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Recent Stories in Real Estate

Lower inventory equals higher prices in North Shore

November 16, 2017 — We have come a long way since the Great Recession ended and the economy turned around. But it's worthwhile to take a look back and quantify some of the changes, so we can understand the current state of the real estate market on the Nevada

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Luxury home sales steady in Tahoe, Truckee

November 15, 2017 — The year-to-date housing market statistics for the Tahoe and Truckee luxury market have been tabulated. Luxury home sales for the Tahoe and Truckee region have been steady year-to-date. The data is based on sales transactions of $1 million-plus for single-family homes and condo-townhouses recorded from

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Washoe County home sales climb 4 percent in October

November 13, 2017 — Sales of existing homes in Washoe County in October rose 4 percent over the year but fell by 12 percent from September, a report Wednesday by the Reno/Sparks Association of Realtors shows. The report, based on data from the Northern Nevada Regional Multiple Listing Service,

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Request made to speed up Tahoe condo project

November 11, 2017 — A high-end condominium project on the site of the former Tahoe Shores Mobile Home Park is seeking to double down on its first phase in response to high demand. While not altering the total 143 units approved for the project, Tahoe Beach Club is asking

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Court battle looms for Martis Valley West project

November 6, 2017 — A court battle looms for the controversial Martis Valley West housing development in the Truckee-Tahoe area. On Dec. 14, the Mountain Area Preservation, Sierra Watch, and League to Save Lake Tahoe will all challenge the approval of the Martis Valley West housing development by the

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Season of change for real estate agents

November 2, 2017 — The upcoming Thanksgiving holiday signals the time of year when real estate agents contemplate whether to renew their membership for the coming year, consider a change of brokers, or possibly seek alternative sources of income. The total number of agents practicing in Incline Village and

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Douglas County task force to address affordable housing

October 31, 2017 — Douglas County is taking steps to help facilitate more affordable housing in its communities. In July, Douglas County entered into a memorandum of understanding (MOU) with the Nevada Rural Housing Authority (NRHA). A part of that MOU included the creation of an affordable housing task

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Same town, different markets in Incline Village

October 25, 2017 — The Incline Village real estate market is not your typical residential, or even big-city market. Our local real estate economy is divided into several sectors. These sectors do not always behave the same way at the same time. As a result, it can be a

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New lofts, bungalows breathe life into Midtown Reno

October 24, 2017 — Blake Smith envisions the Midtown Lofts and Sinclair Bungalows as bringing something new with the old in Reno's Midtown. Smith's firm, S3 Development Company, is overseeing the development of Midtown Lofts and Sinclair Bungalows, a mix of new and remodeled residences located on the southeast

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South Lake Tahoe City Council backpedals on vacation home rental ordinance

October 21, 2017 — On Tuesday, Oct. 17, the South Lake Tahoe City Council convened for what was supposed to be a straightforward first reading of a revised vacation home rental (VHR) ordinancehashed out at a meeting two weeks ago. Instead, some members of council stated they had changed

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Construction begins on Round Hill Pines Beach Resort

October 16, 2017 — Round Hill Pines Beach Resort is getting a makeover in time for its next season. On Wednesday, Oct. 4, construction began on a new dock and breakwater, along with a new restaurant and beach pavilion. “This will be a major upgrade to the property and

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Douglas County school board puts Kingsbury Middle School property back on market

October 14, 2017 — Kingsbury Middle School is back on the market, after Douglas County School District Board of Trustees voted to hire a consultant to help them sell the building on Tuesday, Oct. 10. Kingsbury Middle School was open from 1976 to 2008 when it closed due to

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Home sales continue growth in Carson Valley

October 3, 2017 — Home sales in the third quarter of 2017 approached levels not seen in Carson Valley since 2005, according to figures released by the Douglas County Assessors Office. There were 295 sales during the quarter with an average sales price of $411,362 of homes averaging 1,988

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South Lake Tahoe City Council to discuss vacation home rental policies

October 2, 2017 — On Tuesday, Oct. 3, the city of South Lake Tahoe is hosting another special City Council meeting and public workshop to discuss amendments to the code regulating vacation home rentals (VHRs). In early September, City Council held a public workshop to discuss a slew of

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Lack of inventory continues to drive higher price of homes in Nevada County

September 19, 2017 — Jon Reshatoff finally decided he had had enough. Currently a renter, the father of three was hoping to find a house with at least two bathrooms, that didn’t need any major renovations, in his price range. Reshatoff, the operations manager at Ernie’s Van & Storage

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Truckee home sales measure nearly $275M

September 13, 2017 — The Truckee housing market cooled off in the first half of the year, amid a backdrop of less demand for houses priced over and under $1 million. Sales of single-family homes dropped to $274,123,196 in the six-month period ended June 30 from $358,614,950 in the

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East Slope offers spectacular views of Lake Tahoe

September 7, 2017 — Incline Village and Crystal Bay are made up of a number of different subdivisions each with their own character and special attributes. While a lot of attention has been focused lately on properties in the Lakeview and Mill Creek Subdivisions, the parcels on the East

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Plans call for 10,000-plus homes, apartments in Reno-Sparks in next two years

August 28, 2017 — 84 projects will add more than 10,000 new homes and apartments to Reno-Sparks in the next couple of years, according to data from the Center for Regional Studies at the University of Nevada, Reno. Dozens of additional projects have approvals but have not yet broken

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August residential sales strong in Crystal Bay, Incline Village

August 23, 2017 — It has been a strong month for the Incline Village and Crystal Bay real estate market with 23 properties going into escrow in just the last week, ranging in price from $335,000 up to $4,295,000. The property mix consisted of seven condos, five freestanding condos,

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Best home buying strategy in Crystal Bay, Incline Village is to not procrastinate

August 17, 2017 — During the recession, patience was considered a virtue when shopping for real estate at Lake Tahoe. Buyers who waited until late summer or fall to make a purchase decision were finding a lot of excellent opportunities, and an unusual willingness among sellers to negotiate price

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