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Sun City Anthem is an age-restricted community of one-story homes, from 1,080 to over 4,000 square feet, built from 1999 to 2008. For more information, or to buy or sell a home in Sun City Anthem, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
| Sales Activity from Oct 1 - 31, 2009: | |
| Homes Sold: | 32 |
| Median Price: | $226,900 |
| Average DOM: | 57 |
| Existing Inventory: | |
| Homes for Sale: | 136 |
| Price Range: | $127,900 - $1,299,000 |
| Under Contract: | 68 |


Here are the details of the October, 2009 sales for homes in Sun City Anthem:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Notes |
| 2249 Savannah River | 2908 | 3/4 | $499,900 | $465,000 | 46 | |
| 2940 Foxtail Creek | 1917 | 2/2 | $399,999 | $393,500 | 85 | |
| 2546 Portsmouth Creek | 2546 | 3/3 | $445,000 | $388,000 | 4 | Bank owned |
| 1605 Wellington Spring | 2536 | 2/3 | $398,500 | $380,000 | 15 | |
| 2123 Cotton Valley | 2708 | 3/4 | $332,900 | $361,000 | 7 | Bank owned |
| 1627 Clarksville | 2592 | 2/3 | $365,000 | $354,000 | 9 | |
| 2171 Clearwater Lake | 2638 | 2/3 | $355,000 | $343,500 | 108 | |
| 2360 Hardin Ridge | 2037 | 2/3 | $359,000 | $340,000 | 132 | |
| 3062 Sumter Valley | 2337 | 3/3 | $319,900 | $310,000 | 9 | |
| 2120 Savannah River | 2096 | 2/2 | $310,000 | $297,247 | 83 | Short sale |
| 2493 Black River Falls | 2096 | 2/2 | $299,000 | $287,000 | 43 | |
| 2183 Savannah River | 2401 | 2/2 | $275,900 | $275,900 | 25 | Bank owned |
| 2234 Frost | 2012 | 2/2 | $299,000 | $275,000 | 7 | |
| 2605 Dearport | 1610 | 2/2 | $274,000 | $250,000 | 495 | |
| 2241 Valley Falls | 1836 | 2/2 | $249,000 | $228,800 | 13 | |
| 2279 Potter Lake | 1524 | 2/2 | $239,000 | $225,000 | 145 | |
| 2590 Highmore | 1632 | 2/2 | $229,000 | $224,000 | 16 | |
| 2844 Meadow Park | 1993 | 2/2 | $234,500 | $223,100 | 20 | Short sale |
| 2553 Evansville | 1715 | 2/2 | $225,000 | $221,000 | 14 | |
| 2608 Langford | 1524 | 2/2 | $225,000 | $220,000 | 53 | |
| 3024 Canal Walk | 1482 | 2/2 | $219,900 | $200,000 | 72 | |
| 2253 Valley Falls | 1836 | 2/2 | $197,900 | $199,900 | 37 | Bank owned |
| 2140 Sawtooth Mountain | 1712 | 2/2 | $185,000 | $185,000 | 21 | Bank owned |
| 2871 Goldcreek | 1482 | 2/2 | $184,500 | $180,000 | 1 | |
| 2207 Idaho Falls | 1496 | 2/2 | $169,900 | $180,000 | 14 | Bank owned |
| 2636 Harrisburg | 1512 | 2/2 | $199,925 | $179,950 | 143 | |
| 2135 Sawtooth Mountain | 1712 | 2/2 | $209,900 | $178,000 | 57 | Short sale |
| 2722 Grand Forks | 1512 | 2/2 | $189,900 | $174,000 | 36 | Short sale |
| 1640 Wellington Spring | 1508 | 2/2 | $157,900 | $145,000 | 48 | Bank owned |
| 2535 Libretto | 1160 | 2/2 | $165,000 | $140,000 | 29 | |
| 2138 Cedar Valley | 1080 | 2/2 | $127,500 | $125,450 | 22 | Bank owned |
| 2507 Capriccio | 1112 | 2/2 | $133,000 | $107,890 | 17 | Bank owned |
(GLVAR deems information reliable but not guaranteed. Properties listed and sold by various MLS participants. Sale Price adjusted for any seller contributions. DOM = Days on Market)
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Las Vegas real estate agents and homeowners alike are celebrating the news! It looks like the first time home buyer tax credit will be extended through April 30th of 2010, and more buyers than ever before are now eligible to take advantage of the new credit guidelines. Income caps have been raised from $75,000 to $125,000 for individuals, and from $150,000 to $225,000 for couples. In addition, move up homeowners are going to get a piece of the pie as well. Any homeowner who has owned his home longer than five years can get up to a $6500 credit on the purchase of a new principal residence. (The credit is available for the purchase of principal homes costing less $800,000, and vacation homes do not qualify for the credit.)
So what does that mean for the local market? The inventory of Las Vegas homes for sale has already dwindled dramatically in the third quarter of 2009, with less than 8,500 single family homes on the market at the end of October, down from a high of over 25,000 in October of 2007. Price decreases of more than 50% in the market lured investors back into circulation during 2009, and first time homebuyers, squeezed out during the boom, took advantage of affordable pricing. Competition for Las Vegas foreclosures has been fierce, with multiple offers submitted on properties under $250,000. (One property received a record 75 offers in less than three days on the market!)
One of the most frustrating aspects of the market during the past year, for both buyers and agents, has been trying to get an offer accepted. With more than 80% of the properties for sale being either bank owned foreclosures or short sales, the process has been arduous to say the least. Many buyers on short sales have waited over 6 months waiting for bank approval only to have the short sale package denied or to find out that the bank had foreclosed on it, even though there was a valid contract in escrow. And in some cases the sellers have "disappeared" prior to closing since they are getting no money out of the sale. Most buyers have had to put in more than a dozen offers on properties before finally getting one accepted. Plus the banks are writing all the rules. Negotiators are requiring full preapprovals from Las Vegas mortgage lenders before they will even consider an offer. And buyers are taking homes in "as is, where is" condition with no repairs made and no warranties or recourse against the sellers.
With any luck the new tax credit for move up buyers will stimulate "real sellers" to put their existing homes on the market. They will be pleasantly surprised to find that they are able to command more money for their homes than the bank repos and short sales, as frustrated agents and buyers will be zeroing in quickly to claim a "normal" transaction without all the headaches and hoops of the repos and short sales. Higher sales prices for homes should stabilize the market as well, and may even lead to increases by the time spring buying season rolls around. So break out the champagne and the paint brushes!
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I have been recently informed that Phase 1 can now take up to 15 days!! It has been a 10 day process.
So much for improvements and getting them closed sooner.
Phase 2 still up to 30 days.
I've noticed a lot of problems in the last 30 days at BOFA, negotiators disappearing, files being to new negotiators, negotiators not responding to emails or calls, saying short sales are open then saying oops not in the system, etc..
My recent negotiators for my Las Vegas Short Sale recent Short Sale negotiators were great at responding in a timely fashion,,,wish I could get them on all my files!
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RISMEDIA, November 6, 2009-After the Senate gave final approval last night without a dissenting vote, the House of Representatives voted overwhelmingly this afternoon to pass legislation containing an extension and expansion of the homebuyer tax credit, completing Congressional action and sending the tax credit to President Obama for his signature, possibly as early as tomorrow.
The $8,000 homebuyer tax credit for first-time buyers, due to expire in 25 days, will be extended through April 30 of next year and buyers will have an additional two months, until the end of June, to close. First-time buyers who are in the process of making a purchase will no longer need to worry about qualifying for the $8,000 credit if they close after the November 30 deadline. The new legislation increases the income limit for couples with income up to $225,000, a nearly $55,000 increase above the level in existing law.
For the first time, the new legislation makes buyers who already own a home eligible for a credit. A $6,500 maximum credit will be available to existing homeowners who have lived in their current residence for five of the prior eight years. The legislation limits eligibility for the existing homeowner credit to homes worth $800,000 or less.
Certified Short Sale Professional 
Dawn Barrier Century 21 Aadvantage Gold
2 offices to serve your needs (North and South)
Las Vegas, Nv
(702) 812-4550
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Aaron Auxier goes for a Halloweeny walk through Luxor on the Las Vegas Strip.
Vegas' most famous real estate agent Aaron Auxier goes for a Halloween time walk through Luxor on the Las Vegas Strip. From haunting the hallways to showing you Criss Angel's Lamborghini just creeping out, Aaron shares why the Las Vegas Strip and Nevada as a whole is the greatest city in America.
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