las vegas market report: Las Vegas Short Sale Help - Finding a Las Vegas Short Sale Specialist - 06/02/12 02:19 PM
Short Sale Help in Las Vegas - Finding a Las Vegas Short Sale Specialist
Deciding whether or not a short sale is right for you is a very difficult decision. With our Las Vegas inventory being very low, some sellers that are barely upside down may be wondering to wait to see where the market is heading in the future.
Please feel free to call my personal cell M-F 9 AM to 5 PM if you want to ask questions about short selling your home or my opinion on where the market is heading with AB 284 and our low inventory situation. Since I … (11 comments)
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las vegas market report: Coronado Ranch (Las Vegas NV) Real Estate Market Report & Homes for Sale April 2012 - 06/02/12 10:12 AM
Coronado Ranch April 2012 Real Estate Resale Market Report (Homes For Sale/Pending/Sold):
Listings (5/15/2012): 13 Under Contract (5/15/2012): 48 Sold April 2012: 12 Since Last Month: Listings are DOWN -8, Pendings are UP +4, Solds Units are UP +2.
For Current & Past Coronado Ranch Market Reports
View Coronado Ranch Homes For Sale Here (Updated Daily)
More Information on Coronado Ranch Real Estate Here
More Las Vegas Communities Here
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las vegas market report: Las Vegas NV Area REO Real Estate Market Report & Homes for Sale April 2012 (includes Henderson & North Las Vegas) - 06/01/12 02:03 PM
Las Vegas Area REO Inventory has FALLEN since last report (-304 units), Under Contracts have FALLEN by (-303) units Closing data has FALLEN by (-332) 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 39% of all Las Vegas Area Valley resale closings in April 2012. REO listings account for only 15% of total resale listings.
Current Listed Bank Owned Statistics:
Listings (5/15/2012): 714 Under Contract (5/15/2012): 2191 … (5 comments)
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las vegas market report: Sun City MacDonald Ranch (Henderson NV) Real Estate Market Report & Homes for Sale April 2012 - 06/01/12 08:17 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 (5/15/2012): 19 Under Contract (5/15/2012): 23 Sold April 2012: 8 Since Last Month:
Listing Units UP +2 Under Contract Units NO CHANGE Sold Units DOWN -4 Last Month's Sun City MacDonald … (1 comments)
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las vegas market report: Mountain's Edge (Las Vegas NV) Real Estate Market Report & Homes for Sale April 2012 - 05/27/12 10:43 AM
Mountain's Edge April 2012 Real Estate Resale Market Report:
Listings (5/15/2012): 76 Under Contract (5/15/2012): 369 Sold April 2012: 80 Since Last Month: Listings are DOWN -27, Pendings are DOWN -8, Sales are NO CHANGE
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 market report: Sun City Aliante (North Las Vegas NV) Real Estate Market Report & Homes for Sale April 2012 - 05/27/12 10:23 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 (5/15/2012): 19 Under Contract (5/15/2012): 37 Sold April 2012: 16 Sun City Aliante is currently enjoying a seller's market.
Since Last Month: Aliante Sun City, North Las Vegas Listings NO CHANGE, … (1 comments)
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las vegas market report: Las Vegas NV Area Pendings Real Estate Market Report for April 2012 (includes Henderson & North Las Vegas) - 05/27/12 08:48 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 16th 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 (5/15/2012): 4813 Under Contract (5/15/2012): 15921 Sold April 2012: 3789 Short Sales:
28% of Listings 30% of Sales REO (Foreclosures, Bank Owned:)
15% of Listings 39% of Sales In One Month: Listings are DOWN -1004 units, Contracted Listings UP +361 units, Sales are DOWN … (2 comments)
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las vegas market report: Las Vegas NV Area Sales by Type: Short Sales, REO, Standard Sales for April 2012 (includes Henderson & North Las Vegas) - 05/26/12 09:54 AM
Las Vegas Area May 15, 2012 Active Listings by Type
REO: 714 (15%) Short Sale: 1366 (28%) All Other: 2733 (57%)
April 2012 Sales by Type:
REO: 1480 (39%) Short Sale: 1152 (30%) Other: 1157 (31%) 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 … (6 comments)
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las vegas market report: Arlington Ranch (Las Vegas, NV) Real Estate Market Report & Homes for Sale April 2012 - 05/25/12 07:30 AM
Arlington Ranch April 2012 Real Estate Resale Market Report
Listings (5/15/2012): 5 Under Contract (5/15/2012): 43 Sold April 2012: 7 Arlington Ranch changes since last month: Listings NO CHANGE, Pendings UP +5, Sold units DOWN -4..
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 … (5 comments)
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las vegas market report: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale April 2012 (includes Henderson & North Las Vegas) - 05/22/12 03:20 PM
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 -598 units. Under Contract has INCREASED by +515 units. Sold units have INCREASED by +12 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 5/15/2012: 1366 Pending 5/15/2012: 11768 Closed April 2012: 1152 Short Sales Currently Account for:
28% of All Las Vegas Valley … (3 comments)
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las vegas market report: Summerlin Real Estate Market Report & Homes for Sale April 2012 - 05/22/12 11:19 AM
Summerlin April 2012 Real Estate Resale Market Report:
Listings (5/15/2012): 343 Under Contract (5/15/2012): 716 Sold April 2012: 204 Since Last Month's Report:
Listings DOWN -59 Pendings UP +16 Sold Units DOWN -30 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
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las vegas market report: Nevada Trails (Las Vegas NV) Real Estate Market Report & Homes for Sale April 2012 - 05/17/12 02:17 PM
Nevada Trails April 2012 Real Estate Resale Market Report (Homes For Sale, Pending, Sold):
Listings (5/15/2012): 11 Under Contract (5/15/2012): 43 Sold April 2012: 13 Since Last Month: Listings are DOWN -6, Pendings are DOWN -2, Closes are UP +3
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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las vegas market report: Las Vegas NV Area Market Watch May 2012 (includes Henderson & North Las Vegas) - 05/16/12 06:57 AM
**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, … (2 comments)
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las vegas market report: Las Vegas NV Area High & Mid Rise Condominium Resale & Rental Market Report March 2012 - 05/15/12 03:58 PM
Las Vegas High Rise Rentals:
220 Listed 4/15/2012 29 Under Contract 4/15/2012 64 Leased March Inventory Low Leased Price: $625/Month (Wimbledon) Median Leased Price: $1650/Month (Sky) High Leased Price: $8500 (Panorama)
Las Vegas High Rise Resales:
397 Listed 4/15/2012 177 Under Contract 4/15/2012 79 Closed March 2012 5.0 Months Inventory Low Sold Price: $39000 (Lake Las Vegas) Median Sold Price: $155000 (Palms Place) High Sold Price: $1495000 (Turnberry 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 data from the GLVAR … (2 comments)
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las vegas market report: Rhodes Ranch Area (Las Vegas NV) Real Estate Market Report & Homes for Sale March 2012 - 05/15/12 06:44 AM
Rhodes Ranch Area Resale Market Report (homes for sale, pending and sold):
Active Listings (4/15/2012): 88 Under Contract (4/15/2012): 363 Sold March 2012: 104 Low: $47,000 (Vistana) Median: $121,000 (Huntington) High: $410,000 (Rhodes Ranch)
Rhodes Ranch Area Rental Market Report (homes for rent, contingent, leased)
Active Listings (4/15/2012): 132 Under Contract (4/15/2012): 37 Leased March 2012: 96 Low: $650/month (Arby Condo - Esplanade) Median: $1185/month (Wineridge) High: $2995/month (Rhodes Ranch)
Last Month's Market Report
Includes: Apache Hills, Apache Springs (The Falls), Astoria Homes at Rhodes Ranch (Independence), Canyon Trail, Huntington, Liberty @ Warm Springs, Maplewood, … (1 comments)
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las vegas market report: Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for March 2012 (includes Henderson & North Las Vegas) - 05/14/12 05:04 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 … (4 comments)
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las vegas market report: Las Vegas NV Area "Communities At a Glance" Real Estate Market Report for April 2012 - 05/14/12 11:24 AM
Las Vegas Area "Communities At a Glance" Real Estate Market Report for March 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 … (3 comments)
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las vegas market report: Siena "Sun Colony Summerlin" Real Estate Market Report & Homes for Sale March 2012 - 05/12/12 09:13 PM
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, Community Golf, Pool, Tennis, Gym, Clubhouse.
Siena Sun Colony Market Report:
Listings (4/15/2012): 53 Under Contract (4/15/2012): 27 Sold March 2012: 6 Siena Sun Colony Summerlin is currently enjoying a stable to buyer's … (0 comments)
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las vegas market report: Las Vegas NV Area Concession Stand March 2012 (includes Henderson & North Las Vegas) - 05/10/12 03:59 PM
Here is what buyers received in seller paid concessions on February 2012 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:
Less than $500: 73% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000: 18% Over $4001: 9% 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 … (1 comments)
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las vegas market report: The Lakes (Las Vegas NV) Real Estate Market Report & Homes for Sale March 2012 - 05/10/12 11:33 AM
The Lakes March 2012 Real Estate Resale Market Report:
Listings (4/15/2012): 38 Under Contract (4/15/2012): 63 Sold March 2012: 20 Since Last Month's Report: Listings DOWN -8, Pendings UP +15, Sold Units DOWN -5!
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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