Las Vegas, Henderson and North Las Vegas Real Estate

Henderson Home Sales: Financing by Price Range

Sun, 22 Nov 2009 19:33:11 -0600

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.

Henderson Nevada Bank Owned Homes: Inventory Update, 11-22-09

Sun, 22 Nov 2009 16:46:11 -0600

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!

Facebook Fan Page Basics

Sat, 14 Nov 2009 14:02:39 -0600

Most businesses recognize the huge marketing power of Facebook, but are unsure of how to use the platform. Should they set up a profile, a group, a fan page ... or a combination of these?

Facebook Fan Pages 101 provides a good overview of fan pages from Ron Jones at Search Engine Watch. One of the most important features is that "external search engines index Facebook fan pages."

Setting up your fan page is easy. Just go to Facebook Pages and you'll find a step-by-step guide as well as tips to prepare and build your fan base.

Already have a fan page? Share a link in the comments. We'll help you increase your fans, and your page just might inspire another!

More Facebook posts:

Keeping It Private On Facebook
Maximizing Your Facebook Fan Page
Five Facebook Fan Page Tips

Duct Tape for Facebook
Managing Your Facebook Fan Page
Facebook Fan Pages Done Right

Boulder City Home Sales: Average and Median Prices

Sun, 22 Nov 2009 00:11:45 -0600

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.)

North Las Vegas Home Sales: Average and Median Prices

Sun, 22 Nov 2009 00:08:04 -0600

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.)

East Las Vegas Home Sales: Average and Median Prices

Sat, 21 Nov 2009 20:33:57 -0600

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.)

Central Las Vegas Home Sales: Average and Median Prices

Sat, 21 Nov 2009 20:00:05 -0600

Homes in central Las Vegas saw average selling prices rise 6.32% from September to October. The median selling price increased 3.94%.

To find out more about buying or selling real estate in central 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 301-303.)

Using Videos to Educate Buyers and Homeowners

Sat, 21 Nov 2009 19:40:54 -0600

Homebuilder Lennar Corporation provides some excellent video content for consumers on its two YouTube channels -- Lennar Online and Lennar Cares.

This is a great way to reach out to potential buyers as well as future homeowners, and they also make their videos freely available to agents.

Via Lennar Corporation (Lennar Corporation):

It's pretty apparent that people are watching more and more videos online with more than 10 billion videos viewed on-line in the month of August. Did you miss the most recent news or entertainment event on TV? You can find it on YouTube. Did you miss your favorite TV show? Go to Hulu and you can see it in its entirety. Have you received an email recently with a link to a video? Or have you have seen videos show up in your news feed on Facebook? It seems everywhere you look on-line videos are present.

In order to keep up with this growing trend - Lennar has created two channels on YouTube - Lennar Online and Lennar Cares.

Our Lennar On-line channel hosts an ever-expanding selection of video podcasts containing important information regarding our Company, the industry and tips for today's home buyers with useful videos such as "10 Tips To Help You Sell Your Home", "Top 10 Things Homebuyers Should Know", "Why Buy New" and Why Buy Now". Visit http://www.youtube.com/user/LennarOnline to see our entire library of videos. Find one you think will be useful for your buyers? Feel free to embed it or link to it on your website or blog. The Lennar Online channel is a great resource for you and your buyers.

The Lennar Cares channel is dedicated to helping people care for the interior and exterior of their new home with videos featuring topics such as landscaping, caulking, electrical and plumbing being just a few of the areas covered in these educational videos. Visit http://www.youtube.com/user/LennarCares and be sure to share these with your homebuyers. We are sure they will find them helpful as they settle into their new home.

Do you currently use online videos? We would love to hear about them. Do you have any suggestions for video topics you would like to see covered? Please feel free to share and maybe your idea could be our next video. New videos are posted to the Lennar Online channel monthly so be sure to check back and see the latest.

Be sure to check out Lennar on these social media sites:

Lennar's Family of Blogs:
The Open Door by Lennar
Lennar Communities
Lennar Cares

Northwest Las Vegas Home Sales: Average and Median Prices

Sat, 21 Nov 2009 18:48:32 -0600

Homes in northwest Las Vegas saw average selling prices rise 10.15% from September to October. The median selling price increased 8.46%.

To find out more about buying or selling real estate in northwest 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 401-405.)

Southwest Las Vegas Home Sales: Average and Median Prices

Sat, 21 Nov 2009 18:43:20 -0600

Homes in southwest Las Vegas saw average selling prices fall 9.13% from September to October. The median selling price decreased only 0.61%.

To find out more about buying or selling real estate in southwest 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 501-505.)

Henderson Home Sales: Average and Median Prices

Sat, 21 Nov 2009 18:36:34 -0600

Homes in Henderson Nevada saw average selling prices fall 4.53% from September to October. The median selling price decreased 4.08%.

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.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 601-606.)

North Las Vegas Real Estate Market Breakdown

Sun, 15 Nov 2009 19:32:57 -0600

In last week's look at the North Las Vegas real estate market, I highlighted sales price, volume, and financing trends. Today I'll break down the different listing types of that market -- REOs (bank owned homes), short sales, and regular sales.

Overall we have about 2.2 months of North Las Vegas real estate inventory. When we look each of the listing types, we see that there are three distinct markets. Here are the current figures for North Las Vegas REOs, North Las Vegas short sales, and 'regular' North Las Vegas home sales.

Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/August Sales = Absorption Rate). There are 3-4 weeks of REO inventory, and just over seven months of short sales.

Distressed properties (REOs and short sales) make up 77% of the available inventory ...

... and account for 90% of the homes in escrow.

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.)

East Las Vegas Real Estate Market Breakdown

Sun, 15 Nov 2009 16:01:32 -0600

In a recent post we looked at sales price, volume, and financing trends in the east Las Vegas real estate market. Today we'll focus in on the parts of that market -- REOs (bank owned homes), short sales, and regular sales.

At first glance, there appears to be just 1.7 months of east Las Vegas real estate inventory. Looking at each type of listing, three distinct markets emerge. Here are the current figures for east Las Vegas REOs, east Las Vegas short sales, and 'regular' east Las Vegas home sales.

Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/August Sales = Absorption Rate). There are only 2 weeks of REO inventory, but over 7 1/2 months of short sales.

Distressed properties (REOs and short sales) account for 72% of the available inventory ...

... and make up 89% of our current escrows.

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.)

Central Las Vegas Real Estate Market Breakdown

Sun, 15 Nov 2009 15:11:07 -0600

One week ago we looked at some general trends in the Central Las Vegas real estate market. Today we'll explore the components of that market -- REOs (bank owned homes), short sales, and regular sales.

Overall we have about 2.2 months of inventory for central Las Vegas. But when we take a look at the details, we see three distinct markets emerge. Here are the current figures for central Las Vegas REOs, short sales, and 'regular' home sales.

Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/August Sales = Absorption Rate). We have three weeks of REO inventory, and almost six months of short sales.

Distressed properties (REOs and short sales) account for 61% of our available inventory ...

... but make up 88% of the current escrows

To find out more about buying or selling real estate in central 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 301-303.)

It's Time to Think About Local Search and How You Can Make an Impact Online

Sun, 15 Nov 2009 13:26:43 -0600

One of the challenges for real estate professionals is using a broad world-wide medium like the web to reach consumers in their local markets. It's the classic shotgun vs. rifle comparison. How can we leverage hyperlocal content?

Real estate marketing consultant Rebecca Levinson shares her notes and insights from PubCon Vegas 2009 on how businesses can effectively use the web to improve relationships, track their marketing, and connect with consumers.

"A good time to do that is now."

Visit the Real Skillz Marketing fan page on Facebook for more great tips and information.

Via Rebecca Levinson, Real Estate Marketing Consultant (Real Skillz-Clear Marketing for Your Real Estate Vision):

One of my favorite sessions at PubCon Vegas 2009 was the Local Search and Mobile Optimization session. I have been following local search for the past five years from a marketing angle. Quite awhile ago I realized that the SEM field would have to address the needs of consumers.  Consumers want to research and have a need to find local vendors online.

The local online space is fascinating because it's a space where the national players can be beat. Here's a few tips to getting it done in the local search space courtesy of Pubcon Vegas 2009,

Local business professionals can use national platforms to promote their brands, products, businesses, services and interact with consumers by leveraging their online business profiles,optimizing them, and getting links. Do you have profiles on MerchantCircle, CitySearch,Local.com,TrueLocal,Yellowbot,Yelp,hotfrog.com,, Trulia,your city directory or BBB?

A good time to do that is now.

Local business professionals can create websites with local content and gain enviable SERP (Search Engine Results Page) rank. Do you have a website with content preferably fed from a blog built into your website?

A good time to do that is now.

Local business professionals can build relationships offline with consumers and local businesses. They can reach out and advertise to them locally in traditional offline venues like local newspapers and local radio spots. They can extend to them an opportunity to guest blog or interview them. They can work on a local link campaign to get their website links on local business websites.

A good time to do that is now.

Local business professionals can analyzeand track their referral sources from their website statistics, call ins, and walk-ins.  In person or on the phone front office staff should be asking name, number, and source of referral. If online ask where and what keyword they searched to find you. This keyword research, whether online or offline is critical to local search success.

A good time to do that is now.

Local business professionals can register all of their street addresses on Google, Yahoo, and Bing. On their business profiles local business professionals should be as robust as possible by including coupons, pictures, hours of operation and video which Google ranks well on Google local.  It's important to offer as much content as possible on these business profiles because consumers may not want to go to the link out to the business professional's website.

A good time to do that is now.

Local business professionals can search their keywords on theirand to their mobile phones locally and see who is coming up, take notes, and then take measures to make sure their businesses show up for those keywords.

A good time to do that is now.

Local business professionals can seek reviews from customers who they believe would complete reviews. Local businesses can also get Citations-a mention of their business name and address- on a website even if it isn't a link. Citations help boost local rankings.

A good time to do that is now.

Local search is exciting. It's a way for local businesses to win if they do the work. I just listed 7 items as your checklist. I must mention that two of the speakers on the local search panel were business professionals in service based industries- one was a chiropractor- they are getting business locally and have local marketing plans in place.

As Google increasingly adopts to user behaviorand SERP is based on user behavior AND location isn't it time to consider your local search strategy?

It's Time to Think About Local Search and How You Can Make An Impact Online.

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