Category Archives: Market Stats
Las Vegas Market Update – March 2011
February Makes Gains Over January and Last Year! Single family residential (SFR) closings for February were up 3.3% from January and 8.8% better than February 2010. The median sales price of an SFR also improved by just over 2% to … Continue reading
Las Vegas Market Update – February 2011
January takes a little dip! Single family residential (SFR) closings for January were down 3.8% from December 2010 but at 2509 closings it is still the second best January on record. The median sales price of an SFR dropped to … Continue reading
Las Vegas Market Update – January 2011
How Did the Las Vegas Market Fare in 2010? 2010 ended up being a stellar year for closings with only 2009 and 2004 being slightly better. Demand remains strong despite the expiration of the first time home buyers tax credit. … Continue reading
November Market Update * Shelter Mortgage Updates
NEW Mortgage CE Class! First, I want to announce a new CE class that was recently approved by Shelter Mortgage! The new “Mortgage Financing in a New Age” class will be launched Wednesday, November 10, 2010 in the Summerlin office … Continue reading
Las Vegas Market Update – October 2010
Bank of America announced a moratorium on forecloses effective October 9, 2010. Single family residential (SFR) closings declined by 13 units from August sales but were down 552 units or (-16.4%) from September 2009. Median sales prices have fluctuated between … Continue reading
Las Vegas Market Update – September 2010
A New HomePath Program from Fannie Mae! The mortgage giant quietly launches the HomePath program, which offers subprime-era terms for buyers: minimal down payments, no appraisals, no mortgage insurance and low minimum credit scores. For the full story see the … Continue reading
Las Vegas Market Update for June 2010
Have a Happy 4th of July! June single family residential (SFR) closings improved 14% over May sales with a modest decline in the median price at $140,000. June witnessed a noticeable shift away from REO and … Continue reading
April Mid-Month Market Update
Let’s begin with the fact that REO closings have dropped to only 44% of April closings while Short Sale closings make up 26% of April closed sales and Classic closing comprise a resounding 30%. However, the most significant single market … Continue reading
Las Vegas Housing Stats – January 2010 Update
January 2010 Shows Improvement over January 2009 Single Family Residential closings for January 2010 totaled 2608 which is a 17% increase over January 2009. Additionally, townhomes and condos saw added 594 closings which respresent a 35% increase over the same period in 2009. The availability … Continue reading
Las Vegas Housing Stats – 2009 Wrap-Up
2009 Resale Closings Hit Their Mark! Total Single Family Residential closings for 2009 totaled 38,127 which is a 53% increase over 2008. Additionally, townhomes and condos saw another 8752 closings which respresent a 137% increase over 2008. In fact 2009 … Continue reading
