las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated October 5, 2008 - 10/07/08 06:38 PM
This Rhodes Ranch Area resale market report was generated on October 5, 2008 (graph on bottom):
Active Listings: 410
Under Contract: 128
Sold 8/27-9/27/2008: 79
Months Inventory: 5.2
Low: $69900; High: $3,490,000; Median: $199900(listing prices only)
Rental Market Report generated on October 5, 2008 (graph on top):
Active Listings: 93Under Contract: 15
Leased 8/27-9/27/2008: 61
Months Inventory: 1.5
Median List … (7 comments)
|
las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated August 16, 2008 - 08/17/08 12:58 PM
This Rhodes Ranch Area resale market report was generated on August 16, 2008 (graph on bottom):
Active Listings: 382
Under Contract: 199
Sold 7/8-8/8/2008: 88
Months Inventory: 4.3
Low: $83900; High: $3,490,000; Median: 217645(listing prices only)
Rental Market Report generated on August 16, 2008 (graph on top):
Active Listings: 79Under Contract: 16
Leased 7/8-8/8/2008: 43
Months Inventory: 1.8
Median List … (2 comments)
|
las vegas new construction: Welcome Home to North Las Vegas Communities: Sierra Ranch - 08/01/08 11:21 PM
Sierra Ranch is located in North Las Vegas.
There are many different housing choices from entry level choices starting at 1476 square feet to larger choices of 3803 square feet.
There are five different collections:
The Apple Creek Collection ranges from 1612-2021 square feet with *some* three story homes. This … (6 comments)
|
las vegas new construction: Economic Conditions for the Las Vegas Valley July 2008 - 07/25/08 02:48 PM
Economic Conditions for the Las Vegas Valley June 2008
Housing Conditions:
Foreclosure/Short Sale Listings (7/25/2008): Total Listings 20,918; Short Sales: 6087, 29% of all listings; Bank Owned Listings: 4928, 23% of all listings. Short sale and REO listings consume 53% of total listings
New Home Sales (June 2008, units sold): 777 Year … (0 comments)
|
las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated July 15, 2008 - 07/17/08 05:35 PM
This Rhodes Ranch Area resale market report was generated on July 15, 2008 (graph on bottom):
Active Listings: 373
Under Contract: 210
Sold 6/7-7/7/2008: 73
Months Inventory: 5.1
Low: $84900; High: $3,490,000; Median: 220000(listing prices only)
Rental Market Report generated on July 15, 2008 (graph on top):
Active Listings: 67Under Contract: 14
Leased … (3 comments)
|
las vegas new construction: Las Vegas, NV July 2008 High Rise Inventory Update: Doubled in Last Month - 07/14/08 05:51 PM
We have seen the Las Vegas, NV high rise real estate market as a challenged market with an abundance of resale inventory. 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 time … (7 comments)
|
las vegas new construction: Economic Conditions for the Las Vegas Valley June 2008 - 07/07/08 08:13 PM
Economic Conditions for the Las Vegas Valley May 2008
Housing Conditions:
Foreclosure/Short Sale Listings (7/3/2008): Total Listings 20,606; Short Sales: 5589, 28% of all listings; Bank Owned Listings: 4633, 22% of all listings. Short sale and REO listings consume 50.5% of total listings
New Home Sales (May 2008, units sold): 734 Year … (0 comments)
|
las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated June 12, 2008 - 06/12/08 07:03 PM
This Rhodes Ranch Area resale market report was generated on June 12, 2008 (graph on bottom):
Active Listings: 377
Under Contract: 209
Sold 4/19-5/19/2008: 79
Months Inventory: 4.8
Low: $92,900; High: $3,490,000; Median: 225000(listing prices only)
Rental Market Report generated on June 12, 2008 (graph on top):
Active Listings: 56
Under … (0 comments)
|
las vegas new construction: Las Vegas, NV June 2008 High Rise Inventory Update: Slightly Down at 2.8 Years - 06/12/08 06:41 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 … (1 comments)
|
las vegas new construction: Economic Conditions for the Las Vegas Valley May 2008 - 06/12/08 06:31 PM
Economic Conditions for the Las Vegas Valley April 2008
Housing Conditions:
Foreclosure/Short Sale Listings (6/12/2008): Total Listings 20,675; Short Sales: 5576, 27% of all listings; Bank Owned Listings: 4287, 21% of all listings. Short sale and REO listings consume 47.7% of total listings
New Home Sales (April 2008, units sold): 749 Year … (2 comments)
|
las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated June 3, 2008 - 06/03/08 08:07 PM
This Rhodes Ranch Area resale market report was generated on June 3, 2008 (graph on bottom):
Active Listings: 371
Under Contract: 208
Sold 4/19-5/19/2008: 67
Months Inventory: 5.53
Low: $92,900; High: $3,490,000; Median: 229900(listing prices only)
Rental Market Report generated on June 3, 2008 (graph on top):
Active Listings: 59
Under … (0 comments)
|
las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated May 13, 2008 - 05/14/08 05:30 PM
This Rhodes Ranch Area resale market report was generated on May 13, 2008 (graph on bottom):
Active Listings: 391
Under Contract: 206
Sold 4/5-5/5/2008: 50
Months Inventory: 7.8
Low: $89,900; High: $3,490,000; Median: 226,000(listing prices only)
Rental Market Report generated on May 13, 2008 (graph on top):
Active Listings: 62
Under … (2 comments)
|
las vegas new construction: Las Vegas, NV May 2008 High Rise Inventory Update: 3.6 years! (no change) - 05/13/08 09:37 AM
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 … (3 comments)
|
las vegas new construction: 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)
|
las vegas new construction: 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)
|
las vegas new construction: 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)
|
las vegas new construction: 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)
|
las vegas new construction: Las Vegas, NV January 2008 New Construction Report - 03/01/08 03:09 PM
While we saw an upward tick in Las Vegas New Construction units sold in October, we have a slight downward number of units sold in December. There is barely any standing inventory to close. We are experiencing a quick rise in resale pendings. New construction is starting to look better … (2 comments)
|
las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated March 1, 2008 - 03/01/08 03:02 PM
This Rhodes Ranch Area resale market report was generated on March 1, 2008 (graph on bottom):
Active Listings: 437 Under Contract: 110Sold 1/25-2/25/2008: 29 Months Inventory: 14.1Low: $114,900; High: $3,490,000; Median: 252,000(listing prices only) Rental Market Report generated on March 1, 2008 (graph on top):
Active Listings: 72Under Contract: 14 Leased … (0 comments)
|
las vegas new construction: Las Vegas Area First Time Buyer: Rent or Buy? - 01/27/08 08:05 PM
Purchasing a home for the first time can be a scary process. What is even more scary is our rental market which has tightened up since the credit crunch! If you have large dogs, expect a denial just because of them! How about rental homes getting foreclosed on and the tenants … (18 comments)
|
las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated January 27, 2008 - 01/27/08 02:40 PM
This Rhodes Ranch Area resale market report was generated on January 27, 2008 (graph on bottom):
Active Listings: 501 Under Contract: 79Sold 12/20/2007-1/20/2008: 42 Months Inventory: 11.9Low: $129,900; High: $3,490,000; Median: 270,000(listing prices only) Rental Market Report generated on January 27, 2008 (graph on top):
Active Listings: 94Under Contract: 14 Leased … (1 comments)
|
las vegas new construction: Las Vegas, NV Valley High Rise Inventory Absorption Update January 2008: 3.9 Years! - 01/27/08 12:53 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 … (2 comments)
|
las vegas new construction: Las Vegas, NV Area New Construction January 2008 Report - 01/18/08 07:38 AM
While we saw an upward tick in Las Vegas New Construction units sold in October, we have a slight downward number of units sold in December. There is barely any standing inventory to close. Building permits are up a whopping 114%. This is good news because most major builders in town are pulling … (1 comments)
|
las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated January 13, 2008 - 01/14/08 04:28 PM
This Rhodes Ranch Area resale market report was generated on January 13, 2008 (graph on bottom):
Active Listings: 461 Under Contract: 70Sold 12/5/2007-1/5/2008: 46 Months Inventory: 10Low: $114,000; High: $3,490,000; Median: 266,910 (listing prices only) Rental Market Report generated on January 13, 2008 (graph on top):
Active Listings: 102Under Contract: 13 … (0 comments)
|
las vegas new construction: Las Vegas, NV Multi-Family Building Permits Grow Again in Nov 2007: Up 234.8% Year Prior - 01/08/08 09:24 PM
First August, then September then October Now NOVEMBER! Obvious anticipation for rental homes, or maybe just housing period is driving the amount of building permits for multi family buildings up for the third month in a row!
Amount of Multi-Family Unit Permits Pulled:
November 2007: 2106October 2007: 2733 September 2007: 2296 November 2006: 629Down 22.9% … (5 comments)
|
las vegas new construction: Economic Conditions for the Las Vegas Valley December 2007 - 01/03/08 10:58 PM
Economic Conditions for the Las Vegas Valley November 2007 Housing Conditions:
Foreclosure/Short Sale Listings (1/3/3008): Total Listings 23973; Foreclosures Commenced: 1244, 5% of all listings; Short Sales: 4131, 17% of all listings; Bank Owned Listings: 2183, 9% of all listings. New Home Sales (October 2007, units sold): 1170 Year Change -45.5% … (0 comments)
|
las vegas new construction: Las Vegas Real Estate Financing Challenges... - 12/19/07 11:48 AM
Las Vegas area is just like the rest of the country and we are seeing major challenges to financing a home purchase. One of the best ways to gain entrance into your first home, right now, is to use FHA or VA financing. Before you are go out searching for that … (13 comments)
|
las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated December 14, 2007 - 12/15/07 10:35 AM
This Rhodes Ranch Area market report was generated on December 14, 2007 (graph on bottom):
Active Listings: 469 Under Contract:84Sold 11/5-12/5/2007: 28 Months Inventory: 16.8Low: $110,000; High: $3,490,000; Median: 275,000 (listing prices only) Rental Market Report generated on December 14, 2007 (graph on top):
Active Listings: 107Under Contract: 8 Leased 11/5-12/5/2007: … (5 comments)
|
las vegas new construction: Las Vegas Sellers: Pricing is Essential in this Market! - 12/11/07 11:38 AM
Right now, with so much inventory, pricing is your #1 marketing tool.
Currently your main competition is (in order):
New Construction: New construction set the trend with prices. The prices began to drop beginning of September and the bottom fell out in middle of October. In general, you are looking at 6-8 … (21 comments)
|
las vegas new construction: Las Vegas New Construction December 2007 Report - 12/08/07 06:26 PM
While we saw an upward tick in Las Vegas New Construction units sold in October, we have a slight downward number of units sold in November. There is barely any standing inventory to close. Building permits are up 99.8%. This is good news because most major builders in town are pulling … (2 comments)
|
las vegas new construction: Las Vegas Multi Family Unit Building Permits Up AGAIN for October! - 11/27/07 06:18 PM
First August, then September and now we have October!
Obvious anticipation for rental homes, or maybe just housing period is driving the amount of building permits for multi family buildings up for the third month in a row!
Amount of Multi-Family Unit Permits Pulled:
October 2007: 2733 September 2007: 2296 October 2006: 975Up 19% from month … (4 comments)
|
las vegas new construction: Economic Conditions for the Las Vegas Valley November 2007 - 11/27/07 06:06 PM
Economic Conditions for the Las Vegas Valley October 2007 Housing Conditions:
Foreclosure/Short Sale Listings (11/27/2007): Total Listings 26,513; Foreclosures Commenced: 1704, 6.4% of all listings; Short Sales: 4105, 15.4% of all listings; Bank Owned Listings: 2065, 7.8% of all listings. New Home Sales (October 2007, units sold): 1170 Year Change -45.5% … (2 comments)
|
las vegas new construction: Shmittens in Nevada: Up Markets Breed Fraud, Down Markets Breed Fraud - 11/24/07 12:43 AM
Shmittens is a term that some of us regular doggie park go-ers coined for when an irresponsible dog owner lets them do their business, fails to pick it up and the next thing we know another pup has run through it and several people end up having to clean up the … (31 comments)
|
las vegas new construction: Las Vegas High Rise Inventory Update: Five Years of Inventory! November 2007 - 11/20/07 07:10 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 … (20 comments)
|
las vegas new construction: Las Vegas New Construction Waiting Lists & Price Increases - 11/18/07 02:08 AM
I am not surprised at all!
Read some of Las Vegas New Construction reports from mid September 2007 till mid November 2007.
Las Vegas new construction is moving. Two weeks ago we were seeing standing inventory to 6 month builds in the entry level single family new construction market. Today we are … (9 comments)
|
las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated November 16, 2007 - 11/16/07 01:17 PM
This Rhodes Ranch Area market report was generated on November 16, 2007 (graph on bottom):
Active Listings: 508 Under Contract:75Sold 10/12-11/12/2007: 18 Months Inventory: 28.2Low: $129,900; High: $3,490,000; Median: 284,900 Rental Market Report generated on November 16, 2007 (graph on top):
Active Listings: 87Under Contract:12 Leased 10/12-11/12/2007:33Months Inventory: 2.6Median List Price … (0 comments)
|
las vegas new construction: POP!! BAM!! What was that? Did something just hit the floor? - 11/08/07 07:12 PM
A major major national builder today has just announced a Price Protection Program. They promise (and I would love to see it in the contract) that: We'll make sure you get the lowest price if the base price goes down before you get your keys.
I am an avid watcher of market … (5 comments)
|
las vegas new construction: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated November 8, 2007 - 11/08/07 02:42 PM
This Rhodes Ranch Area market report was generated on November 8, 2007 (graph on bottom):
Active Listings: 510 Under Contract: 66Sold 10/5-11/5/2007: 18 Months Inventory: 28.3Low: $129,900; High: $3,490,000; Median: 285,000 Rental Market Report generated on November 8, 2007 (graph on top):
Active Listings: 82Under Contract:9Leased 10/5-11/5/2007: 40Months Inventory: 2.0Median List … (1 comments)
|
las vegas new construction: Las Vegas New Construction Sees a Bounce UPWARD! - 11/08/07 01:18 PM
Uh huh, just like I said a couple of weeks ago, I expected this!
Units sold for October are UP from September. With the exception of December 2003 from years 2003-2006 we see a seasonal adjustment DOWN from month to month units sold September through December. Is this splendid news or what? … (1 comments)
|
las vegas new construction: Economic Conditions for the Las Vegas Valley October 2007 - 11/02/07 10:51 PM
Economic Conditions for the Las Vegas Valley September 2007 Housing Conditions:
Foreclosure/Short Sale Listings (11/2/2007): Total Listings 26,884; Foreclosures Commenced: 1669, 6.2% of all listings; Short Sales: 3852, 14% of all listings; Bank Owned Listings: 1909, 7% of all listings. New Home Sales (September 2007, units sold): 1153 Year Change -54.2% … (6 comments)
|
las vegas new construction: Some Las Vegas Bank Owned/Foreclosure Listings - 11/02/07 09:55 AM
Other Bank Owned Listings that may interest you:
Rhodes Ranch: 2964 Square Feet, Guard Gated Golf Community with Water Park. $430,000 Reduced!!
Southwest: 4 Bedrooms, Near 215/South Jones. $270,900 Reduced!
Southern Highlands: Going to Auction Dec 2, Fill out a pre-auction offer now! $126 a square foot!
Southwest: Single Family near 215/South Durango w/ attached … (4 comments)
|
las vegas new construction: Welcome Home to Las Vegas Communities: Providence Master Plan - 10/27/07 09:05 PM
The Providence Master Planned community features 17 builders and 30 neighborhoods. Plenty of choices from entry level homes to executive living homes to condominiums.
Providence is located north of the 215/North Hualapai exit and there are many fantastic deals to be found there today. I found two that were incredible bargains:
1700 square … (0 comments)
|
las vegas new construction: Las Vegas New Construction Bundles: Get Them While They Last! - 10/23/07 10:05 PM
There is still much standing inventory in the Las Vegas New Construction market. Some builders are bundling up their standing inventory ~ some as low as 75 cents on the dollar ~ minimums as low as $2-3 million. While that may seem high, the builders are ahead of the curve with … (9 comments)
|
las vegas new construction: Las Vegas New Construction, Foreclosures & Rental Homes: Let's Talk About the GOOD Markets! - 10/21/07 05:03 PM
Las Vegas NV Real Estate hasn't been a total bomb this year. There are several markets that are moving that need to have their day in the sun. Just like my subject line touts: Rentals & New Construction are chugging along fairly well. Bank Owned Property (REO's or foreclosures) are moving … (2 comments)
|
las vegas new construction: High Rise Inventory Updates: - 10/18/07 01:21 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 … (9 comments)
|
las vegas new construction: I Beg Your Pardon, I Never Promised You Would Always Be Able to View That Rose Garden! - 10/18/07 10:39 AM
A great debate has entered the Las Vegas Real Estate landscape over views.
Nevada's laws in regards to views is basically "Caveat Emptor". Which translates to "buyer beware". This means you must do your due diligence in regards to what zoning is going on in and around the property you are purchasing … (17 comments)
|
las vegas new construction: Las Vegas New Construction Opportunity Knocks! - 10/08/07 07:38 AM
Lennar has just reduced prices in most of its subdivisions by 24%! You can buy a 5000 square foot home in ANTHEM for just a little over $600K right now! $119 a square foot in HENDERSON! How about the same home in the Northwest on a 1/4 of an acre for … (6 comments)
|
las vegas new construction: Las Vegas New Construction Bargains! - 09/13/07 07:13 PM
With the recent subprime fallouts (one in February and one in July) there have been some incredible bargains with fallouts that are Las Vegas new construction standing inventory. Builders are offering LARGE incentives to get FHA buyers qualified including rate buydowns, sometimes the max that the lender will allow including closing … (2 comments)
|
las vegas new construction: What Convention, New Resident and Gaming Statistics Really Have in Common With the Real Estate Market in Nevada - 08/03/07 12:27 PM
This post was inspired by Arina Hanciulescu (and I am not picking on you, just answering your questions quite frankly!) and Rey Gallegos from my Economic Conditions Report.
Arina posed questions in italics:
"Can you please explain how gaming and tourism industry help the Real Estate Market? I don't see the relation there. … (13 comments)
|
las vegas new construction: Welcome Home to North Las Vegas Neighborhoods: Sierra Ranch - 04/18/07 11:17 PM
Sierra Ranch is located in North Las Vegas.
View Map (Satellite Hybrid)
There are many different housing choices from entry level choices starting at 1476 square feet to larger choices of 3803 square feet.
There are five different collections:
The Apple Creek Collection ranges from 1612-2021 square feet with *some* three story … (7 comments)
|
las vegas new construction: And the Las Vegas Trend is....:DRUMROLL: High Density! - 03/30/07 10:54 PM
OK, not a big surprise, I KNOW! Everyone KNOWs about the high rises that are being built on the Las Vegas strip. Those are being marketed to appeal to vacation property or second property home buyers! It really doesn't have much appeal to the average person who lives and works here. The price … (12 comments)
|
las vegas new construction: Which Las Vegas Markets are Moving? Listings/Pendings/Solds Broken Down! - 03/30/07 10:06 PM
My last two local blog posts (post 1) (post 2) proved to be slightly controversial for some so I am writing another to help explain it in greater details.
First off: I do not allow comments from non members for a reason. People who do not know the raw data are just chewing … (2 comments)
|
las vegas new construction: Confessions of a Las Vegas RE Market Cheerleader: To Know Your Market is to Love Your Market - 03/26/07 08:04 PM
So I was just accused of so many things in my recent post: "Stats" Surrounded by Doom & Gloom.
First I was accused of being a "cheerleader" instead of giving "accurate and impartial information" like Broker Bryant. Well I will honestly and openly admit I am NO Broker Bryant. No one can … (15 comments)
|
las vegas new construction: "Stats" Surrounded by Doom & Gloom! - 03/25/07 04:35 PM
An article last week in the Las Vegas Review Journal Depressed me: HOUSING: Local sales continue to decline Closings drop for new, existing homes, but median prices climb. But Low and behold, I am a big believer in stats! Silly Rabbit, Tricks are for Kids!
Building permits are wayyyyyyy down. The builders … (22 comments)
|
las vegas new construction: Doity Laundry: Nevada Green Challenges & Some Green Saving Tips! - 03/13/07 12:15 PM
Doity Laundry: I found my green awareness inadvertently because of the natural magic cleaning power of the sun when my baby boy was allergic to the chemicals in disposable diapers. I tried a diaper service and he was allergic to those chemicals also! I had to wash my own diapers with … (17 comments)
|
las vegas new construction: Escrow 911: Subprime Fallout and the Potential Impact on the Las Vegas Valley Rebound - 02/24/07 03:23 PM
I have had great hope for the Las Vegas Valley Real Estate Market over the last 6 months. Looking at facts, figures, stats. I personally predicted hitting the low in January/February provided all economic conditions remain stable.
I watched with glee as our pendings rose dramatically last week, perhaps needing a seasonal … (13 comments)
|
las vegas new construction: Las Vegas Real Estate Is Seeing the Light at the End of the Tunnel! - 02/14/07 10:14 PM
So why are so many buyers still sitting on the sidelines? I have been busy calling my buyers who have been sitting on the fence and letting them know "now is the time". I am also alerting the non-motivated sellers that have been patiently waiting behind the golden gate that the … (4 comments)
|
las vegas new construction: Economic Conditions for the Las Vegas Valley February 2007 - 02/13/07 10:23 AM
January 2007 Economic Conditions
Housing Conditions:
Foreclosure/Short Sale Listings (1/21/2007): Total Listings (2/13/2007) 20,688; Foreclosures Commenced (listings 2/13/2007) 330, 1.6% of all listings; Short Sales (listings 2/13/2007) 743, 3.6% of all listings; Both Foreclosures Commenced AND Short Sales (listings 2/13/2007) 250, 1.2% of all listings. New Home Sales (December 2006, units sold): 2,384 … (3 comments)
|
las vegas new construction: Economic Conditions for Clark County, Nevada (Las Vegas Valley) - 01/21/07 04:18 PM
Housing Conditions:
Foreclosure/Short Sale Listings (1/21/2007): Total Listings (1/21/2007) 19,904; Foreclosures Commenced (listings 1/21/2007) 492, 2.5% of all listings; Short Sales (listings 1/21/2007) 874, 4.4% of all listings; Both Foreclosures Commenced AND Short Sales (listings 1/21/2007) 200, 1.0% of all listings.New Home Sales (November 2006, units sold): 2,176 Year Change -31.1% (excl condo conversions, … (0 comments)
|
las vegas new construction: Inventory Shrinkage of Entry Level New Homes in the Las Vegas New Construction Market! - 01/11/07 08:33 PM
I am happy to report that there has been a distinct change, in the last three weeks. There is almost ZERO available standing inventory in the SFR entry level market (under $275K) in the South, Henderson (south) and Southwest portions of the Las Vegas Valley (Clark County).
A couple of them … (1 comments)
|
las vegas new construction: October/November 2006 Clark County (Las Vegas Valley, NV) Economic Conditions - 01/09/07 09:31 AM
Indicator - Reporting Period - Statistic - Monthly Change - Annual Change
New Residents - November/2006 - 6076 - -5.5% - +5.2%Total Employment - November/2006 - 944,300 - +.4% - +4.9%Unemployment Rate - November/2006 - +4% - 0% - +8.1%New Home Sales - October/2006 - 2,167 - -14.9% - -20.9%New Home Permits … (0 comments)
|
las vegas new construction: Market News: Las Vegas Residential Building Permits Down 26% - 01/02/07 07:23 PM
The downward trend continues!
Only 885 Residential Building Permits were pulled for the month of November.
New sales were 2829 units in November, up slightly from October's 2606 units. The median new home price rose 11.3% for the same 12 month period but 366 high end high rise condo units … (1 comments)
|
las vegas new construction: Las Vegas Valley, Nevada: Real Estate Has Never Been a Better Value! - 12/31/06 12:07 PM
Happy New Year! May we all catch the good news plague! Thank you Chris and Chris!
We have all heard that Las Vegas is an "Overvalued" market. In reality, the methodology to figure these markets is flawed - Real wages do not factor in your market when: An Abundance of Retirees settle in … (27 comments)
|
las vegas new construction: Las Vegas: Here we Grow Again - oh wait! We never stopped! - 12/30/06 04:07 PM
Out with the old - in with the new! The state bird is the crane and not the feathered variety!
The Las Vegas Valley is running out of land so there is a new trend for housing (besides patio and apartment to condo conversions)
We are trending towards Vertical Living or "Manhattanization".
We … (5 comments)
|
las vegas new construction: Do Median and Average Sales Prices Mean Much in Your Market These Days? - 12/28/06 06:45 PM
Has new trends and products in your market thrown a wrench in Average and Median Prices?
What I mean by this is that Las Vegas has several new trends in their resale market: condo conversions and patio homes. The highrises have not yet had an impact on our resale statistics - and … (20 comments)
|
las vegas new construction: Foxy Woxy: Are We Beginning to See the Makings of a "Bubble Implosion"? - 12/22/06 01:08 PM
Get a piece of chewing gum - no make that two or three pieces. I want to effectively demonstrate what a bubble implosion is. OK - chew, chew, chew. Blow the biggest bubble until it explodes. OK, good: that is what the media is describing in regards to "overheated, overvalued" markets … (20 comments)
|
las vegas new construction: The Disparity Between Renting & Buying in Las Vegas - 12/20/06 08:26 AM
There is a huge disparity between renting and a mortgage payment in Las Vegas. Las Vegas did not have this disparity until our 2004 "boom".
Let me give a couple of examples on what is happening in our rental market. When we moved into our present home in 2002 fair market … (2 comments)
|
las vegas new construction: WOW! WOW! WOW! Only 945 Residential Building Permits Pulled in Las Vegas For October 2006! - 12/04/06 08:55 PM
Down the 6th month in a row and this is a 12 PLUS year low!
This is INCREDIBLE news for our resale market! Let's just hope economic conditions & interest rates remain fairly stable.
Search for your new construction home and get incentives (while they are still here!)
OK Las Vegas market watchers, do … (4 comments)
|
las vegas new construction: Salestraq Training for Las Vegas Realtors - 12/03/06 10:53 PM
Salestraq is an exceptional new home search tool! It is available in Las Vegas, NV, Palm Springs, CA, Albuquerque, NM and Phoenix, AZ.
It is definitely the MLS for new construction. It contains floor plans, contact information for models and sometimes current incentives. Of course, a phone call will get you … (0 comments)
|
las vegas new construction: Las Vegas Condotels - Sizzle or Fizzle? Losing Bet on Immediate Cash Flow, Placing Your Wager on a Long Term Investment: What Joe Doesn't Know! - 11/30/06 10:09 AM
Brian Brady's morning blog prompted me to write on Las Vegas Condotels and the challenges and risks that the average buyer must face.
Now let's say Joe Tourist walks in to a condotel sales development office to learn how he can buy a little piece of Las Vegas and maybe turn a profit. He … (10 comments)
|
las vegas new construction: Real Wages Determine & Drive These So Called "Undervalued & Overvalued" Reports. How do Unique Markets Fit in the Equation? They don't! - 11/29/06 08:13 AM
I read a "report" on Smartmoney that determined Overvalued and Undervalued Homes in 152 Markets.I go insane over these statistics when in reality the Las Vegas Market is quite unique - as many other sunbelt markets are! They based their statistics on: When home prices outrun wages, real estate becomes overvalued; … (22 comments)
|
las vegas new construction: HUD Cracking Down on use of Builder's Preferred Lender? - 11/27/06 10:10 AM
I am curious if this is a nationwide epidemic or something just region specific?
Is HUD finally cracking down on builder's tying incentives (upgrades, freebies, closing costs paid, price fluctuations, house payment paid for one year) to their preferred lenders?
A collegue, Tom Burris, posted this article in a forum about a week … (25 comments)
|
;)
Links;)
Archives
