Monthly Archives: December 2008

Deleting Foreclosure Rage – Why?

Posted on December 14, 2008 by Guy Johnson

Regarding the removal of the "Foreclosure Rage" post: Reno Realty Blog is currently in the process determining the extent of the blog’s liability when it comes to contributions and comments made on the blog.  While we truly value the contributions … Continue reading →

Posted in Legal | Tagged , , | 30 Comments

Reno Sparks Real Estate Market Update

Posted on December 11, 2008 by Diane Cohn

Sales in November 2008 were up 16% from the year prior. The under $300K saw its average price drop to a new low of $184,241. Activity in the $300K-500K range held steady on nearly all fronts. The $500K-1 million category … Continue reading →

Posted in General, Market Trends, Market Trends, Reno, Sparks | Tagged , , , | 16 Comments

Montage

Posted on December 10, 2008 by Mike McGonagle

It seems like the Montage and downtown issues are what everyone wants to talk about, so I’ll give them their own thread.  Rumors certainly have been swirling lately.  At least 2 readers of this blog have units reserved at the Montage - maybe they could … Continue reading →

Posted in Developments, Downtown Reno, General | 237 Comments

Homes Sold by Status

Posted on December 9, 2008 by Mike McGonagle

I’ve got to hand it to Mitch Argon.  His monthly reports are the best in the industry.  His web site is the best and most searchable of anything out there. It looks like Mitch has just upped the ante in … Continue reading →

Posted in General | 4 Comments

Cal Neva

Posted on December 9, 2008 by Mike McGonagle

The operating company of the Cal Neva Resort, Spa & Casino, NAMCAL LLC, just received a NOD on their $25,000,000 deed of trust from November 2007.  There have been a lot of mechanic’s liens filed by contractors and consultants for … Continue reading →

Posted in General | 46 Comments

Risk/Reward

Posted on December 8, 2008 by Mike McGonagle

What sort of opportunity needs to be there for the investors or ou to make a move?  8648 18th Hole Trail closed a couple of weeks ago for $355,350.  It originally sold for $627,166 in March 2006, and was picked … Continue reading →

Posted in Developments, Foreclosures, General | 12 Comments

November Medians and Units

Posted on December 8, 2008 by Guy Johnson

November’s median sold price dipped slightly (less than 1%) compared to October’s median sold price.  At least we didn’t witness another 7% one-month drop (as was the scenario last month). At $218,350, Reno-Spark’s median sold price has now settled solidly below … Continue reading →

Posted in Market Trends | 7 Comments

Guy Candy

Posted on December 7, 2008 by Diane Cohn

Guy Johnson is a man of many talents. In addition to being an outstanding real estate professional, our man also knows how to strut his stuff on stage in front of a crowd of hundreds. Yes, that’s right… Guy took … Continue reading →

Posted in Entertainment, General | Tagged , , | 2 Comments