I always try to let my buyer clients know what is going on in the Las Vegas Area REO (foreclosure, bank owned) scene. Now everyone is on a heightened sense of urgency since yesterday's good news in the national media (ha, what have I been saying?!?) As if it wasn't bad enough before....... It is
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04/29/2009
Rentals: 336 Listed 4/14/2009 18 Under Contract 4/14/2009 65 Leased March 2009 5.2 Months Inventory Resales: 897 Listed 4/14/2009 52 Under Contract 4/14/2009 35 Closed March 2009 25.6 Months Inventory (=2.1 years) This Market is extremely volatile due to the boutique nature and lack of financin
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04/29/2009
It wasn't THAT long ago that we Baby Boomers worried a lot about our kids. You know, those irrepressible Generation Y kids who were on the Internet at age 4 and who grew up clicking (my son says I grew up turning dials and that is why his generation is superior different). Sitting on our own fa
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04/28/2009
Desert Shores March 2009 Real Estate Resale Market Report: Listings (4/16/2009): 107 Under Contract (4/16/2009): 64 Sold March 2009: 13 Month's Inventory: 8.2 No report available for last month. Click here for More Information on Desert Shores Lake Living. If you are thinking about buying, r
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04/28/2009
The rental sector has surprisingly remained stable throughout all this market turmoil! 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. Units Leased: March 2009: 1825 Febr
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04/28/2009
Mountain's Edge March 2009 Real Estate Resale Market Report: Listings (4/14/2009): 310 Under Contract (4/14/2009): 213 Sold March 2009: 63 Month's Inventory: 4.9 Last Month's Mountain's Edge Real Estate Market Report Mountain's Edge is a newer community so many of the listings are short sale
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04/27/2009
Summerlin March 2009 Real Estate Resale Market Report: Listings (4/14/2009): 929 Under Contract (4/142009): 401 Sold March 2009: 109 Month's Inventory: 8.5 Absorption is slightly higher than Las Vegas Valley. Since Last Month's Report: Listings DOWN -31 Pendings UP +76 Sold Units DOWN -16
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04/27/2009
Burrows Group Nevada Realty Solutions MLS # VARIOUS MLS # VARIOUS VIEW 38 ACTIVE LISTINGS UNDER $75K Call For Details 702-966-2494 38 ACTIVE LISTINGS UNDER $75000 $75000 or Less Year: various Sq Ft: various Ranch 1 1 Yes Lot size: VARIOUS 38 ACTIVE LISTINGS UNDER $75000 VIEW NOW! Email Us Now Do
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04/26/2009
The absorption rate for Las Vegas Valley Area Short Sales went down slightly for March 2009. Absorption still remains high and above the two year mark. Inventory has decreased (+135 units). Pending units have increased by +500 units. Solds have increased by a measely +13 units. Absorptio
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04/24/2009
Right now our listing to pending ratio is narrowing. We are swiftly switching from a stable (neutral) market to a seller's market in the next month. Yes, there may be some hidden "shadow" inventory with the moratoriums winding down. Word on the street is that short sales are currently being
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04/23/2009
