Summerlin & Las Vegas Real Estate Best Values

Best Real Estate Deals in Summerlin and Las Vegas

Week of June 19, 2008

The three the best valued homes I have found on the market this week are in the Master Planned Community of Summerlin,located on the west side of Las Vegas in zip codes 89138, 89134. These are some fantastic buys for first time home buyers, move up homeowners and investors alike. With FHA increasing their loan limits to $400,000 and the availability of their Nehemiah Loan program a first time home buyer can buy any of these homes with zero down and minimal closing costs upon qualifying. Call me if you have any questions or would like to discuss this in greater detail.

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Best Las Vegas Real Estate Deal #1

721 La Tosca St.  Las Vegas, Nevada 89138   MLS #834004

4 Bedrooms, 2- Full & 1-1/2 Bathrooms, 2 Car Garage, 2532 Square Feet and built in 2004. Asking price is $299,900 or $118 per Square Foot. It is located in the Capri Subdivision in the Vista’s Community of Summerlin.

This is a bank owned property. It has been listed and available since June 10, 2008 with no price changes. 

Best Las Vegas Real Estate Deal #2

 

617 Apricot Rose Place. Las Vegas, Nevada 89138   MLS #835799

3 Bedrooms, 1 loft, 2.5 Bathrooms, 2 Car Garage, 2440 Square Feet and built in 2006. Asking Price is $279,900 or $113 per Square Foot. It is located in the Mariposa Subdivision in the Paseos Community in Summerlin.

This is a bank owned property. The bank purchased the property back on January 25, 2008. The previous owners purchased the home in September of 2006 for $472,442. The owner was asking $365,000 on January 15, 2008. 

Best Las Vegas Real Estate Deal #3

 

2412 Twin Flower Cr.  Las Vegas Nevada 89134    MLS #798301

3 Bedrooms, 2.5 Bathrooms, 2 Car Garage, 1881 Square Feet, Built in 1991. The asking price is $218,400 or $116 per Square Foot.

This is a bank owned property. The bank has had the property listed for sale since February 7, 2008. The original asking price was $284,050. On April 4 they dropped the price by $27,700; on May 21 they dropped the price by $26,450 and on June 9 they dropped the price by $11,500. 

If you would like additional information about any of these properties, or others available that I have seen, just call or e-mail me. Again, for the most up to date Top Three Real Estate Values in Las Vegas go to www.SummerlinRealEstate.Wordpress.com . 

Joe Laliberte

Broker/Salesperson

Prudential Americana Group, Realtors

702-499-1747

Joe@JoeLaliberte.com 

Las Vegas Real Estate Information

www.JoeLaliberte.com 

Summerlin Real Estate Information

www.OurLasVegasRealEstateAgent.com 

The Vistas of Summerlin Real Estate Information

www.TheVistasHomes.com 

Home Buyers Scouting Report– Do your own searching for the best real estate deals in Summerlin or all of Las Vegas.

Market Snapshot Report – Keep track of your homes value and the market activity in your area with this monthly report specific to your home.

Las Vegas Best Real Estate Deals

Best Las Vegas Real Estate Deals for the week of March 2, 2008

The three the best valued homes I have found on the market this week are in Summerlin, in zip code 89138 & 89144. We have now reached 2003 home prices in some areas on some homes. Some homes are now available at prices less than what was paid for them in 2003. Buyers are starting to come out in larger numbers and are making offers on several homes. The better valued homes are not on the market more than a few days before offers are made (yes I said offers) and the property goes into escrow. In the past 10 days I have had two clients that I showed homes to that were available the night before and were in contract within 1 day.  These properties had just come on the market within two days at a significantly reduced price or the price was reduced significantly within two days.  If this trend continues this could mark the bottom of the Las Vegas real estate market.  

For investors, I can provide you with a extensive, 5 page, investment analysis showing down payment, loan amount, cash flow and return on investment for any one of these properties for your review. Call me if you have any questions or would like to discuss this in greater detail.

Best Las Vegas & Summerlin Real Estate Deal #1

11709 Grotta Azzurra Ave., Las Vegas, Nevada 89138   MLS #771978

4 Bedrooms, 3 Bathrooms, 2 Car Garage, 2532 Square Feet

Built in 2003

Asking price is $320,000 or $126 per Square Foot.

This property is bank owned. The previous owners paid $540,000 for the property in November 2006. The bank bought the property back in October 2007. The bank was originally asking $374,900 and has reduced the price by $40,000 on February 8, 2008.

Best Las Vegas & Summerlin Real Estate Deal #2

11008 Cherrywell Ct., Las Vegas, Nevada 89144   MLS #793189

4 Bedrooms, 3 Bathrooms, 3 Car Garage, 4040 Square Feet

Built in 2001

Asking Price is $515,000 or $127 per Square Foot.

This property is bank owned. The previous owners paid $799,000 for the property in March of 2006. The bank bought the property back in November of 2007 for $610,000. The banks original asking price was $625,000 and dropped the price by $64,000 on February 26, 2008 to $515,000.

Best Las Vegas & Summerlin Real Estate Deal #3

11064 Whooping Crane Lane, Las Vegas, Nevada 89144 MLS # 771959

3 Bedrooms, 3 Bathrooms, 2 Car Garage, 2067 Square Feet,

Built in 2000.

Asking price is $265,000 or $128 per Square Foot.

The property is bank owned and was purchased by the previous owner in December of 2004 for $350,000. The bank just purchased it back on October 1, 2008 for $304,637. The bank started out asking $329,000 for the property and have been recently reducing it by approximately $5,000 every three weeks.

If you would like additional information about any of these properties, or others available that I have seen, just call or e-mail me.

Joe Laliberte

702-499-1747

Joe@JoeLaliberte.com

Las Vegas Real Estate Information                                  www.JoeLaliberte.com

Summerlin Real Estate Information www.OurLasVegasRealEstateAgent.com

The Vistas of Summerlin Real Estate Information www.TheVistasHomes.com

Home Buyers Scouting Report – Do your own searching for the best real estate deals in Las Vegas and Summerlin.

Market Snapshot – Keep track of your homes value and the market activity in your area with this montly report.

 

 

Best Las Vegas Real Estate Deals of the Week

Best Real Estate Deals Week of 2/23/08

 The three the best valued homes  I found on the market this week are in Green Valley at zip code 89074. It has been a while since I have been able to say this but with a 10% down payment these homes can be rented at a break even or better cash flow with an after tax rate of return over 9% and a holding period of 5 years.  This is an indication to me that we are nearing the bottom of the residential Real Estate Market. Investors are beginning to find value in the available homes and are not afraid to buy when the price is right and the investment meets their criteria. It is only a matter of time before the exploded rental market comes to the same conclusion and starts buying up these valued homes.  I can provide you with an extensive, 5 page, investment analysis on any one of these properties for your review. Call me if you have any questions or would like to discuss this in greater detail.

2858 Misty Ct. Henderson, Nevada 89074   MLS #8004823 Bedrooms, 3 Bathrooms, 2 Car Garage, 1833 Square Feet Asking price is $223,900 or $122 per Square Foot. It has only been on the market since February 14, 2008. It was purchased in August of 2002 for $188,000.

142 Carriage Way Henderson, Nevada 89074   MLS #7909724 Bedrooms, 3 Bathrooms, 2 Car Garage, 1918 Square Feet. Asking Price is $245,000 or $128 per Square Foot. Price dropped $15,000 on February 4, 2008. The property has been listed since July 18, 2007 with a price of $290,000. It was purchased in April of 1998 for $130,000. 

 

342 Hutchings Lane Henderson 89074 MLS #7893523 Bedrooms + Den, 1 ¾ Bathrooms, 2 Car Garage 1862 Square Feet. Asking price is $249,000 or $134 per square foot. It has been available since January 8, 2008 when the asking price was $293,000.The price has dropped $30,000 to $263,000 on January 25, 2008 then another $14,000 on February 14, 2008.The owner paid $103,450 for the home in January of 1990. 

To find properties like these yourself or to keep up with the changes I the Las Vegas Real Estate Market look at this site Home Buyers Scouting Report. To keep up with the current Las Vegas Market activity on your specific home look at the Market Snapshot Report.  If you would like any additional information or would like to see any of these properties just call or email me. 

Cellular 702-499-1747

Office 702-463-0593

Joe@JoeLaliberte.com 

Las Vegas Information www.JoeLaliberte.com 

Summerlin Information www.OurLasVegasRealEstateAgent.com

The Vista’s Community Information www.TheVistasHomes.com