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... 01/16/2011

  702.482.7739 - http://www.ShortsaleinNevada.com - When Ready to sell your Las Vegas Home - if you owe more than the mortgage, we can help. Call us to discuss short sale options. Las Vegas Short Sale Specialists with Keller Williams Realty Las Vegas. If you are looking to buy, feel free to use our Online Nevada MLS search and Property Finder at http://www.ForSaleByBallen.com - It's FREE and Online NOW. Stop Nevada Foreclosure. Las Vegas Short SaleSpecialists - We Can Help HELPING HOMEOWNERS *HARDSHIP * HEALING * HAPPINESS Las Vegas Short Sale Specialists - We can help •· Do you owe more than your home is worth? •·Have you received a notice of default in the mail? •·Do you want, need, or are being forced to move? •·Did you buy an investment property that you need to unload? •·Are you in... 01/07/2011

**ACTIVE Las Vegas Real Estate Inventory Sees a Rising Slowdown!** Active Las Vegas Residental Resale MLS Inventory has risen for 7 straight months but experienced a slowdown in December.  This is mainly due to first time buyers exhausting the market due to their tax credit expiring - this is not due to the shadow inventory fairy bringing us more inventory! Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post. 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 for people saying "shadow inventory exi... 01/06/2011

It started this morning and is starting to pile up...What a way to start off the New Year!!It is nice to see a bit of it...Thank goodness it usually only stays a day or two!  Just enough for me to enjoy it!    Stay warm and Have a Happy New Year!  01/03/2011

Here is what buyers received in seller paid concessions on November 2010 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500:  67% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000:  18% Over $4001:  15% This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory!  Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs! Last Month's Concession Stand Most Current Concession Stand What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the a... 01/03/2011

Yes, you read that right!  The Las Vegas area is expecting some freezing nights with possible rain and snow between tonight and new years.There are many new homeowners that have bought a home here in Las Vegas and maybe unaware that Vegas nights can dip to freezing temperatures this time of year, and we occasionally get snow in the valley which can lead to pipes breaking and pool pumps breaking.  The Northwest Las Vegas area and North Las Vegas areas tend to get colder as they are closer to the base of the mountains.  If you live in the Northwest area up around Lone Mountain and Providence you can almost expect to get at least a dusting of snow once a year here.Also, bring your pets inside overnight as they are most likely not accustomed to the upcoming cold temperatures.Take a walk aro... 12/28/2010

Las Vegas Area December 15, 2010 Active Listings by Type REO:  3409 (22%) Short Sale:  7817 (50%) All Other:  4440 (28%)   November 2010 Sales by Type: REO:  1572 (46%) Short Sale:  901 (27%) Other:  923 (27%) This is just a guide for consumers to see what types of properties are closing vs what is listed.  Currently we have the most closes in the REO sector and the least inventory in the REO sector and it is an extreme seller's market. Click here to see last month's Listing and Sales Type Report Click here to view the most recent stats What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?)  It means that I cover the cities of Las Vegas, He... 12/27/2010

  702-604-7739 - http://www.ForSaleByBallen.com - 702-604-7739 - Las Vegas Real Estate Agent Team specializing in Las Vegas Short Sales with Keller Williams Realty Las Vegas   View Listing Brochure 12/23/2010     Dear Aliante Real Estate Buyer,Attached is the listing information you requested from our website. You may also use the link below to return to our website or click the button to view the listing. See our other FEATURED Aliante Listings at http://www.alianteforsale.com or Search the MLS Now for ALL NEVADA MLS LISTINGS at http://www.forsalebyballen.com - HAPPY SHOPPING.     Aliante Real Estate (Aliante) Price: $234,900 Type: Residential Style: Single Story Bedrooms: 3 Bathrooms: 2 Size: 2,196 sq. ft. Taxes: $4,611 View Listing Details >>   ✒MLS SEARCH TOOL IS HERE! Las Vegas Sh... 12/23/2010

702.604.7739 - http://www.ShortsaleinNevada.com - When Ready to sell your Las Vegas Home - if you owe more than the mortgage, we can help. Call us to discuss short sale options. Las Vegas Short Sale Specialists with Keller Williams Realty Las Vegas. If you are looking to buy, feel free to use our Online Nevada MLS search and Property Finder at http://www.ForSaleByBallen.com - It's FREE and Online NOW. LINKS Search for Nevada Real Estate NOW The Ballen Group Las Vegas Short sale Information KELLER WILLIAMS REALTYSEARCH THE MLSTHE SHORT SALE PROCESSFEATURED LISTINGS PHOTO GALLERY Single Story For Sale in Eldorado  Another Great North Las Vegas Short Sale • 1,559 sq. ft., 2 bath, 3 bdrm single story "Short Sale Nevada - Short Sale Home in Nevada" - MLS® $94,999 - Home for Sale in Eldorado... 12/23/2010

North Las Vegas Home Sales: Financing by Price Range Out of 591 single-family homes sold in North Las Vegas in November, 189 (32.0%) were cash sales. At prices below $100,000 cash accounted for 54.7% of sales, signaling the competition that first-time homebuyers face from investors. The higher rate of VA financing relative to other areas of the valley can be explained by the proximity of Nellis Air Force Base. To find out more about buying or selling homes in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com. (GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.) 12/22/2010

Del Webb is known as the premier developer of active adult communities throughout the country and their Sun City Aliante community is a fantastic example of active adult living at its finest. The community boasts a fabulous line-up of amenities, reasonably priced homes and the famous Del Webb lifestyle. Located just 15 miles north of the Las Vegas Strip allows residents easy access to the amazing entertainment of Las Vegas within a few short minutes. Sun City Aliante is within the larger master planned community known simply as Aliante. Residents enjoy stunning mountain views of the Sheep Mountain Range as well as fantastic amenities close to home such as a new casino, award-winning golf courses, great shopping, dining and more. The amenities of this popular North Las Vegas active adult... 12/21/2010

North Las Vegas Homes For Sale: Listings by Price Range Here's a summary of the single-family homes for sale in North Las Vegas. Short sales are responsible for 56.7% of the inventory, while bank owned properties (REOs) equal 20.9%. To find out more about buying or selling homes in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com. (GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.) 12/20/2010

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 1157-2104 Square Feet.  Community Amenities Include:  Community Golf, Clubhouse, Gym, Pool, Spa, Tennis, Recroom. Sun City Aliante Market Report: Listings (12/15/2010):  47 Under Contract (12/15/2010):  26 Sold November 2010:  5 Sun City Aliante is currently enjoying a buyer's market. Since Last Month:   Aliante Sun City, North Las Vegas Listings DOWN -4, Contracted Homes UP +2, Sales NO CHANGE For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated Da... 12/17/2010

I                                 Ahhh!  Had a great visit back to Florida here a few shots of the Redington Shores area.    © Dawn Barrier,2010 All Rights Reserved- pictures are the property of Dawn Barrier. Blog Disclaimer-This is a personal blog. All information is provided for informational purposes only and is Not legal advice, consult an attorney or financial expert for legal advice. This is general information and is not intended to provide advice on any specific question or transaction. Parties to any real estate transaction should seek competent legal and/or tax counsel to determine the legal, credit and tax consequences of buying or selling a home.     Copyright © 2010, 2009 Dawn Barrier. All Rights Reserved. Any Stats are per the GLVAR MLS as of this writing. 12/15/2010

Since the year is winding down and many of us may have some extra time over the next 2 weeks, now might be the time to check your credit report and start a plan of action for 2011.Many across the nation have had a rough year and times could continue to be rough for many even into 2011. But, many are also going to be trying to recover in 2011 from things such as foreclosure, job loss, wage cuts and the likes.Many in Las Vegas may have did a Las Vegas Short Sale and now would be a good time to remind yourself the road to recovering your credit score is up to you.So, why not go and get your credit report and scores now and start a file on yourself.  Date it with the day you get your scores and maybe write a brief list of things that may help you bring your scores up or a note about paying ... 12/15/2010

North Las Vegas Home Sales: Average and Median Prices Homes in North Las Vegas had a 2.85% increase in average selling prices in November. The median selling price remained even at $125,000. So far in 2010, the average selling price for North Las Vegas homes is down 1.77%, while the median selling price is off 2.34%. The total number of North Las Vegas homes sold is down 15.96% year over year, with 7,839 sales in 2009 and 6,588 in 2010.   To find out more about buying or selling real estate in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com. (GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.) 12/14/2010

North Las Vegas Real Estate Market Report - REOs, Short Sales and Regular Sales In a previous look at the North Las Vegas real estate market, I highlighted sales price, volume, and financing trends. Today I'll break down the different listing types of that market -- REOs (bank owned homes), short sales, and regular sales. Overall we have about 4.5 months of North Las Vegas real estate inventory. When we look at each of the listing types, we see that there are three distinct markets. Here are the current figures for North Las Vegas REOs, North Las Vegas short sales, and 'regular' North Las Vegas home sales. Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/November Sales = Absorption Rate). There are only two mon... 12/11/2010

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 1157-2104 Square Feet.  Community Amenities Include:  Community Golf, Clubhouse, Gym, Pool, Spa, Tennis, Recroom. Sun City Aliante Market Report: Listings (11/15/2010):  51 Under Contract (11/15/2010):  24 Sold October 2010:  5 Sun City Aliante is currently enjoying a buyer's market. Since Last Month:   Aliante Sun City, North Las Vegas Listings DOWN -1, Contracted Homes NO CHANGE, Sales NO CHANGE For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated... 12/09/2010

North Las Vegas Real Estate Trends For November 2010, there were 635 home sales in North Las Vegas with a median price of $122,000. Of those, 591 were single-family homes with a median price of $125,000. This marks the 19th straight month that the median price has stayed within a range of $123,800 to $135,000. Here's a quick look at price, volume and financing trends in the North Las Vegas real estate market.   In 2009 there were a total of 9,207 homes sold in North Las Vegas. This area is north of Charleston Boulevard, east of Rancho Road, and west of the I-15 freeway, and includes most of the city of North Las Vegas. The median sale was a 3-bedroom, 1839 square foot home with a selling price of $129,900. The median selling price for a single-family home fell by 19.4% during the year, ... 12/08/2010

North Las Vegas Real Estate Report The North Las Vegas real estate market reversed a 4-month decline in November, with 625 homes sold compared to 579 in October, Year-over-year sales are down 19.1% from the 773 North Las Vegas homes sold in October 2009. The mix of available North Las Vegas homes for sale is 57.3% short sales, 22.6% regular sales and 20.1% bank owned.   The median selling price for single-family homes in North Las Vegas is down 3.8% from November 2009. At $125,000 this makes 18 out of 19 months that it has stayed within the range from $125,000 to $135,000. GLVAR deems information reliable but not guaranteed. Information is for MLS areas 101-103. Previous North Las Vegas real estate reports:     North Las Vegas Real Estate Report - October 2010     North Las Vegas Real E... 12/03/2010