Real Estate News: The Numbers: Southwest Las Vegas Demand for Homes is Up!

Southwest Las Vegas Demand for Homes is Up!

32.5

July 2013: Market Action Index 32.5

It's a seller's advantage in southern Nevada. A Market Action Index above 30 is an advantage to the seller. The August reporting data for July 2013 shows a Market Action Index of 32.5. There is a greater demand for sales and fewer homes listed.

Market Report Executive Summary Driggs Title Agency, Inc. (August, 19, 2013)

Upward Trends for Southwest Las Vegas, NV

The Las Vegas Valley's 89178 zip code shows inventory is tight and days on market (DOM) for single family home properties is falling. The average DOM is reported as 61 days. The other strong upward trends include the average median list price of $249,994 and average asking price per square foot at $113.  Despite the rise in prices, Buyers are at an advantage with FHA Loan Limits for Clark County for a single family property at $400,00. Mortgage buyer Freddie Mac said Thursday, July 18, 2013, the average on the 30-year loan slipped to 4.37 percent. Even with the recent gains for mortgage rates, mortgage rates remain low by historical standards! Buyers see advantages and are still interested in housing market (Fannie Mae's July 2013 National Housing Survey).

Keep informed, contact Jill Paige at  

Jill Paige Homes (jillpaige@realtyexecutives.com) and (702) 595-2922).

Pat Diskin Elementary School 2012 AYP High Achieving Growth
10135 West Quail Ave    Las Vegas, NV 89148

School News: Dream Homes Near the Right School

Buyers Seek Best Schools in Southern Nevada

Home buyers say purchasing a home in a neighbor with the best school option for their children is a contributing factor. In a 2013 "Back to School" survey, Realtor.com measured the weight schools have to influence buyers' decisions. The results show 60% of home buyers admitted that school district boundaries do impact their decision.

Is a School an Important Factor When Buying Home?

Home buyers reported school boundaries are important when purchasing a home.  The majority of the buyers, 90.53%, who completed the 2013 Realtor.com "Back to School" survey stated school boundaries are important or somewhat important in the decision. The preference for a particular school influences the amount a buyer will spend. 23.59 % of the buyers who were surveyed reported they would pay 1-5 % above their budget and 20.70 % would pay 6-10 % above budget.

Great Neighborhood, Great School

As you search and seek the ideal home for you and your family in the Las Vegas Valley, consider the following pointers:

1. Organize Your Family Needs: Write a list of factors essential for your family. Consider the square footage of the house, the lot size, number of garage spaces, and number of stories. Use this information to guide your criteria search for your new home.
2. Communicate with Your Realtor: Prepare a list of questions for your Realtor. At Jill Paige Homes you can use the Find the Perfect Property FREE service to help you as a guide. Ask about the neighborhood services (e.g. community centers, clubs, trails, dog parks, playgrounds at parks, childcare). Ask about schools (e.g. public, private, charter, and homeschool resources). Jill Paige Homes has compiled a list of schools in addition to public school information. Ask about amenities (e.g. shopping). Customize questions to meet the needs of your family.
3. Search the Neighborhoods: At Jill Paige Homes, we use HomeFinder Alert System to help you match the criteria to your ideal home. Sign up to receive alerts; the service is FREE, FAST, and CONVENIENT.
4. Review Nevada Rankings for Public Schools: Adequate Yearly Progress (AYP) is determined and reported annually by the Nevada Department of Education. Schools are designated as “Exemplary,” “Continuing Exemplary,” “Exemplary Turnaround,” or “High Achieving,” "Adequate", “On Watch List,” and “In Need of Improvement." School designation reports are usually released mid-August.

Southern Nevada: Active Adults Shop for Health and Flavor

Active Adults Shop for Health and Flavor

Get Shopping for Health and Flavor in the Las Vegas Valley

Veg Out Las Vegas offers an Oatmeal Burger

After listening to AARP Radio with Nutritionist Joyce Boyer, a regular on NBC's Today Show, the 2009 airing of "Healthy Grocery Shopping Can be Simple", inspired me to seek out options available in the Las Vegas Valley. Active adults know diet and nutrition are priorities to enjoy their lifestyle. What do the cities of Las Vegas, Henderson, and North Las Vegas offer in Nevada for health and flavor?

Las Vegas Valley Farmers Markets

Farmers Markets are located every day of the week across the Las Vegas Valley. Fresh52 is a lively, friendly, open air farmers market where neighbors and friends come together to celebrate their community. The Tivoli Village location at Rampart Boulevard and Alta Drive is one of my favorite weekly events to attend. I enjoy the selection of produce, crafts, the surroundings, and the amenities of Tivoli Village.

 

 

Vegetarian Meals to Go

One of my favorite finds at the Fresh52 Farmer's Market is Veg Out Las Vegas. Owners, Stephanie and Justin genuinely care about the vegetarian meals they create each week. Take home a selection of sauces, dips, soups, sandwich fillings, entrees and desserts to stock in  your refrigerator and freezer. A sauce like Creamy Basil Pesto (no added fat) with pasta, Lemon Broccoli Soup (no added fat), fresh green salad from the farmer's market produce and 100% Whole Wheat Chocolate Cake (no added fat) is one meal plan you can have at your easy access. Stephanie and Justin also like my recommendation for The Perfect Scoop (handmade vegan ice creams).  "They can make you a vegan ice cream brownie sundae made with Veg Out's decadent Sea Salt Brownies." One of the best ways to stay in contact with Veg Out Las Vegas is to follow their postings on Facebook which provide you with weekly menu updates and a host of photos to lure you to their locations.

 

Healthy Living Inside and Out: Your Home and Your Body

Strawberry Spinach Wrap, Stuffed Salmon, Chicken Parmesan! Chef Gene Villiatora creates the next best option to having your own personal chef with healthy food in mind.  My Healthy Meal provides the Las Vegas Valley residents with planned out meals based on dietary needs or goals, like raw, low-calorie, low-carb, gluten-free, vegetarian, high-protein. Las Vegas Weekly wrote about Chef Villiatora as "keeping it fresh". The philosophy includes the use of ingredients that are free of preservatives, hormones, fillers or antibiotics. We use organic produce when it is available.Since 2012, the mission of My Healthy Meal is "Our mission is to make healthy eating more convenient. We are taking back take-out and allowing you to reach your goals even with a busy schedule." The shopping process is easy too. Select the items you want, select the location to pick-up your meals and enjoy your dining experience at home or on the go.

Not Done Yet!  My Search Continues for Shopping for Health and Flavor

The journey will not end.  I will continue my search for eating healthy for a long and healthy life.  Join me on the search. Thank you, Jill Paige

Real Estate News: The Numbers; Las Vegas Valley Real Estate Market Gains with 57.9% Traditional Buyers

The Las Vegas Valley Real Estate Market

Gains Traditional Buyers

57.9%

Short Sales Decrease in the Las Vegas Valley Real Estate Market

The Greater Las Vegas Association of REALTORS® reported May 2013 a 31.8 % of all existing local home sales were short sales. This is a decrease from 32.5%  in April 2013. Other sales included in 10.3% of all May sales were bank-owned properties, up from 10.0% of all sales in April 2013.

 

Traditional Home Sales are on the Rise for Southern Nevada

Traditional sales increased. Las Vegas, Henderson, and North Las Vegas are seeing a positive trend in sales and a change in buyer.  57.9 percent of all sales were the traditional type, which was up from 57.5% in April 2013.

June 2013: GLVAR Local Housing Market Statistics

Keep informed, contact Jill Paige at Jill Paige Homes (jillpaige@realtyexecutives.com and (702) 595-2922).



Real Estate News: The Numbers; 22.2% Increase in Seller's Market Summer 2013

Summer is Hot in Southern Nevada; Not Just the Weather

Seller's Real Estate Market 

22.2%

 Seller's Real Estate Markets

The seller's real estate market is hot in Southern Nevada. The Greater Las Vegas Association of Realtors (GLVAR) announced, "Strong demand and a tight housing supply continue to push up home prices in Southern Nevada, showing existing home prices are now 30 percent higher than one year ago" (GLVAR, April 9, 2013).  Las Vegas, Henderson, and North Las Vegas have more buyers than available houses to buy. Dave Tina, the GLVAR president shared information about the real estate market and said that housing prices have risen and there's about a five-week supply of homes available to sell each month.  The GLVAR reported there are  more "traditional" sellers - compared to lenders, who are responsible for the short sales and foreclosures which have dominated the real estate market in recent years. Tina said "traditional" sales "account for more than half of all local home sales so far in 2013."

JUST SOLD!

Get Ready to Sell Your Home

Realty Executives has a five-step checklist to follow if you need to get ready to sell your home.
The Las Vegas Valley hot real estate market means serious buyers are often willing to pay more than list price. Forbes Magazine published "Check out the Hottest Seller's Markets: Prices Are Rising by Double Digits, Competition Is Keen and Houses Sell Fast"  March 1, 2013. The article stated, "The three key criteria to qualify as a hot seller’s market? Median list prices must have risen by double-digit rates between January 2012 and January 2013; inventory levels of homes available for sale must have dropped significantly during the same period; and houses must be selling faster than the national median. Nationally, according to Realtor.com, median list prices were slightly up for that time, increasing 0.80 percent; inventories dropped by a median 16.47 percent, and the median time from listing to sale was 108 days."  If you are a seller, here are key points to spot in a seller's market:

Take The Real Estate Temperature

• Inventory is very low as compared to previous months / years.
• Less than six months of inventory is on the market.
• Comparable sale prices are lower than active listing prices.
• More buyers are purchasing, resulting in higher closed sale numbers.
• Follow the monthly median housing sales prices.  Median house prices increase,
• Look for "For Sale signs". Few signs are posted or the signs have been up for only a few days before a pending or sold sign is posted.

(Elizabeth Weintraub, "Hot, Cold and Neutral Real Estate Markets"

The Nevada Business Magazine's George McCabe published "GLVAR reports rising home prices in Southern Nevada" May 10, 2013.  He wrote, "Statistics released today by the Greater Las Vegas Association of REALTORS (GLVAR) show existing home prices in Southern Nevada continue to increase and are now nearly 31 percent higher than they were one year ago". The median list price for a single family home in May 2013 was $164,990, an increase of 3.2% from March, and +22.2% from May 2012.

 If you feel the heat and you want to take your real estate temperature, contact Jill Paige at Jill Paige Homes (jillpaige@realtyexecutives.com and (702) 595-2922).