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Posted by: Bruce & Sandy Soli | November 12, 2012

Real Estate Market Update Incline Village 11/12/12

Yes, it the market has showed signs of slowing down, but buyer activity has not and the good deals continue to go fast. This week, in Incline Village Real Estate,  there were only 5 new listings, 4 price reductions and 17 status changes. Of those status changes…1 condo is back on the market after falling out of escrow (bummer), 5 new escrows, 5 properties SOLD and 6 properties rejected by the market (expired/withdrawn).

Of the 5 New Properties on the Market…Check out 1048 Apollo Court with awesome lakeviews, comes fully furnished with possibility of car and toys in the garage. Property has a good floor plan, but screams of deferred maintenance o the exterior. Paint goes along way. 545 Country Club is back on the market for the millionth time. Perhaps at new price of $2,278,000 it might get more activity??? The setting is great, but the street is a busy one! 650 Village is being sold again. Great house, another busy street! Price seems reasonable, worth checking out!

Of the 4 Price Reductions this week…Check out 873 Rosewood Circle which just dropped to $799K, seems to be the new norm for this complex (at least on the non-creekside).  990 Trap reduced to $1,299,000 (in my opinion still has a way to go to get this short sale off the market).  979 Dorcey Drive reduced to $525K making ‘Heaven’ a bit more palatable.  This high elevation home gets lots of snow, but it is quiet and the views are very nice.

17 Status Changes…As stated above, those include 1 condo is back on the market after falling out of escrow (bummer), 5 new escrows, 5 properties SOLD and 6 properties rejected by the market (expired/withdrawn).

Check back next week for more updates on the Incline Village Real Estate Market!!!  Or, visit us at www.SoliRealEstate.com to peruse the inventory!


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