It appears home prices will be heading even higher this year with an anticipated increase of 8%. This is due to a shrinking inventory and record high affordability. In addition, the Federal Reserve will keep the mortgage rates at historically low levels.
We recently did 4 market evaluations for 4 different sellers, and every single evaluation showed that due to the low inventory, the asking prices of available homes were much higher as compared to comparable sold properties. These properties came from different sectors of the Incline Village market….a low end condominium in the Ski Way area, a house in the Upper Tyner area, and a lakefront 3 bedroom condo.
We are definitely feeling the effects of increasing home prices in Incline Village. If you are interested in finding out what your home is worth, e-mail us for a free market evaluation. E-mail: firstname.lastname@example.org