October 2023 Market Recap I Incline Village & Crystal Bay

Written by Hayden Haffey | Nov 16, 2023 3:26:59 PM

Welcome to the inaugural edition of my monthly real estate recap for Incline Village! As we delve into the dynamic property landscape of this picturesque locale, join me in unraveling the trends, transactions, and transformations shaping the market.

October brought a continued surge of excitement to Incline Village's real estate market. A total of 28 properties changed hands, offering a snapshot of the community's vibrant housing activity. Cash transactions dominated (67% of sales), signaling a robust market presence, while 1031 Exchanges showcased savvy investor strategies during times of high interest rates.

Currently, 106 properties await discerning buyers, presenting a diverse mix of 68 single-family homes, 34 condos, and 7 lots. The slight decrease in inventory from the previous month underlines sustained demand as we move into the winter season. October's market performance, is up from September with a 2% boost in the median Sale Price/List Price Ratio and median days-on-market continue to hover at 70. These metrics reflect a thriving market where sellers secure favorable deals swiftly.

As November unfolds, the momentum persists with 14 properties already under contract. Stay tuned for updates on the market's evolving landscape, emerging trends, and insider tips to navigate the Incline Village real estate journey.

Incline Village's real estate story is dynamic, and this monthly blog aims to be your guide through its twists and turns. Whether you're a potential buyer, seller, or simply a real estate enthusiast, join us each month as we explore the heartbeat of Incline Village's housing market.

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