Incline Village Real Estate Market Update : September 11, 2020
The staggering numbers continue on the Incline Village real estate scene with 33 properties going into escrow last week. Fortunately, there were 29 new listings so the inventory remained relatively stable.
However, the past seven days represent the greatest percentage of properties listed for sale getting accepted offers in one week in the history of the Incline Village real estate market. There were only 70 properties listed on the Incline Village MLS one week ago. That means nearly 50% of the inventory went into escrow in just seven days.
Low elevation home buyers looking in the two million-dollar price range will want to scurry over to 1079 Mill Creek. This 2622 square-foot single-family home features three bedrooms, 2.5 bathrooms and a nice big three-car garage. Bonuses include a loft / den area, nice wet bar and kitchen that even the most discriminating cook would love.
You’ll enjoy soaring open beam Cathedral ceilings, spacious rooms, a nicely updated interior plus a completely fenced backyard. Superb location close to the beaches, Hyatt hotel and casino and the center of town. The asking price of $2,198,000 puts this one on our radar screen. Click Here to See a Virtual Tour
If your budget is under one half million dollars then we recommend checking out 696 Village Blvd. #1 Woodminster. We love this complex for its nice woodsy setting and warm Tahoe feel. This two-bedroom, two bath, 1300+ square-foot condo comes in a two-story split-level townhouse style. You get a loft, extra closet space plus a detached garage. You’ll be hard-pressed to find a better value at the $498,000 asking price. Click Here to See a Virtual Tour
Weekly Real Estate Update
Statistics gathered from the Incline Village MLS on 9/6/2020
Houses Condos PUDs
For Sale 50 24 3
Under $1 million 3 19 2
Median Price For Sale $2,198,000 $650,000 $929,500
YTD Sales 2020 155 150 47
YTD Sales 2019 108 109 43
New Listings 29
In Escrow 33
Closed Escrow 21
Range in Escrow $279,000 - $27,500,000
These statistics are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of September 6, 2020