Incline Village, Lake Tahoe, Real Estate Market Update Feb. 12th, 2010

February 13, 2010 Incline Village Information, Incline Village MLS Search, Incline Village Real Estate, Lake Tahoe Information, Listings, Market Information, New Listings, New listings updated weekly No Comments
 
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

Facts and Figures for Listings Under Contract or Sold Thus Far in 2010

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

Active Single Family Residential Listings:

Number Low Median High
156 $385,000 $1,597,000 $34,000,000

Price breakdown:

$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

Active Listings:

Number Low Median High
131 $169,950 $449,000 $2,100,000

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.