The monthly residential market report is in and summer is in full swing! If you have been thinking of buying or selling Incline Village, NV real estate in 2020, 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. Sellers should still price based on fair market value while buyers should still offer fair market value. 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 75 residential listings, down from last month’s 92 residential actives. The average list price is $3,558,272 while the median is $2,150,000. The average price per square foot is $764.18 with 184 days on market. The average sold price for Incline Village, NV real estate is up from last month and currently $1,616,591 and a price per square foot of $561.56. Days on market for sold properties is at 168.
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.