RECENT BLOG POSTS
Las Vegas, NV Area August 2009 Pendings Report: Inventory Still Going Down, Pendings Still Going UP!
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The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year! Absorption for August 2009 is a seller's market @ 2.8 months of inventory (slight rise from last month, seeing some micros inch up with inventory!) Some micro-markets (ie,For...
09/18/2009
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Nevada Trails July 2009 Real Estate Resale Market Report (Homes For Sale, Pending, Sold): Listings (9/15/2009): 21 Under Contract (9/15/2009): 49 Sold August 2009: 8 Month's Inventory: 2.6 Since Last Month: Listings are UP +3, Pendings are DOWN -3, Sales are UP +1. Last Month's Nevada Trai...
09/18/2009
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Mountain's Edge August 2009 Real Estate Resale Market Report: Listings (8/152009): 176 Under Contract (8/15/2009): 359 Sold July 2009: 63 Month's Inventory: 2.8 Since Last Month: Listings are DOWN -6, Pendings are UP +2-, Sales are DOWN -16 Last Month's Mountain's Edge Real Estate Market R...
09/18/2009
The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Absorption still remains high BUT has recently moved under 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! Inventory ha...
09/18/2009
Arlington Ranch Las Vegas, NV August 2009 Real Estate Market Report (Homes For Sale, Pending & Sold)
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Arlington Ranch August 2009 Real Estate Resale Market Report Listings (9/15/2009): 16 Under Contract (9/15/2009): 55 Sold August 2009: 14 Month's Inventory: 1.1 Arlington Ranch changes since last month: Listings DOWN -2, Pendings DOWN -5, Sold UP +5 Click Here for Last Month's Report For M...
09/18/2009
Welcome Home to SW Las Vegas Communities: Apache Springs Condo aka "THE FALLS" Apache Springs Condominiums "The Falls" is a gated community snuggled in the southwest Las Vegas valley foothills. They feature great peek-a-boo views of the mountains to the west and to the north!View Map (Satelli...
09/18/2009
Economic Conditions for the Las Vegas Valley August 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 listing...
09/14/2009
Two of my favorite mortgage bloggers wrote some great articles that I want First Time Buyers in our area to check out and weigh their options: Outsmart the Crowd: Skip the $8000 Tax Credit and Wait to Buy by Janet Guilbault And the rebuttal: So you think you outsmarted the crowd because you ski...
09/14/2009
Here is what buyers received in seller paid concessions on July 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500: 68% ($500 only buys you a home warranty or (no and) an appraisal Between $501-4000: 14% Over $4001: 18% This pretty much means that sellers aren't...
09/14/2009
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Rhodes Ranch Area Resale Market Report (homes for sale, pending and sold): Active Listings (8/15/2009): 195 Under Contract (8/15/2009): 386 Sold July 2009: 104 Months Inventory: 1.9 Rhodes Ranch Area Rental Market Report (homes for rent, contingent, leased) Active Listings (8/15/2009): 133 Und...
09/14/2009