This is an update on this weeks activity on Incline Village Listings, sales and other market date.  Read on.  Posted by Tim Lampe Real Estate.


The Incline market seems to have paused around this current plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Home sales have begun exceeding new inventory. This is a Buyer's
market so prices are not yet moving higher as excess inventory is
consumed. If the tightening continues and the market moves into
the Seller's zone, we may see upward pressure on pricing.
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively
negative implications for the market.
First American Title INCLINE VILLAGE, NV
Executive Summary
Monday January 22, 2018
The median list price in INCLINE VILLAGE, NV this week is
$1,490,000.
Investigate the market in quartiles -
where each quartile is 25% of homes
ordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
First American Title Las Vegas | www.firstam.com/nv

Single Family Homes
Median Lot Size
22.1
Percent Relisted (reset DOM)
2960
3.5
2 %
Median Number of Bathrooms
245
Median List Price
Average Days on Market (DOM)
$ 419
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 1,490,000
18 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
30 %
Percent of Properties with Price Decrease

The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
Characteristics per Quartile
7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff
7-Day Rolling Average 90-Day Rolling Average

 

Data by FATCO  Posting by Tim Lampe, Lake Tahoe's Buyers Agent.