Average price of re-sale homes sold in Las Vegas Valley up 7.2% over March 2005

According to the Greater Las Vegas Association of Realtors, the average price of single-family re-sale homes sold in March 2006 is $379,935, which is 7.2% higher than March 2005 and 0.5% higher than February 2006.  Please note:  The average 'list' price of single-family re-sale homes in March was $482,888 .. $102,953 lower than the average 'sold' price

The average price of re-sale condos/townhomes sold in March 2006 was 18.1% higher than February 2005 and 7.4% higher than February 2006.  Please note:  The average 'list' price of re-sale condos/townhomes in March was $302,385 ... $73,636 lower than the average 'sold' price.

To view all March 2006 statististics, including re-sale homes by zip code, please use this link: http://www.lasvegasrealtor.com/stats/Mar06CompStats.pdf

 

"If standard of living is your major objective, quality of life almost never improves, but if quality of life is your number one objective, your standard of living almost always improves."  -- Anonymous

 

Don't Wait For Me -- Immediate Access To Listings and Accurate Home Value Info 24/7

As part of my 100% Satisfaction Guaranteed program,  I am excited to provide a new free on-line service which allows you to track the values of your home along with any other properties you own. You can also easily set yourself up to receive the latest New Listings from the MLS in areas you may be interested buying.  This service provides you with detailed information on all Active, Pending, Sold, and Cancelled Listings.

To begin using this free on-line service, please use this link:  https://www.dataexchangesystems.com/   Please note you will need to enter your password at the login page which will be emailed to you at the time of activating your account.  If you have any questions or need my assistance getting started, please feel free to call me at (702) 419-2728 or send an email to info@onestoplasvegashomes.com .

"The basic goal-reaching principle is to understand that you go as far as you can see, and whn you get there you will always be able to see farther."  -- Anonymous

 

Featured Listing -- Northwest -- Virtural Tour:  http://www.listinginformer.com/vtour/429.htm

Priced to Sell.  3 Bedrooms / 2.5 Baths.  Gated Immaculate Townhome. Cozy Fireplace.  Spacious Living Room and Kitchen. Large Windows. Attached Garage. Plenty of park areas. Community Swimming Pool.  All Appliance Stay.  

To view more Featured Listings, visit www.onestoplasvegashomes.com

 

 Home Loan Rates May Rise This Week

According to the Mortgage Market Guide, provided by Chuck DeLangis, Branch Manager for Meridias Capital, traders will be watching and waiting, and if the news this week continues to reek of inflation...or if more disturbing news comes out of foreign markets, Bond pricing might just move lower still, causing home loan rates to rise.

To view the full report, please use this link: http://www.mmgweekly.com/w/index.html?SID=b7087c1f4f89e63af8d46f3b20271153

"If people like you they'll listen to you, but if they trust you they'll do business with you." -- Anonymous

Condo Conversions in Las Vegas -- Legal Expert says 'Buyer Beware'

Condomimium conversions are the valley's newest and fastest growing housing trend because of the region's population growth, diminishing land supply and rising construction costs.  Developers and real estate investors are attracted to conversions because of the high rate of return, quick turn-around time and low-risk profile.  There is also little threat of construction-defect litigation from homeowners since many of the buildings were built more than 10 years ago, which puts them outside of the state statute of limitations.

Owners often make only minor cosmetic upgrades to apartment buildings before repositioning them for quick sale.  Homebuyers may see a newer looking product, but dripping pipes and electrical shorts may lurk unseen behind the walls.  "A lot of owners are taking the position that if they didn't touch or upgrade the area then they don't have to bring it up to current code requirements,"  says Leon Mead, a construction attorney with Mead Pezzillo LLP.  "After 10 years, there is nothing the homeowner can do.  The home is being sold 'as is.' "

(Source:  Business Press, March 13, 2006)

"Duty makes us do things well, but love makes us do them beautifully." -- Anonymous

Featured Listing -- Southwest -- Virtual Tour:  http://www.listinginformer.com/vtour/427.htm

4 Bedrooms / 2.5 Baths.  Shadow View 2-story single-family home.  2,889 sq. ft. on 6300 sq ft. lot.  Formal Living and Dining Rooms. Spacious Kitchen with Island and Abundance of Cabinets.  Spa and Swimming Pool. Built-in BBQ

To view more Featured Listings, visit www.onestoplasvegashomes.com

"Money will buy you a bed but not a good night's sleep, a house but not a home, a companion but not a friend."
-- Anonymous

Time to Check Your Air Conditioner

Best thing a homeowner can do this year as we approach the hot months is service your air conditioner.  Most failures in a/c is due to clogged, dirty coils.  On another note, drain your waterheater to extend its life..  Las Vegas has very hard water and forms sediment build up. And, if you are preparing your home for sale, consider the benefits of a home warranty.  Home warranties protect the major systems in your home and could save thousands for you and your home's new owner..  

(Source:  Karin Bond, Alliance Home Warranty, bondkarin@cox.net, one of our 'One Stop For Las Vegas Homes Dream Team Members.  Click here or visit www.onestoplasvegashomes.com to view the complete list of Dream Team Members -- all of whom are 'tried and true' -- based on the recommendations provided by readers of the 'One Stop For Las Vegas Housing Trends and Tips' newsletter.)

"Man was designed for accomplishment, engineered for success, and endowed with the seeds of greatness." -- Anonymous*

Smiles and Grins -- April Fool!
In 1997 an email message spread throughout the world announcing that the internet would be shut down for cleaning for twenty-four hours from March 31 until April 2. This cleaning was said to be necessary to clear out the "electronic flotsam and jetsam" that had accumulated in the network. Dead email and inactive ftp, www, and gopher sites would be purged. The cleaning would be done by "five very powerful Japanese-built multi-lingual Internet-crawling robots (Toshiba ML-2274) situated around the world." During this period, users were warned to disconnect all devices from the internet. The message supposedly originated from the "Interconnected Network Maintenance Staff, Main Branch, Massachusetts Institute of Technology." This joke was an updated version of an old joke that used to be told about the phone system. For many years, gullible phone customers had been warned that the phone systems would be cleaned on April Fool's Day. They were cautioned to place plastic bags over the ends of the phone to catch the dust that might be blown out of the phone lines during this period.

*All of the quotes shared in this edition were selected from Zig Ziglar's 'Little Book of Big Quotes" available at YourSuccessStore.com