Incline Village Real Estate Mid Year Statistics 2009
Good News, Bad News or No Real News???
Total Unit Sales are down across the board from 2009 compared to 2008. Single Family Home sales are down -20%, PUDs or Planned Unit Developments are down -15% and Condos are down -10%.

2nd Quarter 2009 vs 2008	Total Unit Sales
	2009	2008	% Difference
SFR	36	45	-20%
PUD	11	13	-15%
Condo	26	29	-10%
Investment	0	1	-100%
Total	73	88	-17%

Sales Volumes have also taken a plunge with Single Family Home volume down -7%, PUDs down a whopping -79% (this is the hardest hit segment of the market by far, excluding investment properties) and Condos down -52%.

	Total Volume
	2009	2008	% Difference
SFR	$58,917,377	$63,646,408	-7%
PUD	$3,205,500	$15,018,828	-79%
Condo	$8,039,150	$16,909,000	-52%
Investment	$0	$457,000	-100%
Total	$70,162,027	$96,031,236	-27%

Median prices are also down across the board with -10% for Single Family Homes, -75% for PUDs and -33% for Condos.

	Median Sold $
	2009	2008	% Difference
SFR	$987,500	$1,100,000	-10%
PUD	$338,500	$1,350,000	-75%
Condo	$326,500	$489,000	-33%
Investment	$0	$457,000	-100%
Total	$338,500	$1,100,000	-69%

Average sales prices are amazingly up for the first half of the year in Single Family Homes at 16% and down for PUDs -65% and also Condos at -37%.

	AVG Sold $
	2009	2008	% Difference
SFR	$1,636,594	$1,414,365	16%
PUD	$400,688	$1,155,294	-65%
Condo	$365,416	$583,069	-37%
Investment	$0	$457,000	-100%
Total	$800,899	$1,050,909	-24%

Days on Market (although sometimes skewed as our MLS does not keep track of cumulative days on market like all other MLS systems around the nation) are up and down. Single Family Home days on market has gone up by 38% to approximately 210 days, PUDs are down -16% to 206 days and Condos are up 34% to approximately 170 days on market.

	AVG DOM
	2009	2008	% Difference
SFR	210	152	38%
PUD	206	246	-16%
Condo	170	127	34%
Investment	0	195	-100%
Total	195	175	12%

When drilling down these numbers the news is not so great for you Sellers out there, but again for the Buyers…NOW IS THE TIME!!! Call your local mortgage lender and your Realtor® and grab one of these deals before the market changes. For you Sellers out there…hang on and now that Real Estate is cyclical and your day too will come around, it just might be a bit longer.

2009 Sales By Month	SFR	PUD	Condo	Investment
January	6	1	2	0
February	4	3	8	0
March	5	1	5	0
April	7	2	2	0
May	5	2	2	0
June	9	2	7	0
Total	36	11	26

2008 Sales By Month	SFR	PUD	Condo	Investment
January	3	3	4	0
February	5	1	6	0
March	4	1	5	1
April	10	5	7	0
May	11	2	6	0
June	12	1	1	0
Total	45	13	29	1

For a complete list of the details on this report and the charts, click here.