Inside the Incline MLS
More of the same, but at least there is activity! For the week of 11/30-12/6, 2009 the following took place inside the Incline MLS:
New Listings: 3 condos and 3 single family homes (SFH).
Price Reductions: 2 condos and 6 SFH decided to reduce their prices in hopes of an offer. Check them out, but we did not recognize any hot buys out of these. Perhaps the Coeur du Lac will entice someone at $235K but it is only a one bedroom.
New Escrows: 2 condos went into escrow this week and 1 SFH.
Sales: A pretty good week with 4 condos, 1 PUD (Planned Unit Development) and 2 SFH sold this week. Of the condos sold 850 Northwood #50 was a great deal closing at $290K, 825 Southwood #19 was a Hot Buy foreclosure listed at $159 and sold for $185 cash and another moderate income housing unit closes at $226kK listed at $229,995. These were all on our Hot Buy List.
Market Rejects: The end of the month always brings a slew of activity in the market rejects category. This week there were 17 condos rejected by the market, 4 PUDs and 12 SFHs. Pricing…it IS all about the pricing! Check where you are priced, view the competition with the buyers mindset and review where you are going for the future if you are seriously wanting to sell.
For a complete list of ‘Hot Buys’ click here. Until next week!
