homes: Reno-Tahoe Area - Foreclosure Listings & Statistics: June, 2008 - 06/07/08 02:39 AM
The foreclosure market in the Reno Nevada area continues to be the most active area of the market.  In May, 2008 25% of all residential properties that were sold were foreclosure homes throughout the Greater Reno-Tahoe Region.  Considering that about 10% of the active listings are bank owned, you can definitely see where the buyers are seeking out their opportunities for the "best deals".
Some cities and areas offer much more foreclosure home inventory than others so if you are focused in one local market, you may not have much to choose from.  Check out current Reno-Tahoe Foreclosure Listings as of … (0 comments)

homes: New San Diego Real Estate Site - Launched - 05/25/08 06:43 AM
For any of you looking to check in on the San Diego real estate market, a friend and colleague of mine who is a broker in San Diego just launched a new resource.
The site was just launched today and you can now search San Diego Real Estate at Stephen MacLeod's www.SanDiegoRealEstateHQ.com 24x7.
I hope this is useful information for any readers out there.
Mitch
 
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homes: Greater Reno-Tahoe Real Estate Search - By Zip Code - 04/16/08 01:48 PM
Hello,
One of the things I like to post here for other real estate agents to view are recent enhancements I make to my site.  You may want to consider doing something like this to your site to help visitors...
I recently completed a feature which allows a site visitor to easily search/browse real estate listings by any zip code in the Reno-Tahoe region which I serve.  Each zip code has a different page with all active listings available for browsing by price ranges.
If someone wants to search with more criteria, they can use the standard MLS search (by zip … (2 comments)

homes: Reno-Tahoe Market Update - February 2008 - 02/10/08 07:47 AM
The latest issue of The Greater Reno-Tahoe Real Estate Report is published (February, 2008).  The numbers and trends definitely will favor a patient home buyer.  For home sellers and anybody who makes a living from the volume of real estate transactions (agents, brokers, title companies, lenders, inspectors, ...), the numbers are not encouraging.
Most markets in the Reno area are hitting new lows (median home price and transaction volume) and the year over year Months of Inventory is climbing in every market.
Take a look.  Read the Reno Real Estate Market Summary. Be informed.  Hope this helps.
Mitch Argon
 
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homes: Reno and Sparks NV Notice of Default and Sale Properties - January 2008 - 01/24/08 12:33 PM
Tracking and monitoring the foreclosure market requires quite a lot of keeping up.  In the Northern Nevada region, there is a lot more foreclosure activity in the Reno and Sparks markets relative to others.
Before these Reno and Sparks homes go into foreclosure, they enter what we know as a "pre foreclosure" status.  The first step is for a notice of default to be filed (see Reno Notice of Default Homes).
If the owner can not cure the default within 35 days, the lender will file a notice of sale with Washoe county.  The notice of sale will basically specify a date and … (0 comments)

homes: Reno NV Housing Market Trends and Real Estate Statistics - Jan '08 - 01/13/08 08:03 AM
Reno Real Estate Trend Watchers!
I just posted up current Reno real estate market trends for December, 2007 sales and January inventory levels.
If this is a market of interest to you, visit the link above to my blog site to read up and check out other local resources that may be of interest to you.
Mitch Argon for your Reno needs.
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homes: Northern Nevada Real Estate Market Recap for 2007 - 01/12/08 10:47 AM
Northern Nevada real estate investors:
 I just finished a recap of all 2007 statistics and trends over prior years.  See my blog post titled Northern Nevada Real Estate Trends 2007 to see year over year trends for transaction volume, median price, and % of sold price to list price by each community in Northern Nevada.
As you would probably expect, all numbers are down with the exception of Lake Tahoe real estate which still has a fair amount of activity at the higher price levels ($1.5M + ) which tends to keep the median price climbing.
Hope you like it (for … (1 comments)

homes: Reno Sold Home List and Prices - December, 2007 - 01/11/08 08:52 AM
Updated with Reno homes sold from December 1 to December 31, 2007
If you are following the Reno real estate market and wanted to scan Reno homes, condos, and manufactured homes that sold during December, 2007, I just updated my blog site to include Reno NV homes sold in December 2007.
I display the list price (most recent) and sold price so you can get a feel for how much homeowners were willing to come down in today's market.
Cheers -
Mitch
 
 
 
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homes: Minden and Gardnerville Notice of Default Filings - December, 2007 - 01/04/08 11:18 AM
Minden and Gardnerville Investors:
I just posted the most recent (through all of December, 2007) list of what many refer to as "pre foreclosure" homes.  All of the homes have had a Notice of Default delivered to the home owner and filed with Douglas County.
Interested? check out the complete list of Minden and Gardnerville Notice of Default properties on my blog site.
Mitch
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homes: Minden NV foreclosure and short sale home listings: January, 2008 update - 01/03/08 01:55 PM
If you are shopping for a bargain deal in Minden, Nevada, here are a couple of resources to hel you out:
Minden is a small town at the base of the Easter Sierra Nevada Mountain range (about 10-12 miles east of Lake Tahoe as the crow files).  Minden is one of the primary communities in what is known as the "Carson Valley".  Gardnerville and Genoa make up other towns.
Here are a few links to help out any of you who are Carson Valley bargain hunters:
Minden foreclosure homes and short sale listingsGardnerville foreclosure property listingsI hope this is useful for you!
Mitch
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homes: Sparks NV Foreclosure and Short Sale Home Listings: January, 2008 update - 01/03/08 01:00 PM
Attention Sparks Investors:
We are all bombarded with statistics from the national media on the mortgage mess and the ensuing foreclosure woes of many homeowners.  If you are pursuing foreclosure and short sale homes in Sparks, the list and related information on my site may be exactly the local snapshot of market and listing information you've been looking for.
While you are at it, you should check out other related information for nearby cities such as Reno and Carson City as well as up to date market data.
Feel free to comment or call me if you have any questions.
Hope the information is useful!
Mitch
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homes: Carson City Foreclosure and Short Sale Home Listings: January, 2008 Update - 01/03/08 12:45 PM
Looking for Carson City bank owned property?
I just updated a list of Carson City foreclosure and short sale home listings on my web site.  This information is available at no charge and with no registration required.
For Carson City investors or others looking for foreclosure real estate listings, it may be the best free source for such information.
If you are looking to buy any of these Carson City short sale properties and you have a specific timetable to "move in", be advised that the banks are not very responsive - this creates frustration for buyers, sellers, and agents...
I hope the information is … (0 comments)

homes: Reno Nevada Foreclosure & Short Sale Listings: January, 2007 Update - 01/03/08 12:35 PM
Greetings -
As of Jan 3, 2008, there are approximately 165 Reno foreclosure homes and Reno short sale homes (and about 16 condos in the same condition) in the MLS.  Last month at this time, there were about 170 (homes and condos combined).
Most foreclosure homes make their way into the MLS because the starting bids the banks place on them at auction is generally equal to the amount of the mortgage.  No surprise that nobody is willing to pay such a price and assume a negative equity position at once.
Check out the list of Reno Nevada foreclosure and short sale home listings. … (0 comments)

homes: Lyon County - Notice of Default List as of November 2007 ( Dayton and Fernley) - 12/29/07 09:17 AM
Greetings,
This post covers Lyon County, NV.  The primary communities in Lyon County (which is mostly rural) include Fernley, Dayton, Yerington, Stagecoach, Silver Springs, Smith, and Wellington.   
In November, 2007 there were 79 properties that banks filed a Notice of Default for.  As you likely know, these properties would be in a " pre - foreclosure " state.
I know we are almost into January now - I expect to have these posts up in a more timely basis in the moths ahead.  View Lyon County NV Notice of Default property list now on my web site blog.
Happy New Year!
 Mitch
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homes: Carson City Homes with Notice of Default - 12/27/07 12:44 PM
Hello,
If you are tracking or investing in foreclosure propery in Carson City, NV, you may want to get a heads up on those properties that are likely to be in foreclosure soon.
 When a Carson City home has a Notice of Default filed against it, this is the first step in the foreclosure process.
To see a list of Carson City Notice of Default homes, check out my primary blog site.
Happy hunting!
 
Mitch
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homes: Sparks Homes with Notice of Default - 12/27/07 12:40 PM
Hello -
If you are hunting for Sparks homes that are likely to end up in foreclosure, I am posting homes in Sparks with a Notice of Default that has been submitted to the homewoner and published at Washoe County.
From December 10-13, 2007, there were over 20 Sparks Notice of Defaults filed and about 5 Notice of Sales.
To see the list, check out the Sparks Notice of Default homes on my primary blog site. 
If you are in the market for a property that is bank owned, you should check out the related links for other useful information and services.
Cheers,
Mitch
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homes: Reno NV - New Home Builder Incentives - 12/18/07 02:13 AM
New Home, New Years Incentives from Lennar Homes
Here is some information to help you gage what is available and how motivated the new home builders are, in this case it is Lennar who is the builder.  
Here's what Lennar is offering on Reno and Sparks new homes:
Marinda at Northstar Ranch
Homes in this Reno new home community start in the low $300K.  Lennar is offering buyer incentives up to $50,000 on selected models of these homes.  Specifically, they have two that are "ready for move in".  That's over 15% of the purchase price!
Candelara
This Sparks new home community … (0 comments)

homes: Recent Homes Sold - Carson City, Dayton, Fernley Nevada - November, 2007 - 12/05/07 11:53 AM
Northern Nevada Blog Readers:
It's about that time of the month to round up the details and statistics on homes sold in the Northern Nevada region for November, 2007.
To get this all formatted (with a little bit of analysis) does take some time so I only have homes sold for the following areas:
Carson City Homes Sold Dayton NV Homes Sold Fernley Homes Sold I included a short analysis on the % of sold price to list price to help both home buyers and sellers understand what may be an "expectation" of how much of the price is negotiable.  If … (0 comments)

homes: Reno-Tahoe New Homes Directory - 11/25/07 02:49 PM
Greetings -
 Many home buyers that I work with are interested in new homes due to lower maintenance, more contemporary designs, the security of builder warranties, and (more recently) new home builder incentives and aggressive pricing.
 Many buyers don't know that any real estate agent can represent them in a new home purchase and that there are some real benefits (ensuring an inspection be done, negotiation, advice on best floor plans for resale, etc.).  
To make it easy for home buyers to find a comprehensive list of new home communities in Reno, Sparks, Carson City, Carson Valley, Dayton, and Fernley, I … (1 comments)

homes: Nov-07: Reno Nevada Real Estate and Housing Market Trends Update - 11/13/07 01:27 PM
Good Evening -
I am posting this blog entry for any of you out there who may have an interest in following the Reno housing market trends.  I publish a comprehensive report, The Greater Reno-Tahoe Real Estate Report, on my site and pull market changes off and publish them in my blog.
You can view a sample of The Greater Reno-Tahoe Real Estate Reporton my site and sign up to receive monthly updates - it is all free and all really valuable information.
As you will see, the Reno median home price is decreasing and is now at around the same … (0 comments)