Yeah, more activity in the market. Does this mean recovery? We get that question everyday. The signs in the market are pointing towards recovery with a decrease in inventory, 
steady pace of new escrows and closed SALES. If you are a Seller in this market, that is GREAT news, but will still take some time before you see the results of that. If you are a Buyer in this market, the timing is still GREAT. Interest rates are low, inventory is still in abundance with over 19 months in most price bands and categories, but do not wait too long as the good properties are going fast! Remember the saying…’You snooze you lose’? Well, if you wait too much longer we will already be started back up the bell curve. IT looks like we have already headed in that direction and if you wait to long, what you might recover in a lower price you might pay for in a higher interest rate (which is worse) or the prices just might start to rise (not likely for another couple of years though). For the week of February 27th-March 4th 2012 the following was happening inside the Incline Village and Crystal Bay MLS…7 new listings hit the market (one of those already in escrow), 5 price changes (all reductions, no surprise) and 27 status changes…13 new escrows, 4 BOM-Back on Market, 5 SOLD homes and 5 rejected by the market.
To view all available real estate inventory in the Incline Village and Crystal Bay MLS, visit us at www.SoliRealEstate.com and click on the ‘Home Search’ tab.
Here are the details for the week. Remember you can click on any of the links below for more details on those properties. Until next week…
Incline Village Real Estate Market Watch February 27th-March 4th, 2012 |
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| 7 New Listings in Incline Village/Crystal Bay Real Estate | ||||||||||
| Property | Status | Address | Unit # | DOM | Orig List $ | List $ | ||||
| CON | A | 939 INCLINE WAY | 201 | 0 | 399,000 | |||||
| CON | A | 872 TANAGER | 6 | 9 | 85,000 | |||||
| CON | A | 866 NORTHWOOD BLVD | 7 | 874 | 289,500 | |||||
| CON | A | 807 ALDER AVE | 62 | 484 | 199,900 | |||||
| CON | A | 321 SKI | 72 | 0 | 225,000 | |||||
| CON | A | 759 MAYS | 29 | 0 | 300,000 | |||||
| CON | C | 120 JUANITA DR | 3 | 182 | 499,000 | |||||
| 5 Price Changes in Incline Village/Crystal Bay Real Estate | ||||||||||
| Property | Status | Address | Unit # | DOM | Orig List $ | List $ | ||||
| CON | A | 501 LAKESHORE BLVD | 6 | 58 | 1,395,000 | 1,389,688 | ||||
| CON | A | 321 SKI WAY | 3 | 165 | 279,900 | 191,000 | ||||
| PUD | A | 702 COLLEGE DR | 182 | 285,000 | 199,900 | |||||
| RES | A | 619 LARIAT | 343 | 2,500,000 | 2,375,000 | |||||
| RES | A | 587 FALLEN LEAF WAY | 297 | 3,900,000 | 3,295,000 | |||||
| 27 Status Changes in Incline Village/Crystal Bay Real Estate | ||||||||||
| Property | Status | Address | Unit # | DOM | Orig List $ | List $ | SOLD $ | Sold Date | ||
| CON | A | 321 SKI WAY | 3 | 165 | 279,900 | 191,000 | ||||
| CON | C | 760 Northwood Blvd | 202 | 265 | 189,995 | 189,995 | ||||
| CON | C | 760 Northwood Blvd | 102 | 590 | 229,500 | 189,995 | ||||
| CON | C | 335 COTTONWOOD | 1 | 252 | 249,900 | 189,900 | ||||
| CON | P | 837 SOUTHWOOD BLVD | 24 | 222 | 249,000 | 185,900 | ||||
| CON | S | 144 VILLAGE | 94 | 95 | 279,000 | 279,000 | 255,000 | 2/17/12 | ||
| CON | S | 866 NORTHWOOD | 15 | 241 | 287,000 | 265,000 | 245,000 | 2/27/12 | ||
| CON | W | 807 Alder Avenue | 5 | 156 | 239,900 | 209,900 | ||||
| CON | W | 1308 URI CT | M-46 | 184 | 550,000 | 529,999 | ||||
| INV | X | 1051 TOMAHAWK | 799 | 425,000 | 397,500 | |||||
| INV | X | 1049 TOMAHAWK | 451 | 485,000 | 485,000 | |||||
| PUD | C | 198 COUNTRY CLUB DR | 30 | 799,000 | 799,000 | |||||
| PUD | S | 101 RED CEDAR | 556 | 699,000 | 699,000 | 675,000 | 2/29/12 | |||
| RES | A | 619 LARIAT | 343 | 2,500,000 | 2,375,000 | |||||
| RES | A | 605 TYNER WAY | 142 | 2,395,000 | 2,395,000 | |||||
| RES | A | 587 FALLEN LEAF WAY | 297 | 3,900,000 | 3,295,000 | |||||
| RES | C | 910 HAROLD DR | 541 | 349,900 | 250,000 | |||||
| RES | C | 227 PELTON LN | 383 | 1,395,000 | 1,095,000 | |||||
| RES | C | 204 NADINE CT | 211 | 436,000 | 369,000 | |||||
| RES | C | 818 OPHIR PEAK RD | 547 | 1,650,000 | 1,450,000 | |||||
| RES | P | 382 COUNTRY CLUB | 168 | 499,900 | 459,000 | |||||
| RES | P | 984 TYNER | 112 | 499,900 | 424,900 | |||||
| RES | P | 466 WINDING | 121 | 699,000 | 620,000 | |||||
| RES | R | 833 O`NEIL | 542 | 990,000 | 899,000 | |||||
| RES | S | 640 TUMBLEWEED | 201 | 599,000 | 479,000 | 485,000 | 3/1/12 | |||
| RES | S | 74 SHORELINE | 827 | 2,750,000 | 2,600,000 | 2,400,000 | 2/27/12 | |||
| RES | X | 626 LAKESHORE BLVD | 898 | 1,895,000 | 1,700,000 | |||||
[...] For the week of February 27th-March 4th 2012, the following was happening in the Real Estate Market in Incline Village and Crystal Bay, NV. We are still plugging along with steady sales and escrows and a decrease in our inventory. All GREAT news for Sellers…what does it mean for Buyers? Read what Team Soli has to say about the local market and drill down to the details of what is moving in the area….click here for the full story. [...]
By: Market Watch Incline Village and Crystal Bay Real Estate | INTEROTAHOE on March 6, 2012
at 5:07 pm