If you have been thinking of buying or selling Incline Village, NV real estate in 2020, you may have felt like Covid-19 has derailed your plans. While that may be true for some buyers and sellers, as it stands, the world of real estate may be operating differently, but it is still moving along with high demand, low inventory and values holding steady for the moment. As a buyer and seller, this means you need to act as you would if there wasn’t a global pandemic taking place. This means that sellers should still price based on fair market value while buyers should not lowball thinking this is 2008 and they have control of the market. Additionally, it means NOW it is more important than ever to work with a qualified Incline Village, NV Realtor. With new paperwork and protocols, you need someone with experience who can help you navigate our current reality. So how is the local Incline Village, NV real estate market looking right now? Let’s check it out.
At the time this blog was written, there were 92 residential actives with an average list price of $3,309,337 and a median list price of $1,791,000. The average price per square foot is $771.48 with 217 days on market. The average sold price for Incline Village, NV real estate is currently $1,420,744 and a price per square foot of $489.48. Days on market for sold properties is at 154. For condos, there are 41 actives with an average list price of $754,542 and a price per square foot of $479.46 and 135 days on market. At this time there are 56 solds with an average close price of $637,291 and a price per square of $429.21. The average days on market is currently 101 for condos.
It is important to note that the above numbers change monthly and this is just for properties in Incline Village, NV. If you are looking for numbers in a specific neighborhood or nearby in areas like Crystal Bay, feel free to give us a call. We would be happy to assist you in providing a custom analysis.