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Winter 2012 Market Update
Desert Shores is a great community with 3 Lakes consisting of regular sales, pre-foreclosure, auction, bank-owned and foreclosed properties. Banks are receiving Multiple Offers on Bank Owned Properties,
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| Average Home Price | $175,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 5-10% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $100,000 - $149,000 |
| Worst Selling Price Range | $850,000 - $899,000 |
| Prices As % of Asking Price | 85-90% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Desert Shores is | No Change |
| Seller Activity for the past 90 days in Desert Shores is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Bank Owned Properties receive Multiple Offers |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 45-50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Limited Supply |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Desert Shores! |
| Nearest Metro Area | Las Vegas |
| Housing Hot Spots | Summerlin, Red Rock, Centennial Hills, The Lakes & Central Las Vegas |
| Average Sold Price | $175,000 - View Graph Trend |
Desert Shores 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.
Click here for full article...
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.
Click here for full article...
Contact Information
Mary Ann Lightfoot-Guilford
702-203-1620
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 8th, 2012 –
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30 yr. fixed rate: 3.88%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.64%
15 yr. jumbo rate: 3.98%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Mary Ann Lightfoot-Guilford
Realty One Group
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 702-203-1620
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