Nevada Real Estate >> Las Vegas Real Estate Specialist: Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com (BrokerThe Force Realty-REALTOR-Estate-Probate-REO-Short Sale)

Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles.

Sun City Anthem is located in the Anthem Area of Henderson, NV (zip 89052 and 89044). There are 7312 Homes in Sun City Anthem ranging from 1080-4567 Square Feet. Community Amenities Include: Community Golf, Gym, Pool, Spa, Tennis, Clubhouse and Recroom

Sun City Anthem Market Report:

• Listings (1/15/2012): 129
• Under Contract (1/15/2012): 63
• Sold December 2011: 27

Since Last Month's Report: Listings NO CHANGE, Contracted Escrows UP +7, Solds UP +5. Sun City Anthem is currently enjoying a stable market.

For Current and Past Sun City Anthem Market Reports

View Sun City Anthem Homes For Sale Here (Updated Daily)

More Information on Sun City Anthem Real Estate Here

More Las Vegas Communities Here

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 Requires the deed to be seasoned for several months so some flips bought at trustee's sales are generally out as options when competing with multiple offers!

Other: Less common and creative financing types such as Lease Options, OWC (Owner Will Carry), etc. The "other" category INCLUDES auction terms!!

Last Month's Report

Most Current Las Vegas Sold Terms and Trends 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.

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 (1/15/2012): 21
• Under Contract (1/15/2012): 30
• Sold December 2011: 13

Sun City Aliante is currently enjoying a seller's market.

Since Last Month: Aliante Sun City, North Las Vegas Listings UP +2, Contracted Homes DOWN -1, Sales UP +4

For Current and Past Sun City Aliante Market Reports

View Sun City Aliante Homes For Sale Here (Updated Daily)

More Information on Sun City Aliante Real Estate Here

More Las Vegas Communities Here

Desert Shores December 2011 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold):

• Listings (1/15/2012): 40
• Under Contract (1/15/2012): 60
• Sold December 2011: 24

Since Last Month: Listings are DOWN -2, Pendings are DOWN -3, Sold Units are DOWN -1

For Current and Past Desert Shores Market Reports

View Desert Shores Homes For Sale Here (Updated Daily)

More Information on Desert Shores Real Estate Here

More Las Vegas Communities Here

Selling Your House in Las Vegas:  When to Sell a House?

Most traditional markets have better seasonal selling months than others.  Las Vegas does not have bitter cold or snow that may stop a potential buyer from heading out in the “elements” to buy a home.  Las Vegas does have that nasty blast furnace heat in the summer that one would *think* it could stop buyers from searching for a home but that is not true!

Las Vegas real estate attracts many types of buyers:  first time buyers, vacation & second home buyers, retiree buyers & investor buyers.

Spring, Summer, Winter or Fall – there is no best season to sell a house in Las Vegas.

January, February, March, April, May, June, July, August, September, October, November or December – there is no best month to sell a house in Las Vegas.

Thanksgiving, Christmas, New Years, Super Bowl, Valentine’s Day, Fourth of July, Back to School, Halloween – there is no best holiday to wait to sell a house in Las Vegas after.

Take a look at this graphic:

Blue represents active listings, red represents contracted listings and green represents sales.  Each line is for a month from December 2007 to December 2011.  Every month there is green even during the “crappy sales months” of December 2007 through early spring 2008.  That means every month there are sales – and these days the amount of sales are very healthy every month & every season so it really doesn’t matter when to sell your house.  It’s only a matter of *if* you *need* to sell your house.

Any house will sell in any month if it is:

• Priced correctly for current market conditions
• Easy to show
• In good repair
• Shows well
• Marketed to target audience correctly

The Las Vegas real estate market breaks all “laws” about when to sell your house during seasons, months & holidays.  Las Vegas is a 24/7/365 town with homes selling every day of the year!

Click here for your no obligation – no appointment – free consultation – if you are thinking about selling your Las Vegas Home!

Charleston Heights December 2011 Real Estate Resale Market Report:

• Listings (1/15/2012): 110
• Under Contract (1/15/2012): 129
• Sold December 2011: 51

Since Last Month: Listings are DOWN -8 units, Pendings are DOWN -2 units, Solds are NO CHANGE!

For Current and Past Charleston Heights Market Reports

View Charleston Heights Homes For Sale Here (Updated Daily)

More Information on Charleston Heights Real Estate Here

More Las Vegas Communities Here

Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles.

Siena (Sun Colony, not a true "Sun City" but appropriate age restricted community for this report) is located in the Summerlin Area of Las Vegas, NV (zip 89135). There are 2029 Homes in Siena ranging from 1034-3875 Square Feet. Community Amenities Include: Guard Gated, Community Golf, Pool, Tennis, Gym, Clubhouse.

Siena Sun Colony Market Report:

• Listings (1/15/2012): 47
• Under Contract (1/15/2012): 19
• Sold December 2011: 10

Siena Sun Colony Summerlin is currently enjoying a stable to buyer's market. Since last month: Listings are UP +4, Pendings are UP +1, Units sold are DOWN -2

For Current and Past Siena Sun Colony Market Reports

View Siena Sun Colony Homes For Sale Here(Updated Daily)

More Information on Siena Sun Colony Real Estate Here (Includes Video & Map)

More Las Vegas Communities Here

Summerlin December 2011 Real Estate Resale Market Report:

• Listings (1/15/2012): 525
• Under Contract (1/15/2012): 614
• Sold December 2011: 200

Since Last Month's Report:

• Listings DOWN -59
• Pendings UP +49
• Sold Units UP +39

For Current and Past Summerlin Market Reports

View Summerlin Homes For Sale Here (Updated Daily)

More Information on Summerlin Real Estate Here (Includes Video & Map)

More Las Vegas Communities Here

**Inventory Continues to Plunge Down in January!!!**

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 believe it exists but it also exists in Las Vegas short sales which has tripled to quadrupled it's formerly stagnant close ratio since late spring.

These are Listing/Under Contract & Pending/Sold Trends from December 2007-November 2011.

Contracted closings are stalled because of the large amount of Las Vegas short sales that are contracted.

Southern Highlands December 2011 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold):

• Listings (1/15/2012): 161
• Under Contract (1/15/2012): 194
• Sold December 2011: 47

Since Last Month: Listings are DOWN -6, Pendings are DOWN -6, Sold Units are UP +5

Last Month's Southern Highlands Market Report

View Southern Highlands Homes For Sale Here (Updated Daily)

More Information on Southern Highlands Real Estate Here

More Las Vegas Communities Here

Coronado Ranch December 2011 Real Estate Resale Market Report (Homes For Sale/Pending/Sold):

• Listings (1/15/2012): 28
• Under Contract (1/15/2012): 41
• Sold December 2011: 15

Since Last Month: Listings are DOWN -1, Pendings are DOWN -3, Solds Units are UP +5.

For Current & Past Coronado Ranch Market Reports

View Coronado Ranch Homes For Sale Here (Updated Daily)

More Information on Coronado Ranch Real Estate Here

More Las Vegas Communities Here

Here is what buyers received in seller paid concessions on December 2011 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

• Less than $500: 70% ($500 only buys you a home warranty or (no and) an appraisal)
• Between $501-4000: 20%
• Over $4001: 10%

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 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.

Las Vegas Real Estate Inventory is seeing an unusually large amount of units closed for winter. Active listings are down again for the 13th month in a row! 2011 proves to be an interesting year for Las Vegas Real Estate!

Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)

• Listings (1/15/2012): 10446
• Under Contract (1/15/2012): 12380
• Sold December 2011: 4098

Short Sales:

• 47% of Listings
• 27% of Sales

REO (Foreclosures, Bank Owned:)

• 20% of Listings
• 48% of Sales

In One Month: Listings are DOWN -793 units, Contracted Listings DOWN -525 units, Sales are UP +314 units. Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times.

DOWN PAYMENT ASSISTANCE HAS NOT ENDED FOR FIRST TIME BUYERS, HOWEVER!!

Last Month's Pending Report

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.

Nevada Trails December 2011 Real Estate Resale Market Report (Homes For Sale, Pending, Sold):

• Listings (1/15/2012): 17
• Under Contract (1/15/2012): 45
• Sold December 2011: 8

Since Last Month: Listings are DOWN -9, Pendings are NO CHANGE, Closes are DOWN -5

Last Month's Nevada Trails Market Report

View Nevada Trails Homes For Sale Here (Updated Daily)

More Information on Nevada Trails Real Estate Here

More Las Vegas Communities Here

Las Vegas Area January 15, 2012 Active Listings by Type

• REO: 2025 (20%)
• Short Sale: 4935 (47%)
• All Other: 3486 (33%)

December 2011 Sales by Type:

• REO: 1974 (48%)
• Short Sale: 1099 (27%)
• Other: 1025 (25%)

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 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.

The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new yeaer approaches. Active Listing Inventory has DECREASED by -337 units. Under Contract has DECREASED by -59 units. Sold units have INCREASED by +78 units.

There are many reasons for the lack of closings in this market and it is outlined in this post.

Short Sale Synopsis:

• Listings 1/15/2012: 4935
• Pending 1/15/2012: 8383
• Closed December 2011: 1099

Short Sales Currently Account for:

• 47% of All Las Vegas Valley Listings
• 27% 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 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.

Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles.

Sun City MacDonald Ranch is located in the Green Valley Area of Henderson, NV (zip 89012). There are 893 Homes in Sun City MacDonald Ranch ranging from 1020-2489 Square Feet. Community Amenities Include: Clubhouse, Community Golf, Gym, Pool, Spa, Tennis

Sun City MacDonald Ranch Market Report:

• Listings (1/15/2012): 34
• Under Contract (1/15/2012): 12
• Sold December 2011: 4

Since Last Month:

• Listing Units UP +2
• Under Contract Units DOWN -2
• Sold Units DOWN -2

Last Month's Sun City MacDonald Ranch Market Report

View Sun City MacDonald Ranch Homes For Sale Here (Updated Daily)

More Information on Sun City MacDonald Ranch Real Estate Here

More Las Vegas Communities Here

Las Vegas Area REO Inventory has FALLEN since last report (-254 units), Under Contracts have FALLEN by (-311) units Closing data has RISEN by (+169) 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 48% of all Las Vegas Area Valley resale closings in December 2011. REO listings account for only 20% of total resale listings.

Current Listed Bank Owned Statistics:

• Listings (1/15/2012): 2025
• Under Contract (1/15/2012): 2763
• Sold December 2011: 1974

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 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.