This Rhodes Ranch Area resale market report was generated on April 30, 2008 (graph on bottom): Active Listings: 405Under Contract: 201Sold 3/24-4/24/2008: 50 Months Inventory: 8.1Low: $89,900; High: $3,490,000; Median: 235,000(listing prices only) Rental Market Report generated on April 30,
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04/30/2008
Here it comes, the avalanche of lawsuits because owners are claiming that they bought because they were promised one thing and then they delivered another.Here is what I wrote in November 2006:Las Vegas Condotels - Sizzle or Fizzle? Losing Bet on Immediate Cash Flow, Placing Your Wager on a Long
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04/29/2008
Economic Conditions for the Las Vegas Valley March 2008Housing Conditions: Foreclosure/Short Sale Listings (4/29/2008): Total Listings 21,669; Short Sales: 5270, 24% of all listings; Bank Owned Listings: 3859, 17% of all listings. New Home Sales (March 2008, units sold): 869 Year Change -29.3% (e
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04/29/2008
Inventory has dipped and demand is very high in January traditionally. Supply will be an issue throughout spring. Rental Homes with pools are in very large demand. Absorption has decreased tremendously and with the mortgage credit crisis and valley demand for housing, it is not surprising at a
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04/29/2008
This is a primer (not intended legal advice, just my astute market observations as a real estate licensee in the state of Nevada) for anyone who is looking to Purchase or Sell using one of these types of financing. This post was prompted by Jeff Turner's most excellent post in response to a FSBO
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04/29/2008
Summerlin Pool Home w/ Casita!Location: Chelsea Gardens at SummerlinFabulous Summerlin Pool home w/ casita. Tons of built ins, wine fridge, 3 car garage! Get a quick response: Not an REO or short sale, just a motivated seller!For most current pricing, floorplan, more pictures go to: www.ReneeBurr
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04/29/2008
NOT! Tropical Paradise of Omaha, that is! It was a most wonderful trip however aside from the two days of APRIL SNOW!! I went out to meet my new sweet niece, Evelyn Patricia. LOL (my nickname for my brother-in-law) has four brothers, no sisters so he is a bit beside himself with what to do wit
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04/16/2008
ABSORPTION IS DOWN over 4.5 months in less than a month! Current absorption is hovering between 12-13 months of inventory. There has been a dip in average prices in the rental market. I think the renters are turning into buyers and when we should be seeing a seasonal rise in rentals, we saw a
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04/16/2008
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen slightly (+161 units), Pendings have fallen slightly -77 units. Closing data is unavailable due to MLS changes (SORRY!) ALSO~ since these numbers were pulled (13 days ago) inventory has risen
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04/16/2008
The absorption rate for Las Vegas Short Sales has dropped by 1 year from February - March 2008. Inventory has risen dramatically (+402 units). Pending units has also risen dramatically by +348 units. This is because the MLS board is REQUIRING agents to change status with an offer and make it c
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04/16/2008
