September 2008

I get asked by people all the time "When will the market hit bottom?". There are MANY variables in this equation, not the least of which includes the recent Lehman, Fannie/Freddie, AIG meltdowns and the continued rate of foreclosure activity.

This is not an easy question to answer ("predict" is probably a better term than "answer"). I can tell you however that the lower end of the single family home markets is TIGHTENING UP - it has become increasingly more difficult to get Buyers to the table fast enough for well priced homes under $250K - YES - they are getting snatched up fairly quickly.

The chart below shows you the Months of Inventory for a few local markets broken down by price range. A Months of Inventory between 4-6 months represents a

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Below is a list of Washoe County Notice of Defaults for August and September, 2008 (sorted by city and zip code). Many of these properties may eventually end up in foreclosure if the default can not be cured (loans brought current) within 35 days. Additionally, I have provided some links to other resources that may be beneficial to you:

Related Resources

• Greater Reno Area Foreclosure Home - Email Alert
• Foreclosure Home Buying - 101
• Greater Reno-Tahoe real estate market trends (by city)
• Greater Reno-Tahoe home sold prices (by city)

Notice of Default Listings

 

Street Address	City	Zip	Amount	Filed Date
00807 ALDER AVE	Incline Village	89451	$ 288,000	19-Aug
00852 DONNA DR	Incline Village

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The list below represents all properties that have had a notice of default filed from the lender of each property. Douglas County NV consists of the towns of Minden, Gardnerville, Genoa, Wellington (Topaz Ranch Estates), and a set of small communities on the south shore of Lake Tahoe including Stateline, Zephyr Cove, and Glenbrook NV.

APN	Property Address	Recording Date
1220-04-514-004	1384 Antares Av	May-08
1022-10-001-048	3935 Sandstone	May-08
1420-08-217-016	3540 Long Dr	May-08

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ATTENTION -

As of April 15, 2009, the Northern Nevada Regional Multiple Listing Service (NNRMLS) has added fields that allow this site to offer foreclosure listings that are updated daily as well as the ability to search for (or exclude) foreclosure listings. This new (more relaxed capability) allows you to have a great deal more control over your home searching and browing experience.

You can now easily browse all Reno Foreclosure Listings or Search for Reno Homes in foreclosure from these links.

This information supersedes the January 2009 ban on posting foreclosure listings and respresents a victory for consumers!

ATTENTION -

As of April 15, 2009, the Northern Nevada Regional Multiple Listing Service (NNRMLS) has added fields that allow this site to offer foreclosure listings that are updated daily as well as the ability to search for (or exclude) foreclosure listings. This new (more relaxed capability) allows you to have a great deal more control over your home searching and browing experience.

You can now easily browse all Sparks Foreclosure Listings or Search for Sparks Homes in foreclosure from these links.

This information supersedes the January 2009 ban on posting foreclosure listings and respresents a victory for consumers!

ATTENTION -

As of April 15, 2009, the Northern Nevada Regional Multiple Listing Service (NNRMLS) has added fields that allow this site to offer foreclosure listings that are updated daily as well as the ability to search for (or exclude) foreclosure listings. This new (more relaxed capability) allows you to have a great deal more control over your home searching and browing experience.

You can now easily browse all Lake Tahoe Foreclosure Listings or Search for Lake Tahoe Homes in foreclosure from these links.

This information supersedes the January 2009 ban on posting foreclosure listings and respresents a victory for consumers!

ATTENTION -

As of April 15, 2009, the Northern Nevada Regional Multiple Listing Service (NNRMLS) has added fields that allow this site to offer foreclosure listings that are updated daily as well as the ability to search for (or exclude) foreclosure listings. This new (more relaxed capability) allows you to have a great deal more control over your home searching and browing experience.

You can now easily browse all Carson City Foreclosure Listings or Search for Carson City Homes in foreclosure from these links.

This information supersedes the January 2009 ban on posting foreclosure listings and respresents a victory for consumers!

ATTENTION -

As of April 15, 2009, the Northern Nevada Regional Multiple Listing Service (NNRMLS) has added fields that allow this site to offer foreclosure listings that are updated daily as well as the ability to search for (or exclude) foreclosure listings. This new (more relaxed capability) allows you to have a great deal more control over your home searching and browing experience.

You can now easily browse all Carson Valley Foreclosure Listings or Search for Minden Homes in foreclosure from these links.

This information supersedes the January 2009 ban on posting foreclosure listings and respresents a victory for consumers!

ATTENTION -

As of April 15, 2009, the Northern Nevada Regional Multiple Listing Service (NNRMLS) has added fields that allow this site to offer foreclosure listings that are updated daily as well as the ability to search for (or exclude) foreclosure listings. This new (more relaxed capability) allows you to have a great deal more control over your home searching and browing experience.

You can now easily browse all Dayton Foreclosure Listings or Search for Dayton Homes in foreclosure from these links.

This information supersedes the January 2009 ban on posting foreclosure listings and respresents a victory for consumers!

ATTENTION -

As of April 15, 2009, the Northern Nevada Regional Multiple Listing Service (NNRMLS) has added fields that allow this site to offer foreclosure listings that are updated daily as well as the ability to search for (or exclude) foreclosure listings. This new (more relaxed capability) allows you to have a great deal more control over your home searching and browing experience.

You can now easily browse all Fernley Foreclosure Listings or Search for Fernley Homes in foreclosure from these links.

This information supersedes the January 2009 ban on posting foreclosure listings and respresents a victory for consumers!