Fri Feb 28 2020
This week the median list price for Incline Village, NV is $1,498,900 with the market action index hovering around 24. This is less than last month's market action index of 25. Inventory has held steady at or around 93.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$1,498,900|
|Per Square Foot||$485|
|Days on Market||114|
|Slight Buyer's Advantage|
Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$6,750,000||4,839||0.5 - 1 acre||5||4||30||0||0||141|
|$1,999,995||4,235||0.25 - 0.5 acre||4||3||38||0||2||98|
|$1,146,200||2,772||0.25 - 0.5 acre||4||3||39||3||1||64|
|$634,000||4,399||0.25 - 0.5 acre||4||3||27||0||0||147|