Penny Andrews's (bouldercity) Blog

It's been an amazing 15 months in Boulder City.  Demand is up!  It's been up so far, that our inventory is down.  Usually we have 140 houses for sale...now we're barely over 100.   If you're a buyer looking for a house in Boulder City, don't be surprised if there's only one that will work for you...

Recently I looked at the list of Notice of Default and Pre-Foreclosure homes in Boulder City.  Shocking!  Our conservative town has over 100 notices filed. Watch for falling prices!  Sellers, beware, better jump into the market immediately before your equity vanishes down the drain.  Buyers, ther...

We know that all real estate is local.  Analysis is valid only for a specific market.  Global statements do not apply.   Something strange is happening.  Our issues are springing up around the world.  And the discussion is going much differently.   Currently I am in England.  Reading the papers m...

The world has finally caught up with Boulder City.  With over 100 homes in default, there go the prices. Down, down, down.  This small town with its precious lifestyle has resisted the slashing of prices, but the trend caught up with it last year, and this year looks to be brutal for sellers.   L...

Green Valley Ranch is one of the finest master-planned communities in the Greater Las Vegas area.  Because it was well established before the "boom" period, it hasn't had the level of foreclosures.  The property values are holding up well.  Buyers who are looking for a one-story home are going to...

Tonight my dear friend Bea Goodwin, of Source Las Vegas, gave us a glimpse of self-directed IRAs and 401ks.  It's a way to control your retirement investments yourself.  The plan is to sign up with Bea, take some money out of the IRA, and put it into real estate investment property.   Since real ...

Has anyone asked the question, what's the real estate profession coming to?  The reason for the question is my personal frustration from dealing with REO agents who ignore the MLS rules as well as the law.  I understand that the banks are too big to sue; but the agents of the banks are not.   I p...

It seems that prices have stabilized in the Las Vegas Valley (which may be because the foreclosured properties are being withheld from the market) but they are still falling in Boulder City.  FALLING  so for all you investors out there, it's time to get a rental property in Boulder.     Thinking ...

This is the toughest time to be a seller of real estate!  How can you compete with Short Sales and Bank-owned properties?  The buyers are looking for bargains and are often quite unrealistic in what they can get for their money.  Yet they persist in listening to the media (which is always out of ...

Some of you may be wondering why some agents survive all the twists and turns of real estate.  Are they lucky?  Are they blessed?  Are they smart?  Are they adaptable?  Are they well-trained and well-educated? If you guessed the last one, you are right!! The agents who have more training and more...