https://exp.rezora.com/public/11100968
The snow is finally falling! February started strong with the biggest snowstorm of the season. And that is not the only thing that is picking up.
As I am sure you know, 2023 was the slowest of the last 10 years regarding Real Estate sales.
January 2024 numbers show 21 closings for the Incline Village, Lake Tahoe area, which is up from January 2023's 9 closings.
The sales-to-list price ratio also increased to 98%, as opposed to the last two months' ratio of 96.5%.
These increases are slight but a step in the right direction.
However, properties are still taking longer to get into contract, with a growing median of 161 days on the market.
In the last 14 days, there have been 7 new escrows.
1 had been on market under 60 days..
6 had been on the market for over 100 days!
This trend shows that houses that have been sitting for a while are slowly starting to get some action again.
Single Family Homes: This week the median list price for Incline Village, NV 89451 is $3,411,500. Inventory has decreased to 41.
Condos: This week the median list price for Incline Village, NV 89451 is $1,149,000. Inventory has decreased to 29
Real-Time Market Profile
Median List Price $3,411,500
Median Price of New Listings $5,249,000
Per Square Foot $1,020
Average Days on Market 214
Median Days on Market 161
Price Decreased 39%
Price Increased 5%
Relisted 16%
Median Rent $2,995
Questions? Please feel free to call, text, or email me for a private consultation.
