Xiao-Qing (Shall-Ching) Lu's (xlu) Blog

Total number of homes available is 9,964. This includes single family homes, condos, and townhomes. With 3,895 homes sold in the month of March, the absorption ratio is 2.56. Meaning it'll take 2.56 months to absorb all available inventory. Anytime the market takes less than 5 months to absorb ex...

As the CEO of my real estate of business I realized how challenging the real estate market has been since I entered as a new agent in 2006. Not only is there a buyer and a seller to work with in a transaction, there are banks, Attorneys, Appraisers, Escrow Officers, CPAs, and people Realtors neve...

New year starts off with new goals. This year I will help 77 families in the sale or purchase of a Las Vegas home. In addition 10% of my earnings will be donated to Heaven Can Wait Animal Sanctuary in support of spaying neuturing ferral (street) cats to keep pet popultion down in Las Vegas. Recre...

The housing market in Las Vegas throughout 2009 has been anything but constant. Every 3 months the market shifts. We went from having over 20,000 homes in inventory in January 2009 to 11,359 homes in December 2009. Short sale homes currently dominate the market with 41% of available homes classif...

Being a Realtor is being in Sales, it's also being in business for ourselves. Over the course of this December month the owner of our market center sent out a message that one of her inspired leaders made a commitment to sent out 100 handwritten Christmas cards to clients and friends. This is a w...

Home prices are going up in Las Vegas. Banks are setting new asking prices. I'll give you one example how the housing market is in Las Vegas. Just Christmas week I set out to view several homes with my clients. The property on 2024 Canyon Point is a property my client really liked. Property was i...

Hello!  YOU and YOUR CLIENTS are invited to a FREE workshop this Saturday 12/19th at 10am. Here is one reason to call your database and stay connected with them. I'm holding a budget workshop once a month to help existing and future clients. Feel free to invite yours. In this workshop we rwill ev...

November month homes sales in Las Vegas is summarized below. 3,535 sold units single family homes; 1,000 more units than September 2005. Medium home price $140,000; a 1% increase from October. Medium condo prices dropped from $70,000 in October to $68,000 in November Medium rental price is $1,125...

During the past week, the number homes listed as contingent remained above 11,000 units. Contingent units are generally classified as properties that have contracts pending but require some action to take place. While traditional contingencies focused on action required by the buyer such as a loa...

November 2009 Statistics are out!Year to date sales volume is now at 34,707 on SFR, the highest annual volume in the past 5 years, even surpassing the 2004 total year volume of 33,529 with December sales yet to be added in. The November 2009 volume is a 42.8% increase over November of 2008.Averag...