North Las Vegas, NV Real Estate News

By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
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: June 2011:  2485 May 2011: 2376 April 2011: 2342 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 Average Monthly Rental Rates: June 2011:  $1765 May 2011: $1257 April 2011: $1207 March 2011: $1497 February 2011: $1501 January 2011: $1449 December 2010: $15...
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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 - July 2011 The North Las Vegas real estate market saw a decline in single-family sales in July. A total of 677 homes were sold compared to 781 in June. Year-over-year sales are up 1.2% from the 669 North Las Vegas homes sold in July 2010. The mix of available North Las Vegas homes for sale is 53.1% short sales, 24.1% bank owned, and 22.8% regular sales.   The median selling price for single-family homes in North Las Vegas stayed even at $112,000. This is down $3,000 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 Nicole Needham, SFR (530) 302-5478
(Needham Realty)
 Another Sucessfull short sale closed in N. Las Vegas, BofA First and Saxon second. This was a challange. When the buyer first contacted me the property was scheduled to be auctioned off on the court house steps in just a couple of days. With a first and second with different companies and the scheduled sale date i informed the seller that this would be challenge, but we would begin to attack the problem. The homeowner was in denial and did not know what to do. But after some assurance, they knew they were in good hands. i rolled up my sleeves and went to work. First, i had to get the sale date postponed. What they didn't tell me was that they had already had a previous sale date that was previously postponed. The first was with B of A and the second was with Saxon. Surprisingly enough,...
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By Nicole Needham, SFR (530) 302-5478
(Needham Realty)
Another Las Vegas short sale in contract !!! This HAFA approved short sale just went into contract. This Three bedroom two bath home on a cul de sac was an incredible bargain. Priced below cost to reproduce it. Now is the time to purchase Las Vegas real estate. For more information on Las Vegas short sales go to www.shortsell4free.com  We are getting are short sales approved and closed. Let my extensive Mortgage and real estate background work for you. Call today 702-768-1097
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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  73 Las Vegas Foreclosures (bank owned ) homes for sale in this Las Vegas zip code 89149  which is up in the Northwest part of Las Vegas, Centennial Hills area per the local MLS. This is for homes without contracts on them. Las Vegas Foreclosures pendings and homes with contracts on them in this zip code are at ....  62 There are  642 total homes for sale in the Las Vegas zip code 89149 which includes foreclosures and short sales 318 of them are just waiting for an offer! There have been  87 homes Sold in the past 30 days. Median Sales Price  for the past 30 days...$120,000 Average Sales Price for the past 30 days ...$159,881 Now, this does not cover condos or townhouses, this is just for homes.   This search below is for all the available Centennial Hills area, Summerl...
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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  372 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 445   This search below is for all the available Summerlin, 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 SALE| Tips for Success| Sellers Contact Me     If wou...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
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 (7/15/2011): 13734 Under Contract (7/15/2011): 13502 Sold June 2011: 4395 Short Sales: 45% of Listings 25% of Sales REO (Foreclosures, Bank Owned:) 25% of Listings 50% of Sales In One Month: Listings are DOWN -192 units, Contracted Listings DOWN -154 units, Sales are UP +554 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 BUYERS...
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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 - June 2011 The North Las Vegas real estate market experienced a strong increase in single-family sales in June. A total of 781 homes were sold in May compared to 693 in May. Year-over-year sales are up 1.7% from the 768 North Las Vegas homes sold in June 2010. The mix of available North Las Vegas homes for sale is 52.4% short sales, 24.4% bank owned, and 23.2% regular sales.   The median selling price for single-family homes in North Las Vegas fell by $3,000 to $112,000. This is the first movement in price in 2011 after five consecutive months at $115,000. 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 Dawn Barrier in Las Vegas at HOMESMART ENCORE, Homes in Las Vegas Nevada 702-812-4550
(HomeSmart Encore - Las Vegas)
Awesome North Las Vegas Short Sale with a Pool  $94,900 Great opportunity to own a Las Vegas home Completely New Kitchen and appliances, Vaulted Ceilings.     North Las Vegas 1 Story Home for Sale*North Las Vegas Pool Home*North Las Vegas Home with a Pool *4 Bedrooms     Las Vegas Short Sale Agent Realtor® Dawn Barrier*Short Sale Help*Las Vegas Summerlin Short Sale Agent, North Las Vegas, NV short sale agent More about me... Dawn Barrier @ Century 21 Realtor® Las Vegas Real Estate If would like to sell or purchase a Las Vegas home , North Las Vegas home or a Henderson home give me a call (702) 812-4550. Dawn Barrier SHORT SALE SPECIALIST,CSP® Las Vegas Short Sale Realtor® Free Short Sale Help    Las Vegas Short Sale Agent Realtor® Dawn Barrier*Short Sale Help*Las Vegas Summerlin Short S...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
The absorption rate for Las Vegas Valley Area Short Sales has swung from a buyer's market back to a stable market.  Inventory has DECREASED by -198 units.  Under Contract has DECREASED by -38 units.    Sold units have INCREASED by +52 units. There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 7/15/2011:  6203 Pending 7/15/2011: 8291 Closed June 2011: 968 Short Sales Currently Account for: 45% of All Las Vegas Valley Listings 22% 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 Estate M...
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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 (7/15/2011):  44 Under Contract (7/15/2011):  25 Sold June 2011:  3 Sun City Aliante is currently enjoying a stable market. Since Last Month:   Aliante Sun City, North Las Vegas Listings DOWN -10, Contracted Homes UP +6, Sales DOWN -8 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated Daily) Mor...
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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)
North Las Vegas Single Family Resale Homes Inventory Level is at  1,534 per our local MLS. This is for homes without contracts on them. Our pendings and homes with contracts on them are at ....  1,350 NORTH LAS VEGAS HOMES ON MARKET REPORT-North Las Vegas Real Estate Report-Available Homes Inventory on MLS in North Las Vegas- July 2011 Stats are on Resale Single Family homes only per the GLVAR MLS as of this writing, covers the Las Vegas Valley, North Las Vegas, Henderson area. Selling or Buying Call Me.(702) 812-4550..Las Vegas Short Sale Agent Realtor® Dawn Barrier*Short Sale Help*Las Vegas Las Vegas Short Sale Agent Realtor® Dawn Barrier*Short Sale Help*Las Vegas Summerlin Short Sale Agent, North Las Vegas, NV short sale agent More about me... Dawn Barrier @ Century 21 Realtor® Las V...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
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...
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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)
Do you want to learn How to Avoid Foreclosure?    You may have several options. Doing a North Las Vegas Short Sale maybe the answer for you.  Banks are still doing foreclosures and not all foreclosures can be prevented, but if you call us soon enough, we maybe able to help you prevent foreclosure by doing a Short Sale. If you are behind on your mortgage payment and know you will have to move, then give me a call before you just walk away, don't delay, CALL TODAY  (702) 812-4550 Give us a call to go over your situation and also you may want to consult an attorney/tax adviser as well. We do Bank of America Short Sales, Wells Fargo Short Sales, GMAC Short Sales, US Bank Short Sales, Citi Bank Short Sales, Indy Mac Short Sales, and many more!                                          SHORT S...
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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 May 2011 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500: 70% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000: 19% 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 co...
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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)
    Another Las Vegas Short Sale Sold~Centennial Hills Short Sale Sold~Short Sale YouTube Video The lenders short sale letter stated the lender waived all rights to pursue further judgment or deficiency. This was a Las Vegas Single Story home, Las Vegas Nevada Short Sale,Centennial Hills Short Sale....www.VegasDawn.com Previously posted at:  ~Another Short Sale SOLD! Another Las Vegas Short Sale Sold! You Tube Video►►► A las vegas short sale agent gets short sale approval with no deficiency judgement
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
**Summer is here, where are we headed?** 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 ...
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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 (6/15/2011):  54 Under Contract (6/15/2011):  19 Sold May 2011:  11 Sun City Aliante is currently enjoying a stable market. Since Last Month:   Aliante Sun City, North Las Vegas Listings UP +1, Contracted Homes DOWN -5, Sales UP +2 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated Daily) More I...
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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  644  homes for sale in the Las Vegas zip code 89149 which is up in the Northwest part of Las Vegas, Centennial Hills area 309 of them have contracts on them 335 of them are just waiting for an offer! Home sales are up a bit in this area over the last report  There have been 97 Sold in the past 30 days. Median Sales Price  for the past 30 days...$124,000 Average Sales Price for the past 30 days ...$165,548 Now, this does not cover condos or townhouses, this is just for homes.       Stats are on Resale Single Family homes only per the GLVAR MLS as of this writing, covers the Las Vegas Valley, North Las Vegas, Henderson area or zip code/area noted.   This search button below is for all the available North Las Vegas, Las Vegas Henderson, Green Valley, Summerlin area Homes for sal...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas Area June 15, 2011 Active Listings by Type REO:  3365 (24%) Short Sale:  6401 (46%) All Other:  4160 (30%)   May 2011 Sales by Type: REO:  1784 (46%) Short Sale:  916 (24%) Other:  1141 (30%) 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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