This Rhodes Ranch Area market report was generated on December 31, 2007 (graph on bottom): Active Listings: 469 Under Contract: 70Sold 11/24-12/24/2007: 43 Months Inventory: 10.9 (major one week drop)Low: $138,000; High: $3,490,000; Median: 270,000 (listing prices only) Rental Market Report g
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12/31/2007
Pendings have risen well over the 500 I predicted several weeks ago from these Las Vegas Foreclosure auctions! Three weeks post we are looking at rising closings (+6 Units/one week) and rising pendings (+13 Units/one week)! Yes we are seeing listings rise (+38 units/one week). I am almost won
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12/30/2007
Nevada is once again the fastest growing state!!! Arizona took that title the past two years. The anticipation is being felt in the form of higher multi family building units being permitted as less people can get a loan to buy a home right now. I pull these statistics monthly and even though
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12/29/2007
Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen slightly (+121 units), Pendings have risen considerably (+204 units) and closings have gone up too (+27 units). Monthly absorption rate down slightly by a half a month! Current Listed Bank Own
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12/26/2007
The absorption rate for Las Vegas Short Sales has risen once again in December 2007. Inventory has risen dramatically (+204 Units), closings (sales) have also decreased (-18 units) in this sector. Pendings (+46 units) are only up nicely but they just aren't closing.The short sale market absorp
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12/26/2007
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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12/26/2007
I may have been a little conservative when I estimated weeks ago that we would see 500 pendings rise from these Las Vegas Foreclosure auctions! Two weeks post we are looking at rising closings and rising pendings (+57 Units)! Yes we are seeing listings rise (+13 units), not to outpace the rise
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12/22/2007
This Rhodes Ranch Area market report was generated on December 22, 2007 (graph on bottom): Active Listings: 466 Under Contract: 85Sold 11/15-12/15/2007: 38 Months Inventory: 12.2 (major one week drop)Low: $138,000; High: $3,490,000; Median: 271,475 (listing prices only) Rental Market Report
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12/22/2007
Huntington at Rhodes Ranch is snuggled in the southwest Las Vegas valley foothills. They feature great peek-a-boo views of the mountains to the west and to the north! Schools (12/20/2007) Zoned are: Sierra Vista High School, Faiss Middle School & Wayne Tenaka Elementary school. With extreme growt
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12/20/2007
Liberty @ Warm Springs is snuggled in the southwest Las Vegas valley foothills. They feature great peek-a-boo views of the mountains to the west and to the north!Schools (12/20/2007) Zoned are: Sierra Vista High School, Faiss Middle School & Wayne Tenaka Elementary school. With extreme growth in
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12/20/2007
