As of May 3, 2011
Total number of homes under contract equal 13 listings.
7 out of the 13 are Bank ListingsÂ
Bed Bath  sq. ft.                   List price(LP) LP/SqFt
High        4     4   3,148                     $1,300,000  $509.01
Low        3      2    1560                     $400,000      $154.44
Average   3      2    2480                      $750,571     $302.20
Median      4     3   2590                      $635,000    $300.64
6 out of the 13 are contingent sales
HIGHÂ $3,675,000Â Â Â Â Â Median $2,695,000Â Â Â Â Â Â Â Â Â Â Low $$415,000
The bank forclosures and short sales are impacting our market at all price points.
One Example is a property listed on the Eastern slope which started out in 08/29/07 at $6,500,000 and recently sold through a bank for $2,620,000. Not all price reductions are as extreme but regardless the point is, bank owned sales are impacting prices.
As a seller information and a trusting agent is your lifeline to selling. Setting a price and telling an agent, “this is what I need to get out of the sale” and not taking into account market conditions… is a foolish venture and a waste of money and time.
Lakeshore Agents are all experienced, successful and ethically driven professionals who all possess the key element to success “Listening”.Â
Please stop by and take a look at our remodeled office at 954 Lakeshore Blvd., Incline village
We are proud to welcome Diane Brown and Phyillis Hollander- both exceptional agents who have joined our Office.
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