Incline Village Best Buy List
September 1st, 2014
Incline Village Best Buy List Residential
110 Country Club Drive 路 Suite 100 路 Incline Village 路 NV 路 89450
Incline Village Best Buy List Residential
110 Country Club Drive 路 Suite 100 路 Incline Village 路 NV 路 89450
Incline Village Best Buy List Residential
110 Country Club Drive 路 Suite 100 路 Incline Village 路 NV 路 89450
Incline Village Best Buy List Condominium
110 Country Club Drive 路 Suite 100 路 Incline Village 路 NV 路 89450
Incline Village Best Buy List Freestanding PUD
110 Country Club Drive 路 Suite 100 路 Incline Village 路 NV 路 89450
Monday September 1, 2014
Sierra Nevada Properties Executive Summary
INCLINE VILLAGE, NV Condos - Townhomes
This Week
Real-Time Market Profile Median List Price Asking Price Per Square Foot Average Days on Market (DOM) Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms
The median list price in INCLINE VILLAGE, NV this week is $438,000. Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market.
Market Action Index
Supply and Demand Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
±+
No change
Trend $ 438,000 $ 298 47 26 % 5% 0% 1416 3.0 2.0
Buyer's Advantage
25.6
±+ =
==
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
Prices are climbing and we're nearing the market's all time high. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Square Feet
Beds
Baths
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Age Inventory New Absorbed DOM
Top/First
$ 969,500
2131
3.0
3.0
32
26
0
1
63
Most expensive 25% of properties
Upper/Second
$ 478,000
1455
2.0
2.0
28
26
4
1
35
Upper-middle 25% of properties
Lower/Third
$ 369,950
1346
3.0
2.0
42
26
2
3
43
Lower-middle 25% of properties
Bottom/Fourth
$ 315,000
1280
3.0
2.0
43
27
2
0
46
Least expensive 25% of properties
Sierra Nevada Properties | (775) 689-8228 | www.snphomes.com
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC
Monday September 1, 2014
Sierra Nevada Properties Executive Summary
INCLINE VILLAGE, NV Single Family Homes
This Week The median list price in INCLINE VILLAGE, NV 89451 this week is $1,195,000. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Real-Time Market Profile
Trend
Median List Price $ 1,195,000 Asking Price Per Square Foot $ 412 Average Days on Market (DOM) 109 Percent of Properties with Price Decrease 29 % Percent Relisted (reset DOM) 10 % Percent Flip (price increased) 3% Median House Size (sq ft) 2883 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0
≠≠ ±+ =
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
±+
No change
3.0
Buyer's Advantage
23.0
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 2,997,250
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
4986
0.50 - 1.0 acre
5.0
5.0
24
40
2
0
177
Most expensive 25% of properties
$ 1,500,000
3264
0.25 - 0.50 acre
4.0
4.0
30
41
6
2
102
Upper-middle 25% of properties
Lower/Third
$ 949,000
2646
0.25 - 0.50 acre
4.0
3.0
31
41
2
1
78
Lower-middle 25% of properties
Bottom/Fourth
$ 579,000
1734
0.25 - 0.50 acre
3.0
2.0
37
41
6
0
80
Least expensive 25% of properties
Sierra Nevada Properties | (775) 689-8228 | www.snphomes.com
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC