New Property Management Permit Course! First, I am going to shamelessly plug Americana’s Pre-Licensing Property Management Permit course that was recently approved by the Nevada Real Estate Division. Registration is now open. Just click here to view the course and/or register. The Current Las Vegas Market Single family residential (SFR) closings for October were down … More Las Vegas Market Update – November 2011
The Current Las Vegas Market Single family residential (SFR) closings for September were down 12.5% from August but up 15.5% from September 2010. Total year-to-date closed units are up just over 10% from this time last year. Short sale closings picked up momentum over Bank Owned (REO) closing and over traditional closings. Available REO listings … More Las Vegas Market Update – October 2011
Summer Heat Only Steamed the Sales! Single family residential (SFR) closings for August were up over 17% from July and up more than 31% from August 2010. Short sale closings were up 25% from July as we continue to see banks streamline their short sale approval procedures and become more efficient in processing short sales. … More Las Vegas Market Update – September 2011
Some Good – Some Bad – Some Changes! Single family residential (SFR) closings for July were down by nearly 13% from June but up 7% from July 2010. This is the result of more closings for traditional listing and an increase in the average sales price of short sales. Despite renewed momentum for REO closings, … More Las Vegas Market Update – August 2011
Summer Activity is Heating Up! Single family residential (SFR) closings for June were nearly 17% better than May and up 8% from June 2010. The median sales price of an SFR improved to $124,500. SFR closings for the 2nd QTR 2011 were 16% better than the 1st QTR 2011. Overall inventory held steady, but available … More Las Vegas Market Update – July 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
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
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
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
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 $128,000. Overall inventory continues to slowly shrink even as demand remains steady. This is also … More Las Vegas Market Update – March 2011
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