Kimberly Dearth's (vegaslifestylehomes) Blog

  Nevada Trails July 2009 Real Estate Resale Market Report: Listings (8/15/2009):  18 Under Contract (8/15/2009):  52 Sold July 2009:  7 Month's Inventory:  1.9 Since Last Month:  Listings are DOWN -1, Pendings are UP +14, Sales are DOWN -3. Last Month's Nevada Trails Market Report Click here for...

  Economic Conditions for the Las Vegas Valley July 2009  Housing Conditions: Foreclosure/Short Sale Listings (8/15/2009): Total Listings 11568; Short Sales: 4802, 41.5% of all listings; Bank Owned Listings: 2649, 22.9% of all listings. Short sale and REO listings consume 64.4% of total listings ...

  This is part 4 in a series describing different types of sellers and transactions in the Las Vegas Area market. Lis Pendens is a title deficiency that prevents a home sale so I am going to call this a type of seller.  More specifically, it is a seller contingency.  In some states, a Lis Pendens...

This is part 4 in a series describing different types of sellers and transactions in the Las Vegas Area market. Lis Pendens is a title deficiency that prevents a home sale so I am going to call this a type of seller.  More specifically, it is a seller contingency.  In some states, a Lis Pendens i...

  The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement for June 2009.  Absorption still remains high BUT is hovering around the 1 year mark.  Solds have FINALLY gone from hovering the 200 unit mark and went over the 400 mark.  I see improvement in this sector! Inve...

  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. ...

  Rhodes Ranch Area resale market report: Active Listings (7/16/2009): 217 Under Contract (7/16/2009): 341 Sold June 2009:  115 Months Inventory: 1.9 Rhodes Ranch Area Rental Market Report: Active Listings (7/16/2009): 120 Under Contract (7/16/2009): 19 Leased June 2009:  48 Months Inventory:  2....

  Las Vegas Area Seller or Transaction Category #3:  New Construction (Builder) This is part 3  in a series describing different types of sellers and transactions in the Las Vegas Area market. A Builder is a type of seller.  New Construction would be considered a sales type in the Las Vegas Marke...

  Rentals: 259 Listed 7/16/2009 10 Under Contract 7/16/2009 63 Leased June 2009  4.1 Months Inventory Resales: 747 Listed 7/16/2009 91 Under Contract 7/16/2009 44 Closed June 2009 17 Months Inventory  Still bad but significant improvement over last several months! This Market is extremely volatil...

  The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year!  Absorption for July 2009 is a seller's market @ 2.5 months of inventory (compare it to 22.5 months inventory in Nov/Dec 2007!)   Some micro-markets (ie,Foreclosures Bank Owned...