Las Vegas, Henderson and North Las Vegas Real Estate: John Novak - Las Vegas and Henderson NV Real Estate (Keller Williams Realty The Marketplace)

Out of 447 single-family homes sold in Henderson Nevada in October, 115 (25.7%) were cash sales. Cash was even more prevalent at prices below $100,000 highlighting the intense competition that first-time homebuyers face from investors.

To find out more about buying or selling real estate in Henderson Nevada, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

The inventory of Henderson Nevada bank owned homes (REOs) has steadily reduced over the last two months. There have been reports of banks accepting more short sales and loan modifications. This needs to continue if we are to find our way back to a 'normal' real estate market.

Henderson bank owned homes sell very quickly. The median Days On Market for the 259 single-family bank owned homes that closed in October was just 17 days. The median selling price was $172,500. Buyers in the market may need to write multiple offers and go above list price to be successful.

For more info about Henderson bank owned homes or the Henderson real estate market, just give me a call at (702) 339-9700 or email me at JohnNovak@kw.com. I'm ready to go to work for you!

Homes in Boulder City saw average selling prices rise 15.36% from September to October. The median selling price increased 2.13%.

To find out more about buying or selling real estate in Boulder City, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 701-702.)

Homes in North Las Vegas saw average selling prices fall 0.68% from September to October. The median selling price decreased 3.85%.

To find out more about buying or selling real estate in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.)

Homes in east Las Vegas saw average selling prices rise 0.80% from September to October. The median selling price showed no change.

To find out more about buying or selling real estate in east Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 201-204.)