Incline Village Real Estate Blog 3/10/19
The copious amounts of snow that have fallen on every piece of Incline Village real estate this winter are finally starting to have an impact on sales of single-family houses. While condo and freestanding condos sales are virtually identical with one year ago, sales of single-family homes are down 40%. Prices are for the most part in a plateau during the winter of 2019.
Last year sales of single-family homes were exceptionally strong in the wintertime because there was virtually no natural snowfall until the middle of February. This allowed buyers and frustrated winter sports enthusiasts to look at property and write offers on a regular basis in the winter months 1 year ago.
Fast-forward to the winter of 2019 and snow piled several feet high. Finding the front door at some higher elevation properties has become a challenge. Buyers of Incline Village real estate aren’t too worried about the lay of the land when it comes to purchasing a condo or freestanding condo. But when buying a single-family home, the property is a large percentage of the value and outdoor usage a critical component in the decision-making process.
Checking out the new listings on the Incline Village real estate scene there is one low elevation condo that looks like a good value. 830 Oriole Way – #14 White Pines boasts 4 bedrooms, 3.5 baths, 1752 ft.² of living space in a nicely remodeled property. You’ll find open beam Cathedral ceilings in the great room along with a beautiful kitchen. The attached 2 car garage makes this a special place worth a look before someone else snaps it up. Offered at $585,000.
Weekly Real Estate Update
Statistics gathered from the Incline Village MLS on 3/10/19
Houses Condos PUDs
For Sale 76 35 9
Under $1 million 14 25 5
Median Price For Sale $2,250,000 $630,000 $988,000
YTD Sales 2019 16 26 12
YTD Sales 2018 28 26 10
New Listings 7
In Escrow 5
Closed Escrow 3
Range in Escrow $360,000 – $1,995,000
These statistics are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of March 10, 2019