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.

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.

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.

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.

Panama Papers: Jurgen Mossack Says the Cat's Out of the Bag - Bloomberg

Wow, Nevada made the top ten list!  Guess that is why Lakeshore Drive in Incline is know as Billionaire's Row.





Follow this link for the full story on Bloomberg:



Panama Papers: Jurgen Mossack Says the Cat's Out of the Bag - Bloomberg:



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

South Lake Tahoe approves new rules for vacation home rentals | TahoeDailyTribune.com

Could more vacation rental regulations be coming to the North Shore?  If you have an interest in vacation renting your property more paperwork may not be far away.

Tahoe Daily Tribune

South Lake Tahoe Approves New Rules for Vacation Home Rentals (abstract)

"By a 4-0 vote, the South Lake Tahoe City Council approved new regulations governing vacation home rentals during another marathon session Tuesday.

The most recent vacation ordinance drew a lot of debate over the past year as the city attempted to address what it called a balancing act for residents and rental applicants alike.

City Manager Nancy Kerry said the new ordinance will provide a more streamlined process for vacation home rental applications.

Councilman Tom Davis recused himself because of his stake in vacation rental ownership.

Vacation rentals have been controversial topic in South Lake Tahoe for years, sparking a number of debates between long-term residents and real estate and tourist agencies about the impacts of vacation rentals on the community.

South Lake Tahoe has 1,735 vacation rentals inside the city limits... .

The proposed guidelines for new vacation rentals include notifying residents within 300 feet of a property, inspection by the city and a public hearing before the zoning administrator, if someone files a written protest within three days of notification. Kerry called the public hearing a fair addition to the permitting process."

Link to complete article in the Tahoe Daily Tribune:  South Lake Tahoe approves new rules for vacation home rentals | TahoeDailyTribune.com:

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

Lack of supply hurting home sales around Lake Tahoe - Sacramento Business Journal

Yes, Incline has returned to a seller's market.  Pricing has firmed and the inventory is low.  This SACRAMENTO BUSINESS JOURNAL article tells the story...

Link to complete article:  Lack of supply hurting home sales around Lake Tahoe - Sacramento Business Journal:

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 Estate Sells for $12 Million: Tahoe Luxury Properties

Sales of luxury property in Incline Village, Nevada, continue.  Congratulations to Bill Dietz, Broker, who represented both sides of the deal.

Read the Tahoe Luxury Properties announcement regarding the Incline Village, 703 Champagne Road, sale at $12 million.

703 Champagne Road, Incline Village, NV - Sold for $12 million

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

LAKE TAHOE HOMEWOOD MOUNTAIN RESORT MAKEOVER OK'D

Lake Tahoe Homewood Mountain Resort makeover OKd:  Follow this link to view the full story at SFGate.com (San Francisco Chronicle).




Another major ski resort makeover has been approved here in the Lake Tahoe region.  Homewood will be joining Squaw Valley Resort and Northstar California (recently renamed from Northstar At Tahoe) where major base area development has been completed.

Naysayers cite west shore traffic as a future major problem and I believe I have to agree.  Two lane Highway 89 from Homewood up to Tahoe City will become even more dense with traffic on ski weekends.  Fanny Bridge at the Y will be choked.

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.

DISTRESSED PROPERTY UPDATE - THANKS TO FIRST AMERICAN TITLE - AS OF 5-5-11

SOLD LENDER FORECLOSED PROPERTIES:

449 Gonowabie, Crystal Bay, APN 126-146-07, TS#100673517-NV-MAO, Rec. 5/3/11 - Sold for $1,050,000

931 Incline Way – McCloud #250, APN 127-077-28, TS#145813NV, Rec. 5/2/11 - Sold for $537,000

824 Ellen Ct. , APN 125-223-19, TS#141836NV, Rec. 4/25/11– Sold for $544,300

806 Oriole – Village Court #18, APN 132-290-10, TS#10-0072161, Rec. 4/11/11 -- Sold to third party for $96,300

NEW BANK / LENDER BANK OWNED PROPERTIES:

529 Dale Dr., APN 122-132-17, Rec. 4/28/11– Back to beneficiary; no recorded docs yet

321 Ski Way – Mtn. Shadows #71, APN 126-110-13, 4/28/11 – Back to beneficiary; no recorded docs yet


NEW BANK / LENDER NOTICE OF DEFAULT FILINGS:

957 Dorcey, APN 125-161-03, TS#NV-11-434555-CL, NOD Rec. 5/3/11

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

701 Fairview, APN 126-241-01, TS#15151NV, NOD Rec. 4/12/10 & 4/25/11

964 4th Green Dr., APN 131-261-35, TS#11-0033283, NOD Rec. 4/25/11

382 2nd Tee, APN 131-233-10, TS#146911NV, NOD Rec. 4/25/11


NEW NOTICE OF SALE FILINGS:

807 Alder – Woodstock #79, APN 132-057-07, TS#11-0004822, NOD Rec. 1/20/11 – TRUSTEES SALE SCHEDULED ON TUES. 5/31/11 AT 11AM

820 Oriole – Royal Pines #56, APN 132-252-33, TS#11-0002887, NOD Rec. 1/20/11 – TRUSTEES SALE SCHEDULED ON FRI. 6/3/11 AT 11AM

1467 Glarus, APN 126-550-09, TS#11-0002892, NOD Rec.1/19/11– TRUSTEES SALE SCHEDULED ON WED. 5/27/11 AT 11AM

656 Village, APN 131-013-21, TS#11-40013-WF-NV, NOD Rec. 1/5/11– TRUSTEES SALE SCHEDULED ON FRI. 5/20/11 AT 11AM

579 Ponderosa, APN 122-127-10, TS#143038NV, NOD Rec. 11/10/10– TRUSTEES SALE POSTPONED UNTIL MON. 6/6/11 AT 11AM

451 Lakeshore Blvd.(lot), APN 123-250-09, TS# 182713-RT, NOD Rec. 10/22/10 – TRUSTEES SALE SCHEDULED ON TUES. 5/24/11 AT 11AM

54 Shoreline Circle, APN 122-161-01, TS#10-0135584, NOD Rec. 10/21/10 – TRUSTEES SALE POSTPONED UNTIL THURS. 6/2/11 AT 11AM

696 Village – Woodminster #31, APN 131-031-22, TS#30391 NOD Rec. 10/18/10 – TRUSTEES SALE SCHEDULED ON TUES. 5/24/11 AT 10:30AM BY HOA ONLY

1311 Moritz, APN 126-460-14, TS#10-0062271, NOD Rec. 10/4/10– TRUSTEES SALE POSTPONED UNTIL FRI. 5/27/11 AT 11AM

520 Lucille, APN 124-063-15, TS#10-0122594, NOD Rec. 9/23/10– TRUSTEES SALE SCHEDULED ON THURS. 5/26/11 AT 11AM

453 Jill Ct., APN 125-13-113, TS#140971NV, NOD Rec. 6/2/10– TRUSTEES SALE POSTPONED UNTIL THURS. 6/9/11 AT 11AM

872 Tanager – Pinebrook #40, APN 132-560-23, TS#10-0003933, NODs Rec. 1/21/10 & 2/18/10– TRUSTEES SALE SCHEDULED ON FRI. 5/27/11 AT 11AM

801 Tahoe Blvd. #3, APN 132-270-03, TS#10-40612-WFR-NV, NOD Rec. 2/10/10– TRUSTEES SALE POSTPONED UNTIL TUES. 5/17/11 AT 11AM

806 Geraldine, APN 125-233-06, TS#134134NV, NOD Rec. 4/27/09 –TRUSTEES SALE POSTPONED UNTIL FRI. 5/20/11 AT 11AM

604 Tumbleweed, APN 125-501-12, TS#08-0118389, NOD Rec. 1/5/09 - TRUSTEES SALE POSTPONED UNTIL MON. 5/23/11 AT 11AM

TAHOE PRICES UP IN Q1 2011 PER RGJ.COM

Bob Brundage of news outlet RGJ.com apparently invested some serious research time investigating the reporting of Tahoe Basin real estate sales statistics.  In a nutshell, he determined that prices here are indeed rising along with volume.

This summer should bring renewed interest in Incline / Crystal Bay real estate offerings where there is nearly no new construction.  Hopefully the currently low inventory levels will rise enough to provide a decent selection for serious buyers.

CLICK HERE TO GO TO THE RGJ ARTICLE

FINALLY TIME TO BUY AGAIN? - AOL ARTICLE

If your life, including your income, is stable.  Seriously consider buying now because the listing season is near, the inventory will become flush over the next 90 days.  Incline will not have an appreciable number of buyers in town until mid June.

It is difficult to find a better place to buy property than Lake Tahoe, Incline Village, Nevada.  Consider what is happening with the huge tax increases in California.  The sales tax alone in many counties is now over ten percent!

VACATION HOME MARKET HELD STEADY IN 2010

"National Association of Realtors Chief Economist Lawrence Yun said, “Despite extraordinarily tight credit conditions for purchasing a second home, the market share for vacation and investment homes held steady,” he said. “A sizeable number of buyers made deals with all-cash offerings.”

All-cash purchases have become prevalent in the second-home market in recent years: 59 percent of investment buyers paid cash in 2010, as did 36 percent of vacation-home buyers."

The cash buying scenario is in effect with second home sales in Incline Village.  Some buyers are making their purchases with cash to obtain the best price and then later obtaining mortgages at currently still very attractive interest rates.

FULLY APPRECIATE TSUNAMI POWER BY WATCHING THIS ENTIRE VIDEO

Take time out to prepare a disaster plan for you and yours.  I've moved that task to the top of my list.

INCLINE PENDING SALES UP ALONG WITH NATIONAL STATISTIC RISE

Incline Village, Lake Tahoe, Nevada

Pending sales of previously owned homes year to date, per the Incline Village MLS, are up 45% over the same year to date period of last year (as of 3-28-11).

(Reuters) - Pending sales of previously owned U.S. homes unexpectedly rose in February, a trade group said on Monday, pointing to a modest pick-up in home sales.

The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in February, increased 2.1 percent to 90.8.

Economists had expected the index, which leads existing home sales by a month or two, to fall 1.0 percent after a previously reported 2.8 percent decline.

"We may not see notable gains in existing-home sales in the near term, but they're expected to rise 5 to 10 percent this year with the economic recovery, job creation and excellent affordability conditions providing confidence to buyers who have been on the sidelines," said NAR chief economist Lawrence Yun.

Compared to February last year, the index was down 8.2 percent.

TWO OF FIVE HOMES "UNDERWATER" IN (SACRAMENTO) REGION PER SACRAMENTO BUSINESS JOURNAL

Two of five homes 'underwater' in region | Sacramento Business Journal

Sacramento's distressed real estate market seems to be recovering.  They usually fall faster and recover faster than the Reno-Tahoe markets.  Follow the link to the article in the Sacramento Business Journal discussing a recent report on their market by CoreLogic.

Just a two hour drive over the hill, Reno's market has stabilized and has been described lately as "balanced".

I believe the deepest channel in the river of distress has been crossed.  Reminds me of an old western.  Often the worst hardship, next to an Indian attack, was crossing a swift river.

Tahoe prices are still pudgy due to competing bank owned deals (which are selling), however, some very big dollar purchases within Incline in January and February indicate that the smart money has called the bottom.

I suspect that the summer buying season here in Lake Tahoe will be notably improved over last year, especially since the Bay Area enterprise technology firms are producing great earnings.

A CNBC guest today noted that the S&P 500 is in the second year of recovery.  The market is a prime leading indicator and it is definitely leading us upward.  I know, this time it is different for real estate due to bank greed.  Nonetheless, the direction of the curve is upward and cannot be denied.  Keep your fingers crossed.

2010 YTD INCLINE RESIDENTIAL SALES OVER 1 MILLION

Often there is not detailed information regarding sales presented on brokerage web sites.  This link, however,  will display ask price, sale price, sale price per square foot, time on market and sale price to ask price ration.  If you have any questions please email me at Randy@RandyBull.com...  .  YTD sold homes over 1 million -  Incline Village and Crystal Bay.

WASHOE COUNTY PROPERTY VALUES CONTINUE TO DECLINE | The Reno Gazette-Journal

Washoe County property values continue to decline | rgj.com | The Reno Gazette-Journal

ACTIVITY UP ON MODERATE PRICED PROPERTY | TahoeBonanza.com

RGJ ARTICLE ABOUT THE CONDITION OF FORECLOSURE MARKET IN WASHOE COUNTY

Real Estate: Number of bank-owned foreclosures n Washoe County Nevada rises 73 percent in September...