Las Vegas Real Estate Inventory Update-May 8 2013

The Las Vegas Real Estate market is on fire! Last Year around this same time some areas property values were as much as 40% less than current property values. Inventory has also dramatically decreased over the last year. Below you will find a break down of our current available, sold and under contract supply of homes here in Las Vegas. If you are ready to take advantage of today's opportunity give me a call today (702) 542-1883

Single Family Residence (SFR)                             

Available – 3,350 (+42, Last Week 3,308)

Under Contract – 10,423 (+138, Last Week 10,285)

Days of Supply – 10 (+0, Last Week 10)

Short Sales – 7,705 (-39, Last Week 7,744)

                               

Condominiums and Town Homes (CONDO/TH)                            

Available – 982 (+3, Last Week 979)

Under Contract – 2,066 (+12, Last Week 2,054)

Days of Supply – 15 (+0, Last Week 15)

Short Sales – 1,602 (-11, Last Week 1,613)

                              

Combined SFR + CONDO/TH                        

Available – 4,332 (+45, Last Week 4,287)

Under Contract – 12,489 (+150, Last Week 12,339)

Days of Supply – 11 (+0, Last Week 11)

Short Sales – 9,307 (-50, Last Week 9,357)

If you would like a full copy of this weeks inventory breakdown contact me today!

Makea Turner-EXIT Realty Number One (702) 542-1883

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Real Homeowner Stories: A Miracle in the Form of a Red Envelope

For homeowners who are in danger of losing their home to foreclosure, it is common to feel like you are alone and that there is no one to help. This simply isn’t true. There are real people who have been in the same situation who have found solutions. Take, for example, Punipuao W. of Hawaii.

Punipuao found herself struggling to keep her home after her husband passed away.  “With only my income, I was no longer able to make my monthly mortgage payment,” she said. Faced with the prospect of losing the home she and her husband had bought together, she began looking for alternatives to help her keep the home.

She pleaded with the bank for relief, “but their responses gave me little information and even less hope.”

The prospect of losing the home she and her husband had shared for over 20 years was difficult. “I was so distraught,” she said. “I did not know where to turn.

“Then, one day, my miracle came through a red envelope in the mail.”

 

In the envelope was a note from a local real estate agent with the Certified Distressed Property Expert designation (or CDPE). This designation meant that the agent was trained specifically to help people like Punipuao. She called the agent.

“About four hours after I made the call, he was at my door offering help. I told him my story.” In merely two days, she received a call from the bank saying that the president of the bank was reviewing her file. “That was a good sign,” she said.

A few days after that, Punipuao had been approved for a trial loan modification. “There were many tears of gratitude at the miracle that came to me in the form of my agent. I thank god for sending me that miracle.”

Punipuao’s story is just one of many. I have a report entitled “From Foreclosure to Freedom” which tells other stories of real homeowners who faced foreclosure and found relief. Download the report, read the stories, and then contact me for a free, confidential consultation. 

Makea Turner-EXIT Realty Number One (702) 542-1883

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Las Vegas Homeowners-You May Have Equity In Your Home

Today’s real estate market is very different than it was a year ago. Prices have increased rapidly over the past 6-8 months as part of a steady recovery we’re seeing take place across the nation in real estate. If you or someone you know has a home in which they owed more on their mortgage than the property was worth, that may no longer be the case. Or perhaps you’ve just been waiting the market out for prices to increase. Well, that time has arrived.

I have a report which explains in detail why prices have gone up and why your home might be worth more than you think! The report is entitled, “3 Reasons Your Home May Be Worth More Than You Think” and I believe you’ll be surprised by when you download and read the report. Once you are done, contact me today for a free market analysis. 

Download Your FREE Report HERE

Makea Turner 

EXIT Realty Number One 

(702) 542-1883

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