The monthly residential market report is in and the Incline Village, NV real estate market continues to heat up along with the temps! If you are thinking of buying or selling Incline Village, NV real estate, demand is high, inventory is low and values are holding steady for the moment. While we know a pandemic is taking place and a lot of the country is sheltering in place or feels like it is “on pause”, local real estate definitely isn’t. Which means, buyers if you are serious, act fast. Get pre-approved, chat with your Incline Village, NV Realtor about your buying power and don’t sleep on anything, because if you blink-you may miss your dream property. Sellers should still price based on fair market value but chat with your Incline Village, NV Realtor about the likelihood of multiple offers and what listing in the age of Covid-19 looks like. 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 62 residential listings, which is down from the prior month before, and the month before that. The average list price is up from last month’s $3,558,272 at $3,627,792. The median is also up at $2,395,000, up from last month’s $2,150,000. The average price per square foot is $785.80 with 155 days on market. The average sold price for Incline Village, NV real estate is up from last month and currently $1,889,537 and a price per square foot of $598.79. Days on market for sold properties is at 167.
It is important to note that the above numbers change monthly and this is just for residential 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.