Let's take a look at what's happening with the Incline Village real estate market.
There are 152 active listings of houses, condos and townhomes which is 14% less inventory when compared to last year (176).
Single Family Homes/Townhomes Update:
Of the 110 single family homes and townhomes for sale only 23% are under $1 million, with majority of available homes for sale, 39%, being over the 2 million mark. The median listing price is $1,595,000 and the median sold price for the last 3 months is $872,500, so there is quite a gap between what is available and what people are buying.
Even though the inventory of available single family homes and townhomes, the number of sold homes is on the rise proving that the Incline Village real estate market is still going strong.
Condominiums Market Update:
Of the 43 condominiums for sale (which represents 38% less inventory when compared to last year with 69 active condominiums), the majority of them, 61%, are under $600,000. Only 23% are over $1 million. The median sold price ($395,000) increased by 7% when compared to the same period of time in 2016 ($370,000) proving that the Incline Village real estate market is still going strong.
