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North Las Vegas, NV Real Estate News

By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
North Las Vegas Real Estate Trends For April 2010, there were 680 home sales in North Las Vegas with a median price of $125,820. Of those, 630 were single-family homes with a median price of $130,000. 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, from $155,000 to $125,000. To find out more about buying or selling real estate in North Las Vegas, just give me ...
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By Lori Ballen, Digital Marketing Strategist
(Keller Williams Las Vegas)
Coldwell Banker Wardley | Coldwell Banker Wardley Real Estate | sold@teamcoldwell.comPrimary: (702) 604-7739Toll Free:   1683 DESERT RIDGE AV $109,900 Click here to view the full details of this property. Year Built: 1992 County: Clark Bedrooms: 4 Baths: 2 full, 1 partial Sqr Footage: 1817 Garage Spots: 2.0 Garage Desc: 2.0 car garage attached Subdivision: ELDORADO-RCL MLS Number: 1037359 COMMENTS    ADDITIONAL FEATURES Association Fee: $12.00 Association Description: CCRs, Play Ground/Park Dining Room Description: Family Room/Dining Combo, Formal Dining Room Exterior Description: Back Yard Access, Covered Patio Fence Description: Backyard Full Fenced Fireplace Description: Gas Kitchen Description: Tile Flooring Landscape Description: Desert Landscaping Living Room Description: Vaulted...
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By Dawn Barrier in Las Vegas at HOMESMART ENCORE, Homes in Las Vegas Nevada 702-812-4550
(HomeSmart Encore - Las Vegas)
 1 in 4 Fall out of Loan Mod Programs- Most likely ending up as Foreclosures or Short Sales Treasury reported that nearly one in four homeowners who were offered lower payments under the Obama administration's 15-month-old effort have been weeded out of the program. Many people were removed from the trials because they failed to make payments, didn't provide all the financial documents needed to qualify or were found to be ineligible.....Go to the WSJournal to read the whole article More Help:  Consumer Credit Counseling If you decide not to do a loan modification and want to try to avoid foreclosure you maybe able to do a short sale.  Read more....Click Here... Information provided by the Greater Las Vegas Association of REALTORS®.   Blog Disclaimer-This is a personal blog. All informa...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas Area REO Inventory has RISEN since last report (+431 units), Under Contracts have FALLEN (-64) units  Closing data has FALLEN (-384) units.  Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.   REO sales accounted for 45% of all Las Vegas Area Valley resale closings in April 2010.  REO listings account for only 19% of total resale listings. Multiple offers are streaming in as banks continue to lower to fire and auction sale prices. Current Listed Bank Owned Statistics: Listings (5/15/2010): 1779 Under Contract (5/15/2010): 2749 Sold April 2010:  1626 View Last Month's Report Here   To find the most recent report, click here
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
North Las Vegas Home Sales: Financing by Price Range Out of 630 single-family homes sold in North Las Vegas in April, 158 (25.1%) were cash sales. At prices below $100,000 cash accounted for 50.0% 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.)
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Here is what buyers received in seller paid concessions on April 2010 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500:  66% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000:  18% Over $4001:  16% 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 Concession Stand
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By Dawn Barrier in Las Vegas at HOMESMART ENCORE, Homes in Las Vegas Nevada 702-812-4550
(HomeSmart Encore - Las Vegas)
Experian ranks top 20 major U.S. metropolitan areas by average debt per consumer Go to EXPERIAN to read the article Metropolitan areas Average debt per consumer 1. Seattle $26,646 2. Dallas $26,599 3. Denver $26,428 4. Atlanta $26,063 5. Phoenix $26,035 6. Houston $25,790 7. Washington, D.C. $25,702 8. Tampa $25,603 9. Philadelphia $25,544 10. Orlando $25,316 11. Minneapolis $25,115 12. Detroit $24,995 13. Sacramento $24,826 14. Chicago $24,781 15. Boston $24,670 16. Cleveland $24,669 17. New York $24,444 18. San Francisco $24,429 19. Miami $24,334 20. Los Angeles $24,009 Blog Disclaimer-This is a personal blog. All information is provided for informational purposes only and is Not legal advice, consult an attorney or financial expert for legal advice. This is general information and i...
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This week's feature is on a community in North Las Vegas called Eldorado. It is located in the 89031 and 89084 zip codes. It is North Las Vegas's first Master Planned Community that started building homes roughly starting in 1989 and is still currently building homes. The whole community is roughly over 1000 acres in size. There is still currently about 110 acres of land that hasn't been developed yet, along with 2 communities that the builder is still selling brand new in the Eldorado Highlands section. View Eldorado Community North Las Vegas in a larger map Eldorado features 2 large community parks, Seastrand and Eldorado parks, with Eldorado park sharing space with Lee Antonello elementary school. On the southern edge of Eldorado is 2 shopping plazas where you will find your nearest ...
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By Rich Mendonca
(Keller Williams)
This week's feature is on a community in North Las Vegas called Madera. It is located in the 89031 zip code and is close to Sandstone Ridge Park and numerous shopping centers. View Madera Community in North Las Vegas in a larger map House's in this subdivision range from about 1200 square feet all the way up to over 2800 square feet. There are 259 homes in this subdivision. This is a picture taken from Sandstone Ridge Park looking into one of the entrances into Madera. Currently there are 4 homes listed for sale and 5 homes are under contract to close very soon. Current sales prices range from a low of $85,000 to a high of $225,500 at the moment. In April there was 3 closings in the neighborhood. That brings houses closed in the community to 11 for the first 4 months of the year so far.
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
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 (4/15/2010):  34 Under Contract (4/15/2010):  35 Sold March 2010:  8 Sun City Aliante is currently enjoying a stable to buyer's market. Since Last Month's Report:  Aliante Sun City, North Las Vegas Listings DOWN -3, Contracted Homes DOWN -1, Sales NO CHANGE Renee Burrows carries the SRES (Senior Real Estate Specialist) Designation and has Probate ...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
North Las Vegas Real Estate Report The North Las Vegas real estate market stumbled in April after a solid first quarter. Year-over-year sales fell by 14.7% with 680 North Las Vegas homes sold in April, compared to 797 in 2009. Sales will need a strong recovery in May and June if we are to keep pace with 2009 results.   The median selling price for single-family homes in North Las Vegas is down 7.1% from April 2009 to April 2010. However, since June we've seen the median price remain flat within a range of $125,000 to $130,000.  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 - March, 2010     North Las Vegas Real Estate Report - February, 2010     North Las Veg...
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By Dawn Barrier in Las Vegas at HOMESMART ENCORE, Homes in Las Vegas Nevada 702-812-4550
(HomeSmart Encore - Las Vegas)
Dawn Barrier | Century 21 | (702) 812-4550 LAS VEGAS SHORT SALE Highland Gardens, Las Vegas, NV North Las Vegas Short Sale 3BR/2BA Single Family House offered at $94,900 Year Built Unspecified Sq Footage Unspecified Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size Unspecified HOA/Maint $40 per month see additional photos below PROPERTY FEATURES - Central A/C - High/Vaulted ceiling - Tile floor - Stove/Oven - Laundry area - inside COMMUNITY FEATURES - Playground ADDITIONAL PHOTOS Photo 1Photo 1Photo 1Photo 1Photo 2Photo 3 Contact info: Dawn Barrier Century 21 (702) 812-4550 For sale by agent/broker Equal Opportunity Housing Posted: May 7, 2010, 9:26am PDT
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
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 51.3% of the inventory, while bank owned properties (REOs) equal 18.8%. 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.)
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Economic Conditions for the Las Vegas Valley February 2010 Housing Conditions:   Foreclosure/Short Sale Listings (4/15/2010): Total Listings 9302; Short Sales: 4323, 46% of all listings; Bank Owned Listings: 1348, 15% of all listings. Short sale and REO listings consume 61% of total listings New Home Sales (March 2010, units sold): 427 Year Change -8.4% (excl condo conversions, highrises) New Home Sales (March 2010, median price): $211,028 Year Change -7.5% (excl condo conversions, highrises) Existing Home Sales (March 2010, units sold): 3833 Year Change +25.1% Existing Home Sales (March 2010, median price): $124,500 Year Change: -12.3% New Home Permits (March 2010): 730 Year Change +213.3% Rental Rate (MLS Monthly Average February 2010): $1732/month  My analysis:  Distressed listings (...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
North Las Vegas Home Sales: Average and Median Prices Homes in North Las Vegas saw average selling prices fall 0.39% in March of 2010. The median selling price remained even at $125,000. For 2009 the average selling price for North Las Vegas homes was down 17.03%, while the median selling price fell 19.35%. 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.)
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
North Las Vegas Real Estate Market Breakdown In last week's look at the North Las Vegas real estate market, I highlighted sales price, volume, and financing trends. Today I'll break down the different listing types of that market -- REOs (bank owned homes), short sales, and regular sales. Overall we have about 2.4 months of North Las Vegas real estate inventory. When we look at each of the listing types, we see that there are three distinct markets. Here are the current figures for North Las Vegas REOs, North Las Vegas short sales, and 'regular' North Las Vegas home sales. Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/March Sales = Absorption Rate). There are only 3 weeks of REO inventory, but almost five mo...
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By Shawn Gibson
(Gavish Real Estate)
Las Vegas Nevada - Clark County Garage Sales #1 In our large Vegas community we all share.  That's why I will provide a list of garage sales going on around the Las Vegas Valley at least once a week.   West Valley Community SaleSaturday 5-1-20106300 West TropicanaLas Vegas, Nevada 89103 Moving Sale4-26 - 4-28270 Solicito AreaLas Vegas, Nevada 89110 All Week Moving Sale4-26 - 5-21292 Lynnewood StreetBoulder City, Nevada 89005 Garage Sale5-1-2010 9am - 3pm5026 Suede CircleNorth Las Vegas, Nevada 89031       For more information, please visit www.sgsellsvegas.net and request your free Short Sale Guide.  Or visit my eNewsletter for up to the minute market information.
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By Shawn Gibson
(Gavish Real Estate)
Back To The Basics - What Is A Short Sale?   With the new HAFA Laws finally taking affect, it may be months before we see how these changes will impact the market.  Will banks honor the 45 days they say would be enough time to complete a short sale?  Are they really interested in helping the housing market recover, RIGHT NOW?   Regardless of the outcome, I think that short sales are and will always be an option for most sellers.  But enough about that.  Most sellers are confused and that is why they decided to walk away from their homes instead of exploring other options.  So let's get "Back To The Basics - What Is A Short Sale?" What is a Short Sale?   A short sale occurs when a lender allows the borrower to sell the property to a third party for less than the total amount due on a mo...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Welcome Home To Gated North Las Vegas Community:  Parks! 448 Single Family Detached Executive Style Homes Ranging from 1159-2801 Square Feet Built from 2001-2002 by Centex Parks in North Las Vegas Community Amenities Include:  Gated Entry and Playground Close to Schools & Retail.  Close to the Northern 215 Freeway which provides good Proximity to I-15 Freeway Access (Nellis AFB & Downtown Employment & Entertainment Centers) View Parks in a larger map
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By Glena Dee
(C21 Aadvantage Gold - Short Sales & Forclosures)
Many times have I been asked, "Glena, you are still showing homes to those clients?  How long has it been? Or told, "I can't believe that you are still showing homes to them.  I would have given them up a long time ago."  They do not see the big picture and that is...when I leave my clients, they are happy.  Guess what they will do?  They will talk to everyone they know about me and that would mean business to me.  buyerMy most difficult clients were a family of four...with all of them deciding on which house to buy.  If the mother liked the house, the two daughters did not. If one of the daughters likes the house...the other daughter didn't.  We started looking for a house for them in February 2009 and we ended up getting one in October 2009 - that is 8 months later.  They were all str...
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