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 (1/15/2012): 21 Under Contract (1/15/2012): 30 Sold December 2011: 13 Sun City Aliante is currently enjoying a seller's market. Since Last Month: Aliante Sun City, North Las Vegas Listings UP +2, Contracted Homes DOWN -1, Sales UP +4 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated Daily) More Inf... 02/02/2012

Las Vegas Real Estate Inventory is seeing an unusually large amount of units closed for winter. Active listings are down again for the 13th month in a row! 2011 proves to be an interesting year for Las Vegas Real Estate! Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (1/15/2012): 10446 Under Contract (1/15/2012): 12380 Sold December 2011: 4098 Short Sales: 47% of Listings 27% of Sales REO (Foreclosures, Bank Owned:) 20% of Listings 48% of Sales In One Month: Listings are DOWN -793 units, Contracted Listings DOWN -525 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. DOWN PAYMENT ASSISTANCE HAS NOT ENDED FOR FIRST TIME BUYERS, HOWEVER!! Last Mon... 01/26/2012

The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new yeaer approaches. Active Listing Inventory has DECREASED by -337 units. Under Contract has DECREASED by -59 units. Sold units have INCREASED by +78 units. There are many reasons for the lack of closings in this market and it is outlined in this post. Short Sale Synopsis: Listings 1/15/2012: 4935 Pending 1/15/2012: 8383 Closed December 2011: 1099 Short Sales Currently Account for: 47% of All Las Vegas Valley Listings 27% 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 A... 01/20/2012

Market Analysis Report For Mesa Verde Property Type: Residential Status: Closed Number of Properties: 10   Bedrooms SqFt List Price LP/SqFt Sale Price SP/SqFt [w/cents] SP/LP DOM High 4 2,118 $140,000 $81 $143,000 $83 108.6% 108 Low 3 1,160 $68,900 $44 $64,800 $43 90% 0 Average 3 1,697 $94,960 $55 $95,379 $56 100.1% 50 Median 3 1,687 $79,000 $49 $78,750 $50 100.05% 39   Search Criteria Property Subtype SFR , TWH , CON Status S Community Name MESAVERDE  There were a total of 10 properties that sold in the community of Mesa Verde inNorth Las Vegas. The highest sale price was $143,000 and the lowest sale price was $64,800. The highest days on the market was 108 and the lowest days on the market were 0 with the median days on the market at 39. If you would like to search all Mesa Verde pro... 01/14/2012

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 determine... 01/13/2012

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 (12/15/2011): 19 Under Contract (12/15/2011): 31 Sold November 2011: 9 Sun City Aliante is currently enjoying a seller's market. Since Last Month: Aliante Sun City, North Las Vegas Listings DOWN -11, Contracted Homes DOWN -1, Sales NO CHANGE For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated Daily) ... 01/11/2012

Here is what buyers received in seller paid concessions on November 2011 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500: 68% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000: 20% 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 avera... 01/06/2012

Market Analysis Report For Sun City Aliante Property Type: Residential Status: Closed Number of Properties: 57   Bedrooms SqFt List Price LP/SqFt Sale Price SP/SqFt [w/cents] SP/LP DOM High 3 2,104 $249,990 $144 $225,000 $127 109.1% 327 Low 2 1,080 $88,900 $73 $79,800 $56 61.6% 4 Average 2 1,492 $142,232 $95 $136,149 $91 95.81% 75 Median 2 1,570 $137,900 $92 $133,000 $91 96.4% 58   Search Criteria Property Subtype SFR , TWH , CON Status S Community Name SUNCITYALI  There were a total of 57 properties that sold in the community of Sun City Aliante in North Las Vegas. The highest sale price was $225,000 and the lowest sale price was $79,800. The highest days on the market was 327 and the lowest days on the market were 4 with the median days on the market at 58. If you would like to searc... 01/03/2012

**Inventory Continues to Plunge Down in DECEMBER!!!** 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 believe it exis... 01/03/2012

Las Vegas Area December 15, 2011 Active Listings by Type REO: 2279 (20%) Short Sale: 5272 (47%) All Other: 3688 (33%)   November 2011 Sales by Type: REO: 1805 (48%) Short Sale: 1021 (27%) Other: 958 (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... 12/30/2011

  Foreclosure/Short Sale Listings (11/15/2011): Total Listings 12175; Short Sales: 5668, 47% of all listings; Bank Owned Listings: 2581, 21% of all listings. Short sale and REO listings consume 68% of total listings New Home Sales (October 2011, units sold): 356 Year Change +16.7% (excl condo conversions, highrises) New Home Sales (October 2011, median price): $196,000 Year Change -5.8% (excl condo conversions, highrises) Existing Home Sales (October 2011, units sold): 3778 Year Change +28.0% Existing Home Sales (October 2011, median price): $110,000 Year Change: -7.6% New Home Permits (October 2011): 197 Year Change -29.6% Rental Rate (MLS Monthly Average September 2011): $1279/month My analysis: Distressed listings (foreclosures and short sales) are 68% of total listings. Units of ho... 12/02/2011

North Las Vegas Home Sales: Average and Median Prices - October 2011 Homes in North Las Vegas saw average selling prices jump by nearly $10,000 in October with just over 600 units sold. The median selling price also rose $4,922 and is off only $1,050 from $115,000 at the beginning of the year. The number of North Las Vegas homes sold is up 15.27% year over year, with 604 homes sold in October 2011 compared to 524 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.) 11/29/2011

North Las Vegas Real Estate Market Report - REOs, Short Sales and Regular Sales - October 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 3.5 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/October Sales = Absorption Rate). Ther... 11/29/2011

North Las Vegas Real Estate Trends - October 2011 For October 2011, there were 648 home sales in North Las Vegas with a median price of $109,950. Of those, 604 were single-family homes with a median price of $113,950. This is well ahead of last year's pace of 523 single-family sales; however, the median price has fallen by 8.8% from $125,000. 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 hom... 11/29/2011

North Las Vegas Homes For Sale: Listings by Price Range - November 29, 2011 Here's a summary of the single-family homes for sale in North Las Vegas. Short sales make up 58.4% of the inventory, while bank owned properties (REOs) equal 19.0%. 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.) 11/29/2011

North Las Vegas Home Sales: Financing by Price Range - October 2011 Out of 604 single-family homes sold in North Las Vegas in October, 222 (36.8%) were cash sales. At prices below $100,000 cash accounted for 57.7% of sales. Low prices and a strong rentl market make this segment popular with 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 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.) 11/29/2011

North Las Vegas Real Estate Report - October, 2011 The North Las Vegas real estate market continued to struggle in October, influenced by a high level of distressed properties. Year-over-year sales rose by 11.9% with 648 North Las Vegas homes sold in October, compared to 579 in 2010; however this is the second straight month of declining sales. The mix of available North Las Vegas homes for sale is 57.6% short sales, 23.0% regular sales and 19.4% bank owned.   The median selling price for single-family homes in North Las Vegas is down 8.8% from October 2010 to October 2011. At $113,950 this if the highest it's been since January through May when it remained level at $115,000.  GLVAR deems information reliable but not guaranteed. Information is for MLS areas 101-103. More about North Las... 11/28/2011

Las Vegas - Ardiente - Active Adult Guard Gated Community Ardiente is located in the North of Las Vegas [89081 zip code] and in a 24-hour Guard-gated Active Adult community for 55+ with 788 single story homes.  This community was originally started and built by Centex Homes and in 2010 Shea Homes took over and will complete. The Ardiente Community comes with a full-amenity 13,000sf clubhouse with outdoor pools [lap and resort pools], tennis, basketball, practice putting green, billiard & card rooms, fire side lounge, library, computer lab, bocce ball, and a state-of-the-art  fitness center.  You will also find six uniquely themed & landscaped parks and a dog park that are embodied within an extensive network of pedestrian trails and 30 fitness station throughout.Ardiente is just 20 minu... 11/25/2011

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 (11/15/2011): 30 Under Contract (11/15/2011): 32 Sold October 2011: 9 Sun City Aliante is currently enjoying a seller's market. Since Last Month: Aliante Sun City, North Las Vegas Listings DOWN -6, Contracted Homes DOWN -7, Sales UP +2 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated Daily) More I... 11/22/2011

Las Vegas Area REO Inventory has FALLEN since last report (-144 units), Under Contracts have FALLEN by (-107) units Closing data has FALLEN by (-172) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues. REO sales accounted for 50% of all Las Vegas Area Valley resale closings in October 2011. REO listings account for only 21% of total resale listings. Current Listed Bank Owned Statistics: Listings (11/15/2011): 2581 Under Contract (11/15/2011): 3183 Sold October 2011: 1884 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, wh... 11/17/2011