What the mid year stats really mean in Incline Village,Nevada

Here is a current snap shot of what properties are in escrow in Incline Village nevada as of today:

221 active listings for homes on the market.

27 homes in escrow,10  of which are distreesed properties,either a short sale or bankowned .

7 homes are below  $500,000

12 are above $500,000-yet under $1million

2 are btween $1m-1.5m

2 between $4m-6m(one of which is a short sale and has been in escrow for many months)

4 are between $1.9-3.095m

This has been the typical mix in 2010,some real rollbacks in the teardown sector of older homes in the under$500k range,some movement finally in the $1.5m range, and decent luxury activity.

Despite Incline mirroring the rest of the nation ,the ultra luxruy sector primarily on the Incline lakefront has seen 4 sales already in 2010 near or above the $10m dollar mark.

19 condos are in escrow,11 of which are shortsales or bankowned.

17 of these condos are below $499,000

1 at $669,000

1 at $2,650,000 on the lakefront,single level living,elevator access

3 Freestanding townhomes are in escrow, 2 in Tyrolian Village both short sales,1 with  killer lakeview at $950k

The Lakefront homeowners tend to be holding to  their pricing and  closing near ask in most cases,or holding on for the value proposition buyer,rather than the buyer looking for the best deal.

If you are a considering selling you still  need to price ahead of the market ,and understand that price is almost everything to most buyer’s.

If you are buying,there are some great opportunities if you have the patience equity to put into a distreesed property.If you do not,buy what you really want and enjoy it.Keep in mind location is still key.