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Hi from Las Vegas, Nevada! The following is about a very small part of the overall market in this area.  Roughly 1.8% of all sales through the MLS over the last 12 months reflects manufactured homes.  All manufactured home properties that are listed through the MLS feature “real property” included.   In some cases the land is the only “real property”  involved and in other cases, the home itself has been legally attached to the land and both are considered real property.  This is particularly important if  regular conventional financing […]

Las Vegas Age Restricted options: I have shown and sold hundreds of homes in age restricted communities in this area over the years.  They range from manufactured home communities to condos, townhomes, free-standing homes plus townhomes included within the free standing home developments.  There are presently 22 age restricted communities in this general area with 2 more coming online this next year in 2016. Selling prices range from $56.00 to $184,00 per square foot for the various local age restricted developments.  Even among the five local Del Webb options, the […]

What’s up with the market? Where is it headed! These are often asked questions and as a experienced agent it is expected that I will have some feedback. In truth, I never know. There are so many variables that can affect the local market that it is impossible to know. Plus as an agent that depends on both buyers and sellers for my living I do have a vested interest and may rightfully be suspected of not being objective. Find a buyers agent that at anytime over the last years […]

Hello again from Las Vegas! I have just added a number of pages to my web site, including focused searches, for all the individual condo and townhome communities in Lake Las Vegas. There are 8 in all It has been somewhat of a rocky road, particularly for the condo and townhome communities, in Lake Las Vegas. They were hit hard by the market difficulties of the mid 2,000’s. These were often 2nd home, discretionary purchases and when the market collapsed, this was the area that suffered the most. The market […]

Hello from Las Vegas! Well, we are in the start of the summer season here. Hot!!, but the mornings and nights are as good as I have experienced anywhere. It has been around 10 years since a new age restricted community has come on-line in the valley. Now there are two that will be up and selling in the early part of next year.   Regency at Summerlin, built by Toll Bros., will be at the south end of Summerlin, just south of Sunset Rd. and just off of Hualapi. […]

Hello again from Millie Fine. Summer is really here in Las Vegas and the real estate market is very active. All searches for properties on my web site now features a great deal more information. This information includes market trends for the specific area of the home and school reports for that area. Also by clicking on “see more detail” you will see considerable additional information. This information will be focused on the particular zip code of the property of interest. For anyone wanting to dive in to the weeds, […]

  I have recently been working on an new format for Milliefine.com. Time moves on and in order to stay abreast with newer technology, including to be compatible with smart devices the change is necessary. The same content is there and I will be continuing to add new content. All the hundreds of photos and hundreds of pages and focused search links are still there. Hopefully it will be even easier to navigate with a new and improved menu. Additionally I will feature even more current information by incorporating my […]

Welcome to my Las Vegas Real Estate Blog! Below is considerable information on the condition of the local market starting the New Year. About 70 percent of used-home sales in Southern Nevada now are traditional deals between private buyers and sellers, according to the Greater Las Vegas Association of REALTORS®. That’s up from 51 percent a year ago and 26 percent two years ago. Bank-owned homes comprised almost half of all sales two years ago but now make up less than 10 percent, according to GLVAR data. Short sales—when banks […]

Hello again from Las Vegas! Foreclosures It is hard to anticipate how foreclosures will impact this marketplace in the future.  The Las Vegas Review Journal had an article today with the headline ” Local foreclosure start surge. There has been a significant increase since June. Having said that as I review the foreclosure filings for Clark County for the last several months I see that from October 1012 until May 2013 the foreclosure filings averaged over 2,000 a month. There was a very significant drop in June and July but […]

Below is information on the current state of real estate market activity in the Las Vegas area.  Also included are some of my personal observations.  I hope you find this helpful. Resales Inventories remain unusually low with about a 1.3 month supply of homes at the current rate of sale.  There were 3,642 closings in June compared to 3,884 in May. In June of last year there were  3,945 closings  Closings are actually down even compared to the depth of the recession. There were 4,702 closings in June of 2009. […]