VACATION RENTAL DEAL ON CRAIG'S LIST

$600 / 2br - 1600ft² - Tahoe June 9-16: Sleeps 6 Incline Village (Incline Village, NV)

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Date: 2012-05-20, 4:43PM PDT
Reply to: bnzkz-3027733726@hous.craigslist.org ^{[Errors when replying to ads?]}

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I have a nonrefundable week booked at Club Tahoe in Incline Village from June 9-16. Due to a family emergency, I will not be able to make the trip and am selling this stay at a huge discount.

Check it out at clubtahoe.com.

$600 for the week or best offer

(please note: no pets are allowed and smoking is prohibited)

• Location: Incline Village, NV
• it's NOT ok to contact this poster with services or other commercial interests

PostingID: 3027733726

NOTE:  This is not my condo rental.  I'm posting it because it came to my attention via Google Alerts and is a great deal.  Contact the owner via Craig's to take advantage of the bargain price.

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

MLS JUST SOLD - 916 LAKESHORE DRIVE

LINK TO LISTING DETAILS: Just Sold - 916 Lakeshore Drive - Ask Price: $2,695,000 Sold Price: $2,300,000

It's notable that the sales price for 916 Lakeshore Drive was 85% of the ask price.  The property was on the market at the end of 2010 for the ask price of $3,375,000.

Follow the link above to also view just sold sales information for 624 14th Green Drive.  It also sold on May 11.  The final ask price was $1,595,000 and the sales price was $1,418,750, 89% of the listed price.  The initial listing price was $1,695,000 when the property was first placed on the market in June of 2011.

These two new sales indicate that sellers in the upper price ranges, over one million, in Incline, are still stubborn about listing at realistic market prices.  In general they list too high and go fishing for uninformed buyers.  The listing, more often than not, becomes stale and overlooked.  These sellers have to be made to realize that buyers now have fantastic tools to determine fair pricing.  The good old boy days when buyers did not have prior and current sale information within an area, at their fingertips, are long gone.  Tools like Zillow.com, Realtor.com, Trulia.com, and online county public record searching tell the story and provide valuation models as a base to measure a fair sales price.

I have always thought that investment in a professional appraisal is golden for higher priced custom homes.  Most are unique, with varied features / specifications, and need a thorough valuation analysis to accurately price them.

If you are considering listing your home and would like an in-depth professional appraisal to ensure accurate list pricing, contact me for a listing presentation that includes that level of service.  When a seller can present a recent, state licensee appraisal, to a buyer, both parties can feel better about settling on a fair price for the deal.

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog.  For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

MLS - Incline Village Homes Sold YTD 2012

LINK: RESIDENTIAL LISTINGS SOLD YEAR TO DATE WITHIN INCLINE VILLAGE



587 Fallen Leaf Way

Sold: 4/26/2012  Ask: $3,295,000  Sold: $2,886,000  Selling Agent:  Pam Fernandez of Lakeshore Realty

List Price $3,295,000 $1,095,000 $361,309 Expire Date 10/31/12 08/06/12 05/31/12 Selling Price $2,886,000 $937,500 $361,309 $SP/SF $597 $290 $228 $SP/$LP Ratio 87.59% 85.62% 100.00% Sold Date 04/26/12 04/18/12 04/17/12 DOMarket 471List Price $3,295,000 $1,095,000 $361,309 Expire Date 10/31/12 08/06/12 05/31/12 Selling Price $2,886,000 $937,500 $361,309 $SP/SF $597 $290 $228 $SP/$LP Ratio 87.59% 85.62% 100.00% Sold Date 04/26/12 04/18/12 04/17/12 DOMarket 471
Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog.   For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

Falling prices lure second-home shoppers to Lake Tahoe area - Real Estate - The Sacramento Bee

By Hudson Sangree and Phillip Reese
hsangree@sacbee.com

Follow this link to view this Sacramento Bee story describing the current state of Lake Tahoe real estate pricing and increased buyer interest due to that fact.

Link: Falling prices lure second-home shoppers to Lake Tahoe area - Real Estate - The Sacramento Bee:

"Like a lot of vacationers, Rick and Kristie Santos would return from trips to Lake Tahoe during the housing boom wondering what it would take to own a second home there.

They were always disappointed when they looked at the listings.  "You'd jump online and never could afford it," Krities Santos said.  "It was out of reach."

Lately, however, with interest rates dipping below 4 percent and home prices seeking bottom, the Fair Oaks couple started thinking differently.  The Santoses recently joined a growing number of would-be buyers scouting the Tahoe area for second homes."

Incline Beach, Incline Village, Nevada

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog.  For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

JUST SOLD - McCloud unit 234, 931 Incline Way - Asked: $425k Sold: $350k

LINK: MLS Sale data for McCloud unit 234

This unit was listed on 6/30/11 and the deal was a short sale.



Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog.  For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

March Pending Home Sales Rise, Market Recovering | Realtor.org

Nationally home sales are recovering.  Locally, here in Incline Village, sales are up slightly year to date and prices are at their lowest levels since the Great Recession ensued.  If you are interested in buying, now is absolutely the time.  I expect this summer to finally bring balance to the market and provide a base for future growth.

Read about the state of the national market via this link:

March Pending Home Sales Rise, Market Recovering | realtor.org:

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog.   For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

Incline Village real estate: Buyers find gems among pocket listings | TahoeBonanza.com

LINK:  Incline Village real estate: Buyers find gems among pocket listings | TahoeBonanza.com:

Don Kanare of Re/Max, in the Tahoe Bonanza article, writes a good description of off market pocket listing deals that may take place in Incline.  He points out the value of using a local Realtor to sniff out deals.  A local Realtor networks with other salespeople, brokers, contractors, community managers, rental agents and more.

Don's story could be expanded to discuss how the deals are executed in terms of paperwork that should be completed.  You hear many seller customers state "If you bring me a buyer, I'll sell," but I don't want to list the property for sale and have crowds tramp through my home.  In such a situation, a Realtor representing a seller should obtain a one party exclusive listing naming the seller and buyer.  If the parties are not committed to documentation, either may change the deal verbally at any time.  That could become messy.

I have to laugh at the type of seller that wants to sell but is not willing to take action and list.  Compare it to the scenario where you are selling a car, rv or the like.  I want to sell my vehicle but I'm not advertising it or letting anyone test drive it.  The chance of executing a sale under those conditions is a very low percentage, close to zip.

Pocket listings can lead to a deal but they are by far the exception.  Serious sellers should list exclusively with a broker that will work to sell the property for the promise of a commission.

Eagle Falls above Emerald Bay spilling into Lake Tahoe

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

RENO GAZETTE JOURNAL WRITER JUN LONG - DEMAND UP FOR TAHOE HOMES UNDER 500K

RGJ business writer Yun Long interviewed Chase brokerage senior vice president and broker Sue Lowe regarding the current year to date state of the Tahoe real estate market.

In summary, their data displays improvement over last year with more properties sold and demand is trending upward at the lower price levels.  Prices dropped compared to last year and inventory is very low, somewhat artificially, because of the shadow lender inventory being held off the market in Nevada due to AB284 legislation.  The new Nevada law caused lenders to pull back due to accountability requirements.

It should be noted that the article primarily discusses single family home sales.  Also, since the Tahoe basin is a very seasonal and relatively small market for real estate sales, data can be easily skewed with a few low priced, or high priced, sales such as the expensive lakefront estates.

Here is the link to the article:  RGJ writer Yun Long Tahoe basin YTD real estate sales article.

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog.  For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

NICE SELECTION OF LAKEFRONT HOMES CURRENTLY ON THE MARKET

Lakefront is what everyone wants to own and right now there is a decent selection listed.  Follow this link to review the current inventory.  LINK: MLS - LAKEFRONT HOME SELECTION

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog.   For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

MCCLOUD CONDOS ARE SELLING - PRICES REMAIN LOW

McCloud unit 96, a one bedroom penthouse unit, is now priced at $279,000.  That asking price should attract buyers.  The complex has a great location, is close to Incline Beach, the recreation center and the tennis complex.  McCloud units are relatively small in square footage but easy to own and they rent well as vacation rentals.

LINK: ACTIVE MCCLOUD LISTINGS as of 4/29/2011

There are currently nine active McCloud condo units on the market.  That number is down quite a bit when compared to last summer's selling season when there were typically about 15 units for sale.  Two units are currently in escrow.

Three bedroom units are now priced in the 500k to 600k range.  Two bedroom units are ranging from about 350k to 450k, depending on size, location and condition.  There is one one-bedroom unit on the market and it is listed at $279,000.

The inventory is being absorbed but prices are still at market lows relative to historical pricing.  Before the economic meltdown, the two bedrooms were running over 500k and the three bedrooms were in the high 700k area.

Thank you for viewing the Lake Tahoe / Incline Village Real Estate Blog.   For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

MLS LISTINGS - INCLINE VILLAGE PANORAMIC VIEW HOMES

INCLINE VILLAGE PANORAMIC VIEW HOME MLS LISTINGS

Panoramic view home listing information is the most often requested after lakefront listing data.  Follow the link above to view the current offerings.

$1,950,000 07/27/05The home at 483 Fairview, with an asking price $1,695,000 has a great location and is now priced attractively.  The last sale price on the property was $1,950,000 on 7/27/2005.  That was three years before Lehman Brothers crashed in the fall of 2008.  On it's face, I think this property is undervalued.
07/27/05$1,950,000
Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog.   For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.$1,950,000 07/27/05

Incline Village real estate: IPOs and property values | TahoeBonanza.com

Don Kanare, local Incline Realtor wrote an interesting piece about the influence that the San Francisco Bay Area technology industry is having on Lake Tahoe real estate.  In particular, he points out how avoiding California income tax by becoming a Nevada resident could possibly pay for a home here in Incline Village.

Incline Village real estate: IPOs and property values | TahoeBonanza.com:

Don Kanare writes... "With California income taxes for high earning individuals having fluctuated between 9% and 11% over the years, anyone with a few million dollars in stock options can practically get a free residence in Incline Village or Crystal Bay just from the tax savings. The math is pretty straightforward. Relocate to Nevada and establish residency here. Live here for a long enough time to satisfy your accountant and the tax authorities, then exercise your stock options and you have magically avoided paying state income tax to the State of California."

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

INCLINE VILLAGE DISTRESSED FORECLOSURE LIST - FIRST AMERICAN TITLE - LUCY ROMAN

The latest list for Incline/Crystal Bay is attached.  These are the changes to the previous list dated 4/2/12.   I have not been listing properties that have only HOA liens against them and not bank defaults.  I will be listing these defaults only if they go to sale and it will show that the sale is HOA only.  If you have any questions, please call me. 

Effective October 1, 2011, AB284 of the 2011 Legislative session revised NRS 107 and now requires an Affidavit of Authority to Exercise Power of Sale to accompany Notices of Default. This legislation has limited the number of Notice of Default recordings since that date.

Please remember that I provide this information to earn your business. When you are writing contracts and talking to your buyers about a title company that you would recommend, please write First American Title on your contract.  I really appreciate your escrows!

CANCELLATION OF DEFAULT NOTIFICATION  (Removed from list):

825 Geraldine, APN 125-223-08, TS#11-0040035, Rec. 4/10/12

SOLD PROPERTIES (Removed from list):

700 College – Mt. Rose Chalets #35, APN 129-251-15, Rec. 4/5/12, FNMA, 135 N. Robles, Ste. 300, Pasadena, CA 91101 – Sold for $220,000

910 Harold #C, APN 131-121-35, Rec. 3/30/12, US Bank Nat’l, 3476 Stateview Blvd., Fort Mill, SC 29715 – Sold for $270,000

120 Country Club #12, APN 130-180-12, Rec. 3/28/12, Deutsche Bank, c/o American Home Mortgage Serv., 4875 Belfort Rd., Jacksonville, FL 32256 – Sold for $285,000

NEW LENDER OWNED REAL ESTATE OWNED (REO):

872 Tanager – Pinebrook #28, APN 132-570-11, Rec. 3/28/12, Pennymac Corp., 6101 Condor Dr., #200, Moorpark, CA 93021

NEW LENDER NOTICES OF DEFAULT:

825 Southwood – Southwood Pines #9, APN 127-110-09, TS#1045933-02, NOD Rec. 4/4/12

NEW NOTICES OF SALE:

866 Northwood – Northwood Est. #30, APN 124-340-30, TS#10-02-2520-NV, NOD Rec. 9/20/11- TRUSTEES SALE POSTPONED UNTIL TUES. 7/24/12 AT 11AM

971 Tyner, APN 125-171-16, TS#NV08000278-11-1 & TS#11-33047-BA-NV, NOD Rec. 5/19/11 & 9/16/11 - TRUSTEES SALE SCHEDULED ON THURS. 5/3/11 AT 11AM

978 Glenrock #52, APN 131-021-17, TS#NV-11-463721-CT, NOD Rec. 8/19/11- TRUSTEES SALE POSTPONED UNTIL FRI. 5/4/12 AT 11AM

631 Village, APN 129-390-06, TS#11-03135-3 NOD Rec. 7/22/11 - TRUSTEES SALE POSTPONED UNTIL MON. 7/9/12 AT 11AM

853 McCourry,  APN 124-810-08, TS#11-0012901, Rec. 2/22/11 – TRUSTEES SALE POSTPONED UNTIL FRI. 5/18/12 AT 11AM

934 Miners Ridge #B, APN 129-600-02, TS#138036NV, Rec. 11/16/09 – TRUSTEES SALE SCHEDULED ON THURS. 5/10/12 AT 11AM

751 Tahoe Blvd. – Toepa #25, APN 132-192-01, TS#10-30888-FF-NV, NOD Rec. 3/22/10 – TRUSTEES SALE SCHEDULED ON MON. 5/7/12 AT 11AM

501 Lakeshore – Lakeshore Terrace #6, APN 122-510-06, TS#128540NV, NOD Rec. 10/1/08 & 11/14/08  – TRUSTEES SALE POSTPONED UNTIL TUES. 5/29/12 AT 11AM

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

CALIFORNIA HOME PRICES RISE FOR THE FIRST TIME IN 16 MONTHS - BLOOMBERG

California Home Prices Rise for First Time in 16 Months - Bloomberg:

This link to the news article sourced from the California Association of Realtors is interesting in light of the fact that Shiller (in my last blog entry) claims that real estate is not an investment.  My thoughts were that he does not address the tax or lifestyle benefits of owning a home.

The real estate is up or down discussion is the same as the stock market... depends on who you are interviewing and what their political leaning is that day.

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

ROBERT SHILLER: HOUSING IS NOT AN INVESTMENT - BUSINESS INSIDER

ROBERT SHILLER: Housing Is Not An Investment - Business Insider:

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

Incline Village real estate: Lower-priced condos in demand | TahoeBonanza.com

Follow the link below to read a good analysis of the current status of the condo market here in Incline Village.  Thanks to Don Kanare and the Tahoe Bonanza for the number crunching and publication.

INCLINE VILLAGE, Nev. — The Incline Village real estate market is off to a good start in 2012 with sales occurring in every price range up to $6 million during the first quarter. One sector of the market seeing a disproportionate amount of activity is the lower-priced condos in Incline Village and Crystal Bay.

LINK:  Incline Village real estate: Lower-priced condos in demand | TahoeBonanza.com

A Mountain Shadows Condo Interior - 3 bedroom.  Current pricing in the complex finds units available for less than $300,000.

DISTRESSED INCLINE VILLAGE PROPERTY LIST AS OF 4-2-12

Thank you to Lucy Roman of First American Title, Incline Village for this complilation of distressed property.

CANCELLATION OF FORECLOSURE STATUS:

524 Sugarpine Dr., APN 122-115-11, TS#11-30051-WA-NV, Rec. 3/28/12

1225 Styria, APN 126-52-217, TS#11-30051-WA-NV, Rec. 3/29/12

FORECLOSURES SOLD:

1057 Mill Creek Rd., APN 130-202-20, TS#143382NV, Rec. 3/30/12 – Sold for $720,000

NEW LENDER OWNED FORECLOSURES (REOs):

801 Tahoe Blvd. #3, APN 132-270-03, Rec. 3/27/12 – Back to beneficiary; no recorded docs yet

875 Southwood – L’Ermitage #17, APN 127-420-17, Rec. 3/28/12, Federal Home Loan Mortgage Corp., 5000 Plano Pkway, Carrollton, TX 75010

522 McDonald, APN 124-072-08, Rec. 3/14/12, Bank of America, 4161 Piedmont Pkway., Greensboro, NC 27410

NEW LENDER FORECLOSURE NOTICES OF DEFAULT:

873 Rosewood, APN 129-290-125, TS#1097880-TO, NOD Rec. 3/21/12

848 Rosewood, APN 129-290-110, TS#1097879-TO, NOD Rec. 3/21/12

873 Rosewood, APN 129-290-109, TS#1097868-TO, NOD Rec. 3/21/12

725 Tyner, APN 125-132-08, TS#2420953-RMD, NOD Rec. 3/7/12 – previous incorrect APN# per datasource

NEW FORECLOSURE NOTICES OF SALE:

696 Village – Woodminster #31, APN 131-031-22, TS#30391, NOD Rec. 1/3/12  - TRUSTEES SALE SCHEDULE ON WED. 4/25/12  AT 10:30AM BY WOODMINSTER HOA

1132 Altdorf Terrace, APN 126-082-24, TS#147000NV, NOD Rec. 5/25/11 – TRUSTEES SALE SCHEDULED ON MON. 4/23/12 AT 10AM BY HOA

771 Randall, APN 125-253-07, TS#10-32338-WA-NV, NOD Rec. 3/30/11 – TRUSTEES SALE POSTPONED UNTIL FRI. 5/11/12 AT 11AM

666 Tyner, APN 125-462-03, TS#146182NV, NOD Rec. 3/16/11 – TRUSTEES SALE POSTPONED UNTIL MON. 5/21/12 AT 11AM

853 McCourry,  APN 124-810-08, TS#11-0012901, NOD Rec. 2/22/11– TRUSTEES SALE SCHEDULED ON THURS. 4/19/12 AT 11AM

903 Jennifer, APN 125-361-04, TS#11-40199-WF-NV, NOD Rec. 2/2/11 – TRUSTEES SALE POSTPONED UNTIL TUES. 5/8/12 AT 11AM

978 Glenrock #52, APN 131-021-17, TS#NV-11-463721-CT, NOD Rec. 8/19/11 - TRUSTEES SALE SCHEDULED ON THURS. 4/12/12 AT 11AM

940 Wendy Ln., APN 131-133-06, TS#11-00420-3NV, NOD Rec. 1/27/11– TRUSTEES SALE POSTPONED UNTIL MON. 4/30/12 AT 11AM

635 Alpine View Dr., APN 131-212-12, TS#10-33357-WA-NV, NOD Rec. 12/22/10 – TRUSTEES SALE POSTPONED UNTIL TUES. 5/15/12 AT 11AM

745 Crosby Ct. #103, APN 129-260-18, TS#NV09005530-10-1, NOD Rec. 10/18/10 - TRUSTEES SALE SCHEDULED ON WED. 4/18/12 CANCELLED

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

UPDATE - DISTRESSED PROPERTY / FORECLOSURE LIST

Thank you to First American Titles Lucy Roman for compiling this informative distressed property list.

Effective October 1, 2011, AB284 of the 2011 Legislative session revised NRS 107 and now requires an Affidavit of Authority to Exercise Power of Sale to accompany Notices of Default. This legislation has limited the number of Notice of Default recordings since that date.

FORECLOSURES SOLD  (Removed from list)

456 Ponderosa, APN 123-010-07, TS#11-11206, Rec. 3/9/12– Sold for $5,875,000

801 Northwood – Incline Manor #10, APN 132-030-10, TS#NV09002968-10-1, Rec. 3/8/12 – Sold at Trustee’s Sale to third party for $102,256.00

335 Ski Way – Burgundy Hill #302, APN 126-172-05, Rec. 3/7/12, US Bank, c/o Recontrust Co., 400 National Way, Simi Valley, CA 93065 – Sold for $160,000

NEW LENDER OWNED (REAL ESTATE OWNED / REO) :

928 Wendy #4, APN 131-340-04, Rec. 3/5/12 – Back to beneficiary; no recorded docs yet

NEW  NOTICES OF DEFAULT:

719 Tyner, APN 125-132-05, NOD Rec. 3/7/12

590 Lakeshore, APN 122-128-16, NOD Rec. 3/5/12

NEW LENDER FILED NOTICES OF SALE:

631 Village, APN 129-390-06, TS#11-03135-3 NOD Rec. 7/22/11 - TRUSTEES SALE SCHEDULED ON TUES. 4/10/12 AT 11AM

666 Tyner, APN 125-462-03, TS#146182NV, NOD Rec. 3/16/11 – TRUSTEES SALE POSTPONED UNTIL THURS. 4/5/12 AT 11AM

837 Southwood – Creekside West #22,  APN 127-12-022, TS#5432, NOD Rec. 1/31/11– TRUSTEES SALE SCHEDULED ON 5/23/12 AT 11AM BY HOA (Previously cancelled in error.)

501 Lakeshore – Lakeshore Terrace #6, APN 122-510-06, TS#128540NV, NOD Rec. 10/1/08 & 11/14/08 – TRUSTEES SALE POSTPONED UNTIL FRI. 4/13/12 AT 11AM

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

NORTH TAHOE MADE THE BARRON'S LIST

The secret is still safe!  The Barron's writers do not mention Incline Village specifically, in the below linked article, The 20 Best Places For Second Homes.  They only mention North Lake Tahoe.  Follow the link below to read the article.
SATURDAY, MARCH 3, 2012

20 Best Places For Second Homes

By STEVEN SEARS, MARK VEVERKA AND SANDRA WARD | MORE ARTICLES BY AUTHOR
Last year was brutal for second homes in the nation's most affluent areas. But the market is firming up again. Here's our list, expanded to 20 sites, for those seeking top-tier refuges.
LINK :  20 Best Places For Second Homes

 

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

MLS LISTED DISTRESSED CONDOS as of 3/6/12

LINK: 11 CONDOS LISTED AS DISTRESSED IN THE INCLINE MLS



Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

10 PURE LAKEFRONT INCLINE VILLAGE MLS HOME LISTINGS

LINK: 10 LAKEFRONT MLS LISTINGS IN INCLINE VILLAGE, NEVADA





Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

FOUR 3 BEDROOM CONDOS UNDER $200,000

LINK:  Four Incline Village 3 bedroom condos priced under $200,000.



Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

INCLINE VILLAGE FORECLOSURE UPDATE PER FIRST AMERICAN TITLE - as of 3/1/12

Thank you to Lucy Roman of First American Title of Nevada here in Incline Village for the latest foreclosure update.  Note the opening paragraph following.  Foreclosures have slowed and the MLS inventory is shrinking due to the new Nevada law AB284.


The activity below includes foreclosure activity that has occurred  from 2/10/12 through 3/1/12.

Effective October 1, 2011, AB284 of the 2011 Legislative session revised NRS 107 and now requires an Affidavit of Authority to Exercise Power of Sale to accompany Notices of Default. This legislation has limited the number of Notice of Default recordings since that date.

SOLD (Removed from list)

880 Golfers Pass #3, APN 129-340-03, Rec. 1/24/12, Federal Nat’l Mortgage Assoc., 800 Nations Way, Jacksonville, FL 32256 – Sold for $239,000

NEW REOS:

810 Alder – Incline Manor #62, APN 132-030-62, TS#11-33466-BA-NV, Rec. 2/16/12, FNMA, 135 N. Robles, Ste. 300, Pasadena, CA 91101

NEW NOTICES OF SALE:

866 Northwood – Northwood Est. #30, APN 124-340-30, TS#10-02-2520-NV, NOD Rec. 9/20/11- TRUSTEES SALE POSTPONED UNTIL WED. 5/30/12 AT 11AM

801 Tahoe Blvd. #3, APN 132-270-03, Rec. 12/13/11 - TRUSTEES SALE POSTPONED UNTIL TUES. 3/13/12 AT 11AM

872 Tanager – Pinebrook #28, APN 132-570-11, TS#11-41375-WF-NV, NOD Rec. 8/8/11 - TRUSTEES SALE SCHEDULED ON WED. 3/21/12 AT 11AM

989 Tahoe Blvd - Tahoe Racquet Club #67, APN 127-362-27, TS#3958 & 11-40656-WF-NV, NOD Rec. 8/12/09 & 4/25/11 – TRUSTEES SALE POSTPONED UNTIL THURS. 4/26/12 AT 11AM

771 Randall, APN 125-253-07, TS#10-32338-WA-NV, NOD Rec. 3/30/11– TRUSTEES SALE POSTPONED UNTIL WED. 4/11/12  AT11AM

903 Jennifer, APN 125-361-04, TS#11-40199-WF-NV, NOD Rec. 2/2/11 – TRUSTEES SALE POSTPONED UNTIL FRI. 4/6/12 AT 11AM

635 Alpine View Dr., APN 131-212-12, TS#10-33357-WA-NV, NOD Rec. 12/22/10 – TRUSTEES SALE SCHEDULED ON MON. 3/26/12 AT 11AM

801 Northwood – Incline Manor #10, APN 132-030-10, TS#NV09002968-10-1, NOD Rec. 6/9/10 – TRUSTEE’S SALE POSTPONED UNTIL THURS. 3/8/12 AT 11AM

501 Lakeshore – Lakeshore Terrace #6, APN 122-510-06, TS#128540NV, NOD Rec. 10/1/08 & 11/14/08 – TRUSTEES SALE SCHEDULED ON TUES. 3/13/12 AT 11AM

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SHADOW (FORECLOSURE) INVENTORY WILL SLOW WASHOE COUNTY HOUSING MARKET IN COMING YEARS | Reno Gazette-Journal | rgj.com

LINK:  Shadow Inventory will slow Washoe County housing market in coming years | Reno Gazette-Journal | rgj.com:

This article is comprehensively researched and provides what I believe is an accurate view of where the market is headed in the future. Hopefully "years" means only perhaps two years, at least in Incline. In the near future at least, it is still a buyer's market.

Incline Village real estate area map

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Distressed Property List - Incline / Crystal Bay as of 12-16-11 Source: First American Title

CANCELLATION OF DEFAULT (Removed from list)
120 Juanita- Northshore Est. #21, APN 127-310-21, TS#140877NV, Rec. 11/29/11
945 Harold – Chateau Condos #7, APN 131-170-04, TS#NV090006280-10-1, Rec. 12/1/11

SOLD (Removed from list)
801 Tahoe Blvd. #3, APN 132-270-03, Rec. 12/13/11, USBC c/o Wells Fargo, 3476 Stateview Blvd., MAC#X7801-013, Fort Mill, SC 29715 – Sold for $196,350
887 S. Dyer, APN 124-083-33, Rec. 12/9/11, US Bank Nat’l, 3476 Stateview Blvd., MAC#X7801-013, Fort Mill, SC 29715 – Sold for $380,000
400 Fairview – Bitterbrush #120, APN 126-295-12, Rec. 12/13/11, Bank of New York Mellon, c/o Recontrust Co., 400 National Way, Simi Valley, CA 93065 – Sold for $327,600
200 Village Blvd. #3, APN 132-591-04, Rec. 12/7/11, GMAC Mortgage Corp., 1100 Virginia Dr., Fort Washington, PA 19034 – Sold for $512,000
866 Northwood – Northwood Est. #31, APN 124-340-31, Rec. 12/2/11 – Sold for $225,000
861 Southwood – High Sierra #20, APN 127-250-02, TS#11-02348-3 NV, Rec. 11/22/11 – Sold at Trustee’s Sale for $196,500
756 Joyce, APN 122-202-20, TS#10-08-10014-NV, Rec. 12/13/11 – Sold at Trustee’s Sale for $570,100

NEW NOTICES OF SALE:
978 Glenrock #52, APN 131-021-17, TS#NV-11-463721-CT, NOD Rec. 8/19/11- TRUSTEES SALE SCHEDULED ON FRI. 12/30/11 AT 11AM
989 Tahoe Blvd - Tahoe Racquet Club #67, APN 127-362-27, TS#3958 & 11-40656-WF-NV, NOD Rec. 8/12/09 & 4/25/11 – TRUSTEES SALE SCHEDULED ON THURS. 1/19/12 AT 11AM
771 Randall, APN 125-253-07, TS#10-32338-WA-NV, NOD Rec. 3/30/11 – TRUSTEES SALE SCHEDULED ON THURS. 1/12/12 AT 11AM
968 Granite Ct., APN 128-060-08, TS#11-40523-WF-NV, NOD Rec. 3/10/11 – TRUSTEES SALE SCHEDULED ON THURS. 1/12/12 AT 11AM
853 McCourry, APN 124-810-08, TS#11-0012901, NOD Rec. 2/22/11 – TRUSTEES SALE SCHEDULED ON WED. 1/11/12 AT 11AM
903 Jennifer, APN 125-361-04, TS#11-40199-WF-NV, NOD Rec. 2/2/11 – TRUSTEES SALE POSTPONED UNTIL FRI. 1/6/12 AT 11AM
780 Geraldine, APN 125-244-36, TS#143550NV, NOD Rec. 11/15/10 – TRUSTEES SALE ON 12/13/11 CANCELLED
830 Oriole – White Pines Condo #16, APN 132-251-16, TS#8/9/5554, TS#10-06-7158-NV, NOD Rec. 11/6/08, 4/8/10, & 7/8/10, Bank & HOA – TRUSTEE’S SALE POSTPONED UNTIL WED. 2/8/12 AT 11AM
807 Alder – Woodstock #16, APN 132-042-07, TS#NV09003315-10-1, NOD Rec. 6/30/10 – TRUSTEE’S SALE SCHEDULED ON WED. 1/11/12 AT 11AM
106 Slott Peak, APN 122-193-32, TS#10-31086-FF-NV, NOD Rec. 4/9/10 – TRUSTEES SALE POSTPONED UNTIL TUES. 1/10/12 AT 11AM

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Incline Village Real Estate: Best Time to Buy Could be January to June 2012 | TahoeBonanza.com

Incline Village Real Estate: Best time to buy could be January to June 2012 | TahoeBonanza.com:

Winter is always a good time to make a deal in Incline Village.  The number of buyers dwindle and the slowest pace of sales usually occurs over the first and second quarters of the new year.  Once The Village fills again in July the stats usually improve.

There is, however, a serious issue that may prolong low prices.  Bank foreclosure delays, caused by new Nevada foreclosure law AB284, have clogged the pipeline of new bank listings.  New Nevada foreclosure filings are at a crawl due to bank lawyers taking pause to learn how to conform to the new rules.  As a result, that delay could provide prolonged price depression.

Maybe the dream of buying Lake Tahoe real estate, especially in tax advantaged Incline Village, Nevada, at a reasonable price, will be continue to be attainable into next summer... or even a little longer.

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.