• North Lake Tahoe April 2013 Real Estate Sales Comparison

Wow what a great month April was when it comes down to home sales. Lake Tahoe, Incline Village & Crystal Bay real estate market home sales more than quadrupled in April 2013 compared to the previous two years, also the price differential is at 100% this year, telling us that the seller received the asking offer on their homes. Is the first time in a long time when this happened. The condominium report shows similar data.

• Residential Home Sales Report

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- Please note that the report above was created using data extracted from the MLXChange System and reflects Residential Home sales.

• Condominium Sales Report

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- Please note that the report above was created using data extracted from the MLXChange System and reflects Condominium sales.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Incline Village and Crystal Bay 2013 First Quarter Sales Report

Below you’ll find “Sold” property data for Incline Village and Crystal Bay real estate market, both located on the North Shore of Lake Tahoe, Nevada. The charts show three categories of properties: Residential, Condominiums, Town homes (Planned Unit Developments).

Please note that the reports above were created using data extracted from the MLXChange System and reflects property sales starting January 1 through March 31

2012 was an amazing year when it comes to the Lake Tahoe real estate market. The Incline Village and Crystal Bay real estate market saw a consistent increase in the number of home sales this year and the key driver for this was an extremely low sales price.

Lakeshore Realty sold 117 properties this year for a total of $92,239,875, and continues to be one of the leading real estate companies in the North Lake Tahoe area.

Below you’ll find “Sold” property data for Incline Village and Crystal Bay real estate market, both located on the North Shore of Lake Tahoe, Nevada. The charts show three categories of properties: Residential, Condominiums, Town Homes (Planned Unit Developments).

To see this image in a large format click here.

To see this image in a large format click here.

To see this image in a large format click here.

The “Median Sales Price” in 2012 was one of the lowest in the past decade in this real estate market, and was the leading factor for reducing the real estate inventory. The monthly charts show us that the past summer was the turning point; in July of 2012 the “Median Sales Price” for residential homes was at $585,000 and for condominiums was at an amazing $167,500. In these conditions, homes tend to stay less time on the market and sellers will get offers very close to the asking price.

In 2013 we will have to see if the home prices are going to increase, as they did in the past 3 months, and see in what way the country’s fiscal situation will affect home sales.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• North Lake Tahoe Real Estate Sales December 2012 Comparison

December 2012 was one of the strongest months we have seen in the past few years when it comes to real estate sales, dwarfing home sales in 2011 and 2010. This month reflects perfectly what happened in our real estate market in the second half of this year, except that a low sales price wasn’t the key factor this time. As you can see, there was an increase in the sales price compared to the previous months. The year’s end was the main factor that led to the increased number of homes sold, as most of the sales made in December were closed in the second half of the month. December 2012 confirms the trend that took place in the past 3 months, with an increased number of home sales and a median sales price that is slowly increasing as well.

• Residential Home Sales Report

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- Please note that the report above was created using data extracted from the MLXChange System and reflects Residential Property sales.

• Condominium Sales Report

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- Please note that the report above was created using data extracted from the MLXChange System and reflects Condominium sales.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Tax Advantages of Nevada Ownership

The State of Nevada offers one of the most tax and business friendly environments of any state. CPA’s, tax advisers, and asset protection specialists have recognized for years the benefits of calling Nevada home!

Sixteen Reasons to become a Nevada Resident

• No personal income tax

• No corporate income tax

• No gross receipts tax

• No franchise tax

• No inventory tax

• No tax on issuance of corporate shares

• No requirements of shareholders & directors to live in Nevada

• No tax on sale or transfer of shares

• No succession or inheritance with IRS

• No sharing of information with IRS

• Simple annual requirements

• Protection for Directors and Officers

• No initial or minimum capital requirements

• Anonymity of owners-Total Privacy

• Low property taxes

• Business friendly environment

Incline Village is an unincorporated community of Washoe County. Our local government is primarily conducted in Reno. IVGID (Incline Village General Improvement District) is an agency that supplies and regulates our utilities (water and sewer) and manages the community’s facilities, beaches, Diamond Peak Ski Resort, tennis complex, recreation center, and golf courses. There is a $736.00 Recreation Fee for Incline Village residents for use of the private beaches and other community facilities. This fee is included in your property tax.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• September 2012 Reno/Sparks real estate data

September ended the month with 463 sold transactions, down 12.5% from the prior month and down 19.5% from the same  period last year.

“With the number of sales and pending sales, we have been depleting the available existing inventory” said Kevin Sigstad, 2012 President of the Reno Association of Realtors. “It’s normal to sew a downturn in home sales after the school year starts, but the drop is sales is also impacted by the low inventory. It is also important to note that 46% of the home purchase in September 2012 were traditional sales, not bank owned or short sales, as compared to a year ago when traditional sales represented only 32% of market. This has been a reoccurring trend for approximately the past 6 months.”

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Mortgages were prepaid at a higher rate in August than at any time since 2005 according to the August Mortgage Monitor report issued by Lender Processing Services (LPS) on Wednesday. Prepayments are usually an indicator of home refinancing and the prepayments in August were higher even than those seen in the “mini-refinance waves” of both 2009 and 2010.

LPS Applied Analytics Senior Vice President Herb Blecher said that the impact of the prepayment increase has been both pronounced and broad based. “Ouranalysis showed an increase in prepayment activity across the entire combined loan-to-value (CLTV) continuum,” he said. “While those loans with equity, particularly 80 percent CLTV and below, have much higher prepayment speeds, the impact of the Home Affordable Refinance Program (HARP) was also clear. Loans with a CLTV of more than 120 percent saw the greatest uptick – a 65 percent increase for the year to date. However, it is also becoming evident that loans originated in 2007 and earlier have diminished prospects for conventional refinancing opportunities. Fewer than 30 percent of these vintages remain both active and current, and on average, they are marked by larger negative equity positions and lower credit scores. That said HARP might yet represent a viable refi option for a good portion of this pool.”

The U.S. loan delinquency rate fell 2.30 percent during the month to a rate of 6.87 percent. The current rate is 10.6 percent below that of one year ago, 7.69 percent. Continuing its decline, the inventory of loans 90 or more days delinquent is now almost 50 percent off its January 2010 peak. The bulk of the remaining inventory has now been past due for more than nine months, with a full 43 percent past due for 12 months or more. There are, however still, signs of ongoing modification activity in late-stage delinquency, with loans six or more months past due but not yet in foreclosure showing the greatest increase in cures from the prior month’s status.

The foreclosure presale inventory rate was down 1.00 percent from July and 2.0 percent from a year earlier to 4.04 percent. This is the lowest point for the inventory since October 2010 but the average is misleading. In judicial foreclosure states the inventory is at a near record high of 6.49 percent while it is only 2.28 percent in non-judicial foreclosure states. Foreclosure sales were up 12 percent nationally in August, but remain 33 percent below their September 2010 peak.

Mortgage Monitor statistics are derived from the LPS database of loan level residential mortgage data and performance information on nearly 40 million loans across the spectrum of credit products.

To Read the full article visit: www.mortgagenewsdaily.com

Oktoberfest will be held at Village Center on Saturday, October 13th, 2012 from 12 – 5pm. Be part of the Community Fair! Benefits go to Tahoe Family Solutions (TFS).

For more information call Amy or Sharon at 298-0004

In this blog listing we would like to bring you some numbers for 2012 from our real estate market, where you can easily see the number of active properties broken down by price range and the number of sold properties in 2012.

The following charts reflect real estate data collected from the MLX system for the North Lake Tahoe (Incline Village and Crystal Bay) real estate market.

2012 Residential Home Sales – break down by price range.

2012 Condominium Sales – break down by price range.

2012 Townhomes Sales – break down by price range.

Please note that there reports above reflect Lake Tahoe real estate data from 1/1/2012 until 9/14/2012

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.