I had the opportunity to attend the launch of the Better Building Company and the raising of a new Mariah Power Windspire at the Altmann residence here in Reno.  The Altmann Residence is an innovative, exceptionally contemporary and sustainable green home of the highest quality with the goal to use 100% green building materials for […]

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 April brought in an additional 49 single family residence and 14 condo/townhouse sales over March 2009.  Builder/Developer sales were down by 7 units. 
Click on chart below to enlarge.
  

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April 2009 NOD’s were 931 which is a slight increase over March 2009 total of 926.  There continues to be an 81.48% increase from 2008 to 2009.  Trustee’s Deeds (foreclosures completed) increased  2.14% for that same time period. 
  
 Information provided by Jud Klinger of Datasource (www.datasourcenev.com).

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March 2009 NOD’s have reached their highest number during the last three years and with more coming down the pipeline they are expected to escalate. How will they be dealt with? Trustee’s Deeds are running at a similar pace. March also brought the highest number of pending sales since July 2005 which could be a […]

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 We have all watched as our market continued to go down but the comparison reports below allows you to actually see the results of one year in the down market.   The short sales closings have increased our resale’s but with a noticeable decline in actual dollar volume.  Vacant land is not even being looked at […]

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October brought in only one additional sale over September in the single family residence column but $ volume was lower confirming what we have been seeing and that is prices are still going down.  You will also see that same scenario in the condo/townhouse sector.  In the builder/developer arena we find closed sales down by […]

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 In reviewing  the Housing Sales –3rd Quarter 2008, Incline Village, Nevada report from the Center For Regional Studies at University of Nevada, Reno and provided  by First Centennial Title Co.,  it appears that the median sales price has increased  by 9% over 2nd quarter 2008 although it is down 16.3% from 3rd quarter 2007. 
 
 
 
 
 
 

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 The number of NOD’s continued to climb as expected in September although inventory levels appear to be dropping and will continue downward as the holiday season approaches.  However, with growing uncertainty facing our financial markets and the growing numbers of distressed properties in the marketplace brings about the question of, will prices stabilize sometime in […]

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 August remains to be the most productive month for the third quarter of 2008.  The month of September truly shows that downward trend with closings of 380 vs. 622 from the previous month.  I find it very interesting that 87% of my personal closings during the last two months were cash buyers.  As we know, […]

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It appears that August 2008 had a significant increase in closings and dollar volume over July 2008 while builder/developer sales had a very slight decrease.
Information provided by Jud Klinger of Datasource (www.datasourcenev.com).
 

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