It was another good week for the Incline Village real estate market. 5 properties went into escrow on the Incline Village Multiple Listing Service. That was complemented by 6 new listings, 3 price changes and 5 properties closing escrow. Sales totals early in 2017 are similar to the same time in 2016. But, a lot more condos have sold this year which offsets the decline in closed escrows for houses. It’s too early in the year to make any predictions especially since most of the properties that have closed escrow went under contract late in 2016. On the surface though it looks like we will see at least 350 sales in Incline Village this year.

There is an extreme shortage of condos for sale with only 36 condominiums currently listed on the Incline Village MLS. There are 14 condos in Escrow.

Also with a low inventory are Single Family Homes, with 105 properties on the market. There are 17 homes in escrow