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My analysis: Distressed listings (foreclosures and short sales) are 64% of total listings. This is going down due to AB 284. We shall see units distressed units listed continue to go down until probably mid summer unless the bill is repealed. New construction numbers may rise as there will be fewer alternatives to buyers who need something SOON. Units of homes sold remain impressive. Credit markets must be watched as underwriting guidelines continue to tighten. Condos are barely financeable. Inventory stopped it's slow increase in December 2010 and now opportunistic buyers are gobbling up inventory through the summer and this trend seems to be continuing through winter. The rental market is softening due to all the investor/first time buyer combination of activity. This adds more supply and creates less demand to the rental market. Las Vegas is an anomoly to the law of supply & demand, anything can happen!
New Residents/Employment Conditions:
My analysis: This sector is FINALLY seeing stabilization thus improvement. It is VERY encouraging to seem these numbers improve - even if slightly! Unemployment rate is still painful however the total employed numbers have remained close to stable for a year. Slight increase with unemployment rate the last two months.
Tourism/Gaming Conditions:
My analysis: This sector (tourism) needs to see some serious price corrections before we see a comeback. Corporate credit is not coming back any time soon. It will be hard to get convention attendance back up without corporate credit. Glad to see regular tourists are making their way here with the imbalance of the other numbers to replace the convention attendee numbers. Visitor Volume, Gaming Revenue & Convention Attendance are encouraging and hopefully sustainable. Rising gas prices can potentiall hurt this sector and could be a major setback to the recovery of the Las Vegas economy!
Sources: Salestraq, Home Builder's Research, Greater Las Vegas Association of Realtors, Nevada State Gaming Control Board, Nevada Department of Motor Vehicles, McCarran International Airport, Las Vegas Convention & Visitor's Authority, Nevada Department of Employment, Training and Rehabilitation. Information deemed reliable but not guaranteed. My analysis is my humble opinion
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This Las Vegas Short Sale home had 2 mortgages and 3 liens on the property and Dawn was able to negotiate that all the liens were paid off from the proceeds of selling the home thru the short sale process.
The first mortgage on the property was Bank of America and Dawn negotiated that they would waive their right to pursue any deficiency.
Another North Las Vegas Short Sales You Tube Video -Bank of America Short Sales
North Las Vegas Short Sales You Tube Video | Bank of America Short Sales
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Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles.
Sun City Aliante is located in the Aliante Area of North Las Vegas, NV (zip 89084). There are 1829 homes in Sun City Aliante ranging from 1157-2104 Square Feet. Community Amenities Include: Community Golf, Clubhouse, Gym, Pool, Spa, Tennis, Recroom.
Sun City Aliante Market Report:
Sun City Aliante is currently enjoying a seller's market.
Since Last Month: Aliante Sun City, North Las Vegas Listings UP +3, Contracted Homes UP +7, Sales DOWN -7
For Current and Past Sun City Aliante Market Reports
View Sun City Aliante Homes For Sale Here (Updated Daily)
More Information on Sun City Aliante Real Estate Here
More Las Vegas Communities Here
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Las Vegas Military Helicopters Video Northwest Las Vegas Centennial Hills
Always something interesting to see in Las Vegas when out showing homes.
Las Vegas Real Estate Agent Dawn Barrier on Facebook
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Click Here To View Harmony 2's Newest Listings & Homes for Sale.
Welcome Home To Gated North Las Vegas Community: Harmony 2!
Harmony 2 is Gated & Immediate Community Amenities Include a Greenbelt, Community Pool, Playground & BBQ Area Close to Retail, Restaurants, Professional Offices & Local Gaming. Also Close to the I-15 Freeway For Close Proximity to Nellis & Downtown Entertainment & Employment Centers.
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