Brand New Homes on Sale

Most national home builders are publicly traded companies and there fiscal year will end with the calendar year.  What this means for consumers wanting a new home is now is the time to buy and make it quick.  Any home builder with standing inventory is shaking in there boots right now.  They need the inventory off the books regardless of cost or loss.  There are some good specials to be had here in Las Vegas.  Some builders are including all appliances and will pay all closing costs and even willing to drop the already reduced price.  The price on new homes has shot up over the past few months but with these year end specials, they are a great deal.  After December 31st, the builders won't mind the homes sitting again until the jump in the market that happens virtually every spring.  For the latest deals check out brand new homes on sale and ring in 2014 in a beautiful new home.

Las Vegas Real Estate Stabilizing

The Las Vegas real estate market has been hot over the past few months.  It appears the heat just like summer is leaving.  The Greater Las Vegas Association of Realtors announced yesterday that the average home price in September was down 1.1% from August 2013. 

There are several reasons this may be.  I can attest that as an active Realtor in Las Vegas I have seen some neighborhoods that have dropped a couple thousand dollars but this is certainly not across the board.  I expect the main reason in the average price dropping is that more lower priced homes were sold and fewer higher priced homes.  When you average it this will show a slight drop.  Prices certainly are stable and are not falling like a brick. 

As a Realtor in Las Vegas my main objective, besides providing the best service to my clients, is keeping a pulse on the market.  The market started cooling in the middle of August and is not chugging along with no help from the government shutdown but I will save that for another post.

If you have been thinking of selling, now is a great time as prices are up significantly for the year.  Las Vegas real estate is stabilizing and you can get a free report on the current value of your home here.

Las Vegas Becoming A Buyers Market

No, Las Vegas is not becoming a buyers market anytime in the immediate future.  However, the market is certainly stabilizing.  There are now nearly 6,000 single family homes available which is up about 50% in the past month.  Multiple offers are still happening in various parts of the valley.  Particularly the southwest and Henderson areas.  Now, sellers are getting greedy.  With more homes on the market, prices have stopped rising so quickly even falling slightly in a couple areas. The new thing I am seeing daily in working with home buyers is that the sellers are asking to waive the contingency on appraisal.  I don't recommend doi9ng this unless you are able to pay the difference in cash.  See homes in Las Vegas here.

New Whitney Ranch Community

The new Whitney Ranch community being built by DR Horton will have over 200 homes when completed.  This is the first new community in this area of Henderson in several years.  Popular because it is close to the Sunset at Galleria shopping center along with restaurants and shopping along Stephanie Street and Sunset Road.  The subdivision features one and two story homes and prices start in the high $200,000's. 
 
The builder, DR Horton, is putting a lot of pride and craftsmanship in this new Whitney Ranch community.  Granite counter tops are standard in the kitchen and they offer great options for built in desks and additional cabinet areas throughout the homes.  With homes ranging from 2,430 - 3,180 square feet, there are plenty of options for every family.  With average lot sizes over 6,000 square feet and larger lots available, this provides for great opportunity for outdoor spaces, barbeque area, outdoor dining and even a swimming pool. 
For your personal new Whitney Ranch community tour, contact me to set an appointment at 702.286.3434 or email mike@lvhomesbymike.com.  Click the following link to find additional homes in the Whitney Ranch community .

Las Vegas Real Estate Looking up

Yesterday I wrote about Las Vegas having the highest appreciation of home prices in the US.  Well, last night I had the opportunity to list to  Professor of Economics at UNLV Stephen Miller speak.  He took to the stage in front of approximately 200 real estate professionals.  He had all kinds of charts and graphs to discuss where the Las Vegas real estate market has been and where it is headed.  Professor Miller demonstrated several time the "bubble" in the market from 2007 - 2012.  Additionally Professor Miller also showed how the market is recovering and that under no circumstances does it appear that we are entering another bubble.  The bottom line is the housing market crashed so bad, the recovery we are seeing actually appears modest but is expected to continue.  Professor Miller also stated he expects interest rates to remain low for quite some time.

The event I attended was at The M Resort and was sponsored by Chase Bank.  I have to just say, I am very impressed with the mortgage programs Chase offers, particularly for first time home buyers and condo financing which has been an issue here in Las Vegas the past few years.

If you are looking to buy or sell in the Las Vegas or Henderson area, please contact me for a free consultation.

Springing for a Move

It is spring time here in the desert.  As I am typing this, my office windows are open and I hear the birds singing.  Spring is also the time of year when most people decide to move.  Deciding the city or neighborhood to move to is usually the easy part.  Finding the perfect home and selling your current home and having everything coordinated time wise is where it gets tricky.

Having a great real estate agent isn't just nice, it is necessary.  If possible use the same agent to sell your current home and purchase the new home because they know your selling situation and can guide you best in the purchase of your new home.  When moving out of state or to a different city using the same agent is not always possible but the agent selling your home may be able to refer you to an agent they know in the area you are moving to.  That way the communication is open and there are no surprises.

Having a real estate agent that not just shows you property but actually works on your behalf to negotiate a great deal plus communicate the process along the way is vital to your move going as planned.

If you need to sell or purchase a home in the Las Vegas, NV or Henderson, NV area, please check out my website I will be glad to provide you the service you want and need.