Market Statistics and MLS Information – Incline Village, Lake Tahoe Feb. 2010

MLS Update February 2010

New Listings

• Single Family Homes– Out of the four new listings three were previously on the market and  back on with much needed price reductions. The First time new listing is  555 Knotty Pine  and worth a look. As spring approaches we will see an increase in inventory and more price reductions on the homes still on the market who will need to stay competitive with the new inventory.

• Condos– One new listing at 1000 Lakeshore, larger floorplan priced under $700,000.  Looking for a short sale  this 2 bed 2 bath at 836 Southwood is a value at $238,000.
• Lots and Land
• PUD’s- no changes

Price Changes

• Single Family Home Price Reductions
• Condo Price Reductions

Under Contract (Escrow)

• Residential Listings Currently Under Contract
• Condo Listings Currenly Under Contract
• Planned Unit Developments (PUDs) Currently Under Contract

Lakeshore Realty PUD Under Contract

300 Glen Way – “The Reserve”

Sold

• Single Family Homes Sold in 2010
• Condos Sold in 2010
• Planned Unit Developments (PUDs) Sold in 2010