Two Bank Owned Properties in Southern Highlands! - 09/26/07 04:59 PM
Bank Owned in Southern Highlands!Location: Setona at Southern HighlandsExecutive Home in prestigious Southern Highlands gated neighborhood. Wood blinds, granite countertops, upgraded carpet. Refrigerator, washer and dryer included. For more pictures click on the virtual tour located at: www.ReneeBurrows.com/5844InformationContact InformationRenee Burrows702-580-1783Contact Reply FormForward to a FriendView Other FlyersPricingAsking Price: $464,000Flexibility: NegotiableProperty Location5844 … (2 comments)
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Las Vegas NV Real Estate Long-Term Hold Investors: Do's and Don'ts - 09/24/07 11:29 AM
With the Las Vegas NV Real Estate economic conditions getting ripe for investors, I am going to publish a little "do and don't" list right here for you to reference!
What type of house is favored by renters right now?
One that is highly upgraded. Base will cut it but the highly upgraded … (10 comments)
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Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated September 23,2007 - 09/23/07 09:22 PM
This Rhodes Ranch Area market report was generated on September 23, 2007: Active Listings: 475 Under Contract: 51Sold 8/15-9/15/2007: 35Months Inventory: 13.6
Rental Market Report generated on September 23, 2007:
Active Listings: 96Under Contract: 18Leased 8/15-9/15/2007: 53Months Inventory: 1.8Median List Price for an area rental:$1275/month, Low: $750, High: $5000
Information from GLVAR is … (4 comments)
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Las Vegas Valley Multi-Family Unit Permits up 2054% from July 2007; 110% from One Year Ago **NOT A TYPO!!** - 09/23/07 08:28 PM
I don't normally include multi-family unit permits in my economic conditions reports but this is VERY interesting!
It is absolutely no surprise to me as I actively work the rental market as a referring Realtor(R), I do not have a property management permit. Inventory has been flying off the shelves like … (7 comments)
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Economic Conditions for the Las Vegas Valley September 2007 - 09/23/07 06:23 PM
Economic Conditions for the Las Vegas Valley August 2007 Housing Conditions:
Foreclosure/Short Sale Listings (9/23/2007): Total Listings 27,404; Foreclosures Commenced: 1093, 4% of all listings; Short Sales: 2710, 10% of all listings; Both Foreclosures Commenced AND Short Sales: 504, 1.8% of all listings. New Home Sales (August 2007, units sold): 1376 … (2 comments)
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Las Vegas Rental Homes: Quite Possibly on Track For Another Record Breaking Month! - 09/22/07 12:58 PM
It appears that Las Vegas, NV valley is headed for another record breaking month on rental units leased in the MLS. Even if we don't break last month's record of 1735 units leased, the amount of units leased will be higher than the average 30% September decline from August.
So far in … (4 comments)
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Four Bedroom Single Story with Spa $260K: This Price is NOT a Typo and This is NOT a Short Sale!!!!!!!! - 09/18/07 06:34 PM
Single Story!Location: LynbrookGreat Single Story in Northwest. Four Bedrooms, Spa, Upgraded Concrete on Patio, Covered Patio, Step Saver Kitchen, All Appliances! Master Bedroom separated from Secondary Rooms. Go to: www.4829RiverSplash.info to see the floorplan!InformationContact InformationRenee Burrows702-580-1783Contact Reply FormForward to a FriendView Other FlyersPricingAsking Price: $260,000Property Location4829 River SplashLas Vegas, NV 89131View … (3 comments)
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Are Out of Control Electricity Rates Squeezing Money Out of Las Vegas Valley Economy? - 09/16/07 12:53 PM
Nevada Power raised electricity rates by 11.6% prior to the beginning of summer 2007.
I have had many phone calls for listings because people can no longer afford their home because their interest rate went up and their electrical bill went up too. I definitely feel their pain! I think those that … (6 comments)
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Las Vegas New Construction Bargains! - 09/13/07 07:13 PM
With the recent subprime fallouts (one in February and one in July) there have been some incredible bargains with fallouts that are Las Vegas new construction standing inventory. Builders are offering LARGE incentives to get FHA buyers qualified including rate buydowns, sometimes the max that the lender will allow including closing … (2 comments)
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Perfect Storm Phase 2: A "Long Term" Investor's Market - 09/08/07 07:07 PM
So Esko's post on the economy prompted me to pen this one really quick. I was confused about wanting to chuckle or cry when he talked about resales taking a "humorless dive" because the choice of verbiage is so true.
Everyone in the business is hurting right now, sellers are hurting, … (5 comments)
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Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated September 5, 2007 - 09/05/07 02:50 PM
This Rhodes Ranch Area market report was generated on September 5, 2007: Active Listings: 461 Under Contract: 56Sold 7/24-8/24/2007: 36Rental Market Report generated on September 5, 2007:
Active Listings: 110Under Contract: 9Leased 7/24-8/24/2007: 54 Last Market Report Generated August 5, 2007
Click here to view current residential rental listings, resale listings, pendings and … (2 comments)
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City of Las Vegas Seeking to Ban Short Term/Vacation Rentals AKA Party or Nuisance Homes - 09/05/07 11:02 AM
According to the Las Vegas Review Journal, the City Council has proposed a new ordinance that would: place a ban on "short-term vacation rentals" -- in this case, renting a residence for "dwelling, lodging or sleeping purposes" for fewer than 31 days -- in residential zones.
While none of us want to … (7 comments)
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Specializing in those forgotten "at" Rhodes Ranch Communities in Southwest Las Vegas that offer peek-a-boo views of the mountains and city lights!
I love to watch trends and statistics in this fascinating market! I do have a newsletter that you can subscribe to - so if you want to keep in tune with the Las Vegas Real Estate Market Conditions on a monthly basis, sign up with absolutely no obligation!
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