las vegas short sales: Charleston Heights - 103 Homes For Sale Under $100K & Some Have Pools! - 12/13/08 01:32 PM

As I was cutting into my mountain of BPOs here is something I noticed today = there are 103 homes for sale in Charleston Heights for under $100K - lots of them are foreclosures!!!!!!!

Imagine owning your own home for less than the price of rent. Yes, some of them even have pools.  These homes are excellent for any type of buyer from a first time buyer to an investor! (Rental income possibilities are VERY lucrative!)

Charleston Heights is located up the Western 95 Freeway Corridor between the streets of Decatur and Buffalo.
Sorry the street scenes aren't all … (7 comments)

las vegas short sales: Las Vegas, NV Area Short Sale November 2008 Inventory Update: Seems Hopeless Sometimes! - 12/11/08 11:28 AM

The absorption rate for Las Vegas Valley Area Short Sales went up slightly for November 2008.  Absorption still remains high and just slightly above the 2 year mark.  Inventory has risen at a slower pace than normal (+52 units).  Pending units has also decreased by -120 units.    Solds have  decreased by -51 units. 
There are many reasons for the lack of closings in this market and it is outlined in this post. 
Short Sale Synopsis:
Listings 12/11/2008: 6742 Pending 12/11/2008: 2078 Closed November 2008: 247 Month's Inventory: 27.3 (=2.3 Years Inventory.) Short Sales Currently Account for:
31% of All Las Vegas Valley Listings 9.7% of All Las Vegas Valley Sales One thing you really need to … (7 comments)

las vegas short sales: Las Vegas, NV Area November 2008 Area Pendings Report: Absorption Up Slightly - 12/11/08 10:57 AM

The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year!  Absorption for December 2008 is a healthy 8.6 months of inventory (compare it to 22.5 months inventory in Nov/Dec 2007!)  Be warned, the market as a whole is considered a "neutral market" ~ not a buyer's market, not a seller's market.  Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm! 
Here is a snapshot of valley listings:
(Nov/Dec 2007)  All SFR, Townhome, Condo Listings:
Listings (12/9/2007):  25691 Under Contract (12/9/2007):  2304 … (0 comments)

las vegas short sales: Economic Conditions for the Las Vegas Valley November 2008 - 12/09/08 04:34 AM
Economic Conditions for the Las Vegas Valley October 2008
 Housing Conditions:
Foreclosure/Short Sale Listings (12/9/2008): Total Listings 21,550; Short Sales: 6695, 31.1% of all listings; Bank Owned Listings: 7662, 35.6% of all listings. Short sale and REO listings consume 66.6% of total listings New Home Sales (October 2008, units sold): 798 Year Change -31.8% (excl condo conversions, highrises) New Home Sales (October 2008, median price): $244,086 Year Change -18.1% (excl condo conversions, highrises) Existing Home Sales (October 2008, units sold): 3140 Year Change +105.4% Existing Home Sales (October 2008, median price): $180,000 Year Change: -30.6% New Home Permits (October 2008): 329 Year Change +82.1% Rental … (0 comments)

las vegas short sales: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated November 29, 2008 - 11/29/08 03:54 AM



This Rhodes Ranch Area resale market report was generated on November 29, 2008: 
Active Listings: 459 Under Contract: 161 Sold 10/21-11/21/2008:  84 Months Inventory: 5.5 Low:  $70,000; High:  $3,490,000; Median:  $190,000(listing prices only)
Rental Market Report generated on November 29, 2008:
Active Listings: 108Under Contract: 18 Leased 10/21/-11/21/2008:  53 Months Inventory:  2.0 Median List Price for an area rental:  $1300/month, Low:  $700, High:  $4500
Note:  The resale market is losing steam and swinging back into a balanced market.  The rental market is still a strong landlord's market.
How to read my market reports (definitions and terms!)
Last Market Report Generated November 14, 2008
Price Trend Graphs, Most … (6 comments)

las vegas short sales: Las Vegas, NV Area Short Sale October 2008 Inventory Update: Still bad but stable 3 months in a row! - 11/28/08 06:59 AM

The absorption rate for Las Vegas Valley Area Short Sales remains stable for Sept/Oct 2008.  Absorption still remains high and just slightly under the 2 year mark.  Inventory has risen at a slower pace than normal (+207 units).  Pending units has also risen by +110 units.    Solds have  increased by +15 units.  No changes as pending and list prices for last month's report were pulled a month late and on the same date as this report.
There are many reasons for the lack of closings in this market and it is outlined in this post. 
Short Sale Synopsis:
Listings 11/14/2008: 6690 Pending 11/14/2008: 2198 Closed 8/28-9/28/2008: 298 Month's Inventory: 22.4 (=1.87 Years … (2 comments)

las vegas short sales: Mountain's Edge October 2008 Market Report - 11/24/08 01:53 AM

Mountain's Edge October 2008 Real Estate Resale Market Report:
Listings (11/14/2008):  328 Under Contract (11/14/2008):  125 Sold October 2008:  46 Month's Inventory:  7.1 Absorption is in line with the entire Las Vegas Valley which is 6.9 months.  This is the first monthly real estate report for Mountain's Edge so there are no "last month comparison."
Mountain's Edge is a newer community so many of the listings are short sales or bank owned.
If you are thinking about buying, renting or selling a Mountain's Edge Home Please Call:  702-966-2494:
Option 1 if you are a Buyer wanting to purchase Mountain's Edge Property. (Varieties range from bank … (3 comments)

las vegas short sales: The Burrows Breakdown: Las Vegas Area Rent, Buy or Invest? 11/19/2008 Weekly Edition - 11/19/08 04:33 AM
Las Vegas, NV Area First Time Buyers to All Cash Investors:  Does it Make Sense to Buy a Home Right Now?
Can you own for less than renting?  Can you own a rental and see a decent monthly return on your investment?
Weekly feature w/ 4 homes in different areas of the valley designed to help people from first time buyers to all cash investors to see if the numbers make sense!
Address:  7856 Soda Canyon
Features:  SW Las Vegas:  2 Car Garage, 3 Bedrooms Price: $124000 Rental Comps:  $1100-1200* Estimated FHA Monthly Payment:  $1082** Address: 2104 Lost Maple
Features: East Las … (11 comments)

las vegas short sales: Las Vegas, NV Area Short Sale September 2008 Inventory Update: Absorption Remaining Stable! - 11/15/08 11:21 AM

The absorption rate for Las Vegas Valley Area Short Sales remains stable for August/Sept 2008.  Absorption still remains high and just slightly under the 2 year mark.  Inventory has risen at a slower pace than normal (+207 units).  Pending units has also risen by +110 units.    Solds have  increased by +15 units. 
There are many reasons for the lack of closings in this market and it is outlined in this post. 
Short Sale Synopsis:
Listings 11/14/2008: 6690 Pending 11/14/2008: 2198 Closed 8/28-9/28/2008: 298 Month's Inventory: 22.4 (=1.87 Years Inventory.) One thing you really need to consider when buying or selling short is to make sure the list agent is EXPERIENCED in … (7 comments)

las vegas short sales: Economic Conditions for the Las Vegas Valley October 2008 - 11/14/08 01:39 AM
Economic Conditions for the Las Vegas Valley September 2008
 
Housing Conditions:
Foreclosure/Short Sale Listings (11/13/2008): Total Listings 21,546; Short Sales: 6685, 31% of all listings; Bank Owned Listings: 7259, 34% of all listings. Short sale and REO listings consume 64.7% of total listings New Home Sales (September 2008, units sold): 906 Year Change -21.4% (excl condo conversions, highrises) New Home Sales (September 2008, median price): $249,287 Year Change -18.2% (excl condo conversions, highrises) Existing Home Sales (September 2008, units sold): 3125 Year Change +102.4% Existing Home Sales (September 2008, median price): $189000 Year Change: -28% New Home Permits (September 2008): 461 Year Change +25.6% … (7 comments)

las vegas short sales: Las Vegas, NV Area Short Sale August 2008 Inventory Update: Absorption Dips Slightly Again! - 10/07/08 11:24 AM

The absorption rate for Las Vegas Valley Area Short Sales had a slight dip in July/August 2008.  Absorption still remains high and just slightly under the 2 year mark.  Inventory has risen at a slower pace than normal (+184 units).  Pending units has also risen dropped by -154 units.    Solds have  increased by +50 units. 
There are many reasons for the lack of closings in this market and it is outlined in this post. 
Short Sale Synopsis:
Listings 10/5/2008: 6483 Pending 10/5/2008: 2088 Closed 7/27-8/27/2008: 283 Month's Inventory: 22.9 (=1.9 Years Inventory.) One thing you really need to consider when buying or selling short is to make … (0 comments)

las vegas short sales: Las Vegas NV Valley Economic Conditions September 2008 - 09/22/08 03:40 AM
Economic Conditions for the Las Vegas Valley July 2008
 
Housing Conditions:
Foreclosure/Short Sale Listings (9/22/2008): Total Listings 20,515; Short Sales: 6473, 31.6% of all listings; Bank Owned Listings: 5699, 27.8% of all listings. Short sale and REO listings consume 59.3% of total listings New Home Sales (July 2008, units sold): 645 Year Change -48.7% (excl condo conversions, highrises) New Home Sales (July 2008, median price): $259,763 Year Change -17.4% (excl condo conversions, highrises) Existing Home Sales (July 2008, units sold): 3169 Year Change +50.8% Existing Home Sales (July 2008, median price): $210000 Year Change: -24.5% New Home Permits (July 2008): 1037 Year Change +20.7% … (11 comments)

las vegas short sales: Las Vegas, NV Short Sale August 2008 Inventory Update: Slight Dip in Absorption, Still High! - 08/17/08 06:19 AM

The absorption rate for Las Vegas Short Sales had a slight dip in July/August 2008.  Absorption still remains high and above the 2 year mark.  Inventory has risen dramatically (+510 units).  Pending units has also risen dramatically by +142 units.  Many under contract are no where near bank approval.  Solds have  increased by +53 units.  Maybe the banks are finally getting their act together to get these approved!
There are many reasons for the lack of closings in this market and it is outlined in this post. 
Short Sale Synopsis:
Listings 8/16/2008: 6299 Pending 8/16/2008: 2242 Closed 6/26-7/26/2008: 233 Month's Inventory: 27 (=2.3 Years … (0 comments)

las vegas short sales: Las Vegas Listings: Updated List w/ New Prices! - 08/11/08 10:57 AM
Bank Owned in Mountain's Edge!Location: Mesa at Mountain's EdgeOpen Floorplan with lots of natural light from abundant windows! Large Loft! To view the virtual tour or floorplan go to: www.ReneeBurrows.com/7149FeaturesBedrooms: 3Bathrooms: 3Year Built: 2006Subdivision: Mesa at Mountain's EdgeLot Size: 3485Garage Size: 2School District: Clark CountySquare Footage: 2233Agent Name: Renee BurrowsBroker: Nevada Realty SolutionsMLS #: 775042InformationContact Information Renee Burrows702-966-2494Contact Reply FormForward to a FriendView Other FlyersPricingAsking Price: $224,900.00Property Location7149 Cabarita AvenueLas Vegas, NV 89178View MapLinksShort SalesForeclosuresLas Vegas High RiseLas Vegas Home RentalsMore Info on This House AttributesInterior AmenitiesVaulted CeilingsExterior AmenitiesPatioFenced YardPowered by vFlyer.com EQUAL HOUSING OPPORTUNITYVFLYER ID: 1399988 Bank Owned in the … (5 comments)

las vegas short sales: Economic Conditions for the Las Vegas Valley July 2008 - 07/25/08 07:48 AM
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 Change -44.7% (excl condo conversions, highrises) New Home Sales (June 2008, median price): $258,990 Year Change -17.6% (excl condo conversions, highrises) Existing Home Sales (June 2008, units sold): 2731 Year Change +12.8% Existing Home Sales (June 2008, median price): $218000 Year Change: -22.1% New Home Permits (June 2008): 884 Year Change -34.4% … (0 comments)

las vegas short sales: Las Vegas, NV Short Sale July 2008 Inventory Update: Absorption Stable BUT Still 2.7 Years - 07/07/08 01:36 PM
The absorption rate for Las Vegas Short Sales has remained stable from April - June 2008.  Inventory has risen dramatically (+272 units).  Pending units has also risen dramatically by +192 units.  This is because the MLS board is REQUIRING agents to change status with an offer and make it contingent on bank approval.  Many under contract are no where near bank approval.  Solds have remained stable and increased by +8 units.  Maybe the banks are finally getting their act together to get these approved!
There are many reasons for the lack of closings in this market and it is outlined in this post. 
(0 comments)

las vegas short sales: Economic Conditions for the Las Vegas Valley June 2008 - 07/07/08 01:13 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 Change -45.7% (excl condo conversions, highrises) New Home Sales (May 2008, median price): $258,888 Year Change -16.5% (excl condo conversions, highrises) Existing Home Sales (May 2008, units sold): 2606 Year Change +0.7% Existing Home Sales (May 2008, median price): $225,000 Year Change: -19.1% New Home Permits (May 2008): 740 Year Change -57.1% … (0 comments)

las vegas short sales: Economic Conditions for the Las Vegas Valley May 2008 - 06/12/08 11:31 AM
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 Change -35.5% (excl condo conversions, highrises) New Home Sales (April 2008, median price): $255,615 Year Change -18.3% (excl condo conversions, highrises) Existing Home Sales (April 2008, units sold): 2247 Year Change -4.5% Existing Home Sales (April 2008, median price): $230,000 Year Change: -19.3% New Home Permits (April 2008): 711 Year Change -60.6% … (2 comments)

las vegas short sales: Las Vegas, NV June 2008 Short Sale Inventory Update: 2.7 Years - 06/03/08 01:13 PM

The absorption rate for Las Vegas Short Sales has dropped by 1/2 year from April to May 2008.  Inventory has risen dramatically (+284 units).  Pending units has also risen dramatically by +291 units.  This is because the MLS board is REQUIRING agents to change status with an offer and make it contingent on bank approval.  Many under contract are no where near bank approval.  Solds have increased nicely by +35 units.  Maybe the banks are finally getting their act together to get these approved!
There are many reasons for the lack of closings in this market and it is outlined in this … (0 comments)

las vegas short sales: Las Vegas, NV Short Sale April 2008 Inventory Update: Absorption Dropped Slightly, 3.2 YEARS. - 05/05/08 06:30 AM

The absorption rate for Las Vegas Short Sales has dropped by 1 year from March - April 2008.  Inventory has risen dramatically (+513 units).  Pending units has also risen dramatically by +841 units.  This is because the MLS board is REQUIRING agents to change status with an offer and make it contingent on bank approval.  Many under contract are no where near bank approval.  Solds have increased nicely by +47 units.  Maybe the banks are finally getting their act together to get these approved!
There are many reasons for the lack of closings in this market and it is outlined in this post. 
Short Sale … (0 comments)

 
Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix)

Renée Donohue~Home Photography

Western Michigan Real Estate Photographer

Allegan, MI

More about me…

Savvy Home Pix

Address: 3849 Monroe Rd, Allegan, MI, 49010

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