Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated December 31,2007 - 12/31/07 10:44 AM
This Rhodes Ranch Area market report was generated on December 31, 2007 (graph on bottom):
Active Listings: 469 Under Contract: 70Sold 11/24-12/24/2007: 43 Months Inventory: 10.9 (major one week drop)Low: $138,000; High: $3,490,000; Median: 270,000 (listing prices only) Rental Market Report generated on December 31, 2007 (graph on top):
Active Listings: … (0 comments)
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Las Vegas Foreclosure Listings: Three Weeks After Auctions, ABSORPTION BEGINS! - 12/30/07 01:20 PM
Pendings have risen well over the 500 I predicted several weeks ago from these Las Vegas Foreclosure auctions! Three weeks post we are looking at rising closings (+6 Units/one week) and rising pendings (+13 Units/one week)! Yes we are seeing listings rise (+38 units/one week). I am almost wondering if … (10 comments)
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Nevada Takes Title For Fastest Growing State Again! - 12/29/07 11:14 PM
Nevada is once again the fastest growing state!!! Arizona took that title the past two years.
The anticipation is being felt in the form of higher multi family building units being permitted as less people can get a loan to buy a home right now. I pull these statistics monthly and … (13 comments)
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Las Vegas Foreclosure Inventory Update December 2007: 9.0 Months of Inventory! - 12/26/07 06:56 PM
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen slightly (+121 units), Pendings have risen considerably (+204 units) and closings have gone up too (+27 units). Monthly absorption rate down slightly by a half a month!
Current Listed Bank Owned Statistics:
Listings (12/26/2007): 2150Under Contract (12/26/2007): … (4 comments)
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Short Sale Inventory Update December 2007: 6.6 Years of Inentory! - 12/26/07 06:49 PM
The absorption rate for Las Vegas Short Sales has risen once again in December 2007. Inventory has risen dramatically (+204 Units), closings (sales) have also decreased (-18 units) in this sector. Pendings (+46 units) are only up nicely but they just aren't closing.
The short sale market absorption rate has risen from … (1 comments)
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Las Vegas High Rise Inventory Update December 2007: 4.7 Years!! - 12/26/07 06:40 PM
We have seen the Las Vegas, NV high rise real estate market have a phenomenal (and scary) jump in inventory in the last several months. For several reasons:
Too many speculators in that market. They want to close n flip. They are not interested in holding, renting or living in them. Each … (2 comments)
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Las Vegas Foreclosure Stats: Two Weeks After the Auctions - 12/23/07 01:45 AM
I may have been a little conservative when I estimated weeks ago that we would see 500 pendings rise from these Las Vegas Foreclosure auctions! Two weeks post we are looking at rising closings and rising pendings (+57 Units)! Yes we are seeing listings rise (+13 units), not to outpace the … (0 comments)
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Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated December 22, 2007 - 12/23/07 01:36 AM
This Rhodes Ranch Area market report was generated on December 22, 2007 (graph on bottom):
Active Listings: 466 Under Contract: 85Sold 11/15-12/15/2007: 38 Months Inventory: 12.2 (major one week drop)Low: $138,000; High: $3,490,000; Median: 271,475 (listing prices only) Rental Market Report generated on December 22, 2007 (graph on top):
Active Listings: … (0 comments)
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Welcome Home to Southwest Las Vegas Neighborhoods: Huntington at Rhodes Ranch - 12/20/07 09:55 PM
Huntington at Rhodes Ranch is snuggled in the southwest Las Vegas valley foothills. They feature great peek-a-boo views of the mountains to the west and to the north! Schools (12/20/2007) Zoned are: Sierra Vista High School, Faiss Middle School & Wayne Tenaka Elementary school. With extreme growth in the valley schools … (2 comments)
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Welcome Home to Southwest Las Vegas Neighborhoods: Liberty @ Warm Springs - 12/20/07 09:04 PM
Liberty @ Warm Springs is snuggled in the southwest Las Vegas valley foothills. They feature great peek-a-boo views of the mountains to the west and to the north!Schools (12/20/2007) Zoned are: Sierra Vista High School, Faiss Middle School & Wayne Tenaka Elementary school. With extreme growth in the valley schools change … (2 comments)
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Las Vegas Real Estate Financing Challenges... - 12/19/07 11:48 AM
Las Vegas area is just like the rest of the country and we are seeing major challenges to financing a home purchase. One of the best ways to gain entrance into your first home, right now, is to use FHA or VA financing. Before you are go out searching for that … (13 comments)
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Where is Your Slice of the Pie? Las Vegas November 2007 Macros Broken Down! - 12/16/07 03:15 PM
All SFR, Townhome, Condo Listings:
Listings (12/9/2007): 25691Under Contract (12/9/2007(: 2304Sold November: 1137Month's Inventory: 22.5 All SFR Listings:
Listings (12/9/2007): 20241Under Contract (12/9/2007): 1886Sold November: 956Month's Inventory: 21.2
All Condo Listings (Excluding High & Mid Rise)
Listings (12/9/2007): 2957Under Contract (12/9/2007): 198Sold November: 82Month's Inventory: 36.1
All High Rise Condominium Listings:
Listings (12/9/2007): 854Under … (7 comments)
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Las Vegas Foreclosure Stats: One Week Past the Last Auction - 12/16/07 12:50 PM
YES! We hit the magic 500 Las Vegas Foreclosure pending number that I predicted several weeks ago. There are exactly 500 REO listings under contract as of today. That is +64 units from last week, up 123 units from two weeks ago, and up 214 units from October 2007 (a mere … (6 comments)
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Las Vegas, NV: Foreclosure Help for Homeowners! - 12/16/07 12:26 PM
NV ranks very high with foreclosures and looming foreclosures. Unfortunately with this comes scam artists and fraudulent practices which the homeowner thinks they may have saved their home but in the end, they do not!
Make sure you investigate every "investor" or "opportunity" that knocks on your door or calls you to … (5 comments)
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Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated December 14, 2007 - 12/15/07 10:35 AM
This Rhodes Ranch Area market report was generated on December 14, 2007 (graph on bottom):
Active Listings: 469 Under Contract:84Sold 11/5-12/5/2007: 28 Months Inventory: 16.8Low: $110,000; High: $3,490,000; Median: 275,000 (listing prices only) Rental Market Report generated on December 14, 2007 (graph on top):
Active Listings: 107Under Contract: 8 Leased 11/5-12/5/2007: … (5 comments)
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Las Vegas Sellers: Pricing is Essential in this Market! - 12/11/07 11:38 AM
Right now, with so much inventory, pricing is your #1 marketing tool.
Currently your main competition is (in order):
New Construction: New construction set the trend with prices. The prices began to drop beginning of September and the bottom fell out in middle of October. In general, you are looking at 6-8 … (21 comments)
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Maximizing Your Rents from a Las Vegas Rental Property - 12/11/07 11:06 AM
By special request :)
How could you shorten your vacancies and maximize the amount of rent you receive for your Las Vegas Rental Property?
Short Term Rental. By allowing a shorter term rental (less than one year and greater than one month,) you are opening yourself up to a lesser vacancy … (2 comments)
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Pet Night w/ Santa @ Town Square Mall! - 12/10/07 01:33 PM
Wednesday December 12 will be pet night w/ Santa at the newly opened Town Square Mall on Wednesday, Dec 12, 2007 from 6-9 PM.
The Location is 6605 Las Vegas BLVD South, LV, NV 89119
I will definitely be checking this one out!
Events Calendar for Town Square Mall
Kids Events
Retailer Events … (11 comments)
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All Eyes on Vegas: Middle of Auction Las Vegas Foreclosure Stats - 12/09/07 06:44 PM
A total of three auctions in 8 days! There are still some REO properties listed as active but the banks and auction winners are still hammering out details. I think we will easily get to the 500 pendings in the next two weeks that I was hoping for in the comments … (12 comments)
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Las Vegas November 2007 Rental Home Report - 12/08/07 06:40 PM
Average rents have decreased from last two months, median rents down also as we saw inventory rise yet absorption remained healthy.
Units Leased:
November 2007: 1452October 2007: 1501November 2007: 1009Average Monthly Rental Rates:
November 2007: $1493October 2007: $1511November 2006: $1254January 2007: $1295Median Monthly Rental Rates:
November 2007: $1200September 2007: $1295November 2006: $1195Absorption Rate is stable … (1 comments)
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Las Vegas New Construction December 2007 Report - 12/08/07 06:26 PM
While we saw an upward tick in Las Vegas New Construction units sold in October, we have a slight downward number of units sold in November. There is barely any standing inventory to close. Building permits are up 99.8%. This is good news because most major builders in town are pulling … (2 comments)
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Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated December 8, 2007 - 12/08/07 06:10 PM
This Rhodes Ranch Area market report was generated on December 8, 2007 (graph on bottom):
Active Listings: 478 Under Contract: 76Sold 10/25-11/25/2007: 19 Months Inventory: 25.1Low: $129,900; High: $3,490,000; Median: 275,000 (listing prices only) Rental Market Report generated on December 8, 2007 (graph on top):
Active Listings: 107Under Contract: 7 Leased … (0 comments)
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All Eyes on Vegas: Las Vegas Foreclosures Pre-Auction Stats - 12/02/07 01:04 PM
With three auctions on Bank Owned (REO) properties in the next 8 days, I decided I should post stats approx mid month, before the Las Vegas foreclosure auctions and then I will post weekly until my next market report is due (around Christmas week.) This is to monitor pendings and sales … (11 comments)
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Las Vegas Bank Owned Listing: Mountain's Edge - 12/01/07 10:11 PM
Bank Owned in Mountain's Edge!Location: Mesa at Mountain's EdgeOpen Floorplan with lots of natural light from abundant windows! Large Loft! To view the virtual tour or floorplan go to: www.ReneeBurrows.com/7149FeaturesBedrooms: 3Bathrooms: 3Year Built: 2006Subdivision: Mesa at Mountain's EdgeLot Size: 3485Garage Size: 2School District: Clark CountySquare Footage: 2233Agent Name: Renee BurrowsBroker: Nevada … (2 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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