I may have been a little conservative when I estimated weeks ago that we would see 500 pendings rise from these Las Vegas Foreclosure auctions!  Two weeks post we are looking at rising closings and rising pendings (+57 Units)!  Yes we are seeing listings rise (+13 units), not to outpace the rise of closings and pendings.  I am almost wondering if this market may swing into a seller's market for one or two months early in 2008.  It is definitely the closest thing to a seller's market when you break down all the sub markets here.  I do want to hold off on my optimism.  We will be seeing another avalanche of foreclosures as speculators who are bleeding to death would rather chop off their arm (let a non-performing investment go back to the bank.) Here are current REO (bank owned, foreclosu... 12/22/2007

Listed below are the current inventory and November, 2007 statistics for home sales in the North Las Vegas, Nevada real estate market:Total Homes Available:4,800  (as of December 3)  Single-Family:  4,517  (27.9 month supply*) Condo:  144  (36.0 month supply) Townhouse:  139  (69.5 month supply)November, 2007 Sales:Single-Family:  162  (Price range: $100,000 - $1,050,000) Condo:  4  (Price range: $148,500 - $190,000) Townhouse:  2  (Price range: $297,000 - $320,000)  JunJulAugSepOctNovSingle Family279255243183184162Condominium10168444Townhouse785372Median Selling Price:Single-Family:  $254,450 Condo:  $158,450 Townhouse:  $308,500  JunJulAugSepOctNovSingle Family$286,000$275,000$270,000$260,000$260,000$254,450Condominium$210,008$196,500$182,000$167,500$151,000$158,450Townhouse$225,000$1... 12/03/2007

Last month, LVMPD hosted the 17th annual K-9 trials at the Orleans Hotel/Casino. It is one of the oldest and largest K-9 competitions in the country with 46 participants from Nevada, California, Utah, Arizona and Colorado.The North Las Vegas Police Department SWEPT the competition!  Not only did NLVPD take 1st Place for Top Agency, they were also successful in taking 1st Place for Top Dog. The participants were:NLVPD ~ Sgt. Blackwell and NickyOfficer Manteufel and MazzOfficer Schwanitz and ZorroNorth Las Vegas Police Department won a total of 9 awards!  Other awards were:NLVPD K-9 Unit1st place as Top AgencySgt. Blackwell and Nicky3rd place in Top Dog1st place in Agility1st place in building Search4th place in ObedienceOfficer Manteufel and Mazz1st place in Top Dog1st place in Handler P... 11/09/2007

Thanksgiving is not just about giving THANKS, it's about GIVING.  As the NLV Chamber of Commerce, North Vista Hospital and LM Construction are about to demonstrate, it is better to give than to receive. These companies are joining together to replenish the food pantry at Lowman Elementary. LM Construction will park a 50-foot semi truck in the parking lot of North Vista Hospital from November 12 - 16th from 11 am to 7 pm.  Let's spread the word to donate what we can to fill this truck!  Donated items should be non-perishable food items for students & families.  Just in time for the Thanksgiving holiday.  Let's remember to GIVE this holiday season.2nd Annual Thanksgiving Food Drive will benefit Lowman Elementary.  LOCATION:November 12 through 1611:00AM to 7:00PMNorth Vista Parking Lot1409... 11/09/2007

Listed below are the current inventory and October, 2007 statistics for home sales in the North Las Vegas, Nevada real estate market:Total Homes Available:4,903  (as of November 7) Single-Family:  4,621  (19.4 month supply*) Condo:  159  (18.3 month supply) Townhouse:  123  (25.4 month supply)October, 2007 Sales:Single-Family:  184  (Price range: $119,000 - $17,375,000) Condo:  4  (Price range: $86,000 - $179,000) Townhouse:  7  (Price range: $164,900 - $254,900)  MayJunJulAugSepOctSingle Family270279255243183184Condominium71016844Townhouse978537Median Selling Price:Single-Family:  $260,000 Condo:  $151,000 Townhouse:  $199,000  MayJunJulAugSepOctSingle Family$274,495$286,000$275,000$270,000$260,000$260,000Condominium$199,000$210,008$196,500$182,000$167,500$151,000Townhouse$204,074$225,... 11/07/2007

I remember as a kid not having to worry about SAFE trick or treating.  For those in the North Las Vegas area, the following locations will be having SPOOKY CELEBRATIONS for the whole family.  Costumes are encouraged but not required for the free events.The North Las Vegas Main Library at 2300 Civic Center Drive is having a Halloween party!  The party will be at 10 a.m. on Saturday, Oct. 20, at 2300 Civic Center Drive. For more information, call the library at 633-1070.The Silver Mesa Recreation Center's Halloween Carnival will be from 2 p.m. to 5 p.m. on Saturday, Oct. 27, at 4025 Allen Lane. This event is for children ages 2 to 11.  For more information, please call 633-2550.Aliante Library's Halloween Carnival will be from 6:30 p.m. to 8:30 p.m. on Wednesday, Oct. 31. The event, at 24... 10/21/2007

Home sales activity in Sun City Aliante, a community in North Las Vegas, NV continued a precipitous decline in the third quarter of 2007. Just seven homes closed in the 3rd quarter, half of the 14 units from the 2nd and only a quarter of the 28 homes in the 1st quarter. On a positive note, 49 homes have sold so far in 2007, compared to 41 for the first nine months of 2006. Existing resale inventory fell slightly from 50 homes (plus 4 with accepted offers) to 47 homes (plus 7 with accepted offers). Just under 25% are either short sales or foreclosures, indicating these are difficult times for sellers. Buyers can find some great bargains in this market, but should be prepared to hold for a minimum of 3-5 years. Sun City Aliante is an age-restricted community; homes must have one occupant ... 10/12/2007

Sales activity in Rancho Alta Mira, a community in North Las Vegas, NV dropped more than 50% in the third quarter of 2007. Eight homes closed in the 3rd quarter, compared to 17 in the second quarter and 11 in the first. Existing resale inventory reduced from 45 homes to 35, (plus 4 with accepted offers), indicating some sellers may have decided to wait until the market improves. Buyers have a distinct advantage right now with a one-year supply of inventory to choose from. Homes in Rancho Alta Mira generally have larger lots (6-10,000 sq ft) and more mature landscaping than newer homes. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 5113 Crimson Ridge 3089 4/3 $389,900 $357,500 73 07/16/07 4709 Sun Glory 2567 5/3 $339,900 $3... 10/12/2007

Home sales in Highland Hills, a community in North Las Vegas, NV fell sharply in the third quarter of 2007. Only four homes closed in the 3nd quarter, compared with eleven in each of the first two quarters. Existing resale inventory stayed high at 31 homes (plus 3 with accepted offers) which translates to a nearly two-year supply at the current pace. In order to get showings and offers, it is vitally important for sellers to price aggressively and give their home maximum marketing exposure. Homes in Highland Hills offer good value per square foot relative to the Las Vegas valley. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 4125 Catalan Sails 1946 4/3 $294,950 $284,250 59 07/06/07 6051 Black Gold 1946 4/3 $273,500 $265,25... 10/12/2007

One reason North Las Vegas is the third-fastest growing large city in America is new home developments like Sierra Ranch. Consisting of seven villages, (five built by KB Home and two by Lennar), Sierra Ranch is just minutes from I-15, the 215 Beltway, Nellis Air Force Base, and Aliante. Orchard Hill, one of five KB Home villages at Sierra Ranch, offers five different two-story floor plans: Champlain  -  1,612 square feet; 3 bedrooms; 2.5 baths; optional dual master bedrooms or loft instead of bedroom 3. Concord  -  1,867 square feet; 3 bedrooms plus den; 2.5 baths; optional 4th bedroom instead of den; optional bonus room over garage. Catawba  -  1,991 square feet; 3 bedrooms plus loft; 2.5 baths;optional 4th bedroom instead of loft. Niagara  -  2,103 square feet; 3 bedrooms plus loft; 2... 10/05/2007

Listed below are the current inventory and September, 2007 statistics for home sales in the North Las Vegas, Nevada real estate market: Total Homes Available: 4,954  (as of October 4) Single-Family:  4,679  (19.4 month supply*) Condo:  153  (18.3 month supply) Townhouse:  122  (25.4 month supply) September, 2007 Sales: Single-Family:  183  (Price range: $125,000 - $750,000) Condo:  4  (Price range: $91,000 - $187,000) Townhouse:  3  (Price range: $210,000 - $249,990)     Apr May Jun Jul Aug Sep Single Family 246 270 279 255 243 183 Condominium 10 7 10 16 8 4 Townhouse 5 9 7 8 5 3 Median Selling Price: Single-Family:  $260,000 Condo:  $167,500 Townhouse:  $230,000     Apr May Jun Jul Aug Sep Single Family $296,625 $274,495 $286,000 $275,000 $270,000 $260,000 Condominium $202,500 $199,000... 10/04/2007

 I have a friend who's representing someone who's selling their multi-family home in N. Las Vegas. Please contact me if you're interested. Here are some more details.Plex in N. Las Vegas Multi-Family for Sale Subtypes: General, Low-Rise/Garden Location Property Location State or Province: NV Country: USA Municipality/City: North Las Vegas Postal Code: 89030 Nearest MSA: Las Vegas-Paradise County: Clark General Information Listing Name: 6-Plex in N. Las Vegas Sign Visible: Yes Property Subtype/Proposed Use Multifamily Type: General, Low-Rise/Garden Essential Information Property Status: Existing Sale Price: $619,900 Sale Terms: Cash to Seller Property Overview: Great location, very clean. Please do not disturb the tenants. Make offer subject to inspections. Seller very motivated will ent... 09/24/2007

Sun City Aliante being developed by Del Webb/Pulte (known for their retirement lifestyle communities) and is the largest neighborhood of the Aliante master planned community in North Las Vegas. As a active adult community aimed at residents that want the amenities that keeps one busy meeting new friends joining clubs and keeping fit, Sun City Aliante is the place that many over 55 years of age are calling home. With the atmosphere that a master planned community offers all Aliante residents enjoyaccess to the Aliante golf course, parks, shopping and with a new casino being built by Station Casino at the corner of Aliante Parkway and Elkhorn many entertainment options will open up to local residents. In addition, Sun City Aliante has a state of the art community center with a fitness cen... 09/10/2007

Listed below are the current inventory and August, 2007 statistics for home sales in the North Las Vegas, Nevada real estate market:Total Homes Available:4,986  (as of September 10) Single-Family:  4,713  (19.4 month supply*) Condo:  146  (18.3 month supply) Townhouse:  127  (25.4 month supply)August, 2007 Sales:Single-Family:  243  (Price range: $135,000 - $1,242,000) Condo:  8  (Price range: $90,000 - $220,390) Townhouse:  5  (Price range: $187,000 - $253,500)  JanFebMarAprMayJunJulAugSingle Family280261312246270279255243Condominium811610710168Townhouse591459785Median Selling Price:Single-Family:  $270,000 Condo:  $182,000 Townhouse:  $232,000  JanFebMarAprMayJunJulAugSingle Family$296,625$290,000$285,000$278,190$274,495$286,000$275,000$270,000Condominium$192,500$184,000$198,900$202,5... 09/10/2007

Listed below are the July, 2007 statistics for home sales in the North Las Vegas, Nevada real estate market:Total July, 2007 Sales:  Single-Family:  255  (Price range: $89,000 - $815,000) Condo:  16  (Price range: $91,000 - $246,889) Townhouse:  8  (Price range: $189,000 - $232,000)Median Selling Price:Single-Family:  $275,000 Condo:  $196,500 Townhouse:  $198,000Average Days on Market:Single-Family:  75 Condo:  74 Townhouse:  69GLVAR deems information reliable but not guaranteed. Information is for MLS areas 101-103.If you have any questions or need more information about real estate in  North Las Vegas, Nevada call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!See also:     North Las Vegas real estate - June, 2007 market statistics ... 09/08/2007

September is always one of the best months for outdoor events in the Las Vegas valley. Temperatures cool off into the 80's and 90's, sometimes with a slight breeze, under clear blue skies. Residents of Aliante and North Las Vegas have two big events to look forward to: 5th Annual Ice Cream Sunday and Pet Adoption   Sunday, September 9   Nature Discovery Park   11 AM - 3 PMBring all of your two and four-legged friends to Nature Discovery Park for an afternoon of fun! There will be FREE Meadow Gold ice cream, an ice cream Olympics, bounce house and face painting for the kids, a live DJ, and a live remote from Sunny 106.5, The Lied Animal Shelter will have loving and adorable animals for adoption. For more details, call (866) 874-6394 or visit www.AlianteHomes.com.    BalloonaPalooza - Hot... 09/01/2007

Home sales activity in Sun City Aliante, a community in North Las Vegas, NV slumped in the second quarter of 2007. Fourteen homes closed in the 2nd quarter, just half of the 28 units that sold in the first quarter.Existing resale inventory increased from 42 homes (plus 12 with accepted offers) to 50 homes (plus 4 with accepted offers). Sellers who purchased during the market highs of 2004 and 2005 are finding it difficult to get those same levels today. Sun City Aliante is an age-restricted community; homes must have one occupant who is at least 55, and no residents under age 19 may permanetly live there.Here are the details of the second quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date7633 Island Rail19203/2$399,000$365,00011404/05/077610 Fieldfare15702/2$282,900$... 07/22/2007

Sales activity in Rancho Alta Mira, a community in North Las Vegas, NV showed slight growth in the second quarter of 2007. Seventeen homes closed in the 2nd quarter, compared to 11 in the first quarter.Existing resale inventory moved from 40 homes (plus 10 with accepted offers) to 45 homes (plus 1 with an accepted offer), so the market still heavily favors buyers. Prices have adjusted down about 10% from 2006 levels, and total homes sold in the first half of the year are down 50%. Homes in Rancho Alta Mira generally have larger lots (6-10,000 sq ft) and more mature landscaping than newer homes.Here are the details of the second quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date4604 Red Cider18593/2$389,999$373,4503805/24/075501 Via Rosa15703/2$319,999$320,0006306/14/... 07/22/2007

Home sales in Highland Hills, a community in North Las Vegas, NV kept a steady pace in the second quarter of 2007. Eleven homes closed in the 2nd quarter, matching the results from the first quarter.Existing resale inventory of 33 homes (plus 2 with accepted offers) represents about a 25% increase and further establishes this as a buyers market. With so much competition, sellers need to price aggressively and be sure that their home is in top showing condition. Homes in Highland Hills offer good value per square foot relative to the Las Vegas valley.Here are the details of the second quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date6032 Harvest Dance28795/3$392,000$388,5004106/06/073873 China Cloud28795/3$354,990$330,00017306/14/073930 Caribbean Blue19463/3$284,900$... 07/21/2007

Sun City Aliante Las Vegas sun city aliante - sun city aliante las vegas - active adult aliante  http://www.las-vegas-homes.biz An active adult Aliante lifestyle is located in the plush Sun City Aliante Las Vegas. Situated around the fairways of the Aliante golf course, Sun City Aliante offers a planned resort-style recreation plaza where you can gather with neighbors and entertain friends. Located in the Sun City Aliante Las Vegas is a fitness center, swimming pool, craft and hobby rooms, tennis and bocce courts. Sun City Aliante active adult Aliante allows you to enjoy your new life. Laid back and serene this Aliante master-planned community located near the sheep mountains is breath-taking with high quality and low maintenance homes, the 7 single story Sun City Aliante home designs ... 07/14/2007