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MARKET REPÖRT I N C L I N E V I L L A G E , N E VA D A

2019

INCLINE VILLAGE


EXPERT INSIGHTS LOOKING AT 2019 Overall Incline Village Real Estate is down when comparing 2018 to 2019 year-over-year yet homes are selling faster, for more money and closer to the sales price when priced accurately. Total units sold is down 8% and volume is also down 5%. The average sales

OVERALL MARKET STATISTICS $1,318,829 AVERAGE SALES PRICE

price in Incline Village is up 4% and days on market is down 10% to approximately 174 days on market. As a vacation home market this is very strong.

174

AVERAGE DAYS ON MARKET

Total volume sold in 2019 reached $544,676,226 with a total of 414 properties represented. There were 172 properties sold over $1 Million and 242 properties sold under $1 Million. More often than not we are used to seeing the days on market for luxury properties at an extended time period. With only four lake front sales this year, down 43%, the highest priced home sale was

414

TOTAL UNITS SOLD

$544,676,226 TOTAL VOLUME SOLD

reported at $24,500,000 and sold in only 31 days after introduction to the market. The market has had very tight inventory for the past several years

98%

% LIST TO SALE

and with our strong economy it appears as if the real estate market will continue to hold strong for investments and future sales.years and with our strong economy it appears as if the real estate market

172

UNITS OVER $1M

will continue to hold strong for investments and future sales. Cheers to the start of 2020 - a new decade of Real Estate!

242

UNITS UNDER $1M


I NC L I N E V I L L AG E MARKET AREAS NO.1 LAKEVIEW

NO.6 UPPER TYNER

NO.11 CHAMPIONSHIP GOLF

NO.2 MILLCREEK

NO.7 JENNIFER

NO.12 EXECUTIVE GOLF

NO.3 PONDEROSA

NO.8 APOLLO

NO.13 SKI WAY

NO.4 CRYSTAL BAY

NO.9 CENTRAL

NO.14 EASTERN SLOPE

NO.5 LOWER TYNER

NO.10 THE WOODS

NO.8 NO.7

NO.6

NO.12

NO.14

NO.5 NO.11 NO.10 NO.3

NO.9

NO.13

NO.1

NO.2

NO.4

©2019 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principals of the Fair Housing Act. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing.

INCLINEVILLAGE.EVREALESTATE.COM


MARKET REPORT | 2019 YEAR-END

I NC L I N E V I L L AG E JANUARY - DECEMBER

2018

2019

% CHANGE

Median Sales Price

$5,710,000

$14,375,000

152%

Average Sold Price

$12,694,286

$14,600,000

15%

290

248

-14%

Highest Sold Price

$36,500,000

$24,500,000

-33%

Lowest Sold Price

$4,900,000

$5,150,000

5%

7

4

-43%

96%

92%

-3%

$88,860,000

$58,400,000

-34%

2018

2019

% CHANGE

Median Sales Price

$1,750,000

$2,150,000

23%

Average Sold Price

$1,825,556

$2,249,889

23%

215

136

-37%

Highest Sold Price

$3,050,000

$4,100,000

34%

Lowest Sold Price

$1,020,000

$1,385,000

36%

9

9

-

95%

95%

-

$16,430,000

$20,249,000

23%

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

JANUARY - DECEMBER

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

LAKEFRONT SINGLE FAMILY HOMES

15%

AVERAGE SOLD PRICE

LAKEFRONT CONDOMINIUMS

23%

AVERAGE SOLD PRICE

INCLINEVILLAGE.EVREALESTATE.COM


TA H O E D O N N E R

NON-LAKEFRONT SINGLE FAMILY HOMES

JANUARY - DECEMBER

2018

2019

% CHANGE

Median Sales Price

$1,355,000

$1,325,000

-2%

Average Sold Price

$1,592,542

$1,653,117

4%

172

181

5%

Highest Sold Price

$4,900,000

$11,500,000

135%

Lowest Sold Price

Average Days on Market

4%

AVERAGE SOLD PRICE

$399,000

$573,000

44%

Properties Sold

174

161

-7%

% Sold Price to Avg List Price

95%

96%

1%

$277,102,270

$266,151,806

-4%

2018

2019

% CHANGE

Median Sales Price

$540,000

$534,500

-1%

Average Sold Price

$559,397

$578,216

3%

112

100

-11%

Highest Sold Price

$2,500,000

$1,650,000

-34%

Lowest Sold Price

$165,000

$250,000

52%

Properties Sold

181

158

-13%

% Sold Price to Avg List Price

98%

98%

-

$101,250,786

$91,358,088

-10%

Total Dollar Volume

NON-LAKEFRONT CONDOMINIUMS

JANUARY - DECEMBER

Average Days on Market

3

%

AVERAGE SOLD PRICE

Total Dollar Volume

©2020 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principals of the Fair Housing Act. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing.

INCLINEVILLAGE.EVREALESTATE.COM


MARKET REPORT | 2019 YEAR-END

NN CL NR E SVUI L A IGTE DI O NIE MLM JANUARY - DECEMBER

2018

2019

% CHANGE

Median Sales Price

$1,550,000

$1,862,500

20%

Average Sold Price

$1,633,415

$1,948,500

19%

184

158

-14%

Highest Sold Price

$4,400,000

$3,500,000

-20%

Lowest Sold Price

$490,000

$675,000

38%

23

18

-22%

95%

98%

3%

$39,201,950

$35,073,000

-11%

2018

2019

% CHANGE

Median Sales Price

$1,419,000

$1,245,000

-12%

Average Sold Price

$1,964,190

$1,963,146

-

156

118

-24%

Highest Sold Price

$4,900,000

$11,600,000

137%

Lowest Sold Price

$489,000

$492,000

1%

29

24

-17%

96%

96%

-

$56,961,500

$47,115,500

-17%

2018

2019

% CHANGE

Median Sales Price

$1,585,000

$1,247,500

-21%

Average Sold Price

$1,521,607

$1,573,953

3%

196

258

32%

Highest Sold Price

$2,325,000

$3,095,000

33%

Lowest Sold Price

$585,000

$3,095,000

429%

14

16

14%

93%

95%

3%

$21,302,500

$25,183,250

18%

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

JANUARY - DECEMBER

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

JANUARY - DECEMBER

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

LAKEVIEW ALL PROPERTIES

19%

AVERAGE SOLD PRICE

MILL CREEK ALL PROPERTIES

0%

AVERAGE SOLD PRICE

PONDEROSA ALL PROPERTIES

3%

AVERAGE SOLD PRICE

INCLINEVILLAGE.EVREALESTATE.COM


CRYSTAL BAY ALL PROPERTIES

AVERAGE SOLD PRICE

26

%

AVERAGE SOLD PRICE

LOWER TYNER ALL PROPERTIES

27%

AVERAGE SOLD PRICE

UPPER TYNER ALL PROPERTIES

39%

AVERAGE SOLD PRICE

JANUARY - DECEMBER

2018

2019

% CHANGE

Median Sales Price

$1,412,200

$1,700,000

20%

Average Sold Price

$1,385,700

$1,746,600

26%

109

163

50%

Highest Sold Price

$2,500,000

$3,750,000

50%

Lowest Sold Price

$570,000

$625,000

10%

12

15

25%

96%

97%

1%

$16,628,400

$26,199,000

58%

2018

2019

% CHANGE

Median Sales Price

$1,175,000

$1,360,000

16%

Average Sold Price

$1,365,502

$1,730,658

27%

190

229

21%

Highest Sold Price

$3,525,000

$5,000,000

42%

Lowest Sold Price

$585,000

$385,000

-34%

33

19

-42%

96%

97%

1%

$45,061,570

$32,882,500

-27%

2018

2019

% CHANGE

Median Sales Price

$905,000

$1,475,000

63%

Average Sold Price

$1,135,692

$1,574,105

39%

161

120

-25%

Highest Sold Price

$2,510,000

$3,750,000

49%

Lowest Sold Price

$466,000

$614,000

32%

13

19

46%

95%

96%

1%

$14,764,000

$29,908,000

103%

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

JANUARY - DECEMBER

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

JANUARY - DECEMBER

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

©2020 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principals of the Fair Housing Act. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing.

INCLINEVILLAGE.EVREALESTATE.COM


MARKET REPORT | 2019 YEAR-END

I NC L I N E V I L L AG E JANUARY - DECEMBER

2018

2019

% CHANGE

Median Sales Price

$810,000

$898,500

11%

Average Sold Price

$997,609

$957,139

-4%

136

193

42%

Highest Sold Price

$2,250,000

$1,425,000

-37%

Lowest Sold Price

$592,500

$700,000

18%

17

18

6%

96%

96%

-

$16,959,350

$17,228,500

2%

2018

2019

% CHANGE

Median Sales Price

$1,262,500

$1,125,000

-11%

Average Sold Price

$1,364,500

$1,230,000

-10%

239

57

-76%

Highest Sold Price

$1,896,000

$1,570,000

-17%

Lowest Sold Price

$695,000

$995,000

43%

8

3

-63%

97%

99%

2%

$10,916,000

$3,690,000

-66%

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

JANUARY - DECEMBER

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

JENNIFER ALL PROPERTIES

-4%

AVERAGE SOLD PRICE

APOLLO ALL PROPERTIES

-10% AVERAGE SOLD PRICE

INCLINEVILLAGE.EVREALESTATE.COM


N O R T H S TA R AVERAGE SOLD PRICE

CENTRAL NORTH & SOUTH ALL PROPERTIES

18%

AVERAGE SOLD PRICE

THE WOODS ALL PROPERTIES

-9%

AVERAGE SOLD PRICE

JANUARY - DECEMBER

2018

2019

% CHANGE

Median Sales Price

$550,000

$570,500

4%

Average Sold Price

$568,594

$673,664

18%

95

92

-3%

Highest Sold Price

$1,387,500

$2,850,000

105%

Lowest Sold Price

$165,000

$250,000

52%

95

99

4%

98%

98%

-1%

$54,016,400

$66,692,700

23%

2018

2019

% CHANGE

Median Sales Price

$985,000

$842,500

-14%

Average Sold Price

$1,073,688

$976,950

-9%

127

134

6%

Highest Sold Price

$1,850,000

$2,900,000

57%

Lowest Sold Price

$410,000

$375,000

-9%

16

20

25%

94%

92%

-2%

$17,179,000

$19,539,000

14%

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

JANUARY - DECEMBER

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

©2020 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principals of the Fair Housing Act. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing.

INCLINEVILLAGE.EVREALESTATE.COM


MARKET REPORT | 2019 YEAR-END

I NC L I N E V I L L AG E JANUARY - DECEMBER

2018

2019

% CHANGE

Median Sales Price

$808,000

$940,444

16%

Average Sold Price

$1,110,932

$1,242,469

12%

118

161

36%

Highest Sold Price

$3,800,000

$3,300,000

-13%

Lowest Sold Price

$295,000

$437,500

48%

39

32

-18%

96%

95%

-1%

$43,326,336

$39,758,993

-8%

2018

2019

% CHANGE

Median Sales Price

$1,055,000

$949,000

-10%

Average Sold Price

$1,087,782

$1,038,478

-5%

194

109

-44%

Highest Sold Price

$2,400,000

$1,739,900

-28%

Lowest Sold Price

$354,000

$380,000

7%

34

28

-18%

98%

98%

-

$36,984,589

$30,115,858

-19%

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

JANUARY - DECEMBER

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

CHAMPIONSHIP GOLF COURSE ALL PROPERTIES

12%

AVERAGE SOLD PRICE

EXECUTIVE GOLF COURSE ALL PROPERTIES

-5%

AVERAGE SOLD PRICE

INCLINEVILLAGE.EVREALESTATE.COM


SKI WAY ALL PROPERTIES

JANUARY - DECEMBER

2018

2019

% CHANGE

Median Sales Price

$534,000

$487,500

-9%

Average Sold Price

$620,770

$604,652

-3%

140

128

-9%

Highest Sold Price

$1,550,000

$1,615,000

4%

Lowest Sold Price

$279,900

$315,000

13%

65

46

-29%

97%

97%

-

$40,350,050

$27,814,000

-31%

2018

2019

% CHANGE

Median Sales Price

$1,027,000

$1,135,000

11%

Average Sold Price

$1,548,614

$2,044,588

32%

209

125

-40%

Highest Sold Price

$3,870,000

$11,500,000

197%

Lowest Sold Price

$415,000

$560,000

35%

22

19

-14%

94%

97%

4%

$34,069,500

$38,847,175

14%

Average Days on Market

-3

%

AVERAGE SOLD PRICE

EASTERN SLOPE ALL PROPERTIES

32%

AVERAGE SOLD PRICE

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

JANUARY - DECEMBER

Average Days on Market

Properties Sold % Sold Price to Avg List Price Total Dollar Volume

©2020 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principals of the Fair Housing Act. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing.

INCLINEVILLAGE.EVREALESTATE.COM


L A K E TA H O E / R E N O MARKET AREAS 10 9

6

1

5 2 4 3

7

8

1. NORTH SHORE

6. INCLINE VILLAGE

2. TAHOE CITY

7. EAST SHORE

3. WEST SHORE

8. SOUTH LAKE

4. ALPINE MEADOWS

9. TRUCKEE-TAHOE DONNER

5. SQUAW VALLEY

10. RENO


Our shop

ENGEL & Vร–LKERS INCLINE VILLAGE Here at Engel & Vรถlkers Incline VIllage you will find an experienced team of professional real estate agents. Whatever your requirements, a member of our local team will be happy to assist you. Our promise remains to develop a portfolio of luxury properties and offer investors and home buyers a quality of service unsurpassed by its competitors. It is this commitment to both impeccably high standards and attention to detail that is the driving force behind our success. Real Estate is a people business and Engel & Vรถlkers Incline VIllage real estate agents are among the most experienced and respected in North America, with production measured in billions of dollars over thousands of transactions. Our team possesses unrivaled market knowledge, a collaborative passion, and a love of life in the Incline VIllage area. They are supported by a superb, dedicated staff and industry leading management, committed to excellence. We invite you to explore our services and look forward to working with you.

INCLINE VILLAGE


LIFE’S TAKING YOU PLACES. WE’LL HELP YOU GET THERE. INCLINE VILL AGE 214 Village Boulevard Incline Village, Nevada, 89451 +1 775 548 5110 inclinevillage.evrealestate.com

Lake Tahoe Area Shops L AKE TAHOE 210 Elks Point Rd. #102 Zephyr Cove, Nevada, 89448 +1 775 588 7710 laketahoe.evrealestate.com TRUCKEE 10091 Donner Pass Road Truckee, California, 96161 +1 530 562 9210 truckee.evrealestate.com TRUCKEE - DONNER 10770 Donner Pass Rd #205, Truckee, California 96161 +1 530 582 8103 eldergrouptahoerealestate.com RENO 203 S Arlington Avenue Reno, Nevada, 89501 +1 775 470 5937 reno.evrealestate.com

©2020 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principals of the Fair Housing Act. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing.

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Engel & Völkers Incline Village 2019 Year-End Market Report  

Engel & Völkers 2019 year-end report for Incline Village, Nevada

Engel & Völkers Incline Village 2019 Year-End Market Report  

Engel & Völkers 2019 year-end report for Incline Village, Nevada

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