Does the List Price Matter When Making An Offer on Incline Village Real Estate?

This is a very interesting questions and one that makes some buyers AND sellers uncomfortable in Incline Village.  In the past it was standard to price a home based on recent market data including the future market (pricing 30-60-90 days out) especially in an EXTREME buyers market where inventory levels are huge and sales are few.  Add in the fact that no two properties are alike (lot size, sqft, build, age, etc.) and you are definitely not comparing apples to apples nor even apples to oranges.  Read the entire article and see detailed MLS info here…

Yes, they happen everywhere and to all walks of life.  Incline Village, NV is not immune to Foreclosures, short sales and other forms of distress.  Property values are down and many people across the nation are finding themselves in situations they never thought possible.  There is help out there and there are some great deals to be had in the market.  You just need to find them and be ready to pounce.

Here is this week’s update on the Distressed Homes in the Incline Village Real Estate Market:

Steady, steady, steady and yes…Incline Village Real Estate is moving.  Contrary to all the negative news you hear in the media, Incline Village continues to move real estate as buyer understand the turn in the market and sellers (real sellers) are still very reasonable about the market conditions.  For the week of January 25th-31st 2010, the Incline Village MLS reported the following activity…

Signs in the market do not indicate a slowdown and as a matter of fact slow and steady seems to be the nature of the current market. During the week of January 18th-24th the following took place in the Incline Village Real Estate Market:

New Listings:  3 condos hit the market, 1 new PUD (Planned Unit Development) and 4 Single Family Homes.

Price Changes: 9 condos reduced their prices this week, 2 PUDs and 3 Single Family Homes.

New Escrows:  4 condos were the lucky recipients of an offer that was actually accepted, 1 PUD and 2 Single Family Homes.

Sales for the Week:  2 PUDs and 2 Single Family Homes closed and were able to move on.  Both PUD and SFH sales were GREAT deals for the buyers and probably a relief for the sellers.  Some of these homes have been on the market for over a year and a half.  Ouch!

Market Rejects:  4 condos were rejected by the market this week, 2 PUDs and 4 Single Family Homes although 3 of these were withdrawn due to an agent changing offices.

For all the best deals in the market, click here…