Snowed in home for sale.
Wednesday, May 31, 2006
I thought that cell phone cam pics were bad. Here's a beauty for sale in Lemmon Valley (just north of Reno).
Real Estate Rule #1: Don't take pictures of your property while it's completely covered in snow. We might want to spruce up around the house before trying to sell the sucker for $300K. The days of gouging eager California buyers may have come to an end.
posted by author @ 8:10 PM,
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Caughlin Ranch Crib - $499,950
Tuesday, May 30, 2006
I'm surprised that you can even touch anything in Caughlin Ranch for less than $600K. Nice floors, nice view, very few details, but I doubt that it's a pile of trash.
I'm sure the cell phone cam pic of Downtown Reno doesn't do the view justice.
posted by author @ 9:10 PM,
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Reno Housing Bubble Location Based?
Thursday, May 25, 2006
The front page of today's paper (RGJ) says, "Sales of new homes jump".
I blogged about Lennar having a tough time selling homes in Reno and as you can see, the RGJ article proves this,
"Lennar, which bought Reno-based developer Barker-Coleman last year, has seen strong sales in certain submarkets in south Reno and the North Valleys, but has had a more difficult time with its communities in Spanish Springs."The article goes on to say that the sale of homes in Washoe County went up during the first quarter of 2006.
Reno Gazette Journal
posted by author @ 7:54 PM,
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Toll Brothers rakes in the dough.
Tuesday, May 23, 2006
"Toll Brothers Inc. (NYSE:TOL - news), the leading U.S. luxury home builder, reported higher-than-expected quarterly profit on Tuesday as it raised prices and deliveries increased."Yahoo News.
Want to know where Toll Brothers is building in Reno, Nevada?
-Dorado at Damonte Ranch $567K
-Montelena at ArrowCreek $806K
-Mountain Crest at Somersett $646K
-Saddle Ridge at Damonte Ranch$699K
-Sonterra at Somersett $789K
-Toll Brothers at Damonte Ranch $690K
posted by author @ 9:53 PM,
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Lennar Homes in Reno desperate to sell.
Monday, May 22, 2006
It was little less than 1 year ago and I remember sitting in one of Lennar's model homes in South Reno just waiting for them to call my name so I could throw down $400K a house that I didn't even want. Well, I never bought the house and now I'm glad that I didn't. Imagine how desperate Lennar must be to place ads on RenoCraigslist. It seems as though the tables have turned and Reno is over-built and bloated.
posted by author @ 7:33 PM,
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50 Year Mortgages!
Sunday, May 21, 2006
For those of you having a tough time affording that $400,000 home with a 30 year mortgage, there's a new player in town- The 50 Year Mortgage! The advantage to the 'Biggie' or 'Super Sized' mortgage is that your payments (spread out over 50 years) are lower than they would be with a traditional 30 year mortgage.
Image paying off your house by the time you're 85, now that would be great.
Listen at NPR.
posted by author @ 3:11 PM,
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More cool Reno Real Estate tools
Tuesday, May 16, 2006
The Washoe County Assessor's website has tons of great information for the potential home buyer or seller. Enter the parcel number OR the address for the property that you are searching. On the next screen, scroll down and click on 'PARCEL SUMMARY' to see plenty of useful details about the property, such as;
# of bedrooms
# of bathrooms
Prior Owner
Land Use
Zoning
Taxable Land Value
+More on the Washoe County Assessor's Property Info page.
posted by author @ 5:53 PM,
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Reno Real Estate Bubble Officially Bursting - New Evidence.
Saturday, May 13, 2006
I'm not even sure what to think of this ad on Craigslist. The Reno Housing Bubble is officially bursting. As if all of the For Sale signs popping up on your neighbor's lawns weren't enough.
posted by author @ 11:34 AM,
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80 Acre Reno Estate
Monday, May 08, 2006
3 Bedrooms / 5 Bathrooms / Library / 5 Car Garage / 3,700 sq. ft. @ $1,195,000
That's $322.97 per sqare foot. Not bad considering the fact that you will be spread out on 80 acres!
posted by author @ 9:34 PM,
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Housing - Bubble: The Authority on Reno Real Estate
Not to toot my own own, but it looks like I scooped the USA Capital Banruptcy before the Reno Gazette Journal picked it up.
My Scoop about the USA Capital Banruptcy (April 19).
and
RGJ late to the party (April 20).
posted by author @ 6:18 PM,
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Double Diamond Home - Under Market Value
Thursday, May 04, 2006
The Double Diamond area in Reno is a fairly nice locale. I'm actually very surprised that this house (1,593 sq. ft.) is selling @ $289K. I've seen smaller homes ($1,261) sq. ft.) sell for that much. Is the Reno Housing Market cooling? I don't know, but I do know that I'm gettin tired of boring Real Estate ads such as this one.
Here are my main complaints:
1. The pictures of the homes usually suck. See Cell Phone Home Pics.
2. The size of the house is often omitted.
3. The location is occassionally left out.
4. The ads are just boring.
5. The ads don't adhere to a standard layout that FSBOs and Realtors can follow. I may have to come up with this.
posted by author @ 8:50 PM,
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Construction Activity in Washoe County
Tuesday, May 02, 2006
More interesting information from the City of Sparks. I'll bet that the graph is a little outdated, but check out the disparity between 'UNITS SOLD' and 'REMAINING UNITS'.
There's also a PDF that lists (as far as I know) all developers in Washoe County, including:
-Total Approved Units
-Recorded Units
-Units Sold
-Remaining Active Units
-Total Remaining Units
posted by author @ 7:27 PM,
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Get Free Reno Housing Information
Monday, May 01, 2006
In addition to other online resources (zillow), you can also gather quite a bit of information about Reno Real Estate just by digging into the City of Reno and City of Sparks websites.
Both sites allow you to read about current and upcoming construction projects. Looking for information about that new housing development going in down the street?
Reno development information.
Sparks development information.
posted by author @ 8:53 PM,
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