2012 Market Trends: Las Vegas Residential Short Sale Inventory - 02/29/12 03:21 PM
Las Vegas 2012 Real Estate Market Trends: Short Sale Inventory Las Vegas real estate in 2012 will no doubt be a wild and wacky and an unpredictable market resulting in broken crystal balls as it has been for the last 5 years. This I am sure of. My 2012 Las Vegas real estate market trends predictions will depend on several factors: Steady interest rates Steady underwriting guidelines (LOL!) Current laws Current market conditions I believe in 2012 that Las Vegas Short Sale inventory will decrease. It isn't because less homeowners are underwater, it is again, that pesky new legislation AB 284.
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2012 Market Trends: Las Vegas Residential REO Inventory - 02/28/12 04:13 PM
Las Vegas 2012 Real Estate Market Trends: REO/Bank Owned Inventory Las Vegas real estate in 2012 will no doubt be a wild and wacky and an unpredictable market resulting in broken crystal balls as it has been for the last 5 years. This I am sure of. My 2012 Las Vegas real estate market trends predictions will depend on several factors: Steady interest rates Steady underwriting guidelines (LOL!) Current laws Current market conditions Las Vegas REO/Bank Owned Inventory has declined over several years. I believe much of this has to do with extreme high buyer activity, larger amounts of short sale
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Las Vegas NV Area Sold Terms & Trends January 2012 (includes Henderson & North Las Vegas) - 02/28/12 06:06 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
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Sun City Summerlin (Las Vegas NV) Real Estate Market Report & Homes for Sale January 2012 - 02/26/12 05:08 PM
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 2/15/2012: 71 Under Contract 2/15/2012: 35 Sold January 2012: 12 Since Last Month: Listings are DOWN -4, Contracted Escrows are UP +2, and Sold Units are DOWN
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2012 Market Trends: Las Vegas Residential Resale Home Prices - 02/25/12 06:04 PM
Las Vegas 2012 Real Estate Market Trends: Prices Las Vegas real estate in 2012 will no doubt be a wild and wacky and an unpredictable market resulting in broken crystal balls as it has been for the last 5 years. This I am sure of. I bet when you opened this post, you thought I was going to give you a concrete answer about Las Vegas residential real estate pricing trends for 2012. Nothing can be further from the truth since the Las Vegas real estate market seems to love to defy the basic laws of supply and
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Las Vegas NV Area Pendings Report for January 2012 (includes Henderson & North Las Vegas) - 02/25/12 08:19 AM
Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284. Active listings are down again for the 14th month in a row! 2012 will be another interesting year for Las Vegas Real Estate! Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (2/15/2012): 9180 Under Contract (2/15/2012): 13373 Sold January 2012: 3483 Short Sales: 45% of Listings 28% of Sales REO (Foreclosures, Bank Owned:) 19% of Listings 48% of Sales In One Month: Listings are DOWN -1266 units, Contracted Listings UP +993 units, Sales are DOWN
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North Las Vegas Home For Sale: $89900. Traditional Sale = No Bank Approval or Waiting! - 02/25/12 07:30 AM
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Southern Highlands (Las Vegas NV) Real Estate Market Report & Homes for Sale January 2012 - 02/24/12 09:06 AM
Southern Highlands January 2012 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold): Listings (2/15/2012): 170 Under Contract (2/15/2012): 193 Sold January 2012: 47 Since Last Month: Listings are UP +9, Pendings are UP +1, Sold Units are NO CHANGE 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
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Nevada Trails (Las Vegas NV) Real Estate Market Report & Homes for Sale January 2012 - 02/23/12 09:14 AM
Nevada Trails January 2012 Real Estate Resale Market Report (Homes For Sale, Pending, Sold): Listings (2/15/2012): 27 Under Contract (2/15/2012): 37 Sold January 2012: 15 Since Last Month: Listings are UP +10, Pendings are DOWN -8, Closes are UP +7 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
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2012 Market Trends: Las Vegas Residential Resale Home Inventory - 02/22/12 09:29 AM
Las Vegas 2012 Market Trends: Inventory Las Vegas real estate in 2012 will no doubt be a wild and wacky and an unpredictable market resulting in broken crystal balls as it has been for the last 5 years. This I am sure of. My 2012 Las Vegas real estate market trends predictions will depend on several factors: Steady interest rates Steady underwriting guidelines (LOL!) Current laws Current market conditions The reason why I say "current laws" is because right now there is a new law (implemented Oct 1, 2011,) called "AB 284" which is beginning to hurt our inventory
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Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale January 2012 (includes Henderson & North Las Vegas) - 02/22/12 06:27 AM
The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new year approaches. Since last month: Active Listing Inventory has DECREASED by -779 units. Under Contract has INCREASED by +676 units. Sold units have DECREASED by -117 units. There are many reasons for the lack of closings in this market and it is outlined in this post. Short Sale Synopsis: Listings 2/15/2012: 4156 Pending 2/15/2012: 9059 Closed January 2012: 982 Short Sales Currently Account for: 45% of All Las Vegas Valley Listings
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Welcome Home to NW Las Vegas Communities: Elkhorn Cimarron Estates - 02/19/12 01:17 PM
Click Here To View Elkhorn Cimarron Estates Newest Listings & Homes for Sale.. Welcome Home To Northwest Las Vegas Community: Elkhorn Cimarron Estates! 60 Single Family Detached Homes Ranging from 1295-2048 Square Feet Built in 2000-2001 by Presley Homes Elkhorn Cimarron Estates is close to retail, restaurants, professional offices & the freeway. Since Elkhorn Cimarron Estates is an extremely small neighborhood, homes for sale & homes for rent are rare opportunities. Please take a moment to fill out our questionnaires if you would like to: Sell a Elkhorn Cimarron Estates Home Buy a Elkhorn Cimarron Estates Home Rent a Elkhorn
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Las Vegas NV Area Market Watch February 2012 (includes Henderson & North Las Vegas) - 02/19/12 12:29 PM
**The Freefall Inventory Plunge Continues in Las Vegas!!!** We are still squeezed for inventory. New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight. Multiple offers on well priced homes are widespread. Everyone from first time buyers to investors are taking advantage of "opportunity". 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 inventory"? The inventory is here,
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Arlington Ranch (Las Vegas, NV) Real Estate Market Report & Homes for Sale January 2012 - 02/19/12 12:18 PM
Arlington Ranch January 2012 Real Estate Resale Market Report Listings (2/15/2012): 7 Under Contract (2/15/2012): 44 Sold January 2012: 6 Arlington Ranch changes since last month: Listings UP +1, Pendings DOWN -1, Sold units DOWN -5. Interesting note about Arlington Ranch (Las Vegas) Community: Arlington Ranch was built at the "height" of bubbled prices. Many of the listings are distressed sales and currently (Nov 2011) 79% of the pendings & contracted homes are short sales (read - what is a short sale?) This is the reason why the pie graphs for Arlington Ranch look so funky and
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Silverado Ranch (Las Vegas NV) Real Estate Market Report & Homes for Sale January 2012 - 02/19/12 09:23 AM
Silverado Ranch January 2012 Real Estate Resale Market Report (Homes For Sale, Pending, Sold): Listings (2/15/2012): 89 Under Contract (2/15/2012): 203 Sold January 2012: 40 Since last month: Listings are DOWN -20, Under Contract UP +7, Sales are DOWN -25. The Silverado Ranch Area is Currently Enjoying an EXTREME Seller's Market. For Current and Past Silverado Ranch Market Reports View Silverado Ranch Homes For Sale Here (Updated Daily) More Information on Silverado Ranch Real Estate Here More Las Vegas Communities Here
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Charleston Heights (Las Vegas NV) Real Estate Market Report & Homes for Sale January 2012 - 02/19/12 08:32 AM
Charleston Heights January 2012 Real Estate Resale Market Report: Listings (2/15/2012): 101 Under Contract (2/15/2012): 138 Sold January 2012: 33 Since Last Month: Listings are DOWN -9 units, Pendings are UP +9 units, Solds are DOWN -18 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
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Sun City Anthem (Henderson NV) Real Estate Market Report & Homes for Sale January 2012 - 02/19/12 07:44 AM
Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles. Sun City 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 (2/15/2012): 123 Under Contract (2/15/2012): 66 Sold January 2012: 23 Since Last Month's Report: Listings DOWN -6, Contracted Escrows UP +3, Solds DOWN -4. Sun City Anthem is currently enjoying a
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Las Vegas NV Area REO Real Estate Market Report & Homes for Sale January 2012 (includes Henderson & North Las Vegas) - 02/18/12 04:32 PM
Las Vegas Area REO Inventory has FALLEN since last report (-332 units), Under Contracts have RISEN by (+72) units Closing data has FALLEN by (-318) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues. AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice! REO sales accounted for 48% of all Las Vegas Area Valley resale closings in December 2011. REO listings account for only 20% of total resale listings. Current Listed Bank Owned Statistics: Listings (2/15/2012): 1703 Under Contract (2/15/2012): 2835 Sold
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Las Vegas NV Area Sales by Type: Short Sales, REO, Standard Sales for January 2012 (includes Henderson & North Las Vegas) - 02/16/12 08:54 PM
Las Vegas Area February 15, 2012 Active Listings by Type REO: 1703 (19%) Short Sale: 4156 (45%) All Other: 3321 (36%) January 2012 Sales by Type: REO: 1656 (48%) Short Sale: 982 (28%) Other: 845 (24%) 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
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Got The “I am Tired of Las Vegas Low Inventory & I Don’t Want to Buy a Short Sale” Blues? All of The Force Realty’s NON SHORT SALE Listings RIGHT HERE! - 02/15/12 07:46 PM
Las Vegas is currently struggling with EXTREMELY low amounts of residential resale home inventory currently! The Force Realty has some GREAT non- short sale active listings that are looking for a nice new homeowner to love! All of these listings are UPDATED daily and they are NOT short sales. Take a peek to see if any of these meet your needs:
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Las Vegas NV Area High & Mid Rise Condominium Resale & Rental Market Report December 2011 - 02/14/12 11:15 AM
Las Vegas High Rise Rentals: 260 Listed 1/15/2012 29 Under Contract 1/15/2012 51 Leased December 2011 5.1 Months Inventory Low Leased Price: $800/Month (Wimbledon) Median Leased Price: $1600/Month (Veer) High Leased Price: $6000 (City Center) Las Vegas High Rise Resales: 419 Listed 1/15/2012 158 Under Contract 1/15/2012 76 Closed December 2011 5.5 Months Inventory Low Sold Price: $35000 (Wimbledon Tennis Club) Median Sold Price: $181000 (Panorama) High Sold Price: $900000 (One Queensridge Place) This Market is extremely volatile due to the boutique nature and lack of condominium financing. Read last month's report here. This report is compiled by using
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Las Vegas Valentine's Day Guide: Wedding Chapels, Event Planners & Hotels - 02/12/12 08:03 PM
Las Vegas Valentine’s Day Event Guide: Wedding Chapels, Planners & Hotels 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
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Las Vegas NV Area "Communities At a Glance" Real Estate Market Report for January 2012 - 02/12/12 07:29 PM
Las Vegas Area "Communities At a Glance" Real Estate Market Report for January 2012 What is Absorption Rate? Absorption rate is basically a report of inventory amounts & trends. It is important for placing offers, pricing new listings and in general understanding where the market is heading. It shows trends in a “monthly format” which gauges how many months it will take for the market to currently “absorb” all of the invententory. You can read more in depth about absorption rate and how it impacts listing a home or buying a home right here. To View Community Descriptions or
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Rhodes Ranch Area (Las Vegas NV) Real Estate Market Report & Homes for Sale December 2011 - 02/12/12 07:20 PM
Rhodes Ranch Area Resale Market Report (homes for sale, pending and sold): Active Listings (1/15/2012): 201 Under Contract (1/15/2012): 342 Sold December 2011: 106 Low: $40,500 (Vistana Condo) Median: $109,950 (Independence Astoria) High: $388,000 (Rhodes Ranch) Rhodes Ranch Area Rental Market Report (homes for rent, contingent, leased) Active Listings (1/15/2012): 153 Under Contract (1/15/2012): 31 Leased November 2011: 87 Low: $700/month (Vistana) Median: $1200/month (Canyon Creek) High: $2500/month (Rhodes Ranch) Last Month's Market Report Includes: Apache Hills, Apache Springs (The Falls), Astoria Homes at Rhodes Ranch (Independence), Canyon Trail, Huntington, Liberty @ Warm Springs, Maplewood,
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Economic Conditions for the Las Vegas Valley February 2012 (includes Henderson & North Las Vegas) - 02/12/12 06:41 PM
Foreclosure/Short Sale Listings (1/15/2012): Total Listings 10446; Short Sales: 4935, 47% of all listings; Bank Owned Listings: 2025, 20% of all listings. Short sale and REO listings consume 67% of total listings New Home Sales (November 2011, units sold): 356 Year Change -6.8% (excl condo conversions, highrises) New Home Sales (November 2011, median price): $204,221 Year Change +4.2% (excl condo conversions, highrises) Existing Home Sales (December 2011, units sold): 4098 Year Change +23.7% Existing Home Sales (November 2011, median price): $114,000 Year Change: -5.0% New Home Permits (November 2011): 250 Year Change +54.3% Rental Rate (MLS Monthly
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Mountain's Edge (Las Vegas NV) Real Estate Market Report & Homes for Sale December 2011 - 02/12/12 06:04 PM
Mountain's Edge December 2011 Real Estate Resale Market Report: Listings (1/15/2012): 206 Under Contract (1/15/2012): 311 Sold December 2011: 88 Since Last Month: Listings are DOWN -4, Pendings are UP +1, Sales are UP +1 Last Month's Mountain's Edge Market Report View Mountain's Edge Homes For Sale Here (Updated Daily) More Information on Mountain's Edge Real Estate Here More Las Vegas Communities Here
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Las Vegas NV Area Rental Home Market Report December 2011 (includes Henderson & North Las Vegas) - 02/12/12 04:49 PM
Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.) Units Leased: December 2011: 2114 November 2011: 2290 October 2011: 2399 September 2011: 2535 August 2011: 2750 July 2011: 2396 June 2011: 2485 May 2011: 2376 April 2011: 2342 March 2011: 2307 February 2011: 2253 January 2011: 2002 December
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Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for December 2011 (includes Henderson & North Las Vegas) - 02/12/12 02:33 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
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North Las Vegas Single Story For Rent - $1025/month! - 02/11/12 02:59 PM
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Sun City Summerlin (Las Vegas NV) Real Estate Market Report & Homes for Sale December 2011 - 02/10/12 02:26 PM
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 1/15/2012: 75 Under Contract 1/15/2012: 33 Sold December 2011: 13 Since Last Month: Listings are DOWN -4, Contracted Escrows are UP +7, and Sold Units are UP
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The Lakes (Las Vegas NV) Real Estate Market Report & Homes for Sale December 2011 - 02/10/12 12:58 PM
The Lakes December 2011 Real Estate Resale Market Report: Listings (1/15/2012): 55 Under Contract (1/15/2012): 60 Sold December 2011: 19 Since Last Month's Report: Listings NO CHANGE, Pendings DOWN -5, Sold Units DOWN -1! 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
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Arlington Ranch (Las Vegas, NV) Real Estate Market Report & Homes for Sale December 2011 - 02/05/12 12:09 PM
Arlington Ranch December 2011 Real Estate Resale Market Report Listings (1/15/2012): 6 Under Contract (1/15/2012): 45 Sold December 2011: 11 Arlington Ranch changes since last month: Listings DOWN -3, Pendings UP +5, Sold units UP +1. Interesting note about Arlington Ranch (Las Vegas) Community: Arlington Ranch was built at the "height" of bubbled prices. Many of the listings are distressed sales and currently (Nov 2011) 79% of the pendings & contracted homes are short sales (read - what is a short sale?) This is the reason why the pie graphs for Arlington Ranch look so funky and
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Silverado Ranch (Las Vegas NV) Real Estate Market Report & Homes for Sale December 2011 - 02/05/12 10:05 AM
Silverado Ranch December 2011 Real Estate Resale Market Report (Homes For Sale, Pending, Sold): Listings (1/15/2012): 109 Under Contract (1/15/2012): 196 Sold December 2011: 65 Since last month: Listings are DOWN -12, Under Contract UP +11, Sales are UP +19. The Silverado Ranch Area is Currently Enjoying a Seller's Market. For Current and Past Silverado Ranch Market Reports View Silverado Ranch Homes For Sale Here (Updated Daily) More Information on Silverado Ranch Real Estate Here More Las Vegas Communities Here
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Sun City Anthem (Henderson NV) Real Estate Market Report & Homes for Sale December 2011 - 02/04/12 05:48 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 (1/15/2012): 129 Under Contract (1/15/2012): 63 Sold December 2011: 27 Since Last Month's Report: Listings NO CHANGE, Contracted Escrows UP +7, Solds UP +5. Sun City Anthem is currently enjoying a
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Las Vegas NV Area Sold Terms & Trends December 2011 (includes Henderson & North Las Vegas) - 02/03/12 11:43 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
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North Las Vegas Single Story Home for Sale - Standard/Traditional Sale Involves NO BANKS! $104,900 - 02/03/12 10:26 AM
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Sun City Aliante (North Las Vegas NV) Real Estate Market Report & Homes for Sale December 2011 - 02/02/12 08:11 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 (1/15/2012): 21 Under Contract (1/15/2012): 30 Sold December 2011: 13 Sun City Aliante is currently enjoying a seller's market. Since Last Month: Aliante Sun City, North Las Vegas Listings UP +2,
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Desert Shores (Las Vegas NV) Real Estate Market Report & Homes for Sale December 2011 - 02/01/12 04:11 PM
Desert Shores December 2011 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold): Listings (1/15/2012): 40 Under Contract (1/15/2012): 60 Sold December 2011: 24 Since Last Month: Listings are DOWN -2, Pendings are DOWN -3, Sold Units are DOWN -1 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
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