PMI, or private mortgage insurance, played a large role in yesterday's real estate boom, allowing buyers acquire property without putting a penny down. That was a tempting prospect indeed. 100% financing actually became quite popular those days as values kept galloping up on a steady pace that quickly generated equity no borrower in his right mind would dare turn down. The standard rule required a PMI if the down payment was less than 20%. These insurers were making money hand over fist, like just about all the other housing market participants did.

The real estate market's collapse changed everything in a jiffy for PMIs. They began losing truckloads of money as insurance claim requests rolled in from besieged mortgage lenders. That's one thing. They also considerably tightened their guidelines and when that wasn't enough to turn the tide they partially or totally withdrew from many real estate markets where the destruction was the worst. The ones in the latter category were called declining markets, the more prominent of them being Arizona, California, Florida and Nevada, the fab four of housing euphoria. Things looked really bleak for the PMIs.

Now they are cautiously climbing out of somewhat of a hibernation. One of them, Radiant Guaranty, actually dropped the declining market label a while ago and now is insuring mortgages up to 95% LTV, or loan-to-value, as long as the originator is of stellar reputation with minimal delinquency ratios. Genworth has recently adjusted its underwriting rules to pretty much match those of Radiant. Not to fall too far behind the competition, MGIC - the top dog in the business - has removed some states from its restricted list and making other tweaks, like lowering the FICO score minimum to 660 for 95% home loans.

PMIs are softening their guidelines as the housing market appears to be settling down. The risk element of doing business is slowly fading. That's in stark contrast to what FHA is nowadays doing. Its mortgage underwriting guidelines are getting tougher on the heels of severe losses that some felt would soon require a taxpayer bailout. FHA used to be nearly the only game in town, but with the PMIs gradually rewriting their rules the playing field is leveling out. Cost wise, in many cases the two of them today are comparable. As the housing market continues slogging along the long and slow recovery road it's foreseeable that PMI will in time become a more attractive alternative.

Las Vegas mortgage borrowers will benefit

After the loud bubble bursting event Sin City quickly assumed the unofficial role of a flag bearer for the declining market troops when its own real estate sector did the unthinkable, and soon thereafter it turned largely into an FHA stronghold. It was tough to locate conventional mortgage money for anyone putting down less than 20%. Southern Nevada is nowadays experiencing some kind of a revival and PMI firms are reflecting that in their recent decisions. As a result Las Vegas home loan applicants will find more forgiving underwriting criteria to look at that will give the real estate market here a better chance to shake the lingering malaise off.  

203-k loans and Energy Efficient Mortgages

Many of us love to cut costs and or save money, right? A 203-k loan or a Energy Efficient Mortgage can help you accomplish this. When buying your new home, it's not only a place to live, a place to create fond memories, but that it's an investment. And probably one of the biggest investments that you will ever make and that you should take it seriously.

Many borrowers are unaware of such programs as the 203 k loan or the Energy Efficient Mortgage. Yes, there are similar programs that can be done with conventional loans, but they usually require a larger down payment and or better credit scores or you will be penalized. So the types of loans that I will be mentioning below are FHA loans with FHA guidelines.

Loan Descriptions :

203-k loans - There is no limit to have much in costs for repairs. Keep in mind, there are some lenders that will only allow you up to $100,000 in total costs. At Infinity Home Mortgage, we have no limit.  You can even rebuild an existing house, as long as you can prove that there was a foundation prior to the 203-k loan and that there was a CO (certificate of occupancy) when first built or last sold. Here is a description of what can be included in the costs : 203-k loan repairs

203 k streamline loans (203 k or streamline k's) -  The main difference with this loan compared to the regular 203-k loan is that you can do up to $35,000 in repairs and that you don't need a 203-k consultant to right up a report which does cost extra money outside of an appraisal.  But many people fail to realize that the HUD consultant fee can be reimbursed through the mortgage itself.

Energy Efficient Mortgages or EEM's - Not to many people know about this type of financing. If you only wanted to repair anything energy related and or anything green, this method of financing would be a lot cheaper than using a 203-k loan, even a 203-k streamline loan.  More details on Energy Efficient Mortgages. (click on the link)

Summary : Keep in mind that you must still follow the normal FHA maximum mortgage amounts for the 203-k loans and for the Energy Efficient Loans. The FHA maximum mortgage amounts per counties in each state.  All of the mortgage programs above can be used for both purchases and refinances. The rates on the 203-k loans are slightly higher than the regular FHA loans. The rates are Energy Efficient Mortgages are also the same as regular FHA loans.

RUMOR ALERTS :

You will hear some people say that FHA loans and especially FHA 203-k loans will take much longer. It today's world or mortgages, all mortgages are taking a little longer. If a good loan officer has properly qualified the borrower and told them what is needed, a loan can still be done in 30 days, from start to finish. When it comes to 203-k loans, you should expect just another 2 weeks, depending on how quickly the HUD consultant gets the report back to the lender.  But I will say this, not every lender is well versed on 203-k loans and you should use someone that is experienced or who has an experienced staff. At Infinity Home Mortgage, we even actually underwrite the 203-k loan in-house, which gives us a lot of control.

FHA Loans - USDA Loans - VA Loans - Conventional Loans - Which mortgage is best for you?

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- FHA Loans - USDA Loans - VA Loans -

- Energy Efficient Mortgages - 

- Conventional Loans - 203 k loans -

- FHA Home Loans - Mortgages -

Experience & Knowledge at its BEST !!!

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For more information on FHA loans, please go to this link. The FHA Expert

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags!

Important Information about the First Time Homebuyers Tax Credit

Copyright © 2010 by Jeff Belonger of Infinity Home Mortgage Company, Inc

Here is what buyers received in seller paid concessions on November 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

• Less than $500:  63% ($500 only buys you a home warranty or (no and) an appraisal)
• Between $501-4000:  20%
• Over $4001:  17%

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

Our BNI (Business Network International) group has a spot open and a serious need for a Las Vegas Area Licensed and Permitted Property Manager.  If you are tired of cold leads and like warm referrals we will be happy to pick up your breakfast fee so we can have the opportunity to meet you!

We would like to extend the invitation for the free breakfast on May 4th and May 11th, 2010 at 7 AM (sharp, I know it is early but we like to be done with networking by the time the phones start ringing!)

Please join us at The Beach Cafe:  7750 S Jones Blvd (SE Corner of Jones & Robindale)

Bring a copy of your PM permit to verify or email/call Renee Burrows:  702-580-1783/411(at)Reneeburrows(dot)com

I will be happy to verify through NRED if you email or call so you don't have to bring a copy of your permit with you :)

See you Tuesday!

The Lakes March 2010 Real Estate Resale Market Report:

• Listings (4/15/2010):  53
• Under Contract (4/10/2010):  76
• Sold March 2010:  18

Since Last Month's Report:  Listings NO CHANGE, Pendings NO CHANGE, Sold Units UP +4

Why Las Vegas Pendings Aren't Selling

View Last Month's The Lakes Market Report Right Here!

For More Las Vegas Communities and Reports Click Here

The residential real estate market is on a turbo-charged roller coaster ride. One day the news is encouraging in the form of increased existing home sales over previous months. Or that housing prices are beginning to stabilize across the country. Pieces like that will get mortgage and housing industry observers and homeowners from Las Vegas to Miami all perked up and dreaming of a brighter tomorrow. And then out of nowhere all that good feeling and improved adrenalin flow is coldly shattered by another report saying that it's not over until it's over. And it may get worse before getting better.

LPS Applied Analytics, a mortgage data service shop, now estimates that it would take nearly nine years, or 103 months, to dispose of every bank foreclosure currently on their books - in other words REOs, real estate owned - and all the property that'll be foreclosed on in the next few years, given the pace of sales of foreclosures over the last several months. A cold-blooded assessment that certainly will make Washington policy makers consider redrawing some of their HAMP and other plans. In March mortgage lenders had roughly 1.1 million foreclosed homes in their inventory, continues LPS Applied Analytics. About 4.8 million additional home loan borrowers were already 60 days or more past due on their payments, a large majority of whom would end up swelling their distressed accounts even more. This so called shadow inventory grew by 30% from the same time last year.

Southern Nevada - home to North Las Vegas, Summerlin, Anthem, Rhodes Ranch, Green Valley, Mountains Edge and Silverstone Ranch - predictably is one of the leaders in this bothersome development. Being underwater is a serious problem in Las Vegas valley, causing many mortgage borrowers to abandon their homes even though many could afford to meet their payment obligations. What's the use when it may take ten or more years to swim dog-paddle back up to the surface? Others simply don't have the money to send in checks due to high unemployment. The severity of the situation in Vegas likely will take longer than close to nine years - LPS' estimate - to sell all the distressed property. It is possible mortgage lenders might speed up the rate of sales down the road, flooding the market with more listings, but that would then hurt price levels and bring them more financial agony.

In essence, LPS analysis points out to a long-term supply-flavored real estate market where prices will remain stagnant, hurting home loan providers' ability to mend their ill-treated books. Their mortgage underwriting criteria is going to stay tight as well while this uncertainty and supply-demand imbalance works its way through the system. Regardless, the housing market does have a pulse. Home buyers, especially first-timers, and real estate investors are deeply in love with rock-bottom housing prices common in many areas, including Las Vegas, and no one can complain about the still affordable mortgage money either.

The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year!  Absorption for December 2009 is a seller's market with very little inventory.  Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm!

We are FINALLY seeing a stabilization of inventory and a decrease with escrows (we should have seen that late spring/early summer!)  Good news for buyers?  Still remains to be seen.  We need to get over 10000 active units on the market before it can be stabilized from a seller's market 

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

• Listings (4/15/2010):  9302
• Under Contract (4/15/2010):  15787
• Sold March 2010:  3833

Short Sales:

• 46% of Listings
• 25% of Sales

REO (Foreclosures, Bank Owned:)

• 15% of Listings
• 53% of Sales

The above breakdown shows how very few short sales are being closed and how little inventory is in the REO market currently. 

In One Month:  Listings are DOWN -677 units, Contracted Listings UP +857, Sales are UP +864 units.  December's sales were unusually high and January's numbers are still higher than last January.  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

The Most Current REO (Foreclosure) Report

The Most Current Short Sale Report

The Most Current Las Vegas Area Pendings Report

When the real estate market succumbed a few years ago into a deep recession it took the home loan sector with it. While many mortgage lenders failed spectacularly, others were kept from falling off the map by costly government bailouts or found a hopeful merger partner. This sudden inferno quickly chased the private - domestic and foreign - investor almost completely away from the secondary mortgage market where they had been buying securities to support the U.S. housing industry. Mortgage financing lately has been almost exclusively provided by government-affiliated agencies Fannie Mae, Freddie Mac and FHA. The behind the scenes mover has been the Fed, being a vital component to shore up the otherwise badly limping industry.

The Fed has now withdrawn from purchasing mortgage-backed bonds and is anxiously watching how the market will come along without its considerable influence. Its nearly unlimited buying power. It must like what it is now seeing.

Redwood Trust Inc. is taking a courageous first step into the still treacherous waters as it is planning to issue about $222 million in mortgage bonds backed by loans originated by Citigroup. This is the first deal this year where Washington is not playing any guaranteeing or insurance role. It is a blue-blood private label issue.

Redwood will package the bonds very carefully, and surprisingly transparently. They for sure are high quality; the minimum credit score is 702 and the maximum LTV, or loan-to-value, is 80%. It will give potential investors more detailed information about mortgage borrowers' income and assets than what was done before. It'll reveal how many have second mortgages and whether they are self-employed. Moreover, Redwood will have skin in the game by keeping both 5% of the offering and its riskiest portion on its own books. This pool has 255 loans with an average price of $933,000, which signifies jumbo mortgage territory.

Mortgage bond investors are still hurting from the whipping they took over the last several years in the housing market disintegration and their memories are likely long. They certainly will take a look at the offering and assess the integrity of the improved disclosures, but how many will be convinced to buy is another thing. If the yield is attractive enough there will be at least some takers. Pricing for the issue should take place in the coming days.

That a mortgage-backed private label offering is being presented at all is a positive move for the entire market. The current near-total absence of the private investor won't change overnight. This is a valuable first step, however, giving a small base from which to start building investor trust on the much-maligned product.

I only had one winner in the Las Vegas Market Reports for April!!  ALL bidders went over on the listings side!

Ending Stats for April 15 @ EXACTLY 9 AM WERE:

• Listings:  9302
• Pendings:  15787

David Dee guessed the closest (without going over) at 15,751 - Winner of $25 Home Depot Gift Card

Eleanor Thorne guessed the second closest at 15,726 - Winner of Honorable Mention

Maggie Dokic got in too late or she would have won at 15,752 - Winner of the Invisible & Non-Existant "I get the Price is Right Bidding" Award

Become a member of Las Vegas Market Reports!  Next month's contest will be "May Sold Units"!

Welcome Home To Gated North Las Vegas Community:  Parks!

• 448 Single Family Detached Executive Style Homes
• Ranging from 1159-2801 Square Feet
• Built from 2001-2002 by Centex
  

Parks in North Las Vegas Community Amenities Include:  Gated Entry and Playground

Close to Schools & Retail.  Close to the Northern 215 Freeway which provides good Proximity to I-15 Freeway Access (Nellis AFB & Downtown Employment & Entertainment Centers)

View Parks in a larger map

www.lasvegasmtg.com Report: Las Vegas, Nevada's First Principal Reduction   Loan Program is now being offered at Direct Access Lending. There is now an alternative to a short sale or foreclosure, a short refinance loan. This revolutionary loan program has been successfully marketed in California and will now be available in Las Vegas, Nevada through Direct Access Lending. This Loan Program has the potential to help thousands of home owners in Las Vegas, Nevada find an alternative other than a foreclosure, or short sale. This Loan Program is not a Loan Modification! I repeat this is not a Loan Modification, but a Principal Reduction Home Loan! This is accomplished by the new lender purchasing the non performing note from the current lender at discount while you are still on title to the home and then offering a new loan at market value to you the owner on title.

It must be noted that everyone will not qualify for this program (See Lenders participation list) and it must meet certain requirements based on the current loan type and other requirements to be able to qualify for this loan program. Even when these qualifications are met, ultimately it is the note holder that maintains control of the decision to approve or deny the sale of the non performing note. Currently 6 out of 10 applicants are being approved for a Principal Reduction Loan after a thorough application screening process has been completed first. That means 6 families are able to keep their house that they would have lost to foreclosure or short sale and at the same time reduce the principal balance with a new loan and with lower payments! It is highly recommended that a Short Sale Listing is also done simultaneously in case the bank does not approve the purchase of the note.

Lenders that are participating in this program:

Bank Of America

Wells Fargo

GMAC

Chase

Screening Process:

Loans types that are excluded:

• Cannot be FHA or VA Loan.
• Cannot be Fannie or Freddie Mac Loan.
• Cannot be a manufactured or Mobile Home.
• Sub prime loan are what we prefer.

Loan types that are eligible:

• Bank owned Conventional Loans.
• Option Arm Loans.
• Negative Amortization loans.
• Loan amounts up to $1.5 Million.

Non Performing Status:

• Must be at least 60 Days late.
• Notice of Default Letter are able to participate.
• Will not stop Auction.

Income Qualifications:

• Must prove can qualify for repayment of new loan.
• One year W-2's and Tax returns or 12 month bank statements deposits for 1099 employees.
• two months banks statements.
• One month pay stubs.
• Copy of all 401K or IRA or stocks and bonds or any other verified assets.

Market Value Assessments Requirements:

• Three Comp Values for subject property totaled and then averaged together. Must meet 20% below total loan balance to be eligible.

Benefits of New Loan:

• Principal reduction to market value.
• No FICO Score Qualifications
• No Pre-Payment Penalty
• Fixed Rate 30 year loan
• No Deficiency judgments.
• Reporting to credit to re-establish credit rating.
• No title Fees

To find out more information and see if you are qualified for this program please contact me at:

 702-939-3470 or e-mail me at john.lefrancois@dalusa.com

John Le Francois Senior Loan Officer All Western Mortgage Inc. 8345 W. Sunset Rd. Suite 200 Las Vegas, NV, 89113 US	Work: 702-947-0648 Mobile: 702-271-2659 Fax: 702-541-9901 jlefrancois@awmlv.com http://www.lasvegasmtg.com
Visit MyBlogLog and get a signature like this!

Coronado Ranch March 2010 Real Estate Resale Market Report (Homes For Sale/Pending/Sold):

• Listings (4/15/2010): 16
• Under Contract (4/15/2010):  49
• Sold March 2010:  19

Since Last Month:  Listings are Down -18, Pendings are DOWN -1, Solds Units are UP +1.

Last Month's Coronado Ranch Market Update

To View Other Las Vegas Communities Click Here!

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 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-March 2010.

I do expect a frenzy of pendings & closes as the tax credits for first time buyers comes to a contracted halt at the end of April. Pendings have also begun their traditional "spring" rise.  Let the closings begin!

MGM Mirage is now planning to open the two-tower luxury complex - sitting in the middle of CityCenter and drawing admiring and sometimes quizzical looks with its two leaning towers - in May. It was scheduled to do so in mid-December when most of the mammoth multi-billion-dollar resort on the Strip began welcoming its first guests. The reason to the delay is quite clear. The current economic slump has deeply trimmed down the potential buyer pool for condos at Veer Towers. The same actually goes for all high-rise projects in Las Vegas.

Mortgage finance has been a problem all along. Lenders are staying away from Las Vegas luxury condo scene ever since the real estate market here stunningly caved in. To help move inventory MGM Mirage started offering seller financing in December but obviously its impact has been marginal at best. It also cut prices by 30% to ease buyer concerns about the continuous weakness on that front. Values throughout the condominium segment - from Florida and across to California - have been very leaky mostly due to rampant overbuilding. Las Vegas with its incomparable entertainment flavor didn't escape any of that either.

The recent housing bubble brought luxury condos to Las Vegas in a big way, on a firm developer bet that Vegas was now ripe enough for such a product. Most of them would be vacation homes for those yearning to scoot occasionally over to the desert oasis for some R & R. That's especially true for the Strip destinations. A trailblazer in this by many accounts was Turnberry Place that some locals had doubts about at first but then turned into a very successful project. Everybody and his nephew saw that and quickly wanted to cash in on the emerging trend. The stampede was on.

MGM Mirage joined it and is now struggling mightily with the condo product. Las Vegas high-rise condominium prices have seen much better days and 30% discount in them for Veer buyers is not near where the brutal real estate market forces say they actually are. It's difficult even for an in-house mortgage lender to underwrite a loan on a property with contract price and appraisal being miles apart. Without further price adjustments the many unsold units there will be hard to move anytime soon. Perhaps they should be used as hotel rooms for the time being, until the housing market picks up.

Charleston Heights March 2010 Real Estate Resale Market Report:

• Listings (4/15/2010): 86
• Under Contract (4/15/2010): 146
• Sold FMarch 2010:  40
  

Since Last Month:  Listings are UP +5 units, Pendings are UP +5 units, Solds are UP +7 units.

Why Las Vegas Pendings Are Not Closing

Last Month's Charleston Heights Real Estate Market Report

For More Las Vegas Communities and Reports Click Here

View Charleston Heights in a larger map

The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Inventory has DECREASED by -480 units.  Under Contract has increased by +882 units.    Solds have INCREASED by +276 units. (THAT IS HUGE!!)

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

Short Sale Synopsis:

• Listings 4/15/2010: 4323
• Pending 4/15/2010: 11094
• Closed March 2010: 970

Short Sales Currently Account for:

• 46% of All Las Vegas Valley Listings
• 25% of All Las Vegas Valley Sales
   

Read here for the most current Las Vegas Area Short Sale Report.

Read here for last month's report on Las Vegas Area Short Sales.

If you need to sell your home through the short sale process, you can either fill out the form on this page or you can call 702-966-2494 and press option 0.

The housing market bust in Southern Nevada - home to communities like Summerlin, Silverstone Ranch, Henderson, Mountains Edge, North Las Vegas and Rhodes Ranch - has taken down with it homeowners, mortgage lenders, real estate agents and builders, and a host of others closely tied to the industry. It has been as brutal a segment collapse as any in history. One of the most plundered victims has been the price. Homes in some of the newer subdivisions have lost as much as 60% of their value in just a few years.

To scores of once-happy and optimistic homeowners the word underwater has suddenly become a hot topic, as their property value now is much less than the underlying mortgage. On the other side of the coin are first-time buyers who are drooling over the current housing affordability in Las Vegas, seeing a unique opportunity to grab a home for mere pennies, it seems. A nice home in a solid neighborhood can be purchased for under $150,000, essentially at a price from 10 years and beyond ago.

NAR, or National Association of Realtors, national affordability index bravely backs the trend and soared to a record territory in 2009, reaching 171.6. A household with a median income thus had 171.6% of the income to be approved for a home loan on a median-priced property. This puts it way above what is required. In comparison, the same index stood at 115.4 in 2007, making home buying those days a fair contest.

The Center for Neighborhood Technology, or CNT, a research shop sorting out community development, transportation, energy and natural resource matters, throws cold water on the argument, though. Transportation looms as a big issue here. Its own affordability metric came in showing that only 40% of subdivisions nationwide are affordable to the average household when transportation costs were counted in. Typically they involve commuting to work, school, market and so on, some guys probably sneaking in a weekly trip to the golf course, too.

On the other hand, when transportation expenses were excluded from the index 69% of the communities became affordable. According to its research then a hefty 29% of subdivisions fall off the affordability grid when in-city travel costs are figured in. That is a sobering result, and less understood among the general mortgage and real estate faculty. CNT's study blanketed 337 metropolitan centers in the U.S., totaling about 80% of the population.  

Las Vegas is notorious for being sprawled out all over the valley, crisscrossed by wide streets from one end to the other. Public transportation is pathetic. To get around for life's necessities likely costs even more here than in most other urban centers in the index. Predictably then Sin City's status falls a notch or two below the average, rendering it somewhat less affordable than what solely looking at the current price levels indicate.

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, Gommunity Golf, Pool, Tennis, Gym, Clubhouse.

Siena Sun Colony Market Report:

• Listings (4/15/2010):  58
• Under Contract (4/15/2010):  28
• Sold March 2010: 10
  

Siena Sun Colony Summerlin is currently enjoying a stable market.  Since last month:  Listings are UP +3, Pendings are NO CHANGE, Units sold are UP +5.

Renee Burrows carries the SRES (Senior Real Estate Specialist) Designation and has Probate and Estate experience.  If you need a referral to a Probate or Estate lawyer, please contact me!

Seniors Real Estate Specialists® are REALTORS® qualified to address the needs of home buyers and sellers age 50+. The SRES® Council awards the SRES® Designation to those members who have successfully completed its education program.

By earning the SRES® designation, your REALTOR® has demonstrated necessary knowledge and expertise to counsel clients age 50-plus through major financial and lifestyle transitions involved in relocating, refinancing, or selling the family home. Your REALTOR® has received special training, gets regular updates, and is prepared to offer the options and information needed in making life changing decisions.

For Last Month's Siena Sun Colony Market Report Click Here

For Most Current Sun Cities Market Report Click Here

View Siena Sun Colony in a larger map

Desert Shores March 2010 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold):

• Listings (4/15/2010):58
• Under Contract (4/15/2010):  86
• Sold March 2010:23

Since Last Month:  Listings are DOWN -2, Pendings are DOWN -1, Sold Units are UP +7

Last Month's Report

Click here for Most Recent Desert Shores Market Report

Click here for More Information on Desert Shores Lake Living.

View Desert Shores in a larger map