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  • Writer's pictureInside Incline

Incline Village Real Estate Market Update: July 13, 2020

The Incline Village real estate scene keeps humming along with 20 new listings and a staggering 24 properties going into escrow. Over 100 properties have gone into escrow in just the past month. Considering there are only 95 properties listed for sale on the Incline Village MLS, this is an extraordinary market situation that has never occurred before.

It was nice to see a plethora of new listings on the Incline Village real estate market during the past week. Buyers need to remain nimble and ready to pull the trigger when a property they like gets listed for sale. This is the peak of the busy season. Summer residents and visitors have flocked to the Lake to enjoy the beautiful weather, spectacular scenery and buy property.

There is one new listing that really stands out from the crowd this week. If you have been shopping for a house or freestanding condo, then run don’t walk to see 978 Fairway View Ct. Offered at $1,250,000 this is a very great three bedroom, 2.5 bath, 2100+ square-foot freestanding condo. Excellent floor plan, nice interior. It’s in a sweet location next to the Championship Golf Course and close to everything in the center of town.

Here is an excerpt from the Incline Village MLS that was written by the listing agent (someone that we have very much enjoyed doing transactions with over the years). We can’t describe the property any better than he did.

“This home is in a small 5 unit gated community, located near the tee box on the 1st Fairway of the Championship Golf Course. It is free standing, has a 2 car garage and is being sold fully furnished. This unit has a bright and open great room design with vaulted beamed ceilings, a river rock gas log fireplace and Pergo style flooring. The kitchen is open to the great room, has slab granite countertops, a breakfast bar and a walk in pantry” Click Here to See a Virtual Tour

Weekly Real Estate Update

Statistics gathered from the Incline Village MLS on July 12, 2020

Houses Condos PUDs

For Sale 58 25 12

Under $1 million 4 13 4

Median Price For Sale $2,589,000 $975,000 $1,198,000

YTD Sales 2020 69 85 25

YTD Sales 2019 75 73 29

New Listings 20

In Escrow 24

Closed Escrow 15

Range in Escrow $274,500 - $27,500,000

The statistics contained herein are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of July 12, 2020

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