Incline Village, Nv Short Sale & Banked Owned List for 10-1-11
By Ken Cash, Lake Tahoe Lake Front Homes, Luxury Homes, Condomi
(CB Select Real Estate at Lake Tahoe - 775.691.3855 - )
On the short sale list this week there were 7 price reductions, 1 new escrow, 2 back on markets, 1 new listing and 1 closed escrow. The condo at 845 Southwood #30 listed for $300,000 sold for 227,000 on 09/30/2011. On the REO list we have 1 back on market, 1 new escrow and 1 sold to report. The condo at 989 Tahoe Blvd. #101 listed for $179,550 sold for $200,000 on 09/27/2011. The market in Incline Village, as reported by the IVMLS, for short sales and REO sales accounted for 23.35% of closings YTD 09/27/2011. Add in 10 more Incline REO sales by non-member Brokers and clearly short sales and REO sales are accounting for 1 in 4 sales in Incline Village at this time. Short sale and REO listings account for about 11% of the total listings. And of the active short sale and REO...
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