Monthly Archives: March 2009

From Housing Bubble to Bread Lines?

Posted on March 22, 2009 by Diane Cohn

I am deeply disturbed by the direction our country is going. How can I even care about real estate in Reno as the United States goes to hell in a handbasket right before my eyes? Is it just me? Am … Continue reading →

Posted in Agent Insights, Strategy | Tagged , , | 32 Comments

Take the Money and Run

Posted on March 19, 2009 by Mike McGonagle

823 Ophir Peak just listed in Incline Village for $617,900.  Take a look at the pictures on the MLS – the place is a dump.  But this little dump is costing Bank of America (and you and I) over $750,000.  … Continue reading →

Posted in General | 78 Comments

Montage Closings

Posted on March 18, 2009 by Mike McGonagle

The first units at the Montage closed Tuesday.  1511 is a D unit on the NE corner, 1054 SF, and sold (cash?) for $283,560.72, or about $269 psf.  2218 is a G unit on the SW corner of the "stub" … Continue reading →

Posted in General | 27 Comments

Reno Sparks Residential Market Update

Posted on March 18, 2009 by Diane Cohn

In February, prices were down again in every range, while unit sales increased from January and year-over-year. In comparing this month’s chart with last month’s, it appears as though some of the above $200K inventory shifted down into the under … Continue reading →

Posted in Market Trends, Market Trends, Reno, Sparks | Tagged , , , , | 12 Comments

How Much Green has this Blog Saved You?

Posted on March 17, 2009 by Diane Cohn

A few weeks back some really nice clients took me out for dinner. Two years ago they sold a house they had inherited in the Bay Area and moved out here to begin their professional lives. They were looking for … Continue reading →

Posted in Agent Insights | Tagged , , , , | 21 Comments

Media Tweet

Posted on March 16, 2009 by Mike McGonagle

Hey, if you get the chance, check out the 10 PM news on KTVN channel 2 tonight.  RRB gets cited for reporting foreclosure numbers in the intro to the Wingfield Springs Short Sales piece.  At least we were on the 6:30 news cast. From … Continue reading →

Posted in General, Tech Tools | Tagged , , | 6 Comments

RealtyTrac’s foreclosure rate heat map

Posted on March 16, 2009 by Guy Johnson

Thanks to Reno Ignoramus for forwarding a link to RealtyTrac®’s Foreclosure Rate Heat Map for Washoe County.  The map shows the number of foreclosed homes by zip code.  Mouseover the areas to have pop-up stats like: “89506: 224 foreclosed properties … Continue reading →

Posted in Foreclosures, Market Trends | Tagged , , | 31 Comments

Friday 13 March 2009

Posted on March 13, 2009 by Mike McGonagle

Some odds and ends for weekend discussion: -  The Notice of Sale for the Cal Neva Resort and Spa was posted today.  See you on the courthouse steps 8 April 2009 at 11 AM.  Estimated debt at sale date is … Continue reading →

Posted in Developments, General, Market Trends, Oops | 25 Comments