Winter 2012 Market Update
IT’S A GREAT TIME TO BUY IN LAS VEGAS! Interest Rates are currently very low and hovering between 4.25% to 5.0%. Conventional 30 year rates have been hovering about 4.50%, FHA 4.375% and VA 4.25% +/-…. Still pretty darn attractive! Rates above were quoted from a local lender as of July 2011.

Average Home Price $150,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market 10-30 days
Best Selling Price Range$150,000 - $199,000
Worst Selling Price Range$250,000 - $299,000
Prices As % of Asking Price 100%
Existing Home Prices for the past 90 days are?No Change
Market Trend No Change
Buyers’ or Sellers’ Market More buyers than sellers
Buyer Activity for the past 90 days in Aliante isNo Change
Seller Activity for the past 90 days in Aliante is?Decreasing
Multiple Offers?Yes
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?More than 50%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Limited Supply
Inventory CommentsLimited Supply of great properties currently. You need to get educated, be proactive, and patiently wait for the right property to hit the market next. Many of the great properties are currently in contract and you’ll achieve your goals once you know what you’re looking for. Call me and I will help get you Educated!
Greatest Activity First Time Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Aliante! Many military members call Aliante home for the location proximity to Nellis AFB and Creech AFB in the North and Northwest part of Las Vegas. Please visit CCSD.net for a list of school reports in the area. Prices are great and your dollar purchases more house for the money and newer houses in comparison to other parts of the greater Las Vegas Valley and Henderson! Call me today for more details and a personal overview!
Nearest Metro AreaLas Vegas, N. Las Vegas, Henderson, and Boulder City
Housing Hot SpotsAll areas of Aliante and the Northwest are facing lower prices from a year ago. We are experiencing lower inventory levels which is putting the seller in control. This is similar all over the Las Vegas valley currently. With the seller being in control closing costs are tougher to negotiate and multiple offers are common. Please call me directly for the most detailed information. I would be happy to give you a full update and guidance. Please call for an overview of what to expect and an a detailed conversation on the local area! Call me directly at 702.523.8929
Average Sold Price $150,000 - View Graph Trend

Aliante Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mark Krempel
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Mortgage Rates
– Feb 9th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.66%
  15 yr. jumbo rate:  3.99%

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Mark Krempel
Realty ONE Group
Realty ONE Group

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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