Incline Village has been affected by the economic slowdown, reflecting lower home sales prices and fewer sales, as seen across most markets. The median sales price of a single family home in Incline Village, dropped to $1,383,060 in 2008, down 6% from $1,24187,500 in 2007. This is better than you might expect considering the sales volume dropped 39%, as 84 homes sold in 2008 compared to 138 in 2007. Read all Incline Village home sales stats for 2008 at BuyTahoeHomes.com
Buyers have been looking- the stats on my website jumped just before Christmas and again over the weekend, we will just have to see how long prices keep dropping. This past week, 12 new listings came onto the market in Incline Village and Crystal Bay, including 5 homes, 1 townhome and 6 condos. There were 18 price changes, 2 sales and 2 homes that fell out of escrow, 4 new properties in escrow with 21 properties in contract currently. View links to all new listings, escrows and sales at Incline Village Real Estate update.