Las Vegas Area February 15, 2013 Active Listings by Type REO: 538 (13%) Short Sale: 655 (16%) All Other: 2986 (71%)   January 2013 Sales by Type: REO: 356 (13%) Short Sale: 1004(37%) Other: 1355 (50%) 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, No... 03/06/2013

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 (2/15/2013): 19 Under Contract (2/15/2013): 15 Sold January 2013: 10 Sun City Aliante is currently enjoying an EXTREME seller's market. Since Last Month: Aliante Sun City, North Las Vegas Listings are UP +5 units, Contracted Homes DOWN -2 units, Sales are UP +6 units For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For ... 02/27/2013

Las Vegas Area REO Inventory has FALLEN since last report (-5 units), Under Contracts have RISEN by (+45) units Closing data has RISEN by (+2) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues.  AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice! REO sales accounted for 13% of all Las Vegas Area Valley resale closings in January 2013. REO listings account for only 13% of total resale listings. Current Listed Bank Owned Statistics: Listings (2/15/2012): 538 Under Contract (2/15/2012): 742 Sold January 2013: 356 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 Vega... 02/25/2013

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: December 2012:  2289 November 2012:  2690 October 2012:  2913 September 2012:  2626 August 2012:  3409 July 2012:  2912 June 2012:  3007 May 2012:  2880 April 2012:  2590 March 2012:  3031 February 2012:  2835 January 2012:  2471 December 2011:  2114 November 2011:  2290 October 2011:  2399 Average Monthly Rental Rates: December 2012:  $1535 November 2012:  $1240 October 2012:  $1307 September 2012:  $1308... 02/17/2013

Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284. Active listings are up stagnant at the moment but LOW LOW LOW! 2012 will be another interesting year for Las Vegas Real Estate! Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (1/15/2013): 4413 Under Contract (1/15/2013): 12866 Sold December 2012: 3487 Short Sales: 18% of Listings 47% of Sales REO (Foreclosures, Bank Owned:) 12% of Listings 10% of Sales In One Month: Listings are DOWN -258 units, Contracted Listings DOWN -873 units, Sales are UP +314 units. Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times. Last Month's Pending Report For Most Current Las Vegas Real Estate Inventory Market... 02/12/2013

The absorption rate for Las Vegas Valley Area Short Sales is a strong seller's market. Since last month:  Active Listing Inventory has DECREASED by -115 units. Under Contract has DECREASED by -918 units. Sold units have INCREASED by +306 units. There are many reasons for the lack of closings in this market and it is outlined in this post. Short Sale Synopsis: Listings 1/15/2013: 801 Pending 1/15/2013: 9861 Closed December 2012: 1646 Short Sales Currently Account for: 18% of All Las Vegas Valley Listings 47% 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 Esta... 02/07/2013

*Above production is based on results from January 1, 2007 through December 31, 2011 (short sale listing ends only.) The information provided is obtained from public records, it is deemed reliable but not guaranteed.   Visit The Myers Team web site at http://www.NevadaShortSaleInfo.com   Also visit http://www.VegasShortSaleInfo.com 02/06/2013

  N Las Vegas Home for Sale with Pool - EQUITY SALE! Swim by Summer! - $165,000 Bedrooms: 5 Bathrooms: 2 Parking Spaces: 2 Year Built: 1996 Subdivision: Amberwood Lot Size: 6098 Garage Size: 2 School District: CCSD Square Footage: 1960 Agent Name: Renee Burrows Broker: The Force Realty MLS #: 1317160 Price: $165,000 Additional Pricing Information: Equity Sale - not a short sale! 125 Honey Locust   North Las Vegas, NV 89031 View Map View More Photos For More Information & Photos Range/Oven Full Refrigerator Washer/Dryer Dishwasher Sink Disposal Microwave Fenced Yard Swimming Pool 5 BEDROOMS & A POOL! Not a short sale so you can close and be swimming in your own pool by SUMMER! No HOA. Backyard features covered patio & maintenance free synthetic lawn. Pool filter has been replaced recent... 02/03/2013

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 (1/15/2013): 14 Under Contract (1/15/2013): 17 Sold December 2012: 4 Sun City Aliante is currently enjoying an EXTREME seller's market. Since Last Month: Aliante Sun City, North Las Vegas Listings are NO CHANGE, Contracted Homes DOWN -3, Sales are DOWN -7 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (U... 02/03/2013

Here is what buyers received in seller paid concessions on November 2012 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500: 84% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000: 9% Over $4001: 7% 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... 01/16/2013

Market Analysis Report Property Type: Residential Status: Closed Number of Properties: 419   Bedrooms SqFt List Price LP/SqFt Sale Price SP/SqFt [w/cents] SP/LP DOM High 6 4,449 $379,000 $138 $379,000 $138 128% 632 Low 2 1,142 $74,000 $40 $71,500 $40 76.8% 0 Average 4 2,464 $177,108 $73 $174,517 $72 98.78% 77 Median 3 2,212 $164,900 $70 $163,000 $69 100% 41   Search Criteria Property Subtype SFR Status S Community Name ALIANTE Actual Close Date last year    There were a total of 419 properties that sold in the community of Aliante in North Las Vegas. The highest sale price was $379,000 and the lowest sale price was $71,500. The highest days on the market was 632 and the lowest days on the market were 0 with the median days on the market at 41. If you would like to search all Aliante pr... 01/12/2013

The absorption rate for Las Vegas Valley Area Short Sales is a strong seller's market. Since last month:  Active Listing Inventory has DECREASED by -44 units. Under Contract has DECREASED by -734 units. Sold units have DECREASED by -268 units. There are many reasons for the lack of closings in this market and it is outlined in this post. Short Sale Synopsis: Listings 12/15/2012: 916 Pending 12/15/2012: 10779 Closed November 2012: 1340 Short Sales Currently Account for: 20% of All Las Vegas Valley Listings 42% 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 Es... 01/06/2013

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 (12/15/2012): 14 Under Contract (12/15/2012): 20 Sold November 2012: 11 Sun City Aliante is currently enjoying an EXTREME seller's market. Since Last Month: Aliante Sun City, North Las Vegas Listings are UP +4, Contracted Homes DOWN -3, Sales NO CHANGE For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Upda... 01/05/2013

Ardiente North Las Vegas Historical Pricing from LVRE.com There has been no clear trend since Ardiente North Las Vegas real estate sales started on the MLS in 2011, but resale properties have sold as low as $60 per square foot. The average price of homes sold in 2012 is $125 per square foot, with an upwards trend. 34 homes were sold during the period. 12/19/2012

Sun city Aliante Historical Pricing from LVRE.com There is a clear downwards trend in pricing in the 472 Sun City Aliante homes that have sold on the MLS since 2008. The average price of homes sold on the MLS in 2012 is $92 per square foot, with an upwards trend 12/19/2012

**LAS VEGAS AREA RESIDENTIAL RESALE HOME INVENTORY DROPS AGAIN!!!** We are still squeezed for inventory.  New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight.  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 b... 12/19/2012

Ardiente is an active adult community in North Las Vegas with just under 800 homes in a community that includes a clubhouse, resort-style pool and fitness center. One thing I like about this community is that they are willing to put their money where their mouth is and let potential residents stay for two nights in a Shea home for just $158. This includes a VIP tour of the community and a $100 credit to dinner or a show. Guests have unlimited use of the members-only Ardiente Club including pool and fitness club during the stay. And for those that need more than two nights to experience Ardiente, extra nights are available for just $60 each. Please contact agent@lvre.com to take up the offer. Another excellent offer from Ardiente North Las Vegas is the military appreciation discount of u... 12/11/2012

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... 12/09/2012

Las Vegas Area November 15, 2012 Active Listings by Type REO: 482 (10%) Short Sale: 960 (20%) All Other: 3320 (70%)   October 2012 Sales by Type: REO: 437 (12%) Short Sale: 1608 (46%) Other: 1490 (42%) 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, N... 12/08/2012

Las Vegas Area REO Inventory has RISEN since last report (+28 units), Under Contracts have FALLEN by (-58) units Closing data has FALLEN by (-13) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues.  AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice! REO sales accounted for 10% of all Las Vegas Area Valley resale closings in October 2012. REO listings account for only 12% of total resale listings. Current Listed Bank Owned Statistics: Listings (11/15/2012): 482 Under Contract (11/15/2012): 704 Sold October 2012: 437 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... 12/02/2012