las vegas foreclosures: This is Business - It's Not Personal - 07/19/08 01:17 PM
During my 25 plus years of corporate life, before starting my real estate career, I had the opportunity to hire, mentor, promote, and unfortunately sometimes fire employees. What helped me during some difficult discussions with people was a phrase I truly believe in and it helped to keep discussions on the task … (3 comments)
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las vegas foreclosures: Las Vegas, NV Area Renters: Is the Home You Are Renting in Default? - 07/18/08 06:51 PM
This is a tutorial for renters who are curious about the foreclosure status of the property you are renting.
With the wave of foreclosures in the Las Vegas Area, many renters are concerned if the property they are renting is in good standing or about ready to get foreclosed on. Even … (7 comments)
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las vegas foreclosures: Looking for a Las Vegas Foreclosure? This is BETTER!! - 07/18/08 03:07 PM
Gorgeous Summerlin Home in Gated Desert BloomLocation: SummerlinWelcome to the beautiful community of Desert Bloom in the heart of Summerlin. Stunning & Immaculate 2 story easy-care home with 2 bedrooms, 2.5 bathrooms, and a loft! Squeaky Clean! Tiled Counters and Floors in the Kitchen. All Appliances. Outdoor Patio! Just steps from … (0 comments)
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las vegas foreclosures: A buying opportunity in Las Vegas- Put on a happy face!! - 07/17/08 08:55 AM
Now is the time to buy here in Las Vegas!!
There are fantastic deals to be made. Prices have come down to where it makes sense to consider a purchase for living in or for investments.
Please read the article below:
ReviewJournal.com - News - A REASON TO PUT … (3 comments)
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las vegas foreclosures: Las Vegas Auction Properties - 07/14/08 07:14 PM
I am writing this post from an auction being held today in Las Vegas; approximately 300 homes that are owned by banks and mortgage companies will be sold this weekend at deep discounts, through the auction process. There are several real estate auctions on the calendar for the Las Vegas … (0 comments)
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las vegas foreclosures: Las Vegas, NV July 2008 High Rise Inventory Update: Doubled in Last Month - 07/14/08 05:51 PM
We have seen the Las Vegas, NV high rise real estate market as a challenged market with an abundance of resale inventory. For several reasons:
Too many speculators in that market. They want to close n flip. They are not interested in holding, renting or living in them. Each time … (7 comments)
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las vegas foreclosures: Why I love bank owned homes in Las Vegas!! - 07/11/08 09:45 AM
Why I love Bank Owned homes in Las Vegas!!
Even if you have a contract on a bank owned property, it is never a sure thing.
I made an offer on a listing a few weeks ago. There were about 20 other offers but we got it with the highest offer. … (8 comments)
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las vegas foreclosures: Las Vegas NV June 2008 REO Inventory Update: 2.8 Months Inventory, Seller's Market! - 07/07/08 08:43 PM
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are enjoying a HOT SELLER'S MARKET! Inventory has risen dramatically (+503 units), Pendings have risen DRAMATICALLY (+199 units.) Closing data is up up UP at + 268 units.
Inventory holding steady. Absorption rate is 2.8 months.
Current Listed Bank Owned Statistics:
Listings (7/3/2007): 4633
Under Contract (7/3/2007): 3496
Sold … (5 comments)
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las vegas foreclosures: Las Vegas Investors - Investment Property under $200k - 07/05/08 09:27 PM
LAS VEGAS INVESTORS:
Due to Roseville's recent market correction, you can now buy single family homes in Roseville CA under $200k that cash-flow. ATTENTION INVESTORS: this was unheard of in our local market just one year ago. Visit the investors' page on my website to find out why Roseville is THE place to … (0 comments)
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las vegas foreclosures: Las Vegas Foreclosures and the mysterious green pools - 07/03/08 01:59 PM
Ooh! Green pools help!
With all of the foreclosures and short sales in Las Vegas real estate market, there is a growing problem of green pools. With these pools left unattended they are a breeding ground for mosquitoes and disease. It also poses a safety problem with small children. So who … (0 comments)
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las vegas foreclosures: Clark County NV Trustee Sales Report by Zip Code for May of 2008 - 06/20/08 09:42 PM
This handy dandy table was provided to me by one of my representatives at First American Title and shows the number of Southern Nevada properties that were scheduled for a Trustee Sale (auction in other states) by zip code for the month of May, 2008.
IMPORTANT INFO!
1) If you are a Las Vegas home … (0 comments)
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las vegas foreclosures: Economic Conditions for the Las Vegas Valley May 2008 - 06/12/08 06:31 PM
Economic Conditions for the Las Vegas Valley April 2008
Housing Conditions:
Foreclosure/Short Sale Listings (6/12/2008): Total Listings 20,675; Short Sales: 5576, 27% of all listings; Bank Owned Listings: 4287, 21% of all listings. Short sale and REO listings consume 47.7% of total listings
New Home Sales (April 2008, units sold): 749 Year … (2 comments)
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las vegas foreclosures: Las Vegas Bank Owned Opportunity - With Strip Views - 06/12/08 05:27 PM
… (0 comments)
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las vegas foreclosures: FHA Loans - Stoves NOT Required - 06/11/08 10:43 PM
With the REOs out there, it isn't unusual to run into home where the
appliances moved out with the former owners. Unfortunately these foreclosure
bargains are also in the price range of many hoping to use FHA loans. There was a
general opinion out there that a stove had to be in the home … (7 comments)
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las vegas foreclosures: Amid housing mess, a new boom is starting - 06/08/08 10:16 PM
Lenders slash prices to dump foreclosures, days of multiple offers return
Its Back.........Multiple offers are coming back because of low prices....recently I saw a home in SW Vegas first day on the market get 20 offers!!!!! This sort of activity is happening all over the Las Vegas Valley, and I expect … (16 comments)
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las vegas foreclosures: Las Vegas - Letter to Anthem Country Club Homeowner's Association - 06/08/08 06:57 PM
Fellow Anthem Homeowners:
Unfortunately, like most homeowners in Anthem Country Club, I have left it to others to determine the fate of our community, trusting that those who choose to volunteer will always act in our best interests. Volunteering for a seat on an HOA board is usually a pretty thankless … (1 comments)
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las vegas foreclosures: Sky Las Vegas Foreclosure- Just Hit the Market - 06/06/08 01:23 AM
Uh-oh! The first foreclosure in SKY LAS VEGAS, the only high rise condo located directly on the strip has hit the MLS today! Originally sold in the high $600k range - the bank has placed this luxury high rise condo repo on the market at only $ 524,900. This 2 bedroom … (1 comments)
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las vegas foreclosures: Las Vegas NV June 2008 REO Inventory Update: 2.9 Months Inventory, WOW! HOT Seller's Market! - 06/03/08 08:25 PM
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are enjoying a HOT SELLER'S MARKET! Inventory has risen slightly (+218 units), Pendings have risen DRAMATICALLY (+763 units.) Closing data is up up UP at + 442 units.
Inventory holding steady. Absorption rate is 2.9 months.
There are some wild numbers out there in the blogosphere in regards … (9 comments)
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las vegas foreclosures: Las Vegas, NV June 2008 Short Sale Inventory Update: 2.7 Years - 06/03/08 08:13 PM
The absorption rate for Las Vegas Short Sales has dropped by 1/2 year from April to May 2008. Inventory has risen dramatically (+284 units). Pending units has also risen dramatically by +291 units. This is because the MLS board is REQUIRING agents to change status with an offer and make it contingent … (0 comments)
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las vegas foreclosures: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated June 3, 2008 - 06/03/08 08:07 PM
This Rhodes Ranch Area resale market report was generated on June 3, 2008 (graph on bottom):
Active Listings: 371
Under Contract: 208
Sold 4/19-5/19/2008: 67
Months Inventory: 5.53
Low: $92,900; High: $3,490,000; Median: 229900(listing prices only)
Rental Market Report generated on June 3, 2008 (graph on top):
Active Listings: 59
Under … (0 comments)
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las vegas foreclosures: Las Vegas Home Prices Falling !!! - Or are they? - 06/02/08 04:37 AM
You hear it in the news, Las Vegas home prices and those across the
nation continue to fall into the abyss. This perception is keeping the value of the dollar down, something that we all pay for at the pump and the grocery store, to name a few. Worse yet for … (7 comments)
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las vegas foreclosures: Las Vegas real estate buyers - 06/01/08 03:36 PM
… (1 comments)
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las vegas foreclosures: Las Vegas High Rise Condo Foreclosure at Metropolis - 05/27/08 10:34 AM
Just listed in the MLS last week, this 2 story Loft Style high rise condo at Metropolis looks like a solid value. Approximately 3150 sq. ft., facing the WYNN GOLF COURSE with views of the Las Vegas Strip as a backdrop, the bank has priced this one to sell. Original cost … (0 comments)
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las vegas foreclosures: Las Vegas Foreclosures Update - 05/21/08 04:53 PM
With so many Las Vegas buyers focusing on short sales and foreclosures, many really good resale deals get passed up. And many tremendous new home with incentives galore are being overlooked. In many cases, dealing with the banks and brokerages reprenting so many foreclosed properties can be such a harrowing experience, and … (0 comments)
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las vegas foreclosures: Las Vegas, NV Real Estate: Those Pendings are Still Marching Upward! - 05/19/08 04:28 PM
ABSORPTION IS DOWN over 2.3 months in less than a month! Current absorption is hovering between 10-11 months of inventory. There has been a dip in average prices in the rental market. I think the renters are turning into buyers and when we should be seeing a seasonal rise in rentals, … (6 comments)
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las vegas foreclosures: Las Vegas, NV May 2008 High Rise Inventory Update: 3.6 years! (no change) - 05/13/08 09:37 AM
We have seen the Las Vegas, NV high rise real estate market have a phenomenal (and scary) jump in inventory in the last several months. For several reasons:
Too many speculators in that market. They want to close n flip. They are not interested in holding, renting or living in … (3 comments)
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las vegas foreclosures: WYNN Las Vegas Expansion Plans - 05/11/08 02:03 PM
With WYNN's Encore getting ready for completion, the visionary Steve Wynn has announced plans for the next phase of expansion at the north end of the strip. How clever was Steve Wynn to purchase the former Desert Inn golf course? With land values so dear, he is in the driver's … (0 comments)
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las vegas foreclosures: Anthem Country Club Foreclosures - 05/11/08 12:23 PM
Anthem Country Club is one of the most unique communities in Henderson NV. Offering a guard gated country club environment and an amenity rich lifestyle, it offers a nice alternative to high rise living. Many high rise buyers want the terrific swimming pool, fabulous security, an amazing fitness center, on … (0 comments)
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las vegas foreclosures: Make Your Move On A New Home In Las Vegas - 05/09/08 07:18 PM
ViewLasVegasRealEstate.com -- your source for up to the moment, expert information on
foreclosures
investment properties
Las Vegas
new MLS property listings
Las Vegas
high rise condos
vacation condominiums
new Las Vegas home construction
To Find the BEST VALUED homes for FREE visit Las Vegas … (0 comments)
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las vegas foreclosures: Are you marketing to where the market is going or to where it has been? - 05/08/08 06:16 PM
As a young boy Wayne Gretzky's father told him "skate to where the puck is going, not to where it has been" by following that advice he was a star at a young age. By the time he was 17, he was playing for the Indianapolis Racers in the World Hockey … (0 comments)
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las vegas foreclosures: Las Vegas, NV April 2008 REO Inventory Update: A Seller's Market @ 4 Months Inventory - 05/05/08 01:40 PM
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen DRAMATICALLY (+1535 units), Pendings have risen DRAMATICALLY (+1509 units.) Closing data is unavailable due to MLS changes last month (SORRY!)
Just like I mentioned last month, the inventory has risen dramatically! Luckily pendings have also. Are banks holding on … (3 comments)
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las vegas foreclosures: (Las Vegas, NV) Hi Ho Hi Ho It's Back to the Bank It Goes: Reflections from an Owner Occupied Living in the Land of the Foreclosed - 05/01/08 06:52 PM
Some days are a surge of excitement, for all the job opportunity I have here, and some days it is infuriating, like living next to a pre-foreclosure and hearing from renters losing their security deposits from being foreclosed on.
When I saw the Manhattan mid rises going back to the bank in … (20 comments)
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las vegas foreclosures: Looking for a Vegas Summerlin Home That is Priced Better than a Foreclosure? - 04/30/08 10:51 PM
… (2 comments)
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las vegas foreclosures: Economic Conditions for the Las Vegas Valley April 2008 - 04/29/08 06:32 PM
Economic Conditions for the Las Vegas Valley March 2008
Housing Conditions:
Foreclosure/Short Sale Listings (4/29/2008): Total Listings 21,669; Short Sales: 5270, 24% of all listings; Bank Owned Listings: 3859, 17% of all listings. New Home Sales (March 2008, units sold): 869 Year Change -29.3% (excl condo conversions, highrises) New Home Sales (March 2008, median … (1 comments)
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las vegas foreclosures: Las Vegas, NV Real Estate: Owner Will Carry (OWC) and Lease Options - 04/29/08 05:49 PM
This is a primer (not intended legal advice, just my astute market observations as a real estate licensee in the state of Nevada) for anyone who is looking to Purchase or Sell using one of these types of financing. This post was prompted by Jeff Turner's most excellent post in response … (16 comments)
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las vegas foreclosures: Las Vegas High Rise Foreclosure Deal at Metropolis - 04/27/08 04:01 PM
Las Vegas High Rise Condo Foreclosure Deal
Metropolis Unit # 1703
CLICK TO VIEW INFO
Every day we get calls asking about high rise condo foreclosures near the strip. There are not many. Once in awhile, a great value appears. We believe this Metropolis beauty is a solid value. Buyers must be prequalified with … (0 comments)
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las vegas foreclosures: Las Vegas Summerlin Home In Gated Desert Bloom - Priced Better Than Any Foreclosure! - 04/20/08 11:09 PM
Gorgeous Summerlin Home in Gated Desert BloomLocation: SummerlinWelcome to the beautiful community of Desert Bloom in the heart of Summerlin. Stunning & Immaculate 2 story easy-care home with 2 bedrooms, 2.5 bathrooms, and a loft! Squeaky Clean! Tiled Counters and Floors in the Kitchen. All Appliances. Outdoor Patio! Just steps from … (0 comments)
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las vegas foreclosures: Las Vegas, NV Pendings STILL on the Rise, Absorption Rate is Looking Good! - 04/16/08 10:00 PM
ABSORPTION IS DOWN over 4.5 months in less than a month! Current absorption is hovering between 12-13 months of inventory. There has been a dip in average prices in the rental market. I think the renters are turning into buyers and when we should be seeing a seasonal rise in rentals, … (3 comments)
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las vegas foreclosures: Las Vegas, NV REO Inventory Update March 2008 - 04/16/08 09:47 PM
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen slightly (+161 units), Pendings have fallen slightly -77 units. Closing data is unavailable due to MLS changes (SORRY!) ALSO~ since these numbers were pulled (13 days ago) inventory has risen by 1000 units.
I would say with … (3 comments)
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las vegas foreclosures: Las Vegas, NV Short Sale Inventory Absorption Update March 2008: 4.7 Years! - 04/16/08 09:35 PM
The absorption rate for Las Vegas Short Sales has dropped by 1 year from February - March 2008. Inventory has risen dramatically (+402 units). Pending units has also risen dramatically by +348 units. This is because the MLS board is REQUIRING agents to change status with an offer and make it … (0 comments)
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las vegas foreclosures: Las Vegas, NV Valley High Rise Absorption Update: 3.6 Years! - 04/16/08 09:28 PM
We have seen the Las Vegas, NV high rise real estate market have a phenomenal (and scary) jump in inventory in the last several months. For several reasons:
Too many speculators in that market. They want to close n flip. They are not interested in holding, renting or living in them. Each … (3 comments)
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las vegas foreclosures: Making an Offer Subject to a Short Sale on Las Vegas Homes - 04/01/08 03:13 AM
Of all the types of distressed properties, shortsales are probably the hardest to close escrow on. Often the seller is still living in the property. He or she may have invested their life savings making a down payment that has disappeared with a declining market. They are upset that they are … (1 comments)
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las vegas foreclosures: Las Vegas, NV Valley Economic Conditions March 2008 - 03/31/08 11:13 AM
Economic Conditions for the Las Vegas Valley February 2008
Housing Conditions:
Foreclosure/Short Sale Listings (3/31/2008): Total Listings 22,502; Short Sales: 5138, 22% of all listings; Bank Owned Listings: 2175, 9.6% of all listings. New Home Sales (February 2008, units sold): 786 Year Change -31.2% (excl condo conversions, highrises) New Home Sales (February 2008, median … (0 comments)
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las vegas foreclosures: Bank Owned Las Vegas Homes for Sale - 03/28/08 11:26 PM
According to the latest February Trustees report provided by First American Title, the number of Bank Owned Las Vegas Homes does not appear to have any future supply problems.
As you'll notice, not too many get rich in pre-foreclosures or Trustee sales going on here with the vast majority of ownership for these Las … (0 comments)
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las vegas foreclosures: Differences Between Short Sales and Bank REOs or Repos - 03/27/08 04:17 AM
As you know, it is a great time to be a "buyer" in our Las Vegas real estate market. Pricing on homes is almost back to the 2005 level, with many of them reduced to be "moved" by the banks. Bank repos, also known as REOs (real estate owned), are properties that have … (0 comments)
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las vegas foreclosures: Las Vegas Foreclosures - 03/25/08 11:31 PM
Las Vegas Foreclosures
Everyone wants a great deal on a home, especially foreclosed homes. Once we have established a working relationship, I will seat you in front of a 42" screen TV at Realty World Luxury Homes's office at 6131 S. Rainbow, and show you the Las Vegas Foreclosure Market before your very eyes.
Great deals are to … (2 comments)
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las vegas foreclosures: Las Vegas real estate and foreclosure market. - 03/25/08 11:05 AM
The real estate market is bad, it is in a slump, it is declining, homes are not moving and so much more. I'm sure that if you turn on the tv you have heard this more than once, but why aren't they reporting on what really is happening in the real … (1 comments)
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las vegas foreclosures: 2008 Already Shaping up to be a Better Year for Las Vegas Real Estate - 03/25/08 02:08 AM
The year 2007 was a rude awakening for owners of Las Vegas homes who found their properties steadily decreasing in value. Prices between November 2006 and November 2007 declined an estimated 10% and many of those who bought real estate during 2005 and 2006 found themselves owing more than their properties … (0 comments)
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las vegas foreclosures: Las Vegas Area Auction Update from my Buyer's Agent - 03/22/08 12:43 PM
We are representing several buyers at today's auctions.
He just called me and told me it is PACKED and some of these homes are going for incredibly low prices even with the amount of buyers.
He said they are going by area and the older homes are up first and it doesn't appear … (13 comments)
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las vegas foreclosures: Las Vegas Foreclosures and Auctions - Free Seminars on Buying a Dream Home, Not a Nightmare! - 03/20/08 04:33 PM
Everyone in the housing market these days is looking for a "steal." But around the country purchasers are finding that buying a property through foreclosure or at auction is not an easy process. There is no standardized format for purchasing, and banks and auction houses are selling these properties "as is, … (0 comments)
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las vegas foreclosures: Las Vegas, NV Pendings are still rising swiftly! - 03/20/08 10:52 AM
I thought we were going to cap off about a week and a half ago but we are still watching those pendings rise to the tune of 30-50 new pendings per day!
Currently our Las Vegas REO (bank owned, foreclosure) market has 4.5 months inventory and is definitely a seller's market. … (11 comments)
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las vegas foreclosures: General Las Vegas Real Estate Update - 03/19/08 10:44 PM
Today's blog is bits and pieces of things that are currently going on in the Las Vegas real estate market.Clark County commissioners have given final approval to plans for the $6 billion Las Vegas Plaza Hotel and Casino Resort (modeled after The Plaza Hotel in New York) to be built on … (0 comments)
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las vegas foreclosures: When Should You Lock your Loan Rate? - 03/18/08 02:25 AM
It's not bad enough that buyers are already leary of the the general Las Vegas real estate market. Borrowers also wonder if they should lock in interest rates on their new Las Vegas homes when they first apply for a loan, or should they wait and see where the market goes. … (0 comments)
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las vegas foreclosures: Las Vegas Foreclosures - The Walk Away Syndrome - 03/17/08 10:29 PM
A title company sent me a list of foreclosures for the week ending March 10th. I was shocked & amazed to see the volume each day. I was also intrigued by the names on the list, Many owners were real estate agents, a few acquaintances,willing to walk away.
I called a lender Friday on … (2 comments)
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las vegas foreclosures: Las Vegas Foreclosure List.....Get The Real Deal for Free! - 03/16/08 08:11 PM
In a previous blog about Las Vegas Foreclosures, I mentioned a certain 3BR,
2 bath and almost 1300 sf. Henderson, NV single family home that was on an
online foreclosure list, as a "new" REO (Bank Owned) listing and priced under
$30,000. This listing is fed to other real estate search sites, and … (4 comments)
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las vegas foreclosures: Tenants Beware of Deadbeat Landlords! - 03/16/08 12:48 PM
It is happening all over the country - unsuspecting tenants are returning home from work to find an eviction notice on the front door. The bank has aquired the property through foreclosure and the tenant has to get out of their current home within 30 days. The tenant almost never is … (1 comments)
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las vegas foreclosures: TURNBERRY PLACE VEGAS FORECLOSURE!!! - 03/15/08 02:02 AM
Turnberry Place Las Vegas has a brand new 17th floor Foreclosure Listing!
The Stark Team monitors the MLS for foreclosures in high rises & drastic price reductions daily.
CONTACT US for info on TURNBERRY Place's latest foreclosure REPO deal! 17th floor 2050 sq. ft. unit - all finished with bamboo flooring, etc. … (0 comments)
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las vegas foreclosures: Refinancing Your Home Profitably - 03/14/08 08:50 PM
For homeowners who thought the federal tax refund checks were a nice surprise, you may be a candidate to save a lot more than a few hundred dollars. Fixed interest rates are still at very affordable levels, so it may pay to pull out your mortgage note and do a bit … (1 comments)
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las vegas foreclosures: Las Vegas Broker Defaults on 118 Properties - 03/14/08 06:33 PM
It never fails, there is always someone who figures out a brilliant scheme to beat the system. But instead of leaving while they can, they get too greedy and end up with their hand caught in the cookie jar.Several years ago one such enterprising soul went around town and broke into … (0 comments)
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las vegas foreclosures: Beautiful Home! ALMOST $200K BELOW MARKET! - 03/10/08 02:59 AM
… (1 comments)
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las vegas foreclosures: Las Vegas Area Foreclosure Listings - do you have the whole story? - 03/06/08 10:35 PM
I had a call this morning about an online foreclosure listing for here in Henderson, NV. This single family 4BR home was supposedly listed in the $40,000 range, and had the street address. I immediately knew this wasn't possible. I wish there were homes priced like that, I'd be out buying … (8 comments)
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las vegas foreclosures: Las Vegas Foreclosure News-The Banks are Playing SLASH & SELL! - 03/03/08 01:31 AM
The Bubble Masters
A few days ago I was contacted by an investor and asked to research some Las Vegas foreclosures, in the single family home and Las Vegas condo sector, priced between $100k-$150k. I usually deal in higher end properties, high rise condos and luxury hotel-condos and was not familiar with … (2 comments)
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las vegas foreclosures: Las Vegas, NV: The Auctions Are Coming, The Auctions Are Coming!! - 03/02/08 09:49 AM
How exciting that we get to have more auctions on the way when the December auctions did a great job stimilating interest in our real estate market, specifically REO (bank owned) listings.
My leads have switched from rental leads to buyer contacts overnight. Price corrections mean that renters, who have the income … (9 comments)
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las vegas foreclosures: Las Vegas, NV REO February 2008 Inventory Absorption Update: 5.3 MONTHS!!! - 03/01/08 04:20 PM
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen slightly (+66 units), Pendings have risen DRAMATICALLY (almost double in one month +538 units) and closings have gone up considerably too (+175 units). Monthly absorption rate down slightly by almost two months!
I would say with the … (13 comments)
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las vegas foreclosures: Las Vegas Appreciation map as reported by the Review Journal - 03/01/08 02:07 AM
The Annual Las Vegas Appreciation MapAw yes, it's the dreaded time of year when the Las Vegas review journal releases their zip code map showing appreciation or depreciation rates from the following year.
I don't know if anybody ever reads the article that goes along with it but as the creator of … (1 comments)
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las vegas foreclosures: Turnberry Las Vegas Condos- Some are Priced Better Than Foreclosures - 02/26/08 03:01 PM
Each day, I get inquiries asking about Las Vegas high rise condo foreclosures from out of state would be buyers. Many of these inquiries are from folks in the northeast, longing for a winter pad near the world famous Las Vegas strip where they can get away from the gloomy grey … (0 comments)
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las vegas foreclosures: Las Vegas Condo Foreclosure at Metropolis - REDUCED AGAIN! - 02/26/08 02:38 PM
Las Vegas foreclosures abound in the single family home sector of the Vegas real estate market, but they are few and far between in the Las Vegas High Rise market. The Stark Team tracks luxury high rise foreclosures daily & we have come up with a great one!
CLICK TO VIEW THE … (0 comments)
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las vegas foreclosures: Economic Conditions for the Las Vegas Valley February 2008 - 02/24/08 04:39 PM
Economic Conditions for the Las Vegas Valley December 2007
Housing Conditions:
Foreclosure/Short Sale Listings (2/23/3008): Total Listings 23269; Foreclosures Commenced: 1820, 7.8% of all listings; Short Sales: 4731, 20.3% of all listings; Bank Owned Listings: 2190, 9.4% of all listings. New Home Sales (December 2007, units sold): 1235 Year Change -48.2% (excl … (6 comments)
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las vegas foreclosures: Las Vegas, NV Real Estate: Pendings Up 536 Units in 11 Days! - 02/21/08 09:17 AM
Las Vegas, NV Area Pendings for single family, condos and townhomes are up 536 units in 11 days and listings are down 332 units in the same time frame.
Buyer interest is ranging from first time buyer to experienced investor. The frenzy is mainly due to swiftly rising rents and declining REO and … (24 comments)
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las vegas foreclosures: Las Vegas, NV Area Bank Owned Listings: We Are Seeing a Seller's Market! - 02/17/08 12:07 PM
The bank owned market is officially a seller's market. We have seen all the signs in the last two months as the December auctions have jump started the interest in this market!
I am EXTREMELY happy to report that since those December auctions: Listings have stayed stable, Pendings have tripled and Sales … (16 comments)
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las vegas foreclosures: Summerlin Hills Village Las Vegas Foreclosure - 02/17/08 12:04 PM
I had a client ask me to research foreclosures in zipcode 89134, which is comprised of the HILLS and TRAILS villages of Summerlin NV. I found this great one on FAYWOOD Street. That street ends in a cul de sac and is so conveniently located near the Trails park, and all … (0 comments)
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las vegas foreclosures: Las Vegas Foreclosures - The New Hot Spot in Las Vegas Real Estate - 02/17/08 10:31 AM
Welcome to my new Active Rain Group - Las Vegas Foreclosures. I was watching the local news this morning and saw a story on a local Las Vegas real estate company loading up a tour bus that was packed with buyers touring foreclosed homes in Summerlin, and the SW area of … (5 comments)
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las vegas foreclosures: Las Vegas Real Estate Prices Continue to be Reduced - 02/15/08 11:08 AM
The latest seven day price reduction report is showing up as 2,971 Las Vegas homes reduced in price for the past seven days. Since I first started glancing at this back in January it's been consistently hovering right under the 2,000 range until I noticed the big number for today.
For Las … (1 comments)
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las vegas foreclosures: Las Vegas, NV Real Estate Good News: Listings Down, Pendings Up! - 02/10/08 10:06 AM
Las Vegas NV Residential Real Estate still has a long way to go BUT with listings down since December and pendings up, it shows the market is M-O-V-I-N-G!!
Using statistics from my December Slice-of-Pie reports here is the good news:
All SFR, Townhome, Condo Listings:
Listings (12/9/2007): 25691 Under Contract (12/9/2007): 2304 Sold … (10 comments)
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las vegas foreclosures: Las Vegas Area First Time Buyer: Rent or Buy? - 01/27/08 08:05 PM
Purchasing a home for the first time can be a scary process. What is even more scary is our rental market which has tightened up since the credit crunch! If you have large dogs, expect a denial just because of them! How about rental homes getting foreclosed on and the tenants … (18 comments)
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las vegas foreclosures: Las Vegas, NV REO Inventory Update January 2008: 7.3 Month's Inventory! - 01/27/08 01:15 PM
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen slightly (+158 units), Pendings have risen considerably (+174 units) and closings have gone up too (+76 units). Monthly absorption rate down slightly by almost two months!
This market is swinging into a neutral seller's market and judging … (2 comments)
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las vegas foreclosures: Las Vegas, NV Valley High Rise Inventory Absorption Update January 2008: 3.9 Years! - 01/27/08 12:53 PM
We have seen the Las Vegas, NV high rise real estate market have a phenomenal (and scary) jump in inventory in the last several months. For several reasons:
Too many speculators in that market. They want to close n flip. They are not interested in holding, renting or living in them. Each … (2 comments)
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las vegas foreclosures: How to prevent foreclosure. Part I - 01/22/08 10:16 PM
It's no secret that the country as a whole is going through quiet a bit of a housing problem. Las Vegas real estate ranks at the top of the list for homes being lost, but they don't all have to be.
We are creatures of habit, and most people that have found themselves in … (0 comments)
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las vegas foreclosures: Las Vegas, NV Foreclosure Listings: Pendings See No Signs of Slowdown - 01/20/08 08:38 PM
Pendings are still rising 6 weeks post Las Vegas Foreclosure auctions! Six weeks post we are looking at rising closings (+8 Units/one week) and pendings rose at a nice rate when I expected them to start leveling off (+51 Units/one week)! Yes we are seeing listings rise (+34 units/one week). … (7 comments)
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las vegas foreclosures: Why I Declined an Interview with a Major News Outlet: - 01/18/08 08:00 AM
I got a call late Monday to be interviewed with a major cable news outlet. Several people are kicking my butt (son included) because I declined the interview.
Why would I do such a thing?
First of all the inital conversation with the outlet did NOT start out well.
"We want you to … (37 comments)
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las vegas foreclosures: Las Vegas, NV Foreclosure Listings: Five Weeks Post Auction, Pendings are Still Rising!! - 01/14/08 04:36 PM
Pendings are still rising 5 weeks post Las Vegas Foreclosure auctions! Five weeks post we are looking at rising closings (+10 Units/one week) and pendings rose at a nice rate when I expected them to start leveling off (+66 Units/one week)! Yes we are seeing listings rise (+51 units/one week). … (8 comments)
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las vegas foreclosures: Turnberry Place Las Vegas Penthouse Foreclosure Update - 01/07/08 01:58 PM
The penthouse unit at Turnberry Place Las Vegas that was listed by the bank at $ 1,899,000 was placed into PENDING status in our MLS this morning. Didn't take too long to sell - less than 2 weeks. Just goes to show that when the price is right in a luxury high rise … (0 comments)
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las vegas foreclosures: Las Vegas, NV Short Sales: The Scoop - 01/07/08 09:53 AM
Short sale listings in Las Vegas, NV are attractive to buyers because of price. Almost 1 in 6 listings in the valley (4186/24005) are short sales. Only 1 in 13 are in contract (324/4186). Only 1 in 6 close (56/324). Those numbers are dismal for the short sale seller or buyer. Listing … (12 comments)
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las vegas foreclosures: Las Vegas, NV Foreclosure Listings: Four Weeks Post Auction, Absorption is Healthy! - 01/06/08 02:53 PM
Pendings have risen well over the 500 I predicted several weeks ago from these Las Vegas Foreclosure auctions! Four weeks post we are looking at rising closings (+40 Units/one week) and pendings are still rising but at slower levels and remaining steady (+12 Units/one week)! Yes we are seeing listings rise … (1 comments)
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las vegas foreclosures: Las Vegas High Rise Condos Trends as we Begin the New Year - 01/06/08 01:29 AM
What's Hot & What's Not? We have been inundated with calls for luxury high rise condos on & near the Las Vegas strip. Let's face it, Vegas is fun & the strip is in a process of re-inventing itself with cranes in the air wherever you look.
What does the general public want? A … (1 comments)
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las vegas foreclosures: Economic Conditions for the Las Vegas Valley December 2007 - 01/03/08 10:58 PM
Economic Conditions for the Las Vegas Valley November 2007 Housing Conditions:
Foreclosure/Short Sale Listings (1/3/3008): Total Listings 23973; Foreclosures Commenced: 1244, 5% of all listings; Short Sales: 4131, 17% of all listings; Bank Owned Listings: 2183, 9% of all listings. New Home Sales (October 2007, units sold): 1170 Year Change -45.5% … (0 comments)
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las vegas foreclosures: SW Las Vegas Bank Owned Listing: $207K, No HOAs, 1568 Sq Feet! - 01/03/08 10:34 PM
Bank Owned in SW Las Vegas!Location: Sierra Madre @ Rhodes RanchNO HOA's!!! Great area near schools, hospitals, shopping, professional offices and restaurants. Super proximity to the 215/Durango. For area information: www.SierraMadre411.com and for more information on this house including a virtual tour and floorplan go to: www.ReneeBurrows.com/7028InformationContact InformationRenee Burrows702-580-1783renee@reneeburrows.comContact Reply FormForward … (0 comments)
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las vegas foreclosures: Southwest Las Vegas Real Estate: Bank Owned & Major Price Reduction. Rhodes Ranch $127/Square Foot - 01/01/08 06:53 PM
Bank Owned in Rhodes Ranch!Location: Rhodes RanchBank Owned Home in Rhodes Ranch! Rhodes Ranch features: community golf, a water park & a community center just to name a few of the amenities. To see more on Rhodes Ranch go to: www.LivingAtRhodesRanch.comTo view more pictures go to: www.ReneeBurrows.com/142InformationContact InformationRenee Burrows702-580-1783Contact Reply FormForward … (3 comments)
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las vegas foreclosures: Southwest Las Vegas Real Estate: Bank Owned & Major Price Reduction: Single Family $179,900 - 01/01/08 06:23 PM
Bank Owned in Southwest Las VegasLocation: Liberty @ Warm SpringsCharming Patio Home. Community playground. Walking distance to shopping, professional offices, restaurants and local gaming. Great access to the south 215/Durango.To view the virtual tour (more pictures) and floor plan go to: www.ReneeBurrows.com/7246InformationContact InformationRenee Burrows702-580-1783Contact Reply FormForward to a FriendView Other FlyersPricingAsking … (2 comments)
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las vegas foreclosures: Las Vegas Foreclosures - What Communities Buck the Trend? - 12/31/07 03:35 PM
Having been in the business quite some time, the very few Las Vegas foreclosures that I used to deal with years ago were given to me from a lovely lady and compassionate foreclosure specialist working at the bank. I had to help "encourage" the people who were essentially squatting in their … (3 comments)
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las vegas foreclosures: Turnberry Las Vegas High Rise Condo Foreclosures? Is this a Sign of thing to come in 2008? - 12/31/07 12:21 AM
I came across some interesting stats last week about Las Vegas real estate & the myriad of Las Vegas foreclosures on the market. Then I decided to research recent foreclosures in the MLS in the high rise arena. I already was aware that there were 11 foreclosures in Turnberry Place that were … (5 comments)
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las vegas foreclosures: Las Vegas Foreclosure Listings: Three Weeks After Auctions, ABSORPTION BEGINS! - 12/30/07 01:20 PM
Pendings have risen well over the 500 I predicted several weeks ago from these Las Vegas Foreclosure auctions! Three weeks post we are looking at rising closings (+6 Units/one week) and rising pendings (+13 Units/one week)! Yes we are seeing listings rise (+38 units/one week). I am almost wondering if … (10 comments)
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las vegas foreclosures: Nevada Takes Title For Fastest Growing State Again! - 12/29/07 11:14 PM
Nevada is once again the fastest growing state!!! Arizona took that title the past two years.
The anticipation is being felt in the form of higher multi family building units being permitted as less people can get a loan to buy a home right now. I pull these statistics monthly and … (13 comments)
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las vegas foreclosures: Las Vegas Foreclosure Inventory Update December 2007: 9.0 Months of Inventory! - 12/26/07 06:56 PM
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen slightly (+121 units), Pendings have risen considerably (+204 units) and closings have gone up too (+27 units). Monthly absorption rate down slightly by a half a month!
Current Listed Bank Owned Statistics:
Listings (12/26/2007): 2150Under Contract (12/26/2007): … (4 comments)
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las vegas foreclosures: SKy Las Vegas Condo 1 Bedroom Beauty! Better price than a Foreclosure! 25th Floor! MUST SELL! - 12/24/07 09:49 PM
… (1 comments)
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las vegas foreclosures: Las Vegas Foreclosure Stats: Two Weeks After the Auctions - 12/23/07 01:45 AM
I may have been a little conservative when I estimated weeks ago that we would see 500 pendings rise from these Las Vegas Foreclosure auctions! Two weeks post we are looking at rising closings and rising pendings (+57 Units)! Yes we are seeing listings rise (+13 units), not to outpace the … (0 comments)
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las vegas foreclosures: Las Vegas Foreclosures - This Metropolis High Rise is a DEAL! - 12/17/07 09:09 PM
Las Vegas Bank Owned Foreclosure in METROPOLIS - 3 bedrooms - 17th Floor - 2744 Sq. Ft - $ 870,000
Original Purchase Price - 2006 - $ 1,250,000
VIEW TOUR
With all the foreclosed bank owned property glutting the Las Vegas real estate market today, every once in a while something screams out "BUY … (1 comments)
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las vegas foreclosures: Turnberry Towers Las Vegas High Rise Condo - Desperate Seller Bargain - 12/16/07 11:10 PM
Turnberry Towers East is the newest Las Vegas Luxury High Rise Condo to enter the Las Vegas real estate market. Offering amazing Las Vegas strip views coupled with Golf Course Views of the Las Vegas Country Club - This Luxury condo in Turnberry Towers tower redefines Las Vegas Luxury Condo living … (0 comments)
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las vegas foreclosures: Where is Your Slice of the Pie? Las Vegas November 2007 Macros Broken Down! - 12/16/07 03:15 PM
All SFR, Townhome, Condo Listings:
Listings (12/9/2007): 25691Under Contract (12/9/2007(: 2304Sold November: 1137Month's Inventory: 22.5 All SFR Listings:
Listings (12/9/2007): 20241Under Contract (12/9/2007): 1886Sold November: 956Month's Inventory: 21.2
All Condo Listings (Excluding High & Mid Rise)
Listings (12/9/2007): 2957Under Contract (12/9/2007): 198Sold November: 82Month's Inventory: 36.1
All High Rise Condominium Listings:
Listings (12/9/2007): 854Under … (7 comments)
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las vegas foreclosures: Las Vegas Foreclosure Stats: One Week Past the Last Auction - 12/16/07 12:50 PM
YES! We hit the magic 500 Las Vegas Foreclosure pending number that I predicted several weeks ago. There are exactly 500 REO listings under contract as of today. That is +64 units from last week, up 123 units from two weeks ago, and up 214 units from October 2007 (a mere … (6 comments)
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