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There are no surprises once again inventory continues to decline, and we have seen it go down another 140 homes this week and went down 175 the previous week. We have 4,674 single family homes on the market and that is down significantly from back earlier this year. We put 808 homes in escrow and closed 605 and we saw 160 homes get withdrawn from the market. Median sold price was at $344,876 and Continue Reading
Las Vegas real estate
Weekly updates on Southern Nevada Housing Market -10/15/2020
Let us start with our weekly update and for this week we have 5,094 homes currently available. Now please remember this only single-family homes. It is down by 11 from last week. We still have pretty low inventory still, in the last 7 days we put 865 homes in escrow. And we closed 621 homes and 159 were withdrawn. The median of the sold price is $335,108 it went down a lot from last week, but then Continue Reading
Weekly updates on Southern Nevada Housing Market -10/01/2020
This week we have the total of available 5,117 on the market and please remember these are only single-family homes. In escrow we have 889 homes in contract and that is down by a little from the previous week. Also, inventor went down as well in the last week and we have closed 924 homes that went up a lot, that is a nice number to have. 200 homes have been withdrawn that is a pretty big number Continue Reading
What is an appraisal waiver?
This week we have 2 clients that purchased homes get appraisal "waivers." Why would this happen? Should I waive my appraisal as the buyer? An appraisal waiver is when the lender reviews the contract, down payment, buyers credit score, and based on the figures concludes that the homes sale price is appropriate. Just because a lender waives the appraisal, this does Continue Reading
Renting vs Buying
One of the main reasons to buy in Las Vegas right now (August 2020) is because the cost of buying is so good right now. Interest rates are at an all time low. Harvey explains in this video about this article he read from Fidelity that reviews this formula; if you take your annual rent, divide it by the price of a home purchase, if that number is less than 20, then you should buy. If the number is Continue Reading
Weekly updates on Southern Nevada Housing Market -07/23/2020
Inventory continues to shrink this week we went down 5,193 single family homes available on the market. We put another 876 homes in escrow and that went up by 23 from the prior week. We closed on escrow 695 that is up by 38 homes and 150 homes were withdrawn from the MLS and it is down from last week. That is a small number nothing unusual anywhere from two hundred is pretty much normal at any Continue Reading
Weekly updates on Southern Nevada Housing Market -07/02/2020
They stop manufacturing R-22 units back in 2010 and no longer allowed to manufacture nor reproduce it. But you can still use it for HVAC units there is a lot of misinformation going around the industry that if you have an older unit that has that R-22 you need to get it replaced as soon as possible. You can actually use R-22 in a unit for the next 10 years. So there is really no rush, EPA said Continue Reading
Weekly updates on Southern Nevada Housing Market -06/25/2020
Let’s talk about what will be happen in the next couple of weeks or months in terms of mortgages as people are coming out of this pandemic. We think it is important for our consumers what would be doable and what would not. If you were furloughed and unable to go to work and do your job, whether you were paid or not or unemployment those things are not relevant. You are giving the title of being Continue Reading
5326 Golden Gossamer St. Las Vegas, NV 89149
Check out this fabulous house in the Northwest! Highlights: -Gated Community -5 Car Garage - RV Parking -Swimming Spa -3,667 SF -.43 acre Please contact Shelley Brown (702) 596-6330 for more information! 5326 Golden Gossamer St. Las Vegas, NV 89149. Continue Reading
Weekly updates on Southern Nevada Housing Market -06/11/2020
Here are the stats for last week and this is just single-family residence, currently available we have 6,056 and the week before that we had 6,241 that has come down a bit. In the last seven days we put 821 in escrow and it went up from the prior week by 81. The number of closed went down a bit last week we close 416 homes and the for the withdrawn there was 190 this category fluctuates Continue Reading
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