Listed below are the current inventory and January, 2008 statistics for home sales in the Henderson, Nevada real estate market. If you have any questions or need more information about real estate in Henderson, Nevada call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!Total Homes Available:3,926  (as of February 5, 2008)  Single-Family:  3,218  (17.2 month supply*) Condo:  425  (30.4 month supply) Townhouse:  283  (21.8 month supply)Total Contingent and Pending Sales:461  (as of February 5, 2008)Single-Family:  409 Condo:  28 Townhouse:  24January, 2008 Sales:Single-Family:  187  (Price range: $140,000 - $3,575,000) Condo:  14  (Price range: $118,000 - $237,500) Townhouse:  13  (Price range: $142,000 - $330,000)Sales per month AugSepO... 02/08/2008

Home sales activity in Silverado Court 1 and 2, a neighborhood in the Silverado area of Henderson and Las Vegas, NV was disappointing in the 4th quarter of 2007. Only one home closed, bringing the annual total to 12. This was the first year of resales for Silverado Court 1; in 2006, seven homes were sold in Silverado Court 2.  The existing resale inventory of 15 homes (plus four with accepted offers) represents about a one-year supply, making this a strong buyer's market. Homes in Silverado Court 1 and 2 are located close to schools, shopping and recreation and have quick access to the I-215 freeway. Here are the details of the fourth quarter sale: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 10699 Medicine Bow 2729 4/3 $352,900 $354,000 39 12/20/07   (GLVAR deems infor... 01/14/2008

Home sales activity in Palm Canyon, a neighborhood near Black Mountain in Henderson, NV fell sharply in the 4th quarter of 2007, with only three homes sold, compared to ten homes in the 3rd quarter. Year-over-year activity was down 45%, with just 26 homes sold in 2007 versus 47 homes in 2006. The existing resale inventory of 13 homes represents a one-year supply at the current sales pace, which is a strong buyer's market. Homes in Palm Canyon have lot sizes from about 6,000 square feet up to 1/4 acre and more. Here are the details of the fourth quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 827 Woodtack Cove 2018 4/3 $369,900 $365,000 30 11/02/07 155 Laguna Landing 1802 3/2 $288,000 $279,360 76 10/03/07 830 Manor Shores 1802 3/2 $295,000 $275,000 28 12/17/0... 01/10/2008

Home sales in Morningside, a neighborhood in the Green Valley area of Henderson, NV picked up slightly in the 4th quarter of 2007. Four homes closed, doubling the results of the previous quarter. For the year, activity was up 21%, with 17 homes sold in 2007, compared to 14 homes in 2006. Existing resale inventory of 16 homes, (plus 2 with accepted offera), represents a strong buyer's market with a one-year supply of inventory. Homes in Morningside are located close to the amenities of Green Valley Ranch and have quick access to the I-215 freeway. Here are the details of the fourth quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 45 Westheimer 1688 3/3 $312,500 $300,000 25 10/16/07 20 Megan 2247 4/3 $289,900 $262,000 53 12/28/07 57 Fantasia 1125 3/2 $245,000 $... 01/10/2008

Home sales in Inspiration at Green Valley Ranch, a townhouse community in Henderson NV remained slow and steady in the 4th quarter of 2007. Three townhouses closed, equaling third period results. For the year, a total of 21 townhouses were sold, down 19% from the 2006 figure of 26 sales. Existing resale inventory of 12 townhouses represents a one-year supply, indicating a strong buyer's market. Townhouses in Inspiration at Green Valley Ranch are located near The District (a mixed-use development), the Henderson Multigenerational Center, and the Paseo Verde Library, and have quick access to the I-215 freeway. Here are the details of the fourth quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 265 Fortifying Crest 1622 3/3 $327,900 $310,000 96 10/25/07 230 Reass... 01/06/2008

Sales activity for the 4th quarter of 2007 in Clearwater Canyon, a neighborhood in Henderson, NV remained steady. Three homes closed in the period, matching the results from the 3rd quarter. Year-over-year sales were even, with 15 homes sold in both 2007 and 2006. The current resale inventory is 13 homes, plus two with accepted offers. Because of the wide variety of floor plans, that level only slightly favors buyers. Homes in Clearwater Canyon are close to all of the wonderful amenities that living in Green Valley provides, as well as I-215, I-515 and McCarran International Airport. Here are the details of the fourth quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 1757 Clear River Falls 3289 4/4 $679,000 $630,000 67 11/09/07 243 Whitewater Falls 4025 6/4 $6... 01/04/2008

Home sales activity in Coventry at Anthem, a neighborhood in the master-planned community of Anthem in Henderson, NV continued to struggle in the 4th quarter of 2007. Four homes closed, compared to three in the 3rd quarter. This brought the 2007 total to 31 homes, down 34% from 47 homes sold in 2006.  Available resale inventory is 25 homes, plus two homes with accepted offers. At this level, it's a very strong buyer's market in this subdivision. Homes in Coventry at Anthem offer affordable luxury and outstanding nearby amenities. Here are the details of the fourth quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 1312 Cornet 4410 5/5 $845,000 $798,400 90 12/27/07 1319 Cadence 2543 4/3 $439,900 $422,500 17 10/08/07 1369 Adagietto 2266 4/3 $380,000 $380,000 138 ... 01/04/2008

Home sales in Candle Creek, a neighborhood adjacent to the master-planned community of Whitney Ranch in Henderson, NV trailed off in the 4th quarter of 2007. Three homes closed in this period, down from five in the 3rd quarter. Annual activity was down 35%, with just 17 homes sold in 2007, compared to 26 homes in 2006. Existing resale inventory is steady at 20 homes, indicative of a buyer's market with more than 18 months of inventory. Homes in Candle Creek offer good values relative to the overall Las Vegas market. Here are the details of the fourth quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 918 Sitting Bull 2882 5/3 $399,900 $368,000 192 10/05/07 1628 Buffalo Trail 3470 4/3 $374,900 $354,000 182 12/28/07 807 Seclusion 2641 4/3 $304,900 $315,000 10 12/... 01/04/2008

Home sales in Black Mountain Vistas, a master-planned community in Henderson, NV made encouraging progress in the fourth quarter of 2007. Six homes and six townhouses closed during this period, up from 5 homes and 5 townhouses in the 3rd quarter. Overall activity for the year was down about 28%, with 25 homes and 18 townhouses sold, compared to 37 homes and 23 townhouses in 2006. The resale inventory adjusted nicely to 17 homes and 9 townhouses, (plus 1 home and 2 townhouses with accepted offers), moving towards a balanced market. Homes in Black Mountain Vistas are conveniently located near the I-215 and I-515 freeways and represent good values. Here are the details of the fourth quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 633 Backbone Mountain 3022 5/4 ... 01/04/2008

Home sales in Whitney Ranch, a master-planned community in Henderson, NV collapsed in the 4th quarter of 2007. Just one Galleria Villas condo was sold, compared to six homes and two condos in the third quarter. Year-over-year results were down 41%, with 18 homes and 8 condos sold in 2007 versus 25 homes and 19 condos in 2006. Resale inventory stayed steady at 20 homes and 8 condos (plus 1 home with an accepted offer) putting the market squarely in favor of buyers.  Here are the details of the fourth quarter sale: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 855 N Stephanie #2624 1168 2/2 $175,000 $160,500 103 11/07/07   (GLVAR deems information reliable but not guaranteed. Properties listed and sold by various MLS participants. Sale Price adjusted for any seller contrib... 01/04/2008

Sales activity in South Valley Ranch, a master-planned community in Henderson, NV was up slightly in the 4th quarter of 2007. Six homes closed during the period, compared to 3 homes and 2 condos in the 3rd quarter. For the year, 28 homes and 12 condos were sold, down 47% from the 57 homes and 18 condos sold in 2006.  Existing resale inventory remains very high at 40 homes and 12 condos (plus 3 homes with accepted offers) making this an extremely challenging time for sellers.  Here are the details of the fourth quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 644 Hitchen Post 2000 4/3 $279,900 $271,020 19 10/01/07 1057 Spotted Bull 1317 3/2 $270,000 $262,000 75 12/31/07 789 Hitchen Post 1313 3/2 $225,000 $215,000 20 10/24/07   605 Capstone 1733 3/2 $229,000 $2... 01/04/2008

Listed below are the current inventory and December, 2007 statistics for home sales in the Henderson, Nevada real estate market: Total Homes Available: 3,975  (as of January 1, 2008)   Single-Family:  3,265  (21.6 month supply*) Condo:  429  (23.8 month supply) Townhouse:  281  (17.6 month supply) December, 2007 Sales: Single-Family:  151  (Price range: $107,500 - $1,700,000) Condo:  18  (Price range: $121,000 - $875,000) Townhouse:  16  (Price range: $130,000 - $260,000)     Jul Aug Sep Oct Nov Dec Single Family 254 258 183 161 183 151 Condominium 25 23 18 15 6 18 Townhouse 26 24 21 19 13 16 Median Selling Price: Single-Family:  $298,000 Condo:  $172,500 Townhouse:  $203,750     Jul Aug Sep Oct Nov Dec Single Family $349,475 $339,050 $329,000 $320,000 $305,500 $298,000 Condominium $206... 01/02/2008

Having been in the business quite some time, the very few Las Vegas foreclosures that I used to deal with years ago were given to me from a lovely lady and compassionate foreclosure specialist working at the bank.  I had to help "encourage" the people who were essentially squatting in their own homes to leave amicably by negotiating with them & paying them a settlement on behalf of the bank in lieu of the bank's having to hire an attorney to do a formal eviction. I felt that I was more of a social worker, psychologist than a Las Vegas real estate agent, but this plan turned out to be a win win situation for everyone. The folks got a check usually equivalent to what the bank would have to pay to any lawyer they hired & the former homeowners were able to have funds to get a new start. Tho... 12/31/2007

Yesterday, I had lunch with Fred Soskin, who is the sales manager at Crescent Ridge Condominiums in Henderson, NV.     I was there several months back with a client and the models were still under construction.    Fred invited me to lunch so that I could see the finished product and it is beautiful!  The clubhouse has a kitchen area, a billiard room, a very large state of the art fitness center and a spacious sitting area.  Plasma TV's are throughout the clubhouse.  The pool, with a waterfall, and hot tub are right out the back door.  There will also be a second pool in the community.   There were 2 models displayed, a 2 bedroom and a 3 bedroom.  All the floor plans are under $200,000 and are between 1123 and 1304 square feet. Many upgrades come standard including all appliances, granit... 12/18/2007

The DaVinci Experience  is a traveling exhibit that features more than 60 working replicas of Leonardo DaVinci's inventions.  The three viewing galleries consist of transportation, military and mechanical.   Also included in the exhibit is reproductions of his paintings and original drawings.   The exhibit is located at the Events Plaza, outside City Hall in downtown Henderson and will be there through March 3, 2008.  The admission prices have just been reduced for Nevada residents to $8.50 for adults and $5.00 for students visiting with a school group.  Hours are from 9AM to 6PM daily.   This would be a great place to take the family to learn a bit of history!   If you are interested in relocating to Las Vegas or would like information on Las Vegas real estate, please contact me here 12/13/2007

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 and remains a Landlord's Market at 2.8 months of inventory in the Rental Sector for the Las Vegas Valley.Last Month's Report  12/08/2007

 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 permits only when they have a contract from a buyer.With that being told, I am expecting units sold to rise from late winter to spring & summer.  While the resale market still remains pitiful, new construction is moving along.  REO (foreclosed homes) prices are inching downward to compete with this market.Las Vegas New Construction Units Sold:November 2007: 2643October 2007:  2752November 2006:  3006  12/08/2007

Listed below are the current inventory and November, 2007 statistics for home sales in the Henderson, Nevada real estate market:Total Homes Available:4,268  (as of December 3)   Single-Family:  3,513  (19.2 month supply*) Condo:  451  (75.2 month supply) Townhouse:  305  (23.5 month supply)November, 2007 Sales:Single-Family:  183  (Price range: $139,000 - $3,550,000) Condo:  6  (Price range: $143,000 - $317,975) Townhouse:  13  (Price range: $114,000 - $320,000)  JunJulAugSepOctNovSingle Family302254258183161183Condominium31252318156Townhouse382624211913Median Selling Price:Single-Family:  $305,500 Condo:  $172,500 Townhouse:  $216,000  JunJulAugSepOctNovSingle Family$348,750$349,475$339,050$329,000$320,000$305,500Condominium$190,000$206,000$196,500$181,500$175,000$172,500Townhouse$227,... 12/03/2007

THe city of Henderson, Nevada celebrates Winterfest 2007 from Thursday, December 6 through Sunday, December 9. All activities are free and will take place at the Henderson Events Plaza & Amphitheatre located at 200 South Water Street. Here's the schedule: Thursday, December 6 The Henderson Symphony Orchestra presents their Sounds of the Season concert. There will also be 300 high school choir members singing a variety of seasonal favorites.  7:00 PM - 9:00 PM Friday, December 7 Santa and Mayor James Gibson light the official tree, and the Commemorative Beautification Committee presents awards in the Holiday Decorating Contest. Buggy rides, ice skating and entertainment will follow.  6:00 PM - 9:00 PM Saturday, December 8 The Winterfest Parade starts at 10:00 AM, while the Winterfest cra... 11/30/2007

HENDERSON WELCOMES LEONARDO DA VINCIMake plans now to visit a special exhibit bringing together replicas of Leonard da Vinci's inventions and his famous paintings.  More than 60+ replicas of da Vinci's transportation, military, and mechanical devices, as well as his greatest paintings will be on display.  Replicias include an air screw (precursor to the helicopter), a war wagon, a robot and a chamber of mirrors.  The exclusive Nevada showing will be at the Henderson Events Plaza through March 2, 2008.    Henderson Events Plaza is located at 200 Water Street in Henderson. For tickets contact 702.267.4849 or 877.775.5252 or http://www.hendersonlive.com/.   Open Sunday through Thursday from 9 a.m. to 6 p.m. and Friday and Saturday from 10 a.m. to 8 p.m.  Adults are $17, students (7-17); se... 11/28/2007