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Posted by: Bruce & Sandy Soli | November 30, 2009

Inside the Incline MLS Week of 11/23-11/29 2009

With the ending of the Thanksgiving Weekend ends another SLOW week in Real Estate.

New Listings with a total of 6…4 condos and 2 single family homes were the only new things to hit the market.

Price Changes were slow too with only 10 trying to make a change in time for Turkey Day.  There were 4 condos that reduced their prices, 1 PUD (Planned Unit Development),  4 Single Family Homes and get this, one single family home actually RAISED the price $400K…WHAT a DEAL!  Either that or too much turkey.

New Escrows this week.  Ouch…only 2 and both were condos.

Sales too were slow with only 1 condo and 1 PUD.  The PUD that sold was an Incline Creek Estates unit on the creek that did not sell at auction, went back to the bank and listed for $970K (On the hot buy list for sure) and sold for $915K immediately.

Market Rejects keep a coming with 2 condos and 4 single family homes that just did not cut the mustard.  One was the single family home that increased their price by $400K.  What is that all about?

Hot Buy List available here.  More next week with End of the Month numbers too!

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