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    Incline Village Property Inventory Declines
    by Mark Buergin


    With the media forecasting a further decline in housing prices and large numbers of listings saturating some markets, Incline Village stands apart. In the past 30 days, fewer new listings have entered the market and prices are holding firm. With these two elements in place, sales may slow, but the Incline market will not be subject to an oversupply scenario. Many homeowners in Incline Village and around Lake Tahoe are not in the position that they have to sell. In turn, their reaction to adverse news about the housing market is to take their home off the market, rather than taking a lower price. This firm stance helps stabilize the market, and as we are witnessing, average and median home sales figures are increasing.This has been the historical case for many years in this area due to the high net worth of homeowners and a very limited supply of homes for sale.

    The amount of remodeling at Incline Village is further proof that the affluent vote with their pocketbooks on real estate in these times of mixed economic news. With the fed actively involved in the interest rate and tax structuring of real estate, I believe that Incline Village property owners actions portend a turnaround in the broader market. Excess inventories will be absorbed and increase in demand will follow. Interest rates for a fixed 30 year mortgage are hovering around 6.5%, which is a very attractive, which will add further incentive to buyers currently waiting on the sidelines. Incline Village real estate market is unlike that of Reno or Sacramento, as even in harsh market conditions, prices have continued to rise.

    Mark Buergin
    Broker Associate, CCIM, CLHMS, ABR, SRES

    With 30 years in the real estate industry, and a strong background in investment, Mark Buergin, is a veteran Broker in both California and Nevada. He brings outstanding connections, experience and knowledge in investment property, 1031 exchange and luxury home sales, even in a hard to sell market. It's his enthusiasm and dedication to each and every client that makes him a long-term winner. "My tenacity and negotiating skills will get you results," he says. "I cater to the most demanding and discriminating people." Find out how this client-friendly, long-time Incline resident can meet your high standards and guide you through every aspect of the real estate transaction.

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