January 2014

There are 6 blog entries for January 2014.

Bank Owned Properties in Las Vegas available for sale increases 29% from last year

Monday, January 27th, 2014 at 2:40pm. 1685 Views, 1 Comments.

Inventory of Bank Owned Homes for Sale Goes Up

After a year or two of Bank Owned Homes available for sale in the Las Vegas area consistently going down, the latest report of Bank Owned Homes available for sale on the Greater Las Vegas Multiple Listing Service (MLS) shows a year over year increase certainly worth talking about.

With a current total of 703 properties that are bank owned currently available for sale, this is a 29% increase from the Bank Owned Las Vegas Homes for sale report on 01/16/2013 and the highest numbers seen since 03/01/2012.

Bank Owned Las Vegas Homes for Sale Tracking Report since 05.14.2007

(*Areas 101 - 606 on the Las Vegas MLS which includes Las Vegas, Henderson and North Las Vegas.)

Bank Owned Properties Available for Sale by…


First Time Homebuyers getting Crushed by All Cash Offers

Saturday, January 25th, 2014 at 4:51pm. 5586 Views, 1 Comments.

Percentage of First Time Homebuyers drops Significantly

I've always thoroughly enjoyed working with first time homebuyers that listened. They overwhelmingly turn out to be very loyal long-term clients that send plenty of referrals my way which has basically meant that I don't have to waste money on self promotion advertising and pasting my face all over bus signs, third- party websites, etc. with a cheap slogan such as being "The Pope of Real Estate".. Lol.

Basically, my advertising expenses are spent on actually selling homes that I list for sale. Pretty sure If you are reading this, you've seen cheesy real estate agent advertising before. Ugh.

All Cash Offers Crushing First Time Homebuyers

I've recently noticed that it seems as if the first time homebuyer…


Desert Shores Home Values - Northwest Las Vegas Real Estate Trends

Tuesday, January 21st, 2014 at 11:08am. 1747 Views, 0 Comments.

Desert Shores Home Values

Desert Shores Homes in Northwest Las VegasA Master planned community in Northwest Las Vegas planned in the 1980's, Desert Shores has always been one of those communities that can be a challenge for novice real estate buyers and even Las Vegas Real Estate agents in properly determining a home's market value. Third party Non Realtor sites that do automatic online evaluations are normally completely way off wrong about a home's estimated market value in Desert Shores.

Some of the Reasons for this:

Homes with Lake Frontage. These obviously have a premium built into the price for one of a kind real estate in Las Vegas and can really throw off the numbers if they are included in home value evaluations.

Inexperienced real estate agents that list homes for sale in neighboring…


Time to Sell My Las Vegas Home? - Las Vegas Real Estate Values and Trends

Monday, January 13th, 2014 at 3:01pm. 2676 Views, 2 Comments.

Is it time to start thinking about selling those Las Vegas Investment Homes?

Receive a Complimentary Las Vegas Home Value Market Analyis.For those that understand the numbers and were smart enough to purchase Las Vegas real estate back in 2010 / 2011 when it made absolute complete financial sense and have now seen the equity in their Las Vegas Homes go up in value double digits per year since, it might be time to start considering cashing out and moving on to bigger and better investments.

Everybody has different real estate investment goals so apply the following observations accordingly. For straight out detailed investment property evaluations for specific Las Vegas Homes, please visit my Las Vegas Home Value analysis page. In the more details comment section let me know that it is a rental home, what your…


Shadow Inventory drops to lowest levels since August of 2008

Friday, January 10th, 2014 at 1:07pm. 1032 Views, 2 Comments.

Shadow Inventory for the Nation drops to the lowest levels seen since August 2008

The dreaded "shadow inventory" numbers that have have been the big "what if" factor when deciding if it's the right time to purchase a home continues to drop and is now at the lowest levels seen since August of 2008 according to Corelogic.

Residential shadow inventory, as of October 2013, was 1.7 million homes, a supply of 3.5 months, down 43 percent from its peak of 3 million in January 2010. This figure represents a 24 percent drop from October 2012, when it stood at 2.3 million homes. The number of properties in the shadow inventory has decreased for 21 consecutive months, including 13 consecutive months of double-digit year-over-year declines, and is now at the lowest…


Las Vegas Association of Realtors releases 2013 Housing Numbers

Wednesday, January 8th, 2014 at 11:24am. 2055 Views, 5 Comments.

Traditional Las Vegas Home Sales Nearly Double

Las Vegas Housing ends 2013 the way it started - LVRJ by Jennifer Robison 01/08/2014

Home for Sale in The Ridges in SummerlinFrom the Article:

The Greater Las Vegas Association of Realtors reported Tuesday that single-family resale homes cost a median of $185,000 in December, up 24.2 percent from $149,000 in December 2012. The median among existing condos and townhomes was $96,000, up 26.3 percent from $76,000 a year earlier.

Really no surprise as inventory available for sale remained low and the predictions from some Las Vegas Real Estate Agents warning about a flood of bank owned inventory hitting the market and lowering prices never materialized. Las Vegas Bank Owned Homes up for sale has remained at low levels for several months now, lower then at…