Las Vegas Market Update – May 2011

Happy Mother’s Day Weekend! Single family residential (SFR) closings for April were down 9%from March but 4.5% better than April 2010. The median sales price of an SFR dipped further to $125,000.  Yet, the average closed sales price increased slightly from last month. Homes in the South, Northwest, and Summerlin enjoyed noticeable higher average closing … More Las Vegas Market Update – May 2011

Las Vegas Market Update – April 2011

March Soars Past February and Betters Last Year! Single family residential (SFR) closings for March were up 31% from February and 6.6% better than March 2010. The median sales price of an SFR dipped 1.6% to $125,950.  Overall inventory continues to slowly shrink while available REO inventory remains steady at the 2800 level.  Average SFR closings … More Las Vegas Market Update – April 2011

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 from 1-4PM.  For class details and to RSVP, Click Here. Shelter Mortgage Newsletter from Jim … More November Market Update * Shelter Mortgage Updates

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 $135,000 and $140,000 throughout 2010.  This demonstrates the stability of the Greater Las Vegas Market … More Las Vegas Market Update – October 2010

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 Los Angeles Times Business article, written by Kenneth R. Harney, dated September 5, 2010 … More Las Vegas Market Update – September 2010