Good Sunday Morning-

I have been showing a lot of homes at Siena in Summerlin, an Active Adult Community, where we live, in the Las Vegas Valley.  An interesting phenomenon is taking place here as there are only 63 active listings available FOR SALE. As you read through this e-mail, feel free to click on the links to see the properties and websites that more clearly define my content.

As of the time I'm writing this e-mail, there are 5 Town homes on the market, priced from $132,000 to $288,000, and 58 Single Family Homes that are priced from $169,000 to $1,160,000.

Unlike many parts of the Las Vegas Valley the number of properties available in Siena, are about half of what they were last year at this time.  Only 2 of the homes are defined as bank foreclosures, so the Siena  Community is very stable. There are other reasons for this stability. Here are my top 5.

1. It's a great place to live! Many residents tell me that living in Siena  is like living at a resort. The award winning Home Owners Association is one of the most financially sound in the Las Vegas Valley. There are reasonable guidelines for homeowners to follow and the Community Facilities and Grounds are kept in impeccable shape. It makes it a GREAT Living Environment.
2. Siena is located in Summerlin! A Master Planned Community located about 13 miles West of the Las Vegas Strip. The proximity to all the services needed to sustain life are within minutes of Siena  including the main travel arteries that make it easy to travel through the Las Vegas Valley.
3. There are a wide range of properties to choose from, priced from $132,000 to $1,160,000. That serves a wide range of buyers that can invest to the level that they are comfortable with.
4. Beginning on January 1, of this year, 10,000 Baby Boomers began retiring per day in the United States. This will go on for the next 19 years.  Basic math will tell you that some of them will migrate here from all over the country on a full or part time basis. The fact that Siena is totally built out to 2200 households means that demand will eventually go up, creating even more stability.
5. Nevada is a Tax Friendly State and I don't need to say more about that.

To illustrate what one of the 26 home plans look like, I just happen to have a still active listing left that is located at 4401 Palloni Ct. Las Vegas, NV. 89135. This 2200 Square foot 3 Bedroom is full of upgrades and has been barely lived in as the 2 previous owners were here very part time. So it's like new inside!

At 2:00 PM yesterday, we dropped the price to $424,900 which moves the property into a buyer friendly price range. Additionally, some of the practically new furniture can be purchased to furnish the home which makes the property a move in and sit down kind of investment.

If you are interested in any of the Siena  Active Listings or if you are thinking of selling you home in Siena and would like me to perform a market analysis for your home, feel free to call on me at anytime at 702-324-5390.

Dear Reader,

We are currently, it seems, bobbing around on the bottom of the Las Vegas Valley Real Estate Market. One month our average sales price goes up as the number of units sold goes down. The next month, the number of homes units sold goes up while the average price goes down.

In a recent article, written by Hubble Smith at the Las Vegas Review Journal, we are told Economic Indicators are flat in Las Vegas compared to the rest of the nation, which is moving up. I don't know about you, but I'll take flat for the time being because there are other factors that are beginning to push us along in a positive direction.

As I wrote last month: "As Time Passes, Shadow Inventory will be Sold off to Baby Boomers" The past few weeks really tell a different story. The Baby Boomers are coming and they are buying shadow inventory from investors. They are also investing in regular sales in Active Adult Living Communities.

For example: We live in an Active Adult Community called "Siena in Summerlin". From January through October there were 100 to 130 homes for sale at any given time. In November the numbers dropped into the high 90's. December and January it dropped into the 80's. In February it went into the 70's and as of the time I'm writing this e-mail, there are just 63 active listings in Siena. So as we look at the overall market as being weak, there are pockets of Active Adult Communities that are in a good selling mode, which is good news for home buyers and sellers in those communities. Don't forget: As Inventory goes down and demand goes up, the prices will follow.

Another interesting little note is that 51% of the homes that were purchased last month were paid for in CASH. Over time that will reduce the amount leveraged homes in the valley, which should lead to more stability in our Real Estate Market.

Here are a couple other articles that you should read:

Las Vegas Home Sales Increase in February as Prices Drop

Foreigners Paying Top Dollar for Distressed Commercial Properties

I keep a close eye on this market each day. If you want to see everything I post on a recurring basis, visit and LIKE my Facebook Real Estate Page.

Click here to Visit & Like my Facebook Real Estate Page

If I can be of any help or answer anymore questions, feel free to contact me at 702-324-5390. Have a GREAT week!

Dear Reader,

I would like to introduce you my new and improved website at www.MaryKennedyLasVegas.com.

We have finally developed a web capability that integrates the tools I need to help home buyers and sellers meet their real estate goals in the Las Vegas Valley. Some of the highlights include:

• A new Property Search tool that allows home buyers search by neighborhood, giving sellers the best opportunity to market and sell their property through me.
• In depth neighborhood information that includes new video capabilities.
• Relocation information that cover topics such as Moving to Las Vegas, Las Vegas Lifestyle, Education and Child Care Information for the kids, Home Financing and Insurance information, Employment and Job Listings.
• A FREE PDF download of the 100+page of the Las Vegas Relocation Guide
• Information on Listing Your Home for Sale that sets a template and standard to help us set up a marketing plan for your property.
• Tips on buying Foreclosures and how to help avoid foreclosure by short selling your home.
• Download a Free "Investing in Las Vegas " Powerpoint Presentation.
• My Mary Kennedy Blog and Subscribe button is now be integrated into my website.
• Direct access links to Mary Kennedy, Remax Central Summerlin in Las Vegas, NV and Siena in Summerlin Las Vegas pages on Facebook.

As you can see, we now have just about everything you need on this site to help buy or sell a home in the Las Vegas Valley. The only ingredient left is to connect with me. If you, or anyone that you may know, is considering a move to the Las Vegas Valley or you know of anyone that may want sell their Las Vegas Valley home, feel free to give me a call or forward this e-mail to them. I would appreciate your business and/or your referral.

Make it a GREAT Week!

Since I have been attracting alot of Canadians to my Las Vegas Real Estate links, the number 1 question I get in my first discussion is "Do you have loans available for Canadian Buyers in Las Vegas?"

The Answer is Yes! We can do loans here, for Canadian Buyers. Here are the Options:

1. If you are a Canadian Citizen you can declare your Las Vegas Property you buy as a second home. The down payment would be 35%.

2. If a Canadian Citizen has business dealings in Las Vegas, they may be able to establish permanent residency or there are other future citizen options in play here. The loan for "Second Home" is slightly higher in rate, perhaps mid to upper 5's because of a United States/Canadian Reciprocity Agreement with and the liability to the bank in case they have to retrieve it back.

3. The other possibility is 40% down and do hard money for a year then establish and refinance. (But option 1 looks like a better option because it's 30 years)

Each Buyers situation is different and I'm not that well versed about home financing, but I have experts who are. I just want to let you all know that we do have financing here in Las Vegas for Canadians. If you would like to know more, respond to this blog, or shoot me an e-mail, or give me a call or send me a text and I'll put you in touch with the right person to answer your questions.

Dear Readers,

So far, we have been very busy in 2011. Home prices have pretty much stabilized and have even gone up in some parts of the Las Vegas Valley. You can read more about this phenomenon in an article written by Hubble Smith in the Las Vegas Review Journal entitled:

Parts of the Las Vegas Valley see Home Prices Improve in 2010

So here is my Shadow Inventory Story and I'm sticking to it!

Many are under the impression that we are going to get multitude of homes in the Las Vegas Valley dumped onto the market that fall under the Shadow Inventory category, causing the market to go lower. Not true! Most are under the impression, that this inventory is defined by lenders (Banks and Loan Servicing Companies) that are holding onto foreclosures and not putting them on the market until there is a turn-around. This is not totally true!

Banks and Loan Servicing Companies tend to get these sellable properties off their books as quickly as possible to maintain an acceptable balance sheet. There are other factors that may cause lenders to have to hang onto foreclosed properties such as title issues, illegal sales, loan origination problems, renter conflicts, trashed and destroyed homes. These are issues that make the home unsellable until they are dealt with by the seller.

A good share of the Shadow Inventory that exists out there today is owned by groups of investors who purchased a bulk quantity of sellable homes from a lender because there were so many that came so fast, the lender needed to liquidate them and get the cash. Today, many of these homes have been or are in the process of being cleaned up for resale or rented out to, you guessed it, people who have been foreclosed on or people that have historically lived in apartments. That is a huge market today! As a general rule, these investor groups know that the Return on Investment will be slow, but based on what the low bulk price they purchased these homes for, they should be able to collect enough rent to get them to cash flow for a few years and the demand goes up.

So where is the demand going to come from?? A Theory!

Beginning on January 1^st of this year, 10,000 Baby Boomers per day started retiring in the United States. That will continue for the next 19 years. Many of the homes I have sold, so far, this year have been to Baby Boomers and they are paying cash. You may ask! Why Las Vegas? Most popular answer: LOW Taxes and LOW Home prices. And so the cycle starts again.

Top 5 Informational Links that I think you should know about:

• Baby Boomer Buyers Influence Housing Market
• Cash buyers dominate Las Vegas housing market
• The Medical Experts are Finally Catching Up With Me!
• My New Video Introduction to Summerlin in Las Vegas
• Download My New 100+ Page Las Vegas Relocation Guide

I have more Resource Links below for your reading pleasure!

Make it a GREAT Week!

I would like to invite you to join Siena in Summerlin Las Vegas on Facebook.

This page was created, on the Facebook Social Network for followers (resident or non-resident) that enjoy sharing positive views about living and/or visiting this beautiful Active Adult Community, post content and/or pictures of family or activities that they have participated in, access updated content and posts and learn about great deals available in and around Siena in Summerlin Las Vegas. Examples of content will include links to:

• 2 for 1 discounts at local restaurants.
• Coupons from local businesses.
• Articles on travel and healthy living.
• Articles on Active Adult Living.
• Good deals on the Las Vegas Strip.
• Articles that will be of interest to those who follow the page.
• The Latest Real Estate Listings.

I created this page, as a free community network service, on the Facebook Social Network. In order to gain access, you have to have a FREE Facebook Account. In order to sign up, click here.

Once you are logged in, type Siena in Summerlin Las Vegas in the search area and you will be taken to the community page. If the content is valuable to you, click on the THUMBS UP LIKE button on the page and you will receive updates, on your account page, as they are posted.

I hope you enjoy the beginning of Siena in Summerlin Las Vegas page on Facebook. The value and impact of this page to the Siena in Summerlin Las Vegas Facebook Community and its followers will be established by the creativity of those who participate in a positive way. I look forward to it.

Make it a GREAT Week!

I would like to introduce you to the Best Active Adult Living Community in the Las Vegas Valley. The name of this Community is Siena in Summerlin, a Master Planned Community located 12 miles West of the Las Vegas Strip. Siena also happens to be the Community that John & I have lived in for the past 9 years.

Now, you may think I'm being biased. I am! I show and sell Real Estate all over the Las Vegas Valley and here's why Siena stands out against the other Active Adult Living Communities.

• Home prices run from around $120,000 for a townhome up to $1.1 million for a single family property. A wide price range to pick from.
• The Community, Health & Fitness Centers are among the best in the valley with lots of activities for all residents.
• The location is just about perfect with easy access to shopping and main thoroughfares that easily take you around the valley.
• The Community is built around Siena Golf Club, one of the highest rated golf courses in the Las Vegas Valley.
• The grounds, buildings and homes are outstanding and well maintained based on guidelines of a financially sound Home Owners Association. It's truly like living in a Resort.

There are currently 88 homes (4% of the total) that are for sale in the Siena Community. Here are the current listings for Siena.

I would like to "Help You Find Your Way Home in the Las Vegas Valley". Please call me if I can help!

If you currently living in Siena and are considering selling your home, please fill out this form and I will, send you what I think your home is worth, in strict confidence, without calling you. After receiving my information, I'll leave it up to you to call me if you are interested in discussing further.

Make it a GREAT Week!

First off! John & I would like to wish you all a Happy New Year for 2011.We are already beginning to see an improvement in the economy reflected in the article this week by Buck Wargo in the Las Vegas Sun.

Report: Economy to see slight improvements through 2012

Another good sign is the amount of calls that we receiving from Baby Boomers, who we have been sending information to during the past 5 years, that have made appointments and are ready to come out and purchase a property.

Beginning yesterday, 10,000 Baby Boomers will begin retiring each day over the next 19 years in the United States. Nevada's tax friendly environment and excellent climate combined with home prices that are down to 2002-03 levels will make the Las Vegas Valley an attractive place to live on a part time or full time basis.

For more information, visit my Las Vegas Active Adult Living page at MaryKennedyLasVegas.com and if you want me to send you resource information on "How to Select the Best Retirement Community for You", just let me know and I'll drop you an e-mail with a PDF attachment.

As always, I appreciate your support in reading this e-newsletter during the past year. Many of you have passed them along to others that may have an interest in living, working and/or retiring in the Las Vegas Valley and I appreciate it. If there is anything more I can do to help you or others that you know that may be interested, please feel free to contact me at anytime.

There have been some positive changes coming out of the Las Vegas Valley Real Estate Market this past week and I didn't want to wait to share the following links with you.

GLVAR housing statistics show home sales, prices up in November

Report: Las Vegas economy gets sunnier

I'm not going to tell you that everything is going to rosy from here on out, but I will say that I haven't see headlines like this since the end of 2005.

Here is a link to my latest listings on Realtor.com. I just listed a couple of foreclosed side by side 1 acre lots located a mile East of Lone Mountain and Hwy 215 for $110,000. Other lots in the area are priced at $88,000 to $99,000 per half acre. So if you wanted to subdivide and develop one or both lots you would realize quite a savings at $55,000 per half acre and the bank that owns them would like to write the loan to build homes on them.

As you know we have moved into the age of Social Networking and have established a Mary Kennedy, Remax Central Summerlin in Las Vegas, NV page on Facebook.com Each day, we post links that will keep you updated on the Las Vegas Valley Real Estate Market. To receive periodic updates just click on the "LIKE" link on the page and our updates will migrate to your Facebook page as they are posted.

As always if I can help you with additional information on any Las Vegas Valley property, please feel free to contact me at anytime.

It sure is interesting what mid-term elections can do to begin to change your outlook on life here in the good old USA. A lot of political items need to be settled before the first of the year, but I'm keeping the faith that all will go in the right direction by then. But I do have one question:

"If the Bush Tax Cuts aren't extended or compromised on by the end of 2010, do we change the name to the Obama Tax Increase beginning to 2011?"

Please send your feedback and encouragement to your United States Senator and/or your United States Congressman.

Now, I encourage you to be polite and respectful. No matter what side of the aisle you sit on, I just think that these folks really need to hear from us now, more than ever. They also need to know that we are watching what's going on. I have no agenda other than I just want them to do what the people want.

Mary Kennedy, Remax Central Summerlin in Las Vegas, NV on Facebook

I have some better news to share with you about Las Vegas Valley Real Estate.

1. First, Las Vegas Valley unemployment rate dropped for the first time in 5 years.
2. Nevada's Gaming Revenue officially went up in September.
3. Even better, our traffic at McCarron Airport increased in October.
4. Our Real Estate prices are stabilizing and even moving up in some price ranges.

You can read more about each of the items above by clicking on the link below to visit my Facebook Business Page. If you like what you see click on the LIKE link below the article and receive periodic updates through Facebook as they are posted.

Mary Kennedy, Remax Central Summerlin in Las Vegas, NV on Facebook.

Now for the really good news:

I've always thought that in order for the Las Vegas Valley to make it in the long term, we would have to diversify our business base to be less dependent on gaming. That's been slowly happening since we moved here in 2002. It looks like more diversification is not too far off. Check out the recent news links below.

Nationally

Construction Market to Increase 8% in 2011, Says McGraw-Hill Construction Outlook Report

Locally

Job picture improves in Nevada, Las Vegas

Business Diversification (Thank you California!)

Veterans Affairs call center to bring 400 jobs to Las Vegas

Zappos views Las Vegas City Hall as perfect fit for new headquarters

For Veterans of our Armed Forces

Progress continues on Veterans Affairs hospital.: Project opening in 2012 will serve military personnel from parts of five states

Mary Kennedy, Remax Central Summerlin in Las Vegas, NV on Facebook.

I know that I harp, just a little on this! With the friendly tax climate in Nevada, along with future job opportunities, the climate and that Baby Boomers will start retiring in mass starting in 2011, you really need to takes a closer look at what this area has to offer. Soon!

If you have any questions, feel free to contact me at anytime. I would be happy to send you some properties to see and help you find your way home in the Las Vegas Valley.