Real Estate Information

A month does not a trend make, yet it is well to note that August 2009 prices in Summerlin increased by an average of $3.00 per square feet over July 2009.  We are currently selling at an average of $121.00 psf, with an average "Days on Market" of 59, and an average sales price of $293,553.  Houses are selling for 98% of list price.  These numbers are all improvements from the month before.

Life is good.

Here are some fun short-cuts and free adventures for those of you who like to explore their "techie" inklings . . .

http://www.REcyber.com/cybertips/katehawks

Cheers!

Check out this very positive story in yesterday's Las Vegas Review Journal about the record sales of single family residences, townhomes and condiniums in June - 4,702 - CRAZY!

http://www.lvrj.com/news/50348097.html

Check out this month's CyberTips.  The one I like best is the free iPhone application that quickly links you to what is going on in your area - very handy for traveling.

Linked below is an interesting article from RIS Media describing ten indicators determining a bottoming out of the market, pulled from guidelines established by the Appraisers Institute.  I think we're close . . . .

Have We Reached Bottom? 10 Factors to Consider

Pack your water bottles - it's supposed to be 104 degrees today!

The housing inventory in the Las Vegas Valley is drying up these days.  The average price per square foot "sold" in Summerlin is $120 psf.  It's time for the Banks to release more of the rumored 30,000 homes, eh?

Good morning!

I'm in Southern California with my kids on our annual Summer Vacation and have been checking out the local real estate market in Santa Monica.  Like Las Vegas, there are many bank-owned and short-sale properties available at attractive prices.  Southern California has a distinctly higher price point - I see very clearly why Las Vegas is such an attractive option for investment properties for those living in California.

Check out June's Cybertips - interesting free sites that help you save time.  Some are fun, too, for fellow "tech-heads" . . . .