las vegas foreclosures: Las Vegas, NV Area March 2009 Pendings Report
- 04/21/09 11:56 AM
The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year! Absorption for March 2009 is a healthy 5.1 months of inventory (compare it to 22.5 months inventory in Nov/Dec 2007!) Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm!
Here is a snapshot of valley listings:
(Feb/Mar 2008) All SFR, Townhome, Condo Listings:
Listings (3/20/2008): 22,644 Under Contract (3/20/2008): 4516 Sold February 2008: 1318 Month's Inventory: 17.2 (Mar/April 2008) All SFR, Townhome, Condo Listings:
Listings (4/16/2008): 21983 Under Contract (4/16/2008): 5390 … (0 comments)
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las vegas foreclosures: Las Vegas NV Area February 2009 REO Inventory Update
- 04/15/09 12:52 AM
I am a little behind with reporting the numbers but if you click below for most recent market report you will be surprised at March's numbers: ONLY 1.9 MONTHS INVENTORY! Inventory has fallen dramatically since last report (-595 units), Pendings have risen +1044 units Closing data is slightly up at +33 units. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues. Foreclosures are showing NO signs of stopping!
REO sales accounted for 81.9% of all Las Vegas Area Valley resales in February 2009. REO listings account for only 34% of total resale listings.
Multiple offers are streaming in as banks continue to lower … (5 comments)
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las vegas foreclosures: Las Vegas, NV Area February 2009 Pendings Report: We Have Come a Long Way Baby!
- 04/13/09 03:00 PM
The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year! Absorption for February 2009 is a healthy 7.2 months of inventory (compare it to 22.5 months inventory in Nov/Dec 2007!) Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm!
Here is a snapshot of valley listings:
(Feb/Mar 2008) All SFR, Townhome, Condo Listings:
Listings (3/20/2008): 22,644 Under Contract (3/20/2008): 4516 Sold February 2008: 1318 Month's Inventory: 17.2 (Mar/April 2008) All SFR, Townhome, Condo Listings:
Listings (4/16/2008): 21983 Under Contract (4/16/2008): 5390 … (8 comments)
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las vegas foreclosures: Economic Conditions for the Las Vegas Valley April 2009
- 04/13/09 02:45 PM
Economic Conditions for the Las Vegas Valley December 2008
Housing Conditions:
Foreclosure/Short Sale Listings (3/25/2009): Total Listings 19377; Short Sales: 6833, 35.3% of all listings; Bank Owned Listings: 6642, 34% of all listings. Short sale and REO listings consume 70% of total listings New Home Sales (February 2009, units sold): 346 Year Change -56% (excl condo conversions, highrises) New Home Sales (February 2009, median price): $218,000 Year Change -20.1% (excl condo conversions, highrises) Existing Home Sales (February 2009, units sold): 2606 Year Change +70.4% Existing Home Sales (February 2009, median price): $145,000 Year Change: -38.3% New Home Permits (February 2009): 139 Year Change -64.5% Rental … (2 comments)
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las vegas foreclosures: Rhodes Ranch Area Active Listings/Sold/Rental & Resale Real Estate January 2009 Market Report
- 03/16/09 08:25 AM
This Rhodes Ranch Area resale market report:
Active Listings (2/15/2009): 408 Under Contract (2/15/2009): 174 Sold January 2009: 69 Months Inventory: 5.9 Low: $70000; High: $699900; Median: $186500(sold prices only)
Rental Market Report:
Active Listings (2/15/2009): 121Under Contract (2/15/2009): 10 Leased January 2009: 46 Months Inventory: 2.6 Median Leased Price for an area rental: $1200/month, Low: $750, High: $2995
Note: The resale market is losing steam and swinging back into a balanced market. The rental market is still a strong landlord's market.
How to read my market reports (definitions and terms!)
Last Month's Market … (2 comments)
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las vegas foreclosures: Mountain's Edge January 2009 Resale Market Report
- 03/08/09 10:42 AM
Mountain's Edge January 2009 Real Estate Resale Market Report:
Listings (2/15/2009): 334 Under Contract (2/15/2009): 155 Sold January 2009: 53 Month's Inventory: 6.3 Last Month's Mountain's Edge Real Estate Market Report
Mountain's Edge is a newer community so many of the listings are short sales or bank owned.
If you are thinking about buying, renting or selling a Mountain's Edge Home Please Call: 702-966-2494:
Option 1 if you are a Buyer wanting to purchase Mountain's Edge Property. (Varieties range from bank owned to new construction!) Option 2 if you are a Renter wanting to rent a Mountain's Edge Home Option 3 if you are interested in Financing your REO Property (including down … (0 comments)
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las vegas foreclosures: Las Vegas NV Area January 2009 REO Inventory Update: Tight Market!
- 03/08/09 06:03 AM
Even though bank owned listings (aka Foreclosures, REO) are seeing an upward tick in absorption, it is still a seller's market! Inventory has fallen dramatically (-835 units), Pendings have risen +709 units Closing data is slightly down at -84 units. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues. Foreclosures are showing NO signs of stopping!
REO sales accounted for 82.4% of all Las Vegas Area Valley resales in December 2008. REO listings account for only 35% of total resale listings.
Multiple offers are streaming in as banks continue to lower to fire and auction sale prices.
Current Listed Bank Owned … (3 comments)
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las vegas foreclosures: Las Vegas, NV Area January 2009 Pendings Report: UP UP UP
- 02/21/09 11:23 AM
The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year! Absorption for January 2009 is a healthy 7.7 months of inventory (compare it to 22.5 months inventory in Nov/Dec 2007!) Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm!
Here is a snapshot of valley listings:
(Jan/Feb 2008) All SFR, Townhome, Condo Listings:
Listings (2/10/2008): 23665 Under Contract (2/10/2008): 3107 Sold January 2008: 1164 Month's Inventory: 20.3 (Feb/Mar 2008) All SFR, Townhome, Condo Listings:
Listings (3/20/2008): 22,644 Under Contract (3/20/2008): 4516 Sold … (9 comments)
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las vegas foreclosures: Economic Conditions for the Las Vegas Valley December 2008
- 01/25/09 11:26 AM
Economic Conditions for the Las Vegas Valley November 2008
Housing Conditions:
Foreclosure/Short Sale Listings (1/12/2009): Total Listings 21034; Short Sales: 6580, 31% of all listings; Bank Owned Listings: 8072, 38% of all listings. Short sale and REO listings consume 70% of total listings New Home Sales (November 2008, units sold): 607 Year Change -56.3% (excl condo conversions, highrises) New Home Sales (November 2008, median price): $248,341 Year Change -10.5% (excl condo conversions, highrises) Existing Home Sales (November 2008, units sold): 2518 Year Change +79.0% Existing Home Sales (November 2008, median price): $173,900 Year Change: -31.5% New Home Permits (November 2008): 180 Year Change -44.8% Rental … (2 comments)
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las vegas foreclosures: Burrows Breakdown: Las Vegas Area Buy, Rent or Invest? 1/25/2009
- 01/25/09 08:08 AM
Interest Rates Down, Prices Down, Rental Prices remaining stable!
Las Vegas, NV Area First Time Buyers to All Cash Investors: Does it Make Sense to Buy a Home Right Now?
Can you own for less than renting? Can you own a rental and see a decent monthly return on your investment?
Weekly feature w/ 4 homes in different areas of the valley designed to help people from first time buyers to all cash investors to see if the numbers make sense!
Address: 3150 Soft Breezes #1189
West Las Vegas: Condo w/ Community Pool, Spa, Clubhouse and Desert Shores Amenities Price: $73,900 Rental Comps: … (0 comments)
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las vegas foreclosures: It's Jumbolicious: My Las Vegas Luxury or Executive Home Pick of the Week (1/17/2009)
- 01/19/09 02:40 PM
Weekly feature to profile Executive Style and Luxury Homes "smokin deals" in the Las Vegas Valley (Including Henderson and North Las Vegas.)
1800 Bannie Ave, 89102 in Scotch Eighties. MLS # 818510
FOR MORE PICTURES AND INFO, SEE VIRTUAL TOUR HERE
Square Feet: 5569
Lot Square Feet: 28,826
Bedrooms: 5
Baths: 3.75
Description: Old School Charm Awaits the new owner of this amazing mansion. Wrap around porch, Pool, Spa, Secret Closet and MORE!
List Price: 679900
Down Payment: Approx 25%
Monthly Payment: $3878
Luxury Home Brokered by: NVRS
*Rates are as of 1/17/2008 and based on a 30 year fixed JUMBO … (4 comments)
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las vegas foreclosures: Mountain's Edge December 2008 Resale Market Report
- 01/19/09 01:51 PM
Mountain's Edge December 2008 Real Estate Resale Market Report:
Listings (1/12/2008): 333 Under Contract (1/12/2008): 140 Sold December 2008: 47 Month's Inventory: 7.1 Last Month's Mountain's Edge Real Estate Market Report
Mountain's Edge is a newer community so many of the listings are short sales or bank owned.
If you are thinking about buying, renting or selling a Mountain's Edge Home Please Call: 702-966-2494:
Option 1 if you are a Buyer wanting to purchase Mountain's Edge Property. (Varieties range from bank owned to new construction!) Option 2 if you are a Renter wanting to rent a Mountain's Edge Home Option 3 if you are interested in Financing your REO Property (including … (2 comments)
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las vegas foreclosures: Las Vegas NV Area December 2008 REO Inventory Update: The Heat is On!
- 01/18/09 11:04 AM
Even though bank owned listings (aka Foreclosures, REO) are seeing an upward tick in absorption, it is still a seller's market! Inventory has risen dramatically (+286 units), Pendings have dropped -92 units Closing data is up up UP at +300 units. Watch inventory rise in Feb/Mar as the foreclosure moratorium ended Jan 9. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues. Foreclosures are showing NO signs of stopping!
REO sales accounted for 77% of all resales in December 2008. REO listings account for only 38% of total resale listings.
Multiple offers are streaming in as banks continue to … (5 comments)
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las vegas foreclosures: Find Las Vegas Area Foreclosures BEFORE They Hit the Market!
- 01/15/09 03:43 AM
Nevada Realty Solutions NOW has a search tool where you can see area foreclosed homes BEFORE they hit the market (pre-marketing stage!) You can also see real time status on our listings (such as how many offers are on our properties) and MORE!
Remember: Our team does NOT charge you for buyer's representation! We don't even charge you a stealth brokerage transaction fee! When you are searching for your "free" buyer's representation, make sure you ASK your Realtor if they charge any transaction or brokerage or "stealth" fees. These fees can range from $100 to almost $1000 so it is … (7 comments)
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las vegas foreclosures: Las Vegas, NV Area December 2008 Area Pendings Report: Absorption Down a Smidge
- 01/12/09 02:42 PM
The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year! Absorption for December 2008 is a healthy 7.0 months of inventory (compare it to 22.5 months inventory in Nov/Dec 2007!) Be warned, the market as a whole is considered a "neutral market" ~ not a buyer's market, not a seller's market. Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm!
Here is a snapshot of valley listings:
(Jan/Feb 2008) All SFR, Townhome, Condo Listings:
Listings (2/10/2008): 23665 Under Contract (2/10/2008): 3107 Sold … (7 comments)
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las vegas foreclosures: It's Jumbolicious: My Las Vegas Luxury or Executive Home Pick of the Week (1/10/2009)
- 01/10/09 06:40 AM
Weekly feature to profile Executive Style and Luxury Homes "smokin deals" in the Las Vegas Valley (Including Henderson and North Las Vegas.)
632 Chervil Valley Dr, 89138 in West Summerlin. MLS # 874799
FOR MORE PICTURES AND INFO, SEE VIRTUAL TOUR HERE
Square Feet: 4620
Lot Square Feet: 10890 (0.25 acres)
Bedrooms: 6
Baths: 4.5
Description: Entry courtyard w/ fountain. Entry finished with slate and onyx. Formal dining room features wet bar and wine cir. Gourmet kitchen has center island w/ cooktop, granite, maple cabinets. Grande master suite includes 2 walk-in closets, jetted roman top and double walk-in shower.
List Price: 764,900
Down … (8 comments)
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las vegas foreclosures: Rhodes Ranch Bank Owned For Sale: Live in a Guard Gated Golf Community w/ a WATER PARK!
- 01/08/09 02:00 AM
Rhodes Ranch Home For Sale!Location: Rhodes RanchFor more information on the guard gated, golf community (with water park) of Rhodes Ranch go to:www.RhodesRanchHomes411.comFeaturesBedrooms: 4Bathrooms: 3Year Built: 2004Subdivision: Rhodes RanchLot Size: 3485Garage Size: 2School District: CCSDSquare Footage: 2251Agent Name: Renee BurrowsBroker: NVRSMLS #: 894725InformationContact Information Renee Burrows702-966-2494Contact Reply FormForward to a FriendView Other FlyersPricingPrice: $208,900Additional Pricing Information: REOProperty Location138 Wicked Wedge WayLas Vegas, NV 89148View MapLinksForeclosure InfoDown Payment AssistanceCommunity InfoPowered by vFlyer.com EQUAL HOUSING OPPORTUNITYVFLYER ID: 2152660 … (2 comments)
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las vegas foreclosures: THEY'RE BAAAAAAAAACK: REDC AND MORE REAL ESTATE FORECLOSURE AUCTIONS FOR LAS VEGAS!
- 01/06/09 01:19 PM
So are you ready to get your search on?
Open houses are 1/17, 1/24 & 1/25 from 11AM-4PM
Auction is: Jan 31 and Feb 2, 2009
Lots of properties available from your entry level condos to luxury homes!!!!!!!!
My buyer's agent, Hawley McIntosh will be at the auction representing our buyers. Hawley has a record of closed transactions from auctions and loves the thrill of the auction as much as the buyer. Representation is FREE to you, REDC pays US to represent YOU! ALSO ~ Burrows Group at Nevada Realty Solutions DOES NOT CHARGE a transaction fee to buyers as most other … (3 comments)
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las vegas foreclosures: Mountain's Edge November 2008 Market Report
- 12/29/08 12:33 PM
Mountain's Edge November 2008 Real Estate Resale Market Report:
Listings (12/29/2008): 334 Under Contract (12/29/2008): 150 Sold October 2008: 57 Month's Inventory: 5.9 Last Month's Mountain's Edge Real Estate Market Report
Mountain's Edge is a newer community so many of the listings are short sales or bank owned.
If you are thinking about buying, renting or selling a Mountain's Edge Home Please Call: 702-966-2494:
Option 1 if you are a Buyer wanting to purchase Mountain's Edge Property. (Varieties range from bank owned to new construction!) Option 2 if you are a Renter wanting to rent a Mountain's Edge Home Option 3 if you are interested in Financing your REO … (6 comments)
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las vegas foreclosures: Summerlin Las Vegas, NV November 2008 Real Estate Market Report
- 12/29/08 12:29 PM
Summerlin November 2008 Real Estate Resale Market Report:
Listings (12/29/2008): 967 Under Contract (12/29/2008): 258 Sold November 2008: 114 Month's Inventory: 8.5 Absorption is in line with the rest of the Las Vegas Valley.
Last Month's Summerlin Report
If you are thinking about buying, renting or selling a Summerlin Home Please Call: 702-966-2494:
Option 1 if you are a Buyer wanting to purchase Summerlin Property. (Varieties range from bank owned to new construction!) Option 2 if you are a Renter wanting to rent a Summerlin Home Option 3 if you are interested in Financing your REO Property (including down payment assistance for first time buyers) Option 0 if you would like to sell … (0 comments)
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