Incilne Village Home Sales YTD May 15 2008
May 17th, 2008This year, 13 homes have sold in Incline below $1M and 12 have sold over $1M. This is a shift from 17 homes sold below $1M and 29 sold over $1M for the same period in 2007. In the below $1M range, we are seeing nicely remodeled homes and “move-in” condition homes that are priced attractively selling quickly- there are buyers looking for value (I have represented buyers in 2 of these this spring). We are also seeing homes over $1M with unique or attractive features- cloe proximity to the lake, lake views, golf course location, large/level lots, and QUALITY homes selling. Fixer-uppers in great locations need to be priced to sell, and newer construction or great remodels are selling in these desirable locations, if priced fairly from the initial listing. Overpriced listings often deter buyers.
