Incline Village real estate

Looking for the right buy at Lake Tahoe? This is the time to buy! Don’t limit yourself to short sales or foreclosures, there are plenty of motivated seller’s and you won’t have to wait 4 months to close the deal.

After reviewing residential sales, year to date and found the highest number of sales fall between $500-$750,000 with 7 closings. This is followed with 5 closings under the $500,000 price range.

Here is a breakdown of listings and solds year to date:

Active     Solds                       Price ranges

5            5                               0-$500,000

30          7                               $500,001-$750,000

35          3                              $750,001-$1million

26         3                                $1 Million-1.2 million

23         1                                $1.2M-$1.5Million

38         3                                $1.5 Million-$2 million

18          3                               $2 million-$2.5 million

16          2                                $2,5 million-$3million

12          1                                $ 3 million-$3.5 million

16          3                                $3.5 million-$4 million

8            1                                $4 million-$5 million

8            0                                $5 million-$6 million

17          1                                $ 6 million+

Bank owned or short sales totaled 13 of the 33 sales.

What number are cash buyers versus buyer’s securing financing- 17 out of 33 sales involved loans.

Cash buyers make up about 60% of buyer’s especially over the $1 million price.

There are 11 residents under contract of sale with 6 under $750,000 the highest under contract is listed at $1,650,000.