I would say that the market in McCloud units is now relatively active and healthy. Prices are firming up. The inventory presents some choice and sales are closing on a regular basis even though we are in the winter doldrums (however, it's an awesome ski season!).
The activity bodes well for the Incline Village real estate market looking forward. Prices on the most typical two bedroom McCloud units have steadied at around $400k, some a little higher, some a little lower. Once the two beds are priced under the $400k level they seem to get a lot of attention. If the unit is well located, meaning the living area looks out to some open space, and there is good sunlight, the unit is shown often. Simple interior upgrades go a long way in terms of obtaining a higher price and less market time.
In whole, the Mccloud condominium complex contains 256 units within eight clusters. The developer designed the complex well by virtue of using the clustering layout. There are primarily two bedroom units. Each cluster contains four one bedrooms. Three bedrooms are somewhat prized and there are just a few in each cluster. There is a spa and sauna in each cluster. All units have a one car garage.
Nearly everyone appreciates the nice landscaping in the complex and the location is terrific because of the proximity to Incline Beach, the Rec Center, Tennis Complex, Village Green and the Hyatt Regency Lake Tahoe. Starbucks is just up the street and your kayak, in an IVGID rack at the boat ramp, just a walkable block away.
Following are links to recent MLS activity as of 3-25-11.
McCloud Condo Complex Active Listings (17 Units as of 3-25-11)
McCloud Condo Complex MLS Escrowed Listings (4 Units as of 3-25-11)
McCloud Condo Complex MLS Most Recent Sales (3 Last as of 3-25-11)
