What is going on inside the Incline Village MLS? Check here weekly for the inside scoop on Incline Village Real Estate. We will share with you what is new on the market, what’s going into escrow for the week and what properties have sold. This is also a great source for ‘Hot Buys’ in the market and the best deals.
This week inside the Incline Village MLS and Real Estate Market there were 11 new condo listings, 5 new PUD or Planned Unit Development properties, 13 single family homes and 1 new investment property (really the investment just changed companies).
Price Changes: There were a total of 20 price changes just in time for the holiday weekend. Sellers were preparing themselves for the crowds and dropping prices in hopes of catching those buyers. Did it work? Well of those 20 properties, 11 were condominiums, 3 PUDs and 6 Single Family Homes.
New Escrows: Total of 6 for the week with 2 condos no PUDs and 4 Single Family Homes. Of these both condos were distressed properties previously on the Hot Buy List. Of the four single family homes one was a foreclosure with at least 4 offers in 4 days, one is a short sale, one just reduced recently (with success) and the other is listed at over $24Mil. Wow! Cannot wait to see what that one closes for.
Four sales for the week with 2 condos and 2 single family homes. With the condos, one was a foreclosure and the other just a GREAT deal on a nice golf course setting unit. One of the Single Family Home sales comes with a great story. This was a spec home built in 2007 (Brand New Construction) listed at over $2.8 to start, dropped, dropped, dropped and yet again until selling finally for $1.486Mil. What a DEAL! Next door is still listed at $1.695Mil with less sqft and built in 2005.
On to Market Rejects and yes, they are still out there. There were 3 condos, 5 PUDs and 5 Single Family Homes. We have news for you sellers…it’s the PRICE! There is a buyer out there for every property no matter how strange or delapidated, but it all comes down to price! Good luck!
For the most up to date list of Hot Buy properties, click here.
