Las Vegas Real Estate >> Las Vegas and Henderson Real Estate Blog

North Las Vegas Real Estate Trends

East Las Vegas Real Estate Trends

Central Las Vegas Real Estate Trends

Northwest Las Vegas Real Estate Trends

"Twitter's of no value to REALTORS®". Really? Try this.

CityCenter: Big Edge

Southwest Las Vegas Real Estate Trends

Henderson Nevada Real Estate Trends

Sun City Anthem - November 2009 real estate report

North Las Vegas Real Estate - November, 2009 Market Statistics

Henderson Nevada Real Estate - November, 2009 Market Statistics

Las Vegas Real Estate - November, 2009 Market Statistics

Name That Photo: 12-03-09

CityCenter: Vdara Condo Hotel Opens Today

North Las Vegas Homes For Sale: Listings by Price Range

East Las Vegas Homes For Sale: Listings by Price Range

Central Las Vegas Homes For Sale: Listings by Price Range

Northwest Las Vegas Homes For Sale: Listings by Price Range

Southwest Las Vegas Homes For Sale: Listings by Price Range

Henderson Homes For Sale: Listings by Price Range

North Las Vegas Home Sales: Financing by Price Range

East Las Vegas Home Sales: Financing by Price Range

Central Las Vegas Home Sales: Financing by Price Range

Northwest Las Vegas Home Sales: Financing by Price Range

Southwest Las Vegas Home Sales: Financing by Price Range

Mon, 07 Dec 2009 01:29:53 -0600

Through November of 2009, there have been a total of 8,381 homes sold in North Las Vegas. This area is north of Charleston Boulevard, east of Rancho Road, and west of the I-15 freeway, and includes most of the city of North Las Vegas. The median sale was a 3-bedroom, 1841 square foot home with a selling price of $130,000.

Here's a quick look at price, volume and financing trends in the North Las Vegas real estate market.

To find out more about buying or selling real estate in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.)

Mon, 07 Dec 2009 01:12:44 -0600

Through November of 2009, there have been a total of 5,873 homes sold in east Las Vegas. This area is east of Boulder Highway and the I-15 freeway, and north of Russel Road. The median sale was a 3-bedroom, 1370 square foot home with a selling price of $70,000.

Here's a quick look at price, volume and financing trends in the east Las Vegas real estate market.

To find out more about buying or selling real estate in east Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 201-204.)

Mon, 07 Dec 2009 00:53:15 -0600

Through November of 2009, there have been a total of 5,088 homes sold in central Las Vegas. This area lies east of the I-15 freeway, west of Boulder Highway, and generally between Sunset Road and Charleston Boulevard. The median sale was a 3-bedroom, 1445 square foot home with a selling price of $116,063.

Here's a quick look at price, volume and financing trends in the central Las Vegas real estate market.

To find out more about buying or selling real estate in central Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 301-303.)

Mon, 07 Dec 2009 00:33:37 -0600

Through November of 2009, there have been a total of 7,550 homes sold in northwest Las Vegas. This area includes everything west of Rancho Drive and north of Charleston Boulevard. The median sale was a 3-bedroom, 1562 square foot home with a selling price of $117,000.

Here's a quick look at price, volume and financing trends in the northwest Las Vegas real estate market.

To find out more about buying or selling real estate in northwest Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 401-405.)

Sun, 06 Dec 2009 23:19:15 -0600

As we build our online marketing plan, it's important to remember that social media can be a very effective listening tool as well as a means of getting our message out. In his post, Ian Greenleigh shares how Twitter can be used to research and listen for specific keywords.

For more innovative ways that real estate agents can market their properties, check out DriveBuy Technologies. a solution that uses text messaging to deliver home info to potential buyers.

Via Ian S. Greenleigh (DriveBuy Technologies):

It sounds like an odd thing to say, but in a way, Twitter is a lot like real estate itself in two ways:

Many will try; fewer will "succeed" (and will give up prematurely).

The relative few are lowering the reputation of both.

The fact that most agents and offices do not use twitter as productively as they should does not therefore imply that it is a waste of time! Such logic would lead us to believe that practicing real estate in the first place is of no professional value.

I am willing to bet that the rabble-rousing Twitter malcontents, and even those who understandably see no value in Twitter, have not seen it used in the way I am about to demonstrate. I have written about this before, but it didn't get much traction apparently, and I feel that few took note. Keep in mind that this is one of the easier ways to show just one way that Twitter can aide in effective REALTOR® marketing, but it is by no means the only way. I'll also add that I received the following results on my first try yesterday.

Before I show you, I'd like to invite you to try something similar in your own community and then to share the following with us here in the comments section:

Your search results. Were they impressive? Totally lame? Were you surprised?

Have you ever considered or been shown this technique before?

Your strategies about how to approach these prospective clients! On this point, I'd particularly like your thoughts. I have my ideas, but I'd love others!

Does this in any way change your mind about the value of Twitter to REALTORS®? And by extension, why do you think this technique isn't often discussed around the RE.net?

Whatever else you think is germane to the conversation!

Without further ado, Twitter's Prospecting Power!

Step 1: In my browser, I went to search.twitter.com

Step 2: I entered the following into the search box exactly as pictured (making sure "OR" is capitalized):

Step 3: You guessed it, click search.

Results: I've taken the liberty of blurring out the handles and including only relevant results.

From page one:

From page two:

From page three:

I could keep going, but I'm sure you get the point!

Good luck in your Twitter endeavors, and please share your answers to the questions posed above.

Ian S. Greenleigh, Director - Sales & New Media, DriveBuy Technologies

Sun, 06 Dec 2009 22:17:55 -0600

In addition to its stunning architecture, CityCenter also provides many pieces of public art in the CityCenter Fine Arts Collection. Artist Nancy Rubins offers "Big Edge", a sculpture of canoes, kayaks and rowboats designed to evoke "a blooming flower." The piece is located in front of Vdara.

The tall building directly behind Big Edge is the ARIA Resort & Casino. The blue glass structure to the left is The Harmon Hotel.

Sun, 06 Dec 2009 00:25:52 -0600

Through November of 2009, there have been a total of 9,688 homes sold in southwest Las Vegas. This area is roughly everything west of the I-15 freeway and south of Charleston Boulevard. The median sale was a 3-bedroom, 1746 square foot home with a selling price of $154,000.

Here's a quick look at price, volume and financing trends in the southwest Las Vegas real estate market.

To find out more about buying or selling real estate in southwest Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 501-505.)

Sun, 06 Dec 2009 00:09:56 -0600

Through November of 2009, there have been a total of 5,388 homes sold in Henderson Nevada. The median sale was a 3-bedroom, 1802 square foot home with a selling price of $184,900. The median selling price for a single-family home rebounded in November, rising to $204,000.

Here's a quick look at price, volume and financing trends in the Henderson real estate market.

To find out more about buying or selling real estate in Henderson Nevada, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 601-606.)

Sat, 05 Dec 2009 01:22:40 -0600

Sun City Anthem is an age-restricted community of one-story homes, from 1,080 to over 4,000 square feet, built from 1999 to 2008. For more information, or to buy or sell a home in Sun City Anthem, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

Sales Activity from Nov 1 - 30, 2009:
Homes Sold:	22
Median Price:	$212,500
Average DOM:	57

Existing Inventory:
Homes for Sale:	134
Price Range:	$159,000 - $1,299,000
Under Contract:	67

Here are the details of the November, 2009 sales for homes in Sun City Anthem:

Address	Sq Ft	Bed/Bath	List Price	Sale Price	DOM	Notes
2151 Fort Halifax	2826	2/3	$579,000	$530,000	33
2929 Olivia Heights	3172	2/3	$524,900	$505,000	16	Short sale
1879 Redwood Valley	2446	3/3	$425,000	$410,000	7

2301 Fayetteville	2592	2/3	$364,500	$350,000	4
2083 Echo Park	2096	2/2	$325,000	$300,000	27
2317 Ozark Plateau	2012	2/2	$299,999	$285,000	37

2372 Weaverville	1836	2/2	$289,455	$277,000	27
2135 Idaho Falls	2401	2/2	$299,999	$275,000	123
2313 Rosendale Village	2190	3/2	$279,900	$260,050	10	Short sale

2878 Hartwick Pines	1993	2/2	$289,900	$245,000	42
2160 Hanston	1712	2/2	$195,000	$215,000	2	Short sale
1846 Lake Wales	1715	2/2	$229,000	$210,000	84

3025 Monroe Park	1585	2/2	$209,000	$205,000	82
3038 Canal Walk	1482	2/2	$218,000	$202,000	8	Short sale
2081 Sawtooth Mountain	1836	2/2	$225,000	$200,000	370	Short sale

2244 Turner Falls	1836	2/2	$200,000	$197,000	21	Bank owned
2190 Alyssa Jade	1712	2/2	$189,900	$189,900	6	Short sale
2559 Evansville	1524	2/2	$189,000	$170,500	24

2601 Harrisburg	1512	2/2	$179,900	$166,200	60
3044 Monroe Park	1112	1/2	$149,900	$140,000	38	Short sale
3017 Seaford Peak	1160	2/2	$129,900	$127,660	173	Bank owned
2158 Oliver Springs	1160	2/2	$129,900	$126,000	66	Bank owned

(GLVAR deems information reliable but not guaranteed. Properties listed and sold by various MLS participants. Sale Price adjusted for any seller contributions. DOM = Days on Market)

Sat, 05 Dec 2009 00:04:52 -0600

Listed below are the current inventory and November, 2009 statistics for home sales in the North Las Vegas Nevada real estate market. If you have any questions or need more information about real estate in North Las Vegas call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!

Total Homes Available:

1,836 (as of December 4, 2009)

Single-Family: 1,721 (2.1 month supply*)
Condo: 63 (2.7 month supply)
Townhouse: 52 (1.4 month supply)

Total Contingent and Pending Sales:

2,695 (as of December 4, 2009)

Single-Family: 2,501
Condo: 102
Townhouse: 92

November, 2009 Sales:

Single-Family: 710 (Price range: $19,000 - $520,000)
Condo: 43 (Price range: $13,000 - $95,000)
Townhouse: 20 (Price range: $39,000 - $126,000)

Sales per month
	Jun	Jul	Aug	Sep	Oct	Nov
Single Family	832	884	740	736	787	710
Condominium	28	33	19	24	18	43
Townhouse	27	29	23	26	31	20

Median Selling Price:

Single-Family: $130,000
Condo: $56,430
Townhouse: $88,250

Median price by month
	Jun	Jul	Aug	Sep	Oct	Nov
Single Family	$127,605	$125,000	$126,000	$130,000	$125,000	$130,000
Condominium	$54,950	$53,000	$64,000	$57,750	$54,251	$56,430
Townhouse	$90,000	$93,000	$75,000	$85,150	$75,100	$88,250

Average Days on Market:

Single-Family: 48
Condo: 40
Townhouse: 53

GLVAR deems information reliable but not guaranteed. Information is for MLS areas 101-103.
* - Supply = Homes Available/November Sales

Previous reports:

     North Las Vegas Real Estate - October, 2009 Market Statistics
     North Las Vegas Real Estate - September, 2009 Market Statistics
     North Las Vegas Real Estate - August, 2009 Market Statistics
     North Las Vegas Real Estate - July, 2009 Market Statistics

See also:

     North Las Vegas, Nevada - Demographics
     North Las Vegas, Nevada - Fast Facts

Fri, 04 Dec 2009 22:36:31 -0600

Sales activity in the Henderson Nevada real estate market for November, 2009 and current Henderson real estate inventory is summarized below. If you have any questions or need more information about real estate in Henderson Nevada call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!

Total Homes Available:

1,815 (as of December 4, 2009)

Single-Family: 1,518 (3.8 month supply*)
Condo: 171 (3.9 month supply)
Townhouse: 126 (2.5 month supply)

Total Contingent and Pending Sales:

1,883 (as of December 4, 2009)

Single-Family: 1,489
Condo: 216
Townhouse: 178

November, 2009 Sales:

Single-Family: 398 (Price range: $38,000 - $2,095,000)
Condo: 44 (Price range: $29,000 - $352,000)
Townhouse: 50 (Price range: $40,500 - $295,270)

Sales per month
	Jun	Jul	Aug	Sep	Oct	Nov
Single Family	499	478	404	422	447	398
Condominium	79	73	69	63	67	44
Townhouse	49	57	37	52	61	50

Median Selling Price:

Single-Family: $204,000
Condo: $71,500
Townhouse: $104,500

Median price by month
	Jun	Jul	Aug	Sep	Oct	Nov
Single Family	$200,000	$195,000	$205,000	$197,326	$188,000	$204,000
Condominium	$80,000	$70,000	$75,000	$74,000	$74,500	$71,500
Townhouse	$108,000	$109,000	$98,000	$104,000	$104,000	$104,500

Average Days on Market:

Single-Family: 50
Condo: 53
Townhouse: 47

GLVAR deems information reliable but not guaranteed. Information is for MLS areas 601-606.
* - Supply = Homes Available/November Sales

Neighborhood reports - 3rd quarter, 2009:

Anthem Country Club	Inspiration at Green Valley Ranch
Anthem Highlands	Solera at Anthem
Black Mountain Vistas	South Valley Ranch
Calico Ridge	Southfork
Candle Creek	Sun City Anthem - (Oct)
Clearwater Canyon	Sun City MacDonald Ranch
Coventry at Anthem	Ventana Canyon
Glengarry at Anthem

Previous reports:

     Henderson Nevada Real Estate - October, 2009 Market Statistics
     Henderson Nevada Real Estate - September, 2009 Market Statistics
     Henderson Nevada Real Estate - August, 2009 Market Statistics
     Henderson Nevada Real Estate - July, 2009 Market Statistics


See also:

     Henderson Nevada - Demographics
     Henderson Nevada - Fast Facts

Fri, 04 Dec 2009 22:04:23 -0600

Sales activity in the Las Vegas real estate market for November, 2009 and current Las Vegas real estate inventory is summarized below. If you have any questions or need more information about real estate in Las Vegas, call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!

Total Homes Available:

6,665 (as of December 4, 2009)

Single-Family: 5,181 (2.7 month supply*)
Condo: 1,009 (2.5 month supply)
Townhouse: 475 (3.1 month supply)

Total Contingent and Pending Sales:

9,485 (as of December 4, 2009)

Single-Family: 7,357
Condo: 1,596
Townhouse: 532

November, 2009 Sales:

Single-Family: 1,931 (Price range: $18,000 - $2,255,000)
Condo: 405 (Price range: $18,000 - $700,000)
Townhouse: 153 (Price range: $19,500 - $360,000)

Sales per month
	Jun	Jul	Aug	Sep	Oct	Nov
Single Family	2348	2281	2012	2089	2224	1931
Condominium	522	471	451	494	478	405
Townhouse	197	188	195	183	191	153

Median Selling Price:

Single-Family: $134,000
Condo: $65,000
Townhouse: $76,000

Median price by month
	Jun	Jul	Aug	Sep	Oct	Nov
Single Family	$132,000	$132,000	$130,000	$130,000	$133,950	$134,000
Condominium	$62,500	$62,000	$64,000	$60,000	$62,750	$65,000
Townhouse	$70,000	$72,500	$65,000	$66,000	$75,000	$76,000

Average Days on Market:

Single-Family: 49
Condo: 45
Townhouse: 54

GLVAR deems information reliable but not guaranteed. Information is for MLS areas 201-505.
* - Supply = Homes Available/November Sales

Previous reports:

     Las Vegas Real Estate - October, 2009 Market Statistics
     Las Vegas Real Estate - September, 2009 Market Statistics
     Las Vegas Real Estate - August, 2009 Market Statistics
     Las Vegas Real Estate - July, 2009 Market Statistics

Thu, 03 Dec 2009 00:10:04 -0600

Green, gray, gold, orange and blue. I know what these items are ... do you? You'll find them everywhere in the world, but these particular ones have cultural significance. I won't keep you on edge for long. Check back this weekend for the reveal and more background on this fascinating collection of ...

Tue, 01 Dec 2009 14:04:30 -0600

The Las Vegas Strip enters a new era today with the opening of the Vdara Condo Hotel, part of the $8.5 billion CityCenter development from MGM Mirage.

Looking north to Vdara. The tower to the right is ARIA, scheduled to open December 16.

Designed by RV Architecture, LLC, the 57-story tower features 1,495 suites from 500 to 1,650 square feet; an 18,000 sq ft wellness spa that is a member of the Green Spa Network; a 2,100 sq ft salon and 2,000 sq ft fitness facility; the 40,000 sq ft Sky Pool & Lounge; meeting and conference space; and dining from acclaimed chef Martin Heierling.

Vdara Condo Hotel achieved LEED® Gold certification. The windows are specially coated to reduce heat transfer; the building will save an estimated six million gallons of water per year; and Vdara is home to the world's first fleet of stretch limos powered by compressed natural gas.

A close-up of the Vdara Condo Hotel.

Vdara Condo Hotel is the first component of CityCenter to open. It will be followed by The Crystals on Thursday, December 3; Mandarin Oriental, Las Vegas on Saturday, December 5; ARIA Resort & Casino on December 16; and Veer Towers and The Harmon Hotel in 2010.

Tue, 01 Dec 2009 00:19:55 -0600

Here's a summary of the single-family homes for sale in North Las Vegas. Short sales are responsible for 52.3% of the inventory, while bank owned properties (REOs) equal 22.2%.

To find out more about buying or selling real estate in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.)

Sun, 29 Nov 2009 21:22:23 -0600

Here's a breakdown of the single-family homes for sale in east Las Vegas. Short sales comprise 42.5% of the market, while bank owned properties (REOs) represent 29.2%.

To find out more about buying or selling real estate in east Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 201-204.)

Sun, 29 Nov 2009 14:27:38 -0600

Here's a quick snapshot of the single-family homes for sale in central Las Vegas. Short sales make up 38.8% of the market, while bank owned properties (REOs) account for 22.8%.

To find out more about buying or selling real estate in central Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 301-303.)

Sun, 29 Nov 2009 14:16:01 -0600

Here's a summary of the single-family homes for sale in northwest Las Vegas. Short sales are responsible for 39.6% of the inventory, while bank owned properties (REOs) equal 18.4%.

To find out more about buying or selling real estate in northwest Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 401-405.)

Sun, 29 Nov 2009 14:05:17 -0600

Here's a breakdown of the single-family homes for sale in southwest Las Vegas. Short sales comprise 43.8% of the market, while bank owned properties (REOs) represent 17.4%.

To find out more about buying or selling real estate in southwest Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 501-505.)

Sun, 29 Nov 2009 13:12:36 -0600

Here's a quick snapshot of the single-family homes for sale in Henderson Nevada. Short sales make up 35.2% of the market, while bank owned properties (REOs) account for 16.5%.

To find out more about buying or selling real estate in Henderson Nevada, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 601-606.)

Sat, 28 Nov 2009 13:15:41 -0600

Out of 790 single-family homes sold in North Las Vegas in October, 228 (28.9%) were cash sales. At prices below $100,000 cash accounted for 56.3% of sales, accenting the intense competition that first-time homebuyers face from investors. The higher rate of VA financing can be explained by the proximity of Nellis Air Force Base.

To find out more about buying or selling real estate in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.)

Fri, 27 Nov 2009 20:31:01 -0600

Out of 485 single-family homes sold in east Las Vegas in October, 246 (50.7%) were cash sales. Cash was preferred even more at prices below $100,000 emphasizing the intense competition that first-time homebuyers face from investors.

To find out more about buying or selling real estate in east Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 201-204.)

Fri, 27 Nov 2009 14:55:34 -0600

Out of 352 single-family homes sold in central Las Vegas in October, 124 (35.2%) were cash sales. Cash was even more prevalent at prices below $100,000 highlighting the intense competition that first-time homebuyers face from investors.

To find out more about buying or selling real estate in central Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 301-303.)

Fri, 27 Nov 2009 13:49:36 -0600

Out of 588 single-family homes sold in northwest Las Vegas in October, 206 (35.0%) were cash sales. At prices below $100,000 cash accounted for 58.2% of sales, accenting the intense competition that first-time homebuyers face from investors.

To find out more about buying or selling real estate in northwest Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 401-405.)

Single Family

Condominium

Fri, 27 Nov 2009 13:24:33 -0600

Out of 807 single-family homes sold in southwest Las Vegas in October, 248 (30.7%) were cash sales. Cash was preferred far more at prices below $100,000 emphasizing the intense competition that first-time homebuyers face from investors.

To find out more about buying or selling real estate in southwest Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 501-505.)