Mesquite, NV

Sun City Mesquite by Del Webb in Mesquite, Nevada is pleased to offer this JOSHUA STUNNER!!

This is by far one of the best layouts of any home on the market today! Featuring 3,075 spacious sq.ft., DUAL MASTER SUITES with a 3rd Bedroom & private bath + seperate Powder Room, Bonus Room (great for a game room, library or pool table), 3-Car Garage, with beautiful interior selections which include granite kitchen countertops, stainless steel appliances, upgraded 18"x18" tile thruout, along with an elevated homesite!!

All for only $363,215 (the price has been discounted by $50,000)!! Plus, if you purchase before the end of the year, you will have a choice of a FREE Golf Cart or a FREE Annnual Golf Pass for 2 at the new Conestoga Golf Course!!

For more information, please contact:

Lila Williams, Sun City Mesquite Sales Team

Office: 702.345.3992 Cell: 702.357.6056

Days Off: Mon./Tues. Office Hours: 9am - 5pm

email: lila.williams@delwebb.com

website: www.suncitymesquite.com Conestoga Golf Course: http://www.conestogagolf.com/index.php Sun City Mesquite Video: http://www.youtube.com/watch?v=Xo_YcdGUdFM

Just a quick entry to let everyone intereseted in the Desert Fall Sports Resort that is possibly coming to Mesquite, NV., I will be meeting with the Economic Development Director and the Owner of the Project on Tuesday the 27th or October. I will be sure to update you on the resort shortly after.

Torres Ramey

Broker / Salesman

702-371-2785

E Mail: tramey@rconnects.com

Mesquite Market Quarterly

Third Quarter 2009

By Chris W. Miller ABR, CRS, GRI

Sales are up and prices are down and falling!

Beware of pending home sales numbers, the conversion rate from pending to actually closed transactions is falling daily as deals blow up. Pending short sales in general are not closing. When you hear pending home sales, it is a misleading indicator.

In Mesquite we actually closed:

Median Price $ Per Square foot

39 Resale Homes $192,400 $113

13 New Homes $208,984 $125

15 Condos $87,500 $77

29 Town Homes $130,000 $88

Total 93 closed sales $150,900 $99

43 of the total 93 were distressed properties.

229 listings went out of the active inventory as failed. Active available listed residential property remained stable at around 400 with over 60% vacant.

221 new listings were added to active and 85 of those were distressed properties, either short sales or bank owned (REO) foreclosures. "Notice of defaults" continue to increase. Between Spet. 1 and Oct. 12 there were 54 NOD's filed in Mesquite, that is 9 per week!

2 vacant lots sold in Calais and averaged $125,000.

No commercial transactions closed. Vacancy remains at historic high rate in all catagories.

The market is averaging around twenty active resale listings at Sun City, but you would never know it since they do not allow signs, period, even inside your own window.

Over 50% of the current pending transactions are distressed properties. The banks are holding more and more real estate as defaults rise and individuals realize they are stuck as well. Unrealized bank losses are mounting as wealth evaporates.

The amount of shadow inventory is impossible to calculate. Based on unlisted bank owned property, defaults and failed listings, the number is far larger than the 400 active listings, maybe double.

Given the future uncertainty in taxation, health care costs, income, asset value growth, cost of living inflation, and home values retiring buyers have become increasingly cautious. The market is mainly being supported by high loan to value government backed FHA loans, and interest rate risk appears far greater than home price increases. Prices continue to fall.

There are seemingly good values available.......Buyer Beware!

Chris W. Miller

ERA Brokers Consolidated

Mesquite NV 89027

702- 346-7200

435-862-5951

Mesquite Market

chris@mesquitemarket.com

Lincoln County Land Market

Nevada Ranch Properties

Once again I find that we are getting a lot of questions about short sales. Most of these questions seem to be about time issues i. e. How long does it take to get an answer from the sellers bank? How long until the deal will be finally done? etc..

The truth lies somewhere between, "I have no idea," and "possibly before the next millennium." Some agents including myself have teamed up with different "Short Sale Processors" who seem to have better luck in getting the deal closed. Not necessarily faster, just in getting them approved. The main reason for this is their efficiency with the paperwork. Clients don't usually know this but the banks all require certain forms in an order that they want the file in. The problem is that all banks have different forms from each other and the order and how they get them delivered is a mystery for the ages! So the short sale processors usually have all of the main banks and some of the smaller ones figured out and their list grows daily thus making it easier and less time consuming for the agent and the banks.

There is unfortunately a bank out there who can take over nine months to get an approval and then are shocked when the buyer's appraisal comes in a lot lower than the original price. If that happens to you, most likely you will have to re-submit the new appraisal to the sellers lender and even possibly start the negotiation process over again. Wow! No one really knows how long these deals will take including the lenders. The investors sometimes take quite a while when you make it to that stage. It's really a shame that we can't clear these properties sooner, it would be better for all involved.

Why do a short sale then? Well, lenders say it's better on your credit report than a foreclosure but I have heard that they will still count against you just as much as a foreclosure so not sure how accurate that information is... The true fact is that if you intend to do a short sale, you better contact an attorney to find out what the consequences are in your state. The laws are different in each state and the sale could be the best thing or the worst thing for you. Whatever you decided to do have patience when you are buying or selling a short sale, as I wrote in one of my earlier blogs. "The only thing short about a short sale, is the money."

Torres Ramey

Broker / Salesman

702-371-2785

E Mail:tramey@rconnects.com

550 W. Pioneer Blvd. Ste. 100

Mesquite, NV 89027

Sun City Mesqute by Del Webb is located in Mesquite, Nevada, 80 miles north of Las Vegas. Discover a world of its own.

Surrounded by other-worldly mountainscapes and big-sky wonder, Mesquite, Nevada, used to be one of the Southwest's best-kept secrets. Word is out. For lovers of outdoor recreation, including hiking, biking, RV expeditions, and some of the most dramatic golf courses in the entire country, Sun City Mesquite is emerging as the ‘it' place for active adults age 55 and better.

The town of Mesquite itself is small but growing and provides all the necessary shopping and conveniences. Poised on the hill above town is Sun City Mesquite's dramatic 30,000 square foot recreation center, the Pioneer Center, providing a wide array of amenities: indoor and outdoor pools, a fitness center, exercise studio, and more.

Sun City Mesquite offers residents a one-of-a-kind community including the Gary Panks designed Conestoga Golf Club, opening late January 2010. The community also has an 18-hole putting course, various sports courts, and miles of scenic walking trails. Mild weather, no state income tax, low humidity, and an abundance of sunny days (an average 330 days a year) make this area a favorite of recreation enthusiasts and provide the ideal year-round setting.

Choose from 14 two and three bedroom model homes, ranging from 1,241 to 3,116 square feet.

Conestoga Golf Course Update:

Each passing day brings more and more green grass to Sun City Mesquite. I cannot over-emphasize how incredible this course is going to be. Please ask me for a tour on your next visit - even if you don't golf you can't help but appreciate how the breath-taking views of mountains, mesas, canyons and water features are maximized from every vantage point. Sun City Mesquite residents will enjoy a substantial discount off the public rates for play on our Conestoga Golf Course. Our homeowners will not pay more than $59 for 18 holes (with cart) during peak-season, and only $25 - $39 during off-season. Season Passes will be available (for both full-time and part-time residents) that will provide additional savings. Check out the Troon website for more information about our incredible rates Conestoga Golf Course: http://www.conestogagolf.com/index.php. If you purchase a season pass, you will save about an additional 10% if you normally golf 2.5 times/week, and save up to an additional 25% if you golf at least 4 times per week. The course remains on track for its November opening, exclusively to our residents, then with much fanfare to the general public in January. Wouldn't it be great to secure a homesite in our Saddle Horn neighborhood, and be just a stone's-throw away from the Conestoga Golf Clubhouse, Rec Center, and easy access to Falcon Ridge Pkwy? We only have about 25 homesites left in this desirable location.

"Stay and Play" with our Vacation Getaway Stays!

Take our community for a test-drive. You can take advantage of our low rate of only $99 for a two-night stay at the beautiful Falcon Ridge Hotel. You will receive VIP passes to the Pioneer Center, our state-of-the-art fitness/community facility, and also a $100 gift voucher at the Casablanca Resort & Spa, good for dining, golf, or spa treatment. Starting November 7th, you will receive a FREE round of golf for two at the exciting new Conestoga Golf Course, plus dinner for two at Hugo's Hilltop Restaurant. Call us toll-free at 877-478-6248 to book your reservation (be sure to mention you are working with Lila).

Videos/Floorplan Updates:

Please be sure to check-out this cool YouTube video of Sun City Mesquite: http://www.youtube.com/watch?v=Xo_YcdGUdFM!

You may not be aware of our other exciting announcements: Our 1549 square foot "Laurel" floorplan is now available with an "optional Golf Cart Garage/Courtyard", and our 3 bdrm 1863 sf "Jasmine" model is now available with a "Tandem" garage (the deeper garage for a 3rd car, golf cart, or workspace, similar to our ever-popular "Iris" floorplan). Both the Laurel and the Jasmine can be built in our hot-selling Saddle Horn or Overland Trail villages.

Beautiful Iris Plan Ready For Immediate Move-In!! (Copy & paste the link below for more photos)

http://picasaweb.google.com/suncitymesquitesales/IrisOnLot51MoveInReady?authkey=Gv1sRgCO3hyPj4o7WCYQ#

EXQUISITE IRIS PLAN, 1670 sq.ft., 2 bedrooms / 2 baths / den / 2-car garage + storage / beautiful courtyard / granite countertops, 18"x18" tile thruout: $243,415!! This is our best seller!! If you purchase before the end of the year, you will receive your choice of a FREE Golf Cart or Free Annual Golf Pass for 2!! Just in time for the opening of the new Conestoga Golf Course!!

Build Your Dream Home:

NOW is the time to get your new home started for a March / April move-in dates and receive discounts from $3,000 - $10,000 on customizing options and upgrades! You can enjoy our wonderful new golf course and mild, sunny temperatures! If you want to move in before the end of the year, we do have a few beautiful showcase homes, as well as some homes under construction. Please visit our website if you would like the most current list of homes available or coming soon website: www.suncitymesquite.com.

For more information, please contact me:

Lila Williams, Sun City Mesquite Sales Associate

Office: 702-345-3992 Cell: 702-357-6056

E-mail: lila.williams@delwebb.com

website: www.suncitymesquite.com

Days off: Monday & Tuesday