NODs and TDs stayed virtually flat this month, while NOSs declined.  August saw 682 NODs up slightly from 674 in July.  NOSs came in at 519, down sharply from 573 in July and to their lowest level since February 2010, but corresponding to the major drop off in NOD action earlier in the Spring.  TDs fell sightly to 294 […]

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9232 Lone Wolf is a modest house located in the Villas @ Sky Vista subdivision in Stead.  It was purchased new in July 2004 for $190,947 (median was $304,300 that month).  The first loan was a 30 year fixed for $181,399 through First Horizon.  In February 2005, the home was refinanced for $206,500 on a […]

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WooHoo - Dickson has taken over the Somersett Welcome Center sales office, and Somersett Development Company sheds more staff.  The HOA is already getting huffy about a commercial use in "their" building.  The Village Center retail and office complex was scheduled for a Trustee’s Sale yesterday, but I don’t know if it got postponed again […]

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  So here it what is selling in the NW for new construction over the last 45 days, and some new stuff in the market:
-  Breckenridge has sold and closed on 4, all on Hogadon.  1472, $357,295, $150 psf.  1478, $271,254, $154 psf.  1485,  $230,968, $131 psf.  1479, $272,450, $132 psf.  They are building like crazy way […]

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The members of Somersett County Club (SCC) have apparent been give the ultimatum - buy the course or it will close or go BK or both.  I’ve been told that there was a 10 day time line on the notice, so there should be action this week.  In a letter to homeowners, Somersett Development explained […]

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-  Foreclosure action for July 2010 remained pretty steady, which is probably a bad thing for us, all in all.  NODs increased to 674 from 638 in June and 639 in May.  NOSs were down to 573 from 600 in June and 582 in May.  TDs ticked up to 298 from June’s 294, but down […]

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 First a couple new listings, then some trips down memory lane:
-  Remember a few years ago when the market for homes below $200K simply didn’t exist?  It is only recently that  the under $100K market has been addressed, but now there is a market for SFRs under $50K.  Some of them are actually pretty interesting, […]

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 We even blew through 100 today up here in Verdi.  It’s a bad day to be a big black dog!  Here are a couple items for your consideration:
-  Trustee’s Deeds look like they are trending down.  129 have been recorded so far in July, versus 169 by mid June and 294 total in June.  NOS’s also look […]

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-  Grand Sierra is moving a lot of REO units in the $12,000 range, or about  $25 psf.
-  Belvedere just had it’s first REO unit sell.  The 597 sf unit sold for $28,750 or about $50 psf.  It originally sold for $243,500 back in the day.  Must have been an all cash deal, due to the […]

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Click image to see the "before" picture full size.  Will the Siena make it through Hot August Nights?  Probably, but cooler September nights seem problematic.  There are too many DBAs, LLCs and LLPs involved to be 100% certain of the facts, so it isn’t RRB material.  But REreno has a time line and some financials posted, […]

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