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 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
2011
- Jan: 355
- Feb: 264
- Mar: 284
- Apr: 315
2010
- 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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