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Posted by: Bruce & Sandy Soli | September 6, 2011

August 2011 Real Estate Statistics

What happened to August?  The summer just really started to heat up and all of a sudden it came to an abrupt ending.  Kids are back in school, Labor Day has come and gone and the August 2011 Market Statistics for Incline Village Real Estate are IN!  Market Data Retrieval Details August 2011

Currently there are 162 Active Condominiums on the market (down -18% over 2010 same time frame), 58 PUD’s or Free Standing Condominiums on the market (up 7% over 2010) and 228 Single Family Homes currently active on the market (down -4% over 2010).

In August there were 27 Condominiums in escrow (down -11% over 2010), 3 PUD’s (dead even with last year) and 24 Single Family Homes (down-21% over 2010).  Keep in mind many of these escrows are short sales that have been in escrow for a VERY long time, sort of skewing the information, but for the better!

In August there were 9 Condominiums SOLD (even with 2010), 3 PUD’s (even with 2010) and 9 Single Family Home SOLD (up 22% over 2010).

Condominium Details for the Month of August

24 New Listings, 48 Price Changes, New Pending Sales, 9 SOLD and 5 Rejected by the Market.  Absorption rate is an average of 19 months on the market.

PUD or Freestanding Condominium Details for the Month of August

10 New Listings, 16 Price Changes, 1 New Pending Sale, 3 SOLD and 2 Rejected By the Market.  Absorption rate is an average of 15 months on the market.

Single Family Home Details for the Month of August

29 New Listings,  54 Price Changes, 20 New Pending Sale, 9 SOLD and 5 Rejected By the Market.  Absorption rate is an average of 22 months on the market.

Investment Property Details for the Month of August

3 New Listings, 0 Price Changes, 0 Pending, O Sales, 0 Rejected By the Market. No sales to report absorption rates accurately.  There have been NO investment sales in over 1 year in Incline Village, NV.

Year To Date Sales All Categories…

Condominiums 66 units (down -6% over 2010)

PUD’s 20 units (down -25% over 2010)

Single Family Homes (down -7% over 2010)

Investment Properties (down -100% over 2010)

When comparing August 2011 sales to July 2011 sales activity was up across the board except for Condominiums sales being down -11% over previous month and new escrows down in PUD and SFH (-100% and -4% respectively).  See details on attached document.


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