I would not let limited inventory rush a decision that the recent closings do not support.
Even in a low-supply market like The Summit Club, NV, careful buying is still the right approach. I would rather see you miss one property than overpay for the wrong one simply because the selection is thin.
Over the last three months, The Summit Club, NV had 2 new listings and 5 recent closings. A typical closed sale took 179 days, and recent sold prices per square foot ranged from $1,879 to $4,260.
Those numbers tell me there has been room for thought and negotiation. They do not describe a market where every decision has to be instant. I would especially note that one current listing is priced at $5,450 per square foot, which sits above the recent closed range and should be tested carefully before a buyer accepts that premium in The Summit Club, NV.
Slow the decision down long enough to compare the right sales. Set your maximum number before you negotiate. Move fast only after the value case is clear. If the property requires you to ignore the recent closed evidence, I would walk away and wait for a better setup.
