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. ... 05/23/2011

Las Vegas Area REO Inventory has RISEN since last report (+255 units), Under Contracts have RISEN by (+102) units  Closing data has FALLEN by (-283) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.   REO sales accounted for 48% of all Las Vegas Area Valley resale closings in April 2011.  REO listings account for only 22% of total resale listings. Current Listed Bank Owned Statistics: Listings (5/15/2011):  3077 Under Contract (5/15/2011): 3265 Sold April 2011:  1816 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, ... 05/19/2011

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.  This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting.  More homes available for rent (higher supply) and less renters (lower demand.)  Units Leased: March 2011:  2307 February 2011:  2253 January 2011:  2002 December 2010:  1889 November 2010:  1887 October 2010:  2119 September 2010:  2171 August 2010:  2300 July 2010:  2106 June 2010:  2214 May 2010:  2049 April 2010:  2210 March 2010:  2269  Average Monthly Rental Rates: March 2011:  $1497 February 2011:  $1501 January 2011:  $1449 December 2010:  $1563 November 2010:  $1184 October 2010:  $1308 ... 05/14/2011

Condos for Sale in Terrasini at Aliante Aliante - North Las Vegas Real Estate Terrasini at Aliante consists of over 350 condos conveniently located at Decatur & 215. Terrasini at Aliante community and property overview: 362 units 1 - 3 bedrooms 1 - 2 bathrooms 1 - 2 car garage Open parking areas 862 SF - 1,465 SF living area Playground, walking trails, volleyball & basketball courts, parks and grassy dog areas Clubhouse & exercise facility Swimming pool and outdoor showers If you do not see a Terrasini condo for sale that fits your needs, contact us to set up a personalized MLS search to assist you to find your new Terrasini condo. Once your search is created, the MLS will generate automatic updates and updates will be sent to you by email. Do you want to sell your Terrasini condo? Clic... 05/11/2011

North Las Vegas Real Estate Report - April 2011 The North Las Vegas real estate market continued to struggle with high levels of distressed inventory in April, with 648 homes sold compared to 734 in March, Year-over-year sales are down 4.7% from the 680 North Las Vegas homes sold in April 2010. The mix of available North Las Vegas homes for sale is 55.2% short sales, 22.8% regular sales and 22.0% bank owned.   The median selling price for single-family homes in North Las Vegas remained at $115,000 for the fourth consecutive month. In 2010 it stayed within the narrow range from $122,000 to $131,250. GLVAR deems information reliable but not guaranteed. Information is for MLS areas 101-103. More about North Las Vegas:            North Las Vegas, Nevada - Demographics     North Las Vegas, N... 05/08/2011

North Las Vegas Home Sales: Average and Median Prices Homes in North Las Vegas saw average selling prices slide by over $2000 in March, but this was countered by a very impressive 37.45 increase in units sold. The median selling price remained even at $115,000. The number of North Las Vegas homes sold is up 7.78% year over year, with 679 homes sold in March 2011 compared to 630 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.) 05/06/2011

North Las Vegas Real Estate Market Report - REOs, Short Sales and Regular Sales In yesterday's look at 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 3.6 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/March Sales = Absorption Rate). There are only six weeks... 05/06/2011

North Las Vegas Real Estate Trends For March 2011, there were 734 home sales in North Las Vegas with a median price of $110,950. Of those, 679 were single-family homes with a median price of $115,000. This is an impressive 37.5% increase in sales from February; pricing stayed even. 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, from $128,000 to $122,000. To ... 05/05/2011

North Las Vegas Homes For Sale: Listings by Price Range Here's a summary of the single-family homes for sale in North Las Vegas. Short sales make up 56.5% of the inventory (the highest concentration of any part of the Las Vegas valley), while bank owned properties (REOs) equal 21.1%. 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.) 05/04/2011

North Las Vegas Home Sales: Financing by Price Range - March 2011 Out of 679 single-family homes sold in North Las Vegas in March, 265 (39.0%) were cash sales. At prices below $100,000 cash accounted for 61.3% of sales, highlighting the major competition that first-time homebuyers face from investors. 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.) 05/03/2011

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 (4/15/2011):  44 Under Contract (4/15/2011):  24 Sold March 2011:  13 Sun City Aliante is currently enjoying a stable market. Since Last Month:   Aliante Sun City, North Las Vegas Listings DOWN -1, Contracted Homes DOWN -1, Sales UP +7 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated Daily) Mo... 05/01/2011

Las Vegas Real Estate Inventory has stabilized after the months of increase following the first time buyer's tax credit expiration.  Against my predictions, we are still a seller's market after flirting with stable market territory for months. . Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (4/15/2011):  14125 Under Contract (4/15/2011):  13051 Sold March 2011:  4159 Short Sales: 50% of Listings 24% of Sales REO (Foreclosures, Bank Owned:) 20% of Listings 51% of Sales In One Month:  Listings are DOWN -318 units, Contracted Listings UP +526 units, Sales are UP +909 units.  Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times.   DOWN PAYMENT ASSISTANCE HAS NOT ENDED FOR FIRST TIME... 04/28/2011

The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has DECREASED by -377 units.  Under Contract has INCREASED by +203 units.    Sold units have INCREASED by +155 units. There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 4/15/2011:  7044 Pending 4/15/2011: 8122 Closed March 2011: 1005 Short Sales Currently Account for: 50% of All Las Vegas Valley Listings 24% of All Las Vegas Valley Sales  Read here for last month's report on Las Vegas Area Short Sales. Most Current Market Report For Short Sales Information About the Short Sale Process for Las Vegas Area Short Sale Buyers & Sellers What Areas Do You Cover for your Las Vegas Area Real Estat... 04/20/2011

Cash is the obvious dominator with overall Las Vegas Area REO Purchases.  Cash not only dominates but CRUSHES financed purchases under $75000.  The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.  Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.) Condo financing is currently a challenge in the Las Vegas Area.  Lenders want to see low investor concentration, low HOA deliquencies and no construction defect or other litigation against HOA or community.  To dete... 04/13/2011

Here is what buyers received in seller paid concessions on December 2010 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:  19% Over $4001:  12% 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 a... 04/09/2011

North Las Vegas Homes for Sale at http://www.ForSaleByBallen.com - 702-604-7739 - Keller Williams Realty Las Vegas   Schedule a Showing/Request Info Free List of Foreclosed Homes For Sale Las Vegas, NV Real Estate Short Sale Homes For Sale What is your home worth? Short Sale Solutions Explained   Lori BALLEN Wekerle Keller Williams Realty 702-604-7739 sold@theballengroup.com   Information valid for the date of this posting only. Please contact us for the most current information and status of this property. 15 PINNACLE HILL CT NORTH LAS VEGAS, NV * * * * SIMPLY SPECTACULAR Scan with your smartphone& take me with you mobile. Description   Features   Photos   Map   Walk Score   Schools $ Click for current price     see more photos >>    Bedrooms : 5 Bathrooms : 2(2full) Sq Footage : 2022... 04/03/2011

Las Vegas Area March 15, 2011 Active Listings by Type REO:  2587 (18%) Short Sale:  7421 (51%) All Other:  4435 (31%)   February 2011 Sales by Type: REO:  1683 (52%) Short Sale:  850 (26%) Other:  717 (22%) 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, Hende... 04/01/2011

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 (3/15/2011):  45 Under Contract (3/15/2011):  25 Sold February 2011:  5 Sun City Aliante is currently enjoying a stable market. Since Last Month:   Aliante Sun City, North Las Vegas Listings UP +2, Contracted Homes UP +3, Sales DOWN -5 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated Daily) Mo... 03/31/2011

North Las Vegas Home Sales: Average and Median Prices Homes in North Las Vegas saw average selling prices slip by just over $1000 in February. The median selling price stayed even at $115,000. The number of North Las Vegas homes sold is down 7.14% year over year, with 494 homes sold in February 2011 compared to 532 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.) 03/27/2011

North Las Vegas Real Estate Market Report - REOs, Short Sales and Regular Sales In yesterday's look at 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 4.9 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/February Sales = Absorption Rate). There are only seven ... 03/27/2011