Henderson, NV Real Estate News

HENDERSON WELCOMES LEONARDO DA VINCIMake plans now to visit a special exhibit bringing together replicas of Leonard da Vinci's inventions and his famous paintings.  More than 60+ replicas of da Vinci's transportation, military, and mechanical devices, as well as his greatest paintings will be on display.  Replicias include an air screw (precursor to the helicopter), a war wagon, a robot and a chamber of mirrors.  The exclusive Nevada showing will be at the Henderson Events Plaza through March 2, 2008.    Henderson Events Plaza is located at 200 Water Street in Henderson. For tickets contact 702.267.4849 or 877.775.5252 or http://www.hendersonlive.com/.   Open Sunday through Thursday from 9 a.m. to 6 p.m. and Friday and Saturday from 10 a.m. to 8 p.m.  Adults are $17, students (7-17); se...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Economic Conditions for the Las Vegas Valley October 2007 Housing Conditions: Foreclosure/Short Sale Listings (11/27/2007): Total Listings 26,513; Foreclosures Commenced: 1704, 6.4% of all listings; Short Sales: 4105, 15.4% of all listings; Bank Owned Listings: 2065, 7.8% of all listings. New Home Sales (October 2007, units sold): 1170 Year Change -45.5% (excl condo conversions, highrises) New Home Sales (October 2007, median price): $298,056 Year Change -13.6% (excl condo conversions, highrises) Existing Home Sales (October 2007, units sold): 1529 Year Change -47.9% Existing Home Sales (October 2007, median price): $259,363 Year Change: -10.6% Single Family Residential Building Permits (October 2007):1734 Year Change +99.8%Rental Rate (MLS Monthly Average October 2007): $1511/month  My...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
 The absorption rate for Las Vegas Short Sales has risen once again in November 2007.  Inventory has risen dramatically (+333 Units) even though we saw a nice sales increase (+24 units) in this sector.  Pendings (+19 units) are only up slightly.The short sale market absorption rate has risen from 51 months in August/Sept to 77 months in Sept/October.  We are currently looking at 56 months of inventory for Oct/Nov.  There are many reasons for it and it is outlined in this post. Are we beginning to see the banks allowing the properties to go for less to avoid the costs of foreclosure? Short Sale Synopsis:Listings 11/21/2007: 4041Pending 11/21/2007:  281Closed 10/18-11/18/2007:  72Month's Inventory:  56.1One thing you really need to consider when buying or selling short is to make sure the...
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By Roberta LaRocca, REALTOR®, Broker, Salesperson, NV. Lic BS.507
(Simply Vegas Real Estate)
So, you live in Las Vegas and you can't get into the holiday spirit because you miss the snow.  Well, now you can go play in the snow at the Henderson Winterfest Celebration.  It will be a manufactured winter wonderland at the Henderson Events Plaza 200 S. Water St.   There will be winter activities, live entertainment and folk art booths.  The events will run from December 6 -9.  The Henderson Civic Orchestra will be giving a free performance on December 6 at 7PM.     On December 7 at 6pm, there will be the official tree lighting and an award ceremony for the Holiday Home Decorations contest and Canstruction.  This is a competition where local architects build structures out of canned goods.  After the season is over, the canned goods get donated to local food banks.   On December 8 an...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Listed below are the current inventory and October, 2007 statistics for home sales in the Henderson, Nevada real estate market:Total Homes Available:4,525  (as of November 7) Single-Family:  3,713  (23.1 month supply*) Condo:  485  (32.3 month supply) Townhouse:  327  (17.2 month supply)October, 2007 Sales:Single-Family:  161  (Price range: $135,000 - $4,090,000) Condo:  15  (Price range: $130,000 - $303,194) Townhouse:  19  (Price range: $115,000 - $310,000)  MayJunJulAugSepOctSingle Family308302254258183161Condominium333125231815Townhouse423826242119Median Selling Price:Single-Family:  $320,000 Condo:  $175,000 Townhouse:  $227,000  MayJunJulAugSepOctSingle Family$348,500$348,750$349,475$339,050$329,000$320,000Condominium$191,000$190,000$206,000$196,500$181,500$175,000Townhouse$241,00...
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By Erin Cross
(RE/MAX Associates)
As Real Estate Agents it's our job to inform our clients of community happenings!  What a town we live in, there's GREAT Restaurants everywhere!  So much so that the highly acclaimed award winning restaurant critic for the Las Vegas Review-Journal has written a book about such a topic.  Author, Heidi Knapp Rinella will be at the Whole Foods Market (100 S. Green Valley Parkway) in Henderson Friday, October 26th at 7:00 P.M.!  Come on out and Meet the Author...  Her book, "Personal Favorites The Chefs of Las Vegas" will be on my gift giving list this year.  Here's the link to the website where you can read more and order the book www.chefsoflasvegas.com 
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By Jacqulyn Richey, Las Vegas Real Estate
(Prominent Realty Group)
This coming Saturday, October 27 is the Lucky Dog Magazine's 2nd Annual Bow Wow Halloween Contest and Parade.  The event will be taking place at beautiful Lake Las Vegas between 11 am and 3 pm and a portion of the proceeds will benefit  Heaven Can Wait Sanctuary. It is a great way to support a great cause as well as having a great and entertaining time.Its a great way to spend a Saturday afternoon in gorgeous surroundings. The event is free to attend. There is a $10 fee to enter the costume contest or a $35 VIP entry fee, which includes an official Lucky Dog magazine doggie tee and a front spot in the parade. Events include the costume contest, vendors, bobbing for weenies, dog treat stacking contest and more. Register at luckdogmag.com. Hope to see you there. -Charles 
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By Shane Carter, Henderson-Las Vegas
(Liberty Realty "Carterteam")
What a Beautiful City....Henderson, Nevada.  This area has some excellent golf courses, fantastic parks with walking/bike paths.  And we should not forget to mention the gateway to Lake Mead, and it's great boating and recreation facilities. This is a wonderful place to call home!  Visit our web site www.carterteamrealty.com for more information on Henderson Real Estate for sale.
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By Shane Carter, Henderson-Las Vegas
(Liberty Realty "Carterteam")
No Bidding Wars. In 2005 we had one client that made an offer on ten homes. They lost the first nine to the 'feeding frenzy' that existed. Other buyers bid the properties up substantially from the original listing price. There were escalation clauses where buyers authorized their agents to outbid other offers by thousands of dollars. There is no competitive bidding in this buyer's market. You can make an offer. A few years ago when you made an offer, the only question was how high above the list price could the buyer reach in hopes of being the best offer on the table. Today the sell price list vs. price ration is about 96%. A seller will not be insulted if you 'make them an offer they can't refuse'.Patience is tolerated. In the hot seller's market that existed everything was rushed. Fi...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Home sales in Silverado Court 1 and 2, a neighborhood in the Silverado area of Henderson and Las Vegas, NV kept a lethargic pace in the third quarter of 2007. Two homes closed, matching the previous quarter, and significantly down from seven in the first three months.  Existing resale inventory grew to 22 homes making this an extremely challenging market for sellers. Foreclosures and short sales are also putting pressure on market prices, as can be seen by the disparity in selling prices below. Homes in Silverado Court 1 and 2 are located close to schools, shopping and recreation and have quick access to the I-215 freeway. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 10628 Salmon Leap 2729 4/3 $439,900 $439,900 58 08/06/0...
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By Jacqulyn Richey, Las Vegas Real Estate
(Prominent Realty Group)
In today's market, not all news is bad news. Right now is a great time to buy a home. Interest rates are still low (and were just dropped) and there are lots of homes to choose from. Many home builders are offering great unprecedented incentives on new homes as well as free upgrades. Pulte, the builder of Anthem and Madiera Canyon, has just lowered their prices by $100,000.Anthem and Madiera Canyon offer breath taking views of the Las Vegas valley and the surrounding mountains. if you prefer country club living, Anthem offers a huge community center and top notch golf course. Both communities offer new construction homes that are Energy Star certified. Pulte even goes a step further and tells you what you can expect your power bills to be in each model.If you are thinking about buying a...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Home sales activity in Palm Canyon, a neighborhood near Black Mountain in Henderson, NV continued its upward trend in the third quarter of 2007 with ten units closed, two more than the 2nd quarter. While the nine-month total is still 50% less than one year ago, it is encouraging to see the number of closings continue to increase. The existing resale inventory of 18 homes (plus 3 with accepted offers) equates to about a six-month supply, which is a balanced market. This is further supported by an average days on market of 95. Homes in Palm Canyon have lot sizes from about 6,000 square feet up to 1/4 acre and more. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 185 Las Pasadas 2018 4/3 $392,000 $367,700 98 09/07/07 820 Coasta...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Home sales in Morningside, a neighborhood in the Green Valley area of Henderson, NV were noticeably slower in the third quarter of 2007. Only two homes closed, compared to five in the 2nd quarter and six in the 1st quarter. With existing resale inventory climbing further to 20 homes from 15, (plus 1 with an accepted offer), sellers may need to rethink their strategy and level of motivation. Buyers have plenty of options to choose from, and will look to overall value when making their offers. Homes in Morningside are located close to the amenities of Green Valley Ranch and have quick access to the I-215 freeway. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 62 Westheimer 1688 3/3 $279,900 $274,000 55 09/21/07 50 Fantasia 11...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Home sales in Inspiration at Green Valley Ranch, a townhouse community in Henderson NV continued their downward trend in the third quarter of 2007. Only three townhouses closed, compared to six in the 2nd quarter and nine in the 1st quarter. The resale inventory was nearly cut in half to 13 townhouses, (plus one in escrow), but that still represents about a one-year supply. In a highly competitive market like this, price and marketing exposure play key roles in whether or not sellers' homes get showing and offers. Townhouses in Inspiration at Green Valley Ranch are located near The District (a mixed-use development), the Henderson Multigenerational Center, and the Paseo Verde Library, and have quick access to the I-215 freeway. Here are the details of the third quarter sales: Address Sq...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Sales activity for the third quarter of 2007 in Clearwater Canyon, a neighborhood in Henderson, NV fell back to first quarter levels. Just three homes closed in the period, compared to six in the second quarter. Fifteen homes are currently on the market, plus two with accepted offers. That level of inventory greatly favors buyers. In order to succeed in this competitive market, sellers need to be aggressive on price, give their home maximum marketing exposure, and keep it in top showing condition. Homes in Clearwater Canyon are close to all of the wonderful amenities that living in Green Valley provides, as well as I-215, I-515 and McCarran International Airport. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 1770 Clearwate...
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By Shane Carter, Henderson-Las Vegas
(Liberty Realty "Carterteam")
Las Vegas ranks as one of the nation's more affordable housing markets in the 2007 Home Price Comparison Index.It comes down to the old real estate adage, "Location, location, location," People continue to move to Las Vegas for the lifestyle, new jobs and promotions and to raise a family."The real estate market in Las Vegas is different than a year ago, our market has experienced a slowdown in sales and an increase in inventory."Nevertheless, buyer opportunities abound! Those opportunities will begin to disappear as home builders reduce their inventories.Home Builders Research reported 766 new home permits in August, the second straight month below 1,000. The permit count is down 38.1 percent for the year at nearly 11,000."It's going to get more affordable." Visit our website http://www...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Home sales activity in Coventry at Anthem, a neighborhood in the master-planned community of Anthem in Henderson, NV fell sharply in the 3rd quarter of 2007. Only three homes closed in the third quarter, compared to 11 in the 2nd quarter and 14 in the 1st quarter. Available inventory remained at 30 homes, plus three homes with accepted offers. Another 8-10 previous sellers appear to have taken their homes off the market for now. To succeed in this very competitive market, price, marketing and condition are the major determining factors. Homes in Coventry at Anthem offer affordable luxury and outstanding nearby amenities. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 2392 Rainswept 2736 4/3 $600,000 $560,000 101 08/17/07 22...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Home sales in Candle Creek, a neighborhood adjacent to the master-planned community of Whitney Ranch in Henderson, NV showed slight signs of improvement during the third quarter of 2007. Five homes closed in this period, up from three in the 2nd quarter. Existing resale inventory has been reduced to 22 homes, down from 26 in the second quarter. Two homes are in escrow. With a one-year supply of inventory, sellers need to focus on pricing and marketing to create showings and generate offers. Homes in Candle Creek offer good values relative to the overall Las Vegas market. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 907 Alta Oaks 3742 5/3 $505,900 $494,925 108 07/18/07 715 Rocky Trail 2906 5/3 $444,990 $410,000 56 08/07/07...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Home sales in Black Mountain Vistas, a master-planned community in Henderson, NV maintained a slow pace in the third quarter of 2007. Five homes and five townhouses closed during this period, compared to 3 homes and 7 townhouses in the 2nd quarter. The resale inventory of 25 homes and 14 townhouses (plus 4 homes and 1 townhouse with accepted offers) equals about a one-year supply, strongly favoring buyers. Sellers need to price aggresively, market widely and keep their home in top condition in order to generate showings and offers. Homes in Black Mountain Vistas are conveniently located near the I-215 and I-515 freeways and represent good values. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 167 Mount St Helens 2610 4/3 $4...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Home sales in Whitney Ranch, a master-planned community in Henderson, NV remained consistent in the 3rd quarter of 2007. Six homes and two condos (Galleria Villas) closed in the third quarter, matching the numbers from the previous three months. Resale inventory has climbed to 22 homes and 6 condos, which puts the market squarely in favor of buyers. Aggressive pricing, maximum marketing exposure and top showing condition are tools sellers will need to use to get showings and offers. Homes in Whitney Ranch still represent good value relative to the overall Las Vegas market. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 933 Sedona 2169 5/3 $339,900 $334,400 378 09/17/07 1429 Hawkwood 2133 4/3 $349,900 $330,000 26 08/29/07 94...
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