In April in Incline village, NV there were 193 Active Single Family Residences (SFR’s) on the market compared to 169 in 2007. There were 15 escrows and 8 properties sold compared to 18 escrows and 9 properties closed in 2007.
Planned Unit Developemts (PUD’s or Free Standing Condos) there were 45 active (down from 50 in 2007) and 2 escrows opened and 5 closed transactions. In 2007 there were 7 new escrows in the same time period but only 2 closings.
In condos there were 148 active listings in the MLS, 7 escrows and 7 closings compared to 138 in 2007 with 16 escrows and 11 closings.
So…we are close and better off than what was reported in March and hopefully May brings us even more. Is buyer confidence up? Does the additional cut in interest rates help? Let’s watch and see.
For a full report go to our Market Data Retrieval Re….