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 are responsible for 55.7% of the inventory, while bank owned properties (REOs) equal 15.0%. 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.) 03/15/2010

The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year!  Absorption for December 2009 is a seller's market with very little inventory.  Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm! We are FINALLY seeing a stabilization of inventory and a decrease with escrows (we should have seen that late spring/early summer!)  Good news for buyers?  Still remains to be seen.  We need to get over 10000 active units on the market before it can be stabilized from a seller's market  Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (3/15/2010):  9979 Under Contract (3/15/2010):  14930 Sold Februar... 03/15/2010

Although I have heard about a very few loan modifications that did get writedowns, it was very small in terms of the homes true market price. I doubt that the banks will do write downs to current market value. As it is they currently are telling owners to try to do a short sale. So, short sales will most likely be the out for many of these underwater borrowers. If you need to do Las Vegas Short Sale... LasVegasShortSales Blog Disclaimer-This is a personal blog. All information is provided for informational purposes only and is Not legal advice, consult an attorney or financial expert for legal advice. 03/09/2010

North Las Vegas Home Sales: Financing by Price Range Out of 574 single-family homes sold in North Las Vegas in January, 191 (33.3%) were cash sales. At prices below $100,000 cash accounted for 65.1% of sales, accenting the intense 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 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.) 03/07/2010

North Las Vegas Real Estate Report The North Las Vegas real estate market continues to improve in 2010. Year-over-year sales were up 8.3% with 575 North Las Vegas homes sold in February, compared to 531 in the same month for 2009. If we can continue this and match the growth of 2009, that will put us on track for nearly 5,000 home sales in the first six months of 2010.   The median selling price for single-family homes in North Las Vegas is down 16.7% from February 2009 to February 2010. However, since June we've seen the median price remain flat within a range of $125,000 to $130,000.  GLVAR deems information reliable but not guaranteed. Information is for MLS areas 101-103. Previous North Las Vegas real estate reports:     North Las Vegas Real Estate Report - January, 2010     North L... 03/05/2010

Not only can a green pool be an "aesthetic" issue but it can cause health issues.  Stagnant water sources promote mosquito breeding grounds and disease. If you live close to one of these "green pools" there are steps you can take where the green pool can be treated! Contact the Southern Nevada Health District to report the green pool at:  702-759-1633 or fill in this form on this website. Clark County will chemically treat the pool or use "mosquito fish" in the pool to help prevent the stagnating water source from becoming a mosquito breeding ground. This problem has become better since several years ago but is still a problem, nonetheless! 03/03/2010

Selling Prices for North Las Vegas Homes Homes in North Las Vegas saw average selling prices rise 1.41% in the first month of 2010. The median selling price increased 2.40%. For 2009 the average selling price for North Las Vegas homes was down 17.03%, while the median selling price fell 19.35%. 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.) 03/01/2010

I wear blue jeans and casual shoes that are made of cloth and can go in the washer.  To some people, they may think I lack professionalism but if they could encounter what I encounter, as we never know what treasure we will find when we open a door, it will all be forgiven.  Walk a mile in my shoes and learn what to wear (and what you will may encounter) while shopping what is termed "Distressed Property" (REO, Foreclosures, Short Sales.) From tip toe-ing through pigeon turds & cockroach carcasses and breathing in mold in between (let's not forget elements too) here is a guide on what to wear when searching for an REO or short sale: Don't bring children if you don't have to!  It would mortify me if brown bear or blannie touched the floor in some of these homes - and I am not the best h... 02/27/2010

North Las Vegas Real Estate Market Breakdown In last week'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 2.9 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/January Sales = Absorption Rate). There are only 3-4 weeks of REO inventory, and over 7 1/2... 02/25/2010

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 (2/15/2010):  47 Under Contract (2/15/2010):  33 Sold January 2010:  5 Absorption Rate: 9.4 Months of Inventory Sun City Aliante is currently enjoying a buyer's market. Since Last Month's Report:  Aliante Sun City, North Las Vegas Listings UP +1, Contracted Homes UP +3, Sales NO CHANGE Renee Burrows carries the SRES (Senior Real Estate Specialist)... 02/19/2010

North Las Vegas Real Estate Trends In 2009 there were a total of 9,207 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, 1839 square foot home with a selling price of $129,900. The median selling price for a single-family home fell by 19.4% during the year, from $155,000 to $125,000. For January 2010, 609 homes sold in North Las Vegas with a median price of $125,000. Of those, 574 were single-family homes with a median price of $128,000. Here's a quick look at price, volume and financing trends in the North Las Vegas real estate market. To find out more about buying or selling real estate in North Las Vegas, just give me a call at... 02/16/2010

North Las Vegas Real Estate Report The North Las Vegas real estate market is off to a strong start in 2010. Year-over-year sales were up 18.5% with 609 North Las Vegas homes sold in January, compared to 514 in the same month for 2009. If we can continue this and match the growth of 2009, that will put us on track for nearly 5,000 home sales in the first six months of 2010.   The median selling price for single-family homes in North Las Vegas is down 17.4% from January 2009 to January 2010. However, since June we've seen the median price remain flat within a range of $125,000 to $130,000.  GLVAR deems information reliable but not guaranteed. Information is for MLS areas 101-103. Previous North Las Vegas real estate reports:     North Las Vegas Real Estate - December, 2009 Market Statisti... 02/14/2010

I didn't think so!  If you had cancer, would you allow the same friend to operate on you? Uh, probably not.  People need friends to listen to them in times of peril.  They need guidance but not necessarily advice. I became a little disgruntled about some advise that we need to sue the filthy banks for all the evil they do yesterday here. I am not a lawyer, nor do I play one on AR! Do you understand what the consequences of words and advice can mean, no matter how well intentioned it is?  Many people listened to their friends' advice in my dear city and ended up losing their homes when they had not intended to lose their homes in the first place.  They just wanted to play the "default game" like their friend did to get a lower rate or better deal.  They didn't consult with a lawyer until... 02/12/2010

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 are responsible for 55.0% of the inventory, while bank owned properties (REOs) equal 17.2%. 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.) 02/08/2010

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 (1/15/2010):  46 Under Contract (1/15/2010):  30 Sold December 2009:  5 Absorption Rate: 9 Months of Inventory Sun City Aliante is currently enjoying a buyer's market. Since Last Month's Report:  Aliante Sun City, North Las Vegas Listings DOWN -1, Contracted Homes UP +2, Sales DOWN -4 Renee Burrows carries the SRES (Senior Real Estate Specialist) ... 02/07/2010

Out of 772 single-family homes sold in North Las Vegas in December, 199 (25.8%) were cash sales. At prices below $100,000 cash accounted for 46.4% of sales, accenting the intense 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 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.) 02/04/2010

Selling Prices for North Las Vegas Homes Homes in North Las Vegas saw average selling prices fall 2.37% from November to December. The median selling price decreased 3.85%. For 2009 the average selling price for North Las Vegas homes was down 17.03%, while the median selling price fell 19.35%. 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.) 01/31/2010

In last week'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 2.2 months of North Las Vegas real estate inventory. When we look 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/December Sales = Absorption Rate). There are only 2-3 weeks of REO inventory, and almost seven months of short sales. Distressed properties... 01/29/2010

Las Vegas Area January 15, 2010 Active Listings by Type REO:  2137 (21%) Short Sale:  4735 (45%) All Other:  3552 (34%) December 2009 Sales by Type: REO:  2548 (62%) Short Sale:  794 (19%) Other:  793 (19%) 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 (scroll to bottom) 01/23/2010

In 2009 there were a total of 9,207 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, 1839 square foot home with a selling price of $129,900. The median selling price for a single-family home fell by 19.4% during the year, from $155,000 to $125,000. Here's a quick look at price, volume and financing trends in the North Las Vegas real estate market. 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.) 01/18/2010