Sunday, July 23, 2017

Recreational pot could be sold in Incline Village starting Aug. 4 | TahoeDailyTribune.com

Link to article:  Recreational pot could be sold in Incline Village starting Aug. 4 | TahoeDailyTribune.com:



Yes, Incline Village is a planned recreational community.



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

Friday, July 21, 2017

The Shakespeare Ranch Yours for $69M

The Lake Tahoe historic real estate listings are impressive.  This one raises the ante.  Check it out.



Link to listing:  The Shakespeare Ranch:



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

One-third of Americans hate this about their home - MarketWatch

Link to entire Marketwatch article:  One-third of Americans hate this about their home - MarketWatch:

"Almost half of Americans have a regret about their current home.

Their No. 1 regret? Homeowners regretted not opting for a larger home (33%) and renters regretted renting instead of buying a home (41%), according to a survey released Thursday of more than 2,200 people from real-estate site Trulia and conducted online by Harris Poll. Overall, Americans are less regretful now than they were in 2013, the last time the survey was conducted, but only a slight drop to 44% from 46%. Renting over buying and choosing a smaller home were the top concerns for renters and homeowners in 2013, perhaps reflecting that many U.S. homebuyers would like to buy a larger home."



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

Sunday, July 16, 2017

Roofstock | Buy and Sell Investment Properties

Residential investment property source.



Link: Roofstock | Buy and Sell Investment Properties:



Own an income producing property with as little as $20,000 down.



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

Housing Expense Guideline For Financial Independence | Financial Samurai


"Although I’ve said that overpaying for a car is the #1 wealth killer for the middle class, paying ever rising rent over the long run could actually be way worse. Inflation is an unstoppable juggernaut that will smash your retirement dreams to smithereens if you aren’t on the right side.

There’s a general guideline that says renters shouldn’t spend more than 30% of their net income on rent. The 30% recommendation comes from the Brooke Amendment passed in 1969 which determined the point where a family living in public housing was considered financially burdened by housing costs.

As for homeowners, few banks will lend beyond a 43% debt-to-gross income ratio (10% too high IMO). For example, if you pay $2,000 a month for your mortgage and another $300 a month for an auto loan and $300 a month for student loans, your monthly debt payments are $2600. If your gross monthly income is $8,000, then your debt-to-income ratio is 33 percent.

In this article, I’d like to layout a housing expense framework to help folks reach financial independence sooner. I’ll go through my own housing expense history to reveal some nuggets of wisdom."

Link to entire article:  Housing Expense Guideline For Financial Independence | Financial Samurai:
Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Real Estate Crowdfunding & Investing | RealtyShares

Simplified institutional real estate investing.  Check out RealtyShares.com.



Link to RealtyShares website:  Real Estate Crowdfunding & Investing | RealtyShares:



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The Real Estate Investing Rule To Follow: Rent Luxury, Buy Utility | Financial Samurai

"The solution for half the population living in expensive coastal cities such as SF, NYC, LA, San Diego, Boston, Washington D.C. and Honolulu is to therefore rent where you are and buy in the Midwest and South to maximize income and net worth."
Could this line of thinking apply relative to living in Incline? Rent in Incline, buy investment property in Reno?
Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Tuesday, July 11, 2017

Apartment rents increased 3.6 percent in the first half of 2017 | nnbw.com

For the month of June, Reno, saw its rent rise 6.7 percent, ending the period for a one-bedroom apartment at $832.

ABODO releases a monthly report aimed at taking the pulse of the American rental market: cities experiencing the greatest increase (and decrease) in rent, cities with the highest rent, and how individual markets compare to the national average.

Over the first half of 2017, the national median rent fluctuated, but it ended up where it began: $1,016 for a one-bedroom. Prices fell from January to March, bottoming out at $1,003 before creeping back up in the spring. In all, the national median rent stayed within 1.3 percent of its starting value.

The biggest drop in rent continues to veer west and south. Fort Wayne, Ind., saw the largest rent drop, with an average decline of 4.9 percent per month and an average rent of $562. Lincoln, Neb., where the average rent is $700, experienced an average decline of 4 percent per month. And booming Nashville, TN, where the average one-bedroom rents for $1,373, saw an average drop of 3.1 percent per month.

From June to July, the biggest rental hike was in Newark, N.J., which saw its one-bedroom rent increase 10.2 percent to $1,120. Philadelphia, (8.5 percent; $1,305); and Honolulu (8 percent; $1,654), rounded out the top three.

For the second month in a row, Buffalo, NY, and St. Paul, MN, experienced the largest drops in rent in the country., Glendale Ariz., which over the first six months of 2017 had the second-highest average monthly increase in rent, saw its median one-bedroom decrease 6.8 percent over the month of June, bottoming out at $833.

The cities with the highest rents are largely unchanged since the June report. San Francisco rents dropped $40 to $3,240, but that wasn't enough to bump the city from its spot atop the rankings. As usual, New York City ($2,913) and San Jose ($2,378) rounded out the top three.

Nationally, rental prices were relatively stable through the first six months of 2017. Rent is rising in just over half of the nation's states, and certain cities are seeing sustained increases in rent month to month.

Cities where rent was already high — New York, D.C., Los Angeles — are still high, but the most notable rental increases are in growing markets in the South and Southwest, a continuation of a trend we noticed in our 2016 Annual Report In the next six months, rental prices in those markets will be a good barometer for how well new development is keeping up with what appears to be continued — and rising — demand for rentals.

Link to article:  Apartment rents increased 3.6 percent in the first half of 2017 | nnbw.com:



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Western Nevada home prices post dramatic increase | SierraSun.com

Home prices in western Nevada are rising dramatically — but not as fast as sellers want them to go up.

Steve Bohler, president of the Sierra Nevada Association of Realtors, said the average price of a Carson City home has increased by $51,000 since January and by about the same in Douglas County. The average sale is up by $38,000 in Reno over that same period.

But Bohler said that's not as surprising as what owners are asking for when they put a home on the market.

He said the gap between the average asking price and the eventual sales price is especially large in Douglas County. The average sales price there was about $350,000 in 2016. It grew to $401,800 so far this year.

But Bohler said the average asking price in Douglas is a whopping $608,000 — just shy of $200,000 more than what those homes end up selling for to buyers.

"That's some crazy numbers," said Bohler, who has been in real estate 40 years.

Douglas County isn't the only place that gap is huge. In Reno, he said the gap is nearly as large. There are 1,911 homes on the market now, and 959 pending sales in Reno. Owners are asking for $569,452 but the average sale price is $376,000.

By comparison, he said Carson City looks much more normal. In Carson City, there are 217 houses on the market with an average ask of $383,300. Actual sales, so far this year, are averaging $318,000.

He provided the analysis after being asked about a national report from Black Knight Financial Services that said Reno and Carson City are both in the nation's top 10 for housing price increases so far this year.

Link to entire article:  Western Nevada home prices post dramatic increase | 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.

Monday, July 10, 2017

New trail map released by Lake Tahoe Bicycle Coalition | South Lake Tahoe - SouthTahoeNow.com

New trail map released by Lake Tahoe Bicycle Coalition | South Lake Tahoe - SouthTahoeNow.com:



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 estate hits market for $75 million, highest listing price at Tahoe (video) | TahoeDailyTribune.com

Link to Tahoe Daily Tribune article:  Lake Tahoe estate hits market for $75 million, highest listing price at Tahoe (video) | TahoeDailyTribune.com:



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 Lake Towns in America | realtor.com®

Link to article:  The Top 10 Lake Towns in America | realtor.com®:



Yes, Lake Tahoe is on the list.



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

Carson Valley Times | Bike Paths Transform Community

Quote from Carson Valley Times:

"The Tahoe Regional Planning Agency reports that the Lake Tahoe Basin has 49.85 miles of shared-use paths with Dollar Creek (2.2 miles), Sand Harbor to Incline Village (3 miles), Ski Run Blvd. to El Dorado Beach (just under 1 mile), and Incline Way in Washoe County (.3ish miles) currently under construction. Looking ahead, the Regional plan calls for another 25.71 miles over the next five years."

Link to entire article:  Carson Valley Times | Bike Paths Transform Community:



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

Three Lake Tahoe getaway properties that range from $35M to 1.3M – Las Vegas Review-Journal

Link to Las Vegas Review Journal article:  Three Lake Tahoe getaway properties that range from $35M to 1.3M – Las Vegas Review-Journal:



Sierra Sotheby’s International Realty 
A view from historic Summertide on the north shore of Crystal Bay. It was once owned by Howard Hughes.



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

Monday, July 3, 2017

Looking to buy a teardown? Here are four things to consider | SierraSun.com

Link to article:  Looking to buy a teardown? Here are four things to consider | 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.

Wednesday, June 28, 2017

727 Champagne Rd, Incline Village, NV 89451 - realtor.com®

Just Sold for $5,940,000 on June 16, 2017:  727 Champagne Rd, Incline Village, NV 89451 - realtor.com®:



727 Champagne Rd, Incline Village, NV 89451



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

Best American Small Towns - 50 Coolest Small Towns in United States

Interesting list for future travels.  My hometown of Traverse City, Michigan is on this Coolest Small Town list but Incline remains our secret.

By the way, Traverse City is not a small town anymore.

Link to Esquire slideshow:  Best American Small Towns - 50 Coolest Small Towns in United States:







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

Onetime Steve Wynn Estate on Lake Tahoe Sells for $31.1 Million - Mansion Global


A Lake Tahoe waterfront estate that once belonged to casino mogul Steve Wynn has sold for $31.1 million.

The sales price is a record for the tony enclave of Incline Village, Nev., said listing agent Patricia Lantz of Lakeshore Realty.

On 4.972 acres, the Incline Village home includes 210 feet of lake frontage and a private beach with a pier and boat hoist. The 12,661-square-foot main house has four bedrooms, a theater, a gym and a four-car garage. The guest house includes three bedrooms.

The buyers are Nora Betyousef Lacey and her husband Michael Lacey, a pathologist. “It’s a very elegant place to be on the lake,” said Ms. Lacey, founder of bio-tech company Cell Marque, which produces cancer detection products and which she sold to Sigma-Aldrich for $170 million in 2014, she said.

Link to entire Mansion Global article:  Onetime Steve Wynn Estate on Lake Tahoe Sells for $31.1 Million - Mansion Global

1041 Lakeshore Blvd, Incline Village, NV 89451



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

Tuesday, June 27, 2017

Incline Village Local Rental Sources

Local Incline Village, Nevada

Rental / Lodging Providers
Club Tahoe Resort
www.clubtahoe.com
Deals: http://www.clubtahoe.com/specials/
T: 775-831-5750  E: info@clubtahoe.com
914 Northwood Blvd., Incline, NV 89451
Incline local, Interval, vacation, short term, seasonal















Coldwell Banker Select
www.cbselectre.com
Property Managers: Sherine Kuckhoff, Sandy Junell
T: 775-831-1515 F: 775-833-3535
Email:  sherine.kuckhoff@cbselectre.com
Incline local, Long term

Property Manager: Marion Ledson
T: 775-833-6440  F: 775-737-7740
Email:  marion.ledson@cbselectre.com
Incline local, long term















Goldfish Properties
Long Term Rental Direct Link:
www.goldfishproperties.com/longtermrentals
T: 800-948-7311
Incline local, vacation, short term, long term, seasonal














Hyatt High Sierra Lodge
HyattHighSierraLodge.Hyatt.com
T: 775-832-0220  F: 775-832-1012
989 Incline Way, Incline Village, NV 89451
Incline local, Interval, vacation, short term, resort, seasonal




Hyatt Regency Lake Tahoe Resort, Spa, Casino
www.hyattregencylaketahoe.com
Deals: laketahoe.regency.hyatt.com/offers
T: 775-832--0220
989 Incline Way, Incline Village, NV, 89451
Incline local, hotel, resort, casino, spa, vacation, short term, seasonal




Incline at Tahoe (Now Sun Bear Realty)
www.inclineattahoe.com
Deals: www.inclineattahoe.com/specials/
T: 888-686-5253
Incline local, vacation, short term, seasonal, long term
















Incline Vacation Rentals
www.inclinevacations.com
Deals: www.inclinevacations.com/specials/
Long Term Rental Direct Link: http://www.inclinevacations.com/ltrental/alpha.html
T: 775-831-3349
Incline local, vacation, short term, seasonal, long term
















Incline Property Management IPM
www.ipm-tahoe.com
Direct Long Term Rental Link:
None, call
T: 775-832-0284
Incline local, long term, seasonal
















Lake Tahoe Accommodations
www.tahoestay.com
Incline local, vacation, short term, seasonal















Northlake Lodges & Villas - QM Resorts
NorthlakeLodgesandVillas.com
T: 800-788-4207
E: info@qmcorp.com
Incline local, interval, vacation, short term, seasonal













Northshore Properties at Tahoe
Owner: Celeste Miller
120 Country Club Drive, Ste. 9
Incline Village, NV 89451
Email: npattahoe@att.net
T: 775-831-0666 F: 775-831-7997
Incline local, long term



Parkside Inn at Incline
www.innatincline.com
Deals: www.innatincline.com/specials
E: parksideinfo@aol.com
T: 775-831-1052  800-824-6391
Incline local, vacation, short term, seasonal

















Pullen Realty Group
www.booklaketahoevacationrentals.com
T: 855-877-7828
North Tahoe local, vacation, short term, seasonal, long term















Sun Bear Realty (formerly Incline at Tahoe Realty)
www.sunbearrealty.com
T: 888-686-5253
Incline Village local, vacation, short term, seasonal, long term


Tahoe Biltmore Hotel & Casino
www.tahoebiltmore.com
T: 800-245-8667  775-831-0660
Crystal Bay local, vacation, short term, seasonal, casino















Tahoe Bonanza
www.tahoebonanza.com
T: 775-831-4666
Incline local newspaper, long term, short term, seasonal, posted in classifieds

















Tahoe Chaparral
www.tahoechaparral.com
T: 800-788-4297
Incline local, interval, vacation, short term


















Tahoe Luxury Properties
www.tluxp.com
T: 800-581-8828
North Tahoe local, vacation, short term, seasonal, long term













Vacation Station
www.vacationstation.com     Deals: www.vacationstation.com/Rentals/specials
T: 800-841-7443
Incline local, vacation, short term, seasonal, long term












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 Sales Through June 23rd, 2017 | Link: Realtor.com®

Link to Realtor.com page with up to date most recent sales per Realtor.com:  89451 Recently Sold Homes - realtor.com®:

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

Existing-Home Sales Rise 1.1 Percent in May; Median Sales Price Ascends to New High | nar.realtor

Article excerpt:

"Total existing-home sales1, https://www.nar.realtor/topics/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, climbed 1.1 percent to a seasonally adjusted annual rate of 5.62 million in May from a downwardly revised 5.56 million in April. Last month's sales pace is 2.7 percent above a year ago and is the third highest over the past year.

Lawrence Yun, NAR chief economist, says sales activity expanded in May as more buyers overcame the increasingly challenging market conditions prevalent in many areas. "The job market in most of the country is healthy and the recent downward trend in mortgage rates continues to keep buyer interest at a robust level," he said. "Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher."



Link to entire National Association of Realtors (NAR) article:  Existing-Home Sales Rise 1.1 Percent in May; Median Sales Price Ascends to New High | nar.realtor:



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

Freddie Mac - Mortgage Rates Continue to Hold

30-year fixed-rate mortgage (FRM) averaged 3.90 percent with an average 0.5 point for the week ending June 22, 2017, down from last week when it averaged 3.91 percent. A year ago at this time, the 30-year FRM averaged 3.56 percent. 
15-year FRM this week averaged 3.17 percent with an average 0.5 point, down from last week when it averaged 3.18 percent. A year ago at this time, the 15-year FRM averaged 2.83 percent. 

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.14 percent this week with an average 0.5 point, down from last week when it averaged 3.15 percent. A year ago at this time, the 5-year ARM averaged 2.74 percent.

Link to entire article:  Freddie Mac - Mortgage Rates Continue to Hold:



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

Sunday, June 11, 2017

Calculated Risk: Zillow Forecast: "Zillow’s April Case-Shiller forecast expects growth of 5.6 percent in the national index"

The Case-Shiller house price indexes for March were released last week. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close.

From Svenja Gudell at Zillow: April Case-Shiller Forecast: Tapping on the Brakes

Home prices will finally catch a break in April, when Zillow’s April Case-Shiller forecast expects growth of 5.6 percent in the national index, slightly slower than its 5.8 percent year-over-year climb in March. The seasonally adjusted month-over-month pace also is forecast to drop, to 0.2 percent in April following a 0.3 percent climb in March.

Link to article:  Calculated Risk: Zillow Forecast: "Zillow’s April Case-Shiller forecast expects growth of 5.6 percent in the national index":



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

Thursday, June 8, 2017

New ways to sell your home: Knock.co and OpenDoor.com | Clark Howard

The companies in the story currently operate in a very limited number of markets where there are many homogeneous production built homes.  Current prices are much easier to determine versus those prices in a primarily custom home build area.  The concept is intersting anyway.  Check it out.



Link to entire article:  New ways to sell your home: Knock.co and OpenDoor.com | Clark Howard:



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

Friday, June 2, 2017

Why Hasn’t the Internet Disrupted Real Estate? - The Big Picture

Brief: 

"The Housing Market Is Ripe for Tech Disruption

The process of buying and selling a home in the U.S. is needlessly inefficient. That will inevitably change.
Bloomberg View, May 31, 2017

A colleague just had twins and is looking for a larger home. He wondered aloud “Where is Silicon Valley in the real estate world?” For those buying or selling a house, the impact of technology may not be especially visible.

But it is there. You just have to squint a bit to see it. Extrapolate the trend a decade out into the future, and the impact will become much more obvious.

Why has the housing market been so resistant to change? There are a few factors that buttress the status quo:

• Real estate is local; knowing the neighborhood has value;

• The broker has a monopoly on listing information through the Multiple Listing Service;

• Information asymmetry: people don’t understand their options and what they can and can’t do;

• Complexity of mortgages, contracts, closings, makes buyers and sellers comfortable working with an agent, even if it is expensive.

Link to original complete article:


Why Hasn’t the Internet Disrupted Real Estate? - The Big Picture:



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

Wednesday, May 31, 2017

Moving to one of these 9 states could save you thousands | Clark Howard

Yes, Nevada is definitely on the list.



Link to original Clark Howard article:  Moving to one of these 9 states could save you thousands | Clark Howard:



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

Wednesday, May 24, 2017

U.S. Home Prices Rose 6% in First Quarter as Supply Tightened - Bloomberg

Link to Bloomberg article:  U.S. Home Prices Rose 6% in First Quarter as Supply Tightened - 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, May 16, 2017

Housing crunch: White picket fence dreams in Reno’s nightmare housing market

"Reno feels squeeze from rising home prices, rents as growth and influx of companies shrink housing supply."



Link to Reno Gazette Journal article:  Housing crunch: White picket fence dreams in Reno’s nightmare housing market:



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

Monday, May 15, 2017

Drum Estate reassembled in $29 million sale, off rental market - Sacramento Business Journal

FYI link to interesting Sacramento Business Journal article regarding the sale of an historical Tahoe estate:  Drum Estate reassembled in $29 million sale, off rental market - 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.

Martis Camp luxury home development near Lake Tahoe has sold out - Sacramento Business Journal

Eleven years after sales began, a rare single-family home project near Lake Tahoe has completely sold out.

This week Developers announced the last original property sale for Martis Camp, a 671-home project on 2,100 acres south of Truckee and north of the Northstar ski resort.


Since sales began in 2006, the development has had more than 900 transactions and $1.5 billion in sales. The Martis Camp Realty Team will now concentrate on resale transactions, with 32 custom homes and 35 homesites, apparently previously sold but undeveloped, for sale.

Most sales in Martis Camp appear to have been at or above $1 million, with even undeveloped lots listed on the site currently at $795,000 or more. The highest resale lot currently on the site, about 1.15 acres, is listed for $2.35 million, while the highest home listing is at $9.495 million, for a house of nearly 9,800 square feet.

Martis Camp surrounds a golf course and offers private ski lift access to the Northstar California Resort as well as an on-site spa and “family barn” with a bowling alley, swimming pool, movie theater and other amenities.


Link to original article with image slideshow:  Martis Camp luxury home development near Lake Tahoe has sold out - 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.