Monthly Archives: August 2008

Stormy Weather

Posted on August 29, 2008 by Mike McGonagle

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 … Continue reading →

Posted in Foreclosures, General | 68 Comments

Distressed vs. Non-distressed Median Sales

Posted on August 27, 2008 by Guy Johnson

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, … Continue reading →

Posted in Agent Insights, Market Trends | Tagged , , , , | 5 Comments

Ticor Title Charts for July

Posted on August 24, 2008 by Guy Johnson

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 … Continue reading →

Posted in Market Trends | Tagged , , , , , , | 4 Comments

The Belvedere

Posted on August 22, 2008 by Mike McGonagle

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 … Continue reading →

Posted in Developments, General, Oops | 33 Comments

Foreclosure & Short Sale Market Update

Posted on August 21, 2008 by Diane Cohn

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 … Continue reading →

Posted in Foreclosures, General, Market Trends, Reno, Sparks | Tagged , , , , , , | 1 Comment

Market Condition Report from First Centennial Title

Posted on August 18, 2008 by Guy Johnson

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 … Continue reading →

Posted in Market Trends | Tagged , , , | 5 Comments

July Median Prices and Units Sold

Posted on August 17, 2008 by Guy Johnson

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% … Continue reading →

Posted in Agent Insights, Market Trends | Tagged , , | 44 Comments

Another Short Sale Saga

Posted on August 16, 2008 by JoAnn Corriera

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 … Continue reading →

Posted in Agent Insights | 4 Comments