Incline Village Home Values: Price/Sq.Ft (2006-2010)

by Joe Salcedo on 11:58 pm

Incline Village Short Sales

Change in price per square foot the past 4 years in Incline Village

Summary: Incline Village Average Price Per Square Foot the last 16 months: $309.69

Incline Village home prices started to go down by early 2008.   A major real estate recession affects all markets big and small regardless of local economic conditions that, even in a highly desirable area like Incline Village, price can take a hit.  The graph above shows the change of price per square foot the last four and a half years.  To give you a better perspective on how Incline home prices have changed let’s go back circa 2008:

  • Jan:  522
  • Feb:  416
  • Mar:  394
  • Apr:  333
  • May: 390
  • Jun:  428
  • July:  402
  • Aug:  491
  • Sept:  568
  • Oct:  352
  • Nov:  205
  • Dec:  270

The average price per square foot of homes sold in Incline Village in 2008 was $397.58. About $100 less than current prices. Take note that these sales range from $500,000 to $15,000,000! So there are homes that sold north of $1000/Sq.Ft. and homes that sold for $250/Sq.Ft. — (although I don’t think anything that low sold in 2008; the market at the Lake was still doing pretty good.)

If we would make a graph of 2008, it would look like this:

Incline Village Home Values

Incline Village Real Estate Price/Sq.Ft.

So $397.58 per square foot was the average in 2008 .  Hmmm, Let’s see how that stacks up to the most expensive zip codes in the world in 2008:

  • Sydney, Australia: $1,440 / Square Foot
  • Singapore: $1,550
  • Rome, Italy: $1,770
  • Hong Kong, China: $2,060
  • Tokyo, Japan: $2,080
  • Paris, France: $2,100
  • Moscow, Russia: 2,120
  • New York, USA: 2,160
  • London, U.K: $3,670
  • Monaco: $6,550

I haven’t checked the current 2011 numbers for these zip codes (that’s a whole different blog post), but here’s the most current Incline Village homes values:

Incline Village Price Per Square Foot (last 16 months): $309.69


  • Jan:  355
  • Feb:  264
  • Mar:  284
  • Apr:  315


  • Jan:  353
  • Feb:  287
  • Mar:  294
  • Apr:  332
  • May:  297
  • Jun:  335
  • July:  346
  • Aug:  280
  • Sept:  311
  • Oct:   335
  • Nov:  256
  • Dec:  311

Incline Village Average Price Per Square Foot the last 16 months: $309.69

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– Philip Duane Johncock

“I was laid off from the state in November of 2007 due to major budget cuts. We were no longer able to make our house payments as the job market was just beginning to get worse and worse. My agent in San Jose found Joe Salcedo in Reno for me and told me he has a lot of experience in short sales. He priced our home at a very realistic price in relation to the market values at the time. Joe was very professional and before we knew it we had an offer on our home. In September of 2008 our home closed and the bank forgave the difference. A short sale comes off of your credit in a much, much shorter time than a bank foreclosure. We will be forever grateful for the assistance of Joe Salcedo”

– James and Marsha McGinnis (feel free to call for a reference, Joe has my number)

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