Photos from Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR
Eldorado & Lindell Subdivision is located near 215/JonesLocated in: Eldorado & Lindell (Las Vegas, NV)
I made over 200 comments on blog posts this past weekend and there sure are a lot of these posts out here! I am shouting it from the rooftops - NOT TO WAIT THIS TIME. With the expiration of the last one looming to be in contract on Nov 1 and closed by Nov 30, 2009.............there was a LOT OF LAST MINUTE buying fury and anxiety.
Here's the good news: Listings have gone up around 200 units.
Here's the bad news: We still only have 2.4 months of inventory = Seller's market = inventory is super slim pickins. 6 months is a stable market. We are on track for 3500-4000 units closing this month (phenomenal for November) so with that pace of closes, we still need 10000-15000 new active units put on the market to make this swing from a Seller to a Stable Market.
SO here's some sage advice if you are one of the lucky ones that qualify under the new tax credit's extended and expanded guidelines:
Save yourself some anxiety, DON'T WAIT UNTIL THE LAST MINUTE TO GO SHOPPING!!!!!!!!!!
You must be in a binding purchase contract by May 1, 2010 and you must close your purchase by July 1, 2010.
The REO (foreclosure) market is VERY low on inventory, it's tapped dry. Yes, inventory is coming on the shelves quickly but it is leaving in a fury of multiple bidding wars and going to the almighty cash buyer who can close quickly with less contingencies than a financed purchaser.
If you are financed you should consider your alternatives that have more inventory than REO (which may require a little more patience than bidding on 20+ homes!)
These alternatives are short sales and new construction. Contact me today and we can get you set up on several home searches in the resale market and I also have a tool that will deliver new home floorplans right to your email.
Short Sales and New Construction can take on average of 4-6 months to close
Financing the property after you are in a ratified contract can take 45-60 days!)
What are you waiting for? (If you are a first time buyer, you may also qualify for down payment assistance.)
Now there are absolutely no excuses for you to miss the deadlines!
Southern Highlands October 2009 Real Estate Resale Market Report (Homes For Sale/Pending/Sold):
Since Last Month: Listings are UP +4, Pendings are DOWN -2, Sold Units DOWN -2
The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Absorption is moving to the stable market territory at only 6.5 months of inventory. Solds have FINALLY gone from hovering the 200 unit mark and went over the 500 mark. I see improvement in this sector! Inventory has decreased (-116 units). Pending units have increased by +179 units. Solds have increased by +96 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Short Sales Currently Account for:
Read here for the most current Las Vegas Area Short Sale Report.
Read here for last month's report on Las Vegas Area Short Sales.
If you need to sell your home through the short sale process, you can either fill out the form on this page or you can call 702-966-2494 and press option 0.
Silverado Ranch October 2009 Real Estate Resale Market Report (Homes For Sale, Pending, Sold):
Since last month: Listings are UP +2, Under Contract DOWN -9, Sales are UP +15
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Renee has over 20 years of negotiating, sales and marketing experience to bring to your Las Vegas or Henderson NV Real Estate transaction. Full time w/ REO, Short Sale, Probate & Estate experience!
Renee has been a resident in Las Vegas, Nevada since 1997. She moved to the Southwest (Rhodes Ranch area) of the Las Vegas Valley in 2002. She has watched the area grow from desert to a thriving community.
Renee has over 20 years of customer service & sales experience so you can feel confident that she will handle each transaction with care and attention to detail!
Even if you are not thinking about buying or selling in the immediate future we provide a free, no obligation blog which contains useful information about: Las Vegas, NV Resale Statistics, Residential Building Permits, Economic Conditions and other news pertinent to our constantly changing real estate market! The information is designed so *you*, the consumer, can gauge when it is the right time to make your move!
We offer two ways to search available homes. One is our site provided from Greater Las Vegas Association of Realtors. It requires no registration and it is a little bit limited on search capabilities but it does now allow you to search for sold properties all the way down to the subdivision! New listings are not automatically sent to your email. Another is through Home Buyer's Scouting Report. HBSR does require registration (we won't bother you other than a weekly email with market conditions) and it allows you to search via maps and allows you to see addresses, directions, maps, neighboring schools. It also allows you to change your seach and be in control of your own home search! New listings are sent to your email as soon as they hit the market!
Renee is a full-time real estate professional with residental experience in, but not limited to: New Construction, Estate/Probate, Resort/Second Properties, Investors, Short Sale, REO & First Time Buyers.
All the Best,
Renee Burrows carries the SRES (Senior Real Estate Specialist) Designation and has Probate and Estate real estate experience. If you need a referral to a Probate or Estate lawyer, please contact me!
Seniors Real Estate Specialists® are REALTORS® qualified to address the needs of home buyers and sellers age 50+. The SRES® Council awards the SRES® Designation to those members who have successfully completed its education program.
By earning the SRES® designation, your REALTOR® has demonstrated necessary knowledge and expertise to counsel clients age 50-plus through major financial and lifestyle transitions involved in relocating, refinancing, or selling the family home. Your REALTOR® has received special training, gets regular updates, and is prepared to offer the options and information needed in making life changing decisions.
Renee offers free, no obligation, up to date resale market reports for the Sun Cities (age qualified communities) on her website.
Renee Burrows carries the SRS - Seller Representative Specialist Designation. The SRS designation is the premiere seller agency designation, conferred by the SRS Council, recognizing real estate professionals who have completed special education in seller representation.
Renee has employed many "out of the box" marketing techniques and stayed ahead of the crowd with changes in regards to internet marketing. Renee encourages her sellers to google her name vs the competition prior to listing their home. With over 80% of the buyers beginning their search on the internet, there is no such thing as too much internet exposure. After all, when listing your property, it is Renee's goal to net you the highest amount of money possible on your home sale.
At Home With Diversity® is an educational experience designed to present a picture of the changing face of the real estate industry. Renee holds this certification. She has learned how real estate professionals can increase their sensitivity and adaptability to future market trends. Additionally, she thrives as an effective service provider and community leader.
Renee remembers driving past the Rhodes Ranch area in the late 90's as it was being developed and wondered "who would
want to live out there?" Well back in 2000, only 913 people resided in zip code 89148. In 2006, the population in 89148 expanded to a whopping 36,536 residents! Obviously someone wanted to move out there and that includes Renee's family!
Renee prides herself for taking the time and visiting each model home while the developments were being built in the following developments: Vistana, the Falls, Canyon Trails, Sierra Madre, Durango Springs, Independence, Huntington, Esplanade & Rhodes Ranch.
The Rhodes Ranch/ Southwest Las Vegas, NV area has so much to offer, with so much still being developed:
Clark County Schools: One of the largest school districts in the country and constantly feeling the growing pains of a county that grows by 5-7,000 new residents each month!
Clark County, Nevada Website: Many people do not understand that Las Vegas, NV is only a small city within the valley of homes that they see from the airplane. Much of Clark County within the valley is unincorporated. Henderson & North Las Vegas are cities located within our valley.
Las Vegas Municipal Police Department provides an online service called "crimeview community" ~ it is a great resource to check crime stats prior to picking out the new community you want to live in!
The Valley experiences many growing pains and one of them is traffic. The 215 "Bruce Woodbury" Beltway is being built as a ring around the valley to help alleviate traffic.
Plagiarism Reminder: All of my blog posts are original. Do not copy without written permission from Renee Burrows.
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