Thursday, October 20, 2016

Friday Just Sold Update per Realtor.com.  Follow the link for recent closings.

Just Sold Update Link:
http://www.realtor.com/soldhomeprices/89451

Are you thinking of selling?  Need a professional valuation of your property?  Call or email.


Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

The Top 10 Things to Do in Lake Tahoe (Nevada) - TripAdvisor

Link to Tripadvisor page:  The Top 10 Things to Do in Lake Tahoe (Nevada) - TripAdvisor - Lake Tahoe (Nevada):

I don't agree with some of the items on this Tripadvisor list, however, most of the content is useful.  Your Tahoe time spent depends on what y'all like to do.  Get outdoors!


Incline Beach is open to all visitors in the Fall and Winter.

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

It's Better to Buy Than to Rent, and It Probably Always Will Be - Bloomberg

"The conclusion: On a bang-for-your-buck basis, it’s better to buy... ."




"Some markets are more advantageous than others. In Miami, it's 53 percent cheaper to buy than to rent a home of similar size, the biggest discount among the metropolitan areas included in the report. In Honolulu, it's 17 percent cheaper to buy, the smallest discount.

In 58 of 100 metros, including such diverse cities as Chicago, Houston, Long Island (N.Y.), and Nashville, mortgage rates would have to top 10 percent—a level they haven’t reached since 1990—before renting became a better deal. In 26 of 100 metros, including Detroit and Dallas, home prices would have to double to make renting look like a good financial move."

Link to complete Bloomberg article:  It's Better to Buy Than to Rent, and It Probably Always Will Be - Bloomberg:







Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Tuesday, October 18, 2016

Recent reports on home sales in northwestern Nevada remain strong | nnbw.com

"Lake Tahoe home sales in the third quarter marks the first time in more than three years that there’s been steady increases in all areas around the lake, according to the Chase report.

Sales volume around the lake was up 20 percent and the median price of a home increased 12 percent to $540,000.

“The numbers are very encouraging,” Lowe said. “There’s generally always some fluctuation or decline somewhere on the lake, but sales have remained consistently strong over the summer.”

The median price of a home in Tahoe City rose 5 percent to $580,000 while on the East Shore it rose 6 percent to $1.18 million.

Homes selling for more than $1 million had the largest impact on sales, with every region on the lake seeing substantial increases, the largest being on the South Shore (62 percent) and Incline Village (55 percent).

The only two stats to see any declines were homes selling for less than a million in Tahoe City (down 4 percent) and Incline Village (down 1 percent).

South Lake Tahoe saw the largest increase in median and average home prices, up 13 and 14 percent to $405,000 and $496,984 respectively. The area is still the least expensive place to buy a home."

Link to Northern Nevada Weekly complete article:  Recent reports on home sales in northwestern Nevada remain strong | nnbw.com:



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Sunday, September 18, 2016

Why farmland may become a more popular neighborhood amenity than a golf course - MarketWatch

Could Incline be an Agrihood?  Yeah, yeah, I know it's a high elevation environment, however, a little ingenuity might allow production of some great home grown food produced in a pristine environment.  It's happening hydroponically on a rooftop in Squaw Valley and residential developers are taking notice across the country.



Links:



Sierra Sun article about hydroponic growing at the Resort at Squaw Creek:  http://www.sierrasun.com/news/23930441-113/video-tahoe-resort-grows-sustainable-greens-with-hydroponic



Marketwatch agrihood article:

 Why farmland may become a more popular neighborhood amenity than a golf course - MarketWatch:


Why agrihoods are hot

For both flavor and health reasons, more people are seeking out locally grown food.

In the U.S., food typically travels between 1,500 and 2,500 miles from where it’s grown until it gets to our plates, according to a 2013 estimate from Worldwatch Institute, a Washington, D.C.-based environmental and social policy research organization. That’s 25% farther than it traveled about 20 years ago. When food has so far to go before it’s eaten, freshness can suffer. Its transportation is also more detrimental to the environment than if the food was grown nearby.

People are also drawn to the authenticity these communities can provide, McMahon said. Activities based around the farm can build a greater sense of community, which some new developments lack.

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Thursday, September 1, 2016

Incline Village Recently Sold Real Estate - Realtor.com®

Follow this link to catch up on recent Incline Village Just Sold activity:

89451 Sold Home Prices - Incline Village, NV 89451 Recently Sold Real Estate - realtor.com®:



934 Tyner Way, Incline Village, NV 89451
934 Tyner Way sold on August 26 for $1,450,000

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Tuesday, August 30, 2016

Incline Village / Crystal Bay Foreclosure Update as of August 16, 2016 | Lucy Roman, First American Title

The latest foreclosure updates for Incline/Crystal Bay.

The new list is attached with the following changes to the list dated 7/25/16. Please call if you have any questions about any of these properties.

NEW NOTICES OF DEFAULT:

194 Tramway, APN 130-212-21, TS#NV-15-663647-RY, NOD Rec. 8/4/16


NEW NOTICES OF SALES:

599 Crest Lane – Incline Crest #52, APN 124-500-31, HOA Acct #28316, NOS Rec. 8/1/16 – TRUSTEES SALE SCHEDULED ON WED., SEPT. 7 AT 11AM BY HOA


549 Lakeshore – Crystal Shores East #29, APN 122-090-29, TS#NV09000148-15-1, NOD Rec. 3/28/16 – TRUSTEES SALE POSTPONED UNTIL FRI., OCT. 7 AT 9AM


2 Stateline Rd., Crystal Bay, NV 89, APNs 123-031-01, 123-031-09, 123-044-06, TS#78338, NOD Rec. 3/15/16 – TRUSTEES SALE CANCELLED DUE TO BANKRUPTCY FILING


428 Pat Ct., APN 124-042-14, TS#L545473NV, NOD Rec. 12/10/14 & 1/7/16– TRUSTEE’S SALE SCHEDULED ON MON. AUG. 22 AT 11AM


739 Crosby Ct., #3, APN 129-220-03, TS#2014-00918-NV, NOD Rec. 6/30/15 & 8/3/15 - TRUSTEE’S SALE SCHEDULED ON MON. SEPT. 12 AT 11AM


834 Jennifer, APN 125-221-16, TS#NV14-01396-WF-NV, NOD Rec. 12/4/14 –TRUSTEE’S SALE POSTPONED UNTIL MON. OCT. 17 AT 11AM


1048 War Bonnet, APN 130-082-26, TS#10-43303-WF-NV, NOD Rec. 5/1/10 – TRUSTEES SALE POSTPONED UNTIL MON., NOV. 14 AT 11AM






Lucy Roman
Marketing Executive
Logo
940 Southwood Blvd., Ste. 203
Incline Village, NV 89451
Office: 
775.831.2488 Cell: 775.223.9568
Email: 
Lroman@firstam.com  | Website: http://www.firstam.com/rep/lroman/index.html
Facebook
LinkedIn



** Be aware! Online banking fraud is on the rise. If you receive an email containing WIRE TRANSFER INSTRUCTIONS call your escrow officer immediately to verify the information prior to sending funds.**




signature-fortune-100-2015


Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Realtor.com updates Incline Village MLS listings every 15 minutes. Follow this link to search.

Friday, August 19, 2016

These Words Can Help a Listing Sell Faster | Realtor Magazine

Public comments provided by listing agents can give information about the property amenities, architecture, and neighborhood information, and they can also impact the days a property is on the market, according to a new CoreLogic report.

CoreLogic researchers looked at more than 1 million single-family transactions controlled for listing price, geographic variations, and physical housing characteristics and found that certain phrases in public comments helped sell a home faster.


Read more: The Hottest Buzzwords in Listing Ads

Which words had the biggest impact? Researchers found that words like “fenced backyard,” “open concept,” “natural light,” and “updated kitchen” tended to reduce days on the market for a property.

“For those selling a home that happens to have these features, they should make sure to ask their listing agent to include these words and phrases in the public comments,” writes researchers Bin He and Matt Cannon at CoreLogic’s Insights blog.

Fences appeared four times in the top word pairs – such words that describe a backyard fence, full fence, or a fence in the yard. The researchers note that may reflect privacy is a top priority for buyers.

On the other hand, researchers pinpointed some words that seemed to make the listed property linger on the market, such as “golf course,” “gourmet kitchen,” “ceramic tile,” and “granite countertop.”

“While granite countertop has been popular, there is a recent surge in quarz’s popularity,” the researchers note at the blog. Also, “it appears two-story homes are going off market slower than one-story homes nationwide. Evidently, ‘two story’ is one of the word pairs that could increase days on the market, and ‘single story’ is one of the word pairs that could reduce days on the market for a listed property.”

Researchers were stumped on why properties with “gourmet kitchen” would stay on the market longer. “One possibility is that this luxury feature would lead to a higher property value,” He and Cannon posit. “Homes that have higher prices relative to their neighbors may have less demand than lower-priced, more affordable homes, and hence it takes a longer time to sell.”

Source: “Say What?! Public Listing Comments Can Have an Impact on Days on Market?” CoreLogic Insights blog (Aug. 12, 2016)

View article source:  These Words Can Help a Listing Sell Faster | Realtor Magazine:

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Realtor.com updates Incline Village MLS listings every 15 minutes. Follow this link to search.

Wednesday, August 17, 2016

The Idea of an Empty Nest Is Fading | Realtor Magazine

"So-called empty nesters are finding their homes aren’t so empty anymore. While the kids may have gone off to college, they’re coming back. Also, aging parents are moving in. It’s a full nest as multigenerational households soar.

About 19 percent of all Americans – or about 60.6 million – lived in a multigenerational household in 2014, according to a newly released Pew Research Center report. Multigenerational households may be comprised of parents, adult children, and grandchildren."

Read entire article:  The Idea of an Empty Nest Is Fading | Realtor Magazine:

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Realtor.com updates Incline Village MLS listings every 15 minutes. Follow this link to search.

Tuesday, August 9, 2016

Brace Your Buyers for Bidding Wars Here | Realtor Magazine

An interesting read.  Basically the S.F. Bay area is a seller's market on fire.  Great news for Tahoe sellers as well.



"In some markets, rising home prices are being triggered by bidding wars. Home buyers in California are the most likely to face steep competition for properties, according to a new study by CoreLogic. Seventeen of the top 30 cities with multiple offers that pushed sale prices above the list price are in California; eight are in Washington."

Link to Realtor Magazine entire article:



Brace Your Buyers for Bidding Wars Here | Realtor Magazine:







Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Friday, August 5, 2016

Realtor.com® Adds Yelp Reviews to Listings | Realtor Magazine

Link to entire article:  Realtor.com® Adds Yelp Reviews to Listings | Realtor Magazine:

"Realtor.com® announced Wednesday a new partnership with Yelp that allows home buyers to view online reviews of amenities near homes they're interested in. Realtor.com® also announced a new tool to help online shoppers find more neighborhood trend data to help become more familiar with a community."


Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Thursday, August 4, 2016

Landlord Nation: Boomers’ New Retirement Plan Is Millennials Paying Rent - Bloomberg

Both the sales and rental inventories are tight, particularly in Incline Village.  Prices have naturally been forced upward with no relief in the near term.  The success of alternatives for affordability is front and center.  Airbnb is the leading rental alternative.  Also, a higher occupancy per rental unit, or sharing a purchase, brings prices down.

Link to entire Bloomberg article:  Landlord Nation: Boomers’ New Retirement Plan Is Millennials Paying Rent - Bloomberg:

“We can all agree that there aren’t enough homes to buy, but if you look at rental rates, you can also say there aren’t enough homes to rent."

"... the share of U.S. households that rent is at its highest level since 1965, leading Redfin's Kelman to wonder whether the growing class of new landlords has wrought permanent change on the country's housing market."




Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Tuesday, August 2, 2016

Truckee And Incline Village Propel Lake Tahoe's Sales Volume / Inman.com


Link to entire Inman.com article:  Truckee And Incline Village Propel Lake Tahoe's Sales Volume:

"Key Takeaways

Median home price in Lake Tahoe increased 13 percent annually to $983,750 in the first half of 2016.

One $25 million estate purchase pushed Incline Village's median home price up 920 percent over last year's first six months. The estate had been on the market for over 1,500 days."

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Realtor.com updates Incline Village MLS listings every 15 minutes. Follow this link to search.

Monday, August 1, 2016

Luxury home sales in Lake Tahoe region take wing in first half of 2016 | The Sacramento Bee



"Luxury home sales in the North Lake Tahoe and Truckee areas took off in the first half of 2016, more than doubling numbers reported in the first six months of 2015, according to the regional office of Coldwell Banker Residential Brokerage.

Multiple Listing Service data showed 131 single-family homes and condo-town houses selling for $1 million or more in the January-June period, up from 65 in the first half of 2015. Most of those, 117, were single-family houses."


Read more here: http://www.sacbee.com/news/business/article92607667.html#storylink
Link to entire Sacbee article:  Luxury home sales in Lake Tahoe region take wing in first half of 2016 | The Sacramento Bee:

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Foreclosure Update as of 7-25-16 per First American Title, Incline Village, NV

Foreclosure activity for Incline Village, NV per Lucy Roman, Representative for First American Title of Incline Village, NV.

FORECLOSURES SOLD

321 Ski Way – Mountain Shadows #20, APN 126-090-20, TS#NV05000014-16-1, Rec. 7/12/16 
Sold for $290,000.

888 Peepsight Cir., APN 129-420-04, TS#14-01153-NS-NV, Rec. 7/8/16
Sold for $284,500.


NEW BANK REAL ESTATE OWNED:

321 Ski Way – Mountain Shadows #130, APN 126-142-12, Rec. 5/25/16, US Bank Nat’l Assoc., 1000 Technology Dr., O’Fallon, MO 63368 (Deed in lieu of foreclosure)


NEW FORECLOSURE NOTICES OF SALE:


807 Alder – All Seasons #35, APN 132-043-10, TS#NV-15-676561-HL, NOD Rec. 8/28/15 - TRUSTEE’S SALE SCHEDULED ON THURS., AUG. 11 AT 11AM

834 Jennifer, APN 125-221-16, TS#NV14-01396-WF-NV, NOD Rec. 12/4/14 – NEW TRUSTEE’S SALE SCHEDULED ON WED., AUG. 17 AT 11AM

1048 War Bonnet, APN 130-082-26, TS#10-43303-WF-NV, NOD Rec. 5/1/10 – TRUSTEES SALE POSTPONED UNTIL FRI., AUG. 12 AT 11AM

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Saturday, July 30, 2016

Lake Tahoe real estate: Short-term rentals — long-term problems? | SierraSun.com

"There are huge gaps in the traditional homeowner policy for second homes that should not be ignored. For example, what if a guest was injured while staying at your rental property and claimed you liable? Or, what if a guest damaged or destroyed your rental property as a result of a fire?
With a standard homeowner policy, these claims could be denied. Many insurance carriers will cancel policies if they discover the home is being rented on a short-term basis, typically 30 days or less at the time. If this happens, they’ll just tell you, you’re not covered.
The good news is there are now several preferred carriers that will write the type of policy that Tahoe and Truckee property owners need if they use their home as a vacation rental.
If you’re going to rent out your house, you want to make sure that the home is insured so that you, the owner, can you occupy it and also safely rent it out on a short-term basis."
Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Incline Village MLS listings are updated every 15 minutes on Realtor.com.  Follow this link to search.

Monday, July 25, 2016

UPDATE: Incline Village Newest Listings per Realtor.com - Link

Follow this link to view the newest Incline listings via Realtor.com

Incline Beach & Ski Beach, Incline Village, NV


Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Sunday, July 24, 2016

Incline Just Sold Real Estate - realtor.com®

View the latest CLOSED Incline deals with the reported escrow close dates via Realtor.com.

Link to Realtor.com Incline solds:  89451 Sold Home Prices - Incline Village, NV 89451 Recently Sold Real Estate - realtor.com®:

Lakeshore Realty Offices 954 Lakeshore Drive, Incline, NV

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Just in: Expect Housing Shortage to Worsen | Nevada Association of Realtors


Buying a home is hard enough these days as wannabe homeowners have to contend with a shortage of residences in some markets—along with ever-rising prices and plenty of drag-down, no-holds-barred competition. But guess what? It’s about to get even worse.

Builders and developers applied for fewer new-home construction permits in June, according to the U.S. Department of Commerce’s monthly new residential construction report

So get ready for a continuing decrease in the supply of new homes later this year and into the next. (It takes about six to nine months to complete a residence once a permit is secured.)

And, yes, that’s expected to drive prices up even higher. The number of permits issued were down 15.4%, to just 114,000, in June compared with the same month a year earlier, according to the report. But before panic sets in, it’s helpful to realize that this was actually a 5.8% bump from May. Read the entire story here.

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

New Incline / Crystal Bay Foreclosure Data per First American Title

The latest foreclosure updates for Incline/Crystal Bay.  Thank you to Lucy Roman of Incline First American Title.

NEW BANK OWNED FORECLOSURES:

997 Wander Way, APN 125-431-22, Rec. 6/28/16, USBC Bank USA Nat’l Assoc., c/o Specialized Loan Servicing LLC, 8742 Lucent Blvd., #300, Highlands Ranch, CO 80129

State Rte. 28, Crystal Bay, APN 123-043-01, TS#2016-001-CA, NOD Rec. 6/1/16



NEW FORECLOSURE NOTICE OF SALE:

2 Stateline Rd., Crystal Bay, NV 89, APNs 123-031-01, 123-031-09, 123-044-06, TS#78338, NOD Rec. 3/15/16 – TRUSTEES SALE SCHEDULED ON MON. AUG. 1 AT 11AM

1048 War Bonnet, APN 130-082-26, TS#10-43303-WF-NV, NOD Rec. 5/1/10 – TRUSTEES SALE SCHEDULED FOR THURS., JULY 7 AT 11AM


NEW LENDER NOTICE OF DEFAULT:


529 Lodgepole, APN 122-111-07, TS#13-01400-GT-NV, NOD Rec. 6/3/16






Lucy Roman
Marketing Executive
 First American Title

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Thursday, July 21, 2016

$35 million Tahoe estate seeks a Bay Area buyer - San Francisco Business Times


Here's a $35M beauty in Glenbrook as featured in an article in the San Francisco Business Times.

Abstract:

"A $35 million ultra luxe Tahoe estate is looking for a Bay Area buyer, its listing agent told the Business Times, as the area becomes more popular with high-end vacation home shoppers based in San Francisco or Silicon Valley."

Link to San Francisco Business Times entire article: $35 million Tahoe estate seeks a Bay Area buyer - San Francisco Business Times:

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Incline Village real estate: Lakeview subdivision spots worth the premium - Sierra Sun Newspaper




Here is an informative article about one of Incline's most popular subdivisions.

Credit for authorship goes to Don Kanare and Sabrina Belleci of ReMax Realty.

"With only a finite number of homes in the low elevation sector of our community, demand generally outstrips supply for those properties that exhibit a great location, outstanding architecture, superior remodeling or a combination of all three.

The ability to walk to Lakeshore Drive and the beaches plus the proximity to local shops, restaurants and businesses, makes the Lakeview subdivision of Incline Village an extremely desirable place in which to live.

The name of this subdivision could be considered somewhat of a misnomer since most of the properties have little to no view of Lake Tahoe. The relatively gentle slope of the land combined with the density of the trees, size and positioning of the homes, results in filtered views and peeks of the Lake, with the occasional nice view looking south across Tahoe."
Link to entire article:  Incline Village real estate: Lakeview subdivision spots worth the premium - Tahoe Bonanza / Sierra Sun Newspaper



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Wednesday, July 20, 2016

Q2 2016 Lake Tahoe Real Estate Market Report | Dave Westall Real Estate

Link to a nice presentation of Lake Tahoe market data by Dave Westall:  Q2 2016 Lake Tahoe Real Estate Market Report:


Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Incline Village real estate blog | LakeshoreRealty.com

FYI.. if you are into Incline Village real estate market statistics follow this link to the LakeshoreRealty.com blog.

Stats for June sales per LakeshoreRealty.com blog:  Incline Village real estate blog, Lake Tahoe real estate blog.:




















Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Lake Tahoe real estate: Home sales remain steady for summer | TahoeDailyTribune.com

Just as the stock market is making new highs, Lake Tahoe real estate is also headed toward that goal.

ABSTRACT from Tahoe Daily Tribune article:

"Sales volume in Incline was up 34 percent and units sold up 26 percent. Homes selling for more than a million leapt 59 percent. The average price of a home in Incline is $1.37 million (a six percent increase) and the median is $995,000 (up 17 percent)."


"Lake Tahoe home prices remain essentially unchanged for the first half of the year, while lake-wide sales rose slightly. The sale of homes over $1 million was up significantly (30 percent), primarily a result of strong sales in Incline Village.

The numbers are part of a report released July 6 by Chase International Real Estate, comparing all MLS sales from January 1, 2016, through June 30 to the same timeframe of 2015.

Sales volume around the lake rose an impressive 13 percent, while units sold was up 12 percent. The average price of a home is $779,128 while the median is $525,000, a 1 and 2 percent rise, respectively."


BY THE NUMBERS



$779,128: Average home sale price across entire region

$525,000: Median home sale price across entire region



$1.05 million: Average home sale price in Truckee market

$629,500: Median home sale price in Truckee market



$886,938: Average home sale price in Tahoe City market

$570,000: Median home sale price in Tahoe City market



$1.37 million:Average home sale price in Incline Village market

$995,000: Median home sale price in Incline Village market



Source: Chase International. Figures are for quarters 1 and 2 for 2016 (January through June)



Link to entire article:  Lake Tahoe real estate: Home sales remain steady for summer | TahoeDailyTribune.com:




Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Monday, July 18, 2016

It’s Not a Housing Bubble, It’s Just Expensive - Bloomberg

"But residential real estate isn’t in a speculative bubble, industry observers contend. Instead, a low inventory of available homes is driving prices higher—prices, however, will eventually recede as buyers throw up their hands, or as more new homes come on line. The structural issues that led to the housing collapse last decade aren't present."

“The havoc during the last cycle was the result of building too many homes and of speculation fueled by loose credit,” said Jonathan Smoke, chief economist at Realtor.com. “That’s the exact opposite of what we have today.”

Link to entire Bloomberg article:  It’s Not a Housing Bubble, It’s Just Expensive - Bloomberg:







Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Thursday, July 14, 2016

The Housing Market Is Waving a Red Flag - Bloomberg

Yup, affordability of an Incline home is nearly right back where it was in 2006, simply too pricey for families.

Article excerpt... "Almost nine years after the housing-market bust helped trigger the most recent recession, RealtyTrac senior vice president Daren Blomquist sees the industry waving a red flag.

The same fervent speculation that abetted the housing bubble is showing up in the bloated share of foreclosures snapped up by third-party investors at auction — a record 31 percent in June, according to RealtyTrac data that starts in 2000.

Many of those third-party buyers are "mom and pop" investors with less experience, said Blomquist. At the same time, institutional investors, a subset of the third-party investors who purchase at least 10 properties a year, are ducking out of the market.

And while investors at foreclosure auctions could rely on about a 40 percent discount from the previous sales price in the early years of the expansion, this year they're only garnering about a 30 percent markdown, Blomquist said.

"The pressure is building in the pressure cooker, and at some point that's going to need to be released," Blomquist said. There's a little time — "probably not in the next month or two but in the next couple of years," a downturn should set in, he said."

Link to entire Bloomberg article:  The Housing Market Is Waving a Red Flag - Bloomberg:



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Owners of Lake Tahoe’s famed Cal Neva resort file for bankruptcy | SierraSun.com

Link to Sierra Sun entire article:  Owners of Lake Tahoe’s famed Cal Neva resort file for bankruptcy | SierraSun.com:



A look at the famed Cal Neva from Lake Tahoe. The resort's tower — the tallest structure on the North Shore — was scheduled to receive upgrades and a new paint job as part of project renovations.



INCLINE VILLAGE, Nev. — Built in 1926, the Cal Neva Lodge & Casino, once owned by Frank Sinatra and frequented by the likes of the Rat Pack, Marilyn Monroe and members of the Kennedy family, is undoubtedly the most historic resort at North Lake Tahoe.

In more recent years, however, that history has been forgettable, as efforts to restore and reopen the famed resort hugging the North Shore’s California-Nevada state line have continually fallen by the wayside.

This infamous history is repeating itself once again, as Criswell-Radovan, the owner of the property since 2013, filed for bankruptcy on June 10, 2016, putting the multimillion-dollar redevelopment the company started in 2014 back in deep waters.

According to legal documents obtained by the North Lake Tahoe Bonanza, Criswell-Radovan owes more than $27 million to creditors affiliated with the project, including $7 million to lead contractor The Penta Building Group, which is based in Las Vegas and has an office in Reno.

Documents also reveal Ladera Development, the secured creditor of the project that’s also owed $7 million, had set a foreclosure sale initially for April 20, 2016, before extending the sale date through June 10, 2016, which prompted the developers to file for bankruptcy on that date.


Neither officials with Criswell-Radovan, or the company’s legal counsel, Jeffer Mangels Butler & Mitchell, could be reached for comment on this story, despite multiple email and phone call attempts.

Kristina Hill, an Incline Village-based planner who helped the Napa Valley-based development company acquire the necessary permits from Tahoe Regional Planning Agency and Washoe County to begin construction on the property, said Penta Construction stopped working on the project in December 2015.

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

$59 million Tahoe estate where part of ‘Bonanza’ was filmed hits market | SierraSun.com

The estate at 550 & 560 Sierra Sunset Lane in Zephyr Cove is on the market for a a cool $59 million.



ZEPHYR COVE, Nev. — Palatial homes and mountain style architecture are common along Lake Tahoe’s shoreline. Equestrian properties with large land tracts are rare.

First-class equestrian facilities are just one feature that makes the Sierra Sunset property listing an unrivaled piece of real estate. A 378-foot stretch of sandy beach and pier with boat hoist, 13-acre irrigated meadow for horses, and a 16,703-square-foot main house make it worth every penny of the $59 million price tag.

Located in Zephyr Cove, Sierra Sunset sits on 31 acres nestled against the eastern shore of Lake Tahoe. Owned by telecom executive George Schmitt and wife Clare, the property has been a proven haven for prized racehorses. The barn houses 15 heated stalls, an office, grooming area and an adjacent 1,348-square-foot caretaker’s quarters.

The main residence boasts commercial grade construction completed by Q&D builders in 2004, with more than 400 tons of Montana stone gracing the exterior. It features eight bedroom suites. most with fireplaces and lakeside terraces, grand foyer, great room, gourmet kitchen with butler’s pantry, formal dining room, wine room with seating, craft room, game room, home theatre, rear staircase and four-car heated garage. A two bedroom guest home with lower garage is set just outside the main house gates.

The property’s meadow is recognizable to those who followed the hit series “Bonanza,” NBC’s longest running Western that was filmed along Tahoe’s shores and aired between 1959-1973. The opening scene was filmed in the meadow at this beautiful property, with views of Lake Tahoe in the background.


“The quality and detail of this spectacular custom home sets it apart from other lakefront estates,” said co-listing agent Lexi Cerretti, of Sotheby’s International Realty. “Rarely do we find recent construction of this scale, combined with coveted lake front amenities of a long sandy beach and pier.”

“What’s special about the private location is the proximity to world class skiing, dining and entertainment just minutes from the front gate,” added Dan Spano, co-listing agent for the estate. “Both South Lake Tahoe and Minden Airports are easily accessible for private jets, and the Nevada address is coveted for tax reasons.”

While the sought-after location, architecture, exquisite setting and nearby recreational amenities make Sierra Sunset a treasure on its own, it’s the equestrian facilities that set this lakefront estate apart from all other Lake Tahoe properties.

  The Schmitts are extremely proud of the thoroughbreds raised on the property. Their prize-winning horses include Sierra Sweetie (two-year-old Filly of the Year in California), Cinderella Liberty (two-year-old Filly of the Year in Washington), and the namesake Sierra Sunset, a leading Sophomore Sire in the California and Kentucky Derby qualifiers.

According to the current owners, the estate’s buyer will be provided with the opportunity to submit a name to be considered for the next yearling raised on the property that is in line to become a bonafide racehorse, within reason of Jockey Club approval.

This article was submitted on behalf of Sierra Sotheby’s International Realty, with eight office locations throughout Lake Tahoe and Truckee: Incline Village, South Lake Tahoe, Squaw Valley, Stateline/Village at Heavenly, Tahoe City Gallery, Tahoe Donner, Downtown Truckee and Tahoe City Lakeside. Visit sierrasothebysrealty.com to learn more.

Link to original Tahoe Bonanza Article:  $59 million Tahoe estate where part of ‘Bonanza’ was filmed hits market | SierraSun.com:



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Monday, July 11, 2016

Incline Village real estate: The East Slope – land of lake views | SierraSun.com



Link to Sierra Sun Article:  Incline Village real estate: The East Slope – land of lake views | SierraSun.com:



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.