Dashboard

Dashboard

Login using...

New Search X

April 2012

Found 4 blog entries for April 2012.

As of April 26th, only 4,594 single family homes remain listed in the Las Vegas MLS as active (not under contract) in Clark County. Our inventory is continuing to shrink as few, if any, bank foreclosures are reaching the market due to the restrictions of AB 284.

The sale of lower priced housing, in particular, is really active. This week one of our agents had an offer in on a home that had received over 70 offers within just a few days, most above list price!

The current market breakdown looks like this:

874 homes priced under $100k - including 361short sales and 225 foreclosures
1644 homes priced between $100k and $200k - including 664 short sales and 278 foreclosures
846 homes priced between $200k and $300k - including 262 short sales and 89

2,348 Views, 0 Comments

Las Vegas hotel poolNo swimming pool in your Las Vegas home?

If you aren't fortunate enough to have a swimming pool in your Las Vegas home, you might want to consider booking into a hotel for the weekend to beat the heat. While most Vegas hotels have swimming pools, some are more impressive than others - here are some of our favorites:

1. Mandalay Bay Beach Resort:

You can't go swimming in Las Vegas without checking out the pool, or should I say "beach," at Mandalay Bay. This 11-acre resort features a sandy beach area, complete with palm trees, lounge chairs and umbrellas, plus eight pools, including wave pool and lazy river, and the adult-only, Moorea Beach Club. For those who can't keep away from the tables, visit the beachside casino with its own restaurant and

11,743 Views, 1 Comment

"Where have all the homes gone?!" In the Las Vegas real estate market it's like the clock has suddenly been turned back to the year 2004. Within hours there are multiple offers on everything listed under $250k, often sight unseen, and most accepted contracts are going above list price. New home builders are warning real estate agents about imminent price increases.

At the beginning of November there were approximately 11,500 single family homes actively on the market that were not yet under contract. Today, less than 6 months later, there are only 5,074 active single family listings in the Las Vegas MLS. That's about a six week supply at the current rate of absorption.

This is a direct result of Assembly Bill 284, which effectively stopped the non

4,057 Views, 2 Comments

During the recent mortgage melt down, banks had suspended all foreign national financing except for Canadians buying second homes in the United States. But as of last week, foreign national mortgage financing is once again available for citizens of other countries wanting to buy vacation homes in Las Vegas.

Most Las Vegas mortgage lenders, like Bank of America and Wells Fargo, don’t have these programs available, but there are now a few smaller “rising star” lenders that have foreign national funding for second homes. The basic guidelines of the programs are as follows:

  1. Can only be for a second home, no investment properties
  2. Buyer cannot own any other property in the United States
  3. 30% down payment
  4. An international credit report with acceptable
2,898 Views, 0 Comments