Just Sold!

7660 Hartwell Drive off Paradise and Robindale sold for $340,000.  This gorgeous home boasts 3,433 square feet and features 4 bedrooms plus a large bonus room.  The pool and spa are what made the new owner fall in love.  As the listing agent, I marketed this home for only 3 weeks before it sold.  For a FREE Home Value Report on the current value of your home click Just Sold!

3,433 Square feet of beauty plus Pool & Spa

This gorgeous home located near Paradise Road and Robindale in Silverado Ranch with easy access to the Las Vegas strip and airport.  The home features 3,433 square feet of beauty plus a pool and spa.  The upgrade are not just "pretty" upgrades either, there are functional upgrades too.  Dual Trane A/C units that have air filtration and dual water heaters so hot water never runs out.  Real wood floors in the kitchen and family room.  Berber carpet in the formal dining room and living room.  Two fireplaces, located in the family room and double sided in the master bedroom.  The bonus room make a great home theater room, office or play area and features a wall of custom built in cabinets.  The 4 spacious bedrooms offer personal space for every family member.  Separate tub and shower in the master bath as well as the upstairs secondary bath.  The downstairs bedroom offers direct access to the downstairs 3/4 bath.  Call the listing agent, Mike Kruse for a personal showing at 702-286-3434.  See 3,433 square feet of beauty here for additional information.  This home is listed at $344,900.

Silverado Ranch Still a Hot Las Vegas Market

The Silverado Ranch area of Las Vegas remains one of the hottest areas in the Las Vegas valley in terms of real estate.  Housing inventory has increased by nearly 50% over the past few weeks in the Las Vegas area, however it has only increased by about 20% in the Silverado Ranch area.  Some neighborhoods in Las Vegas, particularly in the northwest an d northeast areas of the city have even seen slight decreases in prices in the past couple weeks.  If you have been on the fence and thinking about selling, it is still a great market but don't wait.  With school going back it is expected that the market will soften some as it does every year at this time.  To find out what your home is worth click here.  The bottom line is that Silverado Ranch still a hot Las Vegas market for real estate.

Welcome Home to Silverado Ranch.

Have you been waiting for just the right home.  Welcome home to Silverado Ranch.  This 3 bedroom 2 1/2 bath 1,612 square foot home sits on a pool sized lot and is ready to move in.  This wonderful home features vaulted ceilings at the entry and formal living room with leads to the family room and large kitchen.  All 3 bedrooms are upstairs and offer multiple windows for natural light. Welcome home to Silverado Ranch, listed at $210,000.  Plus a community pool and Tennis Courts.

Silverado Ranch Real Estate Market is on Fire

The Silverado Ranch real estate market is on fire.  It remains one of the hottest areas in Las Vegas.  While there has been an increase in the number of homes for sale in Las Vegas, Silverado Ranch has not.  The multiple offers continue to come in hot and heavy in the 89123 and 89183 zip codes in Las Vegas.  Homes are averaging near or over $100 per square foot now and most home sellers are no longer under water. 

Several people have asked me if the market will stop or reverse since interest rates have risen.  The easy answer is, no.  Remember a few years ago when 6% interest rate on a mortgage was great?  While rates are no longer in the 3% range, the low 4% range is still historically low.  Some buyers will get pushed out but most will be thankful to simply get a home.  Prices of homes will not continue to increase as rapidly as they have over the past 6 months.  In many parts of Las Vegas we are already seeing a slowing of increases and the number of offers being put on a home when it hits the market.

Thinking of selling?  The Silverado Ranch real estate market is on fire but won't be forever, contact me to sell for the highest price possible now.

Interest Rates Affecting Real Estate

How are interest rates affecting real estate in the Silverado Ranch area of Las Vegas?  The recent increases in interest rates are putting some home buyers on the side lines as they are pushed out of the market or simply feel rates will come back down.  I suspect these individuals will be disappointed in a year when rates are between 5%-6%. 

For home sellers, this is still a great time to sell.  There are still plenty of willing and able buyers and inventory of homes remains low although inventories have risen by about 20% in the past 3 weeks.  While home prices will continue to rise, it will be at a much slower pace for the remainder of the year than it has been.

Thinking of selling?  Contact me for a current home evaluation.

Protect Your Home While You Are Away

It is important you protect your home while you are away.  Either going on vacation or moving before you home closes escrow, it is important that your home is secure.  Twice over the past 30 days, specifically in Silverado Ranch I have had to contact Las Vegas Metropolitan Police because neighborhood kids have gained entry to vacant homes and made them into party houses. 

When leaving your home, don't let it look empty.  If you can leave a light on a timer that is perfect.  Also making sure the home is 100% secure is also important.  Not just doors being locked, make sure all your windows are locked as well.  In both instances that I have seen, access was gained through unlocked windows.

Notify a responsible neighbor.  Ask them to keep an eye on your home and notify you if they see anything suspicious while you are away.  Even ask the neighbor to park in the driveway. 

A few extra minutes of home prepardness will allow you to rest easier when you are away from your home.

Ready to Sell Your Home Quick

If you are looking to sell your home quick and the thought of people roaming through like your home is the newest casino on the strip does not sound appealing, I have the answer.  I will get your home sold in 72 hours. 

I have a buyer, looking to buy hundreds of homes in Las Vegas for cash.  This buyer will pay current market value and will make sure the seller gets a fair deal.

How this works is the 72 hour agreement to have Mike Kruse with Vegas International Properties sell you home starts as soon as the listing agreement is signed.  Mike will present your home to the buyer and they will evaluate if it makes sense for them.  If it will work, you will get a signed offer and you will have the opportunity to accept, reject or counter offer.  Once an offer is fully accepted escrow will be opened and you will close in as little as 14 days.  If you do not have a fully accepted offer after 72 hours, the listing agreement is cancelled. 

Sell now while prices are up.  Call Mike today at 702.286.3434 or email mike@lvhomesbymike.com

Las Vegas Home Prices Still Going Up!

According to Trulia, Las Vegas homes are not just undervalued  and still have room to go up.  According to the study, home prices here in Las Vegas are the most undervalued in the United States.  The Las Vegas housing market is under valued by 24% according to the experts at Trulia.  I could not agree more as I am seeing this everyday.  Multiple offers well over list price are normal in the current real estate market here in the Las Vegas valley.  Buying a home is not an easy task.  In a normal market you would go find the home you like, negotiate the price and be done.  Now finding the home is most of the battle.  Just this week I experienced a situation where I presented my clients offer in person in hopes of winning over the other 13 offers. 

Some people will argue that with prices going up that this is another housing bubble.  Jennifer Robison at the Las Vegas Review Journal said it best "The only bubbles in Las Vegas are in the nightclub champagne."

If you want to purchase a home, you need to be aggressive.  Don't pay attention to the list price.  Go based off what you feel the value is and comparable sales in the area.  Unless you are paying cash, you will need the property to appraise at the sales price in order for you to get a mortgage so don't be afraid that you are over paying.  In some instances the appraisals are coming in low but sit down and review the appraisal with your agent.  You may still be better off paying the appraisal difference in cash than starting the race to find another home.  As long as Las Vegas homes are undervalued, expect multiple offers and sales prices well over the list price.  It is a great time to be a home seller.  To buy or sell a home in the undervalued Las Vegas home market use this link.

Sold!

Just closed a home for my clients in the Terracina subdivision in Silverado Ranch.  The 2,777 Sq. Ft. home features 5 bedrooms and sold for $245,000.  The Terracina neighborhood is north of St. Rose Parkway off Gillespie Street near the M Resort. 

The large open floor plan on the first floor are what drew my clients to the home along with the larger backyard that they simply could not find anywhere else.  After looking at over 100 homes all across Las Vegas, the smiles on their faces said it all. 

Click here to find your new home before it is sold! 

Looking to sell, I have buyers, click here for a free home value evaluation.

Home Prices Increasing

According to Corelogic, who released a report today, Nevada ranked as the number 1 state in terms of housing appreciation.  Home prices have been rising here in the Silver State for over a year now and the latest year over year increase is over 22%, through April 2013.  What does all this mean to you as a home buyer or seller?

Home buyers, it is no secret that inventory is low.  While there have been modest increases in inventory over the past couple weeks there are still less than 4,000 homes on the market in the Las Vegas valley.  Due to the low inventory, prices will continue to increase.  Expect a 2-3% increase every month at least.  So to get the best dealk try to buy now.

Home sellers have the upper hand in this market.  Fewer than half of all home sales in the Las Vegas area are now short sales or foreclosures.  This is great news for home owners.  Prices up means if you needs or want to sell, you can do so and make a profit in many cases.  With home prices increasing, those that purchased or pulled out large sums of money on their homes between 2004 - 2008, you are probably still under water and will need to short sale if you want to sell your home. 

If you are still under water on your home, the Mortgage Relief Act is still in effect through 2013, but short sales take a while so I recommed getting your property on the market as soon as possible in order to avoid any tax penalties for short selling.

Click here to get your homes value or to see available homes on the market.

Silverado Place

From time to time, I will highlight a particular subdivision or neighborhood with Silverado Ranch.  Today it is Silverado Place.  This quaint community that sits just north of Cactus Avenue and east of Bermuda Road offers a community pool and park.  The homes in Silverado Place were built by Astoria Homes and designed for first time home buyers.  The homes feature 1 car garages and small yards with a front porch for a sense of community.  Since the community was designed for first time home buyers, the community will not allow homes to be rented. 

One floor plan in particular in Silverado Place is unique in that the kitchen and living area are on the second floor while the bedrooms are on the first floor.  This design has a "loft" like feel in the kitchen and living areas.  Large windows bring in lots of natural light.

Other floor plan designs are more traditional with the kitchen and living area on the first floor and bedrooms on the second floor.

Click here to find your home in Silverado Place or other neighborhoods in Silverado Ranch. 

If you are looking to sell your home in the Silverado Ranch area, I have buyers waiting.  Click here for a free Market Analysis to get your homes value.

Las Vegas Foodie Fest

The Las Vegas Foodie Fest is taking place this weekend, beginning today at the Silverton Hotel Casino parking lot.  There will be food trucks and food vendors from all over.  Even White Castle will be there serving their famous sliders.  The event begins at 4pm today and runs til midnight tonight, Saturday 12pm - Midnight and Sunday 12pm-10pm.  Tickets for The Las Vegas Foodie Fest benefits the Three Square food bank. 

Equity in Las Vegas Real Estate

The real estate market here in Southern Nevada had been so poor for so long that short sales and foreclosures were the norm. Now there is equity in Las Vegas real estate. Last month 55% of existing home sales were traditional sales, meaning the sellers sold for a profit. This is the first time this has happened since 2008. For someone contimplating on selleing a home, now is the time. Buyers are buying because interest rates remain low and they are afraid prices will continue to rise, so they want in now. If prices do continue to rise many buyers will be priced out of the market and we may begin to see a retreat in prices again which will also mean more inventory. To see where you stand on your homes value, click here for a free report, emailed directly to you.

SIlverado Ranch Real Estate Hot Bed!

The Silverado Ranch area is one of only a hand full of neighborhoods in the Las Vegas area that actually provides easy access to the Las Vegas strip.  This is just one of the reasons Silverado ranch real estate has taken off over the past few months. 

Las Vegas in general has seen large increases in home prices up over 30% in many areas over the past year.  The current market is seeing multiple offers and prices increasing as much as $50,000 over asking price.  While these large increases will not sustain, the general concensus from local economists, seem to feel the rebound in home prices is real and not another bubble. 

If you are thinking of selling your home, now is a great time.  Contact me at 702.286.3434 click this link for a free home value report.