Yesterday’s RGJ reported that the Grand Sierra Resort is negotiating with a few interested parties on the sale of the property.  All involved parties are quiet on the details but the RGJ reported that “The Grand Sierra Resort Corp. bought the property for $150 million from Caesars Entertainment in 2005.”
If The Grand Sierra Resort Corporation […]

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But don’t worry, your funds are safe and accessible through Mutual of Omaha according to online sources. Just another sign of the times as the domestic house of lending continues to fall. Thank goodness the system still works, for now.
Meanwhile, liquidity options for WaMu are running low, though I’m sure the government won’t let that […]

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Ninety days have passed since I took a snapshot of the Pendings on our MLS. Readers may recall I followed up with a check of the status of these “pendings” at 30 days and again at 60 days.
So how have the pendings fared after ninety days?

"Pendings" - Reno-Sparks Residential
as of April […]

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1475 Palisade is the Old Southwest house purchased in December 2004 for $619,000, and gutted to the studs before construction stopped.  It had been listed at $479,000, and went back to the bank as an REO.  The bank listed it at $313,000, and it just closed escrow at $213,900 in what appears to be a cash deal […]

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[Ok I’m finally getting around to posting the charts from our friends at Ticor Title.  Thank you everyone who asked about them (both on and off-blog); it shows you care… seriously.]
So, Washoe County’s recorded units sold (resales) continue to increase: 491 in June over May’s 444 recorded sales (resales).  This increase represents more than a 10% increase […]

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Today I went out with some buyers looking in the $200K-$250K range. Like all internet shoppers they sent a specific list of properties to see. Of course they’d picked all the best deals, which meant that half were in escrow by the time we hit the pavement. No problem, I found some other best deals […]

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I must confess, Guy and I have become die-hard Inman groupies, and this year we’re dragging JoAnn along with us. Inman Connect San Francisco is one of the most cutting-edge conferences in our industry focused on the convergence between real estate and technology. All the best bleeding-edge solutions are launched there, and it’s a wonderful […]

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Want completely free access to foreclosure listings nationwide? Try ForeclosurePoint.com. This site has various levels of membership ranging in cost, but the basic level gives you unlimited FREE access to foreclosure listings nationwide including:

Full property street addresses
Property details including maps and birdseye satellite imagery
Your own Saved Properties list
Estimated opening bid amounts
Estimated market values

I registered for […]

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Lots of good stuff in this month’s Market Condition Report from First Centennial Title.  Take a look by clicking on the chart below.

Some highlights from this month’s report:

In last month’s report, the YTD market lagged the previous year by -24%. The current result (-19%) displays a five point improvement. However, this is generally slower than […]

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Last week I posted the 2008 Mid-Year Review compiled and released by our broker, Chase International.  This week our broker released the 2008 Mid-Year Price Banding charts.  These can be accessed through the link below. (Click on the chart to enlarge.) 

These charts show the number of units sold at various price points, and cover Incline Village, […]

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