The prices in real estate in Incline Village, in the Nevada region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Incline Village has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $11,203. In the following month the price per sq.feet decreased to $10,281. The price for the following two months in (May, June) had a considerable decrease of 23 with regard to the prior two months. The price per sq.feet has had a considerable increase of 202 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $6,611.25 to $13,322.5 during July, and August.
Based upon to the price in Incline Village (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $2,132,519. In April This price remains at $2,072,490. During the following two months (May, June) the price has had an average incrementation from $2,102,504.5 to $2,225,844. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $2,164,174.25 and $2,086,832.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,251,832 they are 87 % more affordable than the average price for Incline Village. The properties with the lowest average price have 4 bedrooms, Their price is 29 % cheaper than the average. After that we have properties with 3 bedrooms priced at $958,547.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $502 / sq.feet, with an average $12,742 / sq.feet price in Incline Village. The properties with the lowest average prices have 2 bedrooms. They are 79 % cheaper than the average followed by properties with 3 bedrooms with a price at $2,366 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $2,251,832 it is 77 % cheaper than the average price in Incline Village. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $1,875,123 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $512 / sq.feet followed by "House" priced at $570 / sq.feet. "Townhouse" is the cheapest type of property with a $3,910 / sq.feet value followed by "Land" with an average price of $3,672 / sq.feet.