The Foreclosure Market Heats Up... - 10/29/09 11:12 AM
Don't be fooled the Incline Village Real Estate Market is not immune to distressed properties including foreclosures and short sales. In fact, this week, the activity seems to be heating up and the forecast is calling for more of these properties to hit the market after the first of the year. Read More...
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Update to the Nuisance - 10/24/09 09:35 AM
From the Incline Board of Realtors...
As some of you experienced, Commissioner Breternitz responded to our original call to action on the proposed nuisance ordinance, stating that our information was not correct.  He specifically states that our comments are "erroneous" because the ordinance does "not contain any Tahoe specific modifiers."
We have been purposeful to comment on what is actually written in the ordinance language. Because the ordinance does not have specific modifiers in its language at this point, we can only comment on the stated intent of Section 8.
The proposed "Intent" states:
"The public nuisances at issue focus generally on … (0 comments)

Trail of Treats and Terror - 10/23/09 10:52 AM
It's almost Halloween and with the holiday comes a tradition in Incline for all youngsters (well some older too).  The Trail of Treats and Terror is calling all Incline Trick-or-Treators and their parents to join the quest by parking their mere mortal vehicles at the Incline Middle School (IMS) parking lot or Sierra Nevada College Parking lot before entering the haunted trail.
Stops include: the Donald W. Reynolds Community Non-Profit Center, the "Fantasy Forest," "R.I.P." (Recreation in Peace) at the Recreation Center, the LakeTahoe School, the "Talking Tree Forest" and "The Haunted Halls" of SNC. The Spooky Shuttle will return any survivors … (2 comments)

Luxury Homes at Reduced Prices - 10/23/09 09:52 AM
Luxury Homes in Incline Village reduce to entice buyers all over the country.  Are prices at an all time low?  Recent price reductions in this segment of the market have increased some buyer activity and on a whole the luxury market has done pretty well in 2009.  However with so much inventory on the rise, will prices continue to drop or will these gorgeous homes get snagged up at their current low prices?
Currently there are 23 luxury listings on the Incline Market (look up includes all homes over $2Mil built after 2002).  There are 8 between $2-$3Mil, 11 between $3-$5Mil and … (0 comments)

Foreclosure Update in Incline Village - 10/23/09 09:48 AM
Catch the latest updates with the Notice of Default list, properties in some form of distress and current short sales and bank owned sales each week right here! 
NEW REOs:
825 Southwood - Southwood Pines #1, APN 127-110-01, Rec 10/7/09
818 Donna Dr., APN 124-082-40, Rec. 9/25/09
820 Oriole - Royal Pines #57, APN 132-252-34, Rec. 9/16/09
Full Report...
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Inside the Incline MLS Week of 10/12-10/18 2009 - 10/23/09 09:45 AM
Here's what is happening inside the Incline MLS for the week of 10/12-10/18 2009.  This last week proved to be a pretty activity week for new escrows and sales, despite the economy and the falling temperatures.
New Listings this week were low with only 3 condos added to the market, 1 PUD and 6 single family homes.   Of the condos just listed the one in Southwood Pines screams of a deal, but make sure you understand what is going on with the complex.  Apparently there is a major assessment in the works!  The one new PUD that was added is a … (0 comments)

Incline Village Real Estate Market Statistics for the 3rd Quarter - 10/23/09 09:43 AM
It's hard to believe we are already deep into the 4th Quarter of the year, but we are!  Are things improving?  Yes, they are, but not by much when comparing year over year 2008 to 2009.  Here are the details....
Total Unit Sales in Incline Village Real Estate are down -4% in condos, up 17% in PUDs (Planned Unit Developments) and down -3% in Single Family Homes comparing 2008 to 2009 for the same time frame.  There were a total of 48 condos sold so far this year, 21 PUDs and 67 homes.  Full Report...
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Stop the Nuisance - 10/22/09 11:37 AM
Are vacation rentals really a nuisance or is Washoe County again coming after Incline residents and property owners?  What is going on?  If you currently use your home as a vacation rental or plan to purchase property as a vacation rental, please read this article and ACT now and pass the information along to as many people as you can!
Washoe County Wants To Make Renting A Home a Nuisance!!  Once again, Incline residents and property owners are being singled out.  Washoe County is proposing an ordinance to consolidate nuisance codes, and seeks to add a section that defines vacation home … (0 comments)

Incline Village Real Estate DATA...Do you know the truth about the market? - 10/13/09 03:02 PM
Making up for last week, we are doubling down with the information from Inside the Incline MLS. Not too many sales in the last two weeks, but there was a flurry of activity in new escrows and new escrows that did not survive…
Each week we post the new listings, price reductions, new escrows, sales and any tidbits of market information here.  For a complete list of what is happening and to be in the know, click here...
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The Latest Distressed Properties in Incline Village, NV - 10/13/09 02:59 PM
Catch the latest updates with the Notice of Default list, properties in some form of distress and current short sales and bank owned sales each week right here!
NEW REOs:
825 Southwood – Southwood Pines #1, APN 127-110-01, Rec 10/7/09
818 Donna Dr., APN 124-082-40, Rec. 9/25/09
820 Oriole – Royal Pines #57, APN 132-252-34, Rec. 9/16/09
NEW NODs or NOTICE OF DEFAULTs:
400 Fairview – Bitterbrush #2, APN 126-294-10, Rec. 10/5/09
825 Southwood – Southwood Pines #22, APN 127-110-22, Rec. 10/2/09
929 Northwood – Third Creek #6, APN 132-061-23, Rec. 10/1/09 & 12/3/08
290 Deer Ct., APN 127-570-07, Rec. 9/28/09– … (0 comments)

Good Funds Law - 10/02/09 07:24 AM
ALERT!  NEW GOOD FUNDS REQUIREMENTS!
AB133 (good funds law) becomes effective October 1, 2009 
Customers are urged to wire funds for escrows if any chance of disbursement is expected within 30 days.  Funds not wired may result in delayed closings.  The intention of the law is to insure that escrow agents are using "good" funds (already in the bank and cleared), from our principal(s).  Escrow Officers cannot disburse funds on the same day funds are deposited (in the bank), unless the funds meet very specific criteria (outlined in the law) and are deposited.  The best way to insure funds are "deposited" … (1 comments)