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About Clark County

Brickwater Condominiums - Las Vegas South Strip mid-rise - Aug 31 02:47 PM
Brickwater Condominiums is a 178-unit mid-rise project just one block off Las Vegas Boulevard South. The four-story building from Houston-based Noteware Development will be Las Vegas' first brick condo project.
Brickwater offers eight different floorplans from a 1-bedroom/1-bath (849 squre feet) to a 3-bedroom/2-bath (1,474 square feet). Covered parking will be available on the same level as the condo units. Groundbreaking is expected to take place in September. Units are priced from the 300's.
On-site amenities and features include: ...

FHA Bans Gift Down Payments with One Exception: Mortgage Industry - Oct 02 01:11 AM
FHA bans Gift Down Payments: Mortgage Industry
According to the following story, FHA has decided to no longer allow Down Payment Assistance (DAP) programs.  This basically requires borrowers to have the 3% down payment required for FHA loans.  Before, you could use one of several DAP programs to subsidize the 3%, which effectively allowed for Zero Down Payment from the borrower.  This is just another in a long line of industry changes that are making it tough ...

Got Teenage Drivers?? Get Drivers Edge! - Dec 05 12:24 PM
If you have teenage drivers, you need to check out Drivers Edge  http://www.driversedge.com/  This  non -profit organization, founded by Jeff Payne, offers a free (yes FREE) program, for young drivers age 15-21 that possess a learners permit or drivers license.  It includes classroom and behind the wheel experience, taught by professional drivers. Jeff and his team teaches skid control, evasive lane changes, defensive driving techniques, routine car maintenance and much more.   They do accept donations.     ...

Mt Charleston, NV: A Cool One Hour Drive Up the 95 - Aug 05 03:06 PM
Yesterday as the Las Vegas Valley baked at 107 degrees we decided to take a drive up the mountain for a BBQ lunch. We settled for a picnic spot in between the Mt Charleston lodge and Lee Canyon in the Toiyabe National Forest. The weather is just about always 20-30 degrees cooler than the valley. The elevation was about 9000 feet with a little riparian fall running just feet from the picnic spot amid the large ...

When that Hot & Sticky Monsoon Air Rolls in......... - Aug 15 09:18 PM
Ahh a splendid night as the moist monsoon air pushes it's way in the desert.
Such a perfect ending to a stressful day. You can feel the moisture fill the air and see threatening dark clouds and lightening strikes (when it is dark) from miles and miles away. It is always a great change from the unforgiving hot desert sun.
We receive on average 70% of our rainfall from monsoon rains. These rains are hit and ...

Promenada at Rainbow - southwest Las Vegas mid-rise - Aug 31 10:21 PM
Promenada at Rainbow is an exciting, mixed use mid-rise development in southwest Las Vegas. Located near the I-215 Beltway and Rainbow Boulevard, the project consists of 489 units and will take 4-5 years to complete. Phase 1 (189 units) should be ready by December, 2008.
Promenada at Rainbow has ten different floorplans, from a 1-bedroom/1-bath (828 square feet) to a 2-bedroom/2-bath (1,486 square feet). Residences feature European-style cabinetry, high-end stainless steel appliances, home automation and security systems, Low-E ...

What Renters Need to Know About the Las Vegas Rental Market: - Oct 06 08:25 PM
First of all, it is HOT. The entire rental market has only 2.9 months of inventory. When you break other market's down, like the Rhodes Ranch area, for example, there is only 1.3 months of inventory. With the absorption rate very low, that means rental homes go off the market as quick as they come on the market. This is pressuring monthly rental rates upward.
Here is the process for getting a rental home in Las Vegas, ...

If this Little Broad Can Figure it Out, Why Can't They? - Oct 04 01:28 AM
I have been extremely busy and have figured something out that it doesn't take a brain surgeon to figure out.
I am in the field working with buyers, renters, marketing a couple of my broker's 200 foreclosure listings and interior inspections for BPOs, just to name a few :)
What the big SURPRISE is that you will have newer subdivisions with lots of signs, lots of "bank owned" riders, lots of chirping smoke detectors, lots of ...

Shmittens in Nevada: Up Markets Breed Fraud, Down Markets Breed Fraud - Nov 24 12:43 AM
Shmittens is a term that some of us regular doggie park go-ers coined for when an irresponsible dog owner lets them do their business, fails to pick it up and the next thing we know another pup has run through it and several people end up having to clean up the mess.  It started out to be "sh*t mittens" but we shortened it down to "shmittens" to clean it up so we could use the phrase ...

NAR Convention Reminder: Might Want to Book Those Rooms Soon! - Aug 24 10:13 PM
Fred's post got me wonderin.  I usually attend the Global Gaming Expo and knew it was about the same time as the NAR conference.  I checked the convention calendar and sure enough it does!
The Global Gaming Expo (G2E) will bring just as many attendees as NAR, so for just the two conventions alone there will be 50,000 attendees.  Forget all of the other little conferences!  Room Inventory is only around 133,000 right now.
I did recommend to ...

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Clark County Market Reports

The Las Vegas foreclosure and short sale market - Part 1 - Sep 15 10:04 PM
A recent local television news story mentioned that Nevada was one of the top four states in the nation for foreclosure activity, along with Arizona, California and Florida. That's a distinction that no state wants to have, and coupled with our big increase in short sale activity, it made me wonder just how serious the situation was.
To begin my research I went to RealtyTrac, a leading online source about foreclosure properties, and the third largest real ...

Stated income mortgage issue still brewing in Nevada - Oct 02 02:10 PM
The updated consumer protection law that was put in the books earlier in the year is effective as of today. One of its stipulations is that a stated income mortgage loan can be a crime in the state, as interpreted by some legal experts. And that has caused thick smoke to come out of the ears of many in the residential real estate business, and for a good reason. There seems to be genuine ambiguity as to ...

Owner-occupants in the minority - Sep 28 09:55 PM
In today's Las Vegas real estate market, a common lament is that we have so much inventory because investors are trying to sell homes that were purchased during the frenzy of 2004. After a couple of years of rental income, and now in the middle of a market correction, investors are trying to lock in impressive gains (or limit their losses) and move on to their next opportunity. This has resulted in a high number of vacant ...

Vacation home sharing - Jun 07 06:08 PM
 
If you are one of the lucky ones who happens to inherit a vacation house with your siblings, it can turn out to be a traumatic experience. Sharing a place like that peacefully seems at times very difficult to do. Disagreements can flare up from a tiny issue like what to do about a bird nesting under the lakeside cottage's eaves to a larger one like who gets to visit the Las Vegas condominium on the ...

The State of the Stated: Las Vegas Residential Real Estate Winners & Losers - Aug 12 03:14 PM
Undoubtedly the demise of the stated income/subprime loan will hurt the local Las Vegas area real estate market.
Read the following:
Las Vegas Mortgage Industry: Jumbo Rates up Big by Rey GallegosGoodbye My Friend Stated by Matthew Blum Search Subprime on Active Rain Escrow 911: Subprime Fallout and the Potential Impact on the Las Vegas Valley Rebound by lil ole me last February!Help! My ARM is Adjusting and I don't have the Equity to Roll in Closing ...

Las Vegas Rental Homes: Quite Possibly on Track For Another Record Breaking Month! - Sep 22 12:58 PM
It appears that Las Vegas, NV valley is headed for another record breaking month on rental units leased in the MLS. Even if we don't break last month's record of 1735 units leased, the amount of units leased will be higher than the average 30% September decline from August.
So far in September 962 units have been leased with 494 units under contract. We are in the end of the month sprint so I wouldn't be surprised ...

Henderson, Nevada real estate - July, 2007 market statistics - Sep 08 09:47 PM
Listed below are the July, 2007 statistics for home sales in the Henderson, Nevada real estate market:
Total July, 2007 Sales: 
Single-Family:  254  (Price range: $150,000 - $2,175,000) Condo:  25  (Price range: $149,900 - $900,000) Townhouse:  26  (Price range: $114,999 - $329,000)Median Selling Price:
Single-Family:  $349,475 Condo:  $206,000 Townhouse:  $233,250Average Days on Market:
Single-Family:  77 Condo:  76 Townhouse:  79GLVAR deems information reliable but not guaranteed. Information is for MLS areas 601-606.If you have any questions or need more information about real estate in Henderson, ...

Mortgage interest deduction in some danger - Aug 26 03:33 PM
While the mortgage and real estate industries are trying to find solid footing in this soft market, Capitol Hill in Washington is getting ready to unveil this fall wide-ranging legislation that would address climate change, more specifically the reduction of carbon emissions. The goal is a cutback of 60 to 80% by the year 2050, an ambitious endeavor. It is to be achieved by raising taxes on gasoline and eliminating the mortgage interest deduction on homes ...

May posts second highest number of Las Vegas real estate Closings this Year! - Jun 06 12:57 PM
Weekly LAS VEGAS Snapshot 6.4.2007
Bob Ratliff - Las Vegas Realtor
http://www.las-vegas-homes.biz
Headline
May posts second highest number of closing this year. Supply of listings dropped 2weeks due strong finish in May. Homes in pending (to close) are at the lowest point since 4/2. With 3000 more homes on the market than in April, the Pending Index is at the lowest point for the year. Median prices appear to be holding fairly well. Will buyers waiting for ...

Confessions of a Las Vegas RE Market Cheerleader: To Know Your Market is to Love Your Market - Mar 26 08:04 PM
So I was just accused of so many things in my recent post:  "Stats" Surrounded by Doom & Gloom.
First I was accused of being a "cheerleader" instead of giving  "accurate and impartial information" like Broker Bryant.  Well I will honestly and openly admit I am NO Broker Bryant.  No one can be sooooooooo good looking like him!
Here is another difference:  Broker Bryant reports on real estate from his side of the earth:  Florida.  While I report ...

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Clark County News & Events

So Why is Everyone Telling Me the Party is Over and I Need to Turn Off the Lights & Leave? - Aug 09 12:40 AM
Yup, credit is tightening. Yup, there is too much inventory. Yup, if your house is overpriced, it will more than likely NOT sell. Yup, there are a lot of foreclosures & short sales.
There is a lot of waaaaaaaaaa waaaaaaaa waaaaaaaaa moaning and belly aching going on.
I don't want to answer my phone if it is a seller, agent and sometimes even friends. I am a prisoner in my home/office because I like to be positive ...

Zillow: Beating the Dead Horse - May 17 07:30 PM
My response (note I didn't say "rant") about Zillow's claims that it is my fiduciary responsibility (post changed to a non public forum so link removed) to post all of my listings to Zillow got a little windy.  I decided I should make it my own post to make sellers aware of a)  what is and isn't fiduciary responsibility and b)  understanding what does and doesn't work with marketing.
You can read NRS 645 to see ...

Las Vegas, NV Real Estate: Owner Will Carry (OWC) and Lease Options - Apr 29 05:49 PM
This is a primer (not intended legal advice, just my astute market observations as a real estate licensee in the state of Nevada) for anyone who is looking to Purchase or Sell using one of these types of financing.  This post was prompted by Jeff Turner's most excellent post in response to a FSBO.  This is a MUST READ.
Definitions:
Owner Will Carry:  Commonly referred to as "OWC".  This means the seller will hold the note.  Buyer usually ...

Las Vegas Restaurant Week to benefit Three Square - Aug 24 11:09 PM
One of the perks of living in Las Vegas is the amazing variety of culinary choices. Every major resort has at least one signature restaurant with fabulous cuisine. The exceptional fare from celebrity chefs often comes with a steep price, however, so upscale dining is often limited to special occasions.
From September 2 to 8, Las Vegas Restaurant Week will give diners a chance to experience some of the finest establishments for only $50.07 per person for ...

Habitat for Humanity® Las Vegas Framing Day - Aug 11 12:08 AM
On Saturday, August 11, approximately 100 volunteers from the Greater Las Vegas Association of REALTORS® will join with Habitat for Humanity® Las Vegas to frame the program's next house. This is the sixth consecutive year that GLVAR has sponsored a home.
Registration begins at 7:00 AM, with orientation and work taking place from 7:30 AM to 4:30 PM. The home is at 1937 Gregory Street (near Lake Mead and Losee) in Las Vegas. No family has been ...

Ice cream, puppies and big balloons in North Las Vegas - Sep 01 10:22 PM
September is always one of the best months for outdoor events in the Las Vegas valley. Temperatures cool off into the 80's and 90's, sometimes with a slight breeze, under clear blue skies. Residents of Aliante and North Las Vegas have two big events to look forward to:
5th Annual Ice Cream Sunday and Pet Adoption   Sunday, September 9   Nature Discovery Park   11 AM - 3 PMBring all of your two and four-legged friends to Nature Discovery ...

Why I Declined an Interview with a Major News Outlet: - Jan 18 08:00 AM
I got a call late Monday to be interviewed with a major cable news outlet.  Several people are kicking my butt (son included) because I declined the interview.
Why would I do such a thing?
First of all the inital conversation with the outlet did NOT start out well. 
"We want you to take us to foreclosed homes that will have been on the market for a long time."  Problem is, REO's do NOT stay on the market ...

Las Vegas Sellers: Pricing is Essential in this Market! - Dec 11 11:38 AM
Right now, with so much inventory, pricing is your #1 marketing tool.   
Currently your main competition is (in order):
New Construction:  New construction set the trend with prices.  The prices began to drop beginning of September and the bottom fell out in middle of October.  In general, you are looking at 6-8 month builds.  You want to price competitive with new construction yet deliver quicker than new construction.REO (bank owned, foreclosures):  Bank owned homes followed the new ...

Las Vegas, NV Real Estate: Pendings Up 536 Units in 11 Days! - Feb 21 09:17 AM
Las Vegas, NV Area Pendings for single family, condos and townhomes are up 536 units in 11 days and listings are down 332 units in the same time frame.
Buyer interest is ranging from first time buyer to experienced investor.  The frenzy is mainly due to swiftly rising rents and declining REO and attractive new construction prices.  The REO (Bank Owned, Foreclosure) market has shifted to a seller market and new construction is an option for many buyers facing ...

Are Banks Becoming the Upcoming Buy & Hold Investor in Las Vegas? - Oct 28 12:11 PM
That is the pressing question of the week!
Here is something I have noticed:
Las Vegas Rental Inventory Slight IncreaseResale Inventory Stable to Slight DecreaseLast Three BPO's have Requested a Rental CMACoincidence?
I was talking about this with an LO on Friday and he confirmed that banks are considering a buy/rent/hold strategy to avoid more asset loss with increased inventory.  Ergo foreclosures will become rental property and stay on the bank's books until better times are upon us.
What are ...

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Clark County Listings

Leaseback Opportunity on three Semi-Custom Homes in Boulder Ridge in The Ridges. Summerlin - Las Vegas, Nevada. - Jun 28 05:33 PM
Designed by famed developer Christopher Homes, Boulder Ridge is a semi-custom, single-family-home neighborhood.  Featuring four floor plans and 47 home sites, Boulder Ridge is located in the exclusive guard-gated community of The Ridges of Summerlin (Las Vegas, Nevada). 
 
 One of the three models for sale at Boulder Ridge

 
Developer Christopher Homes has offered for sale three of the four fully-furnished models with an opportunity for the buyer to receive an 8% leaseback from the ...

Nevada, Las Vegas: Four-Plex (For Sale) - Jun 06 10:31 PM
REDUCED AGAIN***INVESTORS DELIGHT***FOUR-PLEXLocation: Lake Mead/JonesREDUCED***Turnkey Four-plex, all with tenants. Just start collecting the rent! 2-story building with 4 units each has 2 bedrooms, 2 baths each. Fireplace, carpet and tile in each unit. Each unit has a balcony or deck. All appliances included, Storage. One tenant in a lease; 3 tenants on month-to-month. Drive by only! Offers contingent upon viewing property within 3 days of accepted contract. DO NOT DISTURB tenants! Lake Mead between Jones and ...

Las Vegas Former Model Home For Sale - Jun 03 06:32 PM
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3417 Thom Blvd For Sale in Las Vegas - Jun 02 07:05 PM
I have recently listed a wonderful property I'd like to share with the world. It's a beautiful single story home on over 10,000 sq ft lot. It has 2211 sq ft, 4 bedrooms, 2 baths, and a 3 car garage. As you walk into the house, you are greeted by a open living room with vaulted ceilings and a gas fireplace. The kitchen boasts granite counter tops, ceiling fans, breakfast nook, and vaulted ceilings there too. ...

$98,000 - Las Vegas Condo- Lowest in Area-Just Reduced - May 31 12:10 PM

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The Ballen Group - North Las Vegas Real Estate - New on the MLS - May 11 09:59 AM
TBG - 2 Story For Sale in North Las Vegas Real Estate  
North Las Vegas Foreclosure *WOW*
• 1,835 sq. ft., 3 bath, 3 bdrm 2 story - MLS® $199,000

North Las Vegas, Clark County  -  The Ballen Group of Coldwell Banker Wardley urges you to view this great property in person. We have several wonderful agents available most any time of day. Call 256-4900 TODAY. Be sure to ask for a BALLEN GROUP agent ...

Video blog of Luxury High-Rise Condo in Turnberry Place Las Vegas - May 03 11:29 PM
This one of a kind condominium located in Tower Four of Turnberry Place has just been completed by local design professional and several local artists who contributed to the interior finishings.  Take the video tour below.
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Turnberry Place is considered the most luxurious residential high-rise community in the Resort Corridor of Las Vegas.
Contact Luxury Realty Group and the Garcia Group for more information on the wonderful unit in Turnberry Place.  702-360-6645.  www.VegasLuxuryLiving.com 
2008 Luxury Realty Group, the Garcia Group ...

NV, Las Vegas: This House is Dying To Be SOLD! - Apr 28 12:53 AM


Call or e-mail me for all your Las Vegas Real Estate needs.

www.MaryW.com or www.MaryWarren.com

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NV, Las Vegas: Perfect for an Investor - Apr 27 11:18 AM
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Las Vegas Home For Sale - Great Short Sale Opportunity! - Apr 13 10:10 PM
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