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Posts Tagged ‘sales’

affordable housing in Las Vegas, North Las Vegas, Penny O’Brien 702.321.9383 Priced under $130k

Tuesday, November 21st, 2017

HI there, VA, FHA, Conventional and Cash Buyers, Investors and Section 184 Native American Indian Home Loan Program

as many of you know, I do keep up with all the new home builders and their construction.  When I was out yesterday previewing new home builders I came across a new tract home sales person who gave me a little inside information about a new community that is opening up.  As far as I can tell right now they are going to be the least expensive new home builder in town.

If you are looking for a wonderful place and want more information call me now so I can help get you into this area and price range before anyone else.

Penny O’Brien 702.321.9383

RE/MAX Excellence

Las Vegas Housing Market. Exciting, Good news for buyers and sellers. Inventory LOW

Wednesday, February 15th, 2017

Hi everyone,

Southern Nevada home prices started 2017 with a somewhat rare and exciting. The January jump while the number of homes available for sale continued to shrink the market is strong.

According to GLVAR, the median price of existing single-family homes sold during January through its Multiple Listing Service (MLS) increased to $238,000. That was up 1.3 percent from December and up 8.7 percent from $219,000 in January 2016. Meanwhile, the median price of local condos and townhomes sold in January was $113,500, up slightly from December, but down 5.4 percent from January 2016.

This is great for homeowners  because they actually are gaining equity in their homes.

The median single-family home price in Southern Nevada two years ago at this time was $200,000. One year ago, it was $219,000, “and now it’s up to $238,000. That’s a pretty great increase. .

Las Vegas  home sales have also been on the rise. There are many reasons for  home sales increasing, including an improving Las Vegas economy, and of course many of you know that home prices that are still lower than in most parts of California and a local population that is growing by about 2 percent per year.

Call, text or email me, GowithPenny@yahoo.com

702.321.9383

 

Prices & Sales Continue to Rise in the Las Vegas Housing Market, March 2016

Friday, April 15th, 2016

Hi Everyone, Happy Friday from Sunny, Windy Las Vegas:

Words: The Central Banker’s Conundrum April 8, 2016 — Mortgage rates declined a bit this week,

April 8, 2016 — Mortgage rates declined a bit this week, as investors refocused on global economic troubles and the words and deeds of central bankers around the globe.

Although modest U.S. economic expansion continues, doubts remain that it is durable enough to continue in the face of considerable worldwide headwinds, or strong enough so as to be an engine to help lift the world from its malaise. Certainly, many central banks are employing novel approaches to try to spark growth in their economies, but so far the only success story to be seen is here.

Much as it might like to, the Fed cannot lift interest rates as desired, at least not without causing the kind of market-disrupting outward ripples we endured in the aftermath of the Fed’s small move to the Federal Funds rate back in December. That move — and plans for as many as four more this year — so unsettled markets that the Fed was forced to back down its expectations for lifting rates in 2016 from four moves to two.

As they usually do after tumultuous periods, markets settled, and now, with Fed policy de-tuned, there aren’t any immediate rate changes for which to plan or hedge. The Fed is watching the data for clues, the market is watching the Fed for clues, with both reacting accordingly when they come. At the moment, the Fed is “talking down” expectations for growth and rates by highlighting the risks and challenges the economy faces. This has helped mortgage rates to fall, but presents a bit of a quandary for the Fed’s messaging to markets.

HSH.com’s broad-market mortgage tracker — our weekly Fixed-Rate Mortgage Indicator (FRMI) — found the overall average rate for 30-year fixed-rate mortgages eased by eleven basis points (.11%), slipping to an average 3.67%, its lowest value since May 2013. The FRMI’s 15-year companion found a little less space to fall, with this week’s average trimming nine basis points to an average rate of 3.07%. Rates on fully-insured FHA-backed 30-year FRMs remain considerably below their Fannie and Freddie counterparts but declined far less than they did, falling by just four basis points to land at an average interest rate of 3.55%. Meanwhile, the overall 5/1 Hybrid ARM continued tracked the FRMI completely, sliding by eleven one-hundredths of one% to land at 2.90 percent for the week.

The median price for condos was also up for the 47th month in a row.

with home sales have been higher than the year before ten of the last twelve months.

The housing market continues to be on the side of sellers.

The median price for single-family, re-sale homes in the Greater Las Vegas area rose, year-over-year, for the 47th month in a row in March.

 

I will say once again, INVENTORY is very low.  If you are ready to move please give me a buzz so we can go over your Real Estate needs.  I am here to help.  Thank you for your time.  Penny

 

First Quarter 2016 Housing Summary for Las Vegas, North Las Vegas, Henderson and Boulder City

Tuesday, April 12th, 2016

Hello Folks:

Here you will find the housing summary for the First Quarter of the Las Vegas Housing Market, it includes North Las Vegas, Henderson and Boulder City.  If you are in need for more information about our housing market here in Las Vegas, you know you can always contact me via: text, cell, email or just yell for me.  Have a great day.  Penny

 

MONTH                                                 Number of Sales        Sq Ft.      Average Sale Price            Aver $ per SF

Jan                                                                   2,253                         1,856               $226,628                             $117.90

Feb                                                                  2,570                          1,881                244,354                              119.90

March                                                   3,355                                          1,811                 219,542                               115.20

 

There has been a steady increase in the number of properties sold month to month during the first quarter of 2016.  We have also seen that during the 1st quarter of 2016 there were more conventional loans used every month to purchase vs. cash and FHA loans.  There was an average of 670 short sales every month during the 1st quarter.

This report includes information on Single Family Homes, townhomes and condominiums in Las Vegas, North Las Vegas, Henderson, and Boulder City.  The information is deemed accurate but not guaranteed.  Thank you for checking out my blog.  I am always here to service new and repeat clients.  Did I mention I love selling Real Estate here?  Well, I do.

 

 

.

Penny O'Brien
Las Vegas | Henderson | Summerlin Realtor/Real Estate Agent


Cell:  702.321.9383
Email: lasvegasniceliving@yahoo.com

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