Not a lot of April Showers to bring May Flowers…Inventory is at an all time since the height of the market. What does this mean for Incline Village Real Estate??? It means Sellers have a GREAT opportunity to REALLY showcase their homes and bring their A Game. Buyers, you must be ready to strike. Learn and study the market with a qualified Realtor who knows and can guide you i the right direction of the market. As a buyer you can educate yourself on-line all day long, but when it comes down to the buying process you need the expertise of an agent in the market who ‘gets it’ and can show you the good, the bad and the ugly. You want to make a smart REal Estate investment for your future gains.
In April there were 126 Condominiums on the Market with 26 Escrows and 7 SOLD. Compare that to the same period last year and we are up 2% in active properties, up 19% in escrows (keep in mind many of those are Short sales that have been in escrow for a long, long time (somewhat skewing that data) and even with sales.
PUD’s or Planned Unit Developments (Freestanding Condominiums) were at 37 active properties, 7 escrows and 2 sales compared to the same time last year…down -14% in inventory, down -43% in escrows and up 50% in sales.
Single Family Homes had 161 active properties, 31 escrows and 5 sales, compared to 2011 same time frame -4% in inventory, up 61% in escrows and down -20% in sales.
See the direct data to compare year over year as well as break it into the price band and category that interests you the most. Market Data Retrieval April 2012