Nevada

Mountain's Edge December 2011 Real Estate Resale Market Report:

• Listings (1/15/2012): 206
• Under Contract (1/15/2012): 311
• Sold December 2011: 88

Since Last Month: Listings are DOWN -4, Pendings are UP +1, Sales are UP +1

Last Month's Mountain's Edge Market Report

View Mountain's Edge Homes For Sale Here (Updated Daily)

More Information on Mountain's Edge Real Estate Here

More Las Vegas Communities Here

Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.)

Units Leased:

• December 2011: 2114
• November 2011: 2290
• October 2011: 2399
• September 2011: 2535
• August 2011: 2750
• July 2011: 2396
• June 2011: 2485
• May 2011: 2376
• April 2011: 2342
• March 2011: 2307
• February 2011: 2253
• January 2011: 2002
• December 2010: 1889

Average Monthly Rental Rates:

• December 2011: $1307
• November 2011: $1328
• October 2011: $1355
• September 2011: $1279
• August 2011: $1422
• July 2011: $1434
• June 2011: $1765
• May 2011: $1257
• April 2011: $1207
• March 2011: $1497
• February 2011: $1501
• January 2011: $1449
• December 2010: $1563

Median Monthly Rental Rates:

• December 2011: $1095
• November 2011: $1095
• October 2011: $1100
• September 2011: $1145
• August 2011: $1125
• July 2011: $1125
• June 2011: $1150
• May 2011: $1150
• April 2011: $1100
• March 2011: $1100
• February 2011: $1100
• January 2011: $1100
• December 2010: $1100

Las Vegas Area remains a Landlord's Market in the Rental Sector for the Las Vegas Valley.

How to check to see if the home you are renting is in default

Last Month's Las Vegas Area Rental Home Report

How to Rent a Home in Las Vegas - Fill Out the Form on this page to rent or ask for property management services.

Search for Rental Homes:

• Las Vegas Rental Homes and Condos
• Henderson Rental Homes and Condos
• North Las Vegas Rental Homes and Condos

There were a total of 789 properties that sold in the community of Green Valley in Henderson. The highest sale price was $999,999 and the lowest sale price was $27,000. The highest days on the market was 630 and the lowest days on the market were 0 with the median days on the market at 40.

If you would like to search all Green Valley properties for sale please go to our website that includes powerful searches of all single family homes,condos, townhomes,high-rises,land,foreclosures,short sales on one easy to navigate site.

Team Jenkins

There were a total of 282 properties that sold in the community of Green Valley Ranch in Henderson. The highest sale price was $1,850,000 and the lowest sale price was $53,500. The highest days on the market was 651 and the lowest days on the market were 0 with the median days on the market at 35.

If you would like to search all Green Valley Ranch properties for sale please go to our website that includes powerful searches of all single family homes,condos, townhomes,high-rises,land,foreclosures,short sales on one easy to navigate site.

Team Jenkins

Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.

Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)

Condo financing is currently a challenge in the Las Vegas Area. Lenders want to see low investor concentration, low HOA deliquencies and no construction defect or other litigation against HOA or community. To determine if a condo is eligible for financing, a condo certification may be ordered from the HOA (this does cost money) and have it run by an underwriter.

Whether you are all cash or a financed buyer, you can search Las Vegas Area (Henderson & North Las Vegas too) homes right here for free and no obligation!

View other REO Stats for the Las Vegas Valley!

Last Month's Las Vegas Area REO Financing Profile Report

Learn More About Buying Las Vegas REO

What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?

General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?) It means that I cover the cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.

View More FAQ About My Las Vegas Area Real Estate Market Reports.