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Incline Village, NV Real Estate Update – Feb. 14, 2010

MLS Information for the Week of Feb. 5th – Feb. 12th

As Feb. moves forward, sales are headed in a positive direction and offering buyers who are looking for an excellent entry level price range good values.

  • New Listings
  • Price Changes
  • Under Contract
    • Single Family Homes
      • Under Contract total single family homes is 18, the popular price range for home sales in 2010 falls below $1,000,000
        • 12 units under $1,000,000
        • 3 units $1,000,000-$2,000,000
        • 2 units $2,000,000- $3,000,00
        • 1 unit   $4,000,000-$5,000,000
    • Condos
      • There are 11 units of the 15 under contract priced below $300,000.
    • PUDs
  • Sold in 2010
    • Single Family Homes
      • A shout out goes to one of our agents- Nevada Methard  who closed 936 Lakeshore Blvd this week at $2,750,000 representing both buyer and seller.

    • Condos
      • Out of the 9 sales 7 closed under $400,000.
    • PUDs

Snap shot of current market- Incline Village & Crystal Bay, Nevada, Lake Tahoe

Homes Condo’s PUD’s (townhomes)
Listings 160 135 38
Highest price $34,000,000 $2,100,000 $1,995,000
Median price $1,500,000 $440,000 $964,000
Lowest price $385,000 $169,950 $335,000
Homes Condo’s PUD’s (townhomes)
Sold 13 9 5
Highest price $3,750,000 $1,850,000 $960,000
Median price $1,250,000 $319,900 $400,000
Lowest price $410,000 $215,250 $290,000

Residential Sales

Price breakdown for Single Family Homes:

$300-$600,000= 14 $1,800,000-2,000,000=9

$600,000-$800,000=13 $2,000,000-$2,500,000=11

$800,000-$1,000,000=20 $2,500,000-$3,000,000=13

$1,000,000-1,400,000=27 $3,000,000-$5,000,000= 20

$1,400,000-1,800,000=13 $5,000,000-34,000,000=16

Condominium Sales 

The largest number of listings (53) are priced below $400,000, followed by second largest group of 30 units priced between $400,000 to $600,000.

The complex with the largest number of listings is McCloud with 16 units ranging in price from $375,000 (Low) to $520,000(Median).  Bitterbrush follows McCloud with 10 units listed priced -$369,000 (Low) $475,000 (Median).

The lowest priced unit, listed for $169,950, is at Toepa. A median list of $449,000 is found at Fairway Pines while the highest price unit at $2,100,000 is located at Stillwater Cove.

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