Incline Village, NV Real Estate News

By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Yes, they happen everywhere and to all walks of life.  Incline Village, NV is not immune to Foreclosures, short sales and other forms of distress.  Property values are down and many people across the nation are finding themselves in situations they never thought possible.  There is help out there and there are some great deals to be had in the market.  You just need to find them and be ready to pounce. Here is this week's update on the Distressed Homes in the Incline Village Real Estate Market:
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
What's new in Incline Village Real Estate?  Check this blog post weekly to get the most updated information on the real estate market and what is REALLY happening in the market.  Is now a good time to buy?  Well of course, if you want to buy it is the best time, interest rates are still low, the buyers market couldn't be stronger, inventory is there and sellers (some) need to sell.  Work with a qualified agent to find those deals and to protect you! For the week of March 8th-14th
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By Ken Cash, Lake Tahoe Lake Front Homes, Luxury Homes, Condomi
(CB Select Real Estate at Lake Tahoe - 775.691.3855 - )
How nice to be able to say--for a second week in a row--that we continue to see gentle glimmers of improvement. Not necessarily to the whole economy, a little to employment but most to the real estate picture of Lake Tahoe and Incline Village. In many ways, the stars seem to be coming into alignment for job growth--high corporate profits, better retail spending, more consumer credit, a lot of hiring of temps.Let us hope. I think there are many reasons to do so.
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Yes, they do exist in Incline Village and Crystal Bay, Nevada as well as many other areas around Lake Tahoe.  Foreclosures, short sales and distressed properties are looming all around us and deals are ready to be made between buyer and sellers and buyers and the banks.  Ask us how to find them and what the best method for purchasing these is.  The following is the most current update for foreclosures and other distressed properties in our marketplace.  Click here for the full story...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Steady, steady...it continues.  Just recently we are seeing more inventory once again and the good deals getting snatched up like 'Hot Cross Buns' out of the oven.  For February the activity is still pretty darn good and this report will detail for you what is moving and where the good deals are.  For the week of February 15th-21st 2010, click here for the details...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Moving on to February and quickly.  Before we do, here is the wrap on Incline Village Real Estate and what happened here during the month of January!  If you have been following our posts you know the market keeps plugging along and January was no different.  It seems as if we have made the turn in the market with inventory slowing down and sales steady.  Click here for the full story...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Steady, steady, steady and yes...Incline Village Real Estate is moving.  Contrary to all the negative news you hear in the media, Incline Village continues to move real estate as buyer understand the turn in the market and sellers (real sellers) are still very reasonable about the market conditions.  For the week of January 25th-31st 2010, the Incline Village MLS reported the following activity...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Signs in the market do not indicate a slowdown and as a matter of fact slow and steady seems to be the nature of the current market. During the week of January 18th-24th the following took place in the Incline Village Real Estate Market: New Listings:  3 condos hit the market, 1 new PUD (Planned Unit Development) and 4 Single Family Homes. Price Changes: 9 condos reduced their prices this week, 2 PUDs and 3 Single Family Homes. New Escrows:  4 condos were the lucky recipients of an offer that was actually accepted, 1 PUD and 2 Single Family Homes. Sales for the Week:  2 PUDs and 2 Single Family Homes closed and were able to move on.  Both PUD and SFH sales were GREAT deals for the buyers and probably a relief for the sellers.  Some of these homes have been on the market for over a year ...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Lake Tahoe is not immune to foreclosures, short sales and distressed properties in general. In fact, one might argue that it is increasing in Incline Village, NV part of Washoe County, but looking at the statistics the number of foreclosures is trending downward over the last 6 months.  Currently there are 69 bank owned homes in Incline Village alone, almost 80 in pre-foreclosures and 42 scheduled for auction.  As of December 2009 RealtyTrac is reporting that 1 in every 655 homes in the 89451 zip code is receiving a foreclosure filing.  Yikes!  This my friends is still a VERY HIGH number.  See these additonal graphs from RealtyTrac as well that help explain what is happening and how it compares to the County level, State level and National level of foreclosures.  Click here for the full...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Diamond Peak Ski Team Celebrates Ullr Fest with the Community Incline Village, NV, January 29-30; Diamond Peak Ski Team celebrates Ullr Fest by extending an invitation to the community to join them for family fun and festivities beginning Friday through Saturday, January 29-30, 2010 at Diamond Peak Ski Resort. Families, coaches and community members will celebrate Ullr Fest at Diamond Peak Ski Resort, in an effort to bring the North Tahoe community together to celebrate and raise funds for childrens ski programs. Ullr is the Norse God of winter and will be honored in this community event hosted by the Diamond Peak Ski Team. Events include a Torchlight Parade with the ski team children, a Bon Fire Kickoff family night with live music on Friday. Ullr Fest continues with Ullr Games, dinner...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Moving on to 2010 and the activity seems to be keeping up as well. Although inventory has come to a slow down, the good ones are still getting picked up by some smart buyers.  If you are a buyer in this market, the timing is GREAT, if you are a seller in this market, you may be taking hit due to the economy but perhaps you can make up for it wherever you are taking your proceeds.  Read the whole story here...
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By Tracy Saunders
(Chase International)
One of the things I love about living in Incline Village is the plethera of activities offered to our children.  Starting this week those of you with Toddlers may want to check out the following Foreign Language Class... New Toddler's Spanish Class Starts Thursday January the 14th at 12:30pm.*Spaces also available for our ongoing Tuesday, Thursday class at 10:00am.*Custom classes available upon request.  Let us know your interests here by filling out one of our questioners. Our Toddler's Spanish classes are for ages 2 to 4  run for 50 minutes and are limited to 6 students.  This session will run for 4 weeks and cost $20.00 per class.Classes utilize an immersion approach, teachers use the target language to actively engage children in a variety of songs, games and other fun activities.O...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
Who says the holidays are slow? In Incline, the market was almost as hot as the grocery store crowds. This week there was quite a bit of activity and our office saw several walk in clients as well. New Listings:   This week there were only two new listings both PUDs or Planned Unit Developments (Freestanding condos).   1324 Tirol is also back on the market with pre-approval from the 1st lien holder on this short sale.  What a GREAT deal at $285K. Price Changes:  There were only three price changes...2 condos and 1 Single Family Home (SFH).  The Pinebrook condo at $81K is a short sale, but if you can get the bank to approve it...it's a good deal.  The last two sold just recently for $89 and $90K.  The SFH on Sutro Court reduced to $410, but it's not enough! New Escrows:  This week there ...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
There is an article in the Bonanza about Incline Village turning into a Martha's Vineyard. Although there is some truth in the way this is panning out, we do still have many families who love living in the mountains and plan to keep their main residence here. I would agree that with the down turn in the economy it has given many people the next opportunity to buy property here that they will probably use as a vacation rental or just a second home for their primary use, but will become Martha's Vineyard? I think not! Martha's Vineyard has but one season really...the summer. It was always set up to be just that, a home away from home. Tahoe is very seasonal and offers so much more during different times of the year. Be careful when reading this article and take it with a grain of salt. ht...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
It is great to have the inside scoop on Incline Village Real Estate and each week you can see the most updated information on what is happening Inside the Incline MLS right here.  Things are still moving and although it is the slow time of year in our neck of the woods, it is great to still see the movement in the market.  What it boils down to for Sellers is pricing and what it boils down to for Buyers is 'A Deal'.  This week the slowness continues...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
It has been a while since we updated this list for you on our blog, but here are the latest and greatest details on distressed properties and foreclosures in Incline Village Nevada Real Estate.  No, the problem has not gone away and we continue to see new homes hit the Notice of Default list, go to short sale and worse, foreclosure.  Read the whole story...
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By Ken Cash, Lake Tahoe Lake Front Homes, Luxury Homes, Condomi
(CB Select Real Estate at Lake Tahoe - 775.691.3855 - )
  A popular parlor game these days is trying to predict how the holiday real estate shopping season will fare. If sales rise from last year, that may bode well for the economy heading into 2010. If sales drop, well, that's not such a good sign.  Like many things related to the real world of life and Wall Street investing, you could do exhaustive, detailed analysis to come up with a prediction, or, you could pick one indicator that has some historical significance and run with that. As it relates to predicting holiday sales, sales in general, it turns out that, "Christmas tree sales can be a good gage of the strength of the holiday-shopping season," according to The Wall Street Journal. So far, this simple indicator looks positive. Christmas tree sales were up 6% the weekend after Thanks...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
More of the same, but at least there is activity!    For the week of 11/30-12/6, 2009 the following took place inside the Incline MLS: New Listings:  3 condos and 3 single family homes (SFH). Price Reductions:  2 condos and 6 SFH decided to reduce their prices in hopes of an offer.  Check them out, but we did not recognize any hot buys out of these.  Perhaps the Coeur du Lac will entice someone at $235K but it is only a one bedroom. New Escrows:  2 condos went into escrow this week and 1 SFH. Sales:  A pretty good week with 4 condos, 1 PUD (Planned Unit Development) and 2 SFH sold this week.  Of the condos sold 850 Northwood #50 was a great deal closing at $290K, 825 Southwood #19 was a Hot Buy foreclosure listed at $159 and sold for $185 cash and another moderate income housing unit cl...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
With the ending of the Thanksgiving Weekend ends another SLOW week in Real Estate. New Listings with a total of 6...4 condos and 2 single family homes were the only new things to hit the market. Price Changes were slow too with only 10 trying to make a change in time for Turkey Day.  There were 4 condos that reduced their prices, 1 PUD (Planned Unit Development),  4 Single Family Homes and get this, one single family home actually RAISED the price $400K...WHAT a DEAL!  Either that or too much turkey. New Escrows this week.  Ouch...only 2 and both were condos. Sales too were slow with only 1 condo and 1 PUD.  The PUD that sold was an Incline Creek Estates unit on the creek that did not sell at auction, went back to the bank and listed for $970K (On the hot buy list for sure) and sold for...
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By Bruce & Sandy Soli, Tahoe Lifestyle Experts
(Sierra Sotheby's International Realty)
The holiday season is upon us, which means it’s time to go shopping. Shopping for gifts, decorations, new clothes, new electronics…for stuff. This will do some damage to Americans’ bank accounts, but what is the real cost to people, the environment, the economy, to the world as a whole? From extraction to production to consumption to disposal, when one takes a closer look at consumerism, there are considerable hidden costs. In the Story of Stuff, author and activist Annie Leonard candidly examines stuff: where it comes from, where it goes, and how it affects people and the earth along the way. Leonard’s 20 minute film is simple, straightforward, and hopeful. Our current consumerist model is fatally flawed, but there is another way. The UC Davis Tahoe Environmental Research Center and Si...
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