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)
Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052
With over 30 years of experience helping families call Las Vegas "home!"
Related Blog Posts
Programs that help first-time buyers put down less than 10 percent of the purchase price have been around for many years. FHA, VA, and state and local housing programs are three of the best-known sources of loans ranging from 3.5 to 5 percent down. In recent years, some commercial lenders have offered mortgages as l...
Twenty years ago the Ray family had an incredible opportunity to leave Las Vegas and move to Southern California. But, after nearly two decades away, the pull of aging parents, children and even grandchildren grew strong enough for the Rays to reconsider a move back. So here was their new challenge, how do you come ba...
We’ve all seen the ads on TV. Our favorite celebrities from the 70s and 80s telling us how reverse mortgages are a great way to add to retirement and eliminate monthly mortgage payments. And for some people, they can be an attractive option to consider depending upon your own personal situation. But they definite...
I have the highest regard for most of my fellow Realtors. They are some of the hardest working (and most under-appreciated) people I know. But I have a real problem when a Realtor’s greed gets in the way of the client’s best interest. Those are the agents that give the rest of us a bad name. I got a call a couple o...
October 2017 Single Family Residential (SFR) closed sales were up 1.6% from September and up 13.2% compared to October 2016. Year to date 2017 closed sales are still up 9.8% over 2016. The median closed sales price of a SFR dipped to $263,000 while the average closed sales price of an SFR ju...