I figured August would be an interesting month on the NOD/NOS/TD front.  July was within .5% of record NODs,  a record by a longshot  for both NOS s and TDs.  But then we got "The Bailout".  Would it affect the numbers in a meaningful way, or would it be business as usual?
NODs reached a record level […]

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In a recent thread generated by the July Median’s post, a reader and commenter asked about the differences in median sales price between “distressed” properties vs. non-distressed properties.  And by distressed, we’re talking about short sales, foreclosed properties, bank sales, etc.
Per Kevin’s request I decided to take a look at the Solds data from our […]

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The monthly charts from Ticor Title for Washoe County have been delivered (see below).  Nothing really jumps out as noteworthy.  July resales and filed Notices of Default were essentially unchanged from June’s stats. 
Technically July’s filed NODs were less than June’s, but only by two (as in 431 NODs in July compared to 433 NODs in […]

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Of all the projects downtown, the Belvedere (Sundowner) is the one I could never wrap my arms around.  What was it supposed to be when it grew up?   Too expensive for UNR student housing.  Too far away from the "inner city" development for the locals or investors.  Really strange unit plans.  High prices.  I get […]

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Leslie Henderson is a Realtor in our office who specializes in short sales and foreclosures. These are difficult transactions with lots of gotchas that frequently fail to close, but Leslie has a few tricks up her sleeve to help you succeed in stormy seas. This eight-minute interview offers a street-level view of what’s happening in […]

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Our friends at First Centennial Title have provided me with July’s Market Condition Report.  One of the stats I like to read from this report is the “Percent Selling” number.  I see that the number is still holding steady around 50%.  What this means is that even after an offer has been accepted by the […]

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Below are July’s medians.  Lot’s of noteworthy stuff here.  The first thing that jumps out is that the median sold price dropped substantially from the previous month’s low.  At $247,000, not only does July’s median sold price represent a 3% ONE MONTH decrease, but also a new low median sales price since I’ve been tracking […]

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January 2007 – local client makes offer on a home that they have always admired that is now on the market as a short sale.  They make an offer knowing that it may take several months but they don’t have to sell their current home in order to purchase.  Every week I call the agent […]

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Do you have your favorites?  Outrageous price?  "Contractor special?"  "Close to transportation" (abuts I-80 sound wall)?  "Selling due to illness" (got sick of the project)?   Let’s have some fun this weekend, and post away with your best shots on the worst Reno area listings.  Links and/or MSL listing numbers are appreciated.
My current favorite?  2895 Arentz in […]

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It is hard to know what to feel about what the foreclosure numbers mean in a Regional context.  What does 2% of the county’s housing units going into some sort of default mean to you or me?  That’s 98% NOT in default, right?  A Plevelism!
We can respond to the more social aspects, like in Diane’s A […]

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