First American Market Report
Crystal Bay, NV
Single-Family Homes
Nationwide Strength, Local Expertise, and Friendly Service.
Crystal Bay, NV
Thu Sep 20 2018
This week the median list price for Crystal Bay, NV is $2,350,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has held steady at or around 13.
Market Action Index
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.
| Today |
| Last Month |
Slight Buyer's Advantage
The market has been cooling in recent weeks. Since this is a Buyer's market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Real-Time Market Profile
| Median List Price | $2,350,000 | |
| Per Square Foot | $682 | |
| Days on Market | 217 | |
| Price Decreased | 15% | |
| Price Increased | 0% | |
| Relisted | 23% | |
| Inventory | 13 | |
| Median House Rent | ||
| Most Expensive | $75,000,000 | |
| Least Expensive | $1,198,800 | |
|
Market Action Index
Slight Buyer's Advantage |
27 |
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $75,000,000 | 0 | 5 - 10 acres | 8 | 11 | 15 | 0 | 0 | 760 |
| $5,995,000 | 4,752 | 0.25 - 0.5 acre | 5 | 5 | 43 | 0 | 1 | 53 |
| $2,250,000 | 0 | - | 4 | 4 | 35 | 0 | 0 | 74 |
| $1,499,000 | 2,416 | 6,500 - 8,000 sqft | 3 | 3 | 29 | 1 | 1 | 40 |