Winter 2012 Market Update
Foreclosures are getting multiple offers.

Average Home Price $425,000 - View Graph Trend
Average Price Compared to Last Year Down more than 30%
Average Time on Market 60-90 days
Best Selling Price Range$300,000 - $349,000
Worst Selling Price Range$750,000 - $799,000
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?Increasing
Market Trend Decreasing
Buyers’ or Sellers’ Market More buyers than sellers
Buyer Activity for the past 90 days in Lake Las Vegas isIncreasing
Seller Activity for the past 90 days in Lake Las Vegas is?Increasing
Multiple Offers?Yes
Multiple Offers CommentarySellers are getting Multiple Offers on Bank Owned Properties
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?More than 50%
Is Financing Available For Qualified Buyers?Yes
Comments on Financing For Qualified BuyersFinancing is available for those that qualify for: FHA, Conventional and Canadian Nationals (some restrictions apply)
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Lake Las Vegas!
Nearest Metro AreaLas Vegas
Housing Hot SpotsMost cities within the Clark County area are considered ’Housing Hotspots’
Average Sold Price $425,000 - View Graph Trend

Lake Las Vegas Local News


News for Lake Las Vegas, NV - February 12th, 2011 12:23am
Today February 11, 2011 Lake Vegas Opened the doors to the new Hotel Ravella at Lake Las Vegas. The hotel features 349 rooms and suites, each with views of the lake, the village, the gardens and/or surrounding Desert Hills. The property has a outdoor pool and cabana rentals. The lovely property replaced the Ritz which closed May of 2010.

Lake Las Vegas's 320 acre lake expanse is surrounded by 10 miles of stunning coastline outside of Las Vegas in Henderson, Nevada. The values have fallen from the market high to approximately 50% in most neighborhoods. The opportunities abound to purchase a condo, villas, townhome, single family home or custom home.
Call Lisa Hendley-Real Estate Expert at 702.328.5472 for more property details.
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Mortgage Rates
– Feb 8th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.88%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.64%
  15 yr. jumbo rate:  3.98%

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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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Lisa Hendley
Keller Williams Realty-The Marketplace I
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