February 21, 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 Feb. 13th- Feb. 21st
As 2010 moves on, real estate business is steadily increasing. See the links below for MLS information on the Incline Village and Crystal Bay, NV area in the past week. There are a significant number of new listings and some price reductions worth noting.
New Listings
585 Lakeshore is one of Lakeshore Realty’s spectacular lakefront listings
Price Changes
1069 Mill Creek was reduced to $699,000, a great value for this property!
- Condos
- PUDs – No price changes
Under Contract
Sold in 2010
Snap shot of current market- Incline Village & Crystal Bay, Nevada, Lake Tahoe
|
Homes
|
Condo’s
|
PUD’s (townhomes) |
| Listings |
162
|
141
|
38
|
| Highest price |
$34,000,000
|
$2,100,000
|
$1,995,000
|
| Median price |
$1,395,000
|
$449,000
|
$964,000
|
| Lowest price |
$239,950
|
$169,950
|
$335,000
|
|
Homes
|
Condo’s
|
PUD’s (townhomes) |
| Sold |
14
|
9
|
6
|
| Highest price |
$3,750,000
|
$1,850,000
|
$960,000
|
| Median price |
$1,162,500
|
$319,900
|
$497,500
|
| Lowest price |
$410,000
|
$215,250
|
$290,000
|
February 21, 2010
Incline Village Information, Incline Village Real Estate, Market Information
No Comments
What to Expect in 2010 – Prices and Sales
As we approach the end of the first quarter of 2010 it looks like market trends for this year are heading in a positive direction for both buyers and sellers. Noting quarterly sales numbers from years past indicates that while prices continue to drop, the number of sales are increasing. The chart below shows the median sales price for residential homes over the last four years. From 2006-2007 prices increased 5% and from 2007 on they have significantly gone down, dropping 6% in 2008 and 10.5% in 2009. The graph illustrates that in 2007 prices peaked and have since been decreasing.
What is interesting, however, is that sales activity is on the upward trend. The two charts below track the quarterly sales for condos and single family homes. The red line shows sales for 2009 and it’s clear that in both condo sales and residential sales, activity is increasing.
This chart shows the fourth quarter sales for 2008 and 2009. Though PUD sales are even, both residential and condo sales have increased dramatically.
Looking at first quarter sales from 2009 shows that residential sales were at 15 and condo sales at 11. So far in 2010 we are at 14 residential sales and 9 condo sales….considering we are only half way through the first quarter of this year, numbers are looking great!! If this steady flow of business continues, 2010 should follow on the trend of high sales activity and low prices.
