Nevada Real Estate Sales Continue to Soar
March 3, 2018
As predicted, Nevada continues to see big growth in real estate sales.
As predicted, Nevada continues to see big growth in real estate sales.
As predicted, demand for Nevada real estate continues to soar as Californians face new tax increases. Watch this 5 minute video, and listen to Bill Dietz discuss the tax perks of investing in Nevada real estate and
On January 18, 2018, a 6 bedroom & 6.5 bath, 8280 square foot home in Martis Camp sold for $8,800,000, marking the second highest sale on record in the Martis Camp community. The home is located at 8330 Valhalla Drive. See photos of the home in the gallery below.On April 11, 2016, a 5 bedroom & 5.5 bath, 8119 square foot home sold for $8,900,000, the highest in Martis Camp history. The sale of 8209 Valhalla Drive included all furnishings.
So far, all predictions hold true, as the start to 2018 shows increased interest in Nevada real estate. As Californians see increased taxes, residents look to relocate to tax-friendlier states. With no income tax and a plethora of corporate benefits, our neighboring state continues to draw interest from Californians seeking tax shelter.
A $7,500,000 Tahoe City lakefront home closed today representing the high sale of the year and a strong start to January real estate coming off of a huge December. Gated and fenced for privacy, 720 West Lake Boulevard, a 6,400+ square foot estate built in 2007, sits on 2.8 acres and includes a pier, 2 buoys, and 150 feet of lake frontage, plus a guest house, 5+ car garage, pool and cabana.
No Corporate Income Tax No Taxes on Corporate Shares No Franchise Tax No Personal Income Tax Nominal Annual Fees Nevada corporations may purchase, hold,
In 2012, California passed proposition 55, which increased the top tax rate for high-income Californians to 13.3%. In 2013, the single-family home sales in Incline Village and Crystal Bay jumped 36%, from 151 to 205 homes sold. Californians currently face another tax blow from the recently passed federal tax bill.
The North Lake Tahoe 2017 real estate market was marked by strong sales volume and a general rise in median prices. All micro-regions showed growth in sales of single-family homes, with both Truckee and Incline Village reaching their highest sales volume in 12 years.
Real estate sales showed significant growth this December as compared to the previous year. Each micro-region showed at least 50% growth in number of homes sold. Additionally, each micro-region showed an increase of homes currently in contract, representing strong activity in the market and strong interest in Lake Tahoe real estate.
Looking at November 2017 real estate sales compared to November 2016 sales, we see significant growth. Most notably, in each micro-region examined, we see increases in the number of homes currently in contingent or pending status. Notable increases also include a 67% increase in number of single-family homes sold in Truckee as well as a 31% increase in units sold in the Tahoe Sierra MLS which includes single-family Homes in California on Lake Tahoe’s north and west shores and in Truckee, Donner Lake, Northstar, Olympic Valley, and Alpine Meadows.
Peek inside and around the grounds of this exclusive $45,000,000 lakefront estate. Sitting on on 6.2 level acres with 400+ feet of private lake frontage and with a highly-coveted Sunnyside Lane address, the Brushwood Estate is arguably Tahoe’s most desirable listing.
October 2017 saw a substantial increase in real estate sales compared to the same month in 2016. The number of units sold increased in each micro-region examined. Looking at the Tahoe Sierra MLS which we define as single-family homes in California on Lake Tahoe’s North and West shores and in Truckee, Donner Lake, Northstar, Olympic Valley, and Alpine Meadows, sales volume rose 49% with 152 homes sold in October 2017 compared to 102 homes sold in October 2016.