Listed below are the current inventory and April, 2009 statistics for home sales in the North Las Vegas Nevada real estate market. If you have any questions or need more information about real estate in North Las Vegas call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business! Total Homes Available: 2,792  (as of May 6, 2009)  Single-Family:  2,584  (3.5 month supply*) Condo:  98  (3.3 month supply) Townhouse:  110  (3.5 month supply) Total Contingent and Pending Sales: 2,217  (as of May 6, 2009) Single-Family:  2,108 Condo:  59 Townhouse:  50 April, 2009 Sales: Single-Family:  736  (Price range: $15,000 - $453,000) Condo:  30  (Price range: $27,300 - $95,000) Townhouse:  31  (Price range: $45,000 - $170,000) Sales per month               No... 05/06/2009

The rental sector has surprisingly remained stable throughout all this market turmoil! 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. Units Leased: March 2009:  1825 February 2009:  1702 January 2009:  1651 December 2008:  1390 November 2008:  1405 October 2008:  1707 September 2008:  1531 August 2008:  1719 July 2008:  1697 June 2008 1564 May 2008:  1554 April 2008:  1536 March 2008:  1531  February 2008:  1632  January 2008:  1500   Average Monthly Rental Rates: March 2009:  $1365 February 2009:  $1419 January 2009:  $2083 December 2008:  $1594 November 2008:  $1506 October 2008:  $1393 September 2008:  $1610 August 2008:  $1464 July 2008:  $1510 June 2008:  $... 04/28/2009

 Inventory has fallen dramatically since last report (-595 units), Pendings have risen +1044 units  Closing data is slightly up at +33 units.   Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.   Foreclosures are showing NO signs of stopping! REO sales accounted for 81.2% of all Las Vegas Area Valley resales in February 2009.  REO listings account for only 32.9% 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 (4/14/2009): 6642 Under Contract (4/14/2009): 5343 Sold March 2009:  2194 Absorption Rate:  1.9 Months View Last Month's Report Here   To find the most recent report, click here If you are thinking about buying an... 04/21/2009

The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year!  Absorption for February 2009 is a healthy 7.2 months of inventory (compare it to 22.5 months inventory in Nov/Dec 2007!)   Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm!  Here is a snapshot of valley listings: (Feb/Mar 2008)  All SFR, Townhome, Condo Listings: Listings (3/20/2008):  22,644 Under Contract (3/20/2008):  4516 Sold February 2008:  1318 Month's Inventory:  17.2 (Mar/April 2008)  All SFR, Townhome, Condo Listings: Listings (4/16/2008):  21983 Under Contract (4/16/2008):  5390    Sold March 2008:  1747 Month's Inventory:  12.6  (April/May 2008)  All SFR, T... 04/13/2009

Sun City Aliante consists of all one-story homes with two to three bedrooms from 1,157 to 2,104 square feet. All homes have 2-car garages. Construction began in 2003, and new homes are still available. For more information, or to buy or sell a home in Sun City Aliante, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.   Sales Activity from Jan 1 - Mar 31, 2009:    Homes Sold: 19    Median Price: $146,000    Average DOM: 85   Existing Inventory:    Homes for Sale: 53    Price Range: $115,000 - $374,900    Under Contract: 17                Here are the details of the first quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Notes 2324 Carrier Dove 1718 3/2 $219,900 $210,000 42   7821 Island Rail 1570 2/2 $201,000 $210,000 13 Bank owned 7733 Rock Wren 2104 3/2 $219,900 ... 04/08/2009

Listed below are the current inventory and March, 2009 statistics for home sales in the North Las Vegas Nevada real estate market. If you have any questions or need more information about real estate in North Las Vegas call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business! Total Homes Available: 3,251  (as of April 4, 2009)  Single-Family:  3,016  (4.7 month supply*) Condo:  110  (6.1 month supply) Townhouse:  125  (5.7 month supply) Total Contingent and Pending Sales: 1,929  (as of April 4, 2009) Single-Family:  1,810 Condo:  60 Townhouse:  59 March, 2009 Sales: Single-Family:  642  (Price range: $14,700 - $550,000) Condo:  18  (Price range: $17,000 - $88,000) Townhouse:  22  (Price range: $29,999 - $165,000) Sales per month            ... 04/04/2009

Links More Info Description Unique and elegant floorplan! Oversized garage for extra storage. Backyard is landscaped. Granite countertops w/ all appliances. Loft. NOT A SHORT SALE, NOT A REPO, JUST PRICED RIGHT!For more pictures, info, virtual tour & floorplan: http://www.reneeburrows.com/5729 Features Bedrooms: 4 Bathrooms: 3 Year Built: 2005 Subdivision: Shadows Lot Size: 6534 Garage Size: 3 School District: CCSD Square Footage: 2819 Agent Name: Renee Burrows Broker: NVRS MLS #: 912322 Location 5729 Clarendon Ln North Las Vegas NV 89081 Powered by vFlyer.com vFlyer Id: 2301898 OPEN SAT 4/4 and Sun 4/5/2009! GO TO: www.5729Clarendon.com for further details!  Seller will consider non-traditional means of financing such as Financing the Buyer (OWC or Owner Will Carry) or Lease Option *R... 04/03/2009

Listed below are the current inventory and February, 2009 statistics for home sales in the North Las Vegas Nevada real estate market. If you have any questions or need more information about real estate in North Las Vegas call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business! Total Homes Available: 3,429  (as of March 5, 2009)  Single-Family:  3,181  (x.x month supply*) Condo:  108  (x.x month supply) Townhouse:  140  (x.x month supply) Total Contingent and Pending Sales: 1,632  (as of March 5, 2009) Single-Family:  1,525 Condo:  52 Townhouse:  45 February, 2009 Sales: Single-Family:  500  (Price range: $9,900 - $495,000) Condo:  16  (Price range: $39,000 - $114,000) Townhouse:  15  (Price range: $46,500 - $120,000) Sales per month      ... 03/05/2009

The absorption rate for Las Vegas Valley Area Short Sales went up slightly for January 2008.  Absorption still remains high and above the two year mark.  Inventory has increased sharply (+191units).  Pending units have increased sharply by +330 units.    Solds have  decreased by -221 units.  Absorption up by almost 9 months There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 2/15/2008: 6771 Pending 2/15/2008: 2295 Closed January 2009: 221 Month's Inventory: 30.6 (=2.5 Years Inventory.) Short Sales Currently Account for: 33.5% of All Las Vegas Valley Listings 8.4% of All Las Vegas Valley Sales One thing you really need to consider when buying or selling short is to make sure the list agent is EXPERIENCED in this ... 02/26/2009

Listed below are the current inventory and January, 2009 statistics for home sales in the North Las Vegas Nevada real estate market. If you have any questions or need more information about real estate in North Las Vegas call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business! Total Homes Available: 3,629  (as of February 6, 2009)  Single-Family:  3,364  (7.0 month supply*) Condo:  138  (7.3 month supply) Townhouse:  127  (11.5 month supply) Total Contingent and Pending Sales: 1,362  (as of February 6, 2009) Single-Family:  1,285 Condo:  32 Townhouse:  45 January, 2009 Sales: Single-Family:  484  (Price range: $12,000 - $470,000) Condo:  19  (Price range: $49,900 - $114,900) Townhouse:  11  (Price range: $65,000 - $166,000) Sales per month... 02/06/2009

Sun City Aliante consists of all one-story homes with two to three bedrooms from 1,157 to 2,104 square feet. All homes have 2-car garages. Construction began in 2003, and new homes are still available. For more information, or to buy or sell a home in Sun City Aliante, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.   Sales Activity from Oct 1 - Dec 31, 2008:    Homes Sold: 20    Median Price: $175,000    Average DOM: 89   Existing Inventory:    Homes for Sale: 48    Price Range: $114,900 - $374,900    Under Contract: 19                Here are the details of the fourth quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date Notes 3207 Kingbird 2104 3/2 $279,900 $267,500 106 12/05/08   2504 Carrier Dove 1570 3/3 $257,900 $253,000 18 10/10/08 Bank owned 352... 01/17/2009

Listed below are the current inventory and December, 2008 statistics for home sales in the North Las Vegas Nevada real estate market. If you have any questions or need more information about real estate in North Las Vegas call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business! Total Homes Available: 3,739  (as of January 5, 2009)  Single-Family:  3,463  (7.5 month supply*) Condo:  140  (13.9 month supply) Townhouse:  136  (8.1 month supply) Total Contingent and Pending Sales: 1,197  (as of January 5, 2009) Single-Family:  1,138 Condo:  28 Townhouse:  31 December, 2008 Sales: Single-Family:  572  (Price range: $15,000 - $485,000) Condo:  5  (Price range: $65,000 - $115,000) Townhouse:  16  (Price range: $73,000 - $201,246) Sales per month ... 01/08/2009

Even though bank owned listings (aka Foreclosures, REO) are seeing an upward tick in absorption, it is still a seller's market! Inventory has risen dramatically (+513 units), Pendings have risen +82 units  Closing data is up up UP at -424 units.  Inventory is rising at an uncontrolled pace which is causing the absorption rate to rise also.  What I know on the back end with all the contracts being written, this may change VERY soon here.  Low interest rates have spurred a flurry of buyer activity this December.  Since the numbers were pulled, we are almost another 200 pendings higher!  Foreclosures are showing NO signs of stopping! REO sales accounted for 76.6% of all resales in November 2008.  REO listings account for only 35.9% of total resale listings. Multiple offers are streaming i... 12/22/2008

Economic Conditions for the Las Vegas Valley October 2008  Housing Conditions: Foreclosure/Short Sale Listings (12/9/2008): Total Listings 21,550; Short Sales: 6695, 31.1% of all listings; Bank Owned Listings: 7662, 35.6% of all listings. Short sale and REO listings consume 66.6% of total listings New Home Sales (October 2008, units sold): 798 Year Change -31.8% (excl condo conversions, highrises) New Home Sales (October 2008, median price): $244,086 Year Change -18.1% (excl condo conversions, highrises) Existing Home Sales (October 2008, units sold): 3140 Year Change +105.4% Existing Home Sales (October 2008, median price): $180,000 Year Change: -30.6% New Home Permits (October 2008): 329 Year Change +82.1% Rental Rate (MLS Monthly Average October 2008): $1393/month  My analysis:  Dist... 12/09/2008

89030 Units Sold Median Price 1000's Jan-08 4 170 Feb-08 6 100 Mar-08 7 98 Apr-08 7 122 May-08 8 111 Jun-08 15 87 Jul-08 20 84 Aug-08 16 105 Sep-08 23 82 Oct-08 36 63 Nov-08 35 52 89031 Units Sold Median Price 1000's Jan-08 45 218 Feb-08 58 220 Mar-08 83 190 Apr-08 102 198 May-08 126 180 Jun-08 128 182 Jul-08 154 181 Aug-08 144 170 Sep-08 165 165 Oct-08 192 160 Nov-08 129 155 89032 Units Sold Median Price 1000's Jan-08 27 214 Feb-08 19 204 Mar-08 27 200 Apr-08 35 179 May-08 44 181 Jun-08 74 172 Jul-08 74 160 Aug-08 59 164 Sep-08 89 155 Oct-08 75 150 Nov-08 51 135 89081 Units Sold Median Price 1000's Jan-08 23 218 Feb-08 23 208 Mar-08 39 215 Apr-08 40 215 May-08 69 201 Jun-08 63 199 Jul-08 93 190 Aug-08 74 186 Sep-08 97 180 Oct-08 86 178 Nov-08 63 169 89084 Units Sold Median Price 1000'... 12/08/2008

Listed below are the current inventory and November, 2008 statistics for home sales in the North Las Vegas Nevada real estate market. If you have any questions or need more information about real estate in North Las Vegas call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business! Total Homes Available: 3,819  (as of December 4, 2008)  Single-Family:  3,559  (7.5 month supply*) Condo:  139  (13.9 month supply) Townhouse:  121  (8.1 month supply) Total Contingent and Pending Sales: 1,239  (as of December 4, 2008) Single-Family:  1,179 Condo:  21 Townhouse:  39 November, 2008 Sales: Single-Family:  475  (Price range: $31,000 - $690,000) Condo:  10  (Price range: $39,375 - $130,000) Townhouse:  15  (Price range: $70,875 - $176,997) Sales per mon... 12/06/2008

Las Vegas, NV Area First Time Buyers to All Cash Investors:  Does it Make Sense to Buy a Home Right Now? Can you own for less than renting?  Can you own a rental and see a decent monthly return on your investment? Weekly feature w/ 4 homes in different areas of the valley designed to help people from first time buyers to all cash investors to see if the numbers make sense! Address:  8220 Willeta Ave West Las Vegas:  Near Boca Park, Single Story, 2 Car Garage & Private Backyard Price: $99,900 Rental Comps:  $950-1050* Estimated FHA Monthly Payment:  $783** Address: 6322 Bluehurst Ave East Las Vegas:  1655 Sq Feet, 2 Car Garage, Tile in Kitchen Price:  $104,000 Rental Comps: $1150-1250* Estimated FHA Monthly Payment:  $814***  Address:  334 Penney View Ct North Las Vegas:  2636 Sq Ft, Lar... 12/03/2008

October had surprisingly high unit leased numbers for an October.  This is good news for the rental sector as summer numbers could have been better!  NOTE:  The average rental price did fall dramatically but median rates stayed stable.  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. Units Leased: October 2008:  1707 September 2008:  1531 August 2008:  1719 July 2008:  1697 June 2008 1564 May 2008:  1554 April 2008:  1536 March 2008:  1531  February 2008:  1632  January 2008:  1500  December 2007:  1156 November 2007:  1452 Average Monthly Rental Rates: October 2008:  $1393 September 2008:  $1610 August 2008:  $1464 July 2008:  $1510 June 2008:  $1503 May 2008:  ... 12/01/2008

Sierra Ranch is located in North Las Vegas. There are many different housing choices from entry level choices starting at 1476 square feet to larger choices of 3803 square feet. There are five different collections: The Apple Creek Collection ranges from 1612-2021 square feet with *some* three story homes. This is my personal favorite collection with some great standard elevations such as stone veneer The Butterfield Collection ranges from 1476-1734 square feet The Heartland Collection ranges from 2802-3361 square feet The Hillcrest Collection ranges from 2140-3803 square feet The Orchard Hill Collection ranges from 1867-2307 square feet Quaint White Split Rail Fences outline the four common areas in this neighborhood. Community amenities include: a playground, soccer fields, picnic & ... 11/29/2008

The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year!  Absorption for November 2008 is a healthy 7.0 months of inventory (compare it to 22.5 months inventory in Nov/Dec 2007!)  Be warned, the market as a whole is considered a "neutral market" ~ not a buyer's market, not a seller's market.  Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm!  Here is a snapshot of valley listings: (Nov/Dec 2007)  All SFR, Townhome, Condo Listings: Listings (12/9/2007):  25691 Under Contract (12/9/2007):  2304 Sold November:  1137 Month's Inventory:  22.5 (Jan/Feb 2008)  All SFR, Townhome, Condo Listings: Listings (2/10/2008):  23665 Under Con... 11/28/2008