las vegas nv real estate: Natural Market Forces are Not Even Allowing DPA in Some Parts of Vegas! - 07/25/08 07:04 PM
I think we need to hold the phone in regards to property values falling because of lack of Down Payment Assistance (will be referred to as DPA from now on) for FHA Loans.
Average sold prices declined June 2007-June 2008: -37.4% for SFR and -32.8 for Condo/Townhomes.
With ever changing underwriting guidelines and … (4 comments)
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las vegas nv real estate: Nevada's Millenium Scholarship for Graduating Nevada High School Students - 07/24/08 03:12 PM
The Nevada Millenium Scholarship was designed and enacted in 1999 to keep Nevada's brightest students in the Nevada higher learning institutions. Eligibility requirements are currently defined in the NRS code 316.911-938
For 2008:
Must attend a Nevada high school for two years or more as defined by NV Board of Regents
Carry a … (5 comments)
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las vegas nv real estate: Las Vegas NV Area Real Estate Professionals Weekly Featured Posts (7/13-7/19/2008) - 07/19/08 05:10 PM
Here are the public weekly featured posts for the Las Vegas Area Real Estate Professionals Group:
This is Business - It's Not Personal by Patrick Sybilrud
Visit a farm and pick your produce, in Las Vegas! by Denise Willer
Real Estate Agent Scam Revealed! by Roberta LaRocca
What the Las … (6 comments)
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las vegas nv real estate: Back Away From the Infomercials: Las Vegas, NV Area Probate Property Isn't That Easy to Acquire at a Discount! - 07/18/08 07:41 PM
Alright, inquiry after inquiry on probate listings and I am wondering what's up.
Then I am flipping through the channels and I see it plain as day. Buy probate properties for pennies on the dollar and resell for ginormous profits AND the ancient tbird in the garage for 2K and resell it … (1 comments)
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las vegas nv real estate: 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 nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated July 15, 2008 - 07/17/08 05:35 PM
This Rhodes Ranch Area resale market report was generated on July 15, 2008 (graph on bottom):
Active Listings: 373
Under Contract: 210
Sold 6/7-7/7/2008: 73
Months Inventory: 5.1
Low: $84900; High: $3,490,000; Median: 220000(listing prices only)
Rental Market Report generated on July 15, 2008 (graph on top):
Active Listings: 67Under Contract: 14
Leased … (3 comments)
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las vegas nv real estate: 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 nv real estate: Las Vegas NV Area Real Estate Professionals Weekly Featured Posts (7/5-7/12/2008) - 07/12/08 03:16 PM
Here are the weekly featured posts for the Las Vegas Area Real Estate Professionals Group:
The Death of the Downpayment Assitance Program by Aaron Gordon
Las Vegas Economic Indicators... The Optimist Review by Arina Hanciulescu
Calling All Lenders - Who is Financing the Las Vegas Condo-Hotels by June Stark
Station … (5 comments)
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las vegas nv real estate: Las Vegas Real Estate Gaining Strength! - 07/12/08 01:57 PM
The Greater Las Vegas Association of Realtors just released a report this month announcing an increase in sales of Las Vegas Real Estate for the sixth straight month in June. Approximately 2,226 Las Vegas Homes were sold in June, which was up 50.8% from the same month a year ago and … (1 comments)
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las vegas nv real estate: Las Vegas, NV Short Sale July 2008 Inventory Update: Absorption Stable BUT Still 2.7 Years - 07/07/08 08:36 PM
The absorption rate for Las Vegas Short Sales has remained stable from April - June 2008. Inventory has risen dramatically (+272 units). Pending units has also risen dramatically by +192 units. This is because the MLS board is REQUIRING agents to change status with an offer and make it contingent on … (0 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated July 3, 2008 - 07/07/08 08:21 PM
This Rhodes Ranch Area resale market report was generated on July 3, 2008 (graph on bottom):
Active Listings: 372
Under Contract: 204
Sold 5/25-6/25/2008: 85
Months Inventory: 4.4
Low: $82900; High: $3,490,000; Median: 219000(listing prices only)
Rental Market Report generated on July 3, 2008 (graph on top):
Active Listings: 57Under … (0 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated June 12, 2008 - 06/12/08 07:03 PM
This Rhodes Ranch Area resale market report was generated on June 12, 2008 (graph on bottom):
Active Listings: 377
Under Contract: 209
Sold 4/19-5/19/2008: 79
Months Inventory: 4.8
Low: $92,900; High: $3,490,000; Median: 225000(listing prices only)
Rental Market Report generated on June 12, 2008 (graph on top):
Active Listings: 56
Under … (0 comments)
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las vegas nv real estate: Las Vegas, NV June 2008 Area Pendings Report: Still UP UP UP! - 06/12/08 06:55 PM
ABSORPTION continues the slow downward track! Down 1.7 months from last month. Current absorption is hovering between 8-9 months of inventory. Stabilization is coming into the picture!
Here is a snapshot of valley listings:
(Nov/Dec 2007) All SFR, Townhome, Condo Listings:
Listings (12/9/2007): 25691
Under Contract (12/9/2007): 2304
Sold November: 1137
Month's … (5 comments)
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las vegas nv real estate: Las Vegas NV May 2008 Rental Home Report - 06/12/08 06:46 PM
Rental Homes with pools are in very large demand with summer on the horizon. Renters are turning into buyers so we are seeing *a little* pressure taken off of the renter's market
Units Leased:
May 2008: 1554
April 2008: 1536
March 2008: 1531
February 2008: 1632
January 2008: 1500
December 2007: … (0 comments)
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las vegas nv real estate: Las Vegas, NV June 2008 High Rise Inventory Update: Slightly Down at 2.8 Years - 06/12/08 06:41 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 … (1 comments)
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las vegas nv real estate: 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 nv real estate: 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 nv real estate: 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 nv real estate: 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 nv real estate: Henderson, NV Green Valley Pool Home For Sale: $550K! - 06/03/08 07:59 PM
Pool Home in Green Valley RanchLocation: Green Valley RanchFor More Photos, Virtual Tour and Current Pricing Go To: www.ReneeBurrows.com/1855FeaturesBedrooms: 4Bathrooms: 3Year Built: 2000Subdivision: Green Valley RanchLot Size: 6981Garage Size: 3School District: CCSDSquare Footage: 3181Agent Name: Renee BurrowsBroker: Nevada Realty SolutionsMLS #: 831258InformationContact Information Renee Burrows702-966-2494Contact Reply FormForward to a FriendView Other … (0 comments)
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las vegas nv real estate: SW Las Vegas, NV Four Bedroom Home For Sale: $194000! - 06/03/08 07:57 PM
4 BR Single Family in SW! Unbelievable Price!Location: Eldorado & LindellBank Owned! For the virtual tour or floorplan go to: www.ReneeBurrows.com/7443FeaturesBedrooms: 4Bathrooms: 3Year Built: 2004Subdivision: Eldorado & LindellLot Size: 2614Garage Size: 2School District: CCSDSquare Footage: 1746Agent Name: Renee BurrowsBroker: Nevada Realty SolutionsMLS #: 796589InformationContact Information Renee Burrows702-966-2494Contact Reply FormForward to a … (0 comments)
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las vegas nv real estate: SW Las Vegas, NV Three Story Home For Sale: $177000! - 06/03/08 07:55 PM
Three Story Home for Sale in Southwest Las Vegas!Location: South MountainBank Owned! For more pictures, the virtual tour, floorplan and most current pricing go to: www.ReneeBurrows.com/9383FeaturesBedrooms: 3Bathrooms: 3Year Built: 2006Subdivision: South MountainLot Size: 1742Garage Size: 2School District: CCSDSquare Footage: 1978Agent Name: Renee BurrowsBroker: Nevada Realty SolutionsMLS #: 830036InformationContact Information Renee Burrows702-966-2494Contact … (0 comments)
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las vegas nv real estate: Las Vegas, NV Summerlin Pool Home For Sale: - 05/30/08 06:14 PM
Summerlin Pool HomeLocation: Canyon Oaks (Summerlin)Spiral Staircase, Built in Murphy Bed in Secondary Room, Tile Floors, Two Tone Paint, Granite Countertops, Plantation Shutters, Intercom, Surround Sound, 3 (count em, THREE!) Fireplaces. Private Backyard Oasis Features: Pool, Spa, mature Landscaping and Built In BBQ. For more pictures/virtual tour go to: www.ReneeBurrows.com/2020InformationContact Information … (5 comments)
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las vegas nv real estate: SW Las Vegas, NV Patio Home For Sale: $179900 - 05/29/08 12:07 PM
SW Las Vegas Bank Owned SFR!Location: Huntington VillageFor More Information, Pictures, Virtual Tour or Floorplan go to: www.ReneeBurrows.com/532FeaturesBedrooms: 3Bathrooms: 3Year Built: 2006Subdivision: Huntington VillageLot Size: 2178Garage Size: 1School District: CCSDSquare Footage: 1337Agent Name: Renee BurrowsBroker: Nevada Realty SolutionsMLS #: 826021InformationContact Information Renee Burrows702-966-2494Contact Reply FormForward to a FriendView Other FlyersPricingAsking Price: … (2 comments)
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las vegas nv real estate: SW Las Vegas, NV Patio Home For Sale: $175000! - 05/28/08 06:21 PM
Charming SW Las Vegas Patio Home!Location: Westlake at Southwest RanchBank Owned and ready for a buyer! For more pictures, virtual tour and floor plan go to: www.ReneeBurrows.com/6380FeaturesBedrooms: 3Bathrooms: 3Year Built: 2004Subdivision: Westlake at Southwest RanchLot Size: 1742Garage Size: 2School District: CCSDSquare Footage: 1623Agent Name: Renee BurrowsBroker: Nevada Realty SolutionsMLS #: 825590InformationContact … (3 comments)
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las vegas nv real estate: SW Las Vegas, NV House For Sale: 5 Bedrooms Under $200K!! - 05/28/08 03:57 PM
5 Bedrooms in SW Under $200K!!Location: Woodside at Southwest RanchBank Owned ~ for more information, pictures, updated price, virtual tour or floorplan go to: www.ReneeBurrows.com/9624FeaturesBedrooms: 5Bathrooms: 3Year Built: 2003Subdivision: Woodside at Southwest RanchLot Size: 3485Garage Size: 2School District: CCSDSquare Footage: 1818Agent Name: Renee BurrowsBroker: Nevada Realty SolutionsMLS #: 821392InformationContact Information Renee … (2 comments)
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las vegas nv real estate: Las Vegas, NV Condo For Sale: Updated in the SW! (Lakes Area) - 05/16/08 12:51 PM
SW Las Vegas (Lakes Area) Condo!Location: Palisades PointFor More information, the virtual tour, floorplan and current pricing go to: www.ReneeBurrows.com/3320FeaturesBedrooms: 2Bathrooms: 2Year Built: 1997Subdivision: Palisades PointSchool District: CCSDSquare Footage: 1149Agent Name: Renee BurrowsBroker: Nevada Realty SolutionsMLS #: 804975InformationContact Information Renee Burrows702-966-2494Contact Reply FormForward to a FriendView Other FlyersPricingAsking Price: $180,000Property Location3320 … (1 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated May 13, 2008 - 05/14/08 05:30 PM
This Rhodes Ranch Area resale market report was generated on May 13, 2008 (graph on bottom):
Active Listings: 391
Under Contract: 206
Sold 4/5-5/5/2008: 50
Months Inventory: 7.8
Low: $89,900; High: $3,490,000; Median: 226,000(listing prices only)
Rental Market Report generated on May 13, 2008 (graph on top):
Active Listings: 62
Under … (2 comments)
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las vegas nv real estate: 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 nv real estate: Las Vegas, NV Condo For Sale, Bank Owned in SW @ $116,900!! - 05/06/08 06:24 PM
Condo in SW Las VegasLocation: Apache Springs Condo For more pictures or to view the floorplan go to: www.ReneeBurrows.com/9050FeaturesBedrooms: 2Bathrooms: 2Parking: 1Year Built: 2004Subdivision: Apache Springs Condo "The Falls"Located on Floor #: 2Floors in Bldg: 2School District: CCSDSquare Footage: 936Agent Name: Renee BurrowsBroker: Nevada Realty SolutionsMLS #: 822593InformationContact Information Renee Burrows702-966-2494Contact … (0 comments)
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las vegas nv real estate: Las Vegas, NV Rentals: LIVE LIKE A ROCK STAR IN PANORAMA! - 05/06/08 05:46 PM
Live Like a Rock Star in Panorama!Location: Panorama Towers 2Call for private viewing or to view any other high rise rental properties!!FeaturesBedrooms: 2Bathrooms: 2Located on Floor #: 18Square Footage: 1226Parking Spaces: 1Property Type: High RisePets Allowed: Cats & DogsYear Built: 2005School District: CCSDAgent: Renee BurrowsBroker: Nevada Realty SolutionsInformationContact Information Renee Burrows702-966-2494Contact … (0 comments)
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las vegas nv real estate: Las Vegas, NV Real Estate: A SFR for $154K in SW? NOT A SHORT SALE EITHER! - 05/06/08 05:30 PM
SW Las Vegas Courtyard Home For Sale!Location: Richmond at Rhodes RanchFor More Pictures + Floorplan go to: www.ReneeBurrows.com/9335FeaturesBedrooms: 3Bathrooms: 3Year Built: 2004Subdivision: Richmond at Rhodes RanchLot Size: 3485Garage Size: 2School District: CCSDSquare Footage: 1476Agent Name: Renee BurrowsBroker: Nevada Realty Solutions MLS #: 822583InformationContact Information Renee Burrows702-966-2494Contact Reply FormForward to a FriendView … (0 comments)
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las vegas nv real estate: Las Vegas, NV Real Estate: SW Charming Patio Home!! $173,900 - 05/06/08 04:55 PM
SW Patio Home!Location: Venezia at Rhodes RanchFor More pictures or floorplan go to: www.ReneeBurrows.com/8936FeaturesBedrooms: 3Bathrooms: 3Year Built: 2003Subdivision: Venezia at Rhodes RanchLot Size: 2614Garage Size: 1School District: CCSDSquare Footage: 1546Agent Name: Renee BurrowsBroker: Nevada Realty SolutionsMLS #: 804326InformationContact Information Renee Burrows702-966-2494Contact Reply FormForward to a FriendView Other FlyersPricingAsking Price: $173,900Property Location8936 … (0 comments)
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las vegas nv real estate: 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 nv real estate: Las Vegas, NV Short Sale April 2008 Inventory Update: Absorption Dropped Slightly, 3.2 YEARS. - 05/05/08 01:30 PM
The absorption rate for Las Vegas Short Sales has dropped by 1 year from March - April 2008. Inventory has risen dramatically (+513 units). Pending units has also risen dramatically by +841 units. This is because the MLS board is REQUIRING agents to change status with an offer and make it contingent on … (0 comments)
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las vegas nv real estate: (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 nv real estate: Those Las Vegas Condotels: Self Fulfilling Prophecy? - 04/29/08 07:42 PM
Here it comes, the avalanche of lawsuits because owners are claiming that they bought because they were promised one thing and then they delivered another.
Here is what I wrote in November 2006:
Las Vegas Condotels - Sizzle or Fizzle? Losing Bet on Immediate Cash Flow, Placing Your Wager on a Long Term Investment: … (2 comments)
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las vegas nv real estate: 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 nv real estate: Las Vegas, NV March 2008 Rental Home Report - 04/29/08 05:59 PM
Inventory has dipped and demand is very high in January traditionally. Supply will be an issue throughout spring. Rental Homes with pools are in very large demand. Absorption has decreased tremendously and with the mortgage credit crisis and valley demand for housing, it is not surprising at all!
Units Leased:
March 2008: 1531 February … (0 comments)
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las vegas nv real estate: 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 nv real estate: Las Vegas NV Real Estate Listing: Pool + Casita + Single Story in Gated Summerlin Community!! - 04/29/08 05:31 PM
Summerlin Pool Home w/ Casita!Location: Chelsea Gardens at SummerlinFabulous Summerlin Pool home w/ casita. Tons of built ins, wine fridge, 3 car garage! Get a quick response: Not an REO or short sale, just a motivated seller!For most current pricing, floorplan, more pictures go to: www.ReneeBurrows.com/3688InformationContact Information Renee Burrows702-966-2494Contact Reply FormForward … (0 comments)
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las vegas nv real estate: 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 nv real estate: 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 nv real estate: 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 nv real estate: 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 nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated April 16, 2008 - 04/16/08 08:14 PM
This Rhodes Ranch Area resale market report was generated on April 16, 2008 (graph on bottom):
Active Listings: 430Under Contract: 162Sold 3/10-4/10/2008: 49Months Inventory: 8.8 Low: $94,900; High: $3,490,000; Median: 239,990(listing prices only) Rental Market Report generated on April 16, 2008 (graph on top):
Active Listings: 77Under Contract: 11Leased 3/10-4/10/2008: 54 Months Inventory: … (2 comments)
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las vegas nv real estate: Las Vegas, NV Rental: Short Term Lease & Pets Considered! - 04/07/08 07:08 PM
Short Term Lease & Pets Considered!Location: Mar-a-LagoNW Desert Shores Condo. Short Term (3 months +) Lease Considered along w/ Pets Under 25 lbs.For more information including more photographs, virtual tour and floorplan go to:www.ReneeBurrows.com/3125Available in approximately mid July 2008InformationContact Information Renee Burrows702-580-1783Contact Reply FormForward to a FriendView Other FlyersPricing and AvailabilityRent: … (3 comments)
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las vegas nv real estate: Las Vegas, NV February 2008 Rental Home Report - 04/07/08 01:21 PM
Inventory has dipped and demand is very high in January traditionally. Supply will be an issue throughout spring. Rental Homes with pools are in very large demand. Absorption has decreased tremendously and with the mortgage credit crisis and valley demand for housing, it is not surprising at all!
Units Leased:
February 2008: 1632 January … (2 comments)
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las vegas nv real estate: SW Las Vegas Bank Owned HOME: OPEN FRI 4/11 2-4 PM - 04/07/08 12:33 PM
3 Car Garage in SW!Location: Sierra Madre @ Rhodes RanchBank Owned and Extensive Tile Work! Balcony off super large master bedroom. For more pictures, virtual tour, floorplan and current pricing go to:www.ReneeBurrows.com/6972FeaturesBedrooms: 4Bathrooms: 3Year Built: 2003Subdivision: Sierra Madre @ Rhodes RanchLot Size: 4792Garage Size: 3School District: CCSDSquare Footage: 2607Agent Name: Renee … (2 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated March 31, 2008 - 03/31/08 12:55 PM
This Rhodes Ranch Area resale market report was generated on March 31, 2008 (graph on bottom):
Active Listings: 452Under Contract: 129Sold 2/25-3/25/2008: 46Months Inventory: 9.8 Low: $105,000; High: $3,490,000; Median: 249,225(listing prices only) Rental Market Report generated on March 31, 2008 (graph on top):
Active Listings: 71Under Contract: 21Leased 2/25-3/25/2008: 52 Months Inventory: 1.4Median … (5 comments)
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las vegas nv real estate: 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 nv real estate: 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 nv real estate: 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 nv real estate: Las Vegas, NV Listing: Two Putting Greens, Pool, Spa, 1/2 Acre Lot, Gated in South - 03/14/08 10:58 PM
Putting Greens, Pool, Spa, Large Lot!Location: DominionIncredible single story in gated community on 1/2 acre lot. 3 bedrooms PLUS hobby room, den and media room.More pictures and floorplan available at: www.ReneeBurrows.com/337FeaturesBedrooms: 3Bathrooms: 4Year Built: 2000Subdivision: DominionLot Size: 23373Garage Size: 2School District: CCSDSquare Footage: 3574Agent Name: Renee BurrowsBroker: Nevada Realty SolutionsMLS #: … (7 comments)
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las vegas nv real estate: Las Vegas, NV Executive Suites in Southwest! Starting at $250 - 03/06/08 07:12 PM
Executive Suites in SW Starting at $250!Location: Las Vegas, NVSpanish Ridge Executive Suites 215 and Russell Rd. . ELEGANT SURROUNDINGS . CONFERENCE ROOMS . OFFICE SPACE . LOTS OF CUBICLE SPACE . FREEWAY ACCESS . PRIVATE OFFICES FROM $1,000 . CUBICLES FROM $250 . ELEGANT OFFICE SPACE TO IMPRESS YOUR BEST … (0 comments)
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las vegas nv real estate: 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 nv real estate: 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 nv real estate: Las Vegas, NV January 2008 Rental Home Report - 03/01/08 04:05 PM
Average & Median rents decreased slightly in January 2008. Inventory has dipped and demand is very high in January traditionally. February's numbers are promising to be pretty for landlords! Absorption has decreased tremendously and with the mortgage credit crisis and valley demand for housing, it is not surprising at all!
Units Leased:
January … (0 comments)
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las vegas nv real estate: Las Vegas, NV Short Sale Inventory Absorption Update for February 2008: 5.8 Years! - 03/01/08 03:56 PM
The absorption rate for Las Vegas Short Sales has remained stable for February 2008 Inventory has risen dramatically (+158). Pending units has also risen dramatically by +403 units. This is because the MLS board is REQUIRING agents to change status with an offer and make it contingent on bank approval. Many … (2 comments)
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las vegas nv real estate: Las Vegas, NV Valley High Rise Inventory Absorption Update: 5.1 Years! - 03/01/08 03:43 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 nv real estate: Las Vegas, NV January 2008 New Construction Report - 03/01/08 03:09 PM
While we saw an upward tick in Las Vegas New Construction units sold in October, we have a slight downward number of units sold in December. There is barely any standing inventory to close. We are experiencing a quick rise in resale pendings. New construction is starting to look better … (2 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated March 1, 2008 - 03/01/08 03:02 PM
This Rhodes Ranch Area resale market report was generated on March 1, 2008 (graph on bottom):
Active Listings: 437 Under Contract: 110Sold 1/25-2/25/2008: 29 Months Inventory: 14.1Low: $114,900; High: $3,490,000; Median: 252,000(listing prices only) Rental Market Report generated on March 1, 2008 (graph on top):
Active Listings: 72Under Contract: 14 Leased … (0 comments)
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las vegas nv real estate: What "Pent Up Demand" Means. - 02/25/08 11:35 AM
Las Vegas, NV Area Real Estate has had pent up demand for real estate since I got my license in 2005. People continue to move here in record numbers. Real estate for them was either a) unaffordable or b) they were unable to obtain a loan because loan products tightened.
I cannot … (11 comments)
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las vegas nv real estate: 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 nv real estate: 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 nv real estate: 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 nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated February 17, 2008 - 02/17/08 11:44 AM
This Rhodes Ranch Area resale market report was generated on February 17, 2008 (graph on bottom):
Active Listings: 452 Under Contract: 99Sold 1/11-2/11/2008: 42 Months Inventory: 14.1Low: $115,000; High: $3,490,000; Median: 260,000(listing prices only) Rental Market Report generated on February 17, 2008 (graph on top):
Active Listings: 81Under Contract: 20 Leased … (2 comments)
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las vegas nv real estate: 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 nv real estate: 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 nv real estate: Welcome Home to Southwest Las Vegas Neighborhoods: Richmond @ Rhodes Ranch - 01/27/08 07:27 PM
Richmond at Rhodes Ranch is snuggled in the southwest Las Vegas valley foothills. They feature great peek-a-boo views of the mountains to the west and to the north!Schools (1/27/2007) Zoned are: Sierra Vista High School, Faiss Middle School & Wayne Tenaka Elementary school. With extreme growth in the valley schools change … (1 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated January 27, 2008 - 01/27/08 02:40 PM
This Rhodes Ranch Area resale market report was generated on January 27, 2008 (graph on bottom):
Active Listings: 501 Under Contract: 79Sold 12/20/2007-1/20/2008: 42 Months Inventory: 11.9Low: $129,900; High: $3,490,000; Median: 270,000(listing prices only) Rental Market Report generated on January 27, 2008 (graph on top):
Active Listings: 94Under Contract: 14 Leased … (1 comments)
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las vegas nv real estate: 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 nv real estate: Las Vegas, NV Valley Short Sale Inventory Absorption Update January 2008: 5.9 Years! - 01/27/08 01:05 PM
The absorption rate for Las Vegas Short Sales has dipped slightly for January 2008.. Inventory has risen dramatically (+316). Pending units have risen slightly at +38 Units. Solds have increased by 10 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short … (0 comments)
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las vegas nv real estate: 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 nv real estate: Welcome Home To Marquesa: 3 BR's, Granite Countertops ONLY $179000!! - 01/26/08 08:32 PM
3 BR's in NW!Location: MarquesaMarquesa Condo, Secondary BRs Separated from Master BR. Granite Countertops, All Appliances, Non-Distressed so Get a Quick Response on Your Offer!! Turnkey Unit will save you $1000s in rehab costs!!Near the newly widened 95 so you have excellent proximity to downtown and the north strip!!For more pictures … (5 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated January 20, 2008 - 01/20/08 08:27 PM
This Rhodes Ranch Area resale market report was generated on January 20, 2008 (graph on bottom):
Active Listings: 502 (very large one week jump) Under Contract: 76Sold 12/15/2007-1/15/2008: 44 Months Inventory: 11.4Low: $114,000; High: $2,675,000; Median: 269,900(listing prices only) Rental Market Report generated on January 20, 2008 (graph on top):
Active … (0 comments)
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las vegas nv real estate: 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 nv real estate: 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 nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated January 13, 2008 - 01/14/08 04:28 PM
This Rhodes Ranch Area resale market report was generated on January 13, 2008 (graph on bottom):
Active Listings: 461 Under Contract: 70Sold 12/5/2007-1/5/2008: 46 Months Inventory: 10Low: $114,000; High: $3,490,000; Median: 266,910 (listing prices only) Rental Market Report generated on January 13, 2008 (graph on top):
Active Listings: 102Under Contract: 13 … (0 comments)
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las vegas nv real estate: Las Vegas, NV December 2007 Rental Home Report - 01/09/08 01:32 PM
Average rents increased last month, median rents up also. Inventory has dipped and demand is very high in January traditionally. Absorption increased slightly but spring demand will bring it back down more than likely.
Units Leased:
December 2007: 1156 November 2007: 1452October 2007: 1501December 2006: 1052Average Monthly Rental Rates:
December 2007: $1531 November 2007: $1493October 2007: … (3 comments)
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las vegas nv real estate: Las Vegas, NV Multi-Family Building Permits Grow Again in Nov 2007: Up 234.8% Year Prior - 01/08/08 09:24 PM
First August, then September then October Now NOVEMBER! Obvious anticipation for rental homes, or maybe just housing period is driving the amount of building permits for multi family buildings up for the third month in a row!
Amount of Multi-Family Unit Permits Pulled:
November 2007: 2106October 2007: 2733 September 2007: 2296 November 2006: 629Down 22.9% … (5 comments)
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las vegas nv real estate: 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 nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated January 6, 2008 - 01/06/08 04:40 PM
This Rhodes Ranch Area resale market report was generated on January 6, 2008 (graph on bottom):
Active Listings: 461 Under Contract: 68Sold 11/29-12/29/2007: 46 Months Inventory: 10.1Low: $124,000; High: $3,490,000; Median: 269,000 (listing prices only) Rental Market Report generated on December 31, 2007 (graph on top):
Active Listings: 97Under Contract: 16 … (2 comments)
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las vegas nv real estate: 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 nv real estate: 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 nv real estate: 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 nv real estate: Las Vegas Rental Home in Desert Shores: $1600/month - 01/02/08 11:57 AM
For Rent in Desert Shores!Location: Desert ShoresGorgeous Single Family Home For Rent in Desert Shores. Open Floorplan, High Ceilings, Tile Entrance, Laminated Floor on Formal Area, Spacious Backyard, Walking Distance to Lakes. Community Amenities Include: Clubhouse w/ Beach, Pool, Volleyball, Fishing.For More Information, to view floorplan and more pictures go to: … (2 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated December 31,2007 - 12/31/07 10:44 AM
This Rhodes Ranch Area market report was generated on December 31, 2007 (graph on bottom):
Active Listings: 469 Under Contract: 70Sold 11/24-12/24/2007: 43 Months Inventory: 10.9 (major one week drop)Low: $138,000; High: $3,490,000; Median: 270,000 (listing prices only) Rental Market Report generated on December 31, 2007 (graph on top):
Active Listings: … (0 comments)
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las vegas nv real estate: 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 nv real estate: 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 nv real estate: 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 nv real estate: Short Sale Inventory Update December 2007: 6.6 Years of Inentory! - 12/26/07 06:49 PM
The absorption rate for Las Vegas Short Sales has risen once again in December 2007. Inventory has risen dramatically (+204 Units), closings (sales) have also decreased (-18 units) in this sector. Pendings (+46 units) are only up nicely but they just aren't closing.
The short sale market absorption rate has risen from … (1 comments)
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las vegas nv real estate: Las Vegas High Rise Inventory Update December 2007: 4.7 Years!! - 12/26/07 06:40 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 nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated December 22, 2007 - 12/23/07 01:36 AM
This Rhodes Ranch Area market report was generated on December 22, 2007 (graph on bottom):
Active Listings: 466 Under Contract: 85Sold 11/15-12/15/2007: 38 Months Inventory: 12.2 (major one week drop)Low: $138,000; High: $3,490,000; Median: 271,475 (listing prices only) Rental Market Report generated on December 22, 2007 (graph on top):
Active Listings: … (0 comments)
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las vegas nv real estate: Welcome Home to Southwest Las Vegas Neighborhoods: Huntington at Rhodes Ranch - 12/20/07 09:55 PM
Huntington at Rhodes Ranch is snuggled in the southwest Las Vegas valley foothills. They feature great peek-a-boo views of the mountains to the west and to the north! Schools (12/20/2007) Zoned are: Sierra Vista High School, Faiss Middle School & Wayne Tenaka Elementary school. With extreme growth in the valley schools … (2 comments)
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las vegas nv real estate: Welcome Home to Southwest Las Vegas Neighborhoods: Liberty @ Warm Springs - 12/20/07 09:04 PM
Liberty @ Warm Springs is snuggled in the southwest Las Vegas valley foothills. They feature great peek-a-boo views of the mountains to the west and to the north!Schools (12/20/2007) Zoned are: Sierra Vista High School, Faiss Middle School & Wayne Tenaka Elementary school. With extreme growth in the valley schools change … (2 comments)
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las vegas nv real estate: Las Vegas Real Estate Financing Challenges... - 12/19/07 11:48 AM
Las Vegas area is just like the rest of the country and we are seeing major challenges to financing a home purchase. One of the best ways to gain entrance into your first home, right now, is to use FHA or VA financing. Before you are go out searching for that … (13 comments)
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las vegas nv real estate: 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 nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated December 14, 2007 - 12/15/07 10:35 AM
This Rhodes Ranch Area market report was generated on December 14, 2007 (graph on bottom):
Active Listings: 469 Under Contract:84Sold 11/5-12/5/2007: 28 Months Inventory: 16.8Low: $110,000; High: $3,490,000; Median: 275,000 (listing prices only) Rental Market Report generated on December 14, 2007 (graph on top):
Active Listings: 107Under Contract: 8 Leased 11/5-12/5/2007: … (5 comments)
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las vegas nv real estate: Las Vegas Sellers: Pricing is Essential in this Market! - 12/11/07 11:38 AM
Right now, with so much inventory, pricing is your #1 marketing tool.
Currently your main competition is (in order):
New Construction: New construction set the trend with prices. The prices began to drop beginning of September and the bottom fell out in middle of October. In general, you are looking at 6-8 … (21 comments)
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