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About Las Vegas' Arlington Ranch

2012 Market Trends: Las Vegas Residential Short Sale Inventory

Renee Burrows - Las Vegas Real Estate -  (702-580-1783) www.ShackDiva.com: Real Estate Agent in Las Vegas, NV

2012 Market Trends Las Vegas Residential Short Sale Inventory

Las Vegas 2012 Real Estate Market Trends: Short Sale Inventory

Las Vegas real estate in 2012 will no doubt be a wild and wacky and an unpredictable market resulting in broken crystal balls as it has been for the last 5 years. This I am sure of. My 2012 Las Vegas real estate market trends predictions will depend on several factors:

  • Steady interest rates
  • Steady underwriting guidelines (LOL!)
  • Current laws
  • Current market conditions
I believe in 2012 that Las Vegas Short Sale inventory will decrease. It isn't because less homeowners are underwater, it is again, that pesky new legislation AB 284. I have already encountered multiple situations where the Las Vegas short sale sellers get down to the wire after their short sale approval, get their legal advise and then are advised to take their home off the market because lenders are having a difficult time filing notices of default. I am not saying this is right or wrong as each specific case & approval letter should be looked at by a lawyer. This is just going to cause some complications with our inventory situation.
I think by looking at the above Las Vegas short sale inventory watch chart, you can see that short sales are a popular alternative for buyers with our current low inventory crisis. Unfortunately those buyers may get down to the wire at approval time and have the sellers yank the listing off the market because they have been advised to do so. This scenario can happen even without AB 284 as the consequences of the terms and conditions of the approval may be insufficient for the seller.
A short sale is a difficult transaction for both the buyer and the seller (oh and the real estate professionals also!) You have to make sure all parties completely understand the process in order for a successful transaction to be completed! I don't see sales increasing with the increase of pendings in this situation.

Arlington Ranch (Las Vegas, NV) Real Estate Market Report & Homes for Sale December 2011

Renee Burrows - Las Vegas Real Estate -  (702-580-1783) www.ShackDiva.com: Real Estate Agent in Las Vegas, NV

Arlington Ranch Real Estate

Arlington Ranch Homes for Sale

Arlington Ranch Real Estate Market Report & Absorption Rate

Arlington Ranch December 2011 Real Estate Resale Market Report

  • Listings (1/15/2012): 6
  • Under Contract (1/15/2012): 45
  • Sold December 2011: 11

Arlington Ranch changes since last month: Listings DOWN -3, Pendings UP +5, Sold units UP +1.

Interesting note about Arlington Ranch (Las Vegas) Community: Arlington Ranch was built at the "height" of bubbled prices. Many of the listings are distressed sales and currently (Nov 2011) 79% of the pendings & contracted homes are short sales (read - what is a short sale?) This is the reason why the pie graphs for Arlington Ranch look so funky and there are not enough closings proportionate to the pendings.

Last Month's Arlington Ranch Market Report

View Arlington Ranch Homes For Sale Here (Updated Daily)

More Information on Arlington Ranch Real Estate Here

More Las Vegas Communities Here

Las Vegas Breaks Yearly Home Sales Record - Cheap Homes in Vegas under $100k

Las Vegas Short Sales Agent Dawn Barrier | Las Vegas Realtor 812-4550: Real Estate Agent in Henderson, NV

Las Vegas Breaks Yearly Home Sales Record
Despite a decade-long trend making winter the slowest homebuying season for the Las Vegas area, the region saw an increase in existing home sales for the month of December, finishing the year strong enough to break the metro's yearly existing home sales record from 2009. Click here to read the DS News article.

Although we have some record sales, it is in part due to our LOW PRICES!!

Our median in December was about $120,000!

Here is a home for under $100k!

Dawn Barrier | Prominent Realty Group LLC | (702) 812-4550
Cross Ranch St, North Las Vegas, NV
Awesome 1 Story Home
3BR/2BA Single Family House
offered at $79,999
Year Built 2007
Sq Footage 1,615
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size Unspecified
HOA/Maint $0 per month

DESCRIPTION

GREAT Las Vegas Short Sale 1 Story in North Las Vegas*Granite Countertops*Kitchen Island*Upgraded Ceiling Fans and Lighting Thruout*TILE in Kitchen and Wet areas*
Cherry Maple Cabinets in Kitchen, Bath & Laundry Room*Butlers Pantry*Extra Cabinets in Breakfast Nook*
View of the Mountains from the Kitchen*Front Porch & Back Covered Patio
Living Room*Dining Room*
Seperate Family Room Open to Kitchen with Stainless Steel Appliances

see additional photos below
PROPERTY FEATURES

- Central A/C - Central heat - Walk-in closet
- Tile floor - Family room - Living room
- Dining room - Breakfast nook - Dishwasher
- Stove/Oven - Microwave - Granite countertop
- Stainless steel appliances - Laundry area - inside - Balcony, Deck, or Patio
- Yard

COMMUNITY FEATURES

- Garage parking


ADDITIONAL PHOTOS


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Photo 5

Photo 6

Photo 7
Contact info:
Dawn Barrier
Prominent Realty Group LLC
(702) 812-4550
For sale by agent/broker

Equal Opportunity Housing
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Posted: Jan 18, 2012, 6:19am PST

Bank Of America Short Sales~Las Vegas Short Sales~Bank Of America Realtor~Equator Short Sale Agent

Las Vegas Short Sales Agent Dawn Barrier | Las Vegas Realtor 812-4550: Real Estate Agent in Henderson, NV

If you are looking for a Bank of America Short Sale Agent to help you try to avoid foreclosure by listing your home for sale as a Las Vegas short sale then give me a call (702) 812-4550.

Bank of America Short Sale

Las Vegas One Story Home For SaleIf you are looking to buy a home in the North Las Vegas area, this single story is a great home.

Bank Of America Short Sales~Las Vegas Short Sales~Bank Of America Realtor~Equator Short Sale Agent

Arlington Ranch (Las Vegas, NV) Real Estate Market Report & Homes for Sale November 2011

Renee Burrows - Las Vegas Real Estate -  (702-580-1783) www.ShackDiva.com: Real Estate Agent in Las Vegas, NV

Arlington Ranch Real Estate

Arlington Ranch Homes for Sale

Arlington Ranch Real Estate Market Report & Absorption Rate

Arlington Ranch November 2011 Real Estate Resale Market Report

  • Listings (12/15/2011): 9
  • Under Contract (12/15/2011): 40
  • Sold November 2011: 10

Arlington Ranch changes since last month: Listings DOWN -6, Pendings DOWN -3, Sold units DOWN -3.

Interesting note about Arlington Ranch (Las Vegas) Community: Arlington Ranch was built at the "height" of bubbled prices. Many of the listings are distressed sales and currently (Nov 2011) 79% of the pendings & contracted homes are short sales (read - what is a short sale?) This is the reason why the pie graphs for Arlington Ranch look so funky and there are not enough closings proportionate to the pendings.

Last Month's Arlington Ranch Market Report

View Arlington Ranch Homes For Sale Here (Updated Daily)

More Information on Arlington Ranch Real Estate Here

More Las Vegas Communities Here