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Tuesday, November 26, 2013

Las Vegas Real Estate Market Report: 11/20/13


Las Vegas Real Estate Market Report: 11/20/13

This is the latest Las Vegas Real Estate Market Report for the week,
data is obtained from the Greater Las Vegas Association of Realtors MLS.Single Family Residence (SFR)                                   
Available – 7,073 (+62, Last Week 7,011)
Under Contract – 7,556 (-114, Last Week 7,670)
Days of Supply – 29 (+1, Last Week 28)
Short Sales – 5,836 (-74, Last Week 5,910)
                                     
Condominiums and Town Homes (CONDO/TH)                               
Available – 1,839 (+6, Last Week 1,833)
Under Contract – 1,354 (-35, Last Week 1,389)
Days of Supply – 41 (+1, Last Week 40)
Short Sales – 1,167 (-18, Last Week 1,185)
                                    
Combined SFR + CONDO/TH                                
Available – 8,912 (+68, Last Week 8,844)
Under Contract – 8,910 (-149, Last Week 9,059)
Days of Supply – 31 (+1, Last Week 30)
Short Sales – 7,003 (-92, Last Week 7,095)




Contact The TurnerMac Group Today
Makea Turner-702-542-1883
Paul Macaluso-702-542-1993

Las Vegas Home Selling During The Holidays

Are you sitting on the fence when it comes to selling your property here in Las Vegas? Do you want to get top dollar for your home when you do sell?
Hello I'm Makea Turner with the Turner Mac group. I'm here to tell you that right now is a great time to sell your property. With the Holidays around the corner some buyers tend to put their home search on hold until after the holidays however there are many serious buyers who understand that sales tend to slow down during this time of the year and want to take advantage of the decrease in competition when purchasing. The goal of today's video is to help you make an informed decision about selling your property before or after the holiday season.
Let me take a moment to share with you exactly what we are seeing in the Las Vegas real estate market. In September there were 3,888 homes sold. This is down from 6 months ago where we were seeing over 4,400 homes sold per month. 70 % of properties sold in September were traditional sales. This number has increased 10% from 6 months ago when traditional sales represented 60% of homes sold.
The number of total short sale properties sold is down to only 15%. Just 6 months ago short sales represented 25% of all closings. Recently there have been huge increase in Notice of defaults filed here In Las Vegas and we expect to see more short sale inventory coming onto the market soon because of these filings.
Bank owned inventory is down to only 7.5% of the available inventory, 6 months ago bank owned inventory represented 9% of the resale market. This is great considering just a few years ago bank owned inventory flooded the Las Vegas real estate market and represented about 60% of the available inventory.
The median sales price for a home in the Las Vegas is currently $154,995. This is up from 6 months ago when the median sales price was $143,500. In September 47% of all closings were cash. This number is down from 6 months ago when cash purchases represented 60% of closings. 1,827 properties closed in September with financing. This means that banks are now once again financing deals that are priced right in our current market.   
With available inventory increasing each month and the looming threat of a wave of short sales hitting the market which will depress pricing now is the right time to sell you Las Vegas Home to get top dollar in this market.
Contact me Makea Turner with the TurnerMac Group today to get your home sold fast for top dollar before you miss out on this great opportunity. Call me on my direct line 702-542-1883 or send me an email to Makea@turnermacgroup.com to learn more about how I will get your home sold fast for top dollar in today's market before it's too late. Thanks for watching today's video and I look forward to hearing from you soon.






Contact The TurnerMac Group Today
Makea Turner-702-542-1883
Paul Macaluso-702-542-1993

Las Vegas New Home Communities Update

In today's video I will share some interesting facts about Las Vegas New Home Communities that all buyers need to be aware of. Before buying a new home in Las Vegas it is always a good idea to know what the Las Vegas New Home Communities sales and statistics are. Las Vegas New Home Communities are a great option for buyers who do not want to compete with other home buyers in this market. There are several New Home Communities in Las Vegas for buyers to choose from that are located across the valley. Check out today's informative video to learn more about Las Vegas New Home Communities and the recent sales activity for new homes in Las Vegas. Make sure you subscribe to the TurnerMac Groups YouTube channel to stay up to date with all the latest news and information about the Las Vegas Real Estate market.







Contact The TurnerMac Group Today
Makea Turner-702-542-1883
Paul Macaluso-702-542-1993

Monday, November 4, 2013

Section 10 Las Vegas Update – Section 10 Las Vegas Homes For Sale Video Update



In today’s video I will share news about Section 10 Las Vegas homes for sale and what has been happening in Section 10 here in Las Vegas. Section 10 in Las Vegas is a very desirable part of town many people want to own in for many reasons which I will cover in today’s video. There are a ton of advantages to owning a property in Section 10 as you will soon learn.

  Section 10 Las Vegas Homes for sale range in size and price so there is something for everyone who may be interested. 

If you are not familiar with Section 10 here in Las Vegas after watching today’s short video you will have a much better idea of what it is all about. For those of you who know about Section 10 here in Las Vegas and want to own your own home in it please contact me today to begin finding the right Section 10 Las Vegas home for sale that fits what you are looking for.

Makea Turner- Turner Mac Group, Simply Vegas (702) 542-1883


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