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Las Vegas, NV Area May 2009 High Rise Inventory Update

07-02-09
Renee Burrows - Las Vegas NV. ASK ABOUT -1st Time Buyer Down Payment Assistance!
Renee Burrows - Las Vegas NV. ASK ABOUT -1st Time Buyer Down Payment Assistance!: Real Estate Agent in Las Vegas, NV
  • view my blog
  • Office: (702) 966-2494 x0
  • Mobile: (702) 966-2494
  • Secondary: (702) 966-2494

Las Vegas Area High Rise Rental Statistics

Rentals:

  • 254 Listed 6/15/2009
  • 19 Under Contract 6/15/2009
  • 51 Leased May 2009
  • 5.0 Months Inventory

Las Vegas Area High Rise Resale Statistics

Resales:

  • 764 Listed 6/15/2009
  • 89 Under Contract 6/15/2009
  • 38 Closed May 2009
  • 20.1 Months Inventory (=1.7 years) Still bad but significant improvement over last several months!

This Market is extremely volatile due to the boutique nature and lack of financing. Read last month's report here.

This report is compiled by using data from the GLVAR MLS. Data is gathered by the "VERTICAL" field and the "RESIDENTIAL" field using "CON" as subtype and "HIGHRIS,LOFTLIV,PENTHSE" equals any for building description. Information is deemed reliable but not guaranteed.

Read the most current market report for the Las Vegas High Rise Sector right here.

If you are thinking about buying or renting a high rise condominimum in the Las Vegas area, please call 702-966-2494. Press 1 if you are a buyer or press 2 if you are a renter. For financing options press option 3. For selling or leasing/property management press option 0. We will not list condos that have not yet closed with the builder or are not interested in contract reassignments. Para español presione el cuatro.

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July Real Estate Update from Julia St. Marie at Realty One

07-02-09
Julia St. Marie, ABR, RRG, RSPS
Julia St. Marie, ABR, RRG, RSPS: Real Estate Agent in Las Vegas, NV
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  • Office: (702) 898-0101
  • Mobile: (702) 355-4663
  • Secondary: (702) 355-HOME

July Real Estate Update from Julia St. Marie at Realty One

Here is a link to my "July Real Estate Update":
http://realtytimes.com/128/JuliaStMarie

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:

"The Contract Offer: What Price to Start With";
"Campaign To Extend and Expand Housing Tax Credit";
"Going Green May Help Sell Your Home";
"Housing Starts Are Up Again";
"Selling Your Home May Be Influenced by What Buyers Can't See";

Plus a roundup of June real estate activity as well as much more advice and information.

Should you or your friends/family have any Las Vegas Real Estate needs or questions, please feel free to contact me.
Thanks and have a great day! Julia St. Marie :)
http://realtytimes.com/reuv/LVrealEstateLady
Video Newsletter

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Exit Realty Imoti Hosts 30 Minutes with Brandon Roberts

07-02-09
Brandon Roberts
Brandon Roberts: Real Estate Agent in Las Vegas, NV
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  • Office: (702) 413-3200
  • Mobile: (702) 413-3200

For Immediate Release

Contact:
Tanya Kovacheva
Broker/Owner
Exit Realty Imoti in Las Vegas
702-251-3948
tanyak@exitrealtynevada.com

Exit Realty Imoti Hosts 30 Minutes with Brandon Roberts

Las Vegas, Nevada (Grassroots Newswire) June 30, 2009 -- REALTORS® from Exit Realty Imoti in Las Vegas will be hosting 30 Minutes with Exit on July 02, 2009 at 8260 W. Charleston BLvd # 1, Las Vegas, NV 89117.

The greatest story ever told in the real estate industry. Regional Owner and 2007 Exit International Broker of the year, Brandon Roberts discloses the success of the Exit Formulas single -level residual system, which has triggered record-braking Growth of the corporation. Over $125 million has been paid out to Exit Associates in single-level residuals on top of their commissions.

"To think ...10,20,30 years in this business and no future rewards for past service. When you slow down, it slows down. When you stop, it stops. It's time for a change!" Brandon Roberts

Exit Realty Imoti of Las Vegas is a franchise member of Nevada. EXIT Realty originally founded in Canada has enjoyed rapid growth throughout North America This growth is based largely on the strength of its recruiting and retirement benefits. The EXIT Formula provides sales associates a chance to earn a combination of residual income over and above their own transactions and an enhanced retirement and beneficiary benefit; all of which have been unheard of in the real estate industry until now.

Exit Realty Imoti is located at 8260 W. Charleston Blvd. #1, Las Vegas, NV 89117. For more information, please call 702-251-3948.

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Las Vegas Desert Turning Green

07-02-09
Nathan Watanabe
Nathan Watanabe: Real Estate Agent in Las Vegas, NV
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  • Office: (702) 933-9330
  • Mobile: (702) 326-7473

It recently announced that there are two planned Solar Energy Plants planned for Southern Nevada with Nextlight Renewable Power as the developer. We already have the largest Solar Power Plant in North America in Nellis AFB. Boulder City has three more Solar Power Plants that have been proposed. With the amount of days that we have the sun shining in Las Vegas (about 210 sunny days per year) it is about time that we get into the renewable energy. Senator Harry Reid has been quoted saying Nevada is the "Saudi Arabia" of solar and geothermal energy. It is about time that we bite the bullet and reduce our dependence on fossil fuels.

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CIC Update and Refresher--New Law regarding the Resale Pack-Sellers must pay and provide

07-01-09
Las Vegas Dawn Barrier Las Vegas Short Sale Real Estate Consult
Las Vegas Dawn Barrier Las Vegas Short Sale Real Estate Consult: Real Estate Agent in Las Vegas, NV
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  • Office: (702) 812-4550
  • Mobile: (702) 812-4550
  • Secondary: (702) 812-4550

This is some more information on the new law that is now affect with regards to CIC Resale package.

I wrote about this previously Did you read the new MLS notice on NRS 116.4109 ? NEVADA LAW UPDATE: New Law changes for CIC (HOA) Resale Package..

but here it is directly from the Legal Byte go there to read more.

Below is an exerpt.

CIC Update and Refresher
By Deanne M. Rymarowicz, Esq.
GLVAR Legal Counsel

Effective immediately, when selling a home that is part of a common interest community (CIC), furnishing the resale package is "at the expense of the unit's owner." (See SB 253, Section 8.)

In other words, the seller is expressly and solely responsible for paying for the resale package.

There is absolutely no exception or exemption based on the identity of the seller (such as an asset manager) or the nature of the transaction (such as a short sale).

The clarification as to who pays for the resale package comes in SB 253 as put into effect on June 9, 2009 by virtue of a provision in AB 350. Each of these bills also added to the list of documents and information to be included in the resale package.

Finally, as a reminder, the foreclosure exemption in NRS 116.4101(2) does not apply to an REO transaction. That exemption deals only with the disposition from the borrower/homeowner back to the bank pursuant to foreclosure under NRS 107. Once the foreclosure takes place, the bank or asset manager is the unit's owner with all the same responsibilities as any other seller in a resale transaction.

All agents should stand firm with their clients and require that Nevada law is complied with in all transactions.

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