Mid-Year 2020 Market Update

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Mid-Year, 2020 Incline Village & Crystal Bay Real Estate Market

Is 2020 going to be the best year ever in terms of the real estate market?
The current real estate trends say it should be! 

If you are staying on top of what is happening in the Incline Village & Crystal Bay market, then you know now is one of the best times in recent history for residential real estate! 

July 7 and 8, 2020 CNBC reported:

  • Mortgage rates have hit a new low…
  • Home buyer mortgage demand spikes 33%…
  • Home buyers are rushing back into the market…
  • Suburbs outside major cities are in high demand…

Year over Year Jan-June, 2020 statistics MLS reported:

  • The number of units listed for sale is down -42%
  • The number of units in escrow is up +302%
  • The number of units sold is down -7%

Buyers are flocking to Incline Village & Crystal Bay, causing the real estate market to soar with 116 escrows open as of June 30th, and this speaks volumes for the demand for Incline Village & Crystal Bay property. With many adapting to the new work/life conditions, it’s not surprising that forward-thinking buyers are attracted to the mountain lifestyle. The prospect of working remotely while enjoying world-class amenities right from your doorsteps has a broad appeal and will continue to bolster the Incline Village & Crystal Bay real estate for the foreseeable future. 

Incline Village & Crystal Bay Market Reports