Mesquite, NV

Mesquite Nevada homes for Sale

Most Mesquite NV homes for sale were built long after 1978 when the risk of asbestos hazards and lead in paint were a consideration. The huge growth in Mesquite started in the 1990's and has continued with new home subdivisions - single family homes, townhomes and condos. These homes are not likely to have been built with any materials containing asbestos or lead paint.

But we do have many people from other areas who are relocating to Mesquite or buying a second home who possibly own older homes built prior to 1978 or remodeled with older or used materials.

If you are planning on selling that older home, the risks of asbestos or lead paint may be a concern to you.

As a new homeowner or potential seller, it is not likely that you are acquainted with the inner materials of a home. However, most buyers seek an updated home inspection before closing on a new property - better to be safe than sorry!

It is important to reassure buyers that the home is safe and does not contain any potential health hazards. Inspections are critical to clearing hurdles down the road that may slow the sale of property.

One of the most common surprises new homeowners and sellers confront is asbestos in older structures. Asbestos containing materials (ACMs) are now banned for use in the United States but many older buildings still contain these products, which are generally safe, but homeowners should be aware of where they are and when they become hazardous.

Asbestos was included in thousands of construction products and still exists in nearly 80% of homes built prior to 1978. Common asbestos materials include attic insulation, ceiling tiles, and pipe lining. Asbestos was particularly adept at insulation and prevention of temperature transfer and was used extensively until adverse health effects began to manifest in those who worked with the material frequently.

It is only when asbestos containing materials are compromised or very old that they become hazardous. Asbestos products under these conditions are rendered “friable.” Home inspection companies should be able to identify these circumstances and advise you on a course of action. When asbestos material is friable, asbestos fibers can be released into the air, potentially endangering those in the area.

Inhaled asbestos fibers lodge in the body’s inner tissue and have been conclusively linked to the rare cancer, mesothelioma, commonly referred to as asbestos cancer, in addition to many other respiratory disorders. There are few options for mesothelioma treatment or curative therapies for other conditions caused by sustained asbestos exposures. Homeowners need to be aware of potential hazards that may exist so they may be able to avoid potentially harmful effects of hazardous asbestos.

Again, most asbestos containing materials will not pose an immediate hazard and an informed buyer will not be turned off by their presence if they’re reassured of their safety by a professional opinion. These simple precautions can be taken to assure that both sides know that they and their families will be happy and healthy in their new home.

Virginia Hepp

New trends give a clear view of where the market is going.

Mesquite Nevada MLS recorded a total of 65 residential closings during the first quarter, 22 of these were bank owned or short sales 33.8%. 207 residential listings were submitted and 247 went out of the system as failed listings.

We closed a total of 41 single family homes and 13 of those were bank owned or short, the 13 distressed home sales averaged $111 per square foot. Of the 41 closed single family homes was 24 existing or resales at $122 per foot, 17 new homes at $162 per foot.

There are already 20 resale home listings available at Sun City Mesquite. The Mesquite MLS only recorded a total of 7 closings during the first quarter at the new Pulte Del Webb project, that includes new and resale homes, those 7 sales averaged $159 per foot.

8 condominiums closed at an average of $99 per foot, 15 town homes closed at an average price of $118 per square foot, and 2 vacant residential building lots sold. 3 homes sold and closed in Bunkerville and they averaged $93 per square foot.

On March 31, 2009, at the end of this past quarter 44% of the pending transactions in the Mesquite MLS were listed as distressed properties, either REO or short. Failed listings which are still out and most must be sold sooner or later exceeded pendings on a 5 to 1 basis this past quarter; many will turn to distressed properties.

Based on the past quarter sales and the current active listed properties there are 22 months of single family homes, 46 months of condos, 19 months of town homes, and years worth of building lots. It looks like there is on average about a two year supply sitting on the market, plus another year's worth of inactive and vacant.

At this time around 255 of the 430 active listings are listed as vacant, about 60% are sitting empty, no cash flow.

There are still many people living in homes they can not afford and they are under water. A wave of distressed properties, yet to come to the market.

While many agents, the government, and the media spread the rumor that the market is improving! Buyer Beware has never rang louder.

There are 13 commercial buildings and 16 commercial land parcels actively listed for sale and many more available but not listed. No commercial buildings or land closed. While it is hard to measure, it looks like there is well over 300,000 square feet of vacant commercial office/retail/industrial space sitting vacant.

The City of Mesquite building department issued 6 permits for new commercial buildings and 19 permits for residential buildings during the first quarter 2009.

The typical buyer profile coming to Mesquite today is a far more cautious and conservative retiree. They have been slapped hard with the reality that neither the stock market nor the real estate markets always go in one direction. Many have seen a huge chunk of their nest egg disappear in both markets.

The current environment has them in fear of their financial future, out living their savings. Uncertainty about government spending, bail outs, health care costs, rising cost of living (inflation), income stability and net worth are all potentially paralyzing for buyers.

There seems to be an uneasy sense with the retirees that the government is reaching too deeply into the pocket of our capitalist free enterprise system. There is little security anywhere. It is affecting consumer sentiment and confidence.

The market correction is far from over and for Mesquite it is a reality check. If we are to attract the greener more conservative baby boomers we will need to adapt.

Affordability, efficiency, and value will have to lead us out. What worked over the past ten years, business as usual will not cut it. This is not unique to Mesquite, most every business model out there is changing the way they do business or like our auto industries they will be reorganized.

After the high flying years of loose money and bad decisions, deleveraging is taking place. Asset values are falling and this will continue until the market gets back to fundamentals that work. Vacancy rates will not go down until business can afford the rents. Buyers will not buy homes they can not afford.

Debt to income ratios must get back to closer to 28% and 35%, or prices in the range of 2.5 to 3.5 times annual income. As we have seen, 5 times annual income as a purchase price generally does not work. Debt is strangling the entire economy.

This melt down of the financial system is all about excessive unmanageable debt, over leveraged, and wildly over valued assets. Consumer sentiment or confidence is not the cause; it is the artificially inflated values. Lower prices and market stagnation are the results we are seeing.

Affordability is not a concept, it is reality.

Mesquite Nevada has a bright future and the current market is beginning to create opportunities for knowledgeable buyers.

For square footage numbers in specific neighborhoods, questions, or comments

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

Sun City Mesquite is an active adult golf course community for 55 plus residents in Mesquite Nevada. HOA fees of $120 per month include use of all Recreation features of this popular age restricted subdivision. Pulte Del Webb has created many beautiful walking trails and parks for the use of Sun City Mesquite residents and their guests.

These walking trails and parks are situated throughout Sun City Mesquite, with views of the desert, mountains and mesas. Sun City active residents can use the paths for walking through the subdivision to Sun City Mesquite Pioneer Recreation Center. Many residents have a golf cart that they use to go the the recreation area, putting greens, tennis courts or other amenities that come with their home.

Unlike so many Nevada builders who use every available space for houses, Sun City Mesquite has preserved much of the desert landscape and rough terrain, including cactus plants, trees, gulleys and natural washes which enhance the views throughout the subdivision.

Winding through this Nevada mountain desert terrain is Sun City's own Conestoga Golf Course to be finished in fall 2009. There will be a 'soft opening' for Sun City Mesquite residents in the fall of 2009, with the grand opening to the public in early 2010. Sun City residents will get a substantial discount on golf prices and preferred tee times - that will be a big bonus to residents in our busy Mesquite golf season.

If you haven't been to Sun City Mesquite, take a tour of their Parks and Walking Trails right here:

Sun City Mesquite Floor Plans and Prices

Sun City Mesquite Homes with a View for Sale

for information about Mesquite NV homes

Sun City Mesquite Nevada Active Adult 55 plus Homes - Walking Trails and Parks

Sun City Mesquite Home For Sale on a premium view lot in Pulte Del Webb's Active Adult Community for 55 plus residents. Enjoy the Views of the Southern Mountains, Flat Top Mesa and the soon to be completed Conestoga Golf Course from your covered back patio - and from the large windows across the back of this lovely Willow Plan in Sun City Mesquite Split Rail Subdivision.

• 2409 sq feet - purchased for a second home in Mesquite - and never used
• 3 bedroom - 2.5 bath
• glass doors open to separate office
• private front gated courtyard
• 3 cm granite kitchen counter tops
• 18" tile laid diagonally throughout all of the living areas
• upgraded cherry paprika raised panel cabinets
• granite bar opens to great room
• chef's island with granite top
• built in cherry hutch with extra storage
• kitchen pantry
• breakfast nook
• dining room with a view of the mesa
• custom designer window coverings - Sheer Elegance blinds and Shutters throughout
• large laundry room with sink and cherry cabinets
• 2 car finished garage
• plus a detached 3rd car garage for extra parking or golf cart

Sun City Mesquite Split Rail Subdivision in Mesquite NV 89027

Pulte Del Webb Sun City Mesquite is an age restricted subdivision for 55 plus residents. Sun City Mesquite's Pioneer Recreation Center is centrally located in the subdivision for the use of residents only. Enjoy the indoor pool and spas 365 days a year - the outdoor pool and spas are open seasonally.

If you haven't been to Sun City Mesquite, take a tour of the Sun City Mesquite Parks and Walking Trails.

And you might want to look at Sun City Mesquite Resales in Mesquite MLS.

Virginia Hepp