Henderson, NV

Lake Las Vegas is situated in Henderson off of East Lake Mead Pkwy.  It is literally the last stop before Lake Mead National Recreation Area.

The community is beautifully landscaped and one of the greener & lush communities I have ever seen in the Las Vegas Valley.    One of the finer rarities that Lake Las Vegas boasts is it's 320 acre lake.

Lake Las Vegas is truly a desert gem and resort living that offers every type of housing from condominiums to luxury custom homes.

The community also boasts a golf course, gaming properties, several AAA 4 diamond rated hotels, shopping & restaurants in the incredible Montelago Village, spas, fly fishing and watercraft rentals.

Miles of paved trails are surrounding the lake for biking, walking or jogging.

There is even a stage in the lake for concerts and recurring events such as the summer Saturday "Jazz on the Lake".   Click here for the event calendar.

Whether you are a tourist or a Las Vegas Area resident, it is definitely worth a trip out to this little desert oasis!

Even though bank owned listings (aka Foreclosures, REO) are seeing an upward tick in absorption, it is still a seller's market! Inventory has risen dramatically (+2047 units), Pendings have dropped -202 units Closing data is up up UP at + 225 units. Even though sales are increasing month to month, inventory is rising at an uncontrolled pace which is causing the absorption rate to rise also. No Inventory change reports available for this month due to last month's report being pulled a month later than usual.

Multiple offers are streaming in as banks continue to lower to fire and auction sale prices.

Current Listed Bank Owned Statistics:

• Listings (11/14/2007): 7273
• Under Contract (11/14/2007): 3600
• Sold 9/29-10/29/2008: 2369
• Absorption Rate: 3.1 Months

View Last Month's Report Here

To find the most recent report, click here

If you are thinking about buying an REO (Foreclosure or Bank Owned) property in the Las Vegas Area Please Call: 702-966-2494:

• Option 1 if you are a Buyer wanting to purchase REO Property.
• Option 3 if you are interested in Financing your REO Property (including down payment assistance for first time buyers)
• Option 4: Para español presione el cuatro.

Burrows Group is proudly affiliated with and brokered by Nevada Realty Solutions, LLC. NVRS is one of the top listing and sale brokers for both REO and Short Sales. While we are not given preferential treatment for any in-house listings, we do have a distinct advantage when we work with REO and Short Sale buyers.

The opinions expressed in this article are those of Renee Burrows and not necessarily those of NVRS.

All statistical information I used to create this report was obtained from GLVAR MLS. Information Deemed Reliable but not Guaranteed.

Las Vegas, NV Area First Time Buyers to All Cash Investors: Does it Make Sense to Buy a Home Right Now?

Can you own for less than renting? Can you own a rental and see a decent monthly return on your investment?

Weekly feature w/ 4 homes in different areas of the valley designed to help people from first time buyers to all cash investors to see if the numbers make sense!

Address: 7856 Soda Canyon

• Features: SW Las Vegas: 2 Car Garage, 3 Bedrooms
• Price: $124000
• Rental Comps: $1100-1200*
• Estimated FHA Monthly Payment: $1082**

Address: 2104 Lost Maple

• Features: East Las Vegas: 3 Bedrooms, Private Backyard, Open Floor Plan
• Price: $94,900
• Rental Comps: $1000-1100*
• Estimated FHA Monthly Payment: $798***

Address: 9821 Silver Dew

• Features: South, Silverado: 2259 Sq Ft, REO, Covered Patio
• Price: $229000
• Rental Comps: $1600-1700*
• Estimated FHA Monthly Payment: $1743****

Address: 1025 Evening Fawn

• Features: North Las Vegas: 2415 Sq Ft, Large Lot!
• Price: $159000
• Rental Comps: $1450-1550*
• Estimated FHA Monthly Payment: $1319*****

*Rental Price: Comparable range based on terms. Lower end rental price = more conservative lease terms based on best credit and 1 year + lease. Higher end rental price = more liberal lease terms with OK credit, pets allowed and shorter than one year lease terms. All prices based on date of this post. Comparable rental range is not net, it does not factor in the price of repairs, holding costs, property management fees, etc. I will be happy to send you the rental comps via email. Simply request "rental comps for at email address: Renee@ReneeBurrows.com.

** $124000 $39 HOA taxes $2754

• Loan Amount $122,385
• Rate ******6.00% APR = 6.620%(with 1 point)******
• Principle and Interest = $734
• FHA Mortgage Insurance = $56
• Est Taxes = $208
• Est Homeowners Insurance = $45
• HOA = $39
• Total Payment = $1082

*** E $94,900 $31 HOA taxes $1402

• Loan Amount $93,664
• Rate 6.00% APR = 6.720%(with 1 point)******
• Principle and Interest = $562
• FHA Mortgage Insurance = $43
• Est Taxes = $117
• Est Homeowners Insurance = $45
• HOA = $31
• Total Payment = $798

**** $229,000 $10 HOA taxes $2754

• Loan Amount $226,017
• Rate 6.00% APR = 6.720%(with 1 point)******
• Principle and Interest = $1355.09
• FHA Mortgage Insurance = $104
• Est Taxes = $208
• Est Homeowners Insurance = $45
• HOA = 10
• Total Payment = $1743

***** $159,000 $40 HOA taxes $2433

• Loan Amount $156,929
• Rate 6.00% APR = 6.440%(with 1 point)******
• Principle and Interest = $959
• FHA Mortgage Insurance = $72
• Est Taxes = $203
• Est Homeowners Insurance = $44
• HOA = 40
• Total Payment = $1319

******Rates are as of 11/18/2008 and based on a 30 year fixed FHA loan on approved credit and income qualifications. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. Call for financing details 702-966-2494 option 3.

All properties listed here are brokered by Nevada Realty Solutions, LLC. Call 702-966-2494 option 1 (Para español presione el cuatro) for more information on properties.

Also check with your tax advisor for the potential tax benefits of owning a home.

Grant and Bond 100%, Zero Money Down Opportunities for First Time Buyers.

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Good news for residents and future buyers at Lake Las Vegas Resortin Henderson NV. With the Lake Las Vegas Resort masterplan in bankruptcy, there was some doubt that much needed repairs would be done to the pipes underneath the lake. Without these repairs, the lake could have become an empty hole, and devastating to property values in the posh resort.

Concern about the bankuptcy, needed pipe repairs, and plentiful foreclosures on brand new condos at V, and other projects at the resort, have caused property values at Lake Las Vegasto suffer some of the most drastic declines of any Las Vegas & Henderson NV real estate.

Repair Work Has begun on the Underwater PIPING - Click to Read the News

Interested in info on the great foreclosure deals on homes at condos at Lake Las Vegas?

Contact the STARK TEAM

702 376-5220

ww.Lakelasvegas-realestate.com

Green Valley Ranch, the community and the Casino Resort of the TV show American Casino fame, are located in south central Henderson, NV to the southeast of the Las Vegas Strip. It's a Master Planned Community that offers a variety of home choices along with commercial and mixed use for shopping and services. It has convenient access to the 215 beltway, with McCarran International Airport, I 15 south to California, and 93 and 95 to Lake Mead, Lauglin, and AZ just minutes away.

I should also mention that there are some that generally call Henderson, 'Green Valley'. Actually there are 3 areas within Henderson that are Green Valley. If you look at the map below you'll see Green Valley Ranch shaded in medium blue. It lies mostly to the south of the 215 Beltway, with a small residential spur on the west side and a commercial area near the center that extends to the north. Above it you'll find Green Valley South Legacy in purple and the Golf Village section in gold. If you go further north, the Silver Springs community separates Green Valley North in red, from the others

There are a number of neighborhoods located within Green Valley Ranch, with trails and parks in various locations. At Paseo Verde and Green Valley Pkwy you'll find the Henderson Pavilion for outdoor entertainment, the Multigenerational Recreation Center, and the Paseo Verde Library that also have great views of the Las Vegas Strip. Just across the street is the Shopping and lofts of The District that is adjacent to the Green Valley Ranch Resort.

The pictures will give you a glimpse of the some of the homes, neighborhoods, parks, and trails you'll find in Green Valley Ranch, as well as some of the commercial, entertainment, and views of this wonderful community. To see the pictures full screen, instead of using PLAY, click the HD / Full Screen button on the bottom of the player below, and when finished click it again or use the ESC key to return.

Can't see the XML Flash player embedded in the current posting? To view this and all my other Las Vegas slideshows, including some of the interesting neighborhoods and events found in and around the Las Vegas Valley, CLICK HERE.

If you are interested in relocating to Las Vegas or would like information on Las Vegas real estate, please email me, Roberta LaRocca, at roberta@search4lasvegashomes.com, or call me at 702-354-8988. I look forward to hearing from you!

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