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Las Vegas NV, MLS Stats as of 10-25-06 - 10/25/06 08:29 PM
UNCHANGED, is the word for the week! With a net of only 4 new listings this week we are up to 21,646 active listings in the GLVAR's MLS system. We are still at all time highs! This past weekend I was in Phoenix and was told they have over 45,000 active listings and about half of them are vacant! The buyers market continues, let's hope Vegas doesn't catch up with it's neighbors to the South. The good new from my point of view is that there are still lots of people moving to Souther Nevada, lots of jobs, and our vacancy rate for (0 comments)
Las Vegas NV, MLS Stats as of 10-18-06 - 10/18/06 08:35 PM
Just like the DOW, we are reaching for new highs! As of today the active listings in the GLVAR's MLS are up to an all time high of 21,642! Let's hope we reach 15,000 before the DOW does, if not I'm in the wrong business! The good news is that we are only up by 53 listings this week, which means it's still a great time to be a buyer! Maybe with the a DOW over 12,000 we will see the return on irrational exuberance and everyone will realize that now is the time to get out there and go shopping (1 comments)
Understanding all of the alphabet soup used by Realtors - 10/18/06 08:02 PM
What do all of those letters after a Realtors name mean? Have you ever said "They must mean something but the only letters I know are PhD." I've been thinking that for the consumers out there the professional designations we, Realtors, earn and then use after our names must just look like......;alkj;dvpoiupuoiw;qekrfm,daoiolke!! So I'm going to try to explain one of those designations, the one know as CRS. This stands for Certified Residential Specialists. Here is the logo, look for it, next time you'll know what it stands for. The CRS designation is earned through a combination of classroom work and real world (4 comments)
It's the little things in life that make it all worth while! Seven Hills will soon have a NEW Starbucks with a drive through! I know I can't wait as it's on the way to my office! The area is also going to have a new Hampton Inn that looks like it will have about 175 rooms half of which should have great views of the Las Vegas Strip! A new Restaurant called Remedy's is also under construction, I'm not sure what kind of food they will be serving, sure hope it's good. There are several other open retail spaces for lease (0 comments)
This is a photo of the "Old" Tower at the Henderson Executive Airport. It's no longer there! Over the past couple of weeks it has been torn to the ground and they are expanding the area with new hangers. This whole airport is getting updated from new runways to a new terminal, the WORKS! This is the NEW tower that started construction about a year ago and in the past few months there has been the transition from the old to the new! So for the longest time there have been both towers and then the other day I noticed just the (0 comments)
This is a photo taken today of the models at Inspirada, if you look at some of the other photos I've posted on Inspirada you will see they are making lots of progress. In the past few days they have started framing about 4 more homes, I'm not sure if they are more models or if they are starting with some specs. KB was going to start sales in October, but they are not going to make it! Maybe by the first of the year! Every time I drive out to take a look the road has moved and you have to (0 comments)
New Construction in Seven Hills, Henderson Nevada - 10/13/06 08:01 PM
This is a photo taken today of the newest and only track homes under construction in Seven Hills, LaVita. This is going to be a very interesting product unlike we've seen in most areas of Las Vegas. The Builder is KB and the floor plans range from 4500sf to 9000sf, very large for a track builder. But you had better get in line because there are only 33 lots! The finish quality should be fantastic, there is even an option to add an elevator. This particular parcel has been sitting for some time but now is under-construction and will have breathtaking views (0 comments)
For Sale $2,095,000 Click Here for more Photos & Virtual Tour This home is unlike anything you will find in Las Vegas. If you are looking for a "Ranch" type property, take a look at this 2 acre dream! A true one of a kind property, great central location with views of the mountains to the west & Las Vegas Strip to the east. There are endless possibilities with this property, corporate retreat, build a tennis court, install a small golf course, park your "Big Rig" & RV and still have room for all of your buddy's pick-ups. Off-set your monthly payment (2 comments)
Las Vegas NV, MLS Stats as of 10-12-06 - 10/12/06 03:15 PM
The Las Vegas housing inventory is like a teeter totter, but it's more fun than any park! This week there are MORE opportunities for buyers, as the total number of active listings in our MLS is up this week by 43 listings to 21,589. Last week I thought we might be starting a new trend as we were down by 80 listings. At least we are starting to stabilize and if you look at some of the other happening is our market it should just be a matter of time until our inventory starts to decline. I've heard from some of my investor friends that there are (0 comments)
Las Vegas keeps setting records! Here is a link to some new economic indicator stats recently published about Souther Nevada. You will see our new residents are WAY up over the same time last year! It's no surprise that the numbers show that homes sales are down but with all of the numbers that are up it should just be a matter of time before our market starts to take a turn and we will see home sales go back up. Here is a link if you are interested to know some basics stats and history of Las Vegas. Sometimes we take for (0 comments)
We might be full of hot air sometimes but who ever said Realtors don't know how to have a good time? Steve Shluker just joined our team and he owns and pilots his own hot air balloon! This morning at 6:30 AM we met him and he took us for our first ride, it was GREAT! Not only was it just a huge rush but it was also a great way to see all of the new home construction that is happening in the Southwest part of the Las Vegas Valley. Floating at just a few hundred feet we had a great view (0 comments)
You read it right! I'm giving away a nights stay on the Las Vegas Strip in the Signature at the MGM Grand. What's the catch you ask? There is none! Here is the link to all of the details on what you need to do to win! If you are not familiar with the Signature at MGM this link will give you some of the details. The photo to the right was taken in mid September from the 5th floor of building #1 looking at building #2. If you look close you can see the crane was just removed as there are (0 comments)
Las Vegas NV, MLS Stats as of 10-4-06 - 10/04/06 09:26 PM
The tide comes in and the tide goes out! Opportunities for Buyers and Sellers in the Las Vegas Housing Market are changing every day! If you are interested in some of the historical stats I've posted you will find them here. This week there are fewer opportunities for buyers, as the total number of active listings in our MLS has drop by about 80 listings to 21,546. Maybe this is the first week in a new trend, we are getting to a slower time of year for new listings so we'll have to wait for next week to see. You can search our (0 comments)
This photo was taken on 10-3-06, as you can see there is still quite a bit of work to be done on the new KB model center in the new community of Inspirada in Henderson, NV. But take a look at the photo taken a month ago and you will see there has been lots of progress. The sales office is starting to take shape and they are close to putting in some streets. Sales have been set to start in October but my guess it they'll be lucky to hit the end of the month! I know there will be (0 comments)
My blog is about all areas of the Las Vegas & Henderson Real Estate Market. You will also find my general points of view on the happenings in our market. If you don't find it her you can always visit my web site, www.TimMerrell.com, where you will find all kinds of information.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.