It was an absolutely incredible week for the Incline Village real estate market. 22 properties went into escrow which is a staggering number any time of year, let alone during the last week of May. Whether this surge of buying is attributed to people escaping densely packed urban areas or just an anomaly remains to be seen. Regardless, in the last 15 years there have been very few weeks with more than 20 properties going into escrow.
Checking out the action on the Incline Village real estate scene only the super high-end did not participate. Prices of properties getting accepted offers ranged from just under $330,000 for a little condo all the way up to $2,450,000 for a freestanding condo in The Glen. This is the most luxurious freestanding condo development in our community and the low elevation location is highly desirable
Speaking of freestanding condos, our favorite new listing this week is 298 Deer Ct. located almost next door to The Glen. Priced at $1,550,000 this three-bedroom, 3.5 bath, 2,753 square-foot property features great architecture and a wonderful open floor plan. On the entry level you’ll find a nice big family room along with two bedrooms and 2 full bathrooms.
Upstairs this place really shines. You’ve got a spacious master Suite with a very large walk-in closet and luxurious bath. A wonderful kitchen that any chef would love along with a nice big dining area and impressive living room. You get tons of natural light and a very livable interior space.
Showing activity for the entire Incline Village real estate community continues along at a steady pace. The beautiful springtime weather combined with strong demand is spurring buyers to look at properties prior to the busy summer season. If this level of activity keeps up, we may yet catch up to last year’s sales numbers. But it’s a little tough right now to make a solid prediction as to how the rest of the year will shake out. However, optimism prevails among buyers and that’s good for everyone connected to the Incline Village real estate industry.
Weekly Real Estate Update
Statistics gathered from the Incline Village MLS on May 31, 2020
Houses Condos PUDs
For Sale 78 47 15
Under $1 million 8 28 5
Median Price For Sale $2,799,000 $895,000 $1,198,000
YTD Sales 2020 39 54 16
YTD Sales 2019 50 57 22
New Listings 10
In Escrow 22
Closed Escrow 10
Range in Escrow $329,900 - $2,450,000
The statistics contained herein are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of May 31, 2020