Current Market Trends

Here’s my Current Market Report

First, although all worldwide and national markets do definitely have an influence on Incline Village, every market is truly local! In some cases this literally means that every neighborhood could be a market, independently driven by issues other than those of national or regional influences.

With that clarification ever in mind, Incline village and Crystal Bay are unique in that many of our sales are conducted with cash; a large number of our populace is seasonal, and we are in relatively close proximity to the San Francisco Bay Area, the number one feeder market for our resort mountain lifestyle.

Our local high listing period runs during the late spring, summer and early fall when the weather allows a good view of the homes offered for sale. Winter brings skiing, snow-boarding and the lessening of available listings. Families are often reticent to list their homes during the holidays, and snow can slow down showings and inspections on properties under contract. They still sell, but the process can be attenuated.

That being said, here are the figures for the month between May 10th and June 10th, 2011.

Single Family Homes – sold

Sold – 7 Homes Ave List Price – $1,794,857 Ave Sale Price – $1,490,964 DOM - 357

Planned Unit Development (homeowner’s dues)

Sold – 2 homes Ave List Price – $322,200 Ave Sale Price – $332,500 (correct) DOM - 107

Condominiums

Sold – 13 units Ave List Price – $366,561 Ave Sale Price – $350,730 DOM - 137

With this limited number of properties in the stats, you can easily see a wide range of information. That should tighten up as the season progresses. If question arise, or you’d like to make a comment, please contact me at 775-690-4935 or kurtintahoe@thegrid.net

Thanks again,

Kurt