Let’s take a look at what’s happening with our local Real Estate Market.

2018 is turning out to be a great year for our local real estate market. We are still experiencing a Sellers’ Market, which makes this year yet another incredible year if you are considering selling.

This year also continues to be a great one for buyers nationwide, with our economy still booming, an all-time low unemployment rate of 4% and interest rates that continue to stay under 5%.

July has always been one of our biggest months when it comes to sales volume, and this trend will continue as we already have 31 properties in escrow as of July 8.

Waiting to buy may cost you thousands as we continue to witness home price increases in all price categories. In the chart below you will be able to see the monthly percentage increase by price range in the Incline Village/Crystal Bay area.

Single Family Homes/Townhomes

Month

# Sales

2018

Median Sales Price

# Sales

2017

 Median Sales Price

# Sales

2016

Median Sales Price

January

15

$1,100,000

11

$720,000

13

$925,000

February

14

$1,220,000

6

$827,500

16

$1,155,000

March

20

$1,125,000

16

$1,053,250

11

$812,500

April

19

$1,290,000

13

$1,090,000

15

$1,081,000

May

21

$1,579,000

16

$1,520,000

19

$1,023,000

June

19

$1,195,000

22

$1,264,000

19

$1,060,000