2023 (USA) 129 minutes

Directed by: Bradley Cooper

Bradley Cooper and Carey Mulligan deliver stunning performances as Leonard Bernstein and his wife, actress Felicia Montealegre, in this intimate portrait of a marriage that spanned more than 25 years. Bernstein was an indispensable figure in the history of classical music, as a conductor, composer, pianist, and educator. Certainly, the dominant American conductor of the late 20th century, he accomplished as much as anyone in making “serious” music intelligible to a broad audience.

 

Northstar Winter Ice skating

Northstar Winter Wonders

Dec 15 – Dec 31, 2023

A Magical Winder Wonderland in Northstar Village. Explore timeless moments around the resort and experiences for all friends and family alike! Join us in The Village at Northstar to ring in the holidays ! The Village is a little community that offers ice skating, activities, shopping, and dining.

Event Address: 5001 Northstar Dr, Truckee, CA 96161
Incline Village Holiday Poster

Sip and Snack: Incline Village

Saturday, December 2, 2023 (12:00 PM – 3:00 PM)

Sip and Snack the day away before heading over to Candy Cane Lane and Village to see Santa and Lollie Claus. Participants include Incline Spirits, Austin’s, FUMO, eXP Realty, Inside Incline, and Lakeside Personal Training.

 

Free SkyShow, Tuesday, July 4:  7 to 11 p.m. at the Ridgeline Ballfields next to Incline Middle School.

Free SkyShow, Tuesday, July 4: 7 to 11 p.m. at the Ridgeline Ballfields next to Incline Middle School.

Travel North Tahoe Nevada (TNTNV) will be presenting the second annual SkyShow on July 4. The drone show prioritizes community safety, inclusivity, and the reduction of environmental risks posed by drought and warm temperatures.

As the grand finale of the Local Heroes 4th of July Celebration, the event promises to bring the community together for an unforgettable evening.

The free SkyShow will take place on Tuesday, July 4, from 7 to 11 p.m. at the Ridgeline Ballfields next to Incline Middle School. The laser show, produced by Summit Creative with coordinated sound by DJ Mark Sexton, will commence at approximately 9:30 p.m. with the finale of the evening, the Incline Village Crystal Bay SkyShow, produced by Verge Aero, beginning at approximately 9:55 p.m.

Read more . . .

The Fed Takes Brief Pause, Changes Its 2023 Outlook

The Fed Takes Brief Pause, Changes Its 2023 Outlook

Oringally published by By

The Federal Reserve opted not to implement an 11th straight rate hike at its latest meeting—but there was little relief on Wall Street as the Fed revealed it’s not done with rate increases quite yet. Fed Chairman Jerome Powell said in his remarks after the meeting, “We understand the hardship that high inflation is causing, and we remain strongly committed to bring inflation back down to our 2 percent goal. The process of getting inflation down is going to be a gradual one — it’s going to take some time.”

The Federal Open Market Committee said they wanted to wait another six weeks to allow time to see more results from their quantitative tightening measures before raising rates from their current target range of 5%-5.25%.. Markets are pricing in another rate hike from the Fed at its July 25-26 meetings.

Read more . . .

 

Truckee River Rafting Halts Season, For Now

Truckee River Rafting Halts Season, For Now

On May 28, 2023, the Truckee River Rafting company announced that they are not taking reservations at this time due to high water levels and swift currents. Check current gauge here: https://waterdata.usgs.gov/monitoring-location/10337500/

Via Facebook

Hi Rafters 💛 We would like to share an update on our season – Due to the epic snowfall we received this winter, our rivers and lakes are FULL! However unfortunately for rafting, too much water means little to no chance of opening. At this time we are not accepting reservations for summer 2023 😞 If this changes, we will let you know ASAP. In the meantime, we hope you have a wonderful Tahoe summer and we look forward to seeing you all on the river next year! 🫶 – The Riverman

Rafting the Truckee River to the iconic River Ranch has been a tradition for many since the 1960s. With historic snowpack levels expected to contnue melting well through July, the notice to stop operations is not a big surprise.

This winter saw an incredible 677 inches of snowfall in the Sierra Nevada, the second most in California’s recorded history. And despite repeated warnings from authorities, several swimmers and rafters have drowned in the rushing, cold waters

Truckee River Rafters

 

Incline Village Gets New Grocery Outlet

Incline Village Gets New Grocery Outlet

INCLINE VILLAGE, Nev. — Incline Village residents will be seeing their options for grocery stores expand this year with the opening of a new Grocery Outlet expected to happen by the end of 2023.

“It took about 18 months to negotiate the many details of the agreement,” said owners Shannon and Ryan Parrish.

The duo currently own the Truckee Grocery Outlet, and have decided to expand into the basin by opening a store in Incline Village at the location that was previously home to Village Market on Mays Boulevard.

Read more . . .

Massive Snow Pack Means Fast Moving Water This Spring

Massive Snow Pack Means Fast Moving Water This Spring

Rafting Truckee RiverRecord snowfall around Lake Tahoe this winter brings obvious dangers including avalanches, roof failures, icy road conditions, etc.

But as we approach the summer season, it’s equally important to remember that all the snow will eventually melt and create very dangerous conditions in our waterways.

Agencies are encouraging all Californians to wait until summer to recreate in the water, when conditions are safer.

“After successive low-water drought years, it is imperative that Californians understand water safety in and around rivers, streams, lakes and Sierra reservoirs,” said State Parks Director Armando Quintero. “As the temperature rises, snowmelt-fed waterways can quickly induce incapacitating cold-water shock to even the strongest swimmers. We encourage everyone to follow the advice of public safety officials and avoid entering waterways if asked to do so.”

“California has one of the largest snowpacks on record,” said DWR Director Karla Nemeth. “As this snowpack melts in the coming months, the waterways will be especially cold, fast and running higher than normal. Be aware of fluctuating water levels. We want everyone to always make safety a top priority when recreating.”

READ MORE

 

Ansel Adams Lookout

Ansel Adams Lookout

Photo of Lake Tahoe

ANSEL ADAMS – THUNDERCLOUD, LAKE TAHOE, CA, c 1936

In the year 1938, Lake Tahoe was a very different place than what we see today. The forests were recovering from being clear-cut in the late 1800s; the highway was a narrow, winding road; and few people lived year-round in Incline Village.

The first tunnel had been blasted through Cave Rock, improving access, but still, a trip around Lake Tahoe was not a trivial excursion. This didn’t stop a young photographer named Ansel Adams from making the trip. His friend and mentor, Cedric Wright, had been spending time there, though it is unclear whether they traveled together. Adams described Wright as his best friend. They had much in common, including photography and classical music; right was a violinist, and Adams was a pianist.

Adams made a trip to Lake Tahoe in the spring 1938, making a dramatic image of a thunderhead over the Sierra Crest from the Nevada side. It’s possible to assume that it was made sometime in the spring from the amount of snow on the mountains.

 

I became aware of this image when someone pointed out that one of my photos looked like the Ansel Adams image. I looked up the image for comparison, and it was obvious that they were taken at the same place. Stateline Point lined up with Granite Chief at what is now the Squaw Valley Ski Resort. But there was a problem. I did not remember exactly where I had taken my image!

Thus I began a bit of sleuthing and exploration. Lining up the point with the mountain was only part of the job. Then I had to identify the elevation; was it taken along what is now the highway, or down by the lake, or up on Tunnel Creek road, or farther up the mountain? I looked at the spacing of the Stateline Point on the lake and identified that the great photographer had done what millions of others have done since he just pulled off the side of the road at a pullout that is still along State Route 28 at the south end of Incline Village.

I then tried to frame the image to match his composition. This was easy with a telephoto lens, and it provided a bit more information about the image. The Adams shot was vertical and stretched from just past Mt. Watson in the north to a short distance past Twin Peaks in the south. Matching this as well as possible, I found that my zoom was about 45 mm. This is what photographers call a ‘normal’ lens, in that it yields a normal perspective, neither telephoto nor wide angle. Adams was not shooting with a 35mm camera, but a large-format view camera. If he was using a 4×5 camera, he was probably using a 150mm lens or a 6-inch lens as it would have been measured in 1938. If he was using an 8×10 camera, he would have been using a 300mm/12-inch lens.

I now refer to this pullout as the ‘Ansel Adams Lookout,’ and I took this image in honor of Ansel Adams, born on this day, February 20, 1902.

 

Buy A Property Close To The Water As That Can Do Wonders For Your Health

Literally everyone in the country knows about the Lake Tahoe. It is a freshwater lake in the Sierra Nevada. It is also known as the largest alpine lake in the North America. And you will be surprised to know that its water is as pure as drinking water. In fact, it is one of the purest lakes in the world as it is found to be 99.994% pure; commercially distilled water is 99.998 pure. Apart from its clean water, the Lake Tahoe region is known for its scenic views and amazing commercial and residential properties. Since the region has schools, shopping centers, library, etc., and a lot of recreational activities to engage in, people from all over the country are considering buying a property in Lake Tahoe. Jennifer Subdivision in Incline Village, for instance, is a well-known area on Lake Tahoe. There are about 280 single family homes in this neighborhood in different price ranges. Properties are getting sold quickly, so if you are interested in relocating to Incline Village, you should get in touch with a local real estate today to secure a property for yourself.

Apart from the Jennifer Subdivision, there are 11 other Subdivisions, namely Eastern, Lakefront, Lakeview, Lower Tyner, Mill Creek, Ponderosa, Ski Way, Upper Tyner, Championship Golf Course, Mountain Golf Course, and Jennifer Subdivision. All these are amazing neighborhoods to live in Lake Tahoe. So, if you do not find a property in Jennifer Subdivision, you will surely find one in other Subdivisions.

Although there are many reasons to buy a property and live in the Lake Tahoe region, we will talk about a specific reason in this blog. We will talk about why living near the water is good for our health. We all know that living close to the water offers us beautiful views, fun activities, scenic drives, etc., but it also offers several health benefits. Both your mind and body will stay in a health state if you live near the water and since Lake Tahoe’s water is among the purest of water on Earth, you can imagine the benefits you will get by living close to it. Below are some health benefits that you can expect to enjoy by purchasing a property in Jennifer Subdivision on Lake Tahoe.

You Get To Breathe Fresh, Clean Air

It is a known fact that air exposed to water has a lot of negative ions. When you breathe that kind of air, your body finds it easier to absorb oxygen. You may not know this but breathing in fresh air can increase your alertness and bring your serotonin levels in balance, which helps in improving your mood. You must have noticed that when we are stressed, we need fresh air to calm our ourselves down. So, imagine living in a place where there’s purest of air. Your mind, body, and soul will be in a balanced state if you breathe fresh air.

Your Immune System Becomes Stronger

One of the main reasons why our doctors advise us to reduce our stress levels is, it makes our immune system weak. And as you might be aware, without a strong immune system, we cannot effectively deal with viruses, germs, illnesses, and other health problems. Now, when you live close to a lake as clean and pure as Lake Tahoe, relaxation will come naturally to you as the beauty of Lake Tahoe will bring down your stress levels tremendously. Just pay a visit to the place and you will find that most of the residents of Lake Tahoe are healthy and cheerful.

You Will Sleep Like A Baby

Since you will be stressing a lot less, it is obvious that your mind and body will be in a relaxed state. If you are someone who’s been struggling with sleep, it is important for you to understand that unpleasant thoughts, high levels of stress, and distractions are some of the most common causes of sleep problems. Living in Lake Tahoe region will eliminate all your negative or unpleasant thoughts as the sound of water from the lake will work as a lullaby for you. If people can go to sleep just by listening to relaxation water sounds on their smartphones, imagine living close to the water and what the natural sounds will do for your sleep problems.

In our fast-paced lives, we tend to take the things lightly. We do not think about the air we are breathing in, the number of hours we are sleeping every night, our immune system’s condition, and other similar, important things. Because of our ignorance, we later experience health and mental issues, which can easily be avoided by living in a beautiful, clean, and fresh environment. There aren’t many places in the country that can match Lake Tahoe in terms of natural beauty, cleanliness, fun activities, peace, and whatnot. If interested in buying a Jennifer Subdivision property on Lake Tahoe, we will advise you to work with Alvin Steinberg. Alvin has decades of experience in real estate, especially with properties on Lake Tahoe. With him by your side, you will be able to find a property that is in your budget and fulfills your expectations.

Reasons Why Most First-Time home Buyers Prefer Working with Real Estate Agents

Buying a home for yourself and your family is a beautiful experience. All of us work so hard in our lives to live a comfortable, happy life. A big part of that life is having a home of your own where you can make beautiful memories with your friends and family members. Whether you are looking for a big home, small home, or a modern-looking home, if you are a first-time home buyer, it is essential that you take assistance from experts. Many homebuyers unknowingly make a lot of mistakes, which ruins their experience of buying their dream home. However, when you work with experienced real estate agents, you get to know precisely what type of property you need, what price range would be suitable for you, and how to handle the home buying process properly.

If you are currently looking for a beautiful home, we will advise you to consider the Woods Subdivision properties for sale. These properties are situated on Lake Tahoe in Incline Village and are prefect for those who are looking for moderately priced homes in this scenic place. The best part is, these properties are close to schools, Incline library, Preston Field, Raley’s Shopping Center, and Athletic Club, which means you will be living close to all the action. Apart from the Woods Subdivision, there are 11 other Subdivisions, namely Eastern, Lakefront, Lakeview, Lower Tyner, Mill Creek, Ponderosa, Ski Way, Upper Tyner, Championship Golf Course, Mountain Golf Course, and Jennifer Subdivision. All these are amazing neighborhoods to live in Lake Tahoe. However, you will have to work with a real estate agent to buy the best property. Below are some reasons why you should hire a real estate agent to buy property in Lake Tahoe.

You Will Get Access to Great Properties

When you work with an experienced local real estate agent, you’re working with someone who knows everything about the market inside and out. You may think the only way of knowing what properties are available for sale in the Woods Subdivision is through listings available online. This is obviously not true. There are many sellers who do not want to sell their property by putting out ads online and offline. They prefer selling their property privately for reasons such as financial problems, noisy neighbors, divorce, and other similar reasons. Experienced real estate agents are usually in touch with these types of sellers, which means if you work with them, you get to check out properties that others cannot. You get exclusive access to certain properties.

Negotiation With the Sellers Will Become Easier

As a first-time home buyer, you might not be able to control your excitement when you see a property that exactly meets your expectations. Your immediate reaction is to say yes to the seller and get your hands on the keys as soon as possible. However, this would be a huge mistake as you may risk paying more for a property that requires expensive repairs. And this is where experienced real estate agents come in. Since they are objective in their approach and have no emotional attachment to a property, they inspect a property thoroughly. They will look for issues in the property so that they can get it repaired by the seller. If the seller does not agree to make the repairs, your real estate agent will then try to get the property owner to bring down the price of the property to accommodate for future renovations. All in all, first time buyers, no matter how level-headed they are, get excited when they see a good property. An experienced real estate agent will make sure you look at a property objectively, not subjectively.

You Won’t Have to Worry About Paperwork

One of the most dreaded aspects of home buying process is paperwork. Buying a property involves dealing with a lot of key documents. Some examples of those documents are written offer, deed, transfer tax declaration, bill of sale, seller’s affidavit, repairs, etc. As a first-time home buyer, handling all these documents will not be easy for you. There’s also a risk of making some mistakes while singing and completing these essential documents. But the good news is, if you have got an experienced real estate agent by your side, buying a home in the Woods Subdivision, and handling all the paperwork will become super easy for you.

As you can see, working with a real estate agent to buy your new home is quite beneficial. If interested, you can get in touch with Alvin Steinberg to buy a property in Lake Tahoe. With almost 5 decades of experience in real estate, Alvin can help you find your dream home in beautiful Lake Tahoe. He and his professional team has helped many home buyers purchase properties in Lake Tahoe as well as sell properties at a good price. If interested, call us at 775-832-1888 to know more about our services in detail.