Mesquite Market

Tags: Aquifers in Trouble, farm land with water rights, investing in water rights, land for sale with water rights, nevada ranch water rights, nevada water rights, nevada water rights for sale, Over Drafted Aquifers, ranch propery with water rights, water, water rights, water rights for sale

Ranch Land in Nevada

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Sat, 21 Nov 2009 17:59:32 -0600

Nevada Ranches and Farms, in general own their water rights. These water rights are sold as an appurtenance to the land.

Land in Nevada without water can be desolate. Most every Nevada Ranch and Farm has water rights. For more information on Nevada water rights the Nevada State Engineers office is your best bet. The State Engineers office regulates and controls water rights in Nevada.

Water rights being sold with Nevada farms and ranches may be for irrigation, livestock watering, or domestic use. It may come from live springs, artesian wells or be pumped ground water. Regardless the use or source, they must have have water rights to utilize that water. Some Nevada ranches own water rights located on public lands and have BLM grazing leases.

A single household can use a domestic well without any special rights. Nevada ranch property and farms need certified water rights.

Water in Nevada is scarce, a valuable resource to be protected and managed. Fresh water around the world is becoming a coveted commodity. Nevada's Irrigated Farms and Ranch land with water rights provide food for the world, and jobs as well as a quality lifestyle for those who operate them.

Since the State of Nevada has more public land than any other in the lower 48, privately owned Nevada Farms and Ranches tend to be few and far between. Again land in Nevada without water tends to be rather barren.

The State of Nevada is divided into water basins, many basins are closed to any future allocations. They will not issue additional permits in these areas to use the water resources. While demand increases, supply is very limited.

If you would like to learn more about Nevada Ranch land and Nevada's Irrigated Farm land market,

Chris W. Miller specializes in this area of the real estate business, this is a specialized Business.

Dedicated Land Professionals with the Answers You Need.

Nevada Land opportunities in Irrigated Farm and Ranch Land with Water Rights.

Land in Nevada Blog

Water Rights For Sale on Irrigated Nevada Farms and Ranch Land

1200 Acre Ranch with Live springs and Water Rights

4.5 sections, 17 Wells, 18 Pivots Irrigated Farm

2000 Acres Irrigated, 10 Wells, Nice Nevada Farm Land

1000 Deeded, 33,479 Acre Grazing Lease Cattle Ranch With Water Rights

266 Acres, 821 Acre Feet of Ground Water Rights, BLM Grazing Leases

These are a sampling of the types of Nevada Ranch properties available. For more information on Nevada Farm and Ranch Land Call Chris

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Mesquite Market

chris@mesquitemarket.com

Lincoln County Land Market

Nevada Ranch Properties

Southern Nevada Water Authority Pipeline Update Nov. 2009

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Sat, 07 Nov 2009 20:45:22 -0600

For those of you interested in understanding some of the supply and demand issues around Water Rights in Nevada and the Colorado River Basin, as well as geo political wrangling, here are some links. If you would like own some Nevada Ground Water Rights, you need to call me, I have some very nice farm and ranch land listed with water rights.

California Recruits Water-Saving ‘Heroes' as Drought Drags On

Experts offer grim water outlook for NV, CA

Climate change to strain Colorado River

Lake Mead, Key Water Source For Southwestern US, Could Be Dry By 2021

Historic Colorado River Streamflows Reconstructed Back To 1490

Welcome to "The New Normal"

The Water Information Program

Colorado River Interim Guidelines for
Lower Basin Shortages and Coordinated Operations
for Lakes Powell and Mead

Current Colo. River Basin dry spell could be worst in 500 years

Basin

STUDY SHOWS CURRENT DROUGHT BAD BUT NOT THE WORST UNLV 2004

Future Of Western U.S. Water Supply Threatened By Climate Change

Climate Change Means Shortfalls In Colorado River Water Deliveries

American West Heating Nearly Twice As Fast As Rest Of World, New Analysis Shows

Colo. River pact updated

PIPELINE PLANS: Judge kills water ruling

‘Owens Valley is the model of what to expect'

Great Basin Water Network

Vegas water agency vows fight for groundwater plan
Judge denies SNWA motion to block more comment

Nevada ruling could burst Las Vegas pumping plan

As you can tell there is plenty of science and opinion involved in these discussions. One thing seems clear to me, we are using or soon will be using more water than we have available. The opportunity to purchase irrigated farm and ranch land is today. The chances this land with water rights is going to get any less expense in the seems very slim. One day you will not be able to buy it any price.

Today's Investors are buying water rights. Who is buying these Water Rights?

Water Rights laws and use are complicated, yet many parcels with water rights are available today, some at very reasonable prices.

Chris W. Miller is a Nevada Farm and Ranch with Water Rights Specialist
at ERA Brokers Consolidated Mesquite, Nevada

702-346-7200 or 435-862-5951
ERA Brokers Consolidated
Mesquite NV 89027

Mesquite Market

chris@mesquitemarket.com

Water Rights Sale Inked

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Sat, 31 Oct 2009 16:02:07 -0500

Recent water rights sale transactions in Nevadaincludes 35 shares of Virgin River surface water. There are about 10 acre feet per share under the Virgin River Share arrangement in the Mesquite and Bunkerville irrigation system.

"In 1961 water shares in the valley were worth $14 per share and you were a damn fool to buy them" stated Cecil Leavitt, a Virgin Valley board director. He went on to say "Today they are worth more than the land".

The final sale price for the 35 shares was $2,801,968 or about $80,056 per share. That translates to over $8000 per acre foot for surface water rights.

The surface water is not currently used by the buyer of the rights, Virgin Valley Water District as drinking water. Construction of a water treatment plant to purify the water will be required for the local rate payers to see any beneficial use from the purchase.

There are few reasons the district would go ahead with the purchase now, except the fact that if they did not buy the shares now, Southern Nevada Water Authority might. Once they are owned and headed to Las Vegas they would never be available in the Virgin River Valley again.

This story will play out across Nevada over and over in the next few years. Basins are being closed to additional allocations, additional permits are being denied. What currently exists will only increase in value. Demand continues to grow from domestic growth to agricultural needs and uses.

Funny to hear "you would have to have been a damn fool to pay $14 a share in 1961, and it just sold for over $80,000 ".

While few had the foresight then, the future of water rights in Nevada seems very clear today. What do you think they will be saying in another twenty years?

Chris W. Miller is a Nevada Irrigated farm and ranch land specialist; most of his currently listed properties have water rights. Call Chris today for more information. Ref:Mesquite Local News Oct. 22, 2009

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Investing in Nevada Irrigated Farm and Ranch Land with Water Rights

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Tue, 27 Oct 2009 15:11:47 -0500

When most people think of farm land and ranch property, they think open ranges, hay fields, cattle and cowboys riding horses.

Wall Street seems like a far off place in another world. A fast paced place driven by profit and greed.

It seems the classic contradiction, slower paced, straight talking, down to earth folks making their living off the land verses the Bernie Madoff and George Soros types.

Truth is, the story I am about to tell you just may be a little sad, because Wall Street is buying up the farm. Over the past few years investment power houses like BlackRock, and retirement plan giants like TIAA-CREF has been plowing money into farmland. In Nevada farm land generally means land with water rights, due to the arid climate.

These are smart people who are motivated by money and profit.

Here is the deal; the fundamentals are in place for a long term boom in prices for everything AG-related. Consider this; in 1960 there were 1.1 acres of arable farmland per person globally, according to data from the United Nations. By 2000 that number had fallen to .6 acres. Over the next 40 years the world population is projected to grow from 6 billion to 9 billion.

According to Joachim von Braun, director general of the International Food Policy Research Institute, "Land is scarce and will become scarcer as the world has to double food output to satisfy increased demand by 2050". "With limited land and water resources, this will automatically lead to increased valuations of productive land." Von Braun goes on to say, "It goes hand in hand with water, Water scarcity will probably increase even more than land."

Water in Nevada is today in short supply and clearly demand will outpace supply as they continue to close basins to new permits. Water rights in Nevada have another issue facing the dwindling supply, the demographic shift of the baby boomers to the more tax favorable warmer climate. Choices, decisions, are being made today, do we use the water for agriculture and food production, or do we pipe to Las Vegas for culinary use.

Farmers and ranchers want to stay in the business, but millions of dollars waved under their noses make it tough to say no to the sale. Many will stay on and lease to continue to live the lifestyle they love. These lease payments are cash flow on the investments. Could it be a win-win situation?

Commodities guru Jim Rogers says, "I'm convinced that farmland is going to be one of the best investments of our time."

Meanwhile, B.L. Harris, acting director of the Texas Water Resource Institute, knows well the problems of the Ogallala system. "The one big issue with regard to the Ogallala is the fact that the annual recharge is much, much lower than the extraction rate that we are putting on the aquifer at the present time. The aquifer is over-drafted to a substantial extent." The Ogallala is one of the world's largest aquifers covering 174,000 square miles; it runs from South Dakota to Texas. Some estimates say it will dry up in as little as 25 years.

Farmers are smart and they talk, they may wear overalls and talk funny, but farming is older than Wall Street. Water and food are the sources of life for the planet, demand is guaranteed to grow. There are few guarantees on Wall Street. Farming is a difficult business, but it is a fine tuned machine, executed right it is a profit opportunity.

Chris W. Miller is Nevada irrigated farm and ranch land specialist with ERA Brokers Consolidated. Chris has Nevada farms as small as 266 acres with ground water rights, to Nevada cattle ranches as large as 34,000 acres including rangeland leases, listed and available for sale. For information about Nevada farm and ranch land with water rights call Chris today 702-346-7200 or 435-862-5951

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Land, Food, Agriculture, and Water Rights

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Wed, 21 Oct 2009 14:45:01 -0500

Fortune magazine, June 22, 2009 issue has a good article on "Why Farm Land is Hot". Why ETF's are investing today for the long haul on the food and water shortages in our future. From 1960 to 2000 the world went from over one acre of arable land per person to just over a half acre of arable land per person.

Growing populations and the shrinking supply of arable land will be a key focus of humanity as millions starve in the not too distant future. Water in many locations is the key to food production.

Water rights in Nevada are our most valuable resource. Irrigated agricultural land is available and the prices are increasing. Many basins in Nevada are closed to any future additional water rights, the supply side is very limited and will not increase. While demand continues to grow, with or without future housing developments.

We have cattle ranches with live springs filling stock tanks to water the cattle, and the ranch owns those water rights. We have sections of land with irrigation pivots watering grains like wheat and barley, as well as potatoes, and alfalfa. These irrigation pivots are fed from wells on the land and the farmers own those water rights.

Many farmers are willing to pay handsome lease payments to farm this ground, offering good rates of return to investors. You can own a half full strip mall with falling rents and potential future higher vacancy rates, or farm land with water rights.

If you have the means and are still not sure of the future demand, check out what the executives from some the nations largest agricultural companies have to say about the future demand.

Investing in agricultural land requires in-depth knowledge of local regulations, state agencies, soil quality, regional climate data and much more. Professional representation is critical to your investment success.

I have many properties available and each one is unique in use and potential. Call me today to discuss your needs and which property might fit your needs. Nevada Ranch Properties your source for quality agricultural land sales and services.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Mesquite NV Real Estate Market Quarterly Report

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Wed, 21 Oct 2009 13:56:09 -0500

Mesquite Market Quarterly

Third Quarter 2009

By Chris W. Miller ABR, CRS, GRI

Sales are up and prices are down and falling!

Beware of pending home sales numbers, the conversion rate from pending to actually closed transactions is falling daily as deals blow up. Pending short sales in general are not closing. When you hear pending home sales, it is a misleading indicator.

In Mesquite we actually closed:

Median Price $ Per Square foot

39 Resale Homes $192,400 $113

13 New Homes $208,984 $125

15 Condos $87,500 $77

29 Town Homes $130,000 $88

Total 93 closed sales $150,900 $99

43 of the total 93 were distressed properties.

229 listings went out of the active inventory as failed. Active available listed residential property remained stable at around 400 with over 60% vacant.

221 new listings were added to active and 85 of those were distressed properties, either short sales or bank owned (REO) foreclosures. "Notice of defaults" continue to increase. Between Spet. 1 and Oct. 12 there were 54 NOD's filed in Mesquite, that is 9 per week!

2 vacant lots sold in Calais and averaged $125,000.

No commercial transactions closed. Vacancy remains at historic high rate in all catagories.

The market is averaging around twenty active resale listings at Sun City, but you would never know it since they do not allow signs, period, even inside your own window.

Over 50% of the current pending transactions are distressed properties. The banks are holding more and more real estate as defaults rise and individuals realize they are stuck as well. Unrealized bank losses are mounting as wealth evaporates.

The amount of shadow inventory is impossible to calculate. Based on unlisted bank owned property, defaults and failed listings, the number is far larger than the 400 active listings, maybe double.

Given the future uncertainty in taxation, health care costs, income, asset value growth, cost of living inflation, and home values retiring buyers have become increasingly cautious. The market is mainly being supported by high loan to value government backed FHA loans, and interest rate risk appears far greater than home price increases. Prices continue to fall.

There are seemingly good values available.......Buyer Beware!

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Market on Life Support

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Mon, 05 Oct 2009 19:04:38 -0500

Mesquite Nevada Real Estate Market Still on Life Support

If the Mesquite, Nevada real estate market were a patient in the hospital, it is still in ICU. The market remains on life support, plagued by high vacancy, defaults, foreclosures, existing, and new home supply. Builders continue to put downward price pressure on existing home sales with lower pricing and incentives.

Then there is the shadow inventory. The picture is clouded by the bank owned REO properties as the banks fumble with unrealized losses, those toxic assets. Clearing of this segment of the market will be a pivotal point, but it remains unclear as to how many are out there and at what price will they be liquidated. As the banks push these properties into the market prices continue to fall.

The main support in the market is coming from your tax dollars in the form of first time home buyers tax credit, and high loan to value government backed loans. Cash buyers and investors are nibbling around the edges, but remain tight fisted and cautious.

The next few quarters will bring more competitive pressure to the market from banks, builders, distressed sellers, and short sales. Prices should get even better for buyers willing to be patient.

Recovery will be hampered by new tighter lending regulations being developed and implemented at this time. It appears excessive leverage of debt will not be allowed.

Clearly there has been a shift within the consumers and the world as to how they view leverage and debt. Affordability will be high on the radar screen of all.

Remember the market cheer leaders have their own motives and agenda.

Buyer beware continues to be the smart buyers maxim.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Land and Water Rights in Nevada

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Tue, 15 Sep 2009 15:52:14 -0500

Interested in the future of Real Estate development and agribusiness in Nevada?

Look closely at the water supply. Look closely at the water rights for sale.

Southern Nevada Water Authority is planning a 327 mile pipeline to bring more water to the Las Vegas Valley at a cost of 3.5 billion dollars. This fact alone should tell you something about the available supply.

Whether it is climate change, normal drought, or increased demand, the future for water's value has only one way to go. One thing is certain, we can not live with out it. Water rights in Nevada and the Southwest in general are going to be in the news more and more as demand strains supply.

Some say water will be more valuable than oil to future generations. At the most basic level it already is.

Nevada Water Resources is sponsoring a dinner September 22, 2009, "Water Crisis in California: Challenges Faced by Metropolitan Water District to Adapt to Long-term Water Curtailments".

The term "prior appropriation" when it comes to water rights in Nevada could become very meaningful to those who may be asked to turn off the pumps. The State Engineers Office states it this way;

Nevada's first water statute was enacted in 1866 and has been amended many times since then. Today, the law serves the people of Nevada by managing the state's valuable water resources in a fair and equitable manner. Nevada water law has the flexibility to accommodate new and growing uses of water in Nevada while protecting those who have used the water in the past.

Nevada water law is based on two fundamental concepts: prior appropriation and beneficial use. Prior appropriation (also known as "first in time, first in right") allows for the orderly use of the state's water resources by granting priority to senior water rights. This concept ensures the senior uses are protected, even as new uses for water are allocated.

Irrigated Farm Land and Ranching operations in Nevada generally own their water rights. Farm and Ranch properties like Diamond Springs Ranch, Flatnose Ranch, Adams Peak, Eden Valley, and others like the 265 acres in Lincoln County are all opportunities to own water rights.

Areas of the state that are projected to experience explosive growth in the future in Lincoln County Nevada, often referred to as transition land.

If you would like to learn more about Nevada land for sale with water rights, I am here to serve you.

Please call Chris W. Miller at ERA Brokers Consolidated 435-862-5951 or702-346-7200

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Are We Becoming Our Grandparents?

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Mon, 31 Aug 2009 23:29:43 -0500

The option of a slower, freer lifestyle is appealing to many baby boomers.

The future retirees are young and active with many interests. Some prefer club houses, golf courses, casinos, and social clubs. Others have dreams of getting out of town.

Today with modern technology and simple solar orientation a home on a few acres can become a self sustaining lifestyle. A few fruit trees, a garden, these are personally rewarding activities.

In Southern Nevada there are few places for this type of setting. I believe Lincoln County, Nevada is set to explode. Not over night, but there are many who long for this rural self fulfilling lifestyle.

Ninety seven percent of Lincoln County is public owned lands, the private land is scare.

Water rights to develop the land are even harder to come by. Where else can the future growth and demand go within a couple of hundred miles of Las Vegas?

The cooler weather and four seasons offer much better growing conditions, and it is not so hot. This is right out of the old west, check out lincolncountylandmarket.com. There will be public land auctions, BLM land sales in the future in Lincoln County, Nevada.

I met a great lady visiting from Ohio and as we discussed this shift in the minds of a relatively wild generation, she said "we are becoming our parents". Whether they lived through the great depression or grew up hearing about it, they lived their lives more frugally than we have.

For many this lifestyle exposure was when they went to visit grandparents. Clearly this new environment with horse barns, solar reliance, hen houses and independence will be a life changing event. For longtime city dwellers, a whole foods type of back to the earth lifestyle change.

Off the grid is a worthy goal. Technology in solar applications is getting lots of attention and government money. Greater efficiency is being achieved all the time.

General self reliance and a greater lack of dependence on the outside world a desirable and worthy as well. Maybe we are becoming our grandparents!

Flatnose Ranch is an awesome working hay farm with a rich history, at 1200 acres it is prime transition land. Located ten miles East of Pioche, Nevada, adjacent to Echo Canyon State Park and mostly surrounded by public lands. With eight wells and over 2600 acre feet of water rights, at 5000 feet above sea level, Flatnose has all the makings of rural retirement community.

If you did not have spending $20 million in mind then maybe a 256 acre old homestead with over 1000 acre feet of water rights in Lincoln County priced at $1,950,000. It is all about the water. There are number of larger working irrigated farms available, if farming for a real living is more your style.

I would be very interested in your comments on these ideas. Would you live on a small farm?

For more information about irrigated Nevada farm and ranch land with water rights visit nevadaranchproperties.com

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Nevada Cloud Seeding Program Cut

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Tue, 18 Aug 2009 16:10:59 -0500

The State of Nevada just got a little drier, which is tough news for many since it is already the most arid state in the nation.

The $550,000 cloud seeding program that produces as much as 65,000 acre feet of additional precipitation annually has been cut from the state budget. That is about enough water to supply 130,000 households per year.

The real pain will be felt by the rangelands, farmers, and wildlife who will suffer from less water. The Cattlemen's association, Nevada Farm Bureau, and Elko County Commission have urged law makers to save the program.

On average Nevada receives about 9.5 inches in annual precipitation. The decision is also at odds with current weather pattern, as Nevada is suffering from drought conditions already.

Hay farmers will benefit as a result of less grassy rangelands, farmers will be forced to buy more hay. The hay farmers deserve a break this year anyway.

Irrigated farm land with water rights will benefit. Many basins are closed to additional allocations for ground water permits. The supply side of this irrigated land, our food chain supply land will see huge increases in value as time goes on.

Demand for water in Nevada goes well beyond agriculture in much of Nevada. Future population shift projections threaten to eventually strain the supply to the breaking point.

I currently have numerous parcels of irrigated land for sale with ground water rights. While agents across the nation tell their clients to lower the prices on all types of properties from residential properties to commercial centers, I am advising that it may time raise the price of irrigated farm land with water rights in Nevada.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Cash For Clunkers

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Wed, 29 Jul 2009 17:56:58 -0500

$4500 dollars in free money to anyone who will trade in a perfectly good car that gets less than 18 miles per gallon. Most of these new car buyers will borrow most of the additional money needed to purchase one of these new more efficient cars. So far so good, more efficient cleaner cars on the road, more auto sales have to be good for the car makers and therefore jobs and the banks get to make more loans.

Of course the $4500 isn't exactly free, at least not to all of us as a collective group; we are the ones giving it away through our government.

Since when do I care about cars or government giveaways? I write about real estate.

New car loans will reduce the number of people we can sell homes to over the next few years. More consumer debt is and has been the problem.

Under the newer existing and newer yet to be completed financial consumer protection rules, underwriting standards for home mortgages are getting tighter.

Consumer debt to income ratios affect their ability to take out a new mortgage. Mortgage lenders will count the new car payment loan against the borrower. For some of the cash for clunkers buyers that will be taking on a new car payment, that additional debt will push their debt to income ratio too high to qualify for a new mortgage.

In order for the housing market to really open up, consumers must reduce debt, not increase it.The $8,000 first time homebuyer's tax credit and the cash for clunkers are two of the most direct to the consumer stimulus funding programs. Both will help get money moving again.

If you plan to use both programs, buy the house first. Let me repeat that, buy the house first. The auto lender will in general view home ownership as a positive thing. While the mortgage lender may use the new car loan as a reason to deny you a new mortgage.

Whether you qualify for the $8,000 first time home buyers credit or not, if you think you may want to jump into homeownership in the next couple of years. Take the time to talk to a mortgage lender about your debt to income ratio and what a new car payment will do to your ability to get a mortgage. Please do this before you run out and test drive that new car.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Mesquite Nevada Quarterly Market Report/ Re-Branding?

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Mon, 27 Jul 2009 14:43:19 -0500

Mesquite MLS recorded 20% less total sales volume from the second quarter of 2008, contrast to Las Vegas where sales volumes are hitting all time records. Average asking prices for single family homes in Mesquite have not dropped much if at all, still around $348,000. While Las Vegas Median resale home price dropped to $125,000 for June 2009.

Notice of defaults, those falling behind on their home payments continue to increase as do foreclosures. Mesquite is unique in the sense that much of the housing in Mesquite was built and sold in the past ten to twelve years. Given the fact that much of the distressed property is selling for prices close to those of ten to twelve years ago, that puts virtually every buyer during the dozen or so booming years under water, those who paid more than they can now sell for at today's values. Many markets you hear about on the nightly news have owners who have been in their homes for twenty or more years, they can still sell at a profit. Mesquite has few owners with that luxury.

Not a single commercial property closed during this past quarter through Mesquite MLS. Did you know that one of the only two commercial sales in the past two years in Mesquite, was to The City of Mesquite, and they paid $118 per square foot or $3,858,000 (97.7% of asking price) and the building does not have a single tenant improvement. This struck me as odd since the City of Mesquite is a rather large land owner.

In planning and developing Mesquite, The City of Mesquite, builders, developers, and consumers have completely ignored any solar application, our greatest resource. Not a single builder offers solar applications, not a single subdivision has been designed for proper solar orientation, not a single incentive or example coming from The City of Mesquite in areas of sustainable energy efficiency. When it comes to recycling, drive the neighborhoods looking for the blue recycle bins, it is joke. These programs require promotion and examples starting at the top.

The number of retirees willing to mortgage their financial future and emotional well being for a larger home in a more prestigious gated expensive neighborhood is shrinking fast. The real demand appears to be trending to smaller, less ostentatious, more cost efficient, financially sustainable housing. This trend is likely to intensify. Studies indicate the peak birth year for the baby boomer generation was 1960; they will turn 50 next year. These of course are the Mesquite housing market target for years to come. Based on current statistics, studies also indicate this group will not be retiring wealthy, they will be lucky if they have a pension, their social security income benefits are in question, and relatively few have much of an IRA if at all. They currently are faced with kids in college, and aging elderly parents in need of assistance including financial needs. That home equity they have been counting on for years as a nest egg is now all but gone.

Today in the broader market of retirees, they are counting every penny and planning, purchase price is only one consideration. They are carefully evaluating costs of future property taxes, HOA dues and what the reserves must cover, ie: repaving streets, etc, SIDS special improvement districts, (basically bonds approved by the city to allow the developers to pass on to the consumers the costs of developing the neighborhood). Then they have fears of the great unknowns, health care, medical expense, inflation in the cost of living, etc. They are nervous about the security of their financial futures.

Everyday they become more keenly aware that more leverage (debt) is not the solution. This target market is going to demand, require, and accept housing that is smaller, comfortable, efficient, financially sustainable, and within their means.

Remember the small two bedroom one bath homes built in town across America after World War II? They raised families in those homes; we are talking about retired couples here.

Re-Branding Mesquite

The Rich, Rewarding, Wealthy, Palm Springs pitch of the recent past, which was interpreted by many as elite wealthy snobs living in an unaffordable over priced community is now going to be replaced with "The Nations Sports Destination". The City of Mesquite, council, and administration have opened escrow on a deal to sell around 900 acres of city land. They had to down zone it to be allowed to settle on the near give away price, and the re-branding term "The nations sports destination" shall become the new focus. What happened to the retirees?

Sports Center or not Mesquite's future depends on reaching out to and offering the average financially conservative retiree a truly sustainable and affordable place to call home.

Right now Mesquite has all the tools to create an opportunity to meet the needs of the future for this mass of retirees. We have the land, water, sunshine, location, amenities, and tax structure. The 900 acres could be used to develop affordable green retirement homes. The re-branding could be "The nation's most affordable green retirement community".

What Mesquite is missing is leadership, a sense of direction, a real plan and a commitment to follow it through. The City of Mesquite can only position the city to meet the needs and financial constraints of the retirees with planning and leadership today. Today's leadership must be held accountable for the decisions being made today, accountable to the citizens of Mesquite. They must be held accountable for the disposition of the city owned lands including the price tag, and the planned use of that land. They must be held accountable today for the future direction and success of Mesquite.

Re-branding an entire town, changing direction mid stream warrants public input. Changing the direction of Mesquite deserves understanding, transparency and consensus of a large majority of the current population. While elected officials and their administrations will be long gone, the citizens will still be here living with the consequences of today's decisions.

The decisions being made today by the current City of Mesquite powers that be appear to me to be based upon desperation and fear. They say the sports complex on the 900 or so acres of our land will be developed with a half billion dollars, are those funds committed? They say it will bring people and jobs. That is the pitch to justify selling the land so cheap, remember that is our land. How many of those jobs will offer incomes to people who can actually afford to live in Mesquite at today's prices? How can this complex possibly cash flow, with a half billion dollar investment? What is the real motivation? Mesquite citizens deserve more transparency on this transaction.

Mesquite's undeveloped acres could be developed as a model green affordable community that could gain national attention and build on the current city plan and image. Mesquite could gain national attention as a green affordable, financially sustainable place to retire. This could be the collective brain child of city planners, local engineers, local builders, local suppliers, and local realtors, on and on. Bringing with it positive national attention, jobs, and retirees. Re-branding that is in line with Mesquite's current plan and past efforts that will pay dividends forever.

If The City of Mesquite can sell 900 acres for the price being offered to the sports complex developers, then we can develop very affordable retirement homes on that same land. Homes that could sell for well below $100,000.

There will plenty who will say it can't be done, remember they told Columbus he would fall off the edge of the earth, don't you believe them. This country this built on ideas that people said couldn't be done. It may require everyone working on smaller profit margins, builders, and contractors working on cost plus margins, but those are still jobs. It may require ideas and technology involving living spaces that some will say are unacceptable, but the future of retirement housing is going to look different. Open minds and very affordable pricing will open doors we never even knew existed.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Record Numbers

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Thu, 16 Jul 2009 15:45:14 -0500

Today in Mesquite Nevada real estate there are a record number of institution owned properties, a record number of notice of defaults being filed, and a record number of foreclosures taking place. This year has steadily recorded monthly records for failed listings, and the new record grows each month. All those failed listings are all still out there and will eventually need to be sold.

Never in the history of Mesquite real estate has the market seen distressed numbers even close to what is taking place right now. Sales prices conitnue to drop.

The number of listed vacant properties is close to 60% of the total listings. Property management companies are reporting record vacancy rates for the properties they manage, and rents are dropping.

The institutions (BANKS) seem to be holding inventory back off the market. No one knows the motivation for hoarding vacant deteriorating real estate, but it sure looks like that is exactly what they are doing.

While some agents will spin the market and push the "buy now or risk missing out" pitch, the truth appears to be quite the contrary. No wonder consumers view our industry with distrust and contempt.

Now is a great time to buy if; it fits your needs, budget, time frame, and you have done your homework.

Tomorrow will also be a great time to buy. When the institutions do start dumping that inventory, it might even be a better time to buy. If you plan to buy but are not ready yet, relax.

Find yourself an agent that will talk to you about the market honestly, learn the market numbers yourself, paying particular attention to prices per square foot.

For the buyers the best is likely yet to come.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Diamond Springs Ranch

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Mon, 29 Jun 2009 08:56:41 -0500

Diamond Springs Ranch Selling with all existing ground and surface water rights.

Approximately 1000 Acres Deeded Land

Turn key cattle ranch operation, two irrigation pivots in alfalfa, 33,479 acre BLM allotment with 2120 AUMs good for 250 head summer range. Surface and ground water rights owned multiple ponds and stock tanks, hay barn, calving barn, heated shop, equipment storage, three homes. Includes all the existing farming equipment and tools. Quality Nevada agricultural land.

Artesian springs and recently drilled wells provide abundant water supply for irrigation and animals.

If you have dreamed of the western lifestyle and your cattle ranch, this may be it. "Use quality materials and build it to last" was this rancher's motto and it shows all over. This ranch is in excellent condition and very clean. Bring your cows and start your new lifestyle. Deer, Elk, Antelope all can be seen from time to time on the ranch.

Much more specific information on water rights, current leases, BLM allotments, gallons per minute, etc is available for the serious future owner of Diamond Springs Ranch. Nevada farm and ranch land with water rights available around the state.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Nevada Farm Land

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Thu, 16 Apr 2009 12:07:59 -0500

As the baby boomers consider their future and their options, some are going back to the basics. The idea that they can be independent is very appealing to many. They recall the days when their grandparents lived closer to the land.

A slower time when sipping tea on the porch in a rocking chair was an afternoon ritual. Raising a garden for the fresh vegetables, having a small orchard that produces bushels of fresh fruits, and chickens that lay farm fresh eggs daily.

Nevada land is available to build the dream and lifestyle. Nevada offers an excellent moderate climate, and no state income taxes.

For many future retirees, a monthly trip to town for supplies will be all the traffic they will face. Some will raise a few cows, for fun and food. Some may raise a hog or have a flock of peacocks, guinea hens, or geese.

Riding their four wheelers or horses, they will spend their days exploring the thousands of acres of public lands in Nevada. Traveling the old roads from one old west ghost town to the next old mining ghost town.

Some will take up new hobbies, adding work shops and studios to their farms for the creative side they left back in the 60's. Some will build green solar homes and have wind turbines, adding power back to the grid for a change.

Many will spend their winters relaxing in the warmth of a pellet stove.

For many of the baby boomers this new lifestyle will be a healthier, slower, more fulfilling time of their life. A time when they can relax and let the world go by. The idea of self sufficiency is not only appealing it is attainable. Nevada farm irrigated farm land with water rights.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Mesquite Market Quarterly First Quarter 2009

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Thu, 16 Apr 2009 07:48:15 -0500

New trends give a clear view of where the market is going.

Mesquite Nevada MLS recorded a total of 65 residential closings during the first quarter, 22 of these were bank owned or short sales 33.8%. 207 residential listings were submitted and 247 went out of the system as failed listings.

We closed a total of 41 single family homes and 13 of those were bank owned or short, the 13 distressed home sales averaged $111 per square foot. Of the 41 closed single family homes was 24 existing or resales at $122 per foot, 17 new homes at $162 per foot.

There are already 20 resale home listings available at Sun City Mesquite. The Mesquite MLS only recorded a total of 7 closings during the first quarter at the new Pulte Del Webb project, that includes new and resale homes, those 7 sales averaged $159 per foot.

8 condominiums closed at an average of $99 per foot, 15 town homes closed at an average price of $118 per square foot, and 2 vacant residential building lots sold.   3 homes sold and closed in Bunkerville and they averaged $93 per square foot.

On March 31, 2009, at the end of this past quarter 44% of the pending transactions in the Mesquite MLS were listed as distressed properties, either REO or short. Failed listings which are still out and most must be sold sooner or later exceeded pendings on a 5 to 1 basis this past quarter; many will turn to distressed properties.

Based on the past quarter sales and the current active listed properties there are 22 months of single family homes, 46 months of condos, 19 months of town homes, and years worth of building lots. It looks like there is on average about a two year supply sitting on the market, plus another year's worth of inactive and vacant.

At this time around 255 of the 430 active listings are listed as vacant, about 60% are sitting empty, no cash flow.

There are still many people living in homes they can not afford and they are under water. A wave of distressed properties, yet to come to the market.

While many agents, the government, and the media spread the rumor that the market is improving!   Buyer Beware has never rang louder.

There are 13 commercial buildings and 16 commercial land parcels actively listed for sale and many more available but not listed. No commercial buildings or land closed. While it is hard to measure, it looks like there is well over 300,000 square feet of vacant commercial office/retail/industrial space sitting vacant.

The City of Mesquite building department issued 6 permits for new commercial buildings and 19 permits for residential buildings during the first quarter 2009.

The typical buyer profile coming to Mesquite today is a far more cautious and conservative retiree. They have been slapped hard with the reality that neither the stock market nor the real estate markets always go in one direction. Many have seen a huge chunk of their nest egg disappear in both markets.

The current environment has them in fear of their financial future, out living their savings. Uncertainty about government spending, bail outs, health care costs, rising cost of living (inflation), income stability and net worth are all potentially paralyzing for buyers.

There seems to be an uneasy sense with the retirees that the government is reaching too deeply into the pocket of our capitalist free enterprise system. There is little security anywhere. It is affecting consumer sentiment and confidence.

The market correction is far from over and for Mesquite it is a reality check. If we are to attract the greener more conservative baby boomers we will need to adapt.

Affordability, efficiency, and value will have to lead us out. What worked over the past ten years, business as usual will not cut it.   This is not unique to Mesquite, most every business model out there is changing the way they do business or like our auto industries they will be reorganized.

After the high flying years of loose money and bad decisions, deleveraging is taking place. Asset values are falling and this will continue until the market gets back to fundamentals that work. Vacancy rates will not go down until business can afford the rents. Buyers will not buy homes they can not afford.

Debt to income ratios must get back to closer to 28% and 35%, or prices in the range of 2.5 to 3.5 times annual income. As we have seen, 5 times annual income as a purchase price generally does not work. Debt is strangling the entire economy.

This melt down of the financial system is all about excessive unmanageable debt, over leveraged, and wildly over valued assets. Consumer sentiment or confidence is not the cause; it is the artificially inflated values. Lower prices and market stagnation are the results we are seeing.

Affordability is not a concept, it is reality.

Mesquite Nevada has a bright future and the current market is beginning to create opportunities for knowledgeable buyers.

For square footage numbers in specific neighborhoods, questions, or comments

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

What Is The Price?

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Fri, 10 Apr 2009 19:14:47 -0500

In real estate when you hear the term "value" people generally assume that means the price. Price and value often are synonymous.

When it comes to luring the baby boomers to make the commitment to settle down in a new home town and

change the direction of the rest of thier life, value becomes far more complicated than just price.

Value has a number of definitions.

Fair price is one. Value is also defined as; an estimation of the worth, merit or character of something, having admirable or

esteemed qualities or characteristics, highly regarded, worth in usefulness or importance to the possessor.

Some of these have nothing to do with price. Value takes on another dimension when it encompasses how people feel about personal security,

and feeling secure about their future. It is easy to make the case that value is tied to price when you consider retirement income and future financial security.

"Maybe it is time to consider living dangerously. Maybe it's time to reject the commands of power, the dictates of society and public opinion,
and to stop worrying about what other people think about what you do. You have the power and ability to create your own reality — to change
what isn't working and to manifest what you desire."
— Dick Sutphen

Some people value this approach to life while others will dismiss it.

Perceived value depends on what really motivates the individual.

Greed drove the speculative booms, fear is motivating more people today. Fear subsides with security. For many of the currently retiring generation

a sense of security is trumping the "keeping up with the jones" syndrome. Some will cling to the snobby, false impression that dollars equal value,

but for most, the BMW's and McMansions are less valuable for the sole purpose of impression, given the real cost. It is a great illusion of value.

When the real price may actually be peace of mind and security.

Less stuff and a more conservative approach has more value if it equals peace of mind. Savings equal security.

The term deleveraging is about less debt. Less debt works. Less debt offers a sense of accomplishment, peace of mind and security.

Living on less than we have verses beyond our means, offers a high level of satisfaction and security. Remember security equals less fear.

And what other people think becomes nearly meaningless in comparison.

So what does all this have to do with the price of real estate? Perceived value includes lifestyle, location, security, and affordability.

Real security comes to those who don't have a mortgage. Will this generation embrace this?

So what is the price when Real Value may be about how well you sleep at night.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Adams Peak Ranch

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Sun, 22 Mar 2009 17:56:04 -0500

Irrigated Nevada ranch land with water rights. Roughly 1600 acres of flat irrigated farm land with ten wells, all tied together in a quality system of wheel lines and pivots. Good dirt, no rocks, potatoes have been raised here before, currently in mostly hay and some grain for seed.

Located at 4550 elevation in the Red House Flat area of Humboldt County, Nevada below Adams Peak in the Osgood Mountains. Rural farm life set in a beautiful valley surrounded by snow capped peaks.

Irrigated Nevada Ranch Land

This farm operation is as clean as any you will find. Improvements include 3200 square foot shop and four residential buildings, currently occupied by the ranch hands.

Nevada farm and ranch land with water rights.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Mesquite Nevada Foreclosure and Short Sale Market

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Thu, 19 Feb 2009 13:11:04 -0600

Today in the Mesquite Nevada real estate foreclosure and short sale market, one in every eight active residential listings is either a foreclosure or a short sale. There are 387 active residential listings and 52 are listed as short sale or bank owned foreclosure.

On the pending side we are seeing a trend developing in Mesquite Nevada foreclosures, out of the 31 currently in pending or "under contract" status, 10 are shown as bank owned foreclosure or short sales, one out of three.

Month to date 8 out of 19 pending residential units in the Mesquite Nevada MLS are listed as short sale or bank owned foreclosure, nearly half.

Mesquite Nevada is primarily a retirement golf community. There are seven golf courses and number eight is under construction, a number of casinos, no state income taxes, and excellent weather. Mesquite Nevada is located 90 miles northeast of Las Vegas, right on the Arizona state line. The Arizona strip as it is called is the north rim of the Grand Canyon.

The proximity to Vegas and all the factors that make Mesquite Nevada so appealing to the retiring baby boomer generation, also lead to a great deal of speculative investing in Mesquite real estate.

192 of the 377 active residential listings today are listed as sitting vacant, that is over half!

Not candidates for the bail out money, those investor properties. Which leads me to believe that we will see more Mesquite Nevada bank owned foreclosures and short sale properties before we work our way through this mess.

This trend is creating a very unusual opportunity. You have high vacancy, high inventory, falling prices, great supply choices, in an area that is well positioned for extreme future demand because of the retiring boomer generation.

This very unusual combination that we have today in Mesquite Nevada real estate will not last forever.

It seems everyday someone asks me are we at the bottom?

Since I do own a crystal ball, I offer this; we will not know where the bottom was until we are past it and prices begin to rise. If you find a property today that meets your needs and is within your budget, waiting is a risk.

At some point in the not too distant future, I believe that risk will out weigh the potential benefits. Some of these sale prices today are near the bottom.

The upside potential future for Mesquite Nevada real estate is real, based on the projected retirees and what they want. Mesquite Nevada is well positioned for the future demand and growth.

We will turn a corner and for many they will have waited too long and missed this opportunity.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Mesquite NV Real Estate Market Quarterly Report

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Thu, 29 Jan 2009 11:38:47 -0600

For those who like to point to the Las Vegas market with "We hear sales are up", the median resale single family home in Las Vegas sold for $162,999 or $96 per foot in December, according to Home Builders Research, Inc.

This number makes the 15 resale homes closed during the entire fourth quarter in Mesquite look pretty good at an average price of $248,027 or $143 per square foot. Unfortunately, this price is over 25 time's fair market rent and over five times Mesquite median annual income, not good signs.

Realistically, the Vegas number is most likely a glimpse into the 2009 Mesquite Market numbers. The storm of foreclosures is on Mesquite's horizon and moving in fast.

Mesquite MLS shows 25 new homes closed during this past quarter with an average price of $293,151 or $158 per square foot.

Sun City Mesquite had only 10 closings reported through the Mesquite MLS for the entire fourth quarter, and without adjusting for incentives the price averaged $145 per square foot or $240,827.

We closed 14 town home units averaging $129 per square foot and none above $300,000.

With nearly 100 active condo units for sale, only 5 sold and closed in the last 90 days of 2008.

The term "sticky prices" is clearly in play, but the buyers are not buying it. In other words sellers have yet to really drop prices and buyers are waiting.

No commercial sites or commercial buildings closed during the fourth quarter 2008. By my estimate there may be as much as 300,000 square feet of vacant commercial/industrial space, yet 19 new commercial building permits were taken out during 2008. Many will require new permanent financing this year and it will be a real challenge for some given the current credit markets and vacancy rates.

The residential vacant land super pad or subdivision market has gone from bank foreclosures to FDIC owned through bank failure and seizure in some cases. Based on 378 new home building permits issued for the year of 2008, including Sun City there is over a 20 year supply of building lots. These values in some cases look like they may have fallen as much as 80% from 2005 prices.

All total including every residential category we closed 311 units during 2008 compared to 706 during 2005, that is 56% less sales. At the same time inventory of listed property for sale reached an all time high with over 400.

Another telling sign in the market is the failed listings during 2008, they reached 764. They went out of active inventory as expired, canceled, or withdrawn. The problem is that they are still out there and many are vacant or due to negative cash flow, must be sold.

2009 should be a year of opportunity and challenge.

Please remember if you are planning a visit and would like to discuss the Mesquite Market call ahead to let me know you are coming so we can schedule a few minutes. 702-346-7200

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Does the Sun Shine in Mesquite Nevada?

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Mon, 12 Jan 2009 15:15:27 -0600

The foundation set in place in the Mesquite Nevada real estate market is clear and solid for the growth and future demand. The features of the Mesquite lifestyle including the quality of living, weather, golf, gaming, taxes, the great outdoors and access to it, all rank high on the list of "must haves" for the retiring baby boomer generation.

This segment of the population is looking hard right now for balance and perspective between future lifestyle and budget, debt, future income and health care. They are re-evaluating each part of their lives and budgets to determine what is really important and what is not. For many it is a real soul-searching process. The perception changes taking place will drive the product development of the future.

Mesquite's challenge will be to offer a product to the market that includes lifestyles at a price that is affordable. At the same time Mesquite, Nevada will likely continue to become more exclusive. The excess and particularly the waste of resources of the past will be less fashionable in the future, possibly even shunned.

The turn over in the real estate market taking place today is searching for that same balance. A new awareness seems to be developing among buyers, and lenders, that living beyond your means is not the road to happiness. This will continue to put greater emphasis on conservation and afford ability.

It also leads to a new demand for more efficient, self reliant, and self sustaining housing. Solar will play a huge part in new home design and construction one day soon, as will water conservation techniques. The lack of use of solar applications by the local builders of the past has put Mesquite behind. It is an opportunity today. Utilizing available renewable, free resources is not a fad, it is the future.

While the look of a neighborhood may take a little getting use to, proper home orientation to the sun, clear story windows and over hangs are simple, cheap, and effective. This has been completely ignored by the City of Mesquite and the builders of the past, that fact won't be lost on the consumers of tomorrow.

Why pay to keep a large tank full of water, hot 24 hours a day, when the sun will heat it for free? That same warm water can be circulated through pipes in the slab that will warm the floors during the winter.

Why pay to cool a home that has blazing hot sun streaming in during the summer months or heat a freezing house without the benefit of the warm winter sunshine?

Our sun shine opportunity can be maximized to create a whole new image, adding value, creating positive attention, demand and industry. Imagine how much money we could save if we turned off 8000 hot water heaters.

For those who scoff at the idea, consider this, mankind drilled the first oil well about 100 years ago and we are already talking about peak oil! You just happened to have lived your life while it was plentiful and seemed endless, which affected your perspective. What we have taken for granted will one day be viewed as wasteful and ignorant.

Builders and developers will follow the market. The common sense of the consumers and those new perceptions about what is really important to them will drive the market. Other markets are way ahead of Mesquite in green building technology, the slow down in the building market is an opportunity for Mesquite to change direction and catch up.

Mesquite's bright future surely includes lots of that wonderful sunshine!

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Mesquite Nevada Real Estate

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Tue, 23 Dec 2008 14:51:38 -0600

Mesquite NV real estate experienced the speculative frenzy and price run ups at close to its worst. High rates of false appreciation and flippers cashing big checks even before new homes were complete, causing market havoc. That market is gone.

Today reality has set in and prices are falling, supply is at all time highs along with vacancy rates. Builders have walked away from whole neighborhoods and some look like gold rush ghost towns.

Land values, based on the supply of build-able residential and commercial sites available are headed south at unprecedented rates. The current supply will last for years.

Mesquite NV real estate fundamentals have not changed as far as desirability, weather, location, recreational amenities, taxes, etc. Retirees will continue to migrate to Mesquite, NV.

Mesquite NV real estate market does not hinge on the employment picture like many markets because most moving to Mesquite are not arriving looking for work. They arrive looking for the golf course and a nice place to go to dinner.

As 2009 unfolds Mesquite NV will continue the current trend to find balance between the extremes of the recent past and the budgets of tomorrows retirees. Land now owned by banks will come back into the market at a new more affordable cost basis.

Competition will continue to grow, Mesquite's new home builders will continue to build and in some areas at even more affordable prices.

Smart buyers will find even better values as the market moves forward. The aging baby boomers are going to retire, guaranteeing Mesquite Nevada's bright future.

For more information about the Mesquite Nevada real estate market or to receive a quarterly market report contact:

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Mesquite Nevada Golf Front Home Short Sale

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Mon, 22 Dec 2008 12:23:12 -0600

980 Crest View Drive

Falcon Crest Gated Golf Front Short Sale

$349,900 or $158 per square foot

Upgraded Falcon Crest golf front home, located across form Falcon Ridge Golf Clubhouse. Ten foot ceilings, tile floors, upgraded kitchen, square footage, bedrooms and baths includes casita. Priced to sell in the current market market environment, please allow time for bank response. Buyers agents due diligence required regarding unfinished slope behind this home, sellers make no warranties. Offering subject to bank approval.

View from rear includes Falcon Ridge Golf Club Course House and Virgin Mountains.

Approximately 2200 square feet includes Casita.

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Mesquite Mini Storage

Chris Miller Mesquite Nevada Real Estate Agent (ERA Brokers Consolidated) — Thu, 18 Dec 2008 00:25:31 -0600

Mesquite Mini Storage

761 Aztec Circle

Mesquite, Nevada 89027

152 self storage units on 1.31 acres
26,050 square feet of rentable space
Gated entrances
All single story drive up units
Close in, high traffic, high density residential area
Explosive residential growth area
14,000 platted and approved future home building sites, includes Sun City Mesquite

3200 square foot resident manager quarters with spectacular mountain views, 3 bedroom 4 bath plus shop and garage.

Currently 95% full, with a history of very low vacancy rates. The owner currently utilizes 25 units and will vacate these at close of escrow. These 25 units did not add to the 2007 revenue numbers below.

2007 Annual gross income $117,950 (.22 per square foot) actual today, many units have not had rent increases in years.

Pro forma numbers at .80 per square foot (estimated fair market value) will bring gross to $250,080 annually.

Priced at $2,000,000

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951