Ridgebrook 4th Annual Garage Sale – Saturday April 28

 

The community of Ridgebrook is having their 4th Annual Garage Sale on Saturday April 28 from 8 a.m. until noon.  Unlike some parts of this country, we are in the middle of spring in the Las Vegas Valley – spring cleaning is well underway and that means lots and lots of great stuff will be for sale – COME AND GET A GREAT DEAL!!!!

A good garage sale has two important components – one: great merchandise and two: lots of people looking for a great deal.  Well we have incredible diverse items to buy! That means you have to come to Ridgebrook.  Driving here is easy. From Town Center, take Desert Inn west, go over the 215 and take the first left.  There will be a park with kids handing out maps of homes that have great stuff for sale.

The Village of Ridgebrook is one of the smaller villages that are part of the award winning master-planned community of Summerlin and located near the Ridges.  There are four beautiful neighborhoods in Ridgebrook that circle a lovely park.  There is Echo Ridge, Granite Peaks, Sunset Ridge and Southstar.  The area is family-friendly and located close to the 215 Beltway – so you can get anywhere in the valley quickly.  Ridgebrook is also very near Downtown Summerlin – a retail, restaurant and entertainment destination.  Plus home of the Golden Knights training facility (they love when fans come to cheer then on when they are training).

click on this link to my website http://www.702SellNow.com

Have an amazing day………Jeff

 

Is it time to find your Summerlin home?

A new year often bring new changes. Are you ready to live in Summerlin? You can buy a home from under $55,000 to almost $13,000,000. Would you like to at least see what is available? C’mon, you know you are curious. Click the link to search.

http://goo.gl/7Ln2xP

Trivia: Which Summerlin Village does not end with an “s”?

Many years ago I remember a trivia question to name the professional sports team from the big 4 (Basketball, Baseball, Football & Hockey) whose team name did not end in an “S”. And at that time it was much harder than it is now. For example, in Detroit, you had the Red Wings, the Lions, the Tigers & the Pistons; and when first heard the question, there was (I believe) only one answer – the Chicago White Sox! Of course later we added teams like the Utah Jazz and the Tampa Bay Lightning . . . so it’s a little easier now.

So have you figured it out?

To help you, here is a list of the Summerlin Villages with the “s” at the end;

The Arbors
The Canyons
The Crossings
The Gardens
The Hills
The Paseos
The Pueblo
The Ridges
The Trails
The Vistas
The Willows

What is missing? (I dare you not to use the internet to get the answer)

The Las Vegas valley has a balanced real estate market for the first time in years.

It’s one of the oldest laws in history – the “Law of Supply and Demand”.  And in residential real estate, there are some very specific measurements, that tell you most of what you need to know about any given market.

Take any specific territory (one zip code, or several), then we refer to “supply” as the number of available houses on the market today, and we call the demand, the number of houses that sold in the previous 30 days. Next, divide the former, by the latter, and that gives us “months of inventory”.  (to be clear, if there are 400 houses on the market today, and 100 houses have sold in the past 30 days, 400/100=4 “months of inventory”). What we have learned in modern real estate history, is that when “months of inventory” is less than 4, seller’s are pretty much “in charge” of the negotiations and the buyer is just grateful for the opportunity to (hopefully) buy.  Under these circumstances, we regularly see properties receive multiple offers, and buyers are often prone to paying more than the appraised value for a house. That’s the way it has been in the Las Vegas Valley for quite some time. I, personally started tracking inventory levels in September of 2012, when inventory was a paltry 1.34 months of inventory. I did this because I had learned that people who tracked these kind of numbers, saw what was coming, long before the typical consumer. A lot of people were blindsided in Las Vegas in 2006, and I did not want that to happen to me or my clients in the future. We just recently broke the 4 barrier and today we have 4.12 months of inventory.

What is next? That depends. Of course, historically less houses sell in the winter months, however, last December, we never broke the “4” mark; and inventory levels ranged between 3.29-3.38 months. What I hope this means is that we will continue for a long time to see “months of inventory” between 4-6 in our valley? What happens after 6?, well then the buyer’s kind of become “in charge” and the seller’s are just happy to have someone (hopefully) buy their property.

Would you like to see the supply of homes available in 89135 (Summerlin South)? 43 residential properties sold last month, and this link will show you what is what is available right now;
http://goo.gl/L8uwhb

(The Las Vegas valley is considered balanced, as a whole, however sellers are still “in charge” in this zip code)

You can still buy a home in Summerlin for under $300,000

Sure, Las Vegas Real estate values have “shot up” over the past 2 years (over 60% wow!). However there are more than 200 single family houses for sale under $300,000. Don’t believe me? See for yourself (click the link below);

http://goo.gl/9ChZyq

And have you checked out the Gardens Park Farmer’s Market lately? It’s actually co-sponsored by The Summerlin Council.  Every Thursday from 4 to 8 p.m. at the Gardens Park (Town Center Drive, between Desert Inn Road and Twain Avenue), you can find local favorites like tomatoes, herbs, and carrots available for purchase.  Of course, many regional items are also appearing weekly such as fresh strawberries, squash, cabbage, greens, stone fruits, melons and corn. And you can usually find great local merchants selling their homemade wares; last time I was there we found amazing hot sauces from VooDoo Child Kitchen!