Welcome to the last month of 2010! Wow…how the heck is it already December- right smack in the thick of the holiday season?!?

We’ve stuffed ourselves with turkey or the likes and now it’s time  for the next round.  Besides all of the December holidays we’ve got to prepare for and  celebrate, there’s tons of stuff happening around town this month!

NFR (National Finals Rodeo) begins today through the 11th- Welcome Cowboys and Girls!- along with Nascar’s Champions Week, some UFC 12 action, the Rock n Roll Las Vegas Marathon, tons of great concerts and holiday programs and, of course, plenty of fabulous spots to ring in the 2011 New Year!

So get out there and enjoy our wonderful city! Happy Holidays to you and your family…and now for the Real Estate stuff…

Here’s a look at November’s Las Vegas Real Estate Numbers….

In November 2010, the Greater Las Vegas Valley (Las Vegas, Summerlin, Green Valley & North Las Vegas) had a total of 3,273 recorded closings.  This number includes Single Family Homes, Condominiums and Townhomes.

TOTAL SALES (INCLUDES SINGLE FAMILY, CONDO, TOWNHOME) 3,273

The Lows….

LEAST EXPENSIVE SALE (Condominium/Townhome): $15,000.00
Note: The Valley had two closings tying for the lowest sale price spot in November- Off of Tropicana and Eastern is  4955 Jeffreys Ave.  It is a one bedroom, 1  Bath Condo that was bank owned and sold for $32.00 per square foot.   The second condominium is located in the vicinity of Downtown Las Vegas (Bonneville & 13th St.) at 500 S. 13th.  It is  a 700 square foot one bedroom, one bath that sold for 21 bucks per foot.

LEAST EXPENSIVE SALE (Single Family Residence): $18,050.00
Note: 401 Kasper Avenue is a 3 bedroom, 1 bath, that was a bank owned home located near Lake Mead Blvd. and D Street.   MLS remarks noted the home needed a little TLC, and it sold in 37 days to a CASH buyer.  Original List Price was $23,500.00 and with final sales price being $18,050.00,  it sold for $20.00 per square foot.

The In-Betweens….

CONDOMINIUMS/ TOWNHOMES
NOVEMBER 2010 TOTAL SALES:……………………………………..653

November’s AVERAGE SALE PRICE (Condo/ Townhm): $67,771.00
Average PRICE PER SQ. FT.:……………………………………………..$58.00
LOW:…………………………………………………….………………….$15,000.00
HIGH: ……………………………………………………………………$400,000.00

SINGLE FAMILY RESIDENCE
NOVEMBER 2010 TOTAL SALES:……………………….2,620

November’s AVERAGE SALE PRICE:…………..$169,296.00
Average PRICE PER SQ. FT.:……………………..………….$78.00
LOW:……………………………………………….……………$18,050.00
HIGH: ……………………………………………………..$4,361,500.00

The Highs….

MOST EXPENSIVE SALE (Condominium/Townhome): $400,000.00
Note: 9209 LAS MANAITAS AVE. is located in Summerlin, off Canyon Run Dr. and Rampart- across from the JW Marriott.  Originally listed for $461,000.00 this condominium sold to a CASH buyer for $400,000.00.  It includes 2,052 sq. ft. with 3 bedrooms and 3 baths and the price per square foot was $195.00

MOST EXPENSIVE SALE (Single Family Residence): $4,361,500.00
Note: The Las Vegas Luxury Market included 10 homes closings for over a  million dollars in November 2010. 7 GOLDEN SUNRAY LANE took  title of the Las Vegas Valleys most expensive home sold for the month.  With 8,546 square feet, six bedrooms and 9 baths, the home sold for $510.00 per sq. ft.  This beauty is located in Summerlin near Desert Inn and Flamingo.

*information provided by GLVAR MLS, deemed reliable, not guaranteed.

As always, if you have any questions regarding Las Vegas Real Estate, or about purchasing or selling any home in the Las Vegas Valley, please give me a call-

Talk Soon,

Heidi Griffith, SFR
Your Las Vegas Realtor® for Life!
Short Sale & Foreclosure Resource
Realty One Group
702-540-0420

E-Mail Heidi