Southern Highlands (Las Vegas NV) Real Estate Market Report for December 2010 - 01/31/11 08:55 AM



Southern Highlands December 2010 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold):
Listings (12/15/2010):  246 Under Contract (12/15/2010):  170 Sold November 2010:  47 Since Last Month:  Listings are DOWN -14, Pendings are DOWN -3, Sold Units UP +10
Last Month's Southern Highlands Market Report
View Southern Highlands Homes For Sale Here (Updated Daily)
More Information on Southern Highlands Real Estate Here
More Las Vegas Communities Here
… (7 comments)

Las Vegas NV Area Concession Stand for December 2010 (includes Henderson & North Las Vegas) - 01/30/11 02:17 PM

Here is what buyers received in seller paid concessions on December 2010 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:
Less than $500:  71% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000:  16% Over $4001:  13% This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory!  Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!
Last Month's … (16 comments)

Las Vegas NV Pendings Report for December 2010 (includes Henderson & North Las Vegas) - 01/29/11 02:33 PM



Las Vegas Real Estate Inventory is still increasing RAPIDLY.  Against my predictions, we are still a seller's market yet flirting with stable market territory. This will afford more opportunities for buyers to have less competition when placing offers in homes.
Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)
Listings (1/15/2011):  15409 Under Contract (1/15/2011):  10974 Sold December 2010:  3856 Short Sales:
50% of Listings 26% of Sales REO (Foreclosures, Bank Owned:)
22% of Listings 53% of Sales In One Month:  Listings are DOWN -257 units, Contracted Listings DOWN -1000 units, Sales are UP +460 units.  … (6 comments)

So What Does A Real Estate Agent Do All Day? - 01/28/11 11:44 PM
Public perception is that we put signs in yards, hold open houses, get a nice long lunch and 18 holes of golf in our day.  It could be further from the truth, take a peek at a typical day for me:
 
"This post is written as a submission to the ActiveRain Kodak Video Challenge contest. I have the chance to win the KODAK PLAYTOUCH Pocket Video Camera, great for realtors looking to create wide angle home tours and real estate marketing videos!"
… (97 comments)

Mountains Edge (Las Vegas NV) Real Estate Market Report for December 2011 - 01/27/11 09:50 AM



Mountain's Edge December 2010 Real Estate Resale Market Report:
Listings (1/15/2011):  351 Under Contract (1/15/2011):  282 Sold December 2010:  90 Since Last Month:  Listings are UP +23, Pendings are DOWN -9, Sales are UP +2
Last Month's Mountain's Edge Market Report
View Mountain's Edge Homes For Sale Here (Updated Daily)
More Information on Mountain's Edge Real Estate Here
More Las Vegas Communities Here
… (8 comments)

Nevada Trails (Las Vegas NV) Real Estate Market Report for December 2011 - 01/26/11 09:55 AM



Nevada Trails December 2010 Real Estate Resale Market Report (Homes For Sale, Pending, Sold):
Listings (1/15/2011):  33 Under Contract (1/15/2011):  39 Sold December 2010: 9 Since Last Month:  Listings are DOWN -2, Pendings are UP +1, Closes are DOWN -5
Last Month's Nevada Trails Market Report
View Nevada Trails Homes For Sale Here (Updated Daily)
More Information on Nevada Trails Real Estate Here
More Las Vegas Communities Here
… (6 comments)

Welcome Home to Southwest Las Vegas Neighborhoods: Parcel 24 @ Rhodes Ranch - 01/25/11 12:57 PM

Welcome Home To Southwest Las Vegas Community: Parcel 24 at Rhodes Ranch
Parcel 24 at Rhodes Ranch is a community developed by Rhodes Builders between 2002-2006.  Immediate Community Amenities include a playground and a community pool & spa.
There are currently 220 Townhomes & Single Family Homes in the Parcel 24 at Rhodes Ranch Community.
Homes in Parcel 24 at Rhodes Ranch range between 1259 sq feet entry level townhomes to 2418 single family homes.
Other amenities just minutes away:   215 Freeway Ramp which provides great proximity to the south strip and airport, Southern Hills Hospital, Red Ridge Park, … (5 comments)

Sun City Anthem (Henderson NV) Real Estate Market Report for December 2010 - 01/25/11 07:51 AM

Age Restricted (55+) Communities are scattered throughout the valley.  Many offer a variety community amenities for Seniors who enjoy active lifestyles.


Sun City Anthem is located in the Anthem Area of Henderson, NV (zip 89052 and 89044).  There are 7312 Homes in Sun City Anthem ranging from 1080-4567 Square Feet.  Community Amenities Include:  Community Golf, Gym, Pool, Spa, Tennis, Clubhouse and Recroom
Sun City Anthem Market Report:
Listings (1/15/2011):  123 Under Contract (1/15/2011):  53 Sold December 2010: 30 Since Last Month's Report:  Listings DOWN -5, Contracted Escrows DOWN -1, Solds DOWN -8.  Sun City Anthem is currently enjoying a stable market.
For Current … (7 comments)

Las Vegas Hard Core Numbers to Debunk Shadow Inventory Boogeyman! - 01/24/11 04:31 PM
So my recent post on Las Vegas Shadow Inventory has really caused a stir on Active Rain.  Comment #28 proceeds to ask:

Well it was my opinion because I am so entrenched in this market.  It was definitely what I see and feel all around me.  That comment (along with several others) has prompted me to actually do the research.
Ready for some boring numbers that will scare the “Shadow Inventory Boogeyman” back into oblivion?  (you may want to read this before bed as it may bore you to tears if you don’t like the numbers and truth!)
I am starting with … (15 comments)

Las Vegas NV Area Short Sale Real Estate Market Report for December 2010 (includes Henderson & North Las Vegas) - 01/24/11 10:07 AM


The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has DECREASED -130 units.  Under Contract has DECREASED by -481 units.    Sold units have INCREASED by +1006 units.
There are many reasons for the lack of closings in this market and it is outlined in this post. 
Short Sale Synopsis:
Listings 1/15/2011:  7724 Pending 1/15/2011: 7406 Closed December 2010: 1006 Short Sales Currently Account for:
50% of All Las Vegas Valley Listings 26% of All Las Vegas Valley Sales  Read here for last month's report on Las Vegas Area Short … (6 comments)

Las Vegas NV Area Sold Terms & Trends December 2010 (includes Henderson & North Las Vegas - 01/23/11 10:58 AM


Cash REMAINS KING in the Las Vegas Area Real Estate Market!!!  It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is enjoying!  It is important to understand how a seller looks at each financing type:
Cash Offers:  Generally have less contingencies and quicker close times.  A cash offer may be accepted even if it is lower than a financed offer.
Conventional Financing:  Less strict with lender required repairs but larger down payments and more strict credit guidelines.
FHA/VA Financing:  Requires more scrutiny with lender required repairs via appraisal.  In … (11 comments)

What is Shadow Inventory? - 01/22/11 03:07 PM
What Exactly is Shadow Inventory in the Las Vegas Real Estate Market?
Shadow Inventory has been a HUGE boogeyman in the Las Vegas Real Estate Market.  Experts wring their hands and have been telling us for YEARS how we are just going to get a bunch of Las Vegas REOhomes for sale just dumped on us overnight.
I actually feel bad for those that parrot what they hear on the news and pretend that they know what they are talking about.  Some people’s perception of REO shadow inventory is that banks just sit there and hold on to properties that have already been through the foreclosure process.  This could be … (76 comments)

Arlington Ranch (Las Vegas NV) Real Estate Market Report - 01/22/11 11:45 AM




Arlington Ranch December 2010 Real Estate Resale Market Report
Listings (1/15/2011):  32 Under Contract (1/15/2011):  43 Sold December 2010: 9 Arlington Ranch changes since last month:  Listings DOWN -3, Pendings DPWM -4, Sold units DOWN -4.
Last Month's Arlington Ranch Market Report
View Arlington Ranch Homes For Sale Here (Updated Daily)
More Information on Arlington Ranch Real Estate Here
More Las Vegas Communities Here
… (4 comments)

Las Vegas NV Area Sales by Type: Standard, REO, Short Sale December 2010 (includes Henderson & North Las Vegas) - 01/21/11 10:24 AM




Las Vegas Area January 15, 2011 Active Listings by Type
REO:  3368 (22%) Short Sale:  7724 (50%) All Other:  4317 (28%)
 
December 2010 Sales by Type:
REO:  2025 (53%) Short Sale:  1006 (26%) Other:  825 (21%) This is just a guide for consumers to see what types of properties are closing vs what is listed.  Currently we have the most closes in the REO sector and the least inventory in the REO sector and it is an extreme seller's market.
Click here to see last month's Listing and Sales Type Report
Click here to view the … (10 comments)

Desert Shores (Las Vegas, NV) Real Estate Market Report for December 2010 - 01/20/11 04:31 PM






Desert Shores December 2010 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold):
Listings (1/15/2011):  97 Under Contract (1/15/2011):  58 Sold December 2010:  22 Since Last Month:  Listings are DOWN -7, Pendings are DOWN -7, Sold Units are UP +10
For Current and Past Desert Shores Market Reports
View Desert Shores Homes For Sale Here (Updated Daily)
More Information on Desert Shores Real Estate Here
More Las Vegas Communities Here
… (9 comments)

Sun City Aliante (North Las Vegas NV) Real Estate Market Report for December 2010 - 01/20/11 09:44 AM

Age Restricted (55+) Communities are scattered throughout the valley.  Many offer a variety community amenities for Seniors who enjoy active lifestyles.


Sun City Aliante is located in the Aliante Area of North Las Vegas, NV (zip 89084).  There are 1829 homes in Sun City Aliante ranging from 1157-2104 Square Feet.  Community Amenities Include:  Community Golf, Clubhouse, Gym, Pool, Spa, Tennis, Recroom.
Sun City Aliante Market Report:
Listings (1/15/2011):  41 Under Contract (1/15/2011):  25 Sold December 2010:  9 Sun City Aliante is currently enjoying a buyer's market.
Since Last Month:   Aliante Sun City, North Las Vegas Listings DOWN -6, Contracted Homes DOWN … (10 comments)

The Lakes (Las Vegas NV) Real Estate Market Report for December 2010 - 01/19/11 09:26 AM



The Lakes December 2010 Real Estate Resale Market Report:
Listings (1/15/2011):  93 Under Contract (1/15/2011):  49 Sold December 2010:  18 Since Last Month's Report:  Listings UP +15, Pendings DOWN -10, Sold Units UP +2.
For Current and Past The Lakes Market Reports
View The Lakes Homes For Sale Here (Updated Daily)
More Information on The Lakes Real Estate Here
More Las Vegas Communities Here
… (14 comments)

Las Vegas NV Area REO Inventory Report for December 2010 (includes Henderson & North Las Vegas) - 01/18/11 04:36 PM


Las Vegas Area REO Inventory has FALLEN since last report (-41 units), Under Contracts have FALLEN (-334) units  Closing data has RISEN (+453) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.  
REO sales accounted for 53% of all Las Vegas Area Valley resale closings in December 2010.  REO listings account for only 22% of total resale listings.
Current Listed Bank Owned Statistics:
Listings (1/15/2011):  3368 Under Contract (1/15/2011): 2560 Sold December 2010:  2025 View Last Month's Report Here  
For Most Current Las Vegas REO Inventory Market Report.
What Areas Do You Cover for your Las … (6 comments)

Welcome Home to GATED Henderson Community: Boulder Ranch - 01/18/11 08:58 AM

Welcome Home To Henderson Community:  Boulder Ranch!
Boulder Ranch is a Henderson community developed by DR Horton Builders.  Types of homes range from Townhome to Single Family Living with various community amenities!  Homes Range from 1060 Sq Feet to 2261 Sq Ft.
Gated w/ Community Pool and Park:
First Light at Boulder Ranch: 417 Townhomes Ranging from 1060 Sq Feet to 1553 Sq Feet High Noon at Boulder Ranch: 197 Townhomes Ranging from 1144-1610 Sq Feet Twilight at Boulder Ranch: 181 Single Family Detached Homes Ranging from 1598-2261 Sq Feet
Search ALL Boulder Ranch Homes for Sale
Search First Light at Boulder Ranch Homes for … (15 comments)

Summerlin (Las Vegas, NV) Real Estate Market Report for December 2010 - 01/17/11 08:01 AM



 
 Summerlin December 2010 Real Estate Resale Market Report:
Listings (1/15/2011): 789 Under Contract (1/15/2011):  496 Sold December 2010:  200 Since Last Month's Report:
Listings UP +4 Pendings DOWN -65 Sold Units UP +55 For Current and Past Summerlin Market Reports
View Summerlin Homes For Sale Here (Updated Daily)
More Information on Summerlin Real Estate Here (Includes Video & Map)
More Las Vegas Communities Here
… (12 comments)

Ca$h or Credit? Las Vegas NV Area REO Financing Profiles for November 2010 (includes Henderson & North Las Vegas) - 01/16/11 12:27 PM


Cash is the obvious dominator with overall Las Vegas Area REO Purchases.  Cash not only dominates but CRUSHES financed purchases under $75000.  The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing. 
Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)
Condo financing is currently a … (11 comments)

Sun City MacDonald Ranch (Henderson NV) Real Estate Market Report for November 2010 - 01/15/11 10:54 AM

Age Restricted (55+) Communities are scattered throughout the valley.  Many offer a variety community amenities for Seniors who enjoy active lifestyles.
Sun City MacDonald Ranch is located in the Green Valley Area of Henderson, NV (zip 89012). There are 893 Homes in Sun City MacDonald Ranch ranging from 1020-2489 Square Feet.  Community Amenities Include:  Clubhouse, Community Golf, Gym, Pool, Spa, Tennis


Sun City MacDonald Ranch Market Report:
Listings (12/15/2009):  10 Under Contract (12/15/2009): 4 Sold November 2010:  3 Sun City MacDonald Ranch is currently enjoying a stable market.  Since Last Month:  Listings DOWN -2, Pendings DOWN -1, Sold Units UP +1.
… (12 comments)

Las Vegas NV Area High & Mid Rise Condominium Resale & Rental Report for November 2010 - 01/14/11 08:56 AM

Las Vegas High Rise Rentals:
306 Listed 12/15/2010 13 Under Contract 13/15/2010 56 Leased November 2010 5.6 Months Inventory Low Leased Price:  $900/Month (Park Avenue) Median Leased Price:  $1663 (Veer Towers) High Leased Price:  $5850 (Panorama Towers)
Las Vegas High Rise Resales:
490 Listed 12/15/2010 249 Under Contract 12/15/2010 59 Closed November 2010 8.3 Months Inventory Low List Price:  $56000 (Wimbledon Tennis Club) Median List Price:  $160000 (Trump Towers Las Vegas) High List Price:  $997000 (Mandarin Oriental in City Center) This Market is extremely volatile due to the boutique nature and lack of condominium financing.    Read last month's report … (14 comments)

Las Vegas Short Sales: What is a Short Sale Hardship? - 01/13/11 10:40 AM
Many people would like to roll the dice on a Las Vegas or Henderson short sale and just be done with their homes simply because they do not like what it is worth right at this moment.  Unfortunately a large percentage of lienholders will not give debt (or deficiency) forgiveness without a solid hardship.  It would be great to walk away from our assets easily without any just cause or ramifications other than saying “I don’t like what my home is worth today and it will never come back to the same amount that my mortgage is.”
So there you have it – … (23 comments)

Charleston Heights (Las Vegas NV) Real Estate Market Report for November 2010 - 01/13/11 08:48 AM


Charleston Heights November 2010 Real Estate Resale Market Report:
Listings (12/15/2010):  163 Under Contract (12/15/2010): 133 Sold November 2010:  38 Since Last Month:  Listings are DOWN -17 units, Pendings are UP +9 units, Solds are UP +5 units.
For Current and Past Charleston Heights Market Reports
View Charleston Heights Homes For Sale Here (Updated Daily)
More Information on Charleston Heights Real Estate Here
More Las Vegas Communities Here
… (6 comments)

Help Wanted: A Realtor for REO properties, by Fannie Mae* - 01/12/11 09:51 PM
 
Hysterical rant by Coral Gundlich of Arlington.  Some days I don't know whether to laugh or cry.  Fannie Mae, hope you are awake for this one! 
As always comments are disabled and I encourage anyone wanting to leave a comment to go to the original post by clicking this link:
 
Via Coral Gundlach (McEnearney Associates, Arlington Virginia):
Fannie Mae, one of the country's largest owners of REO (Real Estate Owned) aka, Foreclosed properties, seeks a Realtor to handle its massive portfolio of distressed properties.   The following qualities are required for consideration:
Never show a current picture of the property on … (0 comments)

Las Vegas Valentine's Day Wedding Event Guide! - 01/12/11 07:29 PM

Valentine's Day is one of the more popular tourist times for the Las Vegas Area!  Wedding Chapels up and down the Las Vegas strip are packed all day long.  Many people come here to Las Vegas to get hitched (married) on Valentine's day.  This guide is designed to help couples plan their Las Vegas wedding ahead of time so they can pull it off without a hitch.
**DISCLAIMER:  I do not personally endorse any of these websites - it is merely a Guide for Valentine's Day Weddings in Las Vegas and you are still expected to do your due diligence … (8 comments)

Siena "Sun Colony at Summerlin" (Las Vegas NV) Real Estate Market Report for November 2010 - 01/12/11 09:26 AM

Age Restricted (55+) Communities are scattered throughout the valley.  Many offer a variety community amenities for Seniors who enjoy active lifestyles.
Siena (Sun Colony, not a true "Sun City" but appropriate age restricted community for this report) is located in the Summerlin Area of Las Vegas, NV (zip 89135).  There are 2029 Homes in Siena ranging from 1034-3875 Square Feet.  Community Amenities Include:  Guard Gated, Gommunity Golf, Pool, Tennis, Gym, Clubhouse.


Siena Sun Colony Market Report:
Listings (12/15/2010):  70 Under Contract (12/15/2010):  13 Sold November 2010: 6 Siena Sun Colony Summerlin is currently enjoying a seller's market.  Since last month:  … (9 comments)

Sun City MacDonald Ranch Home for Sale - Not Short or Bank Owned - Priced @ Recent Closed Comps! - 01/11/11 06:32 PM
… (6 comments)

Arlington Ranch (Las Vegas NV) Real Estate Market Report for November 2010 - 01/11/11 07:46 AM




Arlington Ranch November 2010 Real Estate Resale Market Report
Listings (12/15/2010):  35 Under Contract (12/15/2010):  47 Sold November 2010: 13 Arlington Ranch changes since last month:  Listings UP +1, Pendings UP +6, Sold units UP +5.
Last Month's Arlington Ranch Market Report
View Arlington Ranch Homes For Sale Here (Updated Daily)
More Information on Arlington Ranch Real Estate Here
More Las Vegas Communities Here
… (21 comments)

Las Vegas NV Area Rental Market Report for November 2010 (includes Henderson & North Las Vegas) - 01/10/11 07:57 AM

Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here.  This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting.  More homes available for rent (higher supply) and less renters (lower demand.) 
Units Leased:
November 2010:  1887 October 2010:  2119 September 2010:  2171 August 2010:  2300 July 2010:  2106 June 2010:  2214 May 2010:  2049 April 2010:  2210 March 2010:  2269 February 2010:  2100 January 2010 1784 December 2009:  1713 November 2009:  1691 … (9 comments)

Economic Conditions for the Las Vegas Valley (includes Henderson & North Las Vegas) - 01/09/11 03:52 PM
Last Month's Report on Las Vegas Valley Economic Conditions Housing Conditions:



 
Foreclosure/Short Sale Listings (12/15/2010): Total Listings 15666; Short Sales: 7817, 50% of all listings; Bank Owned Listings: 3409, 22% of all listings. Short sale and REO listings consume 72% of total listings New Home Sales (October 2010, units sold): 305 Year Change -30.8% (excl condo conversions, highrises) New Home Sales (October 2010, median price): $208,000 Year Change +1.5% (excl condo conversions, highrises) Existing Home Sales (October 2010, units sold): 3266 Year Change -23.2% Existing Home Sales (October 2010, median price): $119,000 Year Change: -4.8% New Home … (8 comments)

Las Vegas Real Estate: What is an HOA Resale Packet? - 01/08/11 01:43 PM
Most newer homes in the Las Vegas Valley have an HOA (Homeowner Association- they aren’t just for condominium‘s anymore!  There are rules and regulations regarding HOAs – or CICs (Common Interest Community).
There are laws and rules governing CIC documents during a real estate transaction in Nevada.  Please remember I am NOT a lawyer here – just a real estate agent.
HOAs and CICs have deed restrictions on how you may enjoy your property.  Some HOAs are strict with rental restrictions – some are not so strict.  How do you find out if you can live within the deed restrictions?
First you can knock your socks … (12 comments)

Sun City Summerlin (Las Vegas NV ) Real Estate Market Report for November 2010 - 01/07/11 08:26 AM

Age Restricted (55+) Communities are scattered throughout the valley.  Many offer a variety community amenities for Seniors who enjoy active lifestyles.  For More Sun Cities, Click Here!
Sun City Summerlin is located in the Summerlin Area of Las Vegas, NV (zip 89134).  There are 3470 homes in Sun City Summerlin ranging from 1021-4051 Square Feet.  Community Amenities Include:  Community Golf, Tennis, Gym, Pool, Spa,  Recroom


Sun City Summerlin Market Report:
Listings 12/15/2010:  73 Under Contract 12/15/2010:  12 Sold November 2010: 8 Since Last Month:  Listings are NO CHANGE, Contracted Escrows are NO CHANGE and Sold Units are DOWN -1
… (13 comments)

Las Vegas NV Area Market Watch (includes North Las Vegas & Henderson) - 01/06/11 12:20 PM

**ACTIVE Las Vegas Real Estate Inventory Sees a Rising Slowdown!**
Active Las Vegas Residental Resale MLS Inventory has risen for 7 straight months but experienced a slowdown in December.  This is mainly due to first time buyers exhausting the market due to their tax credit expiring - this is not due to the shadow inventory fairy bringing us more inventory!
Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post.
Las Vegas Area Real Estate Market Watch was created for informational purposes only. 
This is for all the buyers wondering "where is the … (7 comments)

Rockin in the Las Vegas New Year & Partying Like it was 1989! - 01/06/11 10:43 AM
It should be on every Las Vegas area resident's bucket list to go to the strip for New Years and participate in the insanity and debauchery - at least once.  I did that about a decade ago and have no incentive to go back because of the crowds.
Since then I participate in house parties that have more of a personalized and intimate feel when you hang out with people you know and like.  Plus it is warmer.
This year we went a little out of our box again and did something different.  First we found our 80's best clothing.  Next … (20 comments)

Mountains Edge (Las Vegas NV) Real Estate Market Report for November 2010 - 01/05/11 10:18 AM



Mountain's Edge November 2010 Real Estate Resale Market Report:
Listings (12/15/2010):  361 Under Contract (12/15/2010):  291 Sold November 2010:  61 Since Last Month:  Listings are UP +23, Pendings are DOWN -9, Sales are UP +2
Last Month's Mountain's Edge Market Report
View Mountain's Edge Homes For Sale Here (Updated Daily)
More Information on Mountain's Edge Real Estate Here
More Las Vegas Communities Here
… (5 comments)

Why is a BPO Important to the Short Sale Process? - 01/04/11 01:27 PM
I have written plenty in the past about BPOs but have never delved into it specific to a Las Vegas Short Sale!
A BPO means “Broker Price Opinion” and they are not appraisals nor should one get them confused with appraisals.  A BPO has a different purpose.  It’s almost like being a “secret shopper”.  When we are submitting comparables for a list price (NOT value, Nevada’s law is very strict,) we are also looking at a myriad of other items that may help or hurt with pricing and marketing of the home:
How is the home being marketed: Is there no lockbox or an … (90 comments)

Rhodes Ranch Area (Las Vegas NV) Real Estate Market Report for November 2010 - 01/04/11 07:58 AM






Rhodes Ranch Area Resale Market Report (homes for sale, pending and sold):
Active Listings (12/15/2010):  389 Under Contract (12/15/2010): 329 Sold November 2010:  86 Low:  $50000 (Apache Hills Condo) Median:  $124000 (Sierra Madre at Rhodes Ranch) High:  $497000 (Area Custom Home)





Rhodes Ranch Area Rental Market Report (homes for rent, contingent, leased)
Active Listings (12/15/2010):  112 Under Contract (12/15/2010):  25 Leased November 2010:  78 Low:  $695/month (Vistana Condo) Median:  $1263/month (Venezia at Rhodes Ranch) High:  $2550/month (Rhodes Ranch)


Last Month's Market Report
Includes: Apache Hills, Apache … (6 comments)

Snow in Vegas! (can't wait for Wordless Wednesday!) - 01/03/11 11:41 AM
It started at 7 AM and is ending now (approx 8:30 AM).  Views from my balcony and backyard:


… (25 comments)

What Are the Ingredients in Las Vegas Alphabet Soup? - 01/03/11 09:43 AM
Here is an Acronym Glossary with commonly used terms for Las Vegas Real Estate:
EMD – Earnest Money Deposit
COE – Close of Escrow
BPO – Broker Price Opinion
REO – Real Estate Owned (AKA Bank Owned)
1031 – IRS Code for Investor Real Estate Exchanges
FIRPTA – Foreign Investment in Real Property Tax Act
HPP – Home Protection Plan
CLUE – Comprehensive Loss Underwriting Exchange (Pertains to Homeowner’s Insurance)
CIC – Common Interest Community (aka HOA)
HOA – Homeowner’s Association
FHA – Federal Housing Authority
VA – Veteran’s Administration
PTR – Preliminary Title Report
SID – Special Improvement District
ARM – Adjustable Rate Mortgage
… (10 comments)

Las Vegas NV Area Concession Stand for November 2010 (includes Henderson & North Las Vegas) - 01/03/11 08:58 AM

Here is what buyers received in seller paid concessions on November 2010 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:
Less than $500:  67% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000:  18% Over $4001:  15% This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory!  Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!
Last Month's … (6 comments)

Happy New Year & Welcome to the New Nevada Energy Consumption Form! - 01/02/11 01:39 PM

Happy New Year! Las Vegas Real Estate buyers and sellers now have a new form and more due diligence that must be completed during a Las Vegas real estate transaction!
Now, buyers and sellers must complete a “Seller’s Energy Consumption Evaluation Form” courtesy of the State of Nevada Renewable Energy & Energy Efficiency Authority.  The form is mandatory HOWEVER there is a section on page 4 in the form that allows Las Vegas home buyers to waive their rights to the information in the form should they choose to waive their rights.
In a nutshell the following information should be provided completed by Las Vegas Sellers and/or Home Inspector:
Age … (13 comments)

Sun City Anthem (Henderson NV) Real Estate Market Report for November 2010 - 01/01/11 06:18 PM

Age Restricted (55+) Communities are scattered throughout the valley.  Many offer a variety community amenities for Seniors who enjoy active lifestyles.


Sun City Anthem is located in the Anthem Area of Henderson, NV (zip 89052 and 89044).  There are 7312 Homes in Sun City Anthem ranging from 1080-4567 Square Feet.  Community Amenities Include:  Community Golf, Gym, Pool, Spa, Tennis, Clubhouse and Recroom
Sun City Anthem Market Report:
Listings (12/15/2010):  128 Under Contract (12/15/2010):  54 Sold November 2010: 22 Since Last Month's Report:  Listings DOWN -6, Contracted Escrows DOWN -8, Solds DOWN -11.  Sun City Anthem is currently enjoying a stable market.
For Current … (6 comments)

 
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Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate

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