Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated April 30, 2008 - 04/30/08 05:09 PM
This Rhodes Ranch Area resale market report was generated on April 30, 2008 (graph on bottom):
Active Listings: 405Under Contract: 201Sold 3/24-4/24/2008: 50 Months Inventory: 8.1Low: $89,900; High: $3,490,000; Median: 235,000(listing prices only) Rental Market Report generated on April 30, 2008 (graph on top):
Active Listings: 72Under Contract: 12Leased 3/24-4/24/2008: 52 Months Inventory: 1.4Median List … (3 comments)
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Those Las Vegas Condotels: Self Fulfilling Prophecy? - 04/29/08 07:42 PM
Here it comes, the avalanche of lawsuits because owners are claiming that they bought because they were promised one thing and then they delivered another.
Here is what I wrote in November 2006:
Las Vegas Condotels - Sizzle or Fizzle? Losing Bet on Immediate Cash Flow, Placing Your Wager on a Long Term Investment: … (2 comments)
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Economic Conditions for the Las Vegas Valley April 2008 - 04/29/08 06:32 PM
Economic Conditions for the Las Vegas Valley March 2008
Housing Conditions:
Foreclosure/Short Sale Listings (4/29/2008): Total Listings 21,669; Short Sales: 5270, 24% of all listings; Bank Owned Listings: 3859, 17% of all listings. New Home Sales (March 2008, units sold): 869 Year Change -29.3% (excl condo conversions, highrises) New Home Sales (March 2008, median … (1 comments)
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Las Vegas, NV March 2008 Rental Home Report - 04/29/08 05:59 PM
Inventory has dipped and demand is very high in January traditionally. Supply will be an issue throughout spring. Rental Homes with pools are in very large demand. Absorption has decreased tremendously and with the mortgage credit crisis and valley demand for housing, it is not surprising at all!
Units Leased:
March 2008: 1531 February … (0 comments)
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Las Vegas, NV Real Estate: Owner Will Carry (OWC) and Lease Options - 04/29/08 05:49 PM
This is a primer (not intended legal advice, just my astute market observations as a real estate licensee in the state of Nevada) for anyone who is looking to Purchase or Sell using one of these types of financing. This post was prompted by Jeff Turner's most excellent post in response … (16 comments)
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Las Vegas NV Real Estate Listing: Pool + Casita + Single Story in Gated Summerlin Community!! - 04/29/08 05:31 PM
Summerlin Pool Home w/ Casita!Location: Chelsea Gardens at SummerlinFabulous Summerlin Pool home w/ casita. Tons of built ins, wine fridge, 3 car garage! Get a quick response: Not an REO or short sale, just a motivated seller!For most current pricing, floorplan, more pictures go to: www.ReneeBurrows.com/3688InformationContact Information Renee Burrows702-966-2494Contact Reply FormForward … (0 comments)
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My Most Wonderful Trip to the Tropical Paradise of Omaha - 04/16/08 10:55 PM
NOT! Tropical Paradise of Omaha, that is! It was a most wonderful trip however aside from the two days of APRIL SNOW!! I went out to meet my new sweet niece, Evelyn Patricia.
LOL (my nickname for my brother-in-law) has four brothers, no sisters so he is a bit beside himself … (19 comments)
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Las Vegas, NV Pendings STILL on the Rise, Absorption Rate is Looking Good! - 04/16/08 10:00 PM
ABSORPTION IS DOWN over 4.5 months in less than a month! Current absorption is hovering between 12-13 months of inventory. There has been a dip in average prices in the rental market. I think the renters are turning into buyers and when we should be seeing a seasonal rise in rentals, … (3 comments)
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Las Vegas, NV REO Inventory Update March 2008 - 04/16/08 09:47 PM
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen slightly (+161 units), Pendings have fallen slightly -77 units. Closing data is unavailable due to MLS changes (SORRY!) ALSO~ since these numbers were pulled (13 days ago) inventory has risen by 1000 units.
I would say with … (3 comments)
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Las Vegas, NV Short Sale Inventory Absorption Update March 2008: 4.7 Years! - 04/16/08 09:35 PM
The absorption rate for Las Vegas Short Sales has dropped by 1 year from February - March 2008. Inventory has risen dramatically (+402 units). Pending units has also risen dramatically by +348 units. This is because the MLS board is REQUIRING agents to change status with an offer and make it … (0 comments)
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Las Vegas, NV Valley High Rise Absorption Update: 3.6 Years! - 04/16/08 09:28 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 … (3 comments)
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Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated April 16, 2008 - 04/16/08 08:14 PM
This Rhodes Ranch Area resale market report was generated on April 16, 2008 (graph on bottom):
Active Listings: 430Under Contract: 162Sold 3/10-4/10/2008: 49Months Inventory: 8.8 Low: $94,900; High: $3,490,000; Median: 239,990(listing prices only) Rental Market Report generated on April 16, 2008 (graph on top):
Active Listings: 77Under Contract: 11Leased 3/10-4/10/2008: 54 Months Inventory: … (2 comments)
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Las Vegas, NV Rental: Short Term Lease & Pets Considered! - 04/07/08 07:08 PM
Short Term Lease & Pets Considered!Location: Mar-a-LagoNW Desert Shores Condo. Short Term (3 months +) Lease Considered along w/ Pets Under 25 lbs.For more information including more photographs, virtual tour and floorplan go to:www.ReneeBurrows.com/3125Available in approximately mid July 2008InformationContact Information Renee Burrows702-580-1783Contact Reply FormForward to a FriendView Other FlyersPricing and AvailabilityRent: … (3 comments)
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Las Vegas, NV February 2008 Rental Home Report - 04/07/08 01:21 PM
Inventory has dipped and demand is very high in January traditionally. Supply will be an issue throughout spring. Rental Homes with pools are in very large demand. Absorption has decreased tremendously and with the mortgage credit crisis and valley demand for housing, it is not surprising at all!
Units Leased:
February 2008: 1632 January … (2 comments)
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SW Las Vegas Bank Owned HOME: OPEN FRI 4/11 2-4 PM - 04/07/08 12:33 PM
3 Car Garage in SW!Location: Sierra Madre @ Rhodes RanchBank Owned and Extensive Tile Work! Balcony off super large master bedroom. For more pictures, virtual tour, floorplan and current pricing go to:www.ReneeBurrows.com/6972FeaturesBedrooms: 4Bathrooms: 3Year Built: 2003Subdivision: Sierra Madre @ Rhodes RanchLot Size: 4792Garage Size: 3School District: CCSDSquare Footage: 2607Agent Name: Renee … (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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