Northern Nevada Market Condition Report As Of October 11th
November 17, 2011
MCR October 2011 with Commentary (2)
Market report contains information regarding single family residence sales in Reno, Sparks, and Carson City Nevada.
Lake Tahoe/Incline Village Foreclosure/Short Sale List As Of November 13th
November 14, 2011
Incline Village Short Sale Bank Owned Listings (3)
Please find attached the latest update to the Incline Village REO and Short Sale listings.
On the short sale list, 6 new listings, 3 closed escrows, 4 price reductions, 3 new escrows and 1 back on market. Regarding the sales, 900 Golfer’s Pass #2 listed at $275,000 sold $275,000 11/08/2011 for $275,000. 1401 Tirol Dr. listed at $493,000 sold for $503,000 11/07/2011.
957 Dorcey Drive listed at $321,000 sold for $309,000 11/02/2011. There are a couple of very nice new home listings worthy of some attention.
On the REO list, we have 1 new listing, 2 new escrows, 1 price reduction and 2 closed escrows. The condo at 751 Tahoe Blvd. #19 listed at $69,900 sold for $69,900 10/27/2011. The home at 656 Village Blvd. listed at $519,900 sold for $504,303 11/08/2011.
The most notable event on the list is the complete lack of REO listed homes. No actives. And the two that are listed are both in escrow. This clearly indicates a shift in the market. Banks are more focused on completing a short sale than acquiring the home through the foreclosure process and then selling the home themselves.
The short sale market should continue to be very active in the Incline Village/Crystal Bay market through 2012. Beyond that the short sale market will depend a great deal on Congress extending the forgiveness of income taxes on forgiven debt for owner occupied sellers.
Lake Tahoe/Incline Village Foreclosure/Short Sale List As Of November 1st
November 4, 2011
Incline Village Short Sale Bank Owned Listings (3)
Please find attached the updated short sale and REO listings for Incline Village and Crystal Bay. November 1st
Fairly active report this week with more closings than the norm
On the short sale list, we had 6 price reductions, 2 new listings, 2 new escrows and 3 closings to report. The home at 244 Wassou listed for $550,000 sold for $470,000 10/27/2011. The home at 734 Mays Blvd. listed at $659,000 sold for $680,000 10/27/2011 the home at 54 Shoreline Circle listed at $1,195,000 sold for $990,000 10/27/2011
On the REO list, we had three closings. 872 Tanager #40 listed at $70,300 sold for $71,000. The property at 399 Willow Ct. #2 listed for $138,600 sold for $110,000 10/31/2011 The home listed at 28 Somers Loop for $1,599,000 sold for $1,400,000 10/19/2011.
Have a great week
Year To Date Record Of Home Sales For Incline Village/Reno/Sparks Nevada
October 31, 2011
This report for Washoe County shows the cumulative, monthly sales statistics for new and existing homes.
Lake Tahoe/Incline Village Foreclosure/Short Sale List As Of October21st
October 22, 2011
Incline Village Short Sale Bank Owned Listings (3)
Please find attached the updated list of short sale and REO listings for Incline Village.
Was a pretty quite week. Only five price reductions, 1 back on market, 1 new escrow and 1 new listing to report on the short sale list. No closed escrows.
Two price reductions and two new escrows on the REO list. No closed escrows to report.
