Slow, but there is SOME activity! This week there were 10 new listings in the Incline Village MLS, 1 Commercial Property, 4 Condos, 2 PUD’s and 4 Single Family Residences. There were 12 Price Changes (2 increases and 12 decreases), 5 changes in Condos, 3 in PUD’s and 4 in SFR (Yes, the multi-million homes are affected too and several of these price reductions are over $2Mil). New Escrows were slim with only 1 to report in the SFR category. This week, there were a total of 11 Market Rejects (listings that expired or were withdrawn from the market.) There were 1 Investment Property Sold (This ones been in escrow for awhile, is only the third investment this year to actually sell and we think it was a GREAT deal!), 2 Condos, 0 PUD’s and 2 Single Family Residences.
Let’s dig deeper into the properties that actually SOLD. What are they and what kind of deals did the buyers get??? Ouch, some of these sellers took a pretty big hit and the BUYERS SCORED! One Condo in Northwood Estates listed last at $319K sold for $250K, the other listed at $384K sold for $365 . In the Single Family Home category, the Buyers again are the clear winners…one listed at $549K sold for $525K and the other (talk about OUCH) was listed last at $1,795,000, has been on the market for at least two years and closed for $1,440,000. WOW! Can you say opportunity? They are out there, you just need your Realtor to find them for you!