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Posts Tagged ‘nevada foreclosures’

Reno Foreclosures Down, Rents Down, Reno Home Prices Up, Reno Real Estate In a meltup…

A complete melt-up of Reno home prices just in the last few months as AB249 which effectively benched most lender’s from foreclosing¬†has slowed Reno foreclosures to a crawl. We saw a sharp drop from around 600 Reno foreclosures in September to single digits by fall.

Yes… I am concerned about a buildup of shadow inventory on top of the existing shadow inventory.

Investor’s have made a killing in the sub $125,000. SFR range. Reno home prices are up 50 to 100% in less than a year in this price point ¬†and appreciated around 10% a month this last quarter alone¬†in the Reno homes for sale market. I am¬†waving a¬†caution flag¬†for investor’s looking to flip in this price range however¬†as the train may have left the station. It is hard to get them to appraise so that many times an Investor has to buy for cash or add cash to make up the difference of the low appraisal. It is¬†concerning¬†to see this many Investor’s dogpiling into town frankly!

Long term Investor’s and primary Reno home buyer’s are still cool to buy in my opinion as it is still cheaper to buy than rent which of course results in a positive cash flow for most investor’s.¬†Be careful not to get caught in the hype though and use a Reno Realtor and Reno Loan Officer that returns e mails and calls¬†or you are toast getting a fast moving deal.¬†

However; watch out for continued rental declines as the pool of tenant’s has shrunk with people not¬†needing a rental home¬†after losing their home in foreclosure, renter’s becoming buyer’s (cheaper to own than rent) declining¬† jobs and population etc.¬†People that would normally be thrown into the rental pool (after losing their home)¬†can now live for free with no mortgage, taxes HOA dues etc. thanks to AB249. Additionally,¬† many Investor’s rent their homes without paying their mortgage now¬†which means they can reduce rents.

So here’s the deal; the foreclosures in Reno are at such lows that you need to contact me to keep on top of it and I will set you up for auto e mails and you may have to jump on them sometimes the same day and be prepared for yes; multiple offers. Keep in mind Reno Investor’s can be sidelined for around 30 days on many of the bank owned homes in Reno though. You need to watch the back on the market plays as many first time buyer’s can’t come up with the appraisal deficit to buy with only 3.5% down.

So… hope this makes sense and helps, this is Ron Bell, Realtor in Reno, Coldwell Banker Select Group, I can be reached at ronbellrealtor@hotmail.com 775-750-5256.

Oh yeah, not to date myself but I do answer and return calls and e mails :).

Foreclosure Hot Sheet for Reno/Sparks

Below is the hot sheet for Foreclosures and Bank Owned Homes in Reno/Sparks, NV.

This List is FREE, with no catches, and are current in the MLS as of this posting. (The Owner Financing/Lease Option Homes are the next posting) The below content is short and sweet, so if you would like additional pictures or information feel free to email me at ronbellrealtor@hotmail.com or use the search MLS tab at the top of this blog site.

If you would like to search bank owned homes yourself click: www.renoforeclosures.listingbook.com , sign in and then a login will be emailed to you.  When logged in, click Quick Search and scroll down to select Bank Owned Homes.

You can follow me on Twitter for Reno foreclosures and Reno bank owned homes at http://twitter.com/renoforeclosure. Blog is www.renohomevoices.com.  We of course don’t charge, capture your info, drip marketing/calls etc. so I would appreciate you using me as your Realtor, I answer calls and e mails promptly and I am extremely experienced (in real estate).

Thanks,

Ron Bell Coldwell Banker Select Reno Nv.

775-750-5256

Foreclosure Homes List:

Asking Price

Address

Year Built

Total Living Space

Bedrooms #

$44,900.00

11473 Green Mountain Street

1950

988

2

$45,900.00

515 Burns Street

1951

378

1

$49,900.00

702 Southworth Drive

1952

1072

3

$54,900.00

1027 E 6th Street

1926

756

2

$54,900.00

619 J Street

1951

900

3

$67,900.00

1155 Goldfield

1960

888

3

$68,250.00

11203 Rocky Mountain

1950

1792

4

$70,900.00

3630 Gull Street

1978

1440

4

$74,900.00

1650 Oxford Avenue

1961

988

3

$80,000.00

12363 Rocky Mountain Street

1950

1192

3

$80,900.00

2760 Coppa Way

1961

1044

3

$88,900.00

7615 Camden Circle

1965

1107

3

$89,900.00

6950 FORSYTHIA WAY

1991

1190

3

$99,900.00

6485 Oneida Court

1995

904

3

$99,900.00

7660 Carlyle Drive

1966

1107

4

$104,900.00

1870 McCloud Avenue

1954

1584

4

$104,900.00

7640 Robert Banks

1979

902

2

$106,500.00

12250 Jeppson Lane

1963

988

3

$119,900.00

8265 Shifting Sands Drive

1998

1461

3

$119,900.00

1741 Greenbrae

1961

988

3

$120,900.00

2915 Everett Drive

1973

1764

3

$122,745.00

20934 White Rock

1999

1487

4

$126,000.00

10710 Osage Road

1971

1260

3

$127,900.00

5629 Rustic Court

1996

1345

3

$128,500.00

1930 sweetgrass

1985

1152

3

$128,920.00

6935 Freedom Drive

1985

1167

2

$129,900.00

7663 Crystal Shores Drive

1991

1902

4

$129,900.00

845 Cordone

1965

1688

2

$129,900.00

7721 Pickering Circle

1994

1049

3

$129,900.00

2850 Judith Lane

1963

1344

3

$130,000.00

3395 Heights Drive

1963

1669

3

$130,000.00

35 Desert Spring Circle

1979

1301

2

$131,500.00

2745 Severn Drive

1973

1240

3

$132,900.00

3200 Wilma

1977

1428

3

$133,900.00

2992 Lida Lane

1978

1256

3

$134,500.00

1663 ROUND MOUNTAIN Circle

1987

1270

3

$134,900.00

4541 Park Rose Circle

1994

1150

3

$135,000.00

1801 Newport Lane

1965

2434

3

$135,900.00

7920 Key Largo

2005

1580

3

$139,900.00

10705 Wells Fargo Road

1987

1840

3

$139,900.00

10070 Shooting Star Court

1999

1786

3

$139,900.00

3430 Pierremont Road

1964

1669

3

$139,900.00

7378 Matisse Court

1999

1696

3

$139,900.00

2075 Ives Avenue

1956

1210

3

$140,000.00

360 Ember

1994

1306

3

$141,911.00

1302 Probasco Way

1957

1196

4

$142,100.00

3065 Eastlake Boulevard

1979

1211

3

$145,000.00

6975 Freedom Drive

1985

1397

3

$145,000.00

1228 Fairway Vista Lane

2006

1623

2

$149,900.00

3625 Erin Drive

1981

1800

4

$153,900.00

250 Glenmanor Drive

1958

996

2

$156,900.00

1689 Clover Hill Trail

2005

2034

3

$157,900.00

18126 Cedar View Drive

2004

2320

4

$159,900.00

683 Marracco Drive

1973

2227

4

$159,900.00

2551 Roman Drive

2002

1368

3

$159,900.00

6467 David James

1999

1490

3

$159,900.00

1990 Plumas Street

1960

1698

3

$159,900.00

4039 Antinori Drive

2005

2056

3

$163,900.00

9265 Tomahawk Way

1987

2063

3

$165,200.00

1795 Kings Row

1977

1528

4

$167,713.00

3440 Downey

1963

988

3

$174,900.00

7130 Ishi Point

2001

1803

3

$175,000.00

9716 Ripple Way

1999

1675

3

$175,900.00

1475 Gold Dust Drive

1987

1878

4

$177,000.00

2122 Blossom View Drive

1999

1525

3

$177,900.00

6240 Fieldstone

1984

1636

3

$179,000.00

4805 Sinelio Drive

1965

1646

2

$179,900.00

4305 Toro Court

1979

1926

4

$179,900.00

1103 HARBOR TOWN Circle

2004

1673

2

$182,900.00

4310 Snowshoe Lane

1978

1910

4

$184,500.00

1645 Iron Mountain Drive

2001

1645

3

$184,900.00

7020 Verite Drive

2004

1898

3

$184,900.00

2015 Applegate

1980

2408

4

$187,500.00

4360 Acadia Way

1977

2128

3

$189,900.00

835 Vivian Drive

1995

1901

3

$190,000.00

2678 Idlewild Drive

1987

1761

2

$193,900.00

2926 E Nashua Place

2002

2282

3

$199,000.00

10775 Whitehawk Drive

1972

1771

3

$199,900.00

7476 Lorna Lane

2002

2518

4

$199,900.00

3720 Thistledown Drive

2008

2251

3

$199,900.00

2915 E Nashua Place

2002

2039

3

$199,900.00

2108 Hazelcrest Drive

2005

1430

3

$204,900.00

855 Lighthouse Court

1985

1868

3

$209,500.00

3727 LEPUS DR

2006

2554

4

$209,900.00

7142 Beacon Drive

2005

2813

4

$209,900.00

9620 Comanche Moon

1998

1676

4

$214,500.00

6000 PEAK Road

1978

1832

3

$215,447.00

1265 Brentwood Drive

1955

1040

3

$217,500.00

2363 Wildcreek Drive

2004

2656

4

$219,900.00

10641 Vista Bella

9

1593

3

$225,900.00

2910 Moose Ridge Drive

2002

2772

4

$229,500.00

2710 Scottsdale Road

2000

2802

5

$230,450.00

1480 Corleone Drive

2002

2001

2

$235,900.00

2210 Peavine Creek Road

2005

1576

3

$235,900.00

7595 Tamra Drive

1981

2504

3

$235,900.00

1768 Braidwood Drive

2001

2015

4

$239,900.00

10810 Santa Fe Road

1988

1904

3

$245,000.00

21010 Ames Lane

1975

2128

4

$257,900.00

5544 Tappan Drive

1999

2512

4

$259,900.00

15615 Fawn Lane

1979

1758

3

$264,500.00

511 Beckfield Court

2004

2143

4

$264,900.00

3725 Thistledown Court

2008

3026

4

$269,900.00

4370 Jacob Patrick Court

2006

2837

4

$274,900.00

2735 Silverton Way

2000

3099

4

$275,000.00

2455 MONTEGO DR.

2001

1877

4

$275,000.00

3181 Ten Mile Drive

2002

2651

5

$279,900.00

12305 Westridge Drive

1971

3600

4

$308,900.00

10815 Serratina Drive

2006

2737

3

$325,000.00

2690 Alder Bridge Court

2004

3119

4

$342,900.00

10835 Dancing Aspen Drive

2005

3374

5

$410,000.00

1780 Laurel Ridge Ct.

2008

3050

3

$459,000.00

1750 Laurel Ridge Ct.

2008

3267

4

$525,000.00

13280 W Saddlebow Drive

2001

3352

4

$577,900.00

5280 Bellazza Ct.

2006

3385

5

$582,000.00

13 Lightning W Ranch Road

1997

4324

4

$592,000.00

75 Gazelle Road

1997

4404

4

$679,000.00

60 E Lightning W Ranch Road

2007

4515

4

$789,750.00

290 Neilson Road

2008

5114

5

$969,000.00

2309 Diamond J Place

1975

4084

5

$1,469,900.00

11155 Vincent Lane

2006

6703

5

$3,999,000.00

4045 S OLD US HWY 395

1964

16000

9+

FORECLOSURES/BANK OWNED HOMES IN RENO/SPARKS

 

Please find the below update of the Reno and Sparks R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. (THE POST BELOW IS OWNER FINANCING HOMES) The Reno/ Sparks Bank Owned Home/Foreclosure listings have been remaining stable for the past couple of weeks. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 269, rising from 193 from last week. 

 

If you have any questions about any properties, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com

 

 

BANK OWNED/FORECLOSURE HOMES IN RENO/SPARKS

 

Please find the below update of the Reno and Sparks R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. The Reno/ Sparks Bank Owned Home/Foreclosure listings have been remaining stable for the past couple of weeks. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 193 stable with last week of 198. While more foreclosures continue to come onto the market, multiple offers continue to be submitted on them. 

 

If you have any questions about any properties, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com

 

 

 

FORECLOSURES/BANK OWNED PROPERTIES Reno/Sparks

 

Please find the below update of the Reno and Sparks R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. The Reno/ Sparks Bank Owned Home/Foreclosure listings have been remaining stable for the past couple of weeks. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 193 stable with last week of 198. While more foreclosures continue to come onto the market, multiple offers continue to be submitted on them. 

 

If you have any questions about any properties, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com

 

 

 

Foreclosures & Bank Owned Homes in Reno/Sparks

 

 

Please find the below update of the Reno and Sparks R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. The Reno/ Sparks Bank Owned Home/Foreclosure listings are still decreasing. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 198 stable with last week of 193. 

 

If you have any questions about any properties, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com

 

 

 

Foreclosures & Bank Owned Homes in Reno/Sparks

 

Below update of the Reno and Sparks R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. The Reno/ Sparks Bank Owned Home/Foreclosure listings are still decreasing. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 198, down from 204 last week.  The market is still very hot for homes under $200,000 and inventory continues to decline.

 

If you have any questions about any properties, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com

 

 

Foreclosures & Bank Owned Homes in Reno/Sparks

 

Please find the below update of the Reno and Sparks R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. The Reno/ Sparks Bank Owned Home/Foreclosure listings are still decreasing. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 204, down from 220 last week.  The market is still doing well for homes under $200,000.

 

If you have any questions about any properties, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com

 

 

Foreclosures – Bank Owned Homes in Reno/Sparks, NV

 

Here are the updated Reno R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. The Reno/ Sparks Bank Owned Home/Foreclosure listings are have been steady in the past couple weeks due to the drastic decline last month. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 229.  The market is still very hot for homes under $250,000 and many of the homes are receiving multiple offers. 

 

If you have any questions about any properties, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com

 

 

Reno/Sparks Bank Owned & Foreclosure Homes

 

Please find the below Reno R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. The Reno/ Sparks Bank Owned Home/Foreclosure listings are still decreasing on a weekly basis. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 219.  The market is still very hot for homes under $250,000 and many of the homes are receiving multiple offers.   

 

If you have any questions about any properties, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com