Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284. Active listings are up just a smidge for the third month in a row after a 17 month decline! 2012 will be another interesting year for Las Vegas Real Estate! Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (9/15/2012): 4915 Under Contract (9/15/2012): 15101 Sold August 2012: 3620 Short Sales: 23% of Listings 44% of Sales REO (Foreclosures, Bank Owned:) 8% of Listings 18% of Sales In One Month: Listings are UP +122 units, Contracted Listings DOWN -144 units, Sales are UP +190 units. Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times. DOWN PAYMENT ASSISTANCE HAS NOT ENDED FOR FIRST TIME BUYERS... 10/21/2012

Welcome Home to SW Las Vegas Communities: Morgyn Ridge Condos  Morgyn Ridge Condominiums is a gated community in Southwest Las Vegas near the corner of Durango & Russell.  While it appears to not be close to much of anything but desert on the map, Russell Road is now connected and residents can access Rainbow Rd - Spring Valley Hospital, Restaurants, United States Post Office, Professional Offices, Medical Offices and Local Gaming.  Catching the southern 215 beltway is a snap from either the Durango Exit (leaving great proximity to McCarran Airport, UNLV and the South Strip Employment and Entertainment centers!) OR Russell Rd which gets you to Summerlin and all the great amenities of Summerlin! Amenities include a Clubhouse & Pool. There are exactly 158 condo homes w/ garages & balconi... 09/21/2009