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real estate: I've moved! - 10/19/07 10:48 AM
It is official. I have now moved my real estate license to Desert Sun Realty.
I willl be working directly with the broker, Bret Runion, who has a team of 3 assistants, a dedicated property manager, a special division (I can't talk about yet) that I and one other is involved in and 3 or so other agents that work independantly.
The brokerage may be small but they are one of the most professional groups I have ever seen.
A little bit about Bret and why I have wanted to work with him:
Broker / Owner Desert Sun Realty - 20 years One of the top 25 … (2 comments)
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real estate: Has Las Vegas Real Estate Hit Bottom? - 09/19/07 05:12 PM
I was just reading Richard Lee's latest article that says less than 30 units separate total sales figures for the last four months. This usually signifies the bottom of the market, however he also noted that until we see the upward swing, foreclosures are going to be the reality.
To go along with that, today's news of the fed lowering interest rates by 1/2 % is good news for all in Las Vegas wondering what is going to happen next.
As Richard says, September data is what we are truly waiting for to read the future. Of course, they won't be available until October.
On … (0 comments)
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real estate: Properties listed 20-40% under market value. - 08/21/07 07:25 PM
I've discovered a search method to find properties in Las Vegas that are listed under market value (Comps) and even quite a few that are under a recent, 3 month or less, appraisal or under comparable sales in the last 3 months. I am using the 3 month guidline as I am seeing that more and more lenders are tightening up their appraisal guidlines to only allow comps from within the last 3 months.
Some examples:
Priced at 849,000 - Appraised at 1.1M. That is about 23% under. I even talked to the appraiser and he will still put it at an easy 1.1M today, … (0 comments)
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real estate: Why it's Time to buy in Las Vegas. - 08/21/07 05:46 PM
The GLVAR (Greater Las Vegas Association of Realtors) came up with some great points on why now is a great time to buy in Las Vegas.
Mortgage interest rates remain at historically low levels, effectively lowering the cost of buying a home. It is not clear when interest rates will begin to rise. However, economists and other experts generally agree that rates are unlikely to fall significantly in the near future.
Southern Nevada's economy remains stronger than most metropolitan areas, with steady job and population growth. According to Las Vegas Perspective, Clark County added more than 96,000 new residents in 2006. This bodes … (1 comments)
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real estate: Update on Sunday Hudson and Marshall Auction - 08/06/07 11:48 AM
If you weren't at the Las Vegas Auction on Sunday, August 5th, you missed out on an excellent real estate experience.
I got to the event and noticed that tons of cars were pulling in and that valet was full even @ 11:30 on a Sunday. As I walked in to the event I was talking with the lady next to me as I saw property printouts in her hand. We got to the registration tables and and waited about 2-3 minutes to sign in and get our "paddles". After that we sat and talked, looking over comps I had brought. She … (0 comments)
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John Calvert
Boulder City,
NV
More about me…
Desert Sun Realty
Address: 1220 Arizona St, Boulder City, NV, 89005
Office Phone: (702) 293-0001
Cell Phone: (702) 324-7133
Email Me
Las Vegas Real Estate reports, appreciation and events that affect the housing market.
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