Two of the strangest little projects in the NW finally received NODs today.
Mayberry Villas is a Homercraft’s project at McCarran (busy street) and Mayberry (pretty busy).  Half million dollar duets aimed at I’m not sure just whom.  Rich lock-and-leave Californian retirees, I guess.  Sketchy location, sketchy market, beautifully executed as are all Homercraft’s projects.  I think […]

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Via Como LLC developed an 18 unit chunk of ArrowCreek on Via Como, Via Solano, Via Verona, and Via Ponte.  They received a NOD today on their last 4 unsold properties (10044, 10058 and 10072 Via Solano and 10142 Via Verona).  The finances on this project are a real mess and shows that the developer […]

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The NATIONAL ASSOCIATION OF REALTORS® has launched its new HouseLogic website.  And regardless of one’s opinion of the NAR, the website contains a lot of useful information for maintaining one’s home.
From the website:
HouseLogic is a free source of information and tools—from the NATIONAL ASSOCIATION OF REALTORS®—that can help you make smart and timely decisions about […]

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The RSAR (Reno/Sparks Association of REALTORS®) has released November’s Market reports for Reno/Sparks as well as for Fernley.  These reports can be accessed here:
Reno/Sparks Monthly Market Talk – November 2009
Fernley Monthly Market Talk – November 2009
Points from the Reno/Sparks Report:
Sales

November 2009 had the highest number of recorded closings for a November. This is partially attributed […]

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If you build it, will they come? 
 Breckenridge is a 108 unit development in the NW, just north of the Grand Summit between McCarran and Robb.  Meritage was originally going to build it out, and undertook heroic site prep.  My recollection is that the prices were to start in the upper $400s.  I’ve been up there, […]

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Yesterday’s RGJ’s had a piece regarding the outlook for Northern Nevada’s housing market.  The story, “Housing outlook: Northern Nevada’s real estate recovery tied to jobs, experts say” featured commentary and predictions from:

Brian Kaiser, housing and real estate analyst, Center for Regional Studies, University of Nevada, Reno
Ken Amundson, 2010 president, Reno/Sparks Association of Realtors
Ken Wiseman, broker-owner, […]

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 -  The Siena received a NOD this week.  This looks like a Dallas / Dynasty sort of thing, with Dad foreclosing on the prodigal son.  Don’t get too excited - this one is probably just a paperwork deal, but worth watching.  I really like the Siena, and would hate to see anything bad happen to it.
-  […]

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The Inner Southeast.  The Wedge West of Wells (We3).  I don’t know if there is an accepted name for this stretch of Reno turf bordering on the "bungalow distinct", but this ignored patch of ground was set to change downtown Reno as we know it.  Forget the Montage, Riverwalk, Belvedere, Arterra, Wingfield Towers and other […]

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From our friends at Ticor Title, the Washoe County November resale, refinance, and new home statistics can be accessed by clicking below.

Looks like Refi’s took a big jump in Novmeber – a 19 percent increase over October’s refis.  Must be the record low rates.

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Thank you to our friends at First Centennial Title for providing the monthly Market Condition report below.
November’s report shows that many of the metrics (Supply, Withdrawns, Percent Selling, etc.) have held steady for the month.  However, regarding prices the report’s overview states:
“Activity gradually slowing. SFR and Condo prices posted declines which were somewhat greater than […]

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