2024 is off to an active start with 21 properties changing hands and 16 properties going under contract in just our first month. Breaking down the numbers, 6 of the 21 sales closed at list price, while 2 properties fetched prices above their listed amount. 13 properties closed below the list price, resulting in a January sale-to-list price ratio of 94.5%. This variation in pricing underscores the dynamic nature of our market, offering opportunities for both buyers and sellers.
The financing landscape saw a diverse mix, with 9 cash purchases, 10 conventional financing deals, 1 facilitated through a 1031 Exchange, and another involving seller financing. For those intrigued by the prospect of seller-financed properties, reach out directly for more insights into this unique segment of our marketplace.
In addition to the flurry of sales, the month saw the 16 properties brought to the market with some returning after a brief holiday hiatus. This fresh inventory included 9 condos, 6 single-family homes, and 1 investment property. The variety of listings presents an array of choices for prospective buyers, ensuring there is something for everyone in the diverse Incline Village real estate market.
Noteworthy among the closed deals for buyers in this range to bring their attention to were two lake-view properties – 571 Dale Drive and 297 Wander Way – both securing transactions at approximately 15% below their original list prices. This should be encouraging for buyers, highlighting potential opportunities for those ready to make a realistic offer regardless of what price tag a seller intends seek.
If you have any questions or are curious about specific aspects of our real estate landscape, feel free to get in touch – I'm here to help guide you through the exciting journey of Incline Village homeownership.
Currently 80 properties are listed for sale, 46 single-family homes, 28 condos and 6 vacant lots. This is down from the writing of my blog last month where we sat at 92 total properties on January 8th.
