Today Foreclosures.com lists 1766 residential properties (1 – 4 units) that are in the pre-foreclosure stage in Washoe County, Nevada. As I wrote in my Jan. previous post, this is a wonderful opportunity to get a great deal. Many incorrectly think that foreclosures mostly affect the entry level market, when in fact, they affect all price levels. For example, of the 1766 Washoe County pre-foreclosures, 61 are in zip code 89511 located in South Reno, of which 31 (51%) have a stated market value of > $500K. Five homes are in the $1M - $2M range, of which 3 are in ArrowCreek.
In Incline Village there are 28 homes in the pre-foreclosure stage, of which 14 have a stated market value of > $500K.
Reno overall has 1054 homes in the pre-foreclosure stage (wow!), of which 57 have a market value of > $500K. They are scattered across the high end neighborhoods.
If you are considering buying a luxury home in Washoe County now is an excellent time to do so.
January 19th, 2008 at 12:33 pm
[…] Dawn Cobb wrote an interesting post today onHere’s a quick excerptToday Foreclosures.com lists 1766 residential properties (1 – 4 units) that are in the pre-foreclosure stage in Washoe County, Nevada. As I wrote in my Jan. previous post, this is a wonderful opportunity to get a great deal. … […]
January 20th, 2008 at 10:28 pm
[…] Esko wrote an interesting post today onHere’s a quick excerptIf you are considering buying a luxury home in Washoe County now is an excellent time to do so. Technorati Tags: great deals in Renoreal estate, maureen loeb, maureen o’grady, reno foreclosures, reno home buying, reno real estate, … […]