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Incline Village Real Estate Update

It was a rather astounding week for the Incline Village real estate market. There were 52 different events consisting of 17 new listings, 17 price changes, 13 properties going into escrow and 5 places closing escrow. It’s nice to see the inventory tick up slightly especially after the severe shortage we had earlier in the year. There are now a total of 211 houses, condos and freestanding condos listed for sale on the Incline Village MLS. What’s important to note is that approximately 20 of the condo listings are new construction in the same development in Crystal Bay. If we subract those, there are about 50 condos for sale elsewhere in Incline Village and Crystal Bay.

New Listings Price Changes In Escrow Closed Escrow Our first new listing that we like this week on the Incline Village real estate scene is a remodeled condo in L’Ermitage priced at 695K.  Here’s what the listing agent had to say in the MLS info (and we couldn’t have said it better):  “Beautifully remodeled 2 bdrm, 2.5 bath condo with a one car attached garage. One of the best locations within the gated community of L’Ermitage and overlooking green belt area. Open floor plan with beamed ceiling, Brazilian hardwood flooring and gas log fireplace on the main living level. Lots of windows and natural light. Private south-west facing deck off dining area with natural gas for BBQ. Master bedroom features gas log fireplace, recently remodeled bathroom and walk-in closet. Additional storage closet in garage. A must see!”

If you would like to spend a little bit less and still be at low elevation, then we recommend checking out 981 Fairway Park Dr. – #2 priced at $548,000. This upstairs end unit features 2 bedrooms, 2 full bathrooms along with 1494 ft.² of living space. Nice big master suite and the place is offered furnished! Vaulted ceiling in the living area makes for a very light and open feeling. It also comes with a one car detached garage which is a nice feature in this price range for any piece of Incline Village real estate. Click Here to See a Virtual Tour

Weekly Real Estate Update

Statistics gathered from the Incline Village MLS on 7/14/19

Houses Condos PUDs

For Sale 121 70 20

Under $1 million 16 46 11

Median Price For Sale $2,100,000 $699,000 $747,500

YTD Sales 2019 74 73 29

YTD Sales 2018 94 96 31

New Listings 17

In Escrow 13

Closed Escrow 5

Range in Escrow $319,900 – 3,500,000

These statistics are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of July 14, 2019

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