On the short sale list, we have 4 price reductions, 1 new listing and 2 sales to report. The property at 985 Wedge Court listed at $510,000 sold 02/07/2012 for $505,000. The home at 968 Granite Court listed at $699,000 sold 02/06/2012 for $650,000.

On the REO list, we have 1 price reduction, 1 back on market, 1 new listing and 1 sale to report. The home at 917 Michael Court listed at $609,000 sold 02/06/2012 for $580,000.

The new listing at 875 Southwood, #17 L’Ermitage sounds like a real bargain at $359,900 that someone should jump on.

NOTE: If you are seriously looking to purchase a bank owned or short sale property, I suggest you make your move. The inventory is getting really thin in this market. Don't know if invenotry will fill back in or not.

We never had more than 25% troubled properties and today, it is far less than that. Call me or email me. 775-691-3855. kencash@tahoeliving.com.

Denise Cash 775.691.3844 Ken Cash 775.691.3855

DeniseCash@TahoeLiving.com KenCash@TahoeLiving.com

www.TahoeLiving.com

Incline Village Condominium/PUD Short Sale Listings

MLS# Address Unit List Price Status Bed Bath Gar SqFt

940064 870 Southwood 3 $119,000 P 2 1 ½ N 1040

940104 945 Harold Dr. 1 $125,000 A 2 1 N 782

939687 989 Tahoe Blvd. 64 $165,000 A 3 2 N 1649

940182 801 Northwood 3 $165,000 A 2 1 ½ CP 960

939903 333 Ski Way 257 $175,000 A 1 2 CP 1062

939628 321 Ski Way 3 $184,900 P 3 2 ½ N 1280

940153 599 Crest Lane 33 $179,000 A 2 2 N 1120

110008157 845 Southwood 61 $189,000 A 3 2 ½ N 1332

940132 702 College 82 $224,900 A 3 2 N 1120

940204 1312 St Galen $295,000 P 3 2 ½ N 1688

940122 978 Glenrock 52 $297,700 A 3 2 ½ N 1440

940266 908 Harold 23 $275,000 A 2 2 2 1452

940058 998 Driver 5 $349,000 A 2 2 N 1499

940237 4 Calaneva Dr 11 $349,000 A 2 2 ½ 1 1435

937825 1208 Styria $375,000 A 3 2 N 1568

940057 931 Incline Way 234 $425,000 P 2 2 1 1089

937846 978 Glenrock 59 $510,000 A 3 2 ½ N 1596

Incline Village Single Family Home Short Sale Listings

939893 573 Sugarpine Dr $361,309 P 3 2 ½ 1 1582

939701 422 Valerie $375,000 P 3 2 N 1392

940223 984 Tyner Way $424,900 A 4 2 ½ 2 2036

940156 382 Country Club $459,000 A 3 2 1 1596

940117 640 Tumbleweed $479,000 P 3 3 2 2245

940221 550 N. Dyer Circle $479,000 P 3 2 2 2116

940097 940 Wendy Lane $419,000 A 4 3 2 2480

The above list is accurate as of February 11, 2012 as reflected in the Northern Nevada Regional

and Incline Village Multiple Listing Services. Prices & availability are subject to frequent change.

Denise Cash 775.691.3844 Ken Cash 775.691.3855

DeniseCash@TahoeLiving.com KenCash@TahoeLiving.com

www.TahoeLiving.com

Incline Village Single Family Home Short Sale Listings

MLS# Address Unit List Price Status Bed Bath Gar SqFt

940205 327 Winding Way $499,000 P 3 2 ½ 3 2677

940171 631 Village $499,500 A 4 2 2 1912

939996 572 Lucille Dr $519,000 P 3 2 2 1688

940225 632 Woodridge $549,000 P 4 3 2 1864

940217 466 Winding Way $620,000 A 3 3 ½ 3 2802

110011033 522 McDonald Dr $644,900 P 4 4 ½ 2 3282

940061 542 Spencer Way $649,000 P 3 3 2 2172

940251 338 2^nd Creek $629,000 A 3 3 2 4000

940299 985 3^rd Green Court $655,000 A 3 2 ½ 2 1864

940279 732 Betty $675,000 A 3 2 2 1682

940311 1057 Mill Creek Road $739,000 P 4 3 ½ 3 2430

939781 519 Ponderosa $1,349,000 A 6 5 ½ 3 5517

940323 836 Lakeshore $1,495,000 A 4 4 2 3489

940113 550 Fairview $1,849,000 P 4 5 ½ 2 6746

940077 689 Tyner Way $1,999,000 A 6 7 ½ 3 6146

70020699 250 Northlake $3,500,000 P 4 3 ½ 2 3039

Incline Village REO Condominiums/Townhomes

MLS# Address Unit List Price Status Bed Bath Gar SqFt

110013626 335 Ski Way 302 $166,500 P 1 2 CP 1064

940307 820 Oriole Way 51 $224,900 A 3 2 ½ 2 1440

110016028 700 College 35 $225,900 P 3 2 N 1120

110015447 880 Golfers Pass 3 $239,900 P 3 2 1 1470

110015366 120 Country Club 12 $314,900 A 2 2 ½ N 2208

120001685 875 Southwood 17 $359,900 A 2 2 ½ 1 1564

Incline Village REO Homes

940164 910 Harold Dr. “C” $279,900 A 3 2 ½ 2 1576

940252 966 Little Burro Ct $550,000 P 3 3 2 2429

120001293 658 Tumbleweed $808,000 A 4 2 ½ 2 2912

The above list is accurate as of February 11, 2012 as reflected in the Northern Nevada Regional

and Incline Village Multiple Listing Services. Prices & availability are subject to frequent change.

On the short sale list we have 1 new listing, 6 price reductions, 3 new escrows and 2 solds to report. The condominium listed at 807 Alder #67 for $172,500 sold for $155,000 on 01/31/2012. The listing at 807 Adler #81 listed at $139,000 sold for $120,000 on 01/26/2012.

On the REO list there are 2 new listings to report and 1 sold. The home at 597 Ponderosa listed for $358,370 sold for $402,000 on 01/30/2012.

Denise Cash 775.691.3844 Ken Cash 775.691.3855

DeniseCash@TahoeLiving.com KenCash@TahoeLiving.com

www.TahoeLiving.com

Incline Village Condominium/PUD Short Sale Listings

MLS# Address Unit List Price Status Bed Bath Gar SqFt

940064 870 Southwood 3 $119,000 P 2 1 ½ N 1040

940104 945 Harold Dr. 1 $125,000 A 2 1 N 782

939687 989 Tahoe Blvd. 64 $165,000 A 3 2 N 1649

940182 801 Northwood 3 $165,000 A 2 1 ½ CP 960

939903 333 Ski Way 257 $175,000 A 1 2 CP 1062

940153 599 Crest Lane 33 $179,000 A 2 2 N 1120

939628 321 Ski Way 3 $184,900 P 3 2 ½ N 1280

940019 837 Southwood 24 $185,900 P 3 2 N 1332

110008157 845 Southwood 61 $189,000 A 3 2 ½ N 1332

940132 702 College 82 $224,900 A 3 2 N 1120

940204 1312 St Galen $295,000 P 3 2 ½ N 1688

940122 978 Glenrock 52 $297,700 A 3 2 ½ N 1440

940266 908 Harold 23 $299,000 A 2 2 2 1452

940058 998 Driver 5 $349,000 A 2 2 N 1499

940237 4 Calaneva Dr 11 $349,000 A 2 2 ½ 1 1435

937825 1208 Styria $375,000 A 3 2 N 1568

940057 931 Incline Way 234 $425,000 P 2 2 1 1089

937846 978 Glenrock 59 $510,000 A 3 2 ½ N 1596

939647 844 Rosewood Circle $875,000 A 4 3 ½ 2 2674

Incline Village Single Family Home Short Sale Listings

939893 573 Sugarpine Dr $361,309 P 3 2 ½ 1 1582

939701 422 Valerie $375,000 P 3 2 N 1392

940097 940 Wendy Lane $419,000 A 4 3 2 2480

940223 984 Tyner Way $424,900 A 4 2 ½ 2 2036

940156 382 Country Club $475,000 A 3 2 1 1596

940117 640 Tumbleweed $479,000 P 3 3 2 2245

940221 550 N. Dyer Circle $479,000 P 3 2 2 2116

The above list is accurate as of February 5, 2012 as reflected in the Northern Nevada Regional

and Incline Village Multiple Listing Services. Prices & availability are subject to frequent change.

Denise Cash 775.691.3844 Ken Cash 775.691.3855

DeniseCash@TahoeLiving.com KenCash@TahoeLiving.com

www.TahoeLiving.com

Incline Village Single Family Home Short Sale Listings

MLS# Address Unit List Price Status Bed Bath Gar SqFt

940205 327 Winding Way $499,000 P 3 2 ½ 3 2677

940171 631 Village $499,500 A 4 2 2 1912

939848 985 Wedge Ct $510,000 P 3 2 ½ 2 2592

939996 572 Lucille Dr $519,000 P 3 2 2 1688

940225 632 Woodridge $549,000 P 4 3 2 1864

940217 466 Winding Way $620,000 A 3 3 ½ 3 2802

110011033 522 McDonald Dr $644,900 P 4 4 ½ 2 3282

940061 542 Spencer Way $649,000 P 3 3 2 2172

940251 338 2^nd Creek $649,000 A 3 3 2 4000

940299 985 3^rd Green Court $675,000 A 3 2 ½ 2 1864

940279 732 Betty $675,000 A 3 2 2 1682

939151 968 Granite Ct. $699,900 P 3 3 ½ 2 2351

940311 1057 Mill Creek Road $739,000 P 4 3 ½ 3 2430

939781 519 Ponderosa $1,349,000 A 6 5 ½ 3 5517

940113 550 Fairview $1,849,000 P 4 5 ½ 2 6746

940077 689 Tyner Way $1,999,000 A 6 7 ½ 3 6146

70020699 250 Northlake $3,500,000 P 4 3 ½ 2 3039

Incline Village REO Condominiums/Townhomes

MLS# Address Unit List Price Status Bed Bath Gar SqFt

110013626 335 Ski Way 302 $166,500 P 1 2 CP 1064

940307 820 Oriole Way 51 $224,900 A 3 2 ½ 2 1440

110016028 700 College 35 $225,900 P 3 2 N 1120

110015447 880 Golfers Pass 3 $239,900 P 3 2 1 1470

110015366 120 Country Club 12 $314,900 A 2 2 ½ N 2208

Incline Village REO Homes

940164 910 Harold Dr. “C” $279,900 P 3 2 ½ 2 1576

940252 966 Little Burro Ct $550,000 P 3 3 2 2429

110015817 917 Michael Ct $609,000 P 4 3 2 2618

120001293 658 Tumbleweed $808,000 A 4 2 ½ 2 2912

The above list is accurate as of February 5, 2012 as reflected in the Northern Nevada Regional

and Incline Village Multiple Listing Services. Prices & availability are subject to frequent change.

Shrimp Po’Boy

Not much in the way of changes from last week’s update.

On the short sale list there was one price reduction and one sold to report. The home at 915 Fairview listed at $650,000 sold 01/26/2012 for $650,000.

On the REO list we also have just one price reduction to report and one sold. The condo at 872 Tanager #12 listed at $79,900 sold for $69,900 01/20/2012.

We finally have snow. We have needed it and people are in the area. There seems to be a significant increase in showing activity as reported by our front desk staff and January 2012 closings are significantly above January 2011 closings.

Denise Cash 775.691.3844 Ken Cash 775.691.3855

DeniseCash@TahoeLiving.com KenCash@TahoeLiving.com

www.TahoeLiving.com

Incline Village Condominium/PUD Short Sale Listings

MLS# Address Unit List Price Status Bed Bath Gar SqFt

940104 945 Harold Dr. 1 $125,000 A 2 1 N 782

939875 807 Alder 81 $139,900 P 1 1 N 700

939687 989 Tahoe Blvd. 64 $165,000 A 3 2 N 1649

940182 801 Northwood 3 $165,000 A 2 1 ½ CP 960

939919 807 Alder 67 $172,500 P 2 2 N 1043

939903 333 Ski Way 257 $175,000 A 1 2 CP 1062

939628 321 Ski Way 3 $184,900 P 3 2 ½ N 1280

940019 837 Southwood 24 $185,900 P 3 2 N 1332

940153 599 Crest Lane 33 $199,000 A 2 2 N 1120

110008157 845 Southwood 61 $200,000 A 3 2 ½ N 1332

940132 702 College 82 $234,900 A 3 2 N 1120

939535 978 Glenrock 54 $250,000 A 3 2 ½ N 1440

940204 1312 St Galen $295,000 P 3 2 ½ N 1688

940122 978 Glenrock 52 $297,700 A 3 2 ½ N 1440

940266 908 Harold 23 $299,000 A 2 2 2 1452

940058 998 Driver 5 $349,000 A 2 2 N 1499

940237 4 Calaneva Dr 11 $349,000 A 2 2 ½ 1 1435

937825 1208 Styria $375,000 A 3 2 N 1568

940057 931 Incline Way 234 $425,000 P 2 2 1 1089

937846 978 Glenrock 59 $510,000 A 3 2 ½ N 1596

939647 844 Rosewood Circle $875,000 A 4 3 ½ 2 2674

Incline Village Single Family Home Short Sale Listings

939798 573 Knotty Pine $325,000 A 3 2 2 1728

939782 680 Bridger Ct $349,000 A 3 2 1 1444

939893 573 Sugarpine Dr $361,309 P 3 2 ½ 1 1582

939701 422 Valerie $375,000 P 3 2 N 1392

940223 984 Tyner Way $439,900 A 4 2 ½ 2 2036

940156 382 Country Club $475,000 A 3 2 1 1596

940117 640 Tumbleweed $479,000 P 3 3 2 2245

940221 550 N. Dyer Circle $479,000 P 3 2 2 2116

940097 940 Wendy Lane $489,000 A 4 3 2 2480

The above list is accurate as of January 28, 2012 as reflected in the Northern Nevada Regional

and Incline Village Multiple Listing Services. Prices & availability are subject to frequent change.

Denise Cash 775.691.3844 Ken Cash 775.691.3855

DeniseCash@TahoeLiving.com KenCash@TahoeLiving.com

www.TahoeLiving.com

Incline Village Single Family Home Short Sale Listings

MLS# Address Unit List Price Status Bed Bath Gar SqFt

940205 327 Winding Way $499,000 P 3 2 ½ 3 2677

940171 631 Village $499,500 A 4 2 2 1912

939848 985 Wedge Ct $510,000 P 3 2 ½ 2 2592

939996 572 Lucille Dr $519,000 P 3 2 2 1688

940225 632 Woodridge $549,000 P 4 3 2 1864

940217 466 Winding Way $620,000 A 3 3 ½ 3 2802

110011033 522 McDonald Dr $644,900 A 4 4 ½ 2 3282

940061 542 Spencer Way $649,000 P 3 3 2 2172

940027 981 Driver Way $649,000 P 4 3 ½ 2 2561

940251 338 2^nd Creek $649,000 A 3 3 2 4000

940299 985 3^rd Green Court $675,000 A 3 2 ½ 2 1864

940279 732 Betty $675,000 A 3 2 2 1682

939151 968 Granite Ct. $699,900 P 3 3 ½ 2 2351

940311 1057 Mill Creek Road $739,000 A 4 3 ½ 3 2430

939781 519 Ponderosa $1,349,000 A 6 5 ½ 3 5517

940113 550 Fairview $1,849,000 P 4 5 ½ 2 6746

940077 689 Tyner Way $1,999,000 A 6 7 ½ 3 6146

70020699 250 Northlake $3,500,000 P 4 3 ½ 2 3039

Incline Village REO Condominiums/Townhomes

MLS# Address Unit List Price Status Bed Bath Gar SqFt

110013626 335 Ski Way 302 $166,500 P 1 2 CP 1064

110016028 700 College 35 $225,900 P 3 2 N 1120

110015447 880 Golfers Pass 3 $239,900 P 3 2 1 1470

110015366 120 Country Club 12 $314,900 A 2 2 ½ N 2208

Incline Village REO Homes

940164 910 Harold Dr. “C” $279,900 P 3 2 ½ 2 1576

940262 597 Ponderosa $359,370 P 4 2 3082

940252 966 Little Burro Ct $550,000 P 3 3 2 2429

110015817 917 Michael Ct $609,000 P 4 3 2 2618

The above list is accurate as of January 28, 2012 as reflected in the Northern Nevada Regional

and Incline Village Multiple Listing Services. Prices & availability are subject to frequent change.

2011 Market Report & Graphs Single family home sales are down approximately 16.5% from 2010 to 2011 with only 96 sales reported by the MLS in 2011. Condominium sales are down approximately 6.25% from 2010 to 2011 with only 135 sales reported by the MLS in 2011. 2011 was mirroring 2010 sales through the first three quarters with a sharp drop off in sales in the last quarter leaving 2011 behind 2010 figures. Since most of our buyers are discretionary buyers, the grid-lock in Washington in the last quarter delayed many purchasing decisions by buyers. This may continue to be a significant factor in 2012 sales. The median sold price for single family homes dropped approximately 8.1% from 2010 to 2011 with the MLS reporting a median sold price of $771,500 in 2011. The median sold price for condominiums dropped approximately 3.5% from 2010 to 2011 with the MLS reporting a median sold price of $357,000 in 2011. Condominium sales include condominiums and town homes.

The decrease in median sold prices in 2011 over 2010 is largely a reflection of the significant number of short and bank owned sales in the Incline Village/Crystal Bay market. Short and bank owned sales accounted for one in four home and condominium sales in 2011 as was the case in 2010. Incline village MLS reports a total of 231 home and condominium sales in 2011 of which 58 were distressed property sales.

This significant trend should continue through 2012. Of the 58 distressed sales in 2011, 27 were homes with a median sale price of $700,000 and 31 were condominiums and town homes with a median sale price of $269,900 as reported by the Incline Village MLS. Luxury condominium and town homes sales above $1,000,000 in the Incline Village/Crystal Bay market dropped off significantly in 2011 while average and median sold prices were up slightly over 2010 figures. The Incline Village MLS reports 13 luxury condominium sales in 2010 and just four in 2011. The median sales price in 2010 was $1,200,000 and $1,400,000 in 2011. Luxury home sales above $2,000,000 in the Incline Village/Crystal Bay market dropped off only slightly in 2011 while average and median sold prices dropped off significantly from 2010 figures. The Incline Village MLS reports 20 luxury home sales in 2010 and 17 in 2011. The median sales price in 2010 was $3,225,000 and $2,700,000 in 2011. There were more waterfront home sales in 2010.

The median sold price for single family homes dropped approximately 8.1% from 2010 to 2011 with the MLS reporting a median sold price of $771,500 in 2011. The median sold price for condominiums dropped approximately 3.5% from 2010 to 2011 with the MLS reporting a median sold price of $357,000 in 2011. Condominium sales include condominiums and town homes. The above chart depicts the number of annual sales reported by the Incline Village MLS from 2004 to 2011. Condominium sales include condominium and town home sales in Incline Village/Crystal Bay.