Incline village real estate update 9/26/09

As the fall season unfolds , sales are showing more promise to a solid third quarter!
Inverntory of homes for sale = 235

Price range Homes
$100-$600,000 25
$600,000-$800,000 19
$800,000-$1,000,000 25
$1,000,000-$1,200,000 20
$1,200,000-$1,400,000 19
$1,400,000-$1,800,000 28
$1,800,000-$2,000,000 15
$2,000,000-$2,500,000 16
$2,500,000-$3,000,000 16
$3,000,000-$4,000,000 22
$4,000,000-$5,000,000 9
$5,000,000-$8,000,000 10
$8,000,000+ 11

The MillCreek and Ponderosa subdivisons both have the highest number of homes for sale with 24 listings each. The median prices for each area :Millcreek=$1,622,450 Ponderosa=$1,770,000
The Median price for homes encompassing all 15 subdivisions is $1,550,000 , list price.

The average selling time for homes 209 days from list date to closing.

Closed sales = 64 homes
Lowest price=$370,0000
Median price=$1,017,500
Highest price=$7,350,000

This quarter is coming on strong with 23 Sales pending (under contract of sale).
We won’t know what the median selling price is until the contracts close. The lowest price = $419,00
Median price= $899,000
Highest =$10,750,000
Out of 23 homes 13 are priced under $1,000,000.

Sales are up from last year and this third quarter is ahead of last year ( 2009=28 sales 2008=25)