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Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles.
Sun City Aliante is located in the Aliante Area of North Las Vegas,
NV (zip 89084). There are 1829 homes in Sun City Aliante ranging from
1157-2104 Square Feet. Community Amenities Include: Community Golf,
Clubhouse, Gym, Pool, Spa, Tennis, Recroom.
Sun City Aliante Market Report:
- Listings (5/15/2012): 19
- Under Contract (5/15/2012): 37
- Sold April 2012: 16
Sun City Aliante is currently enjoying a seller's market.
Since Last Month: Aliante Sun City, North Las Vegas Listings NO CHANGE, Contracted Homes DOWN -2, Sales UP +3
For Current and Past Sun City Aliante Market Reports
View Sun City Aliante Homes For Sale Here (Updated Daily)
More Information on Sun City Aliante Real Estate Here
More Las Vegas Communities Here
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Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284. Active listings are down again for the 16th month in a row! 2012 will be another interesting year for Las Vegas Real Estate!
Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)
- Listings (5/15/2012): 4813
- Under Contract (5/15/2012): 15921
- Sold April 2012: 3789
Short Sales:
- 28% of Listings
- 30% of Sales
REO (Foreclosures, Bank Owned:)
- 15% of Listings
- 39% of Sales
In One Month: Listings are DOWN -1004 units, Contracted Listings UP +361 units, Sales are DOWN -430 units. Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times.
DOWN PAYMENT ASSISTANCE HAS NOT ENDED FOR FIRST TIME BUYERS, HOWEVER!!
Last Month's Pending Report
For Most Current Las Vegas Real Estate Inventory Market Report Click Here.
What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?
General Las Vegas Area Real Estate Market Reports
are for MLS Areas 101-606 (the average consumer probably asks, what’s
that?) It means that I cover the cities of Las Vegas, Henderson, North
Las Vegas including unincorporated Clark County Townships of Whitney,
Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley.
They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.
View More FAQ About My Las Vegas Area Real Estate Market Reports.
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Las Vegas Area May 15, 2012 Active Listings by Type
- REO: 714 (15%)
- Short Sale: 1366 (28%)
- All Other: 2733 (57%)
April 2012 Sales by Type:
- REO: 1480 (39%)
- Short Sale: 1152 (30%)
- Other: 1157 (31%)
This is just a guide for consumers to see what types of properties
are closing vs what is listed. Currently we have the most closes in the
REO sector and the least inventory in the REO sector and it is an
extreme seller's market.
Click here to see last month's Listing and Sales Type Report
Click here to view the most recent stats
What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?
General Las Vegas Area Real Estate Market Reports
are for MLS Areas 101-606 (the average consumer probably asks, what’s
that?) It means that I cover the cities of Las Vegas, Henderson, North
Las Vegas including unincorporated Clark County Townships of Whitney,
Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley.
They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.
View More FAQ About My Las Vegas Area Real Estate Market Reports.
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The absorption rate for Las Vegas Valley Area Short Sales
appears to be swinging from a neutral market back to a seller's market
as the new year approaches. Since last month: Active Listing Inventory
has DECREASED by -598 units. Under Contract has INCREASED by +515 units.
Sold units have INCREASED by +12 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
- Listings 5/15/2012: 1366
- Pending 5/15/2012: 11768
- Closed April 2012: 1152
Short Sales Currently Account for:
- 28% of All Las Vegas Valley Listings
- 30% of All Las Vegas Valley Sales
Read here for last month's report on Las Vegas Area Short Sales.
Most Current Market Report For Short Sales
Information About the Short Sale Process for Las Vegas Area Short Sale Buyers & Sellers
What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?
General Las Vegas Area Real Estate Market Reports
are for MLS Areas 101-606 (the average consumer probably asks, what’s
that?) It means that I cover the cities of Las Vegas, Henderson, North
Las Vegas including unincorporated Clark County Townships of Whitney,
Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley.
They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.
View More FAQ About My Las Vegas Area Real Estate Market Reports.
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**The Freefall Inventory Plunge Continues in Las Vegas!!!**
We are still squeezed for inventory. New REO listings are few and far between thanks to AB 284
with currently no end to that drama in sight. Multiple offers on well
priced homes are widespread. Everyone from first time buyers to
investors are taking advantage of "opportunity".
Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post.
Las Vegas Area Real Estate Market Watch was created for informational purposes only.
This is for all the buyers wondering "where is the inventory"? The
inventory is here, this graph shows that buyer interest is extremely
high and gobbling up all that new inventory coming online!
This is also for people saying "shadow inventory exists"! Well I believe it exists but it also exists in Las Vegas short sales which has tripled to quadrupled it's formerly stagnant close ratio since late spring.
These are Listing/Under Contract & Pending/Sold Trends from December 2007-May 2012.
Contracted closings are stalled because of the large amount of Las Vegas short sales that are contracted.
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Las Vegas High Rise Rentals:
- 220 Listed 4/15/2012
- 29 Under Contract 4/15/2012
- 64 Leased March Inventory
- Low Leased Price: $625/Month (Wimbledon)
- Median Leased Price: $1650/Month (Sky)
- High Leased Price: $8500 (Panorama)
Las Vegas High Rise Resales:
- 397 Listed 4/15/2012
- 177 Under Contract 4/15/2012
- 79 Closed March 2012
- 5.0 Months Inventory
- Low Sold Price: $39000 (Lake Las Vegas)
- Median Sold Price: $155000 (Palms Place)
- High Sold Price: $1495000 (Turnberry Place)
This Market is extremely volatile due to the boutique nature and lack of condominium financing. Read last month's report here.
This report is
compiled by using data from the GLVAR MLS. Data is gathered by the
"HIGH RISE" field. Information is deemed reliable but not guaranteed.
What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?
General Las Vegas Area Real Estate Market Reports
are for MLS Areas 101-606 (the average consumer probably asks, what’s
that?) It means that I cover the cities of Las Vegas, Henderson, North
Las Vegas including unincorporated Clark County Townships of Whitney,
Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley.
They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.
View More FAQ About My Las Vegas Area Real Estate Market Reports.
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Rhodes Ranch Area Resale Market Report (homes for sale, pending and sold):
- Active Listings (4/15/2012): 88
- Under Contract (4/15/2012): 363
- Sold March 2012: 104
- Low: $47,000 (Vistana)
- Median: $121,000 (Huntington)
- High: $410,000 (Rhodes Ranch)
Rhodes Ranch Area Rental Market Report (homes for rent, contingent, leased)
Last Month's Market Report
Includes: Apache Hills, Apache Springs (The Falls), Astoria Homes at Rhodes Ranch
(Independence), Canyon Trail, Huntington, Liberty @ Warm Springs, Maplewood, Rhodes
Ranch, Richmond@ Rhodes Ranch, Sierra Madre, Venezia, Vistana.
Rhodes Ranch Area Community Information, Listings & Homes for Sale
Rhodes Ranch Area Most Recent Real Estate Market Report
More Las Vegas Communities Here
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Cash is the obvious dominator with overall
Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES
financed purchases under $75000. The primary reason is the stuff priced
under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may choose cash
offers that may be lower than financed simply because financed offers
have exceeded their appraised price on the property or because there are
less contingencies and they can close quicker (which takes the asset -
or liability - off of their books quicker.)
Condo financing
is currently a challenge in the Las Vegas Area. Lenders want to see low
investor concentration, low HOA deliquencies and no construction defect
or other litigation against HOA or community. To determine if a condo
is eligible for financing, a condo certification may be ordered from the
HOA (this does cost money) and have it run by an underwriter.
Whether you are all cash or a financed buyer, you can search Las Vegas Area (Henderson & North Las Vegas too) homes right here for free and no obligation!
View other REO Stats for the Las Vegas Valley!
Last Month's Las Vegas Area REO Financing Profile Report
Learn More About Buying Las Vegas REO
What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?
General Las Vegas Area Real Estate Market Reports
are for MLS Areas 101-606 (the average consumer probably asks, what’s
that?) It means that I cover the cities of Las Vegas, Henderson, North
Las Vegas including unincorporated Clark County Townships of Whitney,
Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley.
They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.
View More FAQ About My Las Vegas Area Real Estate Market Reports.
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Renters are becoming buyers finally as resale purchase prices drop
and economic conditions in the valley are preventing high numbers of new
incoming residents to move here. This has softened rental prices
slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.)
Units Leased:
- March 2012: 3031
- February 2012: 2835
- January 2012: 2471
- December 2011: 2114
- November 2011: 2290
- October 2011: 2399
- September 2011: 2535
- August 2011: 2750
- July 2011: 2396
- June 2011: 2485
- May 2011: 2376
- April 2011: 2342
- March 2011: 2307
- February 2011: 2253
- January 2011: 2002
- December 2010: 1889
Average Monthly Rental Rates:
- March 2012: $1621
- February 2012: $1347
- January 2012: $1447
- December 2011: $1307
- November 2011: $1328
- October 2011: $1355
- September 2011: $1279
- August 2011: $1422
- July 2011: $1434
- June 2011: $1765
- May 2011: $1257
- April 2011: $1207
- March 2011: $1497
- February 2011: $1501
- January 2011: $1449
- December 2010: $1563
Median Monthly Rental Rates:
- March 2012: $1095
- February 2012: $1080
- January 2012: $1095
- December 2011: $1095
- November 2011: $1095
- October 2011: $1100
- September 2011: $1145
- August 2011: $1125
- July 2011: $1125
- June 2011: $1150
- May 2011: $1150
- April 2011: $1100
- March 2011: $1100
- February 2011: $1100
- January 2011: $1100
- December 2010: $1100
Las Vegas Area remains a Landlord's Market in the Rental Sector for the Las Vegas Valley.
How to check to see if the home you are renting is in default
Last Month's Las Vegas Area Rental Home Report
How to Rent a Home in Las Vegas - Fill Out the Form on this page to rent or ask for property management services.
Typical Move in Costs for Renting a Las Vegas Home
Search for Rental Homes:
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