Selling Reno And Sparks Real Estate Blog

head_left_image

Lake Tahoe Living ~ Most Expensive American Zip Codes ~ Incline Village 89451

Incline Village, Nevada one of Americas most expensive places to live? Not Really!

Lake Tahoe

Lake Tahoe is truly one of the most beautiful places in America to visit. But is it one of the most expensive places to live?

According to Forbes.com, Incline Village at North Lake Tahoe in Nevada, is one of the most expensive ZIP codes in America. Forbes's 2010 annual list of America's Most Expensive Zip Codes places Incline Village at #389.

If you have ever taken a drive on Lakeshore Boulevard in Incline Village and noticed some of the beautiful lake front homes, this latest list probably does not surprise you. But what may surprise you the Incline Village medium home price is just $728,260.

Most of the neighborhoods mentioned in Forbes's ZIP code list, $4 million is the norm.  So with Incline Village home  pTahoe Homesrices in the lower $700,000's , how did this Northern Lake Tahoe town make the Forbes most expensive Zip code list?

After researching how Forbes's chose or calculated the most expensive American neighborhoods, it is unclear how Incline made the list with the median home price of $728,260.  So I thought I would   provide you with some real estate market statistics on Incline Village to see why.

Currently, ( this could be why I.V. is on the Forbes list) the highest priced single family home listed for sale at Incline Village, Nevada is $34,000,000. This home has been on the market for just over 450 days and is selling for around $4,888 per sq ft.

The lowest priced home in this same area is listed for $290,000. It has been listed for 173 days and is selling for approximately $242 per sq. ft.

There are 88 active single family listings with a median list price of $907,500 and staying active for 140 days. Over the last six months, the median list price of a Incline Village home was $609,000 and the median sold price was $583,500 with only 168 days on the market. There were 22 single family homes sold in the last 6 months in this area.

Of the 22 single family homes sold, only two were priced over $1,000,000. Both of these properties took over 600 days to sell. Of the 88 homes currently listed at Incline Village, 38 are priced at $1,000,000 or higher. These homes are taking two years or longer to sell will the homes listed under $1,000,000 are selling just under one year.

 From these statistics, we see at least 37% of the Incline Village, Nevadasingle family homes listed for sale, are in the million dollar price range. As I mentioned earlier, I could not find the criteria for Forbes's to use in this latest list, with Incline Village having such a high number of million dollar homes listed for sale, this might be a reason why.

If you are interested in receiving more information on the real estate market at Incline Village, Nevada, or any Northern Nevada area, please feel free to contact me on my cel phone at 775-846-5424 or email me at Terrie@terrieleighton.com. You can also search the MLS for all homes listed for sale in the Incline Village area, as well at both Reno and Sparks, Nevada. Vistit www.TerrieLeighton.com to start your search now.

 

Your Home. My Priority. Since 2003

Certified Distressed Property Expert (CDPE)
Certified Default Resolution Specialist (CDRS)
Short Sales & Foreclosure Resource ~ Certified (SFR)
NAR's Green Designation ~ Certified Green
Certifed Negotiation Expert (CNE)
Property Manager

Ferrari-Lund Real Estate

 Cell ~ 775.846.5424

Email ~ Terrie@terrieleighton.com

 

Facebook   LinkedInTwitter

Comment balloon 5 commentsTerrie Leighton • November 02 2010 08:24PM

Comments

Hello Terrie and Vegas Bob loves this area and Lake Tahoe is one of my favorite places to play ...

VB ;~)

Posted by Robert Vegas Bob Swetz, Las Vegas Henderson Homes for Sale (Realty ONE Group) almost 8 years ago

Terrie: Beautiful home and great tutorial about living in Incline Village....Looks like a beautiful place and I bet it attracts the cold weather sports lovers!

Posted by Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula (Realty Works Temecula) almost 8 years ago

Nice spotlight on Incline Village Terrie. I've been there and it is absolutely gorgeous...at any price!

Posted by Craig Rutman, Raleigh, Cary, Apex area Realtor (Helping people in transition) almost 8 years ago

Great info, Terrie.  It would be great to have a home in Incline Village, it's such a beautiful place! I'd love to look inside that $34million house.

Chris

Posted by Chris Fisher (Your Virtual Assistant) almost 8 years ago

Interesting the way you choose your post words..  Many things are said about many places and people.  Not everything you read is true, including your post.  When speaking in generalities as you and others do, it's the dream that is created or destroyed.  I went to look for Reno/Sparks on that list.  Could not find them.

Some of the nicest, most generous people you will ever meet, call Lake Tahoe and Incline Village home.  Some are among the wealthiest in the world too.  You know what though?  They stand in line at the grocery store just like you do.  I know because I have also been in that grocery line.......among other places where they do business and live....to enjoy the beauty of a place known the world over....Lake Tahoe. 

Posted by Ken Cash, Lake Tahoe Lake Front Homes, Luxury Homes, Condomi (CB Select Real Estate at Lake Tahoe - 775.691.3855 - ) over 7 years ago

This blog does not allow anonymous comments