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Posted by: Bruce & Sandy Soli | February 8, 2011

Incline Village Real Estate Market Update

Slow week in the Incline Village Real Estate Market.  There were absolutely NO SALES.  Not unheard of this time of the year, however the steadiness of the market with several sales a week was looking pretty attractive.  For the week of January 31st-February 6th the following was happening with Real Estate in Incline Village, NV and Crystal Bay, NV…

Incline Village Real Estate New Listings…3 new condos, 1 PUD and 10 Single Family Homes entered the market for sale.  Unless you are priced aggresively and show ready, it is a tough time to be a seller.  For tips on what you can do to market your home for sale, click here.  For the condos…McCloud #85 is a pretty good deal.  The best priced McCloud that sold last year was $350K.  I would mark this condo as a Hot Buy for sure.  696 Village #11 might also be one to watch..for $349K you get over 1600 sqft a creek setting and 1 car garage.  For PUD’s Red Cedar #19 looks intriguing and well priced just under $800K (good strategy).  Of the 10 news homes that hit the market, these few caught our attention…957 Dorcey is a short sale listed at $429K.  This could be a cute little retreat for someone or a good first time home purchase.  It does sit way up on the hill, but it is quiet up there.

Incline Village Real Estate Price Changes…Changing you price just means you missed the mark and are looking for a new strategy to find buyers.  If you are not getting at least one showing a week, it is time to readjust your price for sale.  This week there were 6 condos that changed their prices.  4 condos reduced and funny, but true, 2 condos raised their price.  We have not seen this strategy work so well in our market, but time will tell.  2 PUDs reduced their prices and 7 single family homes are seeking a new strategy with price reductions as well.  1327 Tirol has another price reduction to $269,500.  Thats a pretty good deal in Tyrolian Village, but you’ll still have to get the banks to play ball with you on this short sale.  925 Tyner and 973 Apollo just reduced to $439K, for single family homes the price makes them worth looking at. 

Incline Village Real Estate New Escrows…4 condos went into escrow this week and 3 single family homes.  No surpirse that the good deals are moving fast.  This week a Third Creek unit listed at $500K went into escrow almost immediately, 209 Robin we have been wondering about for weeks…for a condo with a garage at $214K it’s a great deal anyway you look at it and a Royal Pines condo for $270K…that is alot of condo with garage and studio for a very little price tag.  1066 Flume Road was no surprise as this cute little Boise Cascade Ranch house is ready to move into and located in desirable Mill Creek Sub with easy access to beach, Hyatt, restaurants, shopping, etc.  967 Granite…although strange layout and entrance in to the house is also located on the Eastern Slope of Incline in a quiet cul de sac.  Surprised it too that long for someone to realize the potential of that.  Lastly 485 Gonowabie which has been listed for over 999 days finally goes in to escrow.  I believe this tall beauty started above $1.5 Mil, reduced and reduced and reduced and is not the vision of the new buyer.

Incline Village Real Estate Properties Sold…NONE this week!

Incline Village Real Estate Rejected By the Market…4 condos were rejected by the market, 2 PUDs and 1 single family home.  The only real shocker on this rejections this week is 355 Alder Court.  This is a wonderful newer build PUD that was listed as a short sale, had an offer within a week at almost full price, the bank declines to postpone the sale so that things can be worked out with the second lien holder and allow time for the loan and then trys to sell at auction for $312K.  Not sure what the banks are thinking these days, but will able buyer loses out to condo and bank loses out to $340K.  hmmmmmm

To view all properties available on the market or to search by category, type, etc., click here…


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