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April Escrows bring May Sales, but what happened in Incline Village Real Estate for the month of April 2009???

By
Real Estate Sales Representative with Sierra Sotheby's International Realty

The full data report can be viewed right here, but lets break it down. In April 2009 there were a total of 158 Condos Active on the Market, 59 PUDs (Planned Unit Developments), 223 Single Family Homes and 2 Investment Properties. For Condos there were 9 new escrows reported and 2 sales. PUDs had 5 new escrows and 2 sales, Single Family Homes reported 13 new escrows and 6 sales and there was no activity for Investments.  How does this compare to last month?  How about last year?

Well these numbers are up from last month across the board and still down across the board from the same month last year.

March 09 vs. April 09

Condominiums are up 8% in total number of listings, up 11% in number of escrows and up 50% for units sold

PUDs are down -5% in total number of listings, up 40% in number of escrows and up 100% in  units sold

Single Family Homes are down -1% in total number of listings, up 54% in number of escrows and up 33% in units sold

Investment Properties are down -50% in total number of listings, same in number of escrows and same in units sold...ZERO!

Comparing the same month 2008 vs 2009

Condominiums are up 6% in total number of listings, up 22% in number of escrows and down -250% for units sold

PUDs are up 24% in total number of listings, up 60% in number of escrows and down -100% in  units sold

Single Family Homes are up 13% in total number of listings, down -15% in number of escrows and down -33% in units sold

Investment Properties are down -250% in total number of listings, same in number of escrows and same in units sold...ZERO!

Year to Date the numbers are down across the board too!

Condominiums chime in with a total of 11 units sold compared to 22 last year for the same period.  Down -100%

PUDs total 4 units sold YTD compared to 10 last year.  Down -150%

Single Family Homes are close with 21 units sold compared to 22 last year.  Down -5%

Investment  Properties are down with 0 sales this year and 1 for the same time period last year!

To view the details of this report in certain price bands and categories and the absorption rates, click here.

Lisa Wetzel
RE/MAX Realty Affiliates - Carson City, NV
CDPE, SFR carsonvalleyland.com

Great info!  Thanks for the update!

Your guys are so close ... yet so far away!  Let's keep in touch andmaybe we can help each other!

Have a great day!

May 17, 2009 02:26 AM
Bruce & Sandy Soli
Sierra Sotheby's International Realty - Incline Village, NV
Tahoe Lifestyle Experts

Would love to help you with your REO's in our area.  Let us know if you would like to partner up!  When is Tyner closing?  ss

May 20, 2009 06:13 AM