July 3-10 Incline Market Update

The pace of home sales continued this week after the Fourth of July. 17 new homes, condos and PUD’s came onto the Incline Village market this past week. The number of properties in escrow in the Incline Village real estate market is stable at 46 with 480 active listings- 223 single family homes, 175 condos, 55 PUD’s (free standing townhomes), 18 lots, and 9 commercial/investment properties. Total sales to date 2010 are 128.

Incline Village home sales
This past week, we saw 6 new sales in the Incline Village market, including 3 single family homes and 3 condos. Sale prices ranged from $89K for a short-sale condo on Tanager to $8.9MM all cash for 585 Lakeshore- the main lakefront house of the old Trepp Estate, listed at $10MM- just the guest house remains for sale, 3 of the 4 properties listed have now sold.
View all 6 home sales for the past week in Incline Village and Crystal Bay

Incline Village home contracts
3 properties went into contract this past week, all single family homes priced under $1MM including 1 short sale.
View all  3 new homes in contract this past week in Incline Village and Crystal Bay

Incline Village new listings
17 new listings came onto the market this week ranging from $239K to $10.5MM.
View 9 homes listed this week in Incline Village
View 4 condos listed this week in Incline Village
View 4 townhomes listed this week in Incline Village

Price Reductions
There were 27 price reductions (and 1 price increase) this past week in Incline Village. View all 28 price changes this week