So far, all predictions hold true, as the start to 2018 shows increased interest in Nevada real estate. As Californians see increased taxes, residents look to relocate to tax-friendlier states. With no income tax and a plethora of corporate benefits, our neighboring state continues to draw interest from Californians seeking tax shelter.
In January 2018, sales volume of single-family homes in Incline Village & Crystal Bay was 14 units, up from 10 single-family homes sold in January 2017, for a growth of 40% year over year. Thirty-two homes are currently in pending status, versus 15 last year at this time, marking 113% growth. Currently there are 91 actively listed homes on the market in Incline Village & Crystal Bay, versus 103 that were listed in January 2017. And the median home price rises from $760K in January 2017 to $1.075M in January 2018.
If you are interested to learn the value of your Nevada home or are considering the move to Nevada, please call our office and we will be happy to discuss current market dynamics and our analysis of current real estate trends.
The below chart represents the month of January year over year.
