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Posted by: Bruce & Sandy Soli | February 2, 2010

January 2010 Market Data for Incline Village Real Estate

Moving on to February and quickly.  Before we do, here is the wrap on Incline Village Real Estate and what happened here during the month of January!  If you have been following our posts you know the market keeps plugging along and January was no different.  It seems as if we have made the turn in the market with inventory slowing down and sales steady.

Let’s start with the current inventory:  125 Condos on the market, 39 PUDs or Planned Unit Developments, 152 Single Family Homes and 4 Investment Properties.

January Escrows:  15 Condos were in escrow, 10 PUDs and 21 SFH…no Investment Properties have been in escrow for more than a year now!  WOW!

January Sales:  7 Condos sold, 4 PUDs and 7 SFH.  Again, no sales in the Investment category.

Breaking it down further:

Condos:  50 condos currently active under $400K, 45 between $400-$600K, 17 active between $600K and $1Mil and 14 actives over $1Mil.

PUDs:  5 PUDs active under $500K, 22 between $500K and $1Mil and 12 over $1Mil.

SFH:  8 homes active under $500K, 37 between $500K-$1Mil, 27 between $1Mil and $1.5Mil, 22 between $1.5-$2Mil, 42 homes between $2-5Mil and 16 over $5Mil.  The luxury end of the market is drowning in inventory right now.

Click here for all the statistical data for the month and to view absorption rates for each price band too.

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