The short sale/REO market in Incline Village Nevada

I am often ask by potential buyers "How many properties are for sale?  It seems like really alot."  The truth is .......Its historically about normal.

For 20 years, the summer numbers are around 500.  There have been years (late 90's early 2000) where the number was around 600-700 and there were years such as 2003-04 where the number was just 100.

Incline Village Multiple Listing Service

Short Sale/REO/Bank Owned Data YTD 09/27/2011

Active RES, CON, PUD listings (A,C,P,R)

498 Total Listings

440 Active

33 Contingent

21 Pending Bank

1 Release

3 Under Contract

Short Sale, REO, Bank Owned (A,C,P,R)

55 Total Listings

Total Sold RES, CON, PUD listings YTD 09/27/2011

167 total sales    Average sold  $809,452  DOM 211 days

39 sales were REO,Short Sale or Bank Owned

Average sold $592,319   DOM  146 days

39/167 = 23.35% of Market Solds are distressed property sales.

55 Short Sale REO, Bank Owned Listings/ 23 CBIVRA  = 41.8% Market Share