Happy Valentine’s Day and welcome to mid February! The real estate market keeps plugging away and activity last week was pretty good. For the week of February 7-13th the following properties had some activity in the Incline Village Real Estate Market…
Incline Village Real Estate New Listings…2 condos and 1 single family home hit the market. The hottest deal of course being 870 Southwood #6 which we are extremely familiar with since we had it listed prior to going back to the bank. Long story with that property, but the value is there at $139K. The new single family home at 990 Trap Court is actually just back on the market and it has been on the market for a long, long time. The setting is GREAT over the golf course, but the home is a Tudor style home, very compartmentalized and needs updating.
Incline Village Real Estate Price Changes…7 condos, 2 PUDs (Planned Unit Developments or Freestanding Condos) and 9 single family homes reduced their prices to entice buyers for sale. My mother always said if you do not have anything nice to say…don’t say it, so let’s talk about the really GREAT price reductions and ones you should pay attention to…For the condos…141 Village is now at $725K. 101 Red Cedar just reduced to $795K, not bad for a freestanding condo with views, 1311 Moritz is a short sale property now listed at $279K, this is a great value for the price and amenities. Awesome views of Diamond Peak Ski Area and a sense of privacy. For single family homes…227 Pelton is getting closer to Fair Market Value.
Incline Village Real Estate New Escrows…2 condos and 5 single family homes went into contract this week. That is pretty good activity for mid February timing. A Bitterbrush condo for $399K, no surprise there and a buffed out Royal Pines condo for $329K.
Incline Village Real Estate Properties Sold…2 condos, 1 PUD and 1 single family home closed escrow this week and are listed as SOLD in the Incline Village MLS. Both great deals in today’s market. 989 Tahoe Blvd closed as an REO at $205K, what an awesome deal and 928 Wendy Lane closed for $275K. 972 Fairway View Court closed at $645K as a bank owned REO and 811 Snead closed as a short sale at $900K.
Incline Village Real Estate Market Rejections…3 condos, 2 PUDs and 2 Single Family Homes were rejected by the market. Usually this is price sensitive, so sellers, check your pricing before relisting on the market so you can be sure to be attracting buyers to your homes.
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By: Real Estate Home Sales Report for Incline Village on February 15, 2011
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