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July 24, 2012
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Letter to the Editor: Now is a good time to sell

Recent Nevada sales data — which can be viewed at my website, at www.JTahoe.com by clicking on NV Sales Data on the left rail — shows:

• Nevada homes in Incline Village and Crystal Bay hit a low median price in November 2011. Condos hit a low median price in April 2012.

• Month’s supply of inventory is at a 13-month low for both homes and condos.

• The number of units sold for the first half of the year has been increasing since 2009.

• Median prices are back to about 2001 prices.

Recent California sales data — which can be viewed at my website, at www.JTahoe.com, by clicking on CA Sales Data on the left rail — shows:

The sales data shows:

• A base in the upper 300s for median home prices in California in four of the last 13 months. Median condo prices hit a low in October 2011.

• Months supply of inventory is trending lower for homes and probably condos.

• The number of units sold for the first half of the year has been increasing since 2009.-

• Median prices are back to about 2001 prices.

For months I have been saying, “smart buyers are buying now!” Because of reduction in inventory, and increasing prices, it is starting to be a good time to sell.

John Eppolito

NV Broker Salesman

CA Broker Associate


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Tahoe Daily Tribune Updated Jul 24, 2012 07:59PM Published Jul 24, 2012 07:58PM Copyright 2012 Tahoe Daily Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.