Tuesday, March 21, 2017

Shopping for a home? You better act fast | CNBC

"Inventory conditions are even worse than a year ago, and home prices and mortgage rates are on an uphill climb," said Lawrence Yun, chief economist for the National Association of Realtors. "These factors are giving many renter households a pause about it being a good time to buy, even as their job prospects improve and wages grow. Unless there's a significant boost in supply levels this spring, these constraints will, unfortunately, slow or delay some prospective buyers' pursuit of purchasing a home."

Link to CNBC entire article:  Shopping for a home? You better act fast:



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

Friday, March 3, 2017

Link: Incline Village Just Solds | Realtor.com

Most Recent Solds Update Link.  Multiple Listing Service (MLS) reported deals.  Don't rely on what is said, view what has actually closed with the sales price in Incline Village, Nevada.

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

Diamond Peak Ski Area, Incline Village, Nevada


Mount Rose Ski Area

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

This South Lake Tahoe Airbnb home made more than $200,000 last year, report says - Sacramento Business Journal

Here is a link to an interesting story about a luxury Airbnb vacation rental property in South Lake Tahoe that is producing an impressive rental revenue stream.  The secret ingredients appear to be proximity to a destination ski resort, large capacity and quality amenities.

Excerpt from the article:

"A heated indoor pool. A home theater with reclining chairs. A location that's blocks away from Heavenly ski resort.

That's the recipe for making major revenue from an Airbnb listing, new data suggests. A report from Denver-based Airbnb analytics company Airdna says 59 properties on the site made more than $150,000 in revenue over the past 12 months."

LInk to complete article: This South Lake Tahoe Airbnb home made more than $200,000 last year, report says - Sacramento Business Journal:



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

Lake Tahoe is not one real estate market | SierraSun.com

Don Kanare and Sabrina Belleci, Incline local real estate brokers, write about market segmentation around the Lake Tahoe region.  They take issue with the broad based statistics doled out to news outlets by the likes of Zillow.  Check out the complete article in the Sierra Sun via the link below.



"So, when you read statistics about the average or median price for Lake Tahoe real estate consider the material to be nothing more than entertainment and not something factual that you can rely on for decision-making or discussion purposes."



Link to complete article:  Incline Village real estate: Lake Tahoe is not one real estate market | SierraSun.com:


Map of Lake Tahoe Region


Realtor Defined Areas for Incline and Crystal Bay, Nevada

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

Monday, February 20, 2017

North Tahoe Webcams: Tahoetopia

Tahoetopia.com hosts a nice assortment of webcams around North Tahoe and Truckee.  They are an excellent supplement to the Caltrans and Ndot (Nevada Dept. of Transportation) cams.

In particular, the live traffic cameras for Tahoe City and Truckee are good for determining current, real time driving conditions.


Live Webcams:

Webcam: Tahoe City "Y"

Webcam: Truckee downtown

Webacam: North Tahoe Event Center - Kings Beach


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

Just Sold in Incline Village, Nevada: Realtor.com

Recent Solds Update link to Realtor.com.  Follow the link below for recent closed Multiple Listing Service (MLS) deals.  See what is actually selling in Incline Village, Nevada.

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

Lakeshore Realty, 954 Lakeshore Drive, Incline Village, Nevada 89451

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

Short-term Rentals, the Sharing Economy, and Tax - Journal of Accountancy

Are you an Airbnb client, or thinking about renting a real estate asset?  Check out this link to an excellent article about rental taxation, including valid deductions, in today's sharing economy.

LInk to entire article:  Short-term rentals, the sharing economy, and tax - Journal of Accountancy:

Renting through Airbnb?  Be smart about taxation issues.

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

Sunday, February 19, 2017

San Francisco real estate looking like it did before dot-com crash in 2000 - MarketWatch

It is always interesting to read past real estate market articles in the press.  The Marketwatch article headline above was written approximately one year ago.  It offers implied caution relative to the  current market conditions compared to the year 2000 dot-com real estate crash.  Check it out.

Incline Village and Tahoe prices have continued upward since the Marketwatch article was written.  Inventory has moved downward.  Is it time to sell again?

NOTICE: Marketwatch Article Published: Feb 23, 2016 9:38 a.m. ET

Image caption:  The median value of a home in San Francisco has skyrocketed from $670,000 at the beginning of 2012 to $1.12 million (February 2016).


Marketwatch Article By:
DANIELGOLDSTEIN

PERSONAL FINANCE REPORTER

Surging rents, skyrocketing real-estate prices and a booming tech sector. Sounds like San Francisco in 2016, right? It also describes the city just before the tech bust of 2000, according to a recent report.

John Burns Real Estate Consulting of Irvine, Calif., and Pacific Union, a San Francisco real-estate brokerage, say that based on the appreciation (and apparent correlation) of venture-capital deals and rent prices, the Bay Area’s rapid property-value and rental-cost appreciation today is looking more like a repeat of the dot-com bust of 2000.

Link to entire article:  San Francisco real estate looking like it did before dot-com crash in 2000 - MarketWatch:

Incline Village, Nevada as viewed from Sand Harbor State Park.



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

Incline Village real estate: Real estate sales looking good in 2017 | SierraSun.com

The market is so bright I have to wear shades.  The last time I saw listing levels as quoted in this article it was just prior to the dotcom crash in 2000.

Excerpt from article:  

"The inventory level is hovering around 150 houses, condos and freestanding condos for sale. Condo inventory has dropped below 40 units for the first time in over a decade as demand remains strong for this sector of the market."

Link to entire article:  Incline Village real estate: Real estate sales looking good in 2017 | SierraSun.com:



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

Thursday, February 2, 2017

Sales of Luxury Homes in North Lake Tahoe, Truckee Soared in 2016 | The Sacramento Bee

Luxury home sales in the North Lake Tahoe and Truckee area, which dropped off the table during the recession, shot up 50 percent in 2016, according to the regional office of Coldwell Banker Residential Brokerage.

Coldwell said 280 single-family homes and condominiums priced at $1 million and higher sold last year in the North Lake Tahoe/Truckee market, up from 187 unit sales in 2015. The data was compiled by the Multiple Listing Service.

Sales activity was strongest in the single-family home sector. There were 245 sales of single-family homes priced $1 million and higher in 2016, compared with 156 the prior year. The median selling price for a luxury single-family home dipped about 5 percent year-over-year to $1.65 million from $1.73 million in 2015.

Michael Lombardi, manager of the Coldwell offices in the Tahoe region, said “sales activity was fueled by our healthy economy and consumers who continue to see value in owning and investing in vacation homes and other residential property in the region.”

Link to article:


Read more here: http://www.sacbee.com/news/business/real-estate-news/article130069579.html#storylink=cp
Coldwell Banker: Sales of luxury homes in North Lake Tahoe, Truckee area soared in 2016 | The Sacramento Bee:

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

Thursday, January 5, 2017

Reno-Tahoe housing in 2017 — What’s Next? | SierraSun.com

Sierra Sun (Truckee, CA), Tahoe Bonanza (Incline Village, NV) newspaper article.

Link to original article:

Regional real estate: Reno-Tahoe housing in 2017 — What’s Next? | SierraSun.com:

Newspaper article brief:

"It should be obvious when there is little inventory, and those price ranges ($600,000 and under) are such a large part of the sales total, that prices will rise due to supply and demand. Sales units may increase only slightly or may be flat because of limited inventory.

In the $600,000 and under price range, sales this year will look much like they have in 2016, perhaps experiencing a bit more stress in the market.

We have a shortage of homes in these price ranges and because of the great job that EDAWN, the state and industrial developers have done attracting new companies, we have jobs and people moving into our community.

Supply and demand will continue to increase prices until we see new construction start to catch up. Once the supply of new construction catches up, we will see prices start to flatten and perhaps fall, which may entice the investors who purchased homes in the downturn to sell. However, this won’t be corrected in 2017.

Currently, we have a 2 percent vacancy factor in apartment rentals, which is extremely low. Again, supply and demand will cause rental rates to continue to rise until the approximate 7,500 new “doors” currently approved become available.

Mortgage rates went up in December. With predictions from the Federal Reserve Board, there will be more increases in 2017. Projections from most economists don’t expect the rates to exceed 5 percent in 2017.

Rising prices will affect the down payment and credit scores needed to purchase a new home creating a new challenge in addition to the limited supply. Competition from cash sales will continue to be a challenge for buyers who must obtain a mortgage.

Luxury home sellers may get a short term bump in sales with a new administration coming into office who inspires confidence, and mortgage money will be plentiful, but all eyes will also be on the stock market.

Currently, we have more than a 45-month supply of homes in the $1.5MM and above price range. I believe prices may come down based on the absorption rate in this price range but also by the changes in buyers’ tastes and lifestyles by the end of 2017.

In summary, I predict there will be a modest gain in existing home sales in 2017. The National Association of Realtors (NAR) is predicting sales to increase a modest 2 percent, from $5.42MM to $5.52MM in 2017.

NAR is also predicting median home prices to increase by 4 percent. I believe we will see median prices continue to increase at a higher rate in our community due to the supply and demand in the properties available for sale under $600,000.

This will be coupled with job and population growth, and tempered by rising mortgage rates and possibly consumer confidence. The median home price has increased 42 percent over the last five years while the median household income gain has only increased 17 percent.

This disparity will hurt affordability and is not sustainable over the long term. We are starting to see some California markets (e.g. San Jose) slide into a negative growth category because of this disparity, but I don’t believe we are there yet in our market."



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

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.

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