What "Pent Up Demand" Means. - 02/25/08 11:35 AM
Las Vegas, NV Area Real Estate has had pent up demand for real estate since I got my license in 2005.  People continue to move here in record numbers.  Real estate for them was either a) unaffordable or b) they were unable to obtain a loan because loan products tightened.
I cannot … (11 comments)

Economic Conditions for the Las Vegas Valley February 2008 - 02/24/08 04:39 PM
Economic Conditions for the Las Vegas Valley December 2007
Housing Conditions:
Foreclosure/Short Sale Listings (2/23/3008): Total Listings 23269; Foreclosures Commenced: 1820, 7.8% of all listings; Short Sales: 4731, 20.3% of all listings; Bank Owned Listings: 2190, 9.4% of all listings. New Home Sales (December 2007, units sold): 1235 Year Change -48.2% (excl … (6 comments)

Las Vegas, NV Real Estate: Pendings Up 536 Units in 11 Days! - 02/21/08 09:17 AM
Las Vegas, NV Area Pendings for single family, condos and townhomes are up 536 units in 11 days and listings are down 332 units in the same time frame.
Buyer interest is ranging from first time buyer to experienced investor.  The frenzy is mainly due to swiftly rising rents and declining REO and … (24 comments)

Las Vegas, NV Area Bank Owned Listings: We Are Seeing a Seller's Market! - 02/17/08 12:07 PM

The bank owned market is officially a seller's market.  We have seen all the signs in the last two months as the December auctions have jump started the interest in this market!
I am EXTREMELY happy to report that since those December auctions:  Listings have stayed stable, Pendings have tripled and Sales … (16 comments)

Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated February 17, 2008 - 02/17/08 11:44 AM

This Rhodes Ranch Area resale market report was generated on February 17, 2008 (graph on bottom):
Active Listings: 452 Under Contract:  99Sold 1/11-2/11/2008:  42 Months Inventory: 14.1Low:  $115,000; High:  $3,490,000; Median:  260,000(listing prices only) Rental Market Report generated on February 17, 2008 (graph on top):
Active Listings: 81Under Contract:  20 Leased … (2 comments)

Las Vegas, NV Real Estate Good News: Listings Down, Pendings Up! - 02/10/08 10:06 AM
Las Vegas NV Residential Real Estate still has a long way to go BUT with listings down since December and pendings up, it shows the market is M-O-V-I-N-G!!
Using statistics from my December Slice-of-Pie reports here is the good news:
All SFR, Townhome, Condo Listings:
Listings (12/9/2007):  25691 Under Contract (12/9/2007):  2304 Sold … (10 comments)

 
Real Estate Agent: Renee Burrows - Las Vegas NV Real Estate (Nevada Realty Solutions)
Renee Burrows - Las Vegas NV Real Estate
Las Vegas, NV
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Nevada Realty Solutions

Office Phone: (702) 966-2494 Ext.: 0
Cell Phone: (702) 966-2494
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Page copy protected against web site content infringement by CopyscapeSpecializing 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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