2011 Incline Village-Crystal Bay Nevada Market Report
By Ken Cash, Lake Tahoe Lake Front Homes, Luxury Homes, Condomi
(CB Select Real Estate at Lake Tahoe - 775.691.3855 - )
2011 Incline Village/Crystal Bay Market Report Single family home sales are down approximately 16.5% from 2010 to 2011 with only 96 sales reported by the MLS in 2011. Condominium sales are down approximately 6.25% from 2010 to 2011 with only 135 sales reported by the MLS in 2011. 2011 was mirroring 2010 sales through the first three quarters with a sharp drop off in sales in the last quarter leaving 2011 behind 2010 figures. Since most of our buyers are discretionary buyers, the grid-lock in Washington in the last quarter delayed many purchasing decisions by buyers. This may continue to be a significant factor in 2012 sales. The median sold price for single family homes dropped approximately 8.1% from 2010 to 2011 with the MLS reporting a median sold price of $771,500 in 2011....
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