North Las Vegas, NV Real Estate News

By Bill Ness, 55Places.com, Active Adult Community Guide
(55Places.com)
Tucked away from the hustle and bustle of Las Vegas is the gated, active adult community known as Ardiente by Shea Homes.  This intimate sized 55+ community of just 788 homes features beautiful architectural details, attractively priced homes and a wonderful collection of amenities, all in an ideal North Las Vegas location. Ardiente originally opened in 2005 by Centex Homes before being purchased by Shea Homes in 2010. Interested home buyers can choose from resale homes or new the new, energy efficient, Shea Homes floor plans.  The original Centex Homes were available in eight, single story floor plans sized from 1,235 to 2,352 square feet. The largest of which also offered an optional second story loft bringing the overall size up to 2,832 square feet.  The Shea homes are available in ...
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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 August 2011 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500: 69% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000: 20% Over $4001: 11% 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 Most Current Concession Stand What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average...
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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 - September 29, 2011 Here's a summary of the single-family homes for sale in North Las Vegas. Short sales make up 56.0% of the inventory (up from 54.9% last month), while bank owned properties (REOs) equal 20.8% (down from 23.1%). This is the highest percentage of distressed properties in the Las Vegas valley.   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 John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
North Las Vegas Home Sales: Financing by Price Range - August 2011 Out of 733 single-family homes sold in North Las Vegas in August, 274 (37.4%) were cash sales. At prices below $100,000 cash accounted for 55.1% of sales, as investors continue to recognize great values and a strong rental market. FHA and Conventional loans are popular choices for homes over $100,000. The higher rate of VA financing relative to other areas of the valley is a result of 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)
Las Vegas Area September 15, 2011 Active Listings by Type REO: 3060 (23%) Short Sale: 6021 (46%) All Other: 3992 (31%)   August 2011 Sales by Type: REO: 2399 (53%) Short Sale: 1014 (22%) Other: 1150 (25%) This is just a guide for consumers to see what types of properties are closing vs what is listed. Currently we have the most closes in the REO sector and the least inventory in the REO sector and it is an extreme seller's market. Click here to see last month's Listing and Sales Type Report Click here to view the most recent stats What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?) It means that I cover the cities of Las Vegas, Henderson...
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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)
Go out for a few drinks for free and be home in seconds!   This Could be a great marketing plan for this struggling home seller.  (go to the bottom to see the link to the article) A huge price reduction may also be the key to getting an offer on the home. Cross promoting restraunts, bars and neighborhood hangouts that are within walking distance to a home can be a plus for a home seller, provided the home is “really” in a “desired” area and the home has great features or possible potential. Due to the way the economy is, now more than ever, many prospective home buyers now want to be close to near public transit, shopping, hospitals and schools. With sites like WalkScore.com , Realtor.com, Zillow.com, Google, Trulia many potential home buyers will check out what is in the area near the ...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
**Sales UP UP UP in August!!!** We are still squeezed for inventory. Multiple offers on well priced homes are widespread. Everyone from first time buyers to investors are taking advantage of "opportunity". Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post. Las Vegas Area Real Estate Market Watch was created for informational purposes only. This is for all the buyers wondering "where is the inventory"? The inventory is here, this graph shows that buyer interest is extremely high and gobbling up all that new inventory coming online! This is also for people saying "shadow inventory exists"! Well I believe it exists but it also exists in Las Vegas short sales which has tripled to quadrupled it's formerly stagnant close ratio since late spr...
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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 (9/15/2011): 45 Under Contract (9/15/2011): 19 Sold August 2011: 15 Sun City Aliante is currently enjoying a stable to seller's market. Since Last Month: Aliante Sun City, North Las Vegas Listings NO CHANGE, Contracted Homes DOWN -5, Sales UP +7 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated Dai...
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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 - August 2011 The North Las Vegas real estate market saw sales numbers rebound nicely in August. A total of 779 homes were sold compared to 677 in July. Year-over-year sales are up 18.4% from the 658 North Las Vegas homes sold in August 2010. The mix of available North Las Vegas homes for sale is 55.2% short sales, 21.8% bank owned, and 23.0% regular sales.   The median selling price for single-family homes in North Las Vegas dropped by $2,000 t0 $110,000. This is down $5,000 from the beginning of the year. GLVAR deems information reliable but not guaranteed. Information is for MLS areas 101-103. More about North Las Vegas:North Las Vegas, Nevada - DemographicsNorth Las Vegas, Nevada - Fast Facts
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By Lori Ballen, Digital Marketing Strategist
(Keller Williams Las Vegas)
702-604-7739 - Find homes for Sale in Nevada at http://www.BallenGroupHomes.com   POOL HOMES FOR SALE IN NORTH LAS VEGAS       North Las Vegas Homes for Sale Welcome to the North Las Vegas homes and real estate portal: your single stop for finding a home in North Las Vegas. Here you can search every available home for sale in North Las Vegas. As of today there are many homes and properties for sale that are available to search. The number of homes changes daily, so be sure to keep coming back right here, to the best site for North Las Vegas homes for sale.
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
  Foreclosure/Short Sale Listings (8/15/2011): Total Listings 13397; Short Sales: 6129, 46% of all listings; Bank Owned Listings: 3285, 24% of all listings. Short sale and REO listings consume 70% of total listings New Home Sales (July 2011, units sold): 297 Year Change -8.0% (excl condo conversions, highrises) New Home Sales (July 2011, median price): $193,293 Year Change -0.9% (excl condo conversions, highrises) Existing Home Sales (July 2011, units sold): 3928 Year Change +6.8% Existing Home Sales (July 2011, median price): $109,900 Year Change: -10.9% New Home Permits (July 2011): 287 Year Change -22.6% Rental Rate (MLS Monthly Average July 2011): $1434/month My analysis: Distressed listings (foreclosures and short sales) are 70% of total listings. Units of homes sold is impressive...
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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 - July 2011 Homes in North Las Vegas saw average selling prices move down slightly (- $756) in July on a decrease in units sold of 14.29%. The median selling price edged up $1,000 to $112,000, a little down from $115,000 at the beginning of the year. The number of North Las Vegas homes sold is up 2.61% year over year, with 630 homes sold in July 2011 compared to 614 sales in 2010.   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 Report - REOs, Short Sales and Regular Sales - July 2011 In my previous post about 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 3.7 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/July Sales = Absorption Rate). There are ...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
North Las Vegas Real Estate Trends - July 2011 For July 2011, there were 677 home sales in North Las Vegas with a median price of $107,000. Of those, 630 were single-family homes with a median price of $112,000. This is slightly above last year's pace of 614 sales, but prices have fallen by 13.8% from $129,900. Here's a quick look at price, volume and financing trends in the North Las Vegas real estate market.   In 2010 there were a total of 7,839 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, 1814 square foot home with a selling price of $123,900. The median selling price for a single-family home fell by 4.7% during the year, ...
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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 - August 28, 2011 Here's a summary of the single-family homes for sale in North Las Vegas. Short sales make up 54.9% of the inventory, while bank owned properties (REOs) equal 23.1%. This is the highest percentage of distressed properties in the Las Vegas valley.   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)
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 (8/15/2011): 45 Under Contract (8/15/2011): 24 Sold July 2011: 8 Sun City Aliante is currently enjoying a stable market. Since Last Month: Aliante Sun City, North Las Vegas Listings UP +1, Contracted Homes DOWN -1, Sales UP +5 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated Daily) More Informatio...
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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 - July 2011 Out of 630 single-family homes sold in North Las Vegas in July, 248 (39.4%) were cash sales. At prices below $100,000 cash accounted for 63.1% of sales, highlighting the extreme competition that first-time homebuyers face from investors. FHA and Conventional loans are popular choices for homes over $100,000. 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 Dawn Barrier in Las Vegas at HOMESMART ENCORE, Homes in Las Vegas Nevada 702-812-4550
(HomeSmart Encore - Las Vegas)
There are approx  400 North Las Vegas Foreclosures (bank owned ) homes for sale in the Las Vegas area per the local MLS. This is for homes without contracts on them. Our pendings and homes with contracts on them are at 446   This search below is for all the available Summerlin, Rhodes Ranch, Southwest Las Vegas, Mountains Edge, Green Valley, North Las Vegas, Las Vegas and Henderson area Homes for sale on the MLS. You can search Homes by zip code too! Just put in your search information and the results will be displayed for you to look thru. Be as specific as you can. Click on the Big Search Button Below.   If you are ready to buy a home Now and ready to get pre-approved Call Me (702) 812-4550 lenders are waiting to help you qualify.   Featured Homes| HOME SEARCH| More Listings| SHORT SA...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas Area REO Inventory has FALLEN since last report (-117 units), Under Contracts have RISEN by (+40) units Closing data has FALLEN by (-106) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues. REO sales accounted for 53% of all Las Vegas Area Valley resale closings in July 2011. REO listings account for only 24% of total resale listings. Current Listed Bank Owned Statistics: Listings (8/15/2011): 3285 Under Contract (8/15/2011): 3624 Sold July 2011: 2071 View Last Month's Report Here For Most Current Las Vegas REO Inventory Market Report. What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Cash REMAINS KING in the Las Vegas Area Real Estate Market!!! It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is enjoying! It is important to understand how a seller looks at each financing type: Cash Offers: Generally have less contingencies and quicker close times. A cash offer may be accepted even if it is lower than a financed offer. Conventional Financing: Less strict with lender required repairs but larger down payments and more strict credit guidelines. FHA/VA Financing: Requires more scrutiny with lender required repairs via appraisal. In general these take longer to underwrite and close so a cash or conventional offer looks more enticing to the seller. FHA Req...
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