Cash is the obvious dominator with overall Las Vegas Area REO Purchases.  Cash not only dominates but CRUSHES financed purchases under $75000.  The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.  Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.) Condo financing is currently a challenge in the Las Vegas Area.  Lenders want to see low investor concentration, low HOA deliquencies and no construction defect or other litigation against HOA or community.  To dete... 06/13/2011

This Rhodes Ranch Area resale market report was generated on April 16, 2008 (graph on bottom): Active Listings: 430Under Contract: 162Sold 3/10-4/10/2008:  49Months Inventory: 8.8 Low:  $94,900; High:  $3,490,000; Median:  239,990(listing prices only) Rental Market Report generated on April 16, 2008 (graph on top):Active Listings:  77Under Contract: 11Leased 3/10-4/10/2008:  54 Months Inventory:  1.4Median List Price for an area rental:  $1250/month, Low:  $750, High:  $3500 Information from GLVAR is deemed reliable but not guaranteed. Last Market Report Generated March 31, 2008 Click here to view past market report graphs and active rental, resale and new construction listings in the Rhodes Ranch Area  Includes: Apache Hills, Apache Springs (The Falls), Astoria Homes at Rhodes Ranch (I... 04/16/2008