Catch the latest updates with the Notice of Default list, properties in some form of distress and current short sales and bank owned sales each week right here!
NEW REOs:
825 Southwood - Southwood Pines #1, APN 127-110-01, Rec 10/7/09
818 Donna Dr., APN 124-082-40, Rec. 9/25/09
820 Oriole - Royal Pines #57, APN 132-252-34, Rec. 9/16/09
Here's what is happening inside the Incline MLS for the week of 10/12-10/18 2009. This last week proved to be a pretty activity week for new escrows and sales, despite the economy and the falling temperatures.
New Listings this week were low with only 3 condos added to the market, 1 PUD and 6 single family homes. Of the condos just listed the one in Southwood Pines screams of a deal, but make sure you understand what is going on with the complex. Apparently there is a major assessment in the works! The one new PUD that was added is a short sale and a great deal based on sqft alone. The floor plan is not conventional, but interesting to say the least. The best part of this unit is the setting...it faces the woods, has great views up to Diamond Peak and a couple of big decks to enjoy the outdoors. One of the 6 single family homes caught my eye as a best buy. 861 Jeffrey was just purchased at auction and relisted at $449K. Based on sqft and a one car garage with the house in decent to good shape, this is a Hot Buy for sure. Do not expect this one to last long on the market. Full Report...
It's hard to believe we are already deep into the 4th Quarter of the year, but we are! Are things improving? Yes, they are, but not by much when comparing year over year 2008 to 2009. Here are the details....
Total Unit Sales in Incline Village Real Estate are down -4% in condos, up 17% in PUDs (Planned Unit Developments) and down -3% in Single Family Homes comparing 2008 to 2009 for the same time frame. There were a total of 48 condos sold so far this year, 21 PUDs and 67 homes. Full Report...
Are vacation rentals really a nuisance or is Washoe County again coming after Incline residents and property owners? What is going on? If you currently use your home as a vacation rental or plan to purchase property as a vacation rental, please read this article and ACT now and pass the information along to as many people as you can!
Washoe County Wants To Make Renting A Home a Nuisance!! Once again, Incline residents and property owners are being singled out. Washoe County is proposing an ordinance to consolidate nuisance codes, and seeks to add a section that defines vacation home and rental land uses in Incline Village/Crystal Bay as nuisances. It also provides for disparate application of nuisance codes throughout Washoe County.
This morning Jim Nadeau, our Government Affairs spoke at the Incline Village Board of Realtors MLS Meeting to discuss this important issue and how it will affect our property rights! Another thought is...How will it affect our economy? If we take away vacation rentals won't we also be cutting into the amount of tourism that comes to our town? People...let's think this through. No one wants a noisy neighbor, but there are other ways to deal with this than cutting into our own pockets.
Click Here to download the letter which should be signed and sent to the Incline Village Board of Realtors by FAX (775)831-1386, or by hand, and they will make certain they are delivered to the Commissioner at their meeting October 27th down in Reno. DO NOT allow Washoe County to again control how Incline Residents and Investors use their property. What's next...no long term rentals?
If you would like more information on this topic or if you would like to speak up about this subject please go to the local public meeting with County Commissioner John Breiternitz on Monday, October 26 at 5:00pm at 893 Southwood Blvd. The CAB meeting will follow at 6:30pm in the same location.
Making up for last week, we are doubling down with the information from Inside the Incline MLS. Not too many sales in the last two weeks, but there was a flurry of activity in new escrows and new escrows that did not survive…
Each week we post the new listings, price reductions, new escrows, sales and any tidbits of market information here. For a complete list of what is happening and to be in the know, click here...
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