• Sign Up
  • My Account
  • millie@milliefine.com
  • Direct: 702-363-5599 | Toll Free: 888-449-3463

Browsing Posts From: Uncategorized

Las Vegas Real Estate – Year End Wrap-up

January 2, 2017 Posted by: Millie Fine

Year End Las Vegas Real Estate Wrap Up The best way, in my opinion, to characterize the 2016 Las Vegas real estate market would be as uneventful  Free-standing median home sales prices increased only 1.3% from December 2015 to December 2016. The median sales price for December 2016 was $235,000. For me, how flat this market has been is the surprise. If I took a 3 months rolling average comparing sales prices for the last 3 months of 2015 with 2016, the increase would be slightly better, but not much. […]

... Read More

Posted In: Uncategorized

Another Las Vegas area golf course potentially closing

August 7, 2016 Posted by: Millie Fine

Another golf course potential closing affecting nearby homes. Looks like the Badlands golf course may be closing down. The full extent of how this will affect properties adjacent to the course or those homes who’s views are affected is at yet unknown to me. Residents of Queensridge are understandably concerned. What limited information I have at this point is that the eastern most area of the present golf course will be developed for homes. This is the third example I can think of where something similar has come to pass […]

... Read More

Posted In: Uncategorized

Some age restricted community videos

July 9, 2016 Posted by: Millie Fine

We have been working on some Google Earth flyover videos for a few of the larger age restricted communities in this area. I have now four in all ranging from around 15 minutes to 25 minutes. Below are the links to the web pages on my site where they are embedded. Hope to cover a few more communities over the next few weeks. Sun City Summerlin. http://www.milliefine.com/sun-city-summerlin/ Sun City Anthem http://www.milliefine.com/sun-city-anthem/ Sun City MacDonald Ranch http://www.milliefine.com/sun-city-macdonaldranch/ Siena http://www.milliefine.com/siena/  

... Read More

Posted In: Uncategorized

Las Vegas real estate market at a glance

May 26, 2016 Posted by: Millie Fine

Below is what is called a Market Action Index and it is done by quartile. What it tries to do is to represent the market in terms of  a buyer or seller’s market. This algorithm looks at median prices, inventory, days on the market and a couple of other factors and comes up with a number. Anything above 30 is considered a sellers market and anything below 30 a buyer’s market. In addition, in the graph below the market is separated into quartiles with 3 of the 4 quartiles in […]

... Read More

Posted In: Uncategorized

What’s up with condos?

March 30, 2016 Posted by: Millie Fine

The construction of new condo developments in the area is virtually non-existent. There has been some finishing up of projects abandoned during the market downturn of a few years ago but no new construction to my knowledge. During the 1980’s and 1990’s this area was a hot bed of condo construction. Prior to the market downturn there was also a rash of apartment conversions. All this has ended rather dramatically. I think that construction defect lawsuits are most likely the major factor here. The condo community of “Elan” was the […]

... Read More

Posted In: Uncategorized

Las Vegas back to normal?

February 15, 2016 Posted by: Millie Fine

I just did the statistics for the Month of January home sales and the price increase over the last 12 months for free-standing homes was 5.8%. It is reflective of a downturn from December but it does remind me that, historically, over the last many years prices for homes have adjusted upward at a rate of around 5% a year. Perhaps we are back to that kind of stabilized market. As I have pointed out previously, there is still a large inventory of homes in the valley that are “underwater” […]

... Read More

Posted In: Uncategorized

The evolution of age-restricted home communities in the Las Vegas area

January 31, 2016 Posted by: Millie Fine

I went out to Heritage at Cadence, yesterday for their grand opening. My initial plan was to just give my first impression of this newest local age restricted option. Since that visit it has occurred to me that it may be helpful to also give some history as to local age restricted developments and how they have evolved over the years. The first, Beverly Green is a co-op and was built in 1956. Another small co-op, Casa Vegas Apartment Homes, was built in 1971 and then was followed in the […]

... Read More

Posted In: Uncategorized

Las Vegas short sales

January 21, 2016 Posted by: Millie Fine

Short sales There are 831 short sales presently on the market inside the Las Vegas valley. That is roughly 9.5% of all available properties. There were also 166 short sale closings over the last 30 days. So they are still happening and probably will so into the indefinite future, given that around 22% of all home owners in the valley are still “underwater”, owning more than their homes are worth. There could be an increase in short sale listings this year. The Mortgage Forgiveness Debt Relief Act was signed into […]

... Read More

Posted In: Uncategorized

Year end  Las  Vegas real estate update

December 31, 2015 Posted by: Millie Fine

The median price of a resale home in the Las Vegas area has increased by about 10% from the previous year, December 2014 to December 2015. All of that increase occurred in the first six months with the market basically flat since then. I have tracked the median sales price on resale homes monthly since July 2006, when the median sales price was $319,000. The bottom of the market since then was a median price of $119,000 in December, 2011.  Now the median sales price of a free-standing resale home […]

... Read More

Posted In: Uncategorized

Las Vegas golf course concerns

November 15, 2015 Posted by: Millie Fine

Golf course frontage – Not a sure thing. Many prospective homeowners look for golf course frontage. This provides the ambiance of all the greenery as well as, in many cases, great views as there are no homes directly in back to restrict those views. The premiums for these homes will run an average of around 20% more that like homes not on the golf course. How secure is that frontage? This is a question that is asked more recently with the closing of two local golf courses, Badlands and the […]

... Read More

Posted In: Uncategorized

Next Page »

Recent Articles

Las Vegas Real Estate – Year End Wrap-up

January 2, 2017 Posted by: Millie Fine

Year End Las Vegas Real Estate Wrap Up The best way, in my opinion, to characterize the 2016 Las Vegas real estate market would be as uneventful  Fre... Read More

Posted In: Uncategorized

Another Las Vegas area golf course potentially closing

August 7, 2016 Posted by: Millie Fine

Another golf course potential closing affecting nearby homes. Looks like the Badlands golf course may be closing down. The full extent of how this wil... Read More

Posted In: Uncategorized

Some age restricted community videos

July 9, 2016 Posted by: Millie Fine

We have been working on some Google Earth flyover videos for a few of the larger age restricted communities in this area. I have now four in all rangi... Read More

Posted In: Uncategorized