Sorry for thesse reports being back to back, I forgot to post December's reports! Summerlin January 2010 Real Estate Resale Market Report: Listings (2/15/2009): 679 Under Contract (2/15/2009): 599 Sold January 2010: 109 Month's Inventory: 6.2 Since Last Month's Report: Listings UP +30 Pend
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02/21/2010
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
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02/19/2010
OOPSSSSSSSSSSSSSSSSS I almost forgot this one for last month! You will be seeing another one for January 2010 soon! Summerlin December 2009 Real Estate Resale Market Report: Listings (1/15/2009): 649 Under Contract (1/15/2009): 552 Sold December 2009: 166 Month's Inventory: 3.9 Since Last
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02/19/2010
Great Post and relevant in my market!! Comments disabled please go to Donne's post to comment: In part one, I explained what underwriting conditions were and how some conditions can be good and pretty standard and easy to fulfill. Some can be bad and a challenge to fulfill and others are ju
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02/19/2010
The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year! Absorption for December 2009 is a seller's market @ 3.2 months of inventory. Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is n
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02/18/2010
Desert Shores January 2009 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold): Listings (2/15/2010): 59 Under Contract (2/15/2010): 87 Sold January 2010: 19 Month's Inventory: 3.1 Since Last Month: Listings are UP +2, Pendings are UP +6, Sold Units are DOWN -9 Last Month's
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02/17/2010
It seems that Fannie Mae is giving owner occupied buyers a 15 day head start from entry in the MLS prior to looking at investor offers! This is exceptional news for many financed buyers that are losing out to the influx of all cash investors that are in our market. Fannie Mae is also offering C
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02/16/2010
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
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02/15/2010
The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Absorption is swinging back into a buyer's market at 7.1 months of inventory. Solds have FINALLY gone from hovering the 200 unit mark and near the 650-800 units mark. I see improvement in this sector! Invent
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02/14/2010
Las Vegas Area REO Inventory has FALLEN since last report (-399 units), Under Contracts have RISEN (+42) units Closing data has FALLEN (-652) units. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues. REO sales accounted for 60% of all Las Ve
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02/14/2010