Las Vegas Area Seller or Transaction Category #5:  The "Flip" This is part 5  in a series describing different types of sellers and transactions in the Las Vegas Area market. The "Flipper" is a type of seller.  To "Flip"  means that the property was recently purchased (at a discount) and is quickly being resold.  There are two main types of "flippers" in this market: Those that buy directly from "trustee's sales" (foreclosure sales.)  I am going to call these "Real Flips"      Those that are trying to leverage nothing by negotiating short sale transaction - these are the most difficult to get through.  I am going to call these "Flip Flops"                                                                                                                       Real Flips are attractive to po... 08/21/2009

Home sales activity in Blue Diamond Springs, a neighborhood in southwest Las Vegas, NV was disappointing in the 4th quarter with only three closings, compared to nine in the 3rd quarter. For the year, a total of 21 homes closed, up over 100% from 2006 when 10 homes sold. It is important to note, however, that 9 of the 21 were standing inventory from the builder. Existing resale inventory of 13 homes, (plus 2 with accepted offers), represents a strong buyer's market. Homes in Blue Diamond Springs are close to all of the amenities of the growing southwest area of the valley, as well as the south Las Vegas Strip. Here are the details of the fourth quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 8277 Pearl Oasis 2784 4/3 $299,990 $299,990 37 10/18/07 4833 Eureka... 01/17/2008

Home sales activity in Blue Diamond Springs, a neighborhood in southwest Las Vegas, NV produced engouraging results in the third quarter of 2007. The nine homes closed matched the total for the first six months. Existing resale inventory was reduced to just 11 homes, making this subdivision one of very few that has a balanced market. Though selling prices are down about 10% for the year, they appear to have stabilized. Homes in Blue Diamond Springs are close to all of the amenities of the growing southwest area of the valley, as well as the south Las Vegas Strip. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 8288 Cultured Pearl 2781 4/3 $359,000 $353,600 140 07/11/07 8303 Kimberly Diamond 2781 4/3 $379,900 $350,000 161 07/... 10/20/2007

Home sales activity in Blue Diamond Springs, a neighborhood in southwest Las Vegas, NV slumped in the second quarter of 2007. Only two homes closed in the 2nd quarter (both model homes from KB Home), compared to seven homes in the first quarter.Existing resale inventory stayed high at 18 homes (plus 1 with an accepted offer) which strongly favors buyers. Sellers need to price aggressively and be sure their home is in top condition for showings. Homes in Blue Diamond Springs are close to all of the amenities of the growing southwest area of the valley, as well as the south Las Vegas Strip.Here are the details of the second quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date4832 Shelbourne17003/3$284,990$284,9906705/02/074840 Shelbourne15523/3$274,990$279,9906004/27/07 ... 08/04/2007

Home sales activity in Blue Diamond Springs, a neighborhood in southwest Las Vegas, NV is off to a good start so far in 2007. Seven homes closed in the first quarter.Existing resale inventory of 17 homes (plus 3 with accepted offers) means there is about a nine-month supply. Price and condition will be the determining factors on which homes buyers prefer. Homes in Blue Diamond Springs are close to all of the amenities of the growing southwest area of the valley, as well as the south Las Vegas Strip.Here are the details of the first quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date8309 Brilliant Ruby18583/3$299,990$299,990702/14/074849 Eureka Diamond18563/3$299,999$299,00012103/15/078317 Brilliant Ruby15233/3$273,500$273,5002102/03/078320 Transvaal Blue16963/3$279,90... 05/26/2007