March 2014

There are 5 blog entries for March 2014.

Las Vegas Bank Owned Properties for sale declines another 10.8%

Monday, March 31st, 2014 at 12:56pm. 4345 Views, 1 Comments.

Bank Owned Properties for Sale in Las Vegas drops 10.8% month over month

Las Vegas area Bank owned properties for saleSpeculation that the lenders will be dumping Bank Owned properties on the Las Vegas market for sale continues to not materialize as once again, the available amount of Bank Owned properties in the Las Vegas area drops month over month.

In the February Bank Owned Report, available inventory dropped 3.41%. Compared to last month, Bank Owned Inventory available for sale on the Las Vegas Multiple Listing Service (MLS) has dropped another 10.8% with the only increase coming in condominiums.

Bank Owned Properties in the Las Vegas Area available for sale

** Numbers are from the Las Vegas MLS for areas 101-606 which includes Henderson, North Las Vegas, Las Vegas and Summerlin.

 Single Family

Las Vegas Home Sales in Zip Code 89128

Friday, March 21st, 2014 at 10:32am. 4241 Views, 0 Comments.

Las Vegas Home Sales in Zip Code 89128 - Northwest Las Vegas Real Estate

Las Vegas Zip Code 89128 BoundariesLas Vegas Homes in Zip Code 89128 includes the Master Planned Communities of Desert Shores, South Shores and The Pueblo Village in Summerlin.

For February of 2014, the Year over Year Median Sale Price was up 27%, Total Sales were down 21.7% and the Median Sale Price went down 3.5% from January of 2014.

Information is from the Greater Las Vegas Multiple Listing Service (MLS) and is deemed reliable but not guaranteed. The information below is for Single Family detached homes in Las Vegas Zip Code 89128 and does not include For Sale by Owners, Townhomes or condominiums. For a specific Las Vegas Home Value market evaluation, please contact Paul Francis at 702.592.3058.

There were 36 reported…


Summerlin West Homes Market Report - Northwest Las Vegas Real Estate

Friday, March 14th, 2014 at 10:30am. 4384 Views, 0 Comments.

Summerlin West Homes Market Report - February 2014

The Vistas Village Clock Tower in Summerlin WestMedian sales price for Summerlin West Homes goes up 24% year over year, Median Days available for sale increases 115%. Summerlin West Home Sales are down 48% from February of 2013.

Information is from the Greater Las Vegas Multiple Listing Service (MLS) and is deemed reliable but not guaranteed. The information below is for Single Family detached homes in Summerlin West Las Vegas Zip Code 89138 and does not include For Sale by Owners or condominiums in Summerlin West. For a specific Summerlin West Home market evaluation, please contact Paul Francis at 702.592.3058.

For February of 2014, there were 15 reported closed sales in Summerlin West. Of these 15 homes:

  • 13 Were Traditional Sale
  •   1 Bank Owned Home Sold
  •   1…


Desert Shores Market Report - Northwest Las Vegas Homes Report

Tuesday, March 11th, 2014 at 7:02pm. 3352 Views, 0 Comments.

Desert Shores Market Report - February 2014 Sales

Desert Shores Homes for Sale in Las VegasMedian Sale Price increases 15% year over year, declines 13% from January of 2014. Median Days Desert Shores Homes Available for sale goes up 900% year over year.

*Information is from the Greater Las Vegas Multiple Listing Service (MLS) and is deemed reliable but not guaranteed. The information below is for Single Family detached homes in Desert Shores and does not include For Sale by Owners or condominiums in Desert Shores. Desert Shores homes not properly classified in the Desert Shores community on the Las Vegas MLS may also not be included in this report. Homes in South Shores miscategorized as being in Desert Shores were removed.

For February, there were a reported 10 closed home sales in the Desert…


Corelogic Reports 30.4% of Nevada Homes with a Mortgage are Underwater

Saturday, March 8th, 2014 at 3:44pm. 5119 Views, 0 Comments.

Latest Corelogic® Equity Reports 30.4% of Nevada Homes with a Mortgage have Negative Equity

From the News Release: Corelogic Reports 4 Million Residential Properties Returned to Positive Equity in 2013

Nevada had the highest percentage of mortgaged properties in negative equity at 30.4 percent, followed by Florida (28.1 percent), Arizona (21.5 percent), Ohio (19.0 percent) and Illinois (18.7 percent). These top five states combined account for 36.9 percent of negative equity in the United States.

Key Phrase: Mortgaged Properties.

Another report where Nevada is ranked #1 in Negative Equity for homeowners with a mortgage. I follow all of the housing reports for Las Vegas and Nevada to keep on top of what trends may be coming up. My opinion but I think Corelogic®…