Wednesday, February 25, 2015

Median Price of Existing Home Sales up 7.2% from Year Ago | Realtor Magazine

West: existing-home sales fell 7.1 percent to an annual rate of 1.04 million in January, but are still 1 percent above a year ago. Median price: $291,800, up 7.2 percent from a year ago

Source: National Association of REALTORS®

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, February 14, 2015

Incline Village Foreclosure Activity, January, 2015

Thank you to Lucy Roman of First American Title, Incline Village, for this report on foreclosure activity.

Final 2014 list for Incline/Crystal Bay (with following changes to the previous list from 10/9/14.

FORECLOSED PROPERTIES SOLD (Removed from list)

780 Geraldine, APN 125-244-36, Rec. 10/17/14, National Fed’l Mortgage Assoc., 135 N. Los Robles Ave., Pasadena, CA 91101-1707

1364 Carinthia, APN 126-430-13, TS#NV05000105-14-1-FT, Rec. 7/8/14

382 2nd Tee, APN 131-233-10, TS#146911NV, Rec. 9/12/14


CANCELLATIONS OF FORECLOSURE DEFAULT (Removed from list)

1072 War Bonnet Way #A, APN 130-082-14, TS#2013-00402-NV, Rec. 12/1/14

999 Lakeshore #46, APN 130-222-18, TS#019274-NV, Rec. 11/7/14

680 Tumbleweed, APN 125-522-15, TS#2013-00396-NV, Rec. 12/1/14

998 Driver – Pinecreek #1, APN 131-060-01, TS#13-40720-AS-NV, Rec. 11/21/13


NEW FORECLOSURE NOTICE OF DEFAULT (NOD) FILINGS:

428 Pat Ct., APN 124-042-14, TS#L545473, NOD Rec. 12/10/14

834 Jennifer, APN 125-221-16, TS#NV14-01396-WF-NV, NOD Rec. 12/4/14

722 College, Incline Crest #97, APN 129-260-09, TS#NV08000751-14-1, NOD Rec. 11/26/14

114 Vue Ct., APN 122-111-18, TS#011707-NV, NOD Rec. 10/30/14

929 Northwood, Third Creek #12, APN 131-430-12, TS#NV1400261651, NOD Rec. 10/23/14


NEW NOTICES OF SALES (there are no new notices of sale, but I’m including the one recorded since 10/9):

321 Ski Way – Mountain Shadows #73, APN 126-110-15, TS#12-01056-GT-NV, NOD Rec. 11/29/12– TRUSTEES SALE SCHEDULED ON TUES. 12/14/14 BY HOA

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.


Friday, February 13, 2015

Tight Supplies Put Home Prices on the Move | Realtor Magazine

The current national trend is that prices are increasing and yes, a good trend is your friend.  More properties are now moving above the debt to equity waterline.

Foreclosure statistics are now near what I would term normal for the Tahoe market and the property supply is limited per the Multiple Listing System number of listings.

Accurate real estate economic data is provided to the media by the National Association of Realtors (NAR).  Realtor Magazine is the conduit for reporting it to the Realtor community.  Their articles about market conditions are timely and accurate.  Read the current report here.

Link to article: Tight Supplies Put Home Prices on the Move | Realtor Magazine:


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.

Sunday, February 8, 2015

Inaccurate Zillow 'Zestimates' a source of conflict over home prices - LA Times

Link to LA Times article:  Inaccurate Zillow 'Zestimates' a source of conflict over home prices - LA Times:

The LA Times article has more discussion of Zillow's valuation model.

Zillow does provide some useful, integrated data tools such as; county sales history, taxation, trend graphing and mapping.  When it comes to current listing accuracy, however, access into a local MLS through a broker in the market its best.  In Incline the leading site is www.LakeshoreRealty.com.  The property search form is a direct link to the real time Incline Village Board of Realtor Multiple Listing System.  Zillow is weighted toward larger Market Statistical Areas.  They pay for data relative to market size, therefore, Incline data is usually stale.

In relation to their valuation model, accuracy is pretty good within homogeneous, tract style areas.  Custom and vacation markets, like Incline, are very inaccurate based on my Zillow property searches.  As in the stock market, historical valuations are a trailing statistic and not indicative of escrowed property price trending.

Additional real estate data for northern Nevada, outside of Incline, may be accessed via the Northern Nevada Regional Multiple Listing database (NNRMLS) via www.NNRMLS.com.  It is the real, direct, MLS database for areas north of Reno to south of Gardnerville and the Nevada side of Lake Tahoe, excepting Incline.  The Incline Village brokers voted to not be included in the collective NNRMLS.

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.




Friday, January 30, 2015

Tahoe real estate: California rich seek Nevada tax haven | TahoeDailyTribune.com

Hello Californians.  I just re-read a Tahoe Daily Tribune newspaper article from August, 2013 about how the Tahoe/Reno region real estate market was/is benefiting from the heavy state income tax load.  Importantly, it posts the actual state tax percentages currently in effect.  I thought it may help those Californians thinking about heading to Nevada.  It's a good time to sell and make your move across the border.  Interest rates are incredibly low and pricing is still rational.  Of course, I'm happy to assist with finding a property to rent or buy.

Follow this ink to the story:  Tahoe real estate: California rich seek Nevada tax haven | TahoeDailyTribune.com:

California Personal Income Tax

California collects income tax from its residents at the following rates.
For single and married filing separately taxpayers:
  • 1 percent on the first $7,582 of taxable income.
  • 2 percent on taxable income between $7,583 and $17,976.
  • 4 percent on taxable income between $17,977 and $28,371.
  • 6 percent on taxable income between $28,372 and $39,384.
  • 8 percent on taxable income between $39,385 and $49,774.
  • 9.30 percent on taxable income between $49,775 and 254,250.
  • 10.30 percent on taxable income between $254,251 and 305,100.
  • 11.30 percent on taxable income between $305,101 and $508,500.
  • 12.30 percent on taxable income of $508,501 and above.
A 1 percent surcharge, the Mental Health Services Tax, is collected on taxable incomes of $1 million or more, making California's highest marginal rate 13.30 percent.

For married persons filing joint returns and heads of households, the rates remain the same but the income brackets are doubled.

Read more: http://www.bankrate.com/finance/taxes/state-taxes-california.aspx#ixzz3QMW8ckdu


Nevada Personal Income Tax

The Nevada Department of Taxation does not levy a state income tax

Read more: http://www.bankrate.com/finance/taxes/state-taxes-nevada.aspx#ixzz3QMXIlwmp 


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.

2015 Forecast: Gains Ahead | Realtor Magazine

Link to story:  2015 Forecast: Gains Ahead | Realtor Magazine:  "The national median home price will rise, too, but at a sustainable 4 percent rate... ."

I expect the Incline Village predicted price rise to beat the national prediction due to limited supply and retirees continuing to chose tax advantaged Nevada over California.



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

Wednesday, January 28, 2015

An Often Overlooked Predator: State Governments and Income Taxes | International Man

Follow this link to the article:  An Often Overlooked Predator: State Governments and Income Taxes | International Man:

This guy ranks Nevada number three on the list of best states to live in, after Alaska and Washington.  California is number one on the list of most taxed.  Sure is a no brainer as to where to live in retirement, at least in the summer.

An Often Overlooked Predator: State Governments and Income Taxes




Wednesday, September 3, 2014

MLS Link to Incline & Crystal Bay New or Newer Listings

Incline and Crystal Bay are nearly built out.  There is one new condominium / townhouse project named Incline Creek.  There are very few vacant lots so an individual or developer most often has to tear down an existing home to build a new home.

Following is a link to the few residential new or newer MLS listed homes in Incline & Crystal Bay.  My search was for homes constructed, or pending to be constructed, since 2009.  It is a interesting group of properties because it displays the few speculative home building projects underway as well as some relatively new existing homes available to buyers.

Link: Incline & Crystal Bay new or newer home listings

New home listing 517 Spencer Way priced at $2,295,000.  If you have an interest in new or newer Incline listings, please contact me at Randy@RandyBull.com.

Image unavailable

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.

Tuesday, August 19, 2014

Incline Foreclosure Activity as of 7/16 per First American Title

The latest (Foreclosure Activity) list for Incline/Crystal Bay is attached with the following changes to the previous list from 7/16/14.  Please call me if you have any questions about any of these properties.

Thank you for using First American Title for your title and escrow needs!!
SOLD (Removed from list)
333 Ski Way – Ski Way Ridge #288, APN 126-163-03, Rec. 8/15/14, National Fed’l Mortgage Assoc., 135 N. Los Robles Ave., Pasadena, CA 91101-1707 – Sold for $275,500
837 Southwood - Creekside West #4, APN 127-120-04, Rec. 7/29/14, Federal Home Loan Mortgage Corp, c/o Wells Fargo. N.A. , 3476 Stateview Blvd., Fort Mill, SC 29715 – Sold for $290,000
929 Southwood – Tahoe Sierra Pines #22, APN 127-500-03, Rec. 7/18/14, Wells Fargo, 1 Home Campus, Des Moines, IA 50328 – Sold for $270,000
887 Donna Dr., APN 124-071-29, Rec. 8/14/14 – Sold for $630,000
878 Southwood – Southwood Shadows #8, APN 132-420-08, Rec. 7/28/14 – Certificate of sale w/redemption clause – Sold for $161,800

NEW NOD:
725 Tyner, APN 125-132-08, TS#12-32377-WA-NV, NOD Rec. 7/28/14

NEW NOTICES OF SALES:
971 Tyner, APN 125-171-16, TS#11-33047-BA-NV, NOD Rec. 9/16/11  TRUSTEES SALE POSTPONED UNTIL WED 9/23/14 AT 11AM
382 2nd Tee, APN 131-233-10, TS#146911NV, NOD Rec. 4/25/11- TRUSTEES SALE SCHEDULED ON TUES. 9/10/14 AT 11AM


cid:image003.jpg@01CE9363.E8207650
Lucy Roman
Marketing Executive
FA-Title.gif
Incline Village Branch
940 Southwood Blvd., Suite 203, Incline Village NV  89451
Office: 775.831.2488 | Fax: 775.831.2050
Stateline Branch
276 Kingsbury Grade, Suite 2001, Stateline NV  89449
Office: 775.588.1944 | Fax: 866.221.8261
Cell: 775.223.9568 | E-mail: lroman@firstam.com

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.

Monday, August 11, 2014

10 Cities Beating National Housing Trends | Realtor.com (Covers the Reno market)

The health of the Reno, Nevada market area is indicative of the north Tahoe real estate market.  Following, Realtor.com reports that the Reno market is currently a national standout.


DAILY REAL ESTATE NEWS FROM REALTOR.COM  | THURSDAY, AUGUST 07, 2014

Ten metros are standing out for strong price appreciation, housing inventory increases, and a rise in home sales that are far outpacing the more moderate gains in the national housing market, according to realtor.com®'s National Housing Trend Report for June.

"National housing trends are masking some of the excitement we're seeing in individual markets," says Jonathan Smoke, realtor.com®'s new chief economist. "For the last two years, listing shortages constrained home sales and frustrated buyer demand. Our June data shows monthly inventory picking up in markets already experiencing price increases and fast property turnover. These dynamics will result in strong home sales and extend the buying season past the usual June/July peak to later in the third quarter."

More Good News
Reno, Nev., has seen the largest year-over-year increase in home prices — nearly 18.5 percent — while homes in Charlotte, N.C., are selling 14 days faster than a year ago, at a median of 64 days, according to realtor.com®'s report.


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.

Friday, August 8, 2014

4 Ways to Get an Offer Accepted | Realtor Magazine

4 Ways to Get an Offer Accepted | Realtor Magazine:

Follow the link above to view the four items that make sense to a seller when buying.  In general they advise against adversarial negotiating and promote working together to complete a deal.

Reasonable terms that do not deviate from the norm will meet seller expectations and provide some comfort about how the process will move to closing.  Remember, the seller has a timeline scenario in mind.  There is usually more flexibility on the side of a buyer, in particular a second home buyer here in the village.





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.




Tuesday, August 5, 2014

Housing Slowdown Could Be Good for Buyers | Realtor Magazine

Link to Realtor Magazine article:

Housing Slowdown Could Be Good for Buyers | Realtor Magazine:

The Incline market is somewhat mirroring the national market with inventory of late increasing toward a more normal level of around 322 listings.

Current escrowed properties in Incline and Crystal Bay, as of August 5th, are 62 in number.  That is a high number.  Usually escrowed properties roll between 40 and 55.  The Village is full and when there are people here real estate sales happen.  It's peak season.

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.


Thursday, July 17, 2014

Thunderbird @ Sierra Boat Company Concours de Elegance Show

Decline in Foreclosures Reaches 'Important Milestone' | Realtor Magazine

Follow this link to the complete story per Realtor Magazine.  The data is sourced from RealtyTrac, the market leading real estate foreclosure news tracker.

Decline in Foreclosures Reaches 'Important Milestone' | Realtor Magazine:

'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.

Lake Tahoe Home Sales Decrease, Median Price Increases | Reno Gazette Journal

Reno Gazette Journal reports data sourced from Chase real estate brokerage.  Follow this link to view the story.

The article blames slower sales on low inventory, however, since the data was accumulated inventory has been increasing here in Incline Village.  The number of listings has risen from approximately 220 at June 1, to 329 listings as of today, July 17.  The selection has improved for serious buyers.

Lake Tahoe home sales decrease, median price increases:






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

Wednesday, June 4, 2014

Almost Half of States Near Home Appreciation Peaks | Realtor Magazine

Almost Half of States Near Home Appreciation Peaks | Realtor Magazine:



"Twenty-three states as well as the District of Columbia also are at or within 10 percent of their home price appreciation peak, according to CoreLogic. 
The five states with the highest home appreciation (including distressed sales) in April year-over-year are: 
  • California: 15.6%
  • Nevada: 14.8%
  • Hawaii: 14.1%
  • Oregon: 11.8%
  • Michigan: 11.3%"
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.

Thursday, May 8, 2014

Monday, May 5, 2014

Markets Poised for Biggest Price Gains | Realtor Magazine

The following article referencing an updated forecast for big real estate appreciation this year includes San Jose / Santa Clara and San Francisco in the top five.  If the Bay Area market is a leader in appreciation, the Incline market will in turn benefit, especially due to the tax haven aspect.  With no Nevada state income tax, lower property taxes and no estate tax, a residency in Incline becomes even more attractive.

Inventory is still historically very. With nearly no available land to construct new homes I expect that prices will continue trending up.


Markets Poised for Biggest Price Gains | Realtor Magazine:

Markets Poised for Biggest Price Gains

Veros Real Estate Solutions is softening its housing price forecast for this year to 3.4 percent appreciation for the 12-month period ending March 31, 2015 for the top 100 metro areas. Last quarter, Veros had forecasted a 5.1 percent for the following 12 months.
“The wave of appreciation may have crested, but it has been an impressive recovery in many respects,” says Eric Fox, Veros’ vice president of statistical and economic modeling. “The market is stabilizing and the overall outlook is very positive. However, we won’t see the rapid gains we have experienced in prior quarters. Those days appear to be behind us for the foreseeable future.”
Still, Veros sees five markets—mostly centered in California—seeing home price appreciation well above national averages. The five markets Veros is betting on for the highest home appreciation over the next 12 months are:
  1. San Jose-Sunnyvale-Santa Clara, Calif.: +9.7% forecasted price appreciation
  2. Los Angeles-Long Beach-Santa Ana, Calif.: +9.3%
  3. Midland, Texas: +9.3%
  4. Bismarck, N.D.: +9.1%
  5. San Francisco-Oakland-Fremont, Calif.: +8.8%
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.

Monday, February 24, 2014

Kiplinger Predicts More Modest Housing Gains in 2014 | Realtor Magazine

Follow this link to read what Kiplinger is saying about the market rebound.  It doesn't necessarily describe the Incline market because of the super supply shortage, however is provides sound insight about the current price trend.

Kiplinger Predicts More Modest Housing Gains in 2014 | Realtor Magazine:


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.

Tuesday, February 18, 2014

BANK OWNED - Tahoe Sierra Pines 4bd 4bth $324,000

Tahoe Sierra Pines complex.  Top floor condo with 4 bedrooms and 4 bathrooms,  1,468 square feet on one level.  Fireplace with rock surround.   Good rental unit, short-term or long-term.  Purchase this property for as little as 5% down per listing agent (this is not a Lakeshore Realty listing).  Source = Reno MLS.  Call for details.





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 - January 2014 Real Estate Sales

Follow this link to view our most recent market snapshot.  It's a fast definition of what is happening with Incline Village / Crystal Bay real estate.

CHARTS: January-2014-Real-Estate-Sales-Comparison

Lower Diamond Peak Ski Area - Snowflake Lodge - Incline Village

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.

Saturday, November 9, 2013

Median prices of North Lake Tahoe take flight - The Sacramento Bee

Tahoe's high end home prices have resumed their upward price march per Bill Dietz, owner of Tahoe Luxury Properties, in a Sacramento Bee article.  Inventory around the North Shore is down, the selection is thin, and jumbo loan financing is readily available for qualified buyers.  Appreciating investment portfolios are providing buyer confidence.  Seller's market anyone?

Median prices of high-end homes around North Lake Tahoe take flight - Business - The Sacramento Bee



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.

Wednesday, November 6, 2013

Distressed Home Sales: Rising or Falling? It Depends on the Source - Developments - WSJ

Incline Village distressed home sales are back to what I would call a normal, pre - 2008 rate.  Data sources from around the country report differently depending on how they obtain their statistics.

Distressed Home Sales: Rising or Falling? It Depends on the Source - Developments - WSJ:



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.

Foreclosures Show No Sign of Decline - WSJ.com

Foreclosures Show No Sign of Decline - WSJ.com:

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.

Friday, September 27, 2013

Mortgage Rates Fall Steeply In Reaction To The Fed | Bankrate.com

Mortgage Rates Fall Steeply In Reaction To The Fed | Bankrate.com:

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.

Sunday, August 4, 2013

CoreLogic predicts home price appreciation will even out | 2013-08-01 | HousingWire

CoreLogic predicts home price appreciation will even out | 2013-08-01 | HousingWire:

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.

Sales of million-dollar homes at Tahoe skyrocket - Sacramento Business Journal

Sales of million-dollar homes at Tahoe skyrocket - Sacramento Business Journal:
The main house at Sierra Star Estate. Listed for $49 million, the property includes four homes on acreage fronting 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.

Sunday, July 21, 2013

Astonishing Increase in Residential Incline Sales / Lakeshore Realty Real Estate Blog

Follow this link to the Lakeshore Realty Blog story, with great graphics, which describes the tremendous recovery in Incline Village real estate sales..

LINK:  Lake Tahoe, Incline Village & Crystal Bay Real Estate News - Lakeshore Realty North Lake Tahoe Incline Village Real Estate Blog:



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.

Friday, July 12, 2013

Realty Trac / Midyear 2013 U.S. Foreclosure Market Report

Read the Realty Trac article on their site...  Midyear 2013 U.S. Foreclosure Market Report:



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.