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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las vegas nv real estate: Maximizing Your Rents from a Las Vegas Rental Property - 12/11/07 11:06 AM
By special request :)
How could you shorten your vacancies and maximize the amount of rent you receive for your Las Vegas Rental Property?
Short Term Rental. By allowing a shorter term rental (less than one year and greater than one month,) you are opening yourself up to a lesser vacancy … (2 comments)
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las vegas nv real estate: Las Vegas November 2007 Rental Home Report - 12/08/07 06:40 PM
Average rents have decreased from last two months, median rents down also as we saw inventory rise yet absorption remained healthy.
Units Leased:
November 2007: 1452October 2007: 1501November 2007: 1009Average Monthly Rental Rates:
November 2007: $1493October 2007: $1511November 2006: $1254January 2007: $1295Median Monthly Rental Rates:
November 2007: $1200September 2007: $1295November 2006: $1195Absorption Rate is stable … (1 comments)
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las vegas nv real estate: Las Vegas New Construction December 2007 Report - 12/08/07 06:26 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 November. There is barely any standing inventory to close. Building permits are up 99.8%. This is good news because most major builders in town are pulling … (2 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated December 8, 2007 - 12/08/07 06:10 PM
This Rhodes Ranch Area market report was generated on December 8, 2007 (graph on bottom):
Active Listings: 478 Under Contract: 76Sold 10/25-11/25/2007: 19 Months Inventory: 25.1Low: $129,900; High: $3,490,000; Median: 275,000 (listing prices only) Rental Market Report generated on December 8, 2007 (graph on top):
Active Listings: 107Under Contract: 7 Leased … (0 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated November 30, 2007 - 11/30/07 10:29 PM
This Rhodes Ranch Area market report was generated on November 30, 2007 (graph on bottom):
Active Listings: 492 Under Contract: 79Sold 10/25-11/25/2007: 19 Months Inventory: 25.9Low: $129,900; High: $3,490,000; Median: 280,000 (listing prices only) Rental Market Report generated on November 23, 2007 (graph on top):
Active Listings: 88Under Contract: 13 Leased … (6 comments)
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las vegas nv real estate: Las Vegas Buyers & Irrational Thought Processes! - 11/28/07 08:50 PM
I just have to put this one out there and dedicate it to all the buyers who think they are the *only* buyers that are aware of the three REO auctions in the next two weeks. There are just a little over 600 properties in those auctions and there is an … (5 comments)
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las vegas nv real estate: Economic Conditions for the Las Vegas Valley November 2007 - 11/27/07 06:06 PM
Economic Conditions for the Las Vegas Valley October 2007 Housing Conditions:
Foreclosure/Short Sale Listings (11/27/2007): Total Listings 26,513; Foreclosures Commenced: 1704, 6.4% of all listings; Short Sales: 4105, 15.4% of all listings; Bank Owned Listings: 2065, 7.8% of all listings. New Home Sales (October 2007, units sold): 1170 Year Change -45.5% … (2 comments)
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las vegas nv real estate: Shmittens in Nevada: Up Markets Breed Fraud, Down Markets Breed Fraud - 11/24/07 12:43 AM
Shmittens is a term that some of us regular doggie park go-ers coined for when an irresponsible dog owner lets them do their business, fails to pick it up and the next thing we know another pup has run through it and several people end up having to clean up the … (31 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated November 23, 2007 - 11/23/07 08:19 PM
This Rhodes Ranch Area market report was generated on November 23, 2007 (graph on bottom):
Active Listings: 501 Under Contract: 75Sold 10/23-11/23/2007: 16 Months Inventory: 31.3Low: $129,900; High: $3,490,000; Median: 280,980 (listing prices only_ Rental Market Report generated on November 23, 2007 (graph on top):
Active Listings: 82Under Contract: 15 Leased … (2 comments)
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las vegas nv real estate: Las Vegas Short Sales: Absorption Rate = 4.5 Years of Inventory - 11/21/07 07:18 PM
The absorption rate for Las Vegas Short Sales has risen once again in November 2007. Inventory has risen dramatically (+333 Units) even though we saw a nice sales increase (+24 units) in this sector. Pendings (+19 units) are only up slightly.The short sale market absorption rate has risen from 51 months … (5 comments)
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las vegas nv real estate: Las Vegas Rental Market Q & A - 11/19/07 11:36 PM
Excerpts from an actual email I received and replied to. It has been a blog in the wings for a while to explain the surge in average rental prices and the basic stagnation of the median prices. So I just decided to make the email in to a post :) Q … (9 comments)
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las vegas nv real estate: Las Vegas New Construction Waiting Lists & Price Increases - 11/18/07 02:08 AM
I am not surprised at all!
Read some of Las Vegas New Construction reports from mid September 2007 till mid November 2007.
Las Vegas new construction is moving. Two weeks ago we were seeing standing inventory to 6 month builds in the entry level single family new construction market. Today we are … (9 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated November 16, 2007 - 11/16/07 01:17 PM
This Rhodes Ranch Area market report was generated on November 16, 2007 (graph on bottom):
Active Listings: 508 Under Contract:75Sold 10/12-11/12/2007: 18 Months Inventory: 28.2Low: $129,900; High: $3,490,000; Median: 284,900 Rental Market Report generated on November 16, 2007 (graph on top):
Active Listings: 87Under Contract:12 Leased 10/12-11/12/2007:33Months Inventory: 2.6Median List Price … (0 comments)
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las vegas nv real estate: Las Vegas October 2007 Rental Home Report - 11/14/07 05:27 PM
October 2007 saw a healthy jump in Las Vegas Rental Home units leased from September 2007 and up from one year ago also. Average rents have decreased from one month, median rents stable as we saw inventory rise yet absorption remained healthy.
Units Leased:
October 2007: 1501September 2007: 1387October 2007: 1102Average Monthly Rental … (1 comments)
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las vegas nv real estate: POP!! BAM!! What was that? Did something just hit the floor? - 11/08/07 07:12 PM
A major major national builder today has just announced a Price Protection Program. They promise (and I would love to see it in the contract) that: We'll make sure you get the lowest price if the base price goes down before you get your keys.
I am an avid watcher of market … (5 comments)
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las vegas nv real estate: Las Vegas Real Estate Listing in Summerlin! - 11/05/07 10:16 PM
Gorgeous in Summerlin!Location: Wisteria Hills in SummerlinGorgeous Home Featuring Lots of Living Space & Large Lot! Pool with Custom Spa & Waterfall. Lush & Mature Landscape Surrounds! No neighbors on one side or to the back of the home. Adjacent to Garden's Parks!For More Information & Pictures Go To: www.ReneeBurrows.com/10529InformationContact InformationRenee … (3 comments)
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las vegas nv real estate: Economic Conditions for the Las Vegas Valley October 2007 - 11/02/07 10:51 PM
Economic Conditions for the Las Vegas Valley September 2007 Housing Conditions:
Foreclosure/Short Sale Listings (11/2/2007): Total Listings 26,884; Foreclosures Commenced: 1669, 6.2% of all listings; Short Sales: 3852, 14% of all listings; Bank Owned Listings: 1909, 7% of all listings. New Home Sales (September 2007, units sold): 1153 Year Change -54.2% … (6 comments)
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las vegas nv real estate: Las Vegas Multi Family Unit Building Permits Pulled Up Again For September! - 10/31/07 11:19 AM
The amount of Multi-Family Unit Building Permits are up again. They are up 330.8% from one year ago and up 44% from August!Amount of Multi-Family Unit Permits Pulled:September 2007: 2296 August 2007: 1594 September 2006: 533See my report from last month on this. For single family homes building permits pulled:September 2007: 587August 2007: 794September … (10 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated October 31, 2007 - 10/31/07 10:32 AM
This Rhodes Ranch Area market report was generated on October 31, 2007 (graph on bottom):
Active Listings: 490 Under Contract: 56Sold 9/27-10/27/2007: 23 Months Inventory: 21.3Low: $129,900; High: $3,490,000; Median: 289,900 Rental Market Report generated on October 31, 2007 (graph on top):
Active Listings: 81Under Contract: 6Leased 9/27-10/27/2007: 57Months Inventory: 1.4Median … (0 comments)
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las vegas nv real estate: Welcome Home to Las Vegas Communities: Providence Master Plan - 10/27/07 09:05 PM
The Providence Master Planned community features 17 builders and 30 neighborhoods. Plenty of choices from entry level homes to executive living homes to condominiums.
Providence is located north of the 215/North Hualapai exit and there are many fantastic deals to be found there today. I found two that were incredible bargains:
1700 square … (0 comments)
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las vegas nv real estate: Las Vegas High Rise Condo Rentals: Some Great Opportunities for Renters! - 10/26/07 09:59 AM
There are currently very slim pickings in the las vegas single family rental home market. The absorption rate remains very low when you look at the entire rental market in Las Vegas (hovers between 2.7-3.2 months.) It is definitely a landlord's market. When you look at some areas in particular, like … (0 comments)
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las vegas nv real estate: Las Vegas New Construction Bundles: Get Them While They Last! - 10/23/07 10:05 PM
There is still much standing inventory in the Las Vegas New Construction market. Some builders are bundling up their standing inventory ~ some as low as 75 cents on the dollar ~ minimums as low as $2-3 million. While that may seem high, the builders are ahead of the curve with … (9 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated October 23, 2007 - 10/23/07 04:05 PM
This Rhodes Ranch Area market report was generated on October 23, 2007 (graph on bottom):
Active Listings: 485 Under Contract:52Sold 9/15-10/15/2007: 28 Months Inventory: 17.3Low: $129,000; High: $3,490,000; Median: 295,000 Rental Market Report generated on October 22, 2007 (graph on top):
Active Listings: 81Under Contract: 8Leased 8/1-9/1/2007:63Months Inventory: 1.3Median List Price … (3 comments)
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las vegas nv real estate: Las Vegas NV Real Estate Six Pack - 10/21/07 05:04 PM
I love challenges by Chris Elizabeth Griffin, thank you dahling!
Las Vegas Valley Nevada: Real Estate Has Never Been a Better Value. While many people disagreed with me on this one and we are seeing a downturn, this is still appropriately written and applies to today. Notice how I said the demand … (13 comments)
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las vegas nv real estate: Las Vegas New Construction, Foreclosures & Rental Homes: Let's Talk About the GOOD Markets! - 10/21/07 05:03 PM
Las Vegas NV Real Estate hasn't been a total bomb this year. There are several markets that are moving that need to have their day in the sun. Just like my subject line touts: Rentals & New Construction are chugging along fairly well. Bank Owned Property (REO's or foreclosures) are moving … (2 comments)
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las vegas nv real estate: Las Vegas Short Sales: Inventory Rise, Closings Drop, Absorption Rate Goes Through the Roof - 10/19/07 10:48 PM
Let me first make a huge statement: Not all sectors of Las Vegas NV Real Estate are bad. I am following two markets that are sinking as quick as mortgage products disappeared in July: the high rise market and the short sale market.
The short sale market absorption rate has risen from … (8 comments)
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las vegas nv real estate: High Rise Inventory Updates: - 10/18/07 01:21 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 … (9 comments)
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las vegas nv real estate: I Beg Your Pardon, I Never Promised You Would Always Be Able to View That Rose Garden! - 10/18/07 10:39 AM
A great debate has entered the Las Vegas Real Estate landscape over views.
Nevada's laws in regards to views is basically "Caveat Emptor". Which translates to "buyer beware". This means you must do your due diligence in regards to what zoning is going on in and around the property you are purchasing … (17 comments)
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las vegas nv real estate: The Naughty "F" Word to Rear It's Ugly Head Again... - 10/16/07 09:46 PM
And then I will be done with it :)
There has been several in depth reports in the Las Vegas Review Journal. Y'all know I am not a big fan of the media, but these are some pretty detailed reports outlining many of the problems we are facing right now.
I highly … (5 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated October 13, 2007 - 10/14/07 02:00 PM
This Rhodes Ranch Area market report was generated on October 14, 2007: Active Listings: 481 Under Contract: 42Sold 9/1-9/30/2007Months Inventory: 14.1Low: $149,000; High: $3,490,000; Median: 299,000 Rental Market Report generated on October 14, 2007:
Active Listings: 83Under Contract: 8Leased 8/1-9/1/2007:66Months Inventory: 1.3Median List Price for an area rental:$1295/month, Low: $750, High: $4500 … (0 comments)
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las vegas nv real estate: Las Vegas High Rise Resale Absorption Rate Reaches Alarming Levels - 10/12/07 11:43 AM
The absorption rate for high rose resale condos has jumped from 29 months in August to a whopping 108 months of inventory in September.
Stats for High Rise Condos were pulled from the GLVAR MLS. Information deemed reliable but not guaranteed.
For August Numbers:
Listings 8/27/2007: 759Under Contract 8/27/2007: 67Closed Between 7/15-8/15/2007: 26 Months Inventory: … (2 comments)
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las vegas nv real estate: Las Vegas New Construction Opportunity Knocks! - 10/08/07 07:38 AM
Lennar has just reduced prices in most of its subdivisions by 24%! You can buy a 5000 square foot home in ANTHEM for just a little over $600K right now! $119 a square foot in HENDERSON! How about the same home in the Northwest on a 1/4 of an acre for … (6 comments)
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las vegas nv real estate: Photovoltaic Shingles: An Asthetically Pleasing Way to be Green in Las Vegas! - 10/06/07 08:30 PM
Fox news published this story and it is pretty cool! Also Inhabitat has published some juicy details in it's blog!A couple of replies in my blog last month: "Are out of Control Electricity Rates Squeezing Money Out of the Las Vegas Economy?" prompted me to do some research.Major manufacturers are: General … (14 comments)
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las vegas nv real estate: What Renters Need to Know About the Las Vegas Rental Market: - 10/06/07 08:25 PM
First of all, it is HOT. The entire rental market has only 2.9 months of inventory. When you break other market's down, like the Rhodes Ranch area, for example, there is only 1.3 months of inventory. With the absorption rate very low, that means rental homes go off the market as … (2 comments)
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las vegas nv real estate: Rental Market Statistics for September, Average Rate Rises Again! - 10/06/07 07:53 PM
While we didn't quite beat August's record breaking numbers, when you do factor in the seasonal adjustment, the number of units leased was still phenomenal!
Rental Homes in Las Vegas leased for September 2007 ended up with a total of 1387 units. Down slightly from August's number of 1735 units leased and … (0 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated October 6, 2007 - 10/06/07 07:34 PM
This Rhodes Ranch Area market report was generated on October 6, 2007: Active Listings: 476 Under Contract: 40Sold 8/1-9/1/2007: 34Months Inventory: 14Rental Market Report generated on October 6, 2007:
Active Listings: 79Under Contract:5Leased 8/1-9/1/2007: 59Months Inventory: 1.3Median List Price for an area rental:$1275/month, Low: $750, High: $4500
Information from GLVAR is deemed … (0 comments)
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las vegas nv real estate: If this Little Broad Can Figure it Out, Why Can't They? - 10/04/07 01:28 AM
I have been extremely busy and have figured something out that it doesn't take a brain surgeon to figure out.
I am in the field working with buyers, renters, marketing a couple of my broker's 200 foreclosure listings and interior inspections for BPOs, just to name a few :)
What the … (59 comments)
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las vegas nv real estate: Las Vegas Short Sales Absorption Rate Rises YET AGAIN! - 10/03/07 10:08 AM
The Las Vegas Short Sale Absorption Rate has risen to a pitiful 51 months of inventory, up from 43 months last month!
On 8/27 there were 2743 listings with 250 pendings and 63 closed between 7/15-8/15/2007. On 10/3 there were 3393 listings with 244 pendings and 66 closed between 8/16-9/16/2007.
Some underlying … (9 comments)
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las vegas nv real estate: Icky Green Pools! - 10/02/07 11:22 PM
There are SO many foreclosures and vacant homes in the valley. With the foreclosures, usually the electricity and water gets shut off too.
Homes with pools will turn into soupy green pools. A stagnant pool will provide the ideal breeding ground for mosquitoes .
The Southern Nevada Health District is also concerned … (10 comments)
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las vegas nv real estate: Two Bank Owned Properties in Southern Highlands! - 09/26/07 04:59 PM
Bank Owned in Southern Highlands!Location: Setona at Southern HighlandsExecutive Home in prestigious Southern Highlands gated neighborhood. Wood blinds, granite countertops, upgraded carpet. Refrigerator, washer and dryer included. For more pictures click on the virtual tour located at: www.ReneeBurrows.com/5844InformationContact InformationRenee Burrows702-580-1783Contact Reply FormForward to a FriendView Other FlyersPricingAsking Price: $464,000Flexibility: NegotiableProperty Location5844 … (2 comments)
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las vegas nv real estate: Las Vegas NV Real Estate Long-Term Hold Investors: Do's and Don'ts - 09/24/07 11:29 AM
With the Las Vegas NV Real Estate economic conditions getting ripe for investors, I am going to publish a little "do and don't" list right here for you to reference!
What type of house is favored by renters right now?
One that is highly upgraded. Base will cut it but the highly upgraded … (10 comments)
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las vegas nv real estate: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated September 23,2007 - 09/23/07 09:22 PM
This Rhodes Ranch Area market report was generated on September 23, 2007: Active Listings: 475 Under Contract: 51Sold 8/15-9/15/2007: 35Months Inventory: 13.6
Rental Market Report generated on September 23, 2007:
Active Listings: 96Under Contract: 18Leased 8/15-9/15/2007: 53Months Inventory: 1.8Median List Price for an area rental:$1275/month, Low: $750, High: $5000
Information from GLVAR is … (4 comments)
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las vegas nv real estate: Economic Conditions for the Las Vegas Valley September 2007 - 09/23/07 06:23 PM
Economic Conditions for the Las Vegas Valley August 2007 Housing Conditions:
Foreclosure/Short Sale Listings (9/23/2007): Total Listings 27,404; Foreclosures Commenced: 1093, 4% of all listings; Short Sales: 2710, 10% of all listings; Both Foreclosures Commenced AND Short Sales: 504, 1.8% of all listings. New Home Sales (August 2007, units sold): 1376 … (2 comments)
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las vegas nv real estate: Las Vegas Rental Homes: Quite Possibly on Track For Another Record Breaking Month! - 09/22/07 12:58 PM
It appears that Las Vegas, NV valley is headed for another record breaking month on rental units leased in the MLS. Even if we don't break last month's record of 1735 units leased, the amount of units leased will be higher than the average 30% September decline from August.
So far in … (4 comments)
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las vegas nv real estate: Four Bedroom Single Story with Spa $260K: This Price is NOT a Typo and This is NOT a Short Sale!!!!!!!! - 09/18/07 06:34 PM
Single Story!Location: LynbrookGreat Single Story in Northwest. Four Bedrooms, Spa, Upgraded Concrete on Patio, Covered Patio, Step Saver Kitchen, All Appliances! Master Bedroom separated from Secondary Rooms. Go to: www.4829RiverSplash.info to see the floorplan!InformationContact InformationRenee Burrows702-580-1783Contact Reply FormForward to a FriendView Other FlyersPricingAsking Price: $260,000Property Location4829 River SplashLas Vegas, NV 89131View … (3 comments)
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las vegas nv real estate: Creeping Closer to Las Vegas - 09/09/07 05:58 PM
Creeping
Closer to Las Vegas
wildlife pushed into urban
lifestyle
Telephone calls have
increased reported the Nevada Department of Wildlife of increased contact with
wild animals located in urban Las Vegas areas. Pets and humans have had many
increased counters with wildlife and this will continue with increased urban … (1 comments)
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las vegas nv real estate: Perfect Storm Phase 2: A "Long Term" Investor's Market - 09/08/07 07:07 PM
So Esko's post on the economy prompted me to pen this one really quick. I was confused about wanting to chuckle or cry when he talked about resales taking a "humorless dive" because the choice of verbiage is so true.
Everyone in the business is hurting right now, sellers are hurting, … (5 comments)
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las vegas nv real estate: City of Las Vegas Seeking to Ban Short Term/Vacation Rentals AKA Party or Nuisance Homes - 09/05/07 11:02 AM
According to the Las Vegas Review Journal, the City Council has proposed a new ordinance that would: place a ban on "short-term vacation rentals" -- in this case, renting a residence for "dwelling, lodging or sleeping purposes" for fewer than 31 days -- in residential zones.
While none of us want to … (7 comments)
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las vegas nv real estate: When that Hot & Sticky Monsoon Air Rolls in......... - 08/15/07 09:18 PM
Ahh a splendid night as the moist monsoon air pushes it's way in the desert.
Such a perfect ending to a stressful day. You can feel the moisture fill the air and see threatening dark clouds and lightening strikes (when it is dark) from miles and miles away. It is always … (12 comments)
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las vegas nv real estate: The State of the Stated: Las Vegas Residential Real Estate Winners & Losers - 08/12/07 03:14 PM
Undoubtedly the demise of the stated income/subprime loan will hurt the local Las Vegas area real estate market.
Read the following:
Las Vegas Mortgage Industry: Jumbo Rates up Big by Rey GallegosGoodbye My Friend Stated by Matthew Blum Search Subprime on Active Rain Escrow 911: Subprime Fallout and the Potential Impact on … (9 comments)
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las vegas nv real estate: What Convention, New Resident and Gaming Statistics Really Have in Common With the Real Estate Market in Nevada - 08/03/07 12:27 PM
This post was inspired by Arina Hanciulescu (and I am not picking on you, just answering your questions quite frankly!) and Rey Gallegos from my Economic Conditions Report.
Arina posed questions in italics:
"Can you please explain how gaming and tourism industry help the Real Estate Market? I don't see the relation there. … (13 comments)
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las vegas nv real estate: A Trip to the Tropical Paradise of Omaha, Nebraska - 07/08/07 03:08 PM
We just spent the last week and a half moving Mike's mom back to the midwest. We drove and the track out was long and grueling.
Our trip there involved a drive up I-15 through Salt Lake City to I-80 through Wyoming. We planned a stay in Cheyenne and there was no … (20 comments)
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las vegas nv real estate: Las Vegas NV Real Estate White Horse South by Lennar Homes Las Vegas - 07/04/07 09:33 PM
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las vegas nv real estate: Southwest Las Vegas Real Estate Pacific Mist Las Vegas New Homes - 07/04/07 08:07 PM
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las vegas nv real estate: Las Vegas Green Awareness Swimming Pool Tips - 05/30/07 09:56 AM
It is officially pool season in the Las Vegas Valley!
Here are some green awareness tips to keep your swimming pool clean and save you some green!
Use a solar cover to keep water from evaporating and to keep it toasty warm at the same time. Rooftop solar heaters require you … (2 comments)
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las vegas nv real estate: Las Vegas, NV Real Estate >> Super Open House Event May 19 1-3PM. Register to win: $50 Gas Card, 4 Thunder From Down Under Tix! - 05/14/07 10:53 PM
Super Open House Event! Four Homes to choose from with price ranges from $175,000-699,000 ~ all over the valley ~ Henderson, North Las Vegas, East Las Vegas, Southwest Las Vegas! Register to win prizes that include:4 Thunder From Down Under TicketsA Home Teeth Bleaching KitA $50 Gas CardA little something for everyone: … (2 comments)
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las vegas nv real estate: Welcome Home to Southwest Las Vegas Neighborhoods: Canyon Trails @ Rhodes Ranch - 04/29/07 07:09 PM
Canyon Trails 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!View Map (Satellite Hybrid)
Schools (4/16/2007) Zoned are: Sierra Vista High School, Fertitta Middle School (soon to be Faiss) & Wayne Tenaka Elementary school. … (5 comments)
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las vegas nv real estate: Welcome Home to Northwest Las Vegas Neighborhoods: Desert Shores - 04/19/07 11:20 AM
Welcome Home to Desert Shores Community Located in Northwest Las Vegas!
View Map (Satellite Hybrid)
Desert Shores is a master planned community developed in 1988 by RA Builders.
There are 3,068 Homes with choices ranging from Condominiums to Lake Front Luxury.
Ducks, geese and swans are prolific residents in the three lakes that are … (4 comments)
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las vegas nv real estate: Welcome Home to North Las Vegas Neighborhoods: Sierra Ranch - 04/18/07 11:17 PM
Sierra Ranch is located in North Las Vegas.
View Map (Satellite Hybrid)
There are many different housing choices from entry level choices starting at 1476 square feet to larger choices of 3803 square feet.
There are five different collections:
The Apple Creek Collection ranges from 1612-2021 square feet with *some* three story … (7 comments)
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las vegas nv real estate: When Look for Your Zestimate (TM), Take it with a Grain of Salt: It is What it is! - 04/14/07 04:22 PM
A Zestimate (TM) is NOT an appraisal. It is just computer analytics of tax records (in short.)
With my last week of bumping around and posting four listings I have found that all Zestimates were off, three lower than they should be and one higher. Three were off by less than 10%, … (25 comments)
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las vegas nv real estate: Former Model Home: North Las Vegas Single Story 1986 Square Feet $329,000 - 04/14/07 02:47 PM
*WOW* A MUST SEE former Pardee Model Home with many upgrades! Granite Countertops, Built ins, Tile, Foyer Medallion, Skylight, Upgraded Carpet, Stainless Appliances, Cabinet Uppers, Volume Ceilings and Exterior Doors, French Doors from both Master and Dining area that Lead to a Backyard Oasis. Great Room and Master both wired for … (0 comments)
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las vegas nv real estate: Welcome Home to Henderson Neighborhoods: The District at Green Valley Ranch - 04/10/07 12:10 PM
The District at Green Valley Ranch is located at the intersection of Village Walk Drive and Green Valley Parkway in Henderson. It is right off of the eastern 215 beltway.
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The District is a Mixed Use Development that contains Restaurants, Retail Shopping, Professional Offices, Gaming and Residential Loft Living. … (3 comments)
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las vegas nv real estate: Las Vegas Listing Inventory: Only Serious Sellers Need Apply! - 04/04/07 10:39 AM
I cannot begin to tell you how many non-motivated sellers have listings on the Las Vegas Real Estate market.
First off let me define a non-motivated seller. It is a seller who has their home on the market just because they "can"! They don't have to sell. They are just trying … (15 comments)
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las vegas nv real estate: Southwest Las Vegas Living: Finding the Perfect Rental Home, Condo or Townhome in or Around Rhodes Ranch! - 04/04/07 10:00 AM
My team understands that most people who relocate to Las Vegas each month do not immediately buy a home!
We work hard to place you in that perfect rental that suits your needs ~ whether you have pets, desire a short term rental or a furnished property ~ until you are … (1 comments)
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las vegas nv real estate: Welcome Home to Las Vegas Highrise Living: Soho Lofts! - 04/04/07 09:33 AM
Welcome home to Las Vegas High Rise Living: Soho Lofts!
Soho Lofts are situated just north of the intersection of Las Vegas Boulevard & Charleston. They are in the middle of the "Strip" and Downtown. They are close to the World Market and located near the Newport Lofts.
Lofts and High Rise living … (3 comments)
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las vegas nv real estate: Vistana: Las Vegas 2 Bedroom/2 Bath $185,000 - 04/01/07 10:55 PM
Fabulous 2 Bedroom, 2 Bathroom, 929 Square Foot located in Vistana Condominiums in Southwest Las Vegas.
This condo is barely lived in and better than new as it was used as a Vacation Property!
Vistana is a guard gated community which offers tennis, 2 pools, spas, a clubhouse with exercise facilities and … (5 comments)
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las vegas nv real estate: And the Las Vegas Trend is....:DRUMROLL: High Density! - 03/30/07 10:54 PM
OK, not a big surprise, I KNOW! Everyone KNOWs about the high rises that are being built on the Las Vegas strip. Those are being marketed to appeal to vacation property or second property home buyers! It really doesn't have much appeal to the average person who lives and works here. The price … (12 comments)
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las vegas nv real estate: "Stats" Surrounded by Doom & Gloom! - 03/25/07 04:35 PM
An article last week in the Las Vegas Review Journal Depressed me: HOUSING: Local sales continue to decline Closings drop for new, existing homes, but median prices climb. But Low and behold, I am a big believer in stats! Silly Rabbit, Tricks are for Kids!
Building permits are wayyyyyyy down. The builders … (22 comments)
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las vegas nv real estate: Wouldn't It Be Silly If Your Real Estate Pro Tried to Sell You on the Value of Owning Real Estate & They Don't? - 03/25/07 03:56 PM
While I don't believe that a competent real estate professional MUST have the fact that they have bought or sold property on their resume, I do feel it is ultimately important!
Putting your money where your mouth is and backing it up is essential in the world of real estate! I know … (9 comments)
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las vegas nv real estate: Doity Laundry: Nevada Green Challenges & Some Green Saving Tips! - 03/13/07 12:15 PM
Doity Laundry: I found my green awareness inadvertently because of the natural magic cleaning power of the sun when my baby boy was allergic to the chemicals in disposable diapers. I tried a diaper service and he was allergic to those chemicals also! I had to wash my own diapers with … (17 comments)
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las vegas nv real estate: Ladies & Gentlemen: INVESTORS All Around the World: How to Buy a Las Vegas Home that is in Foreclosure That is Undervalued by 30%! - 03/10/07 03:09 PM
OK, here we go again: Dateline AOL NEWS! A Flood of Foreclosures, but Should You Invest? Read ME: (IS AOL NEWS? Not really, but I am still seeing RED!) Maybe they are reading me: Foreclosures & Short Sales: Deal or No Deal? I would like to think so anyways!
This topic … (8 comments)
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las vegas nv real estate: Escrow 911: Subprime Fallout and the Potential Impact on the Las Vegas Valley Rebound - 02/24/07 03:23 PM
I have had great hope for the Las Vegas Valley Real Estate Market over the last 6 months. Looking at facts, figures, stats. I personally predicted hitting the low in January/February provided all economic conditions remain stable.
I watched with glee as our pendings rose dramatically last week, perhaps needing a seasonal … (13 comments)
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las vegas nv real estate: It Isn't Sensational to Report........... - 02/18/07 04:09 PM
That basically Las Vegas' entry level new single family home standing inventory is virtually gone. Yes, we see the occasional fall out of escrow fire sale (see Brian Brady's post on what is going on!) The market is turning each and every day and soon the buyers in the new home … (2 comments)
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las vegas nv real estate: Las Vegas Real Estate Is Seeing the Light at the End of the Tunnel! - 02/14/07 10:14 PM
So why are so many buyers still sitting on the sidelines? I have been busy calling my buyers who have been sitting on the fence and letting them know "now is the time". I am also alerting the non-motivated sellers that have been patiently waiting behind the golden gate that the … (4 comments)
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las vegas nv real estate: Las Vegas Nevada Area Real Estate Professionals Week in Review Ending 2/14/07 - 02/14/07 07:58 PM
Here is a consumer based summary for contributors of Las Vegas Area Real Estate Professionals Active Rain Group for 2/07/2007 - 2/14/2007:
Renee Burrows: Economic Conditions for February 2007Renee Burrows: Foreclosures & Short Sales Deal or No Deal?Jacqulyn Rickey: Bark in The Park I have this on my calendar, maybe we can … (0 comments)
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las vegas nv real estate: Economic Conditions for the Las Vegas Valley February 2007 - 02/13/07 10:23 AM
January 2007 Economic Conditions
Housing Conditions:
Foreclosure/Short Sale Listings (1/21/2007): Total Listings (2/13/2007) 20,688; Foreclosures Commenced (listings 2/13/2007) 330, 1.6% of all listings; Short Sales (listings 2/13/2007) 743, 3.6% of all listings; Both Foreclosures Commenced AND Short Sales (listings 2/13/2007) 250, 1.2% of all listings. New Home Sales (December 2006, units sold): 2,384 … (3 comments)
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las vegas nv real estate: Foreclosures and Short Sales: Deal or No Deal? - 02/11/07 12:40 PM
I was challenged on another blog about the amount of Foreclosures/Pre-Foreclosures in Las Vegas with this article.
First of all I would like to define a couple of terms.
A notice of default (NOD) is a pre-foreclosure. The home has not been foreclosed upon yet but the owners are behind on their … (8 comments)
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las vegas nv real estate: Southwest Las Vegas Living January Market Report: Vistana @ Rhodes Ranch - 01/30/07 09:45 AM
Vistana Condominiums
Total Units: 732
43 Total Listings (1/30/2007, view detail):
Address-Price-Square Feet-BR-BA-GARAGE-PRV Pool/Spa
7159 S DURANGO DR 184,777 906 2 2 1 N N7163 S DURANGO DR 169,500 685 1 1 0 N N7135 S DURANGO DR 182,000 743 1 1 1 N N7143 S DURANGO DR 210,000 906 2 2 0 N N7163 S DURANGO DR 179,900 743 1 1 0 N N7107 S DURANGO DR 199,777 906 2 2 0 N N7107 S DURANGO DR 185,000 929 2 2 1 N N7107 S DURANGO DR 204,999 929 2 2 0 N N7123 S DURANGO DR 179,500 929 2 2 0 N N7107 S DURANGO DR 164,900 906 2 2 0 N N7185 S DURANGO DR 200,000 943 2 2 1 Y N7135 S DURANGO DR 173,500 743 1 1 1 N N7167 S DURANGO DR 199,900 943 2 2 1 N N7147 S … (1 comments)
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las vegas nv real estate: Welcome Home to Southwest Las Vegas Neighborhoods: Sierra Madre @ Rhodes Ranch - 01/23/07 04:09 PM
Sierra Madre neighborhood is snuggled in the southwest Las Vegas valley foothills. It features great peek-a-boo views of the mountains to the west and to the north.
View Map (Satellite Hybrid)
Schools (1/22/2007) Zoned are: Sierra Vista High School, Fertitta Middle School (soon to be Faiss) & Wayne Tenaka Elementary school. Tenaka is located right outside … (1 comments)
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las vegas nv real estate: Economic Conditions for Clark County, Nevada (Las Vegas Valley) - 01/21/07 04:18 PM
Housing Conditions:
Foreclosure/Short Sale Listings (1/21/2007): Total Listings (1/21/2007) 19,904; Foreclosures Commenced (listings 1/21/2007) 492, 2.5% of all listings; Short Sales (listings 1/21/2007) 874, 4.4% of all listings; Both Foreclosures Commenced AND Short Sales (listings 1/21/2007) 200, 1.0% of all listings.New Home Sales (November 2006, units sold): 2,176 Year Change -31.1% (excl condo conversions, … (0 comments)
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las vegas nv real estate: Condos: A Lifestyle or Entry Level Housing?? Just Because They Are Less Expensive Doesn't Make Them More Affordable! - 01/16/07 01:45 PM
They are a lifestyle: Well in my market anyway!
I have met many buyers who really wanted an Single Family Residence but inquired on a condo. They have images of grandeur that believe that since a condo is priced lower, they will have a lower payment. :record scratch hold the phone:
When you … (4 comments)
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las vegas nv real estate: Inventory Shrinkage of Entry Level New Homes in the Las Vegas New Construction Market! - 01/11/07 08:33 PM
I am happy to report that there has been a distinct change, in the last three weeks. There is almost ZERO available standing inventory in the SFR entry level market (under $275K) in the South, Henderson (south) and Southwest portions of the Las Vegas Valley (Clark County).
A couple of them … (1 comments)
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