Real Estate Blog - Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated April 30, 2008

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Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated April 30, 2008

This Rhodes Ranch Area resale market report was generated on April 30, 2008 (graph on bottom):

Active Listings: 405
Under Contract: 201
Sold 3/24-4/24/2008: 50
Months Inventory: 8.1
Low: $89,900; High: $3,490,000; Median: 235,000(listing prices only)

Rental Market Report generated on April 30, 2008 (graph on top):

Active Listings: 72
Under Contract: 12
Leased 3/24-4/24/2008: 52
Months Inventory: 1.4

Median List Price for an area rental: $1250/month, Low: $795, High: $3500

Information from GLVAR is deemed reliable but not guaranteed.

Last Market Report Generated April 16, 2008

Click here to view past market report graphs and active rental, resale and new construction listings in the Rhodes Ranch Area

Includes: Apache Hills, Apache Springs (The Falls), Astoria Homes at Rhodes Ranch
(Independence), Canyon Trail, Huntington, Liberty @ Warm Springs, Maplewood, Rhodes
Ranch, Richmond@ Rhodes Ranch, Sierra Madre, Venezia, Vistana.

For More information on the Rhodes Ranch Area: http://www.livingatrhodesranch.com/

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Posted by Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR on 04/30/2008 05:09 PM

Comments (3)

rhodes ranch homes, las vegas rentals, las vegas new construction

Originally posted at: Nevada Real Estate >> Las Vegas Real Estate Specialist: Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated April 30, 2008

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3 Comments on Rhodes Ranch Area Active Listings/Sold/Rental Real Estate Market Reports Generated April 30, 2008

APR

2008

Renee - what percentage of each month's closings are now REOs? It would be interesting to see that and to see that trend line.

Have there been enough REOs sold now that they are impacting appraisals on non-reo properties?

MAY

2008

I am very impressed with your numbers...your market looks quite balanced; especially the amount of inventory!

Michael: for the entire market it is about 50% when only around 9% of the listings are REO. They are MAJORLY impacting appraisals since they have forced the market to move downward by about 20%.

Diane: It's getting there! YAY!

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