Looking to score a GREAT deal on a home in Incline Village or Crystal Bay?  Check here periodically for an update on what is happening with Bank Owned Properties, REO-Real Estate Owned Properties and Short Sales.  Click here for the extensive list and most recent updates!

Updated Foreclosure, Short Sale and Distressed Properties for Incline Village, NV.  Rough times are not over for many homeowners in our area.  If you know someone underwater on their home, make sure they are working with a Certified Expert who knows how to help.

The following is an updated list of distressed properties including both foreclosures and short sales in Incline Village Real Estate.  Click here for the full story…

Does the List Price Matter When Making An Offer on Incline Village Real Estate?

This is a very interesting questions and one that makes some buyers AND sellers uncomfortable in Incline Village.  In the past it was standard to price a home based on recent market data including the future market (pricing 30-60-90 days out) especially in an EXTREME buyers market where inventory levels are huge and sales are few.  Add in the fact that no two properties are alike (lot size, sqft, build, age, etc.) and you are definitely not comparing apples to apples nor even apples to oranges.  Read the entire article and see detailed MLS info here…

More activity coming up. Experts say Jan/Feb of 2010 should be a real sign of the times ahead for more foreclosures and short sales to hit the market. More loans will be adjusting and more homeowners are sure to find themselves in the heat. If you or someone you know needs help, refer them to a CDPE-Certified Distressed Property Expert who can help them.  Click here for the full story and this week’s update…

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 here…

A bit slower this week, but still properties are added and sold from the list.  This week as of 11/11/09:

825 Southwood Blvd – Southwood Pines #5, – SOLD BACK TO BENE. NO RECORDED DOC YET.

NEW Notice Of Defaults:

702 College – Incline Crest #73

NEW NOTICES OF SALE:

108 Steam Circle - SALE POSTPONED UNTIL 12/8/09

549 Boothill Ct.– SALE POSTPONED UNTIL 12/8/09

725 Fairview – Incline Pines #10– SALE POSTPONED UNTIL 12/9/09

121 Juanita – Forest Pines #2-21 –SALE POSTPONED UNTIL 11/10/09 (we believe this was sold at auction, but has not been recorded yet!)

Click here for a full list of foreclosures and distressed properties.

Did you know that Incline Village Foreclosure are at a current high of 139 homes?  This, with an estimated total home count of 3465.  Of these homes 598 are in pre-forclosures, 90 are in default, 51 are at Trustee Sale level, 72 are already bank owned or REO (Real Estate Owned) and total resale properties are at 374 and 11 For Sale By Owners.  This data is collected from the number one website for foreclosures…Realty Trac as of November 6, 2009.

Foreclosure Heat Rate Map September 2009

Foreclosure Activity & Home Price Index for 89451

Geographical Comparison for the Area and State of Nevada

Foreclosure Activity By Month

Washoe County Activity Map

So, What happened in Incline Village this week…

Removedfrom list – Cancellation of default

945 Harold Dr. – Chateau Apt. #6

Removed from list – SOLD

321 Ski Way – Mtn. Shadows #181

861 Jeffrey – SOLD FOR $338,000

820 Oriole Way – Royal Pines #84– SOLD FOR $335,000

702 College Dr. – Incline Crest #76 – SOLD FOR $215,000

NEW NODs:

820 Oriole – Royal Pines #66

NEW NOTICES OF SALE:

28 Somers Loop

719 James Ln.- NOTICE OF SALE on 11/18/09

807 Snead Ct.– NOTICE OF SALE on 11/30/09

972 Fairway View Ct. – NOTICE OF SALE on 10/19/09

Click here for a complete list of distress properties, short sales, foreclosures and bank owned homes in Incline Village.

Graphs and Data provided by Realtytrac.

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.

Foreclosures and Short Sales are driving the local markets but may not be driving sales down. Distressed properties are one the segments that is actually moving as buyers scour to find the deals in the market. Does it have impact on local pricing? Absolutely, but it may not really be driving prices down lower. Read More…click here!