Lake Tahoe/Incline Village Foreclosure/Short Sale List As Of 12/23
December 27, 2011
Incline Village Short Sale Bank Owned Listings (4)
Please find attached the updated list for Incline Village short sale and REO listings.
Pretty quiet week.
On the short sale list we have 1 price reduction, 1 new escrow and 1 sold. The listing at 1311 Moritz listed at $279,000 sold for $269,900 12/23/2011.
On the REO list, we have 3 price reductions and 1 sold listing. The listing at 360 Alder Ct. #3 listed at $179,800 sold for $170,000 12/21/2011.
Lake Tahoe/Incline Village Foreclosure/Short Sale List As Of December 3rd
December 4, 2011
Please find attached the latest update for Incline Village/Crystal Bay short sale and REO listings.
Incline Village Short Sale Bank Owned Listings (4)
Fairly slow week coming off the Thanksgiving holiday weekend. We really need the snow to get the resorts open.
On the short sale list we have 4 new escrows, 1 sold, 3 price reductions and 1 new listing. The listing at 866 Northwood #31 listed at $225,000 sold for $225,000 on 12/02/2011.
On the REO list we have 1 price reduction and two new listings. The new listing at 1457 Glarus at $879,900 with a panoramic lake view a real value.
Lake Tahoe/Incline Village Foreclosure/Short Sale List As Of November 23rd
November 23, 2011
Incline Village Short Sale Bank Owned Listings (3)
Please find attached the updated list of short sale and REO listings.
Lots of activity since the last list.
On the short sale list, we have 13 price reductions, 2 back on market, 2 new escrows, 3 new listings and two closed escrows. 769 Mays Blvd. #9 listed at $250,000 sold for $275,000 11/14/2011. 400 Fairview #54 listed for $350,000 sold for $356,000 11/22/2011.
On the REO list we have 2 new listings, and 1 back on market.
My last thought concerns the price reduction activity we see in short sale listings. Think for a moment the impact on the market if regular listings underwent the number of market adjustments that are made to short sale listings. I know that short sale sellers are often under the pressure of a foreclosure timeline, so tend to be aggressive with their pricing the property to sell, but do we understand the regular seller’s timeline and the consequences of not selling? Just a thought.
Have a wonderful Thanksgiving
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
