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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.
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| 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 is | No 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 Comments | Limited 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 Area | Las Vegas, N. Las Vegas, Henderson, and Boulder City |
| Housing Hot Spots | All 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 |
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Mark Krempel
Realty ONE Group
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