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Posted by: Bruce & Sandy Soli | February 6, 2012

Incline Village and Crystal Bay Real Estate Market Watch

Hello February!!! Well, inventory is beginning to finally shrink, and properties continue to go into escrow and close at a pretty steady pace. This is good news for our market and it would be GREAT to eat through some of this stale inventory. It’s like getting to the bottom of a box of cereal and not wanting to waste it, but it doesn’t taste great either. Some of this inventory has just been on the market for TOO LONG! LEt’s make it a ‘Wheaties’ kind of year and get through this box of cereal before it gets worse!

This week there were 7 new listings (some just back on the market), 7 price reductions (really there were 8 reported, but one was a BIG ooops on data entry) and 28 status changes. Of those status changes 4 new escrows, 6 sales reported, one back on the market (bummer) and 17 properties withdrawn or expired from the market. For those sellers that are finding yourselves in this situation…you must get in tune with the market and what buyers are willing to pay. This may or may not be the time to sell if you do not fully understand what is going on. IF you have questions about the market, email or call us, we’d be happy to help in the never ending education process!

To view all available inventory in the Incline Village, Crystal Bay or surrounding areas, visit us at www.SoliRealEstate.com and click on ‘Home Search’.

For the week of January 30th-February 5th the following was happening Inside the Incline Village/Crystal Bay MLS…Click any of the links below for all the details on the properties!  We are proud to report that Team Soli closed 2 of the 6 transactions this week at amazing deals to our buyers and sellers!

Incline Village Real Estate Market Watch January 30th-February 5th 2012

7 New Listings in Incline Village/Crystal Bay Real Estate
Property Status Address Unit # DOM Orig List $ List $
CON A 872 TANAGER 52 1 89,000 89,000
CON A 389 COTTONWOOD CT B 327 389,000 389,000
CON A 335 SKI WAY 329 147 449,000 449,000
PUD A 198 COUNTRY CLUB DR 1 799,000 799,000
RES A 160 PINE CONE RD 361 975,000 975,000
RES A 415 GONOWABIE RD 6 975,000 975,000
RES A 547 SUGARPINE DR 0 3,850,000 3,850,000
7 Price Changes in Incline Village/Crystal Bay Real Estate
Property Status Address Unit # DOM Orig List $ List $
PUD A 599 CREST LN 238 235,000 179,000
RES A 940 WENDY LN 193 489,000 419,000
RES A 701 CRISTINA DR 233 1,850,000 1,595,000
RES A 1120 LAKESHORE BLVD 574 800,000 599,000
RES A 338 2ND CREEK 62 749,000 629,000
RES A 984 TYNER 88 499,900 424,900
28 Status Changes in Incline Village/Crystal Bay Real Estate
Property Status Address Unit # DOM Orig List $ List $ SOLD $ Sold Date
CON A 929 NORTHWOOD BLVD 52 187 595,000 595,000
CON P 870 SOUTHWOOD BLVD 3 107 139,900 119,000
CON S 807 ALDER 67 220 187,900 172,500 155,000 1/31/12
CON S 929 NORTHWOOD BLVD 23 963 1,199,000 899,000 839,900 1/30/12
CON S 807 ALDER AVE #81 237 159,000 139,900 120,000 1/26/12
CON W 807 ALDER AVE 62 365 235,000 209,000
CON X 837 SOUTHWOOD BLVD 24 222 249,000 185,900
CON X 760 Northwood Blvd 101 384 228,500 189,995
CON X 760 Northwood Blvd 103 269 238,500 189,995
CON X 400 FAIRVIEW BLVD 101 322 421,500 399,000
PUD C 101 RED CEDAR 556 699,000 699,000
PUD X 978 GLENROCK CT 315 290,000 250,000
PUD X 1313 MORITZ 293 329,000 298,000
RES A 547 LANTERN CT 265 99,995,000 999,500
RES A 521 LUCILLE DR 229 429,000 399,000
RES C 818 OPHIR PEAK RD 547 1,650,000 1,450,000
RES P 1057 MILL CREEK RD 12 739,000 739,000
RES S 597 PONDEROSA 230 359,370 359,370 402,000 1/30/12
RES S 1011 DORCEY 462 699,000 629,000 590,000 1/31/12
RES S 844 O`NEIL WAY 20 599,000 599,000 580,000 1/30/12
RES W 981 DRIVER 16 649,000 649,000
RES X 968 GRANITE CT 778 998,000 699,900
RES X 680 BRIDGER CT 275 399,000 349,000
RES X 1707 Lakeshore Blvd 1092 3,000,000 2,950,000
RES X 573 KNOTTY PINE 827 380,000 325,000
RES X 748 LAKESHORE BLVD 1397 2,495,000 2,395,000
RES X 899 DONNA DR 109 725,000 675,000
RES X 575 MC DONALD DR 168 799,000 799,000

Responses

  1. […] Crystal Bay MLS.  This week there were 7 new listings, 7 price reductions and 28 status changes.  Click here for the full story and thanks to Team Soli for posting here each week and keeping us […]


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