The vast majority Incline Village and Crystal Bay real estate buyers have their primary residence located outside of the area. It's not often that we have a first time buyer looking in our community, so most people are familiar with the property search process. There are a number of factors that can make finding just the right place challenging in our local market. With all of the different subdivisions, elevation differences, snowfall variations, background noise issues among other things, it's not a simple matter of just looking on the Internet for a place with the right number of bedrooms and bathrooms that fits your budget.
With single-family home prices having decreased approximately 30% since the peak four years ago, many buyers who were priced out of the market and looking only at condos can now realistically look at houses. It used to be if you were spending under $800,000 you would pretty much confine your search to condos and freestanding condos. Now, anyone with a budget of $400,000 to $600,000 can occasionally find a single-family residence that meets their requirements. It’s not easy finding a lower-priced home that is well maintained and in good location. But these little gems do come along from time to time and they are snatched up rather quickly.
Don Kanare is a Realtor at RE/MAX Premier Properties Read his blog and weekly stats on his Incline Village Real Estate web site at www.InsideIncline.com
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