Team Soli just got back in the office after a 4 day conference with the Certified 
Residential Specialists Annual Conference-Sell-A-Bration 2012 in Phoenix, AZ. The just of the conference is that we have landed at the bottom and the only way from here is UP. We believe this to be true on a national level, although it is important to stay in tune with your local market and watch the signs and market indicators. Our inventory is beginning to level out with fewer additions in ‘New Listings’. When inventory starts to shrink, buyers have less buying power in relation to sellers and negotiations. Our market follows the Bay Area quite closely which makes sense as many of our buyers come from this market to our secondary or vacation home market to purchase homes away from home. In the Bay Area they are seeing their inventory shrivel up, multiple offers come in to play and in some price bands and categories it is a ‘Sellers Market’.
Is this good news or bad news? Well it depends on what you are trying to accomplish. Are you buying or selling? Investment property, vacation home or primary residence? Are you moving to another market where you can make up the difference for what might be left ‘at the table’? Only a qualified Realtor can answer these questions for you. By keeping in tune with our Market Watch update you can help educate yourself on the market and your personal agenda. Call us if you have questions or want to continue this conversation. We can always be reached at 775.771.5801 or via email at info@solirealestate.com. Enjoy the report…
For the week of January 16th-22nd of 2012 the following was happening in Real Estate in Incline Village and Crystal Bay. This information is pulled directly from the MLS and is reliable although not guaranteed. 5 homes entered the market for sale, 12 homes reduced their prices in search of the buyer (these people are screaming out to you that they either made a mistake pricing in the first place or they WANT/NEED an offer, you should take these VERY seriously) and 17 homes changed their status. Of those 17, 6 went into escrow (YEAH!), 6 SOLD (AWESOME!), 1 fell out of escrow (BUMMER!) but now surprise, it s short sale for which the bank or the buyer did not like the rules and 4 homes were complete REJECTED by the market (OUCH!). Most likely the rejected homes were not priced right or were not staged to look their ultimate best for sale. SELLERS: You MUST be the best of the best in this market to show and get prospective buyers to come and see you. If you missed the mark on pricing they may just look right over you and to your competition. BUYERS: Continue to watch this report and see more homes reducing their prices and the good ones being snagged by buyers that are already ready…pre-qualified and knowledgeable on the current market.
To view available inventory and homes for sale in and around Incline Village and Crystal Bay, visit us at www.SoliRealEstate.com and click on Home Search:
| Incline Village Real Estate Market Watch January 16th-22nd, 2011 | |||||||||
| 5 New Listings in Incline Village/Crystal Bay Real Estate | |||||||||
| Property | Status | Address | Unit # | CDOM | DOM | Orig List $ | List $ | ||
| CON | A | 820 ORIOLE | 51 | 90 | 234,900 | 234,900 | |||
| CON | A | 694 GOLFERS PASS RD | 3 | 400 | 389,000 | 389,000 | |||
| RES | A | 979 WEDGE CT | 3 | 1,050,000 | 1,050,000 | ||||
| RES | A | 1057 MILL CREEK RD | 1 | 739,000 | 739,000 | ||||
| RES | A | 905 TYNER | 918 | 2,875,000 | 2,875,000 | ||||
| 12 Price Reductions in Incline Village/Crystal Bay Real Estate | |||||||||
| Property | Status | Address | Unit # | CDOM | DOM | Orig List $ | List $ | ||
| CON | A | 360 ALDER CT | 2 | 45 | 204,000 | 170,000 | |||
| CON | A | 861 SOUTHWOOD BLVD | 29 | 152 | 259,000 | 239,900 | |||
| CON | A | 333 SKI WAY | 257 | 172 | 189,000 | 175,000 | |||
| CON | A | 929 NORTHWOOD BLVD | 101 | 580 | 687,000 | 599,000 | |||
| PUD | A | 777 FREELS PEAK DR | 313 | 855,000 | 799,000 | ||||
| PUD | A | 853 MC COURRY | 122 | 528,000 | 469,000 | ||||
| RES | A | 910 WENDY LN | 232 | 349,000 | 299,000 | ||||
| RES | A | 634 VILLAGE | 69 | 499,000 | 475,000 | ||||
| RES | A | 631 VILLAGE | 123 | 609,000 | 499,500 | ||||
| RES | A | 612 DOESKIN CT | 408 | 2,495,000 | 1,395,000 | ||||
| RES | A | 984 TYNER | 74 | 499,900 | 439,900 | ||||
| RES | A | 932 LAKESHORE | 214 | 2,950,000 | 2,850,000 | ||||
| 17 Status Changes in Incline Village/Crystal Bay Real Estate | |||||||||
| Property | Status | Address | Unit # | CDOM | DOM | Orig List $ | List $ | SOLD $ | Sold Date |
| CON | A | 333 SKI WAY | 257 | 172 | 189,000 | 175,000 | |||
| CON | C | 144 VILLAGE | 94 | 64 | 279,000 | 279,000 | |||
| CON | C | 989 TAHOE BLVD | 93 | 78 | 195,000 | 185,000 | |||
| CON | S | 760 Northwood Blvd | 104 | 513 | 546 | 239,995 | 189,995 | 185,000 | 1/17/12 |
| CON | S | 136 JUANITA DR | 21 | 343 | 154 | 569,000 | 530,000 | 500,000 | 1/20/12 |
| CON | S | 850 NORTHWOOD BLVD | 47 | 148 | 223 | 294,500 | 279,900 | 262,000 | 1/19/12 |
| CON | W | 1114 ALTDORF TER | 1114 | 111 | 599,995 | 539,000 | |||
| PUD | S | 1457 GLARUS CT | 38 | 7 | 879,900 | 879,900 | 879,900 | 1/19/12 | |
| RES | C | 910 HAROLD DR | 521 | 349,900 | 279,900 | ||||
| RES | C | 597 PONDEROSA | 230 | 359,370 | 359,370 | ||||
| RES | C | 74 SHORELINE | 827 | 2,750,000 | 2,600,000 | ||||
| RES | C | 899 DONNA DR | 109 | 725,000 | 675,000 | ||||
| RES | S | 677 SADDLEHORN | 132 | 177 | 1,199,000 | 1,199,000 | 1,000,000 | 1/13/12 | |
| RES | S | 845 DONNA | 551 | 565 | 2,495,000 | 1,998,950 | 1,750,000 | 1/20/12 | |
| RES | W | 820 ORIOLE | 0 | 239,000 | 239,000 | ||||
| RES | W | 390 TUSCARORA RD | 80 | 1,175,000 | 1,075,000 | ||||
| RES | X | 968 REDFEATHER CT | 580 | 1,488,888 | 1,298,765 | ||||
