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**ACTIVE Las Vegas Real Estate Inventory Sees a Rising Slowdown!**
Active Las Vegas Residental Resale MLS Inventory has risen for 7 straight months but experienced a slowdown in December. This is mainly due to first time buyers exhausting the market due to their tax credit expiring - this is not due to the shadow inventory fairy bringing us more inventory!
Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post.
Las Vegas Area Real Estate Market Watch was created for informational purposes only.
This is for all the buyers wondering "where is the inventory"? The inventory is here, this graph shows that buyer interest is extremely high and gobbling up all that new inventory coming online!
This is also for people saying "shadow inventory exists"! Well I believe it exists but it also exists in Las Vegas short sales which has tripled to quadrupled it's formerly stagnant close ratio since late spring.
These are Listing/Under Contract & Pending/Sold Trends from December 2007-December 2010.
Contracted closings are stalled because of the large amount of Las Vegas short sales that are contracted. Inventory rise is directly related to the tax credit expiring.
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Heatherstone in Green Valley - Henderson NV
For more than twenty years, home buyers have been drawn to the neighborhoods and amenities of Henderson Nevada's first master planned community, Green Valley. Heatherstone, by Coleman Homes, is a smaller development of just seventy seven residences.
Built from 1993 to 1995, the Heatherstone floor plans range from a one-story, 4 bedroom, 2.5 bath, with 2,363 square feet to a 5 bedroom, 3 bath, two-story model that is 3,405 square feet. All homes have three-car garages, and fifty one have pools. Lot sizes range from 6,390 square feet to nearly one half acre, with thirty six homes having lots larger than 8,000 square feet.
Perhaps the best feature of Heatherstone is its location within the Green Valley master plan. Mountain View Park and Selma Bartlett Elementary school are within a quarter mile. The Legacy Golf Club, (18 holes, 7,233 yards) is just one mile away. Paseo Verde Library is two miles south on Green Valley Parkway, or head four miles north to the Green Valley Library. Shopping, dining, entertainment and recreational activities are minutes away at The District at Green Valley Ranch, Henderson Pavilion, and the Henderson Multigenerational Center.
All public schools in Henderson are part of the Clark County School District. Homes in Heatherstone are zoned for these schools for the 2010-2011 academic year: Selma Bartlett Elementary, Barbara & Hank Greenspun Junior High, and Coronado High School.
Getting to Heatherstone:
From the 215 Beltway, exit on Green Valley Parkway heading north. Turn right on Wigwam Parkway. You will pass Mountain View Park on the right, then turn right on Willow Wisp Terrace into Heatherstone. View map.
To find out more about homes at Heatherstone in Green Valley, call me any time at (702) 339-9700 or email me at JohnNovak@kw.com. Whether you're buying or selling, I'm ready to help with your Green Valley real estate needs!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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