Monthly Archives: June 2009

Foreclosure Flipping

Posted on June 27, 2009 by Mike McGonagle

I chronicled some of the parties buying houses at Trustee’s Sales and then flipping them a while ago in The Investors Club.  Most are still active on the courthouse steps, one crashed and burned with multiple foreclosures.  Many of their … Continue reading →

Posted in Foreclosures, General, Market Trends | 76 Comments

Ticor Title stats for May

Posted on June 23, 2009 by Guy Johnson

Below find the updated Insured Recordings statistics for Washoe County from our friends at Ticor Title.  Resales continue to climb for the fourth consecutive month. At 590 May’s number of resales has returned to 2007’s level. Refi’s fell due to … Continue reading →

Posted in Market Trends | Tagged , , | 31 Comments

Market Condition Report – May 2009

Posted on June 22, 2009 by Guy Johnson

Below please find the May’s Market Condition Report from our friends at First Centennial Title. May’s Highlights: A reduction in the number of failed listings [those listings that failed to sell; i.e. Expireds and Withdrawns] has caused the “failure” line … Continue reading →

Posted in Market Trends | Tagged , , , , | 8 Comments

Long Live the King!

Posted on June 20, 2009 by Mike McGonagle

The King’s Inn has a new interim owner – Washoe County!  The county took title to the 4 parcels that make up the property on a 4 June 2009 tax deed for delinquent 2006 property taxes ($65K, though total taxes … Continue reading →

Posted in General | 72 Comments

Melarky

Posted on June 15, 2009 by Mike McGonagle
Posted in General | 51 Comments

Saturday 13 June 2009

Posted on June 13, 2009 by Mike McGonagle

Just a couple quick riffs for weekend discussion.  If I sound angry, it is due to losing this post 3 times (so far) due to lightning caused power outages here in Verdi. – Palladio – They bought the front page … Continue reading →

Posted in General | 24 Comments

May median sold price, units, DOM, and $/sq.ft.

Posted on June 10, 2009 by Guy Johnson

Another month of 400+ units sold.  And the median sold price continues to tumble. May’s median of $175,000 represents a 7.5% drop from April’s median; and nearly a 33% decline from a year ago.  The median sold price for Reno-Sparks is … Continue reading →

Posted in Market Trends | Tagged , , , , , , | 62 Comments

Nice Buildings

Posted on June 10, 2009 by Mike McGonagle

I’d like to salute a couple of recent buildings that I admire.  First off is Archie’s on N. Virginia at McCarron.   Sorry that this thumbnail is the only image I could find of the project.  It just looks cool to me. The Downtown Reno … Continue reading →

Posted in General | 3 Comments