las vegas real estate: Las Vegas Real Estate Statistics (2007 November Month End)
- 12/10/07 01:28 AM
Summary: The number of listings is slowing due to seasonal factors. The average days on market are climbing some affecting some of the ratios. The median prices have dropped slightly.Las Vegas Listings: (view chart)As predicted by seasonal changes listings in November dropped by a normal margin. The curve matches other years.Las Vegas Market Strength: (view chart)Compared to other national averages and normal sales the Las Vegas market remains steady. Prices have dropped but the average days on market for homes competitively priced remains good, although it has climbed. The key to selling today is pricing a home correctly.Las Vegas Resale Homes … (0 comments)
las vegas real estate: Las Vegas Home Situation Sees Positive Values
- 12/07/07 02:59 AM
Las Vegas homes have are a great buy across the valley. In fact, the RJ reports predictions from new home builders stating that even with recent slides in prices the market will rebound. In fact, if you take home values over the past 5 years there is a 50% increase in value. Compared to other suffering markets like California, the correction hasn't been that severe. Even in California the 5 year rise in prices was near 90%. Those who are suffering the most are those who purchased at a poor time. They got fired up when the prices had peeked and … (1 comments)
las vegas real estate: Las Vegas Welcomes 2 Millionth Resident - Unexpectedly
- 12/05/07 02:36 AM
Las Vegas has been rapidly approaching the 2 million resident mark. Reportedly, the demographics have been under-calculated for along time. Supposedly, 3 months ago the number was reached but no one knew because some 27,000 county residents had gone uncounted. "The subtle processing error, which had gone unnoticed for some time and involved housing units built in large developments during the second half of a calendar year, resulted in the discovery of about 27,000 county residents who had previously gone uncounted...All of that translated to an official July 1 population estimate for Clark County of 1,996,542. And from that figure has produced … (2 comments)
las vegas real estate: Should I Sell My Home Now?
- 12/03/07 01:55 AM
Many home buyers look to buy a home in a down market. However, selling a home as the market may slide can be very slippery. Not all markets are alike in their current activity. Even with all of the national talk of rough times for real estate related transactions some local markets are strong and thriving. There is no easy answer indicating whether or not to sell.The best option is to look at your local market. For example, in Las Vegas, the economy remains strong. Job forcasts are very optomistic. Builders are anxious to sell homes. While the resale market is … (1 comments)
las vegas real estate: Ground Breaking for Las Vegas City Crossing
- 11/26/07 02:05 AM
Plise Development has broken ground on a large project near the Henderson Executive Airport. It is called City Crossing. It will be considered mixed use with 1 million square feet of premium office space, 1 million feet of retail, restaurants, and 2 boutique hotels as well as 2,500 residential units.It is anticipated to serve much of the southern end of the Las Vegas Valley. It is targeted toward the afluent communities in the area.It will have 25 acres of parks, some 41 buildings with more than 6 million square feet of usable space. The project is anticipated for completion in 2015. … (0 comments)
las vegas real estate: DR Horton Reports Quarterly Loss
- 11/20/07 02:29 AM
DR Horton has reported a quarterly loss. Tight lending restrictions have pushed the largest home builder into a loss this past quarter. I don't think many are shocked. We expect the next few quarters to be filled with these types of reports.Buyers, particularly in Las Vegas, have seen amazing deals come about. Builders are very anxious to move their properties. We have toured many of the communities here in town with clients and prices and incentives are great.Buyers want to investigate the market with their real estate agent as they look to purchase a new or resale Las Vegas home. … (1 comments)
las vegas real estate: Las Vegas Property Taxes Paid for 2007
- 11/19/07 02:19 AM
Many first time home buyers are not familiar with property taxes. When they purchase Las Vegas real estate they are in for a little lesson. However, the county is fair when purchasing mid-year. The new home owner is only required to pay for taxes accued during their initial period as homeowner. In other words the amount due on the home is prorated for the year. So, if you close on a house today you will pay for about 1/2 a month. The seller will be responsible for the portion due them. The title/escrow company will usually do a good job of … (0 comments)
las vegas real estate: Remodeling Your Las Vegas Home? Keep it Simple
- 11/15/07 02:06 AM
Fixer-upper homes are sought after by many in Las Vegas. Investors swoop in and buy them up and turn a profit. While there is money in major remodeling of trashed out homes, remodeling a nice home can cost you in the end. At this point in time, keep upgrades on a small scale.Yahoo provides us with a look into some of the returns on investment from home remodeling. "...minor remodels of rooms are paying off more than expansive room improvements, according to the 2007 report."Recouping the costs at the time of sale is the goal. Be sure to talk to a professional … (1 comments)
las vegas real estate: Las Vegas Frontier Brought to an End
- 11/13/07 01:46 AM
The 16-story Las Vegas New Frontier casino was brought down to give way to new projects. The hotel/casino was the second property to open on the Strip. It will be replaced by an $8 billion megaresort.It supposedly hosted Elvis Presley's debut and was the first themed casino. It was known for its cowboy village appearance, cheap rooms, and low key environment.The real estate will be replaced with a hotel of some 3500 rooms, private residences, etc.It came down with 1000 pounds of explosives. … (1 comments)
las vegas real estate: Benefits of the Las Vegas MLS System
- 11/09/07 01:59 AM
The Las Vegas MLS system is indicating a seasonal changes. It seems that as the weather cools, so does the desire to sell a home. The cycle is pretty predictable, as indicated by the listing graphs.There are some great tools to take advantage of in the MLS. Get with your Realtor to see the features. Agents can track homes sold, homes for sale, price averages, days on market, etc. They can also locate a home by area, including zip code, street, community, and arbitrary radius or rectangle. The Multiple Listing System really is the best way to find available housing as … (1 comments)
las vegas real estate: Las Vegas Real Estate Statistics (2007 September Month End)
- 11/05/07 02:37 AM
Summary: Median prices of homes sold drops. Listing numbers flatten due to seasonal factors. Number of homes sold down.Las Vegas Listings: (view chart)The rate of additional net listings has decreased considerably due to the fall selling season. Fewer sellers are ambitious to sell in the fall and winter months.Las Vegas Market Strength: (view chart)Compared to other national averages and normal sales the Las Vegas market remains steady. Prices have dropped but the average days on market for home competitively priced remains good. The key to selling today is pricing a home correctly.Las Vegas Resale Homes Sold: (view chart)The number of homes … (0 comments)
las vegas real estate: Forbes Ranks Las Vegas Fastest Growing City
- 11/05/07 01:29 AM
Las Vegas reportedly ranks as America's fastest growing city. Since 2000 it has grown some 30% in population. New home builders have been developing real estate in the area at a frenzied pace. Until recently real estate agents had all sorts of options for finding buyers and sellers. Though the market has slowed some, the city is still growing at a considerable pace.Last week we were in Mountains Edge and saw a hand full of communities. There are no signs of halted development in the valley for years. We saw some great homes at great prices in great locations.The growth of … (1 comments)
las vegas real estate: Las Vegas MLS Search Help and Assistance
- 11/01/07 03:12 AM
The Las Vegas MLS search tool is intended to help you get started. The GLVAR does not provide all of the data necessary to purchase a particular property so we hope you will use this to get an idea of what is available. Once you have an idea or if you find a property you think may work for you we will be glad to help you find the details and get the ball rolling. Select Your Property Type - Choose the type of property you are interested in from the first set of options. Narrow Your Search - Using the criteria … (1 comments)
las vegas real estate: Las Vegas HOAs Suffer When Foreclosures Are Abundant
- 10/29/07 03:47 AM
The foreclosure market in Las Vegas has created some unexpected collateral damage. Home Owner's Associations are struggling with cash flow. Too many houses in some Las Vegas communities are sitting vacant so the HOAs are not able to function as they should. Some have had to host emergency meetings to address the issues.There is a way HOA's can recuperate their funds. They should be placing liens upon the property and the managers should be working with the mortgage lenders to secure funds due. The RJ suggests: "You may also contact the Nevada State's Business and Industry Administration. There are two departments -- … (3 comments)
las vegas real estate: Las Vegas Housing Market to Spring Back to Life
- 10/26/07 03:18 AM
The SalesTraq Crystal Ball event provided some great information to Las Vegas real estate agents and others involved in the industry. The market will remain a buyers market for some time to come. Homeowners can expect a sustained slide in property values at least into early 2008, and perhaps into 2009, the 500 or so attendees at SalesTraq's Crystal Ball seminar learned.Larry Murphy, president of the organization, suggested that prices may continue to slide slightly."Give it 12 months to 18 months," Murphy said.Sellers should hold on to their home unless they must move. If they must, it is important to price the … (2 comments)
las vegas real estate: Las Vegas MLS
- 10/26/07 03:06 AM
The Las Vegas MLS Search Tool is very helpful to buyers, sellers, and Realtors alike. It is FREE to you and easy to use. It is provided by Darren Hildreth, Realtor® and the Hildreth Barnhill real estate team and powered directly by the Greater Las Vegas Association of Realtors® (GLVAR). The GLVAR is responsible for the backend tool used by active Realtors® in the valley to manage Realtor® listings. The view you have access to has the most complete and current Las Vegas listing view available to the public on the internet by the GLVARWhile it is very helpful, this MLS … (0 comments)
las vegas real estate: A Las Vegas Home to Fit Your Needs
- 10/25/07 04:39 AM
This adventure begins by finding a Las Vegas home in a preferred area near desired amenities. A lot of the work can be done ahead of time if a home buyer will take time to find out what they want and need before ever seeing houses. They should ask themselves some questions: How large should the house be? How many bedrooms do I require? prefer? How many bathrooms do I require? prefer? What other rooms do I need? prefer? What is my budget? Do I want a pool? pool nearby? Do I prefer other exercise or entertainment nearby? Do I need to … (0 comments)
las vegas real estate: Las Vegas Real Estate
- 10/24/07 04:26 PM
Las Vegas real estate is some of the finest property in the country. The Las Vegas real estate market has grown tremendously in recent years. It has been considered a "hot spot" for real estate in the United States. It has been one of the leading markets for real estate appreciation throughout the country. The recent national downturn has affected the valley like it has many other parts of the country. However, there is a considerable number of homes selling and the ones that are priced correctly are still selling quickly. The problem many sellers are having is that sellers still … (0 comments)
las vegas real estate: Deals to Be Had in Las Vegas Mountain's Edge
- 10/22/07 06:10 PM
On Saturday serveral of our clients toured a dozen or so communities in the Mountain's Edge master plan and surrounding areas. They saw homes of multiple new home builders and enjoyed the amount of house they can get for the price they'll pay. They found a brand new home larger than 2000 sqft for $250,000. There are great incentives out there as well.New home builders have a need to move these new homes. And, the properties are moving. They are priced well and they buyers are taking advantage. Great deals are out there. Look for them and you'll find them. … (2 comments)
las vegas real estate: Office Lease Space in Las Vegas at All Time High
- 10/17/07 01:12 PM
According to the RJ, a newer office building at the Hughes Center is currently renting for around $3.85 a foot. It is nearing the $4 per foot mark which hasn't been seen yet in Las Vegas.Commercial Las Vegas real estate is hot right now. Rents are up. Developers are busy. And, investors are making a killing.The Hughes Center is just an example of premium real estate in the valley. The development, now owned by Morgan Stanley, was purchased for some $6.5 billion.Average rental spaces are now going for $2.36 per foot. Vacancy is running at 12.4 percent. … (0 comments)
Summary: The number of listings is slowing due to seasonal factors. The average days on market are climbing some affecting some of the ratios. The median prices have dropped slightly.Las Vegas Listings: (view chart)As predicted by seasonal changes listings in November dropped by a normal margin. The curve matches other years.Las Vegas Market Strength: (view chart)Compared to other national averages and normal sales the Las Vegas market remains steady. Prices have dropped but the average days on market for homes competitively priced remains good, although it has climbed. The key to selling today is pricing a home correctly.Las Vegas Resale Homes … (0 comments)
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