Mid-Year 2019 Market Report: Single Family Homes

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The housing market in Incline Village continued its growth with sales prices up 5% compared to last year at this time, resulting in a median sales price of $1,379,000 for a single-family home. The increasing prices of homes are largely due to the continuing trend of low inventory paired with a substantial winter. Home sales slowed by 13% with a total of 72 sales compared to 83 last year at this time. We are also experiencing a steep decline in the sales volume of homes, which decreased by 30% or $51 million. Further proof that we are still reeling from the long winter is seen with the average time it takes for a home to sell. In 2018 we had a considerably lighter snowfall, and it took a home 173 days to sell while this year it took 247 days to sell, a 43% increase!

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Learn if the Incline Village & Crystal Bay luxury real estate market is starting to slow down or simply normalize. The luxury market is defined as Residential Homes and PUD’s $2,000,000 and above.