MCCLOUD CONDOS ARE SELLING - PRICES REMAIN LOW

McCloud unit 96, a one bedroom penthouse unit, is now priced at $279,000.  That asking price should attract buyers.  The complex has a great location, is close to Incline Beach, the recreation center and the tennis complex.  McCloud units are relatively small in square footage but easy to own and they rent well as vacation rentals.

LINK: ACTIVE MCCLOUD LISTINGS as of 4/29/2011

There are currently nine active McCloud condo units on the market.  That number is down quite a bit when compared to last summer's selling season when there were typically about 15 units for sale.  Two units are currently in escrow.

Three bedroom units are now priced in the 500k to 600k range.  Two bedroom units are ranging from about 350k to 450k, depending on size, location and condition.  There is one one-bedroom unit on the market and it is listed at $279,000.

The inventory is being absorbed but prices are still at market lows relative to historical pricing.  Before the economic meltdown, the two bedrooms were running over 500k and the three bedrooms were in the high 700k area.

Thank you for viewing the Lake Tahoe / Incline Village Real Estate Blog.   For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.