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Southern Nevada’s housing market began 2013 with mixed results last month, with rising prices, shrinking inventory and an uptick in non-distressed sales.

The median price of single-family homes sold in the region in January was $150,000, an increase of only 0.7 percent from December. But it was up 27 percent from a year ago, marking the largest year-over-year jump since at least 2004, according to a report out Friday from the Greater Las Vegas Association of Realtors.

For the first time in years, “traditional” sales between a buyer and seller, with no lender calling the shots, accounted for more than half of all deals last month. Short sales, in which lenders agree to sell a home for less than what’s owed on the mortgage, accounted for 36 percent of the deals in January. That was down from December’s record-setting 46 percent but still up from 28 percent a year ago.

Additionally, sales of bank-owned homes comprised 12.5 percent of the month’s deals. That was up from 9.5 percent in December but down from 45.5 percent last January.

A total of 2,821 previously owned homes, condos and townhouses were sold last month, down 21 percent from a year ago. Also, 14,433 single-family homes were up for sale on the GLVAR’s listing service as of Jan. 31, down 25 percent from a year earlier, the association said.

GLVAR President Dave Tina said in the report that rising prices are “generally good news for homeowners, sellers and most people who live here,” but he added the region has only about a six-week supply of available homes for sale.

“That’s not enough to meet demand,” he said. “This lack of inventory continues to be one of our biggest challenges.”

Tina also said that despite the dip in short-sales volume, he expects those deals to continue accounting for “a sizable percentage” of local sales this year before tapering off in 2014.

As part of the “fiscal cliff” negotiations, Congress last month agreed to extend the Mortgage Forgiveness Debt Relief Act by one year, to Dec. 31, 2013, Tina noted. But starting next year, sellers will have one less incentive to do a short sale: After the deal goes through, the amount of money they still owed the bank can get taxed as income.

By Eli Segall (contact)

Photo By Steve Marcus

Very well kept four bedroom two bathroom single story home in excellent condition. Located in a nice quiet neighborhood at 5916 Pebble Beach Blvd Las Vegas, 89107

Price = SOLD

or put 10K down = Payment of $899/ month – 20 years 

Kitchen shows a nice bright tile floor

Formica counter tops and wooden cabinets

Includes refrigerator and electric range

3 of the 4 bedrooms have new carpeting;

the rest of the home has tile floors

Most rooms in have ceiling fans

Roomy 1334 square feet

Bathrooms have new tile and look fantastic

Wood burning fireplace keeps you cozy

on those cool Vegas nights

Good sized back yard with

a nicely covered patio

2 car garage

Newer roof 3 years ago

New exterior stucco

Click Here for More Photos

This “Must See” home looks great inside

and out. Come have a look.

Call

702 608 2259

Sorry this Las Vegas Home has been SOLD

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6465 Trautman Ct Las Vegas, NV 89149

4 Spacious Bedrooms

3 Bathrooms

2 Car Garage

3155 Sq/ft

Built in 2010

22″ Tile floors throughout the 1st floor

Sitting room, formal dining room, family room 

Gourmet kitchen with island

Granite counter tops

Mosaic glass back splash

Wood cabinets Custom faucets

Gas Range, Extra large Refrigerator

Dishwasher, Microwave

Washer & Dryer 

Surround Sound wired, ceiling fans

central air purifier, water softener

2 AC units, gas hookup for barbeque out back

Low maintenance back yard with desert landscaping

Spacious Master bedroom with mountain views

Lease Option / Rent to Own Terms

$12000 Option fee down 

$1895/month Rent

$300/month Rent Credit

HOA of $70/mo, sewerage & trash included

2 Year Option Term

Pets OK with $200 deposit

More Photos of this Rent 2 own home

Phone 702 608 2259

 Sorry Been Rented

Great starter house in  North East Las Vegas 

4812 Vista Sandia Way Las Vegas, NV 89115 

3 Bedrooms

2 Bathrooms

Single car garage

1336 Square feet

.04 Acres

Built in 2010 

Large family room 

Nice carpet throughout the home

Kitchen has vinyl floor and wood cabinets

Great appliances including Refrigerator

 - Dishwasher, Microwave, Gas Range

  – Garbage Disposal, stack-able

    – washer / dryer

Lease Option / Rent to Own Terms 

$3000 Option Fee Down

$1000/month Rent

$100/month Rent Credit

$63 Hoa Fee 

Price = Appraised Value at Term End

Term Length 2 Years.

View all pictures Here

Call For More Details on this

- rent with option to buy home

702 608 2259

NORTHWEST LAS VEGAS!

Sorry this Las Vegas owner financed home has been Sold

 Owner Will Finance You for up to 30 Years, no need to use a Bank.

Payments as Low as $1595.00 per Month – Cheaper than renting!

1008 Sharp Ridge Ave  Las Vegas, NV 89149 

4 BEDROOMS

4 BATHS

3 CAR GARAGE

FIREPLACE

KITCHEN  ISLAND PANTRY GRANITE

- COUNTER-TOPS

OPEN AND SPACIOUS FLOOR PLAN

3072 SQ/FT 

LARGE BACKYARD

LOT .13 ACRES

GREAT LOCATION NEARBY SCHOOLS

- PARK, SHOPPING, RESTAURANTS

- AND FREEWAY ACCESS!

Many More Photos Here

Call Before it is too late. Not often do you find owner finance homes with such a small down Payment

702 412 4685

Gleaming Meadows St, North Las Vegas, 89031

Sorry Been Sold

4 Bedrooms, Master bathroom is huge with tub and adjacent shower 3 Bathrooms 2 Car garage

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1823 Square feet, Built in 2004, Large Yard, Dishwasher, Refrigerator, Gas Stove, Washer and Dryer in House. Automatic Garage Door Opener.

This Rent To Own Home is in very nice condition.

Lease Option Terms:

Rent 1400 / Month HOA Included 

Rent credit 300 / Month

Option Fee Down 4500

Price 130,000

Must see in person

Call to View 702 608 2259

No Longer Available 

Year Built 2008

Sq Footage 2310

Bedrooms 4

Bathrooms 2 full, 1 partial

Floors 2

Garage  2 car

Lot Size 0.06 acres 

This home has never been lived in.

This is one of three model matches available

 - for lease option in this community.

 -lower priced homes available also

This community has a community pool.

Granite counter tops. Open layout.

Tiled and carpeted floors downstairs. 

Large living room with attached dining area.

Bedroom downstairs by the front door.

Loft upstairs.

Walk-in closet in master bedroom.

Epoxy flooring in garage.

Public Pool in back of community.

Park and playground for kids too. 

LEASE OPTION TERMS

Purchase Price $200,995

Length of Contract 3 years (longer terms available)

Security Deposit $1,895

Option Payment $6,500

Monthly Payment $1,895

Rental Credit $200 

Very Similar Homes in this community also

 - available with lower prices and payments

Call Steve for all the details

702 608 2259

This Rent to own Condo Has Been SOLD

Valle Verde Ave  Henderson, NV 89074

Beautiful first floor Henderson Rent to Own Condo 

in gated community

Nice tile floors throughout the home

Nice carpet in the bedrooms

3 good sized bedrooms 2 with ceiling fans

2 full bathrooms

Kitchen has nice wooden cabinets and tile counter tops 

Spacious 1232 sf. of living space

Appliances: Gas range, refrigerator, microwave

dishwasher and washer and dryer

Easy access to Hwy 215 and shopping

Community amenities:

Large Pool

Workout room

Beautiful Clubhouse and Bar 

Lease Option Terms:

$1300/Month Rent

$200/Month Rent Credit

HOA $185/Month Included With Rent

$3000 Down / Option Fee

$*Reduced* Price 3 Year Term

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Call Steve 702 608 2259

Need a Bigger Henderson Rent to own Home?

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