Amazing things happen in Las Vegas!Go to the Las Vegas Sun to read the whole article and see a picture.From the article:  A paleontologist revealed Thursday the discovery of a seven-foot-long Columbian Mammoth tusk in an area near North Las Vegas rich with fossils.Thousands of fossils have been found in the area of the proposed Tule Springs National Monument, including many Columbian Mammoths - 14-foot-tall creatures that roamed the Nevada desert thousands of years ago.Go to the LasVegas Review Journal to see a video Mammoth tusk discovered near North Las Vegas, Tule Springs    12/03/2010

12/03/2010

Thanks to Las Vegas attorneys Black & LoBello for this article. Snippet from their article:  Nationstar Mortgage is imposing a new requirement on the buyer, one we are seeing for the first time.   In order to obtain approval from Nationstar to conduct a short sale, the application states that "all Buyers requesting a "Short Sale" on a Nationstar property must submit an application for Loan Approval through Nationstar Mortgage before an offer can be accepted on a property.  Applicants are not required to use Nationstar to fund their loan.  They buyer, however, does have to submit an application to confirm that they qualify for a loan and are in good credit standing. Click on the link below to go to their site to read the whole article: Nationstar's New Short Sale Requirements for Buyers... 12/02/2010

Economic Conditions for the Las Vegas Valley October 2010 (includes Henderson & North Las Vegas) Housing Conditions:   Foreclosure/Short Sale Listings (11/15/2010): Total Listings 15597; Short Sales: 7697, 49% of all listings; Bank Owned Listings: 3286, 21% of all listings. Short sale and REO listings consume 70% of total listings New Home Sales (September 2010, units sold): 391 Year Change -7.3% (excl condo conversions, highrises) New Home Sales (September 2010, median price): $202,296 Year Change -2.9% (excl condo conversions, highrises) Existing Home Sales (September 2010, units sold): 3540 Year Change -14.4% Existing Home Sales (September 2010, median price): $123,000 Year Change: -1.8% New Home Permits (September 2010): 230 Year Change -41.9% Rental Rate (MLS Monthly Average Sept 2... 11/30/2010

North Las Vegas Home Sales: Financing by Price Range Out of 524 single-family homes sold in North Las Vegas in October, 173 (33.0%) were cash sales. At prices below $100,000 cash accounted for 61.1% of sales, accenting the intense competition that first-time homebuyers face from investors. The higher rate of VA financing relative to other areas of the valley can be explained by the proximity of Nellis Air Force Base. To find out more about buying or selling homes in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com. (GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.) 11/24/2010

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 more scrutiny with lender required repairs via appraisal.  In general these take longer to underwrite and close so a cash or conventional offer looks more enticing to the seller. ... 11/24/2010

North Las Vegas Homes For Sale: Listings by Price Range Here's a summary of the single-family homes for sale in North Las Vegas. Short sales are responsible for 57.2% of the inventory, while bank owned properties (REOs) equal 19.8%. To find out more about buying or selling homes in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com. (GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.) 11/22/2010

North Las Vegas Home Sales: Average and Median Prices Homes in North Las Vegas saw average selling prices fall 2.44% in October. The median selling price inched up 0.97%. So far in 2010, the average selling price for North Las Vegas homes is down 4.49%, while the median selling price has fallen 2.34%. The total number of North Las Vegas homes sold is down 15.87% year over year, with 7,128 sales in 2009 and 5,997 in 2010.   To find out more about buying or selling real estate in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com. (GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.) 11/18/2010

Las Vegas Area REO Inventory has RISEN since last report (+110 units), Under Contracts have FALLEN (-21) units  Closing data has FALLEN (-70) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.   REO sales accounted for 45% of all Las Vegas Area Valley resale closings in October 2010.  REO listings account for only 21% of total resale listings. Current Listed Bank Owned Statistics: Listings (11/15/2010):  3286 Under Contract (11/15/2010): 2778 Sold October 2010:  1460 View Last Month's Report Here   For Most Current Las Vegas REO Inventory Market Report. What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, w... 11/17/2010

 This group is enjoyingthe sunshine of North Las Vegas in the Aliante area.   11/16/2010

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: September 2010:  2171 August 2010:  2300 July 2010:  2106 June 2010:  2214 May 2010:  2049 April 2010:  2210 March 2010:  2269 February 2010:  2100 January 2010 1784 December 2009:  1713 November 2009:  1691 October 2009:  2015 September 2009:  1849  Average Monthly Rental Rates: September 2010:  $1484 August 2010:  $1459 July 2010:  $1425 June 2010:  $1410 May 2010:  $1254 April 2010:  $1413 March 2010... 11/11/2010

Backed by the Federal Housing Administration (FHA), these new FHA PowerSaver loans will offer homeowners up to $25,000 to make energy-efficient improvements of their choice, including the installation of insulation, duct sealing, doors and windows, HVAC systems, water heaters, solar panels, and geothermal systems. To read all the information go to: HUD Announces Pilot Program to Help Homeowners Pay for Energy Improvements to their Homes   Las Vegas Short Sale Agent Realtor® Dawn Barrier*Short Sale Help*Las Vegas North Las Vegas, NV More about me...  Dawn Barrier @ Century 21 Realtor® If would like to sell or purchase a Las Vegas home , North Las Vegas home or a Henderson home give me a call (702) 812-4550. Dawn Barrier SHORT SALE SPECIALIST,CSP® Las Vegas Short Sale Realtor®    11/10/2010

North Las Vegas Real Estate Trends For October 2010, there were 580 home sales in North Las Vegas with a median price of $120,825. Of those, 523 were single-family homes with a median price of $125,000. This marks the 18th straight month that the median price has stayed within a range of $123,800 to $135,000. Here's a quick look at price, volume and financing trends in the North Las Vegas real estate market.   In 2009 there were a total of 9,207 homes sold in North Las Vegas. This area is north of Charleston Boulevard, east of Rancho Road, and west of the I-15 freeway, and includes most of the city of North Las Vegas. The median sale was a 3-bedroom, 1839 square foot home with a selling price of $129,900. The median selling price for a single-family home fell by 19.4% during the year, f... 11/09/2010

North Las Vegas Real Estate Report The North Las Vegas real estate market continued its downward trend in October, with 579 homes sold compared to 605 in September, Year-over-year sales are down 30.7% from the 836 North Las Vegas homes sold in September 2009. The mix of available North Las Vegas homes for sale is 57.9% short sales, 22.3% regular sales and 19.8% bank owned.   The median selling price for single-family homes in North Las Vegas is the same as it was in October 2009. At $125,000 this makes 17 out of 18 months that it has stayed within the range from $125,000 to $135,000. GLVAR deems information reliable but not guaranteed. Information is for MLS areas 101-103. Previous North Las Vegas real estate reports:     North Las Vegas Real Estate Report - September 2010     North Las... 11/05/2010

Well, it has been over a year and a half since I wrote a blog on how to find out if the home your renting is in foreclosure..... Renters How to Find Out if Home is in Foreclosure/Default/Breach but I am still running into folks who are finding this out a little too late. 1.  Go to Clark County Assessor page .. type in the address,  just street # and street name should do it then hit submit (tip: don't put in the word street or ave etc as it won't work, just the street name) EXAMPLE.....M.W. Schofield, Assessor   Parcel number inquiry - search by Location Address Please enter all information known and click the SUBMIT button.If street number is entered, results will include addresses within three (3) blocks.       Street Number:     Street Number must be Numeric Street Direction:     Str... 11/04/2010

North Las Vegas Home Sales: Financing by Price Range Out of 486 single-family homes sold in North Las Vegas in September, 164 (33.7%) were cash sales. At prices below $100,000 cash accounted for 61.0% of sales, accenting the intense competition that first-time homebuyers face from investors. The higher rate of VA financing relative to other areas of the valley can be explained by the proximity of Nellis Air Force Base. To find out more about buying or selling homes in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com. (GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.) 11/01/2010

Age Restricted (55+) Communities are scattered throughout the valley.  Many offer a variety community amenities for Seniors who enjoy active lifestyles. Sun City Aliante is located in the Aliante Area of North Las Vegas, NV (zip 89084).  There are 1829 homes in Sun City Aliante ranging from 1157-2104 Square Feet.  Community Amenities Include:  Community Golf, Clubhouse, Gym, Pool, Spa, Tennis, Recroom. Sun City Aliante Market Report: Listings (10/15/2010):  52 Under Contract (10/15/2010):  24 Sold September 2010:  5 Sun City Aliante is currently enjoying a stable to buyer's market. Since Last Month:   Aliante Sun City, North Las Vegas Listings UP +17, Contracted Homes DOWN -5, Sales DOWN -5 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (... 11/01/2010

Ardiente is a charming community of 788 homes located in North Las Vegas. The community opened in 2005 by Centex and was later purchased by Shea Homes. Today this popular Nevada active adult community is under the popular Trilogy active adult brand by Shea Homes. Residents appreciate the intimate size and the friendly neighborhood feel of this gated 55+ community. The collection of amenities begins with the lovely community clubhouse designed in beautiful Spanish-style architecture. Features include a state-of-the art fitness center with plenty of equipment for strength and cardiovascular fitness as well as a lap pool plus a large outdoor swimming pool. There is a computer center and also rooms for arts, crafts and cards plus billiards table perfect for a fun afternoon with friends. Asi... 10/29/2010

North Las Vegas Homes For Sale: Listings by Price Range Here's a summary of the single-family homes for sale in North Las Vegas. Short sales are responsible for 56.8% of the inventory, while bank owned properties (REOs) equal 20.2%. To find out more about buying or selling homes in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com. (GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.) 10/26/2010

Las Vegas Real Estate Inventory is still increasing RAPIDLY.  It is rising so quick and I predict that we will emerge from a seller's market to stable market territory in the next month or two. This is more than likely due to the first time buyer's tax credit expiring.  This will afford more opportunities for buyers to have less competition when placing offers in homes. Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (10/15/2010):  15095 Under Contract (10/15/2010):  12952 Sold September 2010:  3440 Short Sales: 49% of Listings 31% of Sales REO (Foreclosures, Bank Owned:) 21% of Listings 44% of Sales In One Month:  Listings are UP +1008 units, Contracted Listings DOWN -595, Sales are DOWN -78 units.  Close ratios are going lower because much ... 10/22/2010