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.
New Listings Price Changes In Escrow Closed Escrow
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