Incline Village Real Estate 2021 | Q3 Market Report

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MARKET REPORT INCLINE VILLAGE Q3 MARKET REPORT

W W W.R EMA XGO LD.COM


INCLINE VILLAGE INCLINE VILLAGE REAL ESTATE

Q3 OVERALL MARKET BREAKDOWN $2,250,000

M ED I A N SA LES P R I C E

58

AVE RAGE DAY S O N MA R K ET

47

TOTA L UNITS SO LD

$143,574,000 TOTA L VO LUME SO LD

98.7%

% LI ST TO SA LE

38

U N I TS OV ER 1M

2

U NI TS UN D ER 1M

MARKET AREAS


MA R K ET

LAKEFRONT S I N G L E FA M I LY H O M E

R EPOR T

JA N UA R Y - S E P T E M B E R

RE P O R T

$ 2 5 ,3 7 0 ,5 9 4

179%

$ 1 1 ,5 9 9 ,8 1 8

$ 2 3 ,7 3 4 ,1 1 9

106%

318

607

91%

AVERAG E DAYS ON MARK ET

HIGHES T S O L D P R IC E

$ 2 7 ,5 0 0 ,0 0 0

$ 3 2 ,5 0 0 ,0 0 0

18%

LOWES T S O L D P R IC E

$ 5 ,8 5 0 ,,0 0 0

$ 7 ,3 0 0 ,0 0 0

11

|

-

SE P T.

2021

%

$1,420,000

$2,000,000

41%

AVERAG E S OLD PRI CE

$1,841,730

$2,558,643

39%

158

71

- 55%

HI G HES T S OLD PRI CE

$7,140,000

$14,350,000

101%

25%

LOWES T S OLD PRI CE

$475,000

$550,000

16%

5

- 55%

PROPER TI ES S OLD

239

178

- 26%

98%

95%

- 3%

% S OLD PRI CE TO AVG LI S T PRI CE

96%

99%

3%

$ 1 2 7 ,5 9 8 ,0 0 0

$ 1 1 8 ,6 7 0 ,5 9 4

- 7%

TOTAL DOLLAR VOLUME

$440,173,416

$455,438,409

3%

2020

2021

2020

2021

MED IAN S AL ES P R IC E

$ 2 ,0 0 0 ,0 0 0

$ 2 ,9 7 5 ,0 0 0

49%

MEDI AN S ALES PRI CE

$600,000

$767,500

28%

AVERAGE S OL D P R IC E

$ 2 ,2 3 4 ,0 9 1

$ 3 ,1 9 4 ,4 4 4

43%

AVERAG E S OLD PRI CE

$701,668

$874,267

25%

150

71

- 53%

AVERAG E DAYS ON MARK ET

112

60

- 46%

HIGHES T S O L D P R IC E

$ 4 ,4 2 5 ,0 0 0

$ 7 ,1 0 0 ,0 0 0

60%

HI G HES T S OLD PRI CE

$2,212,500

$2,625,000

19%

LOWES T S O L D P R IC E

$ 9 5 0 ,0 0 0

$ 1 ,8 0 0 ,0 0 0

89%

LOWES T S OLD PRI CE

$265,000

$360,000

36%

11

9

- 18%

PROPER TI ES S OLD

168

150

- 11%

97%

96%

- 1%

% S OLD PRI CE TO AVG LI S T PRI CE

98%

101%

3%

$ 2 4 ,5 7 5 ,0 0 0

$ 2 8 ,7 5 0 ,0 0 0

17%

TOTAL DOLLAR VOLUME

$117,880,188

$131,140,087

11%

% S OL D PRICE TO AVG L IST P R IC E

JA N UA R Y - S E P T E M B E R

% S OL D PRICE TO AVG L IST P R IC E TOTAL D OL L AR VO LU ME

CHANGE

% CHANGE

JA N UA R Y - S E P T E M B E R

JA N.

MEDI AN S ALES PRI CE

PROPER TIES S OL D AVERAGE SOLD PRICE

%

MA RK E T

$ 9 ,1 0 0 ,0 0 0

MED IAN S AL ES PR IC E

AVERAGE DAYS O N MAR K E T

+37%

2021

2021

TOTAL D OL L AR VO LUME

CONDOMINIUMS

S EPT.

2020

PROPER TIES S OL D

LAKEFRONT

-

2021

AVERAGE DAYS O N MAR K E T

AVERAGE SOLD PRICE

JAN.

2020

AVERAGE S OL D P R IC E

+106%

|

JA N UA R Y - S E P T E M B E R

CHANGE

% CHANGE

LIVE

LO C A L LY.

S E LL

LO C A L LY.

NON-LAKEFRONT S I N G L E FA M I LY H O M E

+39% AVERAGE SOLD PRICE

NON-LAKEFRONT CONDOMINIUMS

+25% AVERAGE SOLD PRICE

W W W. R E M A X G O L D. C O M


MA R K ET

LAKEVIEW ALL PROPERTIES

R EPOR T

JA N UA R Y - S E P T E M B E R

ALL PROPERTIES

%

MED IAN S AL ES PR IC E

$ 2 ,6 2 0 ,0 0 0

$ 5 ,5 4 3 ,8 5 5

112%

AVERAGE S OL D P R IC E

$ 2 ,6 5 2 ,3 0 4

$ 5 ,6 9 8 ,6 7 1

180

HIGHES T S O L D P R IC E LOWES T S O L D P R IC E

MA RK E T

RE P O R T

|

-

SE P T.

2021

%

$1,235,000

$2,362,500

91%

115%

AVERAG E S OLD PRI CE

$1,587,375

$2,482,321

56%

118

- 34%

AVERAG E DAYS ON MARK ET

292

74

- 75%

$ 5 ,2 5 0 ,0 0 0

$ 1 1 ,5 0 0 ,0 0 0

119%

HI G HES T S OLD PRI CE

$4,175,000

$5,200,000

25%

$ 9 9 8 ,0 0 0

$ 2 .6 5 0 ,0 0 0

166%

LOWES T S OLD PRI CE

$665,000

$1,155,000

74%

21

10

- 52%

PROPER TI ES S OLD

16

14

- 13%

96%

96%

0%

% S OLD PRI CE TO AVG LI S T PRI CE

90%

98%

8%

$ 5 5 ,6 9 8 ,3 7 6

$ 5 6 ,9 8 6 ,7 0 9

2%

TOTAL DOLLAR VOLUME

$25,398,000

$34,752,500

37%

2020

2021

2020

2021

MED IAN S AL ES P R IC E

$ 2 ,7 7 5 ,0 0 0

$ 2 ,6 0 0 ,0 0 0

- 6%

MEDI AN S ALES PRI CE

$4,325,000

$2,250,000

- 48%

AVERAGE S OL D P R IC E

$ 3 ,2 0 2 ,6 4 3

$ 4 ,0 0 0 ,6 6 7

25%

AVERAG E S OLD PRI CE

$6,276,458

$10,636,766

69%

207

67

- 68%

AVERAG E DAYS ON MARK ET

349

354

1%

HIGHES T S O L D P R IC E

$ 7 ,1 4 0 ,0 0 0

$ 1 4 ,3 5 0 ,0 0 0

101%

HI G HES T S OLD PRI CE

$24,850,000

$31,500,000

27%

LOWES T S O L D P R IC E

$ 1 ,2 0 0 ,0 0 0

$ 1 ,4 0 0 ,0 0 0

17%

LOWES T S OLD PRI CE

$670,000

$1,090,000

63%

21

15

- 29%

PROPER TI ES S OLD

12

6

- 50%

97%

98%

1%

98%

99%

1%

$ 6 7 ,2 5 5 ,5 0 0

$ 6 0 ,0 1 0 ,0 0 0

- 11%

$75,317,500

$63,820,594

- 15%

% S OL D PRICE TO AVG L IST P R IC E

JA N UA R Y - S E P T E M B E R

% S OL D PRICE TO AVG L IST P R IC E TOTAL D OL L AR VO LU ME

CHANGE

% CHANGE

JA N UA R Y - S E P T E M B E R

JA N.

MEDI AN S ALES PRI CE

PROPER TIES S OL D AVERAGE SOLD PRICE

2021

2021

AVERAGE DAYS O N MAR K E T

+25%

S EPT.

2020

TOTAL D OL L AR VO LUME

MILL CREEK

-

2021

PROPER TIES S OL D AVERAGE SOLD PRICE

JAN.

2020

AVERAGE DAYS O N MAR K E T

+115%

|

JA N UA R Y - S E P T E M B E R

% S OLD PRI CE TO AVG LI S T PRI CE TOTAL DOLLAR VOLUME

CHANGE

% CHANGE

LIVE

LO C A L LY.

S E LL

LO C A L LY.

PONDEROSA ALL PROPERTIES

+56% AVERAGE SOLD PRICE

CRYSTAL BAY ALL PROPERTIES

+69% AVERAGE SOLD PRICE

W W W. R E M A X G O L D. C O M


MA R K ET

LOWER TYNER ALL PROPERTIES

R EPOR T

JA N UA R Y - S E P T E M B E R

ALL PROPERTIES

%

MED IAN S AL ES PR IC E

$ 1 ,4 7 0 ,0 0 0

$ 2 ,0 5 0 ,0 0 0

39%

AVERAGE S OL D P R IC E

$ 1 ,8 8 3 ,1 0 5

$ 2 ,3 0 7 ,5 0 0

157

HIGHES T S O L D P R IC E LOWES T S O L D P R IC E

MA RK E T

RE P O R T

|

-

SE P T.

2021

%

$1,300,000

$1,600,000

23%

23%

AVERAG E S OLD PRI CE

$1,270,940

$2,316,412

82%

66

- 58%

AVERAG E DAYS ON MARK ET

109

80

- 27%

$ 3 ,9 0 0 ,0 0 0

$ 5 ,7 2 5 ,0 0 0

47%

HI G HES T S OLD PRI CE

$2,580,000

$11,500,000

346%

$ 8 3 0 ,0 0 0

$ 8 7 8 ,0 0 0

6%

LOWES T S OLD PRI CE

$648,000

$1,100,000

70%

19

25

32%

25

17

- 32%

98%

100%

2%

98%

99%

1%

$ 3 5 ,7 7 9 ,0 0 0

$ 5 7 ,6 8 7 ,5 0 0

61%

$31,773,500

$39,379,000

24%

2020

2021

2020

2021

MED IAN S AL ES P R IC E

$ 1 ,1 8 5 ,0 0 0

$ 1 ,8 9 9 ,7 5 0

60%

MEDI AN S ALES PRI CE

$1,085,000

$1,945,500

79%

AVERAGE S OL D P R IC E

$ 1 ,6 6 8 ,5 0 0

$ 2 ,0 6 1 ,5 0 0

24%

AVERAG E S OLD PRI CE

$1,016,143

$1,855,250

83%

164

59

- 64%

AVERAG E DAYS ON MARK ET

67

46

- 31%

HIGHES T S O L D P R IC E

$ 5 ,7 0 0 ,0 0 0

$ 4 ,0 0 0 ,0 0 0

- 30%

HI G HES T S OLD PRI CE

$1,425,000

$2,650,000

86%

LOWES T S O L D P R IC E

$ 6 8 9 ,0 0 0

$ 1 ,0 8 0 ,0 0 0

57%

LOWES T S OLD PRI CE

$704,000

$880,000

25%

12

8

- 33%

PROPER TI ES S OLD

7

4

- 43%

97%

104%

7%

97%

98%

1%

$ 2 0 ,0 2 2 ,0 0 0

$ 1 6 ,4 9 2 ,0 0 0

- 18%

$7,113,000

$7,421,000

4%

% S OL D PRICE TO AVG L IST P R IC E

JA N UA R Y - S E P T E M B E R

% S OL D PRICE TO AVG L IST P R IC E TOTAL D OL L AR VO LU ME

CHANGE

% CHANGE

JA N UA R Y - S E P T E M B E R

JA N.

MEDI AN S ALES PRI CE

PROPER TIES S OL D AVERAGE SOLD PRICE

2021

2021

AVERAGE DAYS O N MAR K E T

+24%

S EPT.

2020

TOTAL D OL L AR VO LUME

UPPER TYNER

-

2021

PROPER TIES S OL D AVERAGE SOLD PRICE

JAN.

2020

AVERAGE DAYS O N MAR K E T

+23%

|

PROPER TI ES S OLD % S OLD PRI CE TO AVG LI S T PRI CE TOTAL DOLLAR VOLUME

JA N UA R Y - S E P T E M B E R

% S OLD PRI CE TO AVG LI S T PRI CE TOTAL DOLLAR VOLUME

CHANGE

% CHANGE

LIVE

LO C A L LY.

S E LL

LO C A L LY.

JENNIFER ALL PROPERTIES

+82% AVERAGE SOLD PRICE

APOLLO ALL PROPERTIES

+83% AVERAGE SOLD PRICE

W W W. R E M A X G O L D. C O M


MA R K ET

CENTRAL NORTH & SOUTH

ALL PROPERTIES

R EPOR T

JA N UA R Y - S E P T E M B E R

ALL PROPERTIES

%

MED IAN S AL ES PR IC E

$ 1 ,4 0 0 ,0 0 0

$ 1 ,5 4 7 ,5 0 0

11%

AVERAGE S OL D P R IC E

$ 1 ,7 4 9 ,1 5 4

$ 1 ,5 2 2 ,5 0 0

75

HIGHES T S O L D P R IC E LOWES T S O L D P R IC E

MA RK E T

RE P O R T

|

-

SE P T.

2021

%

$1,860,000

$1,075,000

- 42%

- 13%

AVERAG E S OLD PRI CE

$1,924,786

$1,866,210

- 3%

51

- 32%

AVERAG E DAYS ON MARK ET

177

67

- 62%

$ 5 ,0 0 0 ,0 0 0

$ 1 ,7 9 5 ,0 0 0

- 64%

HI G HES T S OLD PRI CE

$5,300,000

$4,100,000

- 23%

$ 8 8 0 ,0 0 0

$ 1 ,2 0 0 ,0 0 0

36%

LOWES T S OLD PRI CE

$485,000

$675,000

39%

13

4

- 69%

PROPER TI ES S OLD

21

20

- 5%

98%

97%

- 1%

96%

99%

3%

$ 2 2 ,7 3 9 ,0 0 0

$ 6 ,0 9 0 ,0 0 0

- 73%

$40,420,500

$37,324,200

- 8%

2020

2021

2020

2021

$ 8 9 5 ,0 0 0

$ 1 ,9 2 0 ,0 0 0

115%

MEDI AN S ALES PRI CE

$1,525,000

$1,475,000

- 3%

$ 1 ,2 3 6 ,1 1 4

$ 2 ,2 4 9 ,7 6 2

82%

AVERAG E S OLD PRI CE

$1,384,286

$1,687,179

22%

97

58

- 40%

AVERAG E DAYS ON MARK ET

160

60

- 63%

HIGHES T S O L D P R IC E

$ 2 ,9 5 0 ,0 0 0

$ 5 ,9 8 5 ,0 0 0

103%

HI G HES T S OLD PRI CE

$1,950,000

$3,300,000

69%

LOWES T S O L D P R IC E

$ 5 1 5 ,0 0 0

$ 5 5 0 ,0 0 0

7%

LOWES T S OLD PRI CE

$540,000

$567,500

5%

17

21

- 24%

14

14

0%

99%

99%

0%

98%

100%

1%

$ 2 1 ,0 1 3 ,9 4 0

$ 4 7 ,2 4 5 ,0 0 0

125%

$19,380,000

$23,620,500

22%

% S OL D PRICE TO AVG L IST P R IC E

JA N UA R Y - S E P T E M B E R MED IAN S AL ES P R IC E

PROPER TIES S OL D % S OL D PRICE TO AVG L IST P R IC E TOTAL D OL L AR VO LU ME

CHANGE

% CHANGE

JA N UA R Y - S E P T E M B E R

JA N.

MEDI AN S ALES PRI CE

AVERAGE DAYS O N MAR K E T

AVERAGE SOLD PRICE

2021

2021

AVERAGE S OL D P R IC E

+82%

S EPT.

2020

TOTAL D OL L AR VO LUME

THE WOODS

-

2021

PROPER TIES S OL D AVERAGE SOLD PRICE

JAN.

2020

AVERAGE DAYS O N MAR K E T

-13%

|

% S OLD PRI CE TO AVG LI S T PRI CE TOTAL DOLLAR VOLUME

JA N UA R Y - S E P T E M B E R

PROPER TI ES S OLD % S OLD PRI CE TO AVG LI S T PRI CE TOTAL DOLLAR VOLUME

CHANGE

% CHANGE

LIVE

LO C A L LY.

S E LL

LO C A L LY.

CHAMPIONSHIP GOLF COURSE ALL PROPERTIES

-3% AVERAGE SOLD PRICE

MOUNTAIN

GOLF COURSE ALL PROPERTIES

22% AVERAGE SOLD PRICE

W W W. R E M A X G O L D. C O M


MA R K ET

SKI WAY ALL PROPERTIES

R EPOR T

JA N UA R Y - S E P T E M B E R

-

S EPT.

2021

%

MA RK E T

RE P O R T

|

JA N.

MED IAN S AL ES PR IC E

$ 6 8 7 ,5 0 0

$ 1 ,0 7 1 ,5 0 0

56%

AVERAGE S OL D P R IC E

$ 7 9 2 ,3 5 5

$ 1 ,2 1 3 ,0 0 0

53%

127

57

- 55%

MEDIAN

2018

HIGHES T S O L D P R IC E

$ 1 ,6 0 0 ,0 0 0

$ 2 ,1 0 0 ,0 0 0

31%

PRICE

2019

LOWES T S O L D P R IC E

$ 4 7 5 ,0 0 0

$ 7 5 5 ,0 0 0

59%

J A N - S E P T.

2020

20

8

- 60%

97%

105%

8%

$ 1 5 ,8 4 7 ,1 0 0

$ 9 ,7 0 4 ,0 0 0

- 39%

% S OL D PRICE TO AVG L IST P R IC E TOTAL D OL L AR VO LUME

-

JA N UA R Y - S E P T E M B E R

ALL PROPERTIES

+50%

2021

MED IAN S AL ES P R IC E

$ 1 ,3 8 0 ,0 0 0

$ 2 ,6 5 0 ,0 0 0

92%

AVERAGE S OL D P R IC E

$ 2 ,4 6 9 ,1 1 1

$ 3 ,6 9 8 ,2 8 6

50%

154

112

- 27%

HIGHES T S O L D P R IC E

$ 6 ,9 0 0 ,0 0 0

$ 1 0 ,0 0 0 ,0 0 0

45%

LOWES T S O L D P R IC E

$ 8 3 0 ,0 0 0

$ 1 ,0 8 0 ,0 0 0

30%

27

14

- 48%

95%

99%

4%

$ 6 6 ,6 6 6 ,0 0 0

$ 5 1 ,7 7 6 ,0 0 0

- 22%

PROPER TIES S OL D AVERAGE SOLD PRICE

%

2020

AVERAGE DAYS O N MAR K E T

% S OL D PRICE TO AVG L IST P R IC E TOTAL D OL L AR VO LU ME

2021

LIVE

LO C A L LY.

S E LL

LO C A L LY.

CHANGE

2017

$1,059,500 $1,240,000 $1,300,000 $1,425,000

2021

$2,000,000

2017

EASTERN SLOPE

SE P T.

I N C L I N E V I L L A G E & C R Y S TA L B AY | 5 Y E A R C O M P A R I S O N

2021

PROPER TIES S OL D AVERAGE SOLD PRICE

JAN.

2020

AVERAGE DAYS O N MAR K E T

+53%

|

CHANGE

PROPERTIES

2018

SOLD

2019

J A N - S E P T.

2020

166 193 170 250

2021

JA N UA R Y - J U N E MEDI AN PRI CE PROPER TI ES S OLD

183

2017

2018

2019

2020

2021

$1, 059, 500

$1, 240, 000

$1, 300, 00 0

$1,425,000

$2,000,000

166

193

170

250

183

W W W. R E M A X G O L D. C O M


M A R K ET

R EPOR T

|

JAN.

-

S EPT.

2021

MA RK E T

RE P O R T

|

JA N.

-

SE P T.

2021

LIVE

LO C A L LY.

S E LL

LO C A L LY.

ABOUT INCLINE VILLAGE

ABOUT OUR TEAM

Incline Village, located on the North Shore of Lake Tahoe, is a unique area boasting spectacular homes, exceptional amenities available to residents, and Nevada tax benefits.

The Inside Incline Team has been working and playing in the Lake Tahoe region for 15

The Incline Village General Improvement District, commonly referred to as IVGID, is a quasi-public agency and a fiscally responsible community partner which provides superior utility services and community-oriented recreation programs and facilities. As an Incline Village resident, you have access to two private gorgeous sandy beaches with park facilities, a state-of-the-art recreation center that includes an olympic-sized swimming pool, basketball courts, tennis courts, pickle ball, a pro-shop, and a cafe. Group fitness classes are offered year-round.

cooperation with colleagues, and ability to get the most complicated deals across

There are two distinct Robert Trent Jones Jr. designed golf courses including the award-winning Championship Golf Course. In the winter, ski Diamond Peak Ski Resort, in your back yard. Or, enjoy the nearby Mt. Rose - Ski Tahoe, Northstar California, Squaw Valley, Alpine Meadows, or Homewood Mountain Resort, all within 15 - 40 minutes drive. We have a plethora of small mom and pop shops and resturants in town and plenty of local activities to keep you busy all year! We have three public schools: Incline Elementary, Incline Middle and Incline High School. Incline is also home to Nevada’s only four-year private university, Sierra Nevada University ( Go Eagles!) and the North Shore’s only private K-8th School, Lake Taheo School. Go Bobcats! Nevada tax benefits include no personal income tax, no corporate income tax, no gross receipts tax, no franchise tax, no inventory tax, no tax on issuance of corporate shares, no requirements of shareholders & directors to live in Nevada, no tax on sale or transfer of shares, no succession or inheritance with IRS, no sharing of information with IRS, and low property taxes.

years, and thus, is recognized collectively as a go-to resource for its local expertise, the finish line. Founding members Don Kanare and Sabrina Belleci have built a team of hard-working, industry-savvy agents and staff to help them deliver an exceptional level of service to their buyers and sellers, and those referred to them. With the ability to cover every mile of shoreline around Lake Tahoe, there is no market need they are unable to address. All team members leverage the latest in web technologies to market listings and serve clients yet remain dedicated to time-honored networking and local connections as effective sources of business.

#1

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INDEPENDENTLY

RE/MAX FRANCHISE IN THE WORLD

OWNED RESIDEN TIAL

REAL ESTATE COM-

N E A R LY

200,000 CLOSED TRANSACTIONS, INCLUDES OVER 16,5000 FAMILIES SERVED IN 2019

107 OFFICES | 31 COUNTIES | 280 + AGENTS


WWW.REMAXGOLD.COM OFFICE: 775-831-2420

@ INSIDEINCLINE

9 2 3 Ta h o e B l v d . 1 0 1 | I n c l i n e V i l l a g e , N V 8 9 4 5 1 S e r v ifince g Inde C apl iendent f o r n il ay Owned a n d and NeO v a dp erated a.

* Each Of

N V B . 1 0 0 1 9 2 9 LT D

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