Second quarter Incline Village Real Estate sales are opening strong with 50 sales pending and the quarter is just starting!!! REO's and Short Sales will continue to impact the inventory as more properties come on the market, but that is yet to be a big factor in the luxury market or the a Plus properties.

Based on the 174  active homes only (8) are REOs or foreclosures.

Sellers must understand that prices are affected by the distressed sales throughout the Incline Village real estate market. Pricing needs to be realistic to get showings and end up selling. 

A new interesting number to look at is "cumulative days" on the market. This new number  gives a total history of properties which hit the market especially those listed by different agencies while no sale occurs. The range can vary from just listed with 10 days to over 1000 days in some cases.