This Rhodes Ranch Area market report was generated on November 30, 2007 (graph on bottom): Active Listings: 492 Under Contract: 79Sold 10/25-11/25/2007: 19 Months Inventory: 25.9Low: $129,900; High: $3,490,000; Median: 280,000 (listing prices only) Rental Market Report generated on November
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11/30/2007
I just have to put this one out there and dedicate it to all the buyers who think they are the *only* buyers that are aware of the three REO auctions in the next two weeks. There are just a little over 600 properties in those auctions and there is an ABUNDANCE of attention being drawn to them:
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11/28/2007
First August, then September and now we have October!Obvious anticipation for rental homes, or maybe just housing period is driving the amount of building permits for multi family buildings up for the third month in a row!Amount of Multi-Family Unit Permits Pulled:October 2007: 2733 September 20
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11/27/2007
Economic Conditions for the Las Vegas Valley October 2007 Housing Conditions: Foreclosure/Short Sale Listings (11/27/2007): Total Listings 26,513; Foreclosures Commenced: 1704, 6.4% of all listings; Short Sales: 4105, 15.4% of all listings; Bank Owned Listings: 2065, 7.8% of all listings. New Hom
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11/27/2007
As a small business owner/operator for almost 20 years (started when I was a mere 19,) I am a huge supporter of small business. From services to goods. When I tell people to support our economy by seeking out American made goods, I get the same responses:Too hard to findToo ExpensiveQuality Inf
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11/25/2007
Shmittens is a term that some of us regular doggie park go-ers coined for when an irresponsible dog owner lets them do their business, fails to pick it up and the next thing we know another pup has run through it and several people end up having to clean up the mess. It started out to be "sh*t m
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11/23/2007
This Rhodes Ranch Area market report was generated on November 23, 2007 (graph on bottom): Active Listings: 501 Under Contract: 75Sold 10/23-11/23/2007: 16 Months Inventory: 31.3Low: $129,900; High: $3,490,000; Median: 280,980 (listing prices only_ Rental Market Report generated on November 2
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11/23/2007
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen slightly (+193 units), Pendings have risen considerably (+82 units) and closings have gone up too (+25 units). Monthly absorption rate down slightly (0.2) Current Listed Bank Owned Statistics:
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11/21/2007
The absorption rate for Las Vegas Short Sales has risen once again in November 2007. Inventory has risen dramatically (+333 Units) even though we saw a nice sales increase (+24 units) in this sector. Pendings (+19 units) are only up slightly.The short sale market absorption rate has risen from
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11/21/2007
We have seen the Las Vegas, NV high rise real estate market have a phenomenal (and scary) jump in inventory in the last several months. For several reasons:Too many speculators in that market. They want to close n flip. They are not interested in holding, renting or living in them. Each time
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11/20/2007
