las vegas market report: Arlington Ranch (Las Vegas, NV) Real Estate Market Report & Homes for Sale March 2013 - 04/28/13 06:11 AM



 
Arlington Ranch March 2013 Real Estate Resale Market Report
Listings (4/15/2013): 5 Under Contract (4/15/2013): 25 Sold March 2013: 6 Arlington Ranch changes since last month: Listings UP +4, Pendings NO CHANGE, Sold units UP +1
Interesting note about Arlington Ranch (Las Vegas) Community:  Arlington Ranch was built at the "height" of bubbled prices.  Many of the listings are distressed sales and (Nov 2011) 79% of the pendings & contracted homes are short sales (read - what is a short sale?)  This is the reason why the pie graphs for Arlington Ranch look so funky and there … (0 comments)

las vegas market report: Southern Highlands (Las Vegas NV) Real Estate Market Report & Homes for Sale March 2013 - 04/25/13 08:05 AM



Southern Highlands March 2013 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold):
Listings (4/15/2013): 61 Under Contract (4/15/2013): 164 Sold March 2013: 50 Since Last Month: Listings are NO CHANGE, Pendings are UP +3, Sold Units are UP +11
Past Southern Highlands Market Reports
View Southern Highlands Homes For Sale Here (Updated Daily)
More Information on Southern Highlands Real Estate Here
More Las Vegas Communities Here
(2 comments)

las vegas market report: Las Vegas NV Area Pendings Real Estate Market Report for March 2013 (includes Henderson & North Las Vegas) - 04/25/13 07:57 AM



Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284. Active listings are up stagnant at the moment but LOW LOW LOW! 2012 will be another interesting year for Las Vegas Real Estate!
Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)
Listings (4/15/2013): 4121 Under Contract (4/15/2013): 12694 Sold March 2013: 3477 Short Sales:
13% of Listings 34% of Sales REO (Foreclosures, Bank Owned:)
11% of Listings 12% of Sales In One Month: Listings are UP +86 units, Contracted Listings are DOWN -139 units, Sales are … (3 comments)

las vegas market report: Nevada Trails (Las Vegas NV) Real Estate Market Report & Homes for Sale March 2013 - 04/25/13 07:49 AM



Nevada Trails March 2013 Real Estate Resale Market Report (Homes For Sale, Pending, Sold):
Listings (4/15/2013): 9 Under Contract (4/15/2013): 30 Sold March 2013: 7 Since Last Month: Listings are UP +1, Pendings are UP +1, Closes are UP +2.
Last Month's Nevada Trails Market Report
View Nevada Trails Homes For Sale Here (Updated Daily)
More Information on Nevada Trails Real Estate Here
More Las Vegas Communities Here
(2 comments)

las vegas market report: It's Not a Rumor! Equity Home Sales in Las Vegas Outpace Distressed Sales - 04/21/13 01:53 AM
LAS VEGAS EQUITY HOME SALES OUTPACE DISTRESSED SALES IN MARCH 2013 April 21, 2013 By Renee Burrows 
 
What a difference a year makes!
It’s been 5 LONG years but for the first time since 2008, equity home sales in the Las Vegas Valley have outpaced distressed sales (REO & Short Sale.)
In February 2013, equity (aka, traditional or standard)  home sales evened up with distressed sales and accounted for 50% of all resale home sales in the Las Vegas valley.  One month later in March 2013, equity sales outpaced distressed sales at 54% of the market.  To put this into perspective on … (9 comments)

las vegas market report: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale March 2013 (includes Henderson & North Las Vegas) - 04/20/13 10:36 AM




The absorption rate for Las Vegas Valley Area Short Sales is a strong seller's market. Since last month:  Active Listing Inventory has DECREASED by -80 units. Under Contract has DECREASED by -212 units. Sold units have INCREASED by +194 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 4/15/2013: 530 Pending 4/15/2013: 9087 Closed March 2013: 1186 Short Sales Currently Account for:
13% of All Las Vegas Valley Listings 34% of All Las Vegas Valley Sales Read here for last month's … (2 comments)

las vegas market report: Silverado Ranch (Las Vegas NV) Real Estate Market Report & Homes for Sale March 2013 - 04/20/13 10:29 AM


Silverado Ranch March 2013 Real Estate Resale Market Report (Homes For Sale, Pending, Sold):
Listings (4/15/2013): 30 Under Contract (4/15/2013): 204 Sold March 2013: 50 Since last month: Listings are DOWN -10, Under Contract are UP +18, Sales are UP +21. The Silverado Ranch Area is Currently Enjoying an EXTREME Seller's Market.
For Current and Past Silverado Ranch Market Reports
View Silverado Ranch Homes For Sale Here (Updated Daily)
More Information on Silverado Ranch Real Estate Here
More Las Vegas Communities Here
(0 comments)

las vegas market report: Las Vegas NV Area Market Watch April 2013 (includes Henderson & North Las Vegas) - 04/18/13 01:01 AM

**LAS VEGAS AREA RESIDENTIAL RESALE HOME INVENTORY SEES EVER SO SLIGHT INCREASE!!!**
We are still squeezed for inventory.  New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight.  Multiple offers on well priced homes are widespread. Everyone from first time buyers to investors are taking advantage of "opportunity".
Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post.
Las Vegas Area Real Estate Market Watch was created for informational purposes only.
This is for all the buyers wondering "where is the inventory"? … (4 comments)

las vegas market report: Charleston Heights (Las Vegas NV) Real Estate Market Report & Homes for Sale March 2013 - 04/18/13 12:54 AM


Charleston Heights March 2013 Real Estate Resale Market Report:
Listings (4/15/2013): 58 Under Contract (4/15/2013): 138 Sold March 2013: 44 Since Last Month: Listings are UP +7 units, Pendings are DOWN -9 units, Solds are UP +5 units!
For Current and Past Charleston Heights Market Reports
View Charleston Heights Homes For Sale Here (Updated Daily)
More Information on Charleston Heights Real Estate Here
More Las Vegas Communities Here
(2 comments)

las vegas market report: Coronado Ranch (Las Vegas NV) Real Estate Market Report & Homes for Sale March 2013 - 04/18/13 12:44 AM



Coronado Ranch March 2013 Real Estate Resale Market Report (Homes For Sale/Pending/Sold):
Listings (4/15/2013): 4 Under Contract (4/15/2013): 34 Sold March 2013: 5 Since Last Month: Listings are DOWN -1, Pendings are DOWN -1, Solds Units are DOWN -1
For Current & Past Coronado Ranch Market Reports
View Coronado Ranch Homes For Sale Here (Updated Daily)
More Information on Coronado Ranch Real Estate Here
More Las Vegas Communities Here
(2 comments)

las vegas market report: Sun City MacDonald Ranch (Henderson NV) Real Estate Market Report & Homes for Sale February 2013 - 04/16/13 11:42 PM
Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles.
Sun City MacDonald Ranch is located in the Green Valley Area of Henderson, NV (zip 89012). There are 893 Homes in Sun City MacDonald Ranch ranging from 1020-2489 Square Feet. Community Amenities Include: Clubhouse, Community Golf, Gym, Pool, Spa, Tennis


Sun City MacDonald Ranch Market Report:
Listings (3/15/2013): 16 Under Contract (3/15/2013): 25 Sold February 2013: 10 Since Last Month:
Listing Units UP +6 Under Contract Units UP +3 Sold Units UP +4 Last Month's Sun City MacDonald … (7 comments)

las vegas market report: Rhodes Ranch Area (Las Vegas NV) Real Estate Market Report & Homes for Sale February 2013 - 04/16/13 11:30 PM


Rhodes Ranch Area Resale Market Report (homes for sale, pending and sold):
Active Listings (3/15/2013): 57 Under Contract (3/15/2013): 268 Sold February 2013: 84 Low: $62,000 (Vistana) Median: $141,300 (Huntington Village) High: $451,204 (Durango Ranch)
 
Rhodes Ranch Area Rental Market Report (homes for rent, contingent, leased)
Active Listings (3/15/2013): 149 Under Contract (3/15/2013): 35 Leased February 2013: 114 Low: $650/month (Vistana) Median: $1100/month (Sierra Madre at Rhodes Ranch) High: $2100/month (Rhodes Ranch)


Last Month's Market Report
Includes: Apache Hills, Apache Springs (The Falls), Astoria Homes at Rhodes Ranch
(Independence), Canyon Trail, Huntington, Liberty @ Warm … (2 comments)

las vegas market report: Las Vegas NV Area High & Mid Rise Condominium Resale & Rental Market Report February 2013 - 04/16/13 11:16 PM

Las Vegas High Rise Rentals:
230 Listed 3/15/2013 19 Under Contract 3/15/2013 63 Leased February 2013 3.6 Months Inventory Low Leased Price: $1050/Month (Park Avenue) Median Leased Price: $1800/Month (Turnberry Place) High Leased Price: $5500 (One Queensridge)
Las Vegas High Rise Resales:
391 Listed 3/15/2013 121 Under Contract 3/15/2013 64 Closed February 2013 6.1 Months Inventory Low Sold Price: $74000 (Lake Las Vegas) Median Sold Price: $293000 (Luxe Lofts) High Sold Price: $2300000 (Panorama) This Market is extremely volatile due to the boutique nature and lack of condominium financing. Read last month's report here.
This report is compiled by … (0 comments)

las vegas market report: Las Vegas NV Area "Communities At a Glance" Real Estate Market Report for March 2013 - 04/13/13 08:24 AM
Las Vegas Area "Communities At a Glance" Real Estate Market Report for March 2013

 
What is Absorption Rate?
Absorption rate is basically a report of inventory amounts & trends. It is important for placing offers, pricing new listings and in general understanding where the market is heading. It shows trends in a “monthly format” which gauges how many months it will take for the market to currently “absorb” all of the invententory. You can read more in depth about absorption rate and how it impacts listing a home or buying a home right here.
To View Community Descriptions or … (4 comments)

las vegas market report: Las Vegas NV Area Rental Home Market Report February 2013 (includes Henderson & North Las Vegas) - 04/13/13 08:17 AM


Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.)
Units Leased:
February 2013:  3141 January 2013:  2608 December 2012:  2289 November 2012:  2690 October 2012:  2913 September 2012:  2626 August 2012:  3409 July 2012:  2912 June 2012:  3007 May 2012:  2880 April 2012:  2590 March 2012:  3031 February … (0 comments)

las vegas market report: The Lakes (Las Vegas NV) Real Estate Market Report & Homes for Sale February 2013 - 04/12/13 06:29 AM



The Lakes February 2013 Real Estate Resale Market Report:
Listings (3/15/2013): 33 Under Contract (3/15/2013): 69 Sold February 2013: 18 Since Last Month's Report: Listings UP +3, Pendings UP +5, Sold Units UP +2!
For Current and Past The Lakes Market Reports
View The Lakes Homes For Sale Here (Updated Daily)
More Information on The Lakes Real Estate Here
More Las Vegas Communities Here
(4 comments)

las vegas market report: Las Vegas NV Area Home Sold Terms & Trends February 2013 (includes HN & NLV) - 04/12/13 12:44 AM


Cash REMAINS KING in the Las Vegas Area Real Estate Market!!! It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is enjoying! It is important to understand how a seller looks at each financing type:
Cash Offers: Generally have less contingencies and quicker close times. A cash offer may be accepted even if it is lower than a financed offer.
Conventional Financing: Less strict with lender required repairs but larger down payments and more strict credit guidelines.
FHA/VA Financing: Requires … (4 comments)

las vegas market report: Arlington Ranch (Las Vegas, NV) Real Estate Market Report & Homes for Sale February 2013 - 04/12/13 12:36 AM



 
Arlington Ranch February 2013 Real Estate Resale Market Report
Listings (3/15/2013): 5 Under Contract (3/15/2013): 25 Sold February 2013: 6 Arlington Ranch changes since last month: Listings UP +3, Pendings DOWN -4, Sold units UP +1
Interesting note about Arlington Ranch (Las Vegas) Community:  Arlington Ranch was built at the "height" of bubbled prices.  Many of the listings are distressed sales and (Nov 2011) 79% of the pendings & contracted homes are short sales (read - what is a short sale?)  This is the reason why the pie graphs for Arlington Ranch look so funky and there … (0 comments)

las vegas market report: Las Vegas NV Area Concession Stand February 2013 (includes Henderson & North Las Vegas) - 04/12/13 12:28 AM

Here is what buyers received in seller paid concessions on February 2013 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:
Less than $500: 87% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000: 8% Over $4001: 5% This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory! Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!
Last Month's … (0 comments)

las vegas market report: Las Vegas NV Area Sales by Type: Short Sales, REO, Standard Sales for February 2013 (includes Henderson & North Las Vegas) - 04/08/13 02:35 AM




Las Vegas Area March 15, 2013 Active Listings by Type
REO: 487 (12%) Short Sale: 575 (14%) All Other: 2973 (74%)
 
February 2013 Sales by Type:
REO: 334 (11%) Short Sale: 1198 (39%) Other: 1569 (50%) This is just a guide for consumers to see what types of properties are closing vs what is listed. Currently we have the most closes in the REO sector and the least inventory in the REO sector and it is an extreme seller's market.
Click here to see last month's Listing and Sales Type Report
Click here to view … (9 comments)

 
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Renée Donohue~Home Photography

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Allegan, MI

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