Sunday, February 22, 2015
8428 Granite Springs Ct Las Vegas, NV 89139- Stuart Sheinfeld Listing
http://www.propertypanorama.com/instaview-tour/las/1510609
Juhl apartments greeting new retailers, restaurants
http://www.reviewjournal.com/business/retail/juhl-apartments-greeting-new-retailers-restaurants
Stuart Sheinfeld
Stuart Sheinfeld
Tuesday, August 12, 2014
LAS VEGAS REAL ESTATE HIGHLIGHTS
The supply-demand balance in the Las Vegas housing market has remained relatively stable in recent months. Prices in the resale market have continued to move north, availability has remained at a reasonable level and sales volumes are fairly robust.
Statistics released by the GLVAR show local home prices continued to climb in June while the percentage of buyers paying cash fell to its lowest point in four years.
Five Great Reasons to Buy a Home Right Now
Here are five reasons to buy a home right now.
1. More jobs are available
2. Houses are a great hedge against inflation
3. Housing price increases are slowing
4. Mortgage interest rates are still low
5. Pent-up demand ready to release Read article
Summerlin developer Howard Hughes Corp. has secured a nearly $312 million loan to finance its massive retail and office project under construction near Red Rock Resort. Read article
Vegas on a roll with 8,500-home development- Henderson's 2,000-acre Inspirada master plan is launching a Saturday sales blitz of pre-recession magnitude, with 16 new model homes in nine subdivisions.
CONTACT STUART SHEINFELD FOR MORE INFO ON THE LAS VEGAS HOUSING MARKET
The supply-demand balance in the Las Vegas housing market has remained relatively stable in recent months. Prices in the resale market have continued to move north, availability has remained at a reasonable level and sales volumes are fairly robust.
Statistics released by the GLVAR show local home prices continued to climb in June while the percentage of buyers paying cash fell to its lowest point in four years.
Five Great Reasons to Buy a Home Right Now
Here are five reasons to buy a home right now.
1. More jobs are available
2. Houses are a great hedge against inflation
3. Housing price increases are slowing
4. Mortgage interest rates are still low
5. Pent-up demand ready to release Read article
Summerlin developer Howard Hughes Corp. has secured a nearly $312 million loan to finance its massive retail and office project under construction near Red Rock Resort. Read article
Vegas on a roll with 8,500-home development- Henderson's 2,000-acre Inspirada master plan is launching a Saturday sales blitz of pre-recession magnitude, with 16 new model homes in nine subdivisions.
CONTACT STUART SHEINFELD FOR MORE INFO ON THE LAS VEGAS HOUSING MARKET
Monday, January 20, 2014
Las Vegas Home Values are Recovering at one of the Fastest Rates Nationally.
Las Vegas home values are recovering at one of the fastest rates nationally.
Las Vegas, home values climbed 33 percent over the past year, the 2nd fastest rate among major cities in the United States. While still down nearly 50% off of the highs of 2006 when new home sales peaked, new home sales are up; way up. In October, sales were up 25% over September, and up 22% from last year. Realtor Stuart Sheinfeld sees optimism for more price advances in 2014 due to lower unemployment rates &;increased commercial construction
Here are some of the major projects:
The $550 million Linq, and at its $185 million rehab of the former Bill’s Gamblin’ Hall owned by Caesars Entertainment. The world's tallest observation wheel(the High Roller) is also located on site.
The 20,000-seat arena that MGM Resorts plans to build with AEG.They are investing $100 million in an outdoor plaza and pedestrian mall between New York-New York and Monte Carlo
SBE Entertainment’s is remaking the Sahara into the SLS. The $415 million remodel is underway and will finish in the fall with 1,600 rooms, 12 restaurants and clubs and a 60,000-square-foot casino.
Juno Property Group announced plans for the $50 million, 60,000-square-foot Grand Bazaar Shops near the entrance of Bally’s.
The Resorts World Las Vegas by the Malaysian owned Genting Group’s, which is supposed to start construction in 2014 on the site of the former Echelon. They’ll invest from $2 billion to $7 billion in the megaresort.
The Krausz Cos. Inc. spent $20 million in June to acquire the 20-acre failed project Manhattan West and will spend about $30 million to complete The project will be renamed, The Gramercy.
The Shops at Summerlin, a 106-acre, 1.6 million-square-foot retail mall. There will be more than 125 retailers, restaurants and entertainment venues. Some of the anchors already committed are Nordstrom Rack ,Macy’s and Dillard’s and Crate and Barrel.
Tivoli Village is building the second phase of their stylish retail and office complex near Summerlin. They are expected to add about 199,000 square feet of retail and 68,000 square feet
The 2,200-acre, 13,000-home project Cadence master plan in Henderson, is under construction with the first homes planned for later in 2014.
Las Vegas, home values climbed 33 percent over the past year, the 2nd fastest rate among major cities in the United States. While still down nearly 50% off of the highs of 2006 when new home sales peaked, new home sales are up; way up. In October, sales were up 25% over September, and up 22% from last year. Realtor Stuart Sheinfeld sees optimism for more price advances in 2014 due to lower unemployment rates &;increased commercial construction
Here are some of the major projects:
The $550 million Linq, and at its $185 million rehab of the former Bill’s Gamblin’ Hall owned by Caesars Entertainment. The world's tallest observation wheel(the High Roller) is also located on site.
The 20,000-seat arena that MGM Resorts plans to build with AEG.They are investing $100 million in an outdoor plaza and pedestrian mall between New York-New York and Monte Carlo
SBE Entertainment’s is remaking the Sahara into the SLS. The $415 million remodel is underway and will finish in the fall with 1,600 rooms, 12 restaurants and clubs and a 60,000-square-foot casino.
Juno Property Group announced plans for the $50 million, 60,000-square-foot Grand Bazaar Shops near the entrance of Bally’s.
The Resorts World Las Vegas by the Malaysian owned Genting Group’s, which is supposed to start construction in 2014 on the site of the former Echelon. They’ll invest from $2 billion to $7 billion in the megaresort.
The Krausz Cos. Inc. spent $20 million in June to acquire the 20-acre failed project Manhattan West and will spend about $30 million to complete The project will be renamed, The Gramercy.
The Shops at Summerlin, a 106-acre, 1.6 million-square-foot retail mall. There will be more than 125 retailers, restaurants and entertainment venues. Some of the anchors already committed are Nordstrom Rack ,Macy’s and Dillard’s and Crate and Barrel.
Tivoli Village is building the second phase of their stylish retail and office complex near Summerlin. They are expected to add about 199,000 square feet of retail and 68,000 square feet
The 2,200-acre, 13,000-home project Cadence master plan in Henderson, is under construction with the first homes planned for later in 2014.
Saturday, April 14, 2012
Las Vegas Home Inventory at 6 Week Supply-Stuart Sheinfeld
The inventory of single-family homes available for sale in Las Vegas without a contingent or pending offer dropped to 5,211 in March, about a six-week supply at current sales level, the Greater Las Vegas Association of Realtors reported Monday. As of April 14, 2012 the inventory of Single Family Residences in North Las vegas, Las Vegas & Henderson sank to only 4835 Homes.
Due to the robo signing law, banks are foreclosing on homes at a snails pace. We will see some REO inventory come onto the market, but there will not be a flood, like many had predicted. The banks are doing more short sales and even renting the homes back to homeowners.
We are seeing New Home sales rise due to the lack of inventory of resale homes says Stuart Sheinfeld. We have weathered the storm, and now is the time to jump in this market with both feet.
Due to the robo signing law, banks are foreclosing on homes at a snails pace. We will see some REO inventory come onto the market, but there will not be a flood, like many had predicted. The banks are doing more short sales and even renting the homes back to homeowners.
We are seeing New Home sales rise due to the lack of inventory of resale homes says Stuart Sheinfeld. We have weathered the storm, and now is the time to jump in this market with both feet.
Sunday, November 27, 2011
Nevada recently enacted a new law AB-284- Stuart Sheinfeld
Nevada recently enacted a new law regarding bank foreclosures that is bad news for REO listing agents and the banks but may be an opportunity for people considering investing in Las Vegas real estate.
AB-284 essentially makes the banks swear an affidavit that they have the deed as well accurate loan documents and appropriate signatures before they can begin the foreclosure process (a.k.a. issuing a Notice of Default or NOD). It also requires banks to list accurate payment options and debt amounts for all liens in default. Finally, it requires the bank to show proof that this information is delivered to the appropriate party, not just mail it out and assume it is received and understood.
The immediate effects of the law are that REOs processed by banks in Las Vegas has dropped to from 1500-2500/mo slightly over 50 in the last 30 days; in other words the REO (and to some unknown extent, Short Sale) pipeline feeding our supply has been cut by over 95% overnight.
Furthermore, there is currently no estimated timeline for how long it will take banks to implement systems that can effectively get all the proper documentation together and pick up where they left off in processing Notice Of Defaults (NODs).
We know that the so-called “shadow inventory” reserve of REOs that banks hold in LV currently sits at approximately 15,000 homes, so it’s not as if there won’t be any homes for sale in the immediate term. To the contrary, the selection of homes and the prices might actually be better now than they will be in any point in the short-to-medium term given what looks to follow in the coming months.
Here’s why:
Our current inventory of REOs on-the-market sits today at about 2500 homes. Given the current consumption rate of 4000 homes purchased/month by buyers in LV, and that the supply of forthcoming REO and Short Sale homes available has been stalled or altogether stopped in the last 30 days, there will be an impact – perhaps a drastic impact – on supply.
If the supply of homes available decreased (banks decide not to release shadow inventory to meet demand) and the market’s demand for purchasing 4000 homes/mo stays constant, pricing pressure on available homes would be inevitable. Given that the banks would make more if prices went up, this outcome seems possible.
If that occurred, current buyers might actually see equity appreciation in homes bought in the near-term. October was the first month in recent memory Las Vegas actually saw prices go up. We have no way of knowing what will happen with any certainty with prices, but we do know right now that the supply of bank-owned properties being processed and available for the marketplace has been immediately diminished and the timeline for returning to business as usual is indeterminate.
Find out how to take advantage of this great buying opportunity contact Stuart Sheinfeld
AB-284 essentially makes the banks swear an affidavit that they have the deed as well accurate loan documents and appropriate signatures before they can begin the foreclosure process (a.k.a. issuing a Notice of Default or NOD). It also requires banks to list accurate payment options and debt amounts for all liens in default. Finally, it requires the bank to show proof that this information is delivered to the appropriate party, not just mail it out and assume it is received and understood.
The immediate effects of the law are that REOs processed by banks in Las Vegas has dropped to from 1500-2500/mo slightly over 50 in the last 30 days; in other words the REO (and to some unknown extent, Short Sale) pipeline feeding our supply has been cut by over 95% overnight.
Furthermore, there is currently no estimated timeline for how long it will take banks to implement systems that can effectively get all the proper documentation together and pick up where they left off in processing Notice Of Defaults (NODs).
We know that the so-called “shadow inventory” reserve of REOs that banks hold in LV currently sits at approximately 15,000 homes, so it’s not as if there won’t be any homes for sale in the immediate term. To the contrary, the selection of homes and the prices might actually be better now than they will be in any point in the short-to-medium term given what looks to follow in the coming months.
Here’s why:
Our current inventory of REOs on-the-market sits today at about 2500 homes. Given the current consumption rate of 4000 homes purchased/month by buyers in LV, and that the supply of forthcoming REO and Short Sale homes available has been stalled or altogether stopped in the last 30 days, there will be an impact – perhaps a drastic impact – on supply.
If the supply of homes available decreased (banks decide not to release shadow inventory to meet demand) and the market’s demand for purchasing 4000 homes/mo stays constant, pricing pressure on available homes would be inevitable. Given that the banks would make more if prices went up, this outcome seems possible.
If that occurred, current buyers might actually see equity appreciation in homes bought in the near-term. October was the first month in recent memory Las Vegas actually saw prices go up. We have no way of knowing what will happen with any certainty with prices, but we do know right now that the supply of bank-owned properties being processed and available for the marketplace has been immediately diminished and the timeline for returning to business as usual is indeterminate.
Find out how to take advantage of this great buying opportunity contact Stuart Sheinfeld
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