Las Vegas Market Update – June 2011

Let’s Talk Inventory! Single family residential (SFR) closings for May were nearly 1% better than April and 7.6% up from May 2010. The median sales price of an SFR improved to $126,000.  Overall inventory held steady, but available REO inventory drifted higher and is approaching the 3400 level.  Meanwhile Classic Closings continue to have the … More Las Vegas Market Update – June 2011

Safely Navigating the Las Vegas Real Estate Market

Does it seem like we encounter more “third parties” than first and second parties in today’s transactions? Are they all looking for a piece of your commission? Do banks and many of these “third party” companies hide behind Federal laws or exemptions to Nevada Revised Statutes and laws in order to thrive off our very … More Safely Navigating the Las Vegas Real Estate Market

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