The State of the Real Estate Market

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Year End 2019 Market Trends

Year End 2019

The Incline Village and Crystal Bay Incline Village & Crystal Bay real estate 2019 housing market saw a decrease in the number of sales and total sales volume for each category of housing, which includes single-family homes, planned unit developments, and condominiums. For the first time in 5 years, the median sales price for single-family homes saw a 1% decrease, conversely, median sales prices for PUD’s and condos continued to grow year over year.

  • Single-Family Homes median sales price $1,399,000 (1% decrease from 2018) number of sales 168 (7.8% decrease from 2018) total sales volume $345,201,806 (12.9% decrease from 2018)
  • Planned Unit Developments (PUD’s) median sales price $1,240,000 (31.6% increase from 2018) number of sales 55 (11.2% decrease from 2018) total sales volume $61,887,582 (2.6% decrease from 2018)
  • Condominiums median sales price $560,000 (2.7% increase from 2018) number of sales 102 (12.8% decrease from 2018) total sales volume $111,607,088 (5.1% decrease from 2018)

2019 Market Reports

Go to: Residential, Condos, PUD’s, Lots & Land, Archives


2018 End of Year Report

Single Family Homes | Real Estate Market Report

Year over year single-family home sales declined from 7% followed by a slight 1% decrease in median sales prices from $1,419,000 in 2018 to $1,399,000 in 2019. The most noticeable drop can be seen with the total sales volume which saw a 12% decrease from last year. 

2018 End of Year Report

Condos | Real Estate Market Report

Following single-family homes and PUD trends, year over year, condos saw a 12% decline in sales. The median sales price rose 2.7% from $545,000 to $560,000. The total sales volume saw a modest decline of 5% compared to last year. 

2018 End of Year Report

PUD | Real Estate Market Report

Similar to single-family homes, planned unit developments (PUD’s) saw an 11% decline in sales from 2018 to 2019. However, the median sales price rose a staggering 31% from $941,750 in 2018 to $1,240,000 in 2019. The total sales volume for PUD’s declined by 2%. 

2018 End of Year Report

Lots & Land | Real Estate Market Report

Since Incline Village was first developed, the availability of vacant land or buildable lots has been increasingly limited year after year. The natural terrain and existence of federal forest service lots that will not be sold or built has capped the availability of land that exists for development. The vast majority of buildable land has already been developed, leaving very little inventory of buildable lots to be sold. Those that remain are likely to have some sort of building challenges as they would likely have been developed by now if not.

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