The Ballen Group is helping in the sale of a North Las Vegas real estate listing in 89081 the zip code region of 89081. This North Las Vegas home for sale is a part of the Shadows subdivision.
This North Las Vegas home for sale was listed in November 2013 for $235,000. This home was originally purchased for $453,480 and the current seller is the original owner. This North Las Vegas real estate listing is a short sale.
This North Las Vegas home for sale is a single family home built in 2006. It is a 2 story home measured at 3,711 square feet with a lot size of 6,534 square feet. This North Las Vegas home for sale has 4 bedrooms and 3.5 bathrooms. This home also includes a courtyard, 3 car parking space, and a fire place.
This North Las Vegas real estate listing in 89081 is a short sale. The overall goal of Las Vegas short sales is to recover some of the debt owed to creditors when a foreclosure is a serious threat, in order to avoid the process of foreclosures altogether.
A North Las Vegas home owner may be able to sell their home for an amount that is less than what’s actually owed on the North Las Vegas home. In a Las Vegas short sale the mortgage lender must also approve and then agree to swallow the debt balance that wasn’t recovered during the sale.
The process of getting approved for a Las Vegas Short Sale can take months, but thanks to a new Nevada law called the “Homeowner’s Bill of Rights” that was introduced in October of 2013, banks cannot seize homes while Las Vegas short sales are being sought for homes so time constraints are not typically an issue.
A Las Vegas short sale in the North Las Vegas area is typically preferable to foreclosure because it avoids some of the fees and processes that come with foreclosures. Banks tend to allow homeowners to walk away debt free after a Las Vegas Short Sale, which means that there are no fines to face and it doesn’t end up on the home seller’s credit report.
The Las Vegas real estate market saw many short sales during the real estate market recession. The Ballen Group was just beginning at that time and specialized in short sales. Today, after the Las Vegas real estate market has mostly recovered, The Ballen Group’s listings are less than 33% Las Vegas short sale listings.
The number of active North Las Vegas real estate listings in 89081 dropped by 1.4% from the previous month. The median number of days active properties have been listed is 45. This is significantly shorter than the national average. The number of sales in June dropped by 79.3% from the previous month.
The median price for North Las Vegas listings in 89081 is $184,330. There are currently 233 North Las Vegas homes for sale in 89081. 27.9% of these are either North Las Vegas short sales or foreclosures.
The percent of owner occupied properties in North Las Vegas 89081 is 51.46%. This percentage is 11.64% below the United States’ national average. The percent of rental properties in North Las Vegas 89081 is 34.8% which is currently 15.6% above the national average which is typical for urban areas.
Median household income in 89081 is $71,393 with 419 households earning between $35,000 to $40,000 annually. The income bracket containing the largest amount of the population earns between $25,000 and $50,000. This income bracket represents 1,832 homes in North Las Vegas 89081.
For the zip 89081, 17.10% of the people have completed a bachelors degree as their highest education level. The median age is 28 and 29% of the residents in this area are married. There are 9,823 homes in North Las Vegas 89081. 4,898 of those homes include children in the residents.
The Ballen Group was started by Richard and Lori Ballen. The Ballens became Las Vegas real estate agents in 2007. Later they moved to Keller Williams Realty Las Vegas to start their own team of Las Vegas real estate agents who service the Las Vegas area.
Are you interested in this North Las Vegas real estate listing? Are you considering short sale for your North Las Vegas home? Contact The Ballen Group today for more information.
Buyer: 702-604-7739
Seller: 702-482-7739
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