Dashboard

New Search X

Las Vegas Real Estate

Read articles on emerging market trends and the latest statistics from the local Las Vegas real estate market.

Found 93 blog entries about Las Vegas Real Estate.

 

There were 3,340Single Family; Condos & Town-homes closed transactions in December 2016.

That’s up by 224 closed transactions compared to November 2016. 

December 2016 #’s- Resale 2,972 -89% Short Sales 162 -4.8% REO 206-6.2%

November 2016 #’s- Resale 2,789 -89.5% Short Sales 128 -4.1% REO 199- 6.4%

 957 Cash Purchases (This is up by 122 from November)

 1,271 Conventional Financing (This is up by 107 from November)

 790 FHA Financing (This is down by 2 from November)

265 VA Financing (This is down by 9 from November)

52 Views, 0 Comments

 

Two master-planned communities in the Las Vegas Valley were among the top 10 nationally for home sales last year, a new report shows.

Builders sold 769 new homes in Summerlin in 2016, up 28 percent from 2015. Buyers also picked up 564 new homes in Inspirada, up 45 percent, according to real estate consulting firm RCLCO.

  Among U.S. master-planned communities — sprawling projects with housing, parks and other components — Summerlin was No. 5 for new-home sales and Inspirada was No. 7.

No other Las Vegas Valley community cracked RCLCO’s top-20 list, released Wednesday. The company said it would publish a list of the top 50-selling communities in the next few days.

 

Summerlin runs along the western rim of the Las Vegas

183 Views, 0 Comments


The Tonnesen Team is sponsoring a great upcoming charity event that will benefit children’s cancer. 

Kicking Cancer will be this Sunday, October 23rd beginning at 3pm.  It will be a fun game of FootGolf, which is soccer on the golf course.  There will be raffle prizes and food as well. 

Registration to Kicking Cancer will only be $20 as the proceeds will go directly towards the charity.  If you are unable to attend but would like to contribute, you may do so by emailing heroesfightcancer@gmail.com.  You may also pass the invitation to anyone else that would love to be a part of this great cause.

Every year, an estimated 250,000+ new cases of cancer affect children under the age of 20 worldwide. The Tonnesen Team has teamed up with Heartfelt

1,001 Views, 0 Comments

Save Your Cash for Christmas!

Money for Mortgage Loans in Las VegasBeen looking at homes for sale in Las Vegas, but just don't have any extra cash? If you or someone you know has been struggling to come up with the down payment and closing costs for a mortgage, we have great news. There is a new 1/2% down FHA loan that may be your answer. 

You could literally get into a home with no money at all! This new mortgage loan program is a combination of a 96.5% FHA first mortgage and a 3% second mortgage. The seller is allowed to pay all of the buyer's closing costs, AND the 1/2% down payment can even be gift funds from a relative or close friend. The interest rate is a little higher than the standard FHA loan, but you can have a non occupant co borrower to help you qualify. Basically this

6,402 Views, 0 Comments

We finally found a reputable lender with low fees and good rates that can do foreign national investor loans AND/OR loans on condo hotels. This is a "make sense" lender that can do portfolio loans outside the box. They have non warrantable condos and condo hotel financing for US citizens with 20% down payment, minimum $100k loan amount.

Below are some of the foreign national loan program highlights:

  • Minimum loan amount is $100k up to a maximum of $3M, though sometimes the lender can go higher on a case by case basis
  • They can do non warrantable condos or 1+ bedroom condo hotels as long as the condo hotel has a full kitchen
  • Down payment of 40% for vacation homes or 45% for investment properties
  • 90% financing available with their asset
30,555 Views, 0 Comments

The Greater Las Vegas Association of Realtors (GLVAR) reported on Thursday that Southern Nevada home sales increased in August despite the local housing supply continued to remain tight, making for a strong "sellers market" with multiple offers on the same property, a common scenario frequently frustrating buyers who don't have an experienced agent representing them.

GLVAR also reported the median price of existing single-family homes sold during August was $235,000, higher by almost 7% percent from one year ago !

GLVAR said the median price of local condominiums and townhomes sold in August was higher by 4.5 percent from $110,000 last year at this time.

According to GLVAR, the total number of existing local homes, condominiums and townhomes sold

358 Views, 0 Comments

Kids Moving to Las Vegas
School is finally out for the summer, and many families are relocating, both across country and within the same city. But often kids don't want to leave their friends or existing school. If you are relocating to Las Vegas or Henderson, NV , or if you are moving to a new home within Clark County, here are some tips for making the process go a little easier on the whole family.

 

Get the Kids Involved Searching Online

Kids Search for Homes in Las Vegas OnlineKids love to surf the Internet, and if you allow them some extra time online and make the search a family project, they will feel like they are helping to make the decision, which will make them feel better about moving and having some control of their lives.

  1. Most families start by looking checking out school zones in Las Vegas.
1,686 Views, 0 Comments

Now that you have seen the “Strip,” you may wonder if Las Vegas would be a great place to live.  As you start your research, know that the individual tax picture here is one of the lowest of anywhere in the U.S. You have probably seen articles about our great climate with more than 330 sunshine days a year. (That’s more than any place in the “Sunshine State.”) You may have read articles about Henderson, Nevada, being one of the safest cities in America to live. Have you wondered where Henderson is relative to Las Vegas? In real estate articles about the Las Vegas market you may have seen that Summerlin is the writer’s favorite area of Las Vegas for finding a home. Where is Summerlin relative to the famous “Strip,” where you found such exciting amenities

3,267 Views, 0 Comments

Las Vegas real estate is on the rise and is showing no signs of slowing down. The interest rates within the housing market have kept the city hopping and remaining in full form without ever skipping a beat.

These phenomenal interest rates have been the deciding factor in why so many people are getting themselves into great Las Vegas Homes for sale with spectacular deals. There are even many claims that this may very well be the biggest era of real estate that the region has ever seen.

Moving On Up –Vegas Real Estate Booming!

People who were only able to afford to live in apartments are now able to purchase their very own homes, and those numerous people who could only afford to live in extra small one-bedroom homes can now afford to live in

5,893 Views, 0 Comments

Las Vegas Mortgage Loan PaperworkIf you haven't tried getting a mortgage loan in the past five years or so, you will be shocked at how difficult and arduous the process can be these days, for even the best of borrowers with A+ credit. Stringent federal regulation and fear of costly penalties for even the smallest infraction have Las Vegas mortgage lenders on the edge of their chairs, making sure every "i" is dotted and "t" is crossed. Applying for a mortgage is very much like being pregnant and going through labor: It's a painful ordeal that seems to have no end, but once you are settled in your new home, you will gradually forget the pain and know that it was all worth it in the end.

Get Your Documentation Together

The mortgage lender will take an initial application from the

5,999 Views, 0 Comments