Incline Village was never immune to the foreclosure and distressed property issues faced nationwide.  In fact we are seeing more and more properties hit the Notice of Default list and ultimately the foreclosure list weekly.   See below for an update on the newest properties and deals that are in the Incline Village Real Estate Market… As of 6/22/2010 the following is the most recent update for distressed properties in our local market.

Happy Father’s Day to all of your Dads out there.  Hope you enjoyed a relaxing weekend doing whatever it is that you enjoy!  This week Inside the Incline Village Real Estate Market we continue with adding more inventory to our housing market.  The good news is there are a few new escrows and sales to report, the bad news is that we are still in an Extreme Buyers Market with more than 2 years worth of inventory.  We don’t make the shift to Sellers Market until we are down to at least 6 months of current inventory.  To read all about what is happening in Incline Village Real Estate for the week of June 7th-20th…READ MORE…

North Shore SnowFest Lineup

The North Shore is the place to be for SnowFest’s closing weekend. In addition to the big Queen’s Raffle drawing, come out to Kings Beach and enjoy two days of fun and fantasy for the whole family.

CANCELED Friday, March 12, 5:00pm: Kings Beach Ice Castle Lighting & Coloring Contest, Kings Beach State Recreation Area. CANCELED. Unfortunately, due to lack of usable snow at the Kings Beach State Recreation Area, the Ice Castle Lighting has been canceled.

Friday, March 12, 7:00-11:00pm: Joe King Poker Tournament, Tahoe Biltmore, Crystal Bay. Play your cards right for the chance to win great prizes and become Honorary Mayor of Kings Beach. The ‘Mayor’ will get to ride in a fancy red convertible in the Kings Beach Parade the next morning. Live music, hors d’oeuvres, no host bar, slot challenge, 1920’s costume contest and a fabulous time for all, even if you are not playing cards! NTBA 530-546-9000. NorthTahoeBusiness.org.

Saturday, March 13, 8:30-10:30am: Pancake Breakfast & Community Expo, North Tahoe Event Center, 8318 N Lake Blvd, Kings Beach. Enjoy pancakes, sausage, strawberries and all the fixin’s with a cup of OJ or coffee, all in support of the NTPUD’s Youth Trust Fund Scholarship program. Some proceeds will also benefit the Playground Project at the North Tahoe Regional Park. $7 adults, $3 kids (4-12), Ages 3 and under are free. North Tahoe PUD, 530-546-4212, NTPUD.org.

Saturday, March 13, 10:00am: Dress Up Your Dog Contest, North Tahoe Event Center, 8318 N Lake Blvd, Kings Beach. On the patio at the Pancake Breakfast, the TNT-TMA presents a Tahoe favorite, the ‘Dress Up Your Dog Contest’. TNT-TMA, 530-581-3922, LakeTahoeTransit.com.

Saturday, March 13, 11:30am: Kings Beach Winter Fun SnowFest Parade, Kings Beach Main Street. Trucks, balloons, color, beads, kids, floats, music and shiny stuff – it must be a PARADE! We have a bunch of fun entries this year, come out and see! North Tahoe Business Association, 530-546-9000, NorthTahoe Business.org.

Saturday, March 13, 12:30pm: After-Parade Party & SnowFest Queen Raffle, Caliente!, 8791 N Lake Blvd, Kings Beach. The big raffle prize this year is 5 days/4 nights at the South Kona Hideaway Bed & Breakfast and $500 cash! You can purchase some last-minute raffle tickets at Caliente! while enjoying a ChupaCabra and the after-parade festivities. Caliente!, 530-546-1000, CalienteTahoe.com.

Saturday, March 13, 2:00pm: Ta-Hoe Nalu Arctic Standup Paddleboard Race, Blue Onion Cafe/North Tahoe Beach Center, N Lake Blvd at Hwy 267. Registration starts at 11:00am at the Blue Onion Cafe, 1-mile Sprint Race is at 2:00pm from the North Tahoe Beach Center. Live Music and party at the Blue Onion after the Race. Contact Ernie:775-772-2972, ta-hoenalu.com.

Saturday, March 13, 6:00-10:00pm: Food For Thought Tamale Dinner, Boys & Girls Club of North Lake Tahoe, 8125 Steelhead Ave @Secline in Kings Beach. Enjoy homemade tamales and traditional Mexican fare while celebrating the voices of local youth as they showcase their photography, film, writing and more. Proceeds benefit ARC’s youth scholarship fund. Adventure Risk Challenge, arcprogram.org.

Saturday, March 13, 8:00-11:00pm: Snow Ball at the Cal Neva, 2 Stateline Rd, Crystal Bay. Put on your dancing shoes for a fun-filled evening in a winter-wonderland setting. Enjoy live music from the 60’s 70’s and 80’s along with libations and light snacks and a raffle. A portion of proceeds to benefit Disabled Sports USA-Far West. Cal Neva, 800-233-5551, calnevaresort.com.

Sunday, March 14, 9:00am: Lake Tahoe Dodge Ball Championships, Boys & Girls Club of North Lake Tahoe, 8125 Steelhead Ave, Kings Beach. 18 & Up. Dodge, duck and dive your way to being crowned Dodge Ball Champs of Lake Tahoe. Dust off your zany team uniforms and get ready to dodge to benefit the Boys & Girls Club of North Lake Tahoe. 530-546-4324, bgcnlt.org.

Remember to visit our friends and neighbors around the rest of the Lake Tahoe and Truckee region through Sunday, March 14, 2010. There are plenty of activities for all during SnowFest! Join in and enjoy the fun and frolic of winter.

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 closes at $226kK listed at $229,995.  These were all on our Hot Buy List.

Market Rejects:  The end of the month always brings a slew of activity in the market rejects category.  This week there were 17 condos rejected by the market, 4 PUDs and 12 SFHs.  Pricing…it IS all about the pricing!  Check where you are priced, view the competition with the buyers mindset and review where you are going for the future if you are seriously wanting to sell.

For a complete list of ‘Hot Buys’ click here.  Until next week!

Santa Claus is Coming to Town…Whether you’ve been naughty or nice, Santa is coming to Lake Tahoe this Winter.  He has many scheduled appearances this year so do not worry if you cannot make all of them, one is destined to match your schedule.  Click here for a complete schedule.

Today congress voted overwhelmingly to pass legislation containing an extension and expansion of the homebuyer tax credit and sending the tax credit to President Obama for his signature as early as tomorrow. Read the whole story…

What has been happening inside the Incline MLS. Are there any sales? New escrows? Every week we post what is happening in the Incline MLS and last week slipped by (sorry). So this week, there is two weeks worth of data and it is pretty good news too. New escrows and sales around and over $2Mil for single family homes. WOW!!!  Click here for the full story and all the MLS details.

Activity is picking up in the Incline Village Foreclosure Market. Not only are these the hottest properties to purchase there seem to be more and more of them hitting the market and faster and faster too.

If you are a seller and you are on the Notice of Default you need to talk with a qualified Realtor who has their certification like the CDPE-Certified Distressed Property Expert ASAP. Do not wait another day.

If you are a Buyer you should be watching this list like a hawk so you know when and how to act on one of these GREAT deals! They are hitting the market all the time and sometimes quite quickly.

For the most recent additions to the Foreclosures and Distressedd Sales, click here.

For a list of bank owned properties in Incline Village and to see where the distressed properties and notice of defaults are, click here.

Just yesterday Intero announced across the newswire that they have created an affiliate company, Intero International Franchise Services (“Intero International”).  Leading the charge oversees is President, Javier Parraga, a well respected colleague formerly with Realogy.  As you will read in the attached release, Javier is well known internationally for his success in real estate franchising sales. 

In addition to announcing Intero International Intero is also proud to mention that our franchise sales efforts abroad launched just hours ago in the Asia Pacific region, with Albert Mendoza at its helm.  Albert Mendoza is a former international sales executive with Realogy, whom is now Intero International’s Managing Director of Intero Asia Pacific, and as of this week is in Singapore spreading the word about our company. 

Please click here to read the attached press release for further details.

An analysis of house prices by neighborhood reveals that areas that have lost the most value are those in Reno-Sparks’ outlying regions.

Local housing market: Slump hurt some more than others- Reno Gazette Journal Article