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North Las Vegas, NV Real Estate News

By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Here is what buyers received in seller paid concessions on June 2013 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500: 90% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000: 6% Over $4001: 4% 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 average con...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.) Units Leased: July 2013:  3355 June 2013:  3224 May 2013:  3297 April 2013:  3100 March 2013:  3188 February 2013:  3141 January 2013:  2608 December 2012:  2289 November 2012:  2690 October 2012:  2913 September 2012:  2626 August 2012:  3409 July 2012:  2912 June 2012:  3007 May 2012:  2887 Average Monthly Rental Rates: July 2013:  $1564 June 2013:  $1383 May 2013:  $1348 April 2013:  $1283 March 2013:  $1315 February...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
  For Most Current Las Vegas REO Inventory Market Report. 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, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite. View More FAQ About My Las Vegas Area Real Estate Market Reports.
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
    For Most Current Las Vegas Real Estate Inventory Market Report Click Here. 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, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite. View More FAQ About My Las Vegas Area Real Estate Market Reports.
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
  For Most Current Las Vegas Short Sale Home Inventory Market Report. 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, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite. View More FAQ About My Las Vegas Area Real Estate Market Reports.
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Here is what buyers received in seller paid concessions on May 2013 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500: 89% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000: 6% Over $4001: 5% 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 average cons...
Comments 2
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Cash REMAINS KING in the Las Vegas Area Real Estate Market!!! It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is enjoying! It is important to understand how a seller looks at each financing type: Cash Offers: Generally have less contingencies and quicker close times. A cash offer may be accepted even if it is lower than a financed offer. Conventional Financing: Less strict with lender required repairs but larger down payments and more strict credit guidelines. FHA/VA Financing: Requires more scrutiny with lender required repairs via appraisal. In general these take longer to underwrite and close so a cash or conventional offer looks more enticing to the seller. FHA Req...
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By Dawn Barrier in Las Vegas at HOMESMART ENCORE, Homes in Las Vegas Nevada 702-812-4550
(HomeSmart Encore - Las Vegas)
North Las Vegas Home For Sale    Call now to find out about this home.  
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas Area May 15, 2013 Active Listings by Type REO: 453 (11%) Short Sale: 490 (11%) All Other: 3409 (78%)   April 2013 Sales by Type: REO: 397 (11%) Short Sale: 1201 (33%) Other: 2033 (56%) 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, Henderson, North La...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas Area REO Inventory has RISEN since last report (+9 units), Under Contracts have FALLEN by (-67) units Closing data has FALLEN by (-26) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues.  AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice! REO sales accounted for 11% of all Las Vegas Area Valley resale closings in April 2013. REO listings account for only 11% of total resale listings. Current Listed Bank Owned Statistics: Listings (5/15/2012): 453 Under Contract (5/15/2012): 627 Sold April 2013: 397 View Last Month's Report Here For Most Current Las Vegas REO Inventory Market Report. What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas ...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
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 (5/15/2013): 17 Under Contract (5/15/2013): 15 Sold April 2013: 11 Sun City Aliante is currently enjoying an EXTREME seller's market. Since Last Month Aliante Sun City, North Las Vegas: Listings are UP +3 Contracted Homes DOWN -2 Sales are UP +2 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated Dai...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
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 (4/15/2013): 14 Under Contract (4/15/2013): 17 Sold March 2013: 9 Sun City Aliante is currently enjoying an EXTREME seller's market. Since Last Month: Aliante Sun City, North Las Vegas Listings are UP +2, Contracted Homes DOWN -10, Sales are UP +4 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Updated D...
Comments 0
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.) Units Leased: March 2013:  3188 February 2013:  3141 January 2013:  2608 December 2012:  2289 November 2012:  2690 October 2012:  2913 September 2012:  2626 August 2012:  3409 July 2012:  2912 June 2012:  3007 May 2012:  2880 April 2012:  2590 March 2012:  3031 February 2012:  2835 Average Monthly Rental Rates: March 2013:  $1315 February 2013:  $1274 January 2013:  $1462 December 2012:  $1535 November 2012:  $1240 Octo...
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By Lori Ballen, Digital Marketing Strategist
(Keller Williams Las Vegas)
  North Las Vegas Real Estate Market Report | Aliante Nevada Homes | http://www.BallenGroupHomes.com | 702.604.7739 Welcome to Aliante Homes for Sale and Real Estate portal: your single stop for finding a home in Aliante, Nevada. Here you can search every available home for sale in Aliante Nevada via the MLS.    The median list price in May for single family homes in North Las Vegas and ALIANTE is $242,500. The list prices dropped by -1.02% from the previous month. The price per square foot for listings in this area is $109. The median sale price for Aliante Real Estate and North Las Vegas Homes in February forsingle family homes is $152,500. The sale prices dropped by -19.06%from the previous month. The price per square foot for sales in this area is $69.                        Aliante...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284. Active listings are up stagnant at the moment but LOW LOW LOW! 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 (4/15/2013): 4121 Under Contract (4/15/2013): 12694 Sold March 2013: 3477 Short Sales: 13% of Listings 34% of Sales REO (Foreclosures, Bank Owned:) 11% of Listings 12% of Sales In One Month: Listings are UP +86 units, Contracted Listings are DOWN -139 units, Sales are UP +376 units. Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times. Last Month's Pending Report For Most Current Las Vegas Real Estate Inventory Market R...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
The absorption rate for Las Vegas Valley Area Short Sales is a strong seller's market. Since last month:  Active Listing Inventory has DECREASED by -80 units. Under Contract has DECREASED by -212 units. Sold units have INCREASED by +194 units. There are many reasons for the lack of closings in this market and it is outlined in this post. Short Sale Synopsis: Listings 4/15/2013: 530 Pending 4/15/2013: 9087 Closed March 2013: 1186 Short Sales Currently Account for: 13% of All Las Vegas Valley Listings 34% of All Las Vegas Valley Sales Read here for last month's report on Las Vegas Area Short Sales. Most Current Market Report For Short Sales Information About the Short Sale Process for Las Vegas Area Short Sale Buyers & Sellers What Areas Do You Cover for your Las Vegas Area Real Estate M...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Here is what buyers received in seller paid concessions on February 2013 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500: 87% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000: 8% Over $4001: 5% 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 average...
Comments 0
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
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 (3/15/2013): 12 Under Contract (3/15/2013): 27 Sold February 2013: 5 Sun City Aliante is currently enjoying an EXTREME seller's market. Since Last Month: Aliante Sun City, North Las Vegas Listings are DOWN -7, Contracted Homes UP +12, Sales are DOWN -5 For Current and Past Sun City Aliante Market Reports View Sun City Aliante Homes For Sale Here (Upda...
Comments 0
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
**LAS VEGAS AREA RESIDENTIAL RESALE HOME INVENTORY DROPS AGAIN!!!** We are still squeezed for inventory.  New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight.  Multiple offers on well priced homes are widespread. Everyone from first time buyers to investors are taking advantage of "opportunity". 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 exists"! Well I b...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Cash REMAINS KING in the Las Vegas Area Real Estate Market!!! It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is enjoying! It is important to understand how a seller looks at each financing type: Cash Offers: Generally have less contingencies and quicker close times. A cash offer may be accepted even if it is lower than a financed offer. Conventional Financing: Less strict with lender required repairs but larger down payments and more strict credit guidelines. FHA/VA Financing: Requires more scrutiny with lender required repairs via appraisal. In general these take longer to underwrite and close so a cash or conventional offer looks more enticing to the seller. FHA Req...
Comments 3
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