Las Vegas Real Estate Blog

Las Vegas really is a great place to live. The social, night scene is certainly an attraction for many be it is also a family-friendly city with quiet suburbs and calm communities. It has been resilient to many of the market affects in recent months and many experts see its strong future potential. What's left for people who may potentially relocate to the Valley is to explore it and then pays us a visit. Many important questions come up when relocating to a new city. Darren Hildreth and his team will provide you with a complimentary Las Vegas relocation guide.

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310 days of sunshine on average provides for a fabulous year of golf! 85% of the days of the year Las Vegas residents can visit their favorite course for a round of 18.

New courses are popping up all over with 6 more scheduled within the next couple of years. From the very affordable to the lavish country club courses, you can find convenient courses near your Las Vegas home.

If you enjoy golf enough that you are looking to purchase a home near a course you have a variety to choose from. Many Las Vegas properties overlook the greens and are highly sought after.

To visit Las Vegas Golf Courses view the directory.

Author: Las Vegas real estate agent: Darren Hildreth, Realtor®
Also Posted On: http://lasvegasrealestatenews.blogspot.com/

It seems as though the I-15 serves as a directional line for the transfer of housing equity. It begins with the state of California and ends at the state of Montana.

California's housing market cycles just like any other housing market. When it enters its growth period it affects all of the other markets located on the I-15. People cash out of the California market and move to Nevada communities. People cash out of the Nevada communities and move north to Utah. People there move to Idaho causing equity increases in Montana.

As people cash out of one market and move north they are able to pay a large amount of cash for their homes and moving is easy. Demand for homes in those areas goes up and in time so does the value of homes.

Watch as the next cycle comes within the next couple of years. It will only be a short time before the other markets rise in value in Las Vegas and other areas.

Factors and trends in Las Vegas suggest a future shift away from single family housing. Land prices and land shortage in the valley are two key factors that have builders considering other Las Vegas housing options. Buyer preference is also altering the focus on development build out.

Some Las Vegas market analysts say there are 8 to 10 years of land left in the valley. Such a limit in supply has driven up land prices and will continue to into the foreseeable future. At more than $1 million an acre builders struggle to justify future projects of standard single family residences at 6 per acre. It seems more reasonable to build attached housing or multi-story housing. Recent numbers show that around 70% of homes sold in the Las Vegas Valley are single family residences on an average 6,500 square foot lot. As the valley continues to build out builders will begin to alter the norm and build up.

Read more about the Las Vegas housing shift, including a report from the Las Vegas Review Journal...

Author: Las Vegas real estate agent: Darren Hildreth, Realtor®
Also Posted On: http://lasvegasrealestatenews.blogspot.com/

In mid-2006 the National Census Bureau announced the 5 fastest growing cities in the nation. What does this mean to Las Vegans? Well, it means that Las Vegas is still right there at the top. Surprisingly the incorporated city of Las Vegas was not as high as it has been in the past. From 7/1/04 to 7/01/05 Las Vegas has fallen from the number 1 fastest growing city to the 42nd fastest growing city in the nation growing around 11,000 people or 1.99%. Henderson came in at 10th with a growth in the ballpark of 8,000 residents or a 3.39% growth in population. N. Las Vegas came in at an astounding 2nd place of the nations fastest growing cities. N. Las Vegas increased its population by 18,000 people or in percentages 11.41%.

As we can see, Las Vegas and its surrounding areas are still doing very well. The growing populations and the softening but yet strong, not busting, housing market has stumped our ever "neigh saying" critics in their tracks. What can you expect when your unemployment is the lowest in the nation and you have 60 or more businesses moving to Las Vegas each year and you're running out of land to develop. All of these things say to me, " This is a GREAT market to be in!" Talk about stability and consistency, that's what Las Vegas has been all about for the past 20 years.

Read more about North Las Vegas Growth... or North Las Vegas Reputation...

Author: Las Vegas real estate agent: Darren Hildreth, Realtor®
Also Posted On: http://lasvegasrealestatenews.blogspot.com/

The National Association of Realtors provides national average real estate statisics. This quick glance is found here: NAR National Real Estate Statistics.

Here are statistics on FSBOs (for sale by owners) and other sellers/buyers. Sellers need to understand that a quality real estate agent can save home sellers a lot of headaches, money, time, and a great deal of inconvenience.

The typical FSBO home sold for $187,200 compared to $247,000 for agent-assisted home sales.

FSBO Methods Used to Market Home:

• Yard Sign . . . 51%
• Friends/neighbors . . . 53%
• Newspaper ad . . . 31%
• Open House . . . 29%
• Internet . . . 22%

Most Difficult Tasks for FSBO Sellers:

• Getting the right price . . . 11%
• Understanding paperwork . . . 16%
• Preparing/fixing up home for sale . . . 18%
• Attracting potential buyers . . . 9%
• Having enough time to devote to all aspects of the sale . . . 9%

What Repeat Buyers Want Most From Real Estate Professionals

• Help you find the right house to purchase -53%
• Help with price negotiations - 13%
• Help with paperwork - 8%
• Tell you what comparable homes are selling for - 11%
• Help determining how much buyer can afford - 11%
• Help find and arrange financing - 2%

- Las Vegas real estate agent: Darren Hildreth, Realtor®
Also Posted On: http://lasvegasrealestatenews.blogspot.com/

Henderson Nevada, to the South East of Las Vegas proper, is the fastest growing community in the Greater Las Vegas valley. Henderson is currently the second largest city in the State of Nevada. Henderson real estate has grown and developed at a phenomenal pace. Luxury homes and outstanding master-planned communities constitute much of Henderson.

Henderson Nevada Real Estate is well known for its fabulous views of surrounding mountains by day and the sparkle of the Las Vegas Strip at night. The City of Henderson also provides geographical convenience. The McCarran Airport and the "Vegas Strip" are no more than 20 minutes away for owners of Henderson Nevada real estate.

Lake Mead and the beautiful Lake Mead Recreation Area are also relatively close (a quick 15 minute trip) to those owning Henderson Real Estate putting you near Nevada water recreation. Anywhere in the City of Henderson Nevada puts you lakeside for boating, fishing, or a day at the beach!

More about Henderson...

Author: Las Vegas real estate agent: Darren Hildreth, Realtor®
Also Posted On: http://lasvegasrealestatenews.blogspot.com/

1. Select Your Property Type - Choose the type of property you are interested in from the first set of options.
2. Narrow Your Search - Using the criteria fields fill out as much detail as you can so the properties that are returned fit your desired result. Public GLVAR search tools typically only generate 50 results per search. The more narrow you make the search the better the properties will fit what you are looking for.
3. Note MLS Numbers - Make note of the properties you like by jotting down the MLS numbers. That way regardless of how many other houses may fit the same criteria as that particular property you won't loose it in the shuffle.
4. Select an Agent - A competent Las Vegas real estate agent will help you ask the right questions to narrow down your search. They will put you in the right property.
5. Have Fun! - Once you have selected a property the escrow process can be a crazy time. The initial search for a property is the most enjoyable time during the adventure.
   Return to the Las Vegas MLS Search Tool.

The MLS is a powerful service. Use it's power to investigate the market you are looking in and then work with your agent to find the right property.

Author: Las Vegas real estate agent: Darren Hildreth, Realtor®
Original Article Source: http://www.hildrethhome.com/lasvegasrealestatemlssearch/
Also Posted On: http://lasvegasrealestatenews.blogspot.com/

Las Vegas averages over 300 days of sun per year. That's a great year for golf and other outdoor activities. The drier climate has also been noted for its health benefits.

Las Vegas weather is known for the hot summers and the moderate winters. People who love the warmth and light enjoy the climate here. Residents relocate from many northern states to take advantage of warm seasonal temperatures. Some people (sometimes known as "snowbirds") own multiple properties and live in the north during the summer and live in Las Vegas during the winter. Las Vegas living is enhanced by predictable, consistent weather patterns. Usually, the weather comes from the west coast. It will bring occasional clouds and moisture from the south or north but usually residents can count on dry air for weekend adventures.

The dry climate invites people relocating to escape extreme weather elsewhere. Some, battered by snow in the north, hurricanes in the south and east or tornados in the south, come to escape to a normally very calm climate. Only a rare storm system turns into a monsoon to bring much needed rain and fabulous lightning storms. But, for the most part, Las Vegas is very manageable.

View current Las Vegas weather conditions.

Author: Las Vegas real estate agent: Darren Hildreth, Realtor®
Also Posted On: http://lasvegasrealestatenews.blogspot.com/

We are in a Buyer's market. They are in the driver's seat these days, steering for great bargains across the valley.

Resale houses are taking longer to sell - up to three or four months, compared to two weeks or less when the market was hot - and some sellers are accepting lowball offers. Gone are the waiting lists and overnight campouts as anxious buyers competed among one another for new houses. Gone too are the bidding wars for resale houses and above listing price offers. Instead, a number of home-sale indicators show how the Las Vegas Valley is now experiencing a buyer's market.

A record number of resale houses - 18,467 in April - are on the market, along with another 4,000 new homes. The increase in the housing inventory is largely attributable to real estate investors and speculators who are now trying to cash in before the market cools too much, said Dennis Smith, president of Home Builders Research Inc.

Home builders are offering purchase incentives, including free lawn maintenance, swimming pools, washers and dryers and even the cost of packing and moving customers into their new residences. Some incentive packages have been valued by builders at up to $100,000. Builders are offering higher commissions to real estate agents - up to 6 percent in some cases. With contract cancellations reaching 38 percent in some new subdivisions, builders are cutting staff and prices on new homes by tens of thousands of dollars.

Las Vegas real estate agents who represent sellers aren't hitting the panic button. With the valley's continued population and job growth, demand for housing, they say, hasn't lessened. What has changed: there are more homes for sale than there are buyers. Housing prices started escalating dramatically at the end of 2003, triggered by a relatively small inventory of new and resale homes. The inventory shrunk in March 2004 to 2,583 homes - such a paltry amount that they were selling within hours of being listed.

The dynamics of who's calling the shots have changed. In April, 18,467 resale houses were listed for sale and builders' inventories showed another 4,000 or so homes. Additionally, another 6,000 condominiums are - or will soon be - for sale after being converted from apartments. Buyers can now go after the pick of the litter and negotiate for better prices. Homeowners also are cashing in their equity, either to move up - or out of the valley altogether, he said. They're hoping to capitalize during the spring, traditionally a time of increased sales activity.

With about 30 houses entering the market daily, one broker expects the number of resale houses for sale to reach 20,000 this year - a first for the valley.

"Buyers understand there are deals out there to be had," said Ken Perlman, vice president at the California-based Sullivan Group Real Estate Advisors. "They hear the market is slowing down and they expect incentives or prices to be in their favor as they go out to look for homes."

Author: Las Vegas real estate agent: Darren Hildreth, Realtor®
Original Article Source: http://lasvegasrealestatenews.blogspot.com/2006/08/las-vegas-home-sellers-beware.html 
 Also Posted On: Las Vegas Real Estate Blog