Las Vegas Home Sales Blog Posts

Las Vegas Home Sales Skyrocket In Real Estate Market For 13 Months

ForeclosuresLas Vegas home sales skyrocket in real estate market for 13 months in a row.  The Greater Las Vegas Association of REALTORS reported prices continued to decline in April and is leading the US in home sales.

Homes listed for sale in the multiple listing service has continued to decline in April to 22,112.  A 3.6 percent fall from a year ago of 24,000 units.  Inventory also declined due to the moratorium the Fed placed on real estate from November 2008 to March 2009.

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Foreclosures In Las Vegas Have Affected Home Sale Prices Dramatically

ForeclosuresForeclosures in Las Vegas have affected home sale prices dramatically.  Sale prices have fallen to levels only seen eight years ago due to two thirds of homes due to foreclosures.

Nearly the past 12 months rising home sales due to a multiple listing service median existing home price of $134,900 in March. The median price same month in 2008 has fallen 41.3 percent.

Record closings of totaled 3,626 homes or an increase of 85.6 percent.  The median price of bank owned home closings during March was even lower at $127,000.

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Las Vegas Real Estate Market Update & Resale Home Sales For Dec 2008

ForeclosuresLas Vegas real estate market update and resale home sales for December 2008.  The Greater Las Vegas Association of REALTORS reported median home prices fell 32.7 percent and home sales went up almost 300 percent from a year ago.  Buyers are realizing that it is a great time to buy property.

Good news to report that during this time of economic crisis the monthly residential real estate sales continues to increase.  Traditionally December is a slow month for sales, but not for Dec 2008.

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Las Vegas Real Estate Market Update & Resale Home Sales For Nov 2008

ForeclosuresLas Vegas real estate market update & resale home sales for November 2008.  There were more than 60 percent of homes listed in the multiple listing service as bank owned resale properties.  With 2008 being one of the worst home sales years it will take a while for the market to rebound.

Nationwide news chronicle reports mortgage rates keep dipping.  Many home owners took advantage of the almost 5 percent rate recently and are seeking a home refinance.  Will this be a push the market needs for an economic stimulus?  Or is the worsening economy negated by the benefits of the rates in the very heavy foreclosure glut of Las Vegas Nevada real estate?

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Million Dollar Luxury Las Vegas Real Estate Sold From Dec 8-14 2008

Las Vegas Luxury Real Estate

Las Vegas Nevada Real Estate

Luxury Real Estate Home Sales For Dec 1 - 7 2008

$2.28 million, Red Rock Country Club in Summerlin, 5,555 square feet, 5 bedrooms, 4.5 bathrooms, custom iron railings, marble and wood floors, extensive stone and millwork, Viking appliances and remote shades in this luxury golf course home.

$1.18 million, Summerlin Real Estate, 4,586 square feet, 3 bedrooms, 3.5 bathrooms, guard gated golf course home, highly upgraded, grand entry, courtyard with waterfall.

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Million Dollar Luxury Las Vegas Real Estate Sold From Dec 1-7 2008

Las Vegas Luxury Real Estate

Las Vegas Nevada Real Estate

Luxury Real Estate Home Sales For Oct 14 - 20 2008

$1.35 million, Red Rock Country Club in Summerlin, 5,037 square feet, 5 bedrooms, 5.5 baths, and mountain views, custom cabinetry, infinity edge pool, mahogany wood and travertine floors.

$2.5 million, Canyon Gate Country Club luxury home, 7,876 square feet, 5 bedrooms, 5.5 baths, three-fourths acre, casita, fairway golf course views, five-car garage and pool.

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