paid advertisement - las vegas realtor · you to senator reid ----- hopefully it will pass through...
TRANSCRIPT
0 7 . 1 0 IN ThIS ISSuEs o u t h e r n n e v a d a r e a l t o r
12
Want lunch or dinner on us? As you read the SNR, watch for your license
number. If you find your license number
hidden within an article, call the Association
and let Irene Vogel 702. 784.5010 or Felicia
Marks, Membership Director 702. 784.5007
know. You will then receive a gift certificate
for lunch or dinner at a local restaurant.
22
10 professional standards Disclose Present or Contemplated Interest in Any Property to All Parties Article 5.
12 government affairsFive Hours Can Change Everything Local elections are important to REALTORS®. how you can make an impact.
14 legal Fannie and Freddie Are HAFA Ready Effective August 1, 2010 expanded program helps more Sellers.
19 REALTOR® Safety: When Marketing Think Safety First Tips on how to make your marketing material both smart and safe.
19 Congratulations Patty Kelley 2008 GLVAR President graduates from NAR Leadership Academy.
20 Property Management Education Symposium Information and registration form for GLVAR’s first Annual Education Symposium.
22 realtor.com Do You Facebook? how to get top quality leads through Social Networking.
25 mlXchange New Stuff` You talked we listened new fields and new reports.
26 Tax Credit Extends Into 2011 for Some in Military Programs assist with homebuying, credit cards, auto loans.
29 504 Accessible UnitOutreach Notice help identify housing that is accessible for individuals with physical disabilities.
30 Wcr Bringing Home theGold—Join the Crowd Now
33 crs of southernnevada July Update Choose Your Attitude, Election Time—looking for candidates, CRS Designation Class.
34 member benefit partners Discounts on services and products.
4645
7
424344
4 president’s message
single family home report
condo/toWnhome report
annual mls statist ics
rental leased report
july event calendar
from the desk of the ceo
38 membership bar-b-Que
p r e s i d e n t ’ s m e s s a g e
[ b y r i c k s h e l t o n ]
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
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GET INVOLVED AND VOTEIN COMMuNITY AND GLVAR ELECTIONS
This being an election year, I know you’ve heard the “make your vote count” pleas from local media outlets, political parties, candidates and others. But there’s a reason for that. It’s important to vote for your leaders if you want them to represent your views and interests.
Voting is the best way to express your opinion. If you don’t vote, then you should not complain if you don’t like the decisions and direction of your leaders. This is as true for our election here at the GLVAR as it is for the upcoming election for local, state and national offices.
GLVAR’s annual election for its Board of Directors will be held from July 9-22. Just like early voting and mail-in ballots offered by our local governments, GLVAR goes to great lengths to make voting as convenient as possible. Starting just after midnight on July 9, you can vote any time during those two weeks in July. Best of all, you can vote online from the comfort of your home or office computer by visiting www.LasVegasRealtor.com.
As president of this association of nearly 12,500 members, I’ve learned through experience how important and rewarding it is to get more involved in this association and in our community.
In fact, one of my main goals for the year is to increase community and GLVAR involvement among our members. For starters, I’d really like to see more of our members vote for our board of directors – and then get more involved in the association and in our profession.
To be honest, there’s plenty of room for improvement here.
In last year’s annual election, only 18 percent of our members voted. Turnout was even lower than that in 2008, when only 12 percent
of all members voted. In 2007, when our membership was nearly 17,000 and close to its peak, only 1,764 members voted, or about 11 percent.
So, please help me spread the word throughout your offices and to your fellow REALTORS®. Cast your vote. Make your voice heard. We’re improving, but we can do better.
Speaking of doing good things, I want to applaud those of you who have joined me, GLVAR staff and members in supporting several deserving local charities so far this year. If you’re not familiar with GLVAR’s long history of helping our neighbors and improving the quality of life here in Southern Nevada, let me hit a few of the highlights. So far in 2010, GLVAR has helped these and other local charities:
las vegas rescue mission Throughout the spring and summer, GLVAR members are volunteering nightly at this longtime local charity to feed the needy and the homeless.
three sQuare GLVAR members volunteered in May to pack thousands of backpacks full of food for needy local children.
glvar boWling tournament This fun annual event supported by dozens of GLVAR members raised about $5,000, with some of it already being sent to local charities such as Baby’s Bounty and the National Coalition of 100 Black Women.
This is in addition to our $10,000 donation to Habitat for Humanity and the $5,000 donations GLVAR made to the Shade Tree and Safe Nest shelters for women and children from the silent auction at our annual installation event.
These are just a few examples of your good deeds. n
f r o m t h e d e s k o f t h e c e o
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
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[ b y i r e n e v o g e l ]
Vacation time has begun….children are out of school… graduations are behind us and most of us are making plans to either do something entertaining as a summer vacation, or just try to keep cool. Whatever your plans are do take some time off …we all need to recharge our batteries, especially in this market.
eXtension of the homebuyer’s taX creditWhen we were in Washington, DC at the legislative meetings we approached our Legislators asking them if at all possible if the tax credit could be extended for 90 days for those sales that were in escrow (particularly short sales). Senator harry Reid thought it was doable, and he introduced an amendment along with Senator Johnny Jackson and Senator Chris Dodd, that would extend the deadline to September 30th, a critical move for those involved in short-sale transactions. Thank you to Senator Reid ----- hopefully it will pass through Congress. Visiting with our Legislators at the Mid-Year meeting proves how important it is that we have the opportunity to meet and talk with our leaders face to face.
broker involvement programThis program through the National Association of REALTORS® (NAR) empowers broker-owners to alert their agents to key REALTOR® issues through NAR Calls for Action. NAR is aware that when Brokers alert their agents to key issues, agents listen and respond. As a Broker-owner, please consider joining other Brokers across the country who already participate in the program. With strong and united voices, Congress will pay attention to our important real estate issues. You as the Broker Owner always have the choice to participate or not participate in a Broker Call for Action. NAR will alert you by phone and email when there is a Broker Call for Action. Your personal email message and
the Call for Action will then be available for your review. You may edit the message to your agents or decline to participate. Please contact our local GAD Department: Sean Fellows at 784-5028 or Joe Brezny at 784-5016 for more information or to sign up for the program.
remember to voteThe Nominating Committee has met and have conducted extensive interviews to recommend qualified candidates to represent you. Voting begins July 9th and ends July 22nd. It is online voting…you vote from your own computer at home or at your office. Each vote counts so I urge you to vote.
young professional netWork (ypn) chapterREALTOR® Magazine launched the Young Professionals Network sometime ago as a way to help the younger generation of REALTORS® build a stronger link with the real estate industry. New chapters have been forming across the country. Southern Nevada, thanks to Christine McNaught is among the more recent markets to form a chapter of YPN, a fast-moving rapidly evolving group of real estate professionals. Their mission is to help young real estate professionals excel in their careers by being engaged in their REALTOR® association and industry to support networking among their peers, and become active in their communities.Young professionals are the future of real estate. I am very excited to see what this group will accomplish in the years to come. ➠click here for more information contact [email protected] SEE YOu NEXT MONTh……. n
Chief Executive Officer Irene Vogel can be reached by calling (702) 784-5000 or by emailing [email protected]
b o a r d o f d i r e c t o r s
W e b s i t e s a n d h o t l i n e s
national association of realtors®www.realtor.org (to access realtor.com and over 2 million New & Resale Homes)
nevada association of realtors®www.nvar.org | [email protected]
nevada real estate divis ionwww.red.state.nv.us
legal hotline (NVAR in Reno) (800) 748-6999
technology hotline(702) 869-HELP (4357)
EDITORIAL STAFF
Ed i t o r irene vogel
Pub l i c a t i on s Spe c i a l i s tkip taylor (702) 784-5006
Ar t i c l e Coo rd i na t o rnadine morris (702) 784-5032
Copy Ed i t o r cindy brimer
Pub l i c a t i on s A s s i s t an taleksandar blagojevic
The Greater Las Vegas Association of REALTORS®1750 E. Sahara Avenue Las Vegas, NV 89104(702) 784-5000 | Fax: (702) 784-5060 | www.lasvegasrealtor.com
Articles appearing in Southern Nevada REALTOR® do not necessarily carry endorsements of The Greater Las Vegas Association of REALTORS® (GLVAR), its Board of Directors or its Members unless indicated as approved by the GLVAR. Southern Nevada REALTOR® is edited and produced exclusively by GLVAR.
ANNuAL SuBSCRIPTION RATE Non-members $25.00
Paid Advertisements in the Southern Nevada REALTOR® are not to be construed as endorsement of the advertiser, product or service by The Greater Las Vegas Association of REALTORS®. Publisher reserves the right to reject or discontinue any advertisement at its sole discretion.
for information about snr’s NEW “interactive” advertising contact Nadine Morris at (702) 784-5032 or [email protected].
PRESIDENTRick M. Shelton
CHIEF ExECuTIVE OFFICERIrene L. Vogel, [email protected]
IMMEDIATE PAST PRESIDENTSue E. Naumann, CRS, GRI, LTG
PRESIDENT-ELECTPaul G. Bell, RRG, CRS, GRI
CALV PRESIDENTRobin Civish
Kolleen L. KelleyRRG
Heidi W. Kasama,[email protected]
TREASuRERForrest L. Barbee
CRB, GRI, [email protected]
MLS DIRECTORScott A. Beaudry
Gina LyonGREEN
Norma Jean OpatikGRI, ABR
Trish NashCRS, GRI
Fafie MooreCRS, LTG
Christine P. [email protected]
Cheryl SmithCRB, CRS, RRG
Debbie ZoisGRI, CRS
David [email protected]
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
p r o f e s s i o n a l s t a n d a r d s s p o t l i g h t
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Seller A and Buyer B were negotiating the sale of an apartment building, but couldn’t agree on the price. Finally, they agreed that each would engage an appraiser and they would accept the average of the two appraisals as a fair price. Seller A engaged REALTOR® C as his appraiser, and Buyer B
engaged REALTOR® D. Both REALTORS® were informed of the agreement of the principals. The two appraisal reports were submitted. The principals averaged the two valuations and made the transaction at the price determined.
Six months later, it came to the attention of Seller A that REALTOR® C was managing the building that he had appraised. upon making further inquiries he learned that REALTOR® C for several years had managed five other buildings owned by Buyer B, and that he had been Buyer B’s property manager at the time he accepted the appraisal assignment from Seller A.
At this point Seller A engaged REALTOR® E to make an appraisal of the building he had sold to Buyer B. REALTOR® E’s valuation was approximately 30% higher than that arrived at six months earlier by REALTOR® C.
These facts were set out in a complaint against REALTOR® C made by Seller A to the local Board of REALTORS®. The complaint charged that since REALTOR® C was an agent of Buyer B; since he managed all of Buyer B’s properties; since
he had become manager of the property he had appraised for Seller A in connection with a sale to Buyer B; and since he had not disclosed his relationship to Buyer B, he had acted unethically, and in the interest of his major client had placed an excessively low valuation on the property he had appraised for Seller A.
At the hearing, Seller A also brought in a witness who stated that he had heard Buyer B say that he had made a good buy in purchasing Seller A’s building because Seller A’s appraiser was his (Buyer B’s) property manager.
Buyer B, appearing as a witness for REALTOR® C, disputed this and protested that he had paid a fair price. he substantiated REALTOR® C’s statement that management of the building formerly owned by Seller A was never discussed between them until after it had been purchased by Buyer B.
It was concluded by the hearing Panel that whether or not management of the building was discussed between Buyer B and REALTOR® C prior to its purchase by Buyer B, REALTOR® C had a logically contemplated interest in it as a property manager in view of the fact that he had served as property manager for all other properties owned by Buyer B. In view of this contemplated interest, he was bound by the terms of Article 5 to disclose this interest to his appraisal client, Seller A. he had failed to do this, and so was found in violation of Article 5 of the Code of Ethics. n
ARTICLE 5: DISCLOSE PRESENT OR CONTEMPLATED INTEREST
IN ANY PROPERTY TO ALL PARTIES[ b y J a c q u i e k e t c h e r s i d , P r o f e s s i o n a l s t a n d a r d s M a n a g e r ]
PA
ID A
DV
ERTI
SEM
ENT
GLVAR makes no promises or warranty of any kind with respect to the products or services provided by this advertisement. GLVAR shall not be liable for any claims, damages, expense and/or losses of any kind arising from the advertisement or use of this product or service.
I need five hours of your time.
Here’s why: Over the last four years, our voter turnout as REALTORS® has been slightly lower than the statewide averages. I’d give us a C- on performance.
I’ve been on board for a month, and have heard some reasons that this is the case. I’d like to hear more. Yes, I want you to e-mail me and complain. I want you to call me and vent. My job is to remove barriers to you voting, and to make it convenient for you to be an informed voter. Voting lower than the statewide average is a problem, and I can’t fix the problem until I know why it exists.
The feedback that I’ve received so far has shown that a few core issues keep coming up. (1) Our members want to know why we are supporting candidates instead of simply a list of who we are supporting and the message “trust us. These folks are good.” (2) Our members want the selection process for candidate endorsements to be more open. (3) Our members are as frustrated this year as the general populace. Actually, as small business owners our members are more frustrated.
Our plan to address these problems is as follows: (1) We are working to re-vamp the candidate
FIVE HOURSCAN CHANGE EVERYTHING
[ b y j o e b r e z n y , d e p u t y g o v e r n m e n t a f f a i r s d i r e c t o r ]
g o v e r n m e n t a f f a i r s
[ 12 ]
pages online so that you can quickly and easily see the reasons why we support our slate of candidates. There are nuts and bolts reasons why we endorse every single candidate, and we’re working on an easy, web-based solution to give you all of the answers that you need to make an informed decision as a voter. (2) The selection process for our candidate endorsements is one of the most open and easy to access that I’ve ever seen, but most members don’t have that information. If you attend two consecutive Political Affairs committee meetings you are voted onto the committee automatically on the third round. You can have as much influence in the process as you want, and you can have it pretty easily. Just show up. Our next meeting is July 8th, 8:30am, at GLVAR. We even serve bagels and coffee. (3) You have every reason to be fired up this year. And the best thing you can do to show your feelings is VOTE.
So why do I need five hours of your time? Because that’s what it will take between now and November from each and every one of you to make this work. • Ineedanhourfromyoutoreviewthecandidates and issues that affect you once the voter guide is online. • I need an hour from you to identify five other REALTORS® from your office and take responsibility for making sure your team votes. • I need an hour from you to call your five team members the week before early voting this fall and ask them to vote on the first Saturday of early voting, which is October 16th. • I need an hour from you to drive to the polls and vote on October 16th. • Andfinally,Ineedanhourforyoutocallyourteam members and make sure they voted.
In five hours we can change GLVAR to a group that votes our conscience and makes our voice known. But I need your help. Please vote.
Joe Brezny can be reached at 702.784.5016, or [email protected]. n
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l e g a l
Effective August 1, 2010, eligible homeowners with mortgages backed by government sponsored enterprises (GSEs) Fannie Mae or Freddie Mac may participate in those entities’ respective HAFA short sale programs. These new guidelines apply instead of the hAFA guidelines for non-GSE mortgages issued by the u.S. Treasury.
Like the Treasury’s hAFA program, the GSEs’ short sale programs are designed to mitigate the impact of foreclosures on borrowers who are eligible for a loan modification under the home Affordable Modification Program (hAMP) but ultimately did not complete a modification.
Several aspects of the Treasury hAFA program are repeated in the GSEs’ hAFA plans, and many forms are strikingly similar. Key features and differences are set forth in the accompanying table (see next page).
All the hAFA programs feature zero personal liability for the seller at closing. Accordingly, all subordinate lienholders must agree to accept their payoff in exchange for a full lien release. Consistent with the Treasury hAFA program, Fannie and Freddie guidelines do not permit subordinate lien holders to require contributions from the real estate agent or borrower as a condition for releasing its lien and releasing the borrower from personal liability.
Detailed guidelines for both Fannie and Freddie’s programs, including forms, are available ➠click here for GLVAR’s Short Sale and Foreclosure Resource Guide.
freddie macunder Freddie Mac’s plan, the loan servicer must first consider the borrower for hAMP and then for other home retention workout options before considering the borrower for hAFA. Once all other home retention workout options have been exhausted, eligible borrowers must be considered for a hAFA short sale. If the borrower is eligible for and agrees to a hAFA short sale, but the property does not sell within the hAFA marketing period, the Servicer may offer an eligible Borrower a hAFA Deed-in-Lieu if authorized by Freddie Mac.
Servicers must proactively notify eligible borrowers about the availability of a hAFA Short Sale in writing and allow the borrower 14 calendar days from the date of the notice to respond to the offer.
Borrowers cannot be offered a hAFA Short Sale Agreement if they are in an active hAMP Trial Period Plan, are performing on a hAMP modification, or are being evaluated for a Freddie Mac Short Payoff.
The effective date for the implementation of both the Fannie Mae and Freddie Mac hAFA programs is August 1, 2010; however, servicers are encouraged to adapt their processes to implement these policies and procedures immediately.
FANNIE AND
FREDDIE ARE
hAFA READY
[ b y d e a n n e M . r y M a r o w i c z , e s q . ]
c o n t i n u e d o n n e X t p a g e
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
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SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
l e g a l
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Homeowners with VA or FHA-backed loans may apply for those entities’ compromise or pre-foreclosure programs (see the “More Resources” sidebar for information).
Deanne Rymarowicz is GLVAR Legal Counsel. The information contained herein is not intended to give legal advice or to address specific legal or ethical situations. Legal questions should be directed to your legal counsel or the NVAR Legal Answerline at 1-800-748-6999 n
practice tips
• Listing agents could consider adding “HAFA approved” or similar language in Agent to Agent remarks to alert buyers’ agents. (Just make sure the seller is actually in a HAFA program.)
• If a transaction is mid-escrow when the seller is accepted into a HAFA program (or similar lender program), the buyer must be notified and any required clauses must be signed by the buyer.
• Use the short sale page ➠click here for GLVAR’s blog to connect with other REALTORS® and share experiences and insights.
• If you’re unsure of how to do short sales, either get educated or bring in someone who is competent in that area (see Article 11 of the Code of Ethics). But, be aware of licensing issues. Negotiating with a homeowner’s lender requires either a license under NRS 645F or, if the negotiator is a real estate licensee, that the licensee is involved in the real estate transaction. That means getting a Duties Owed. Read the Division’s position statement ➠click here.
more resources
➠CliCk on a resourCe to open a pDF or link to an external site.
FHa Pre-Foreclosure Sale Program
Fannie Mae HaFaHomepagewww.efanniemae.com/sf/servicing/hafa/
Freddie Mac HaFaHomepage www.freddiemac.com/singlefamily/service/hafa.html
Va Compromise loan Program
treasury hafa fannie mae hafa freDDie mac hafa
BASIC ELIGIBILITY
Borrower must be delinquent or default must be reasonably foreseeable.
Borrower in default or at imminent risk of default.
Borrower may not have substantial unencumbered assets or significant cash reserves equal to or exceeding three times the total monthly mortgage payment or $5,000.
Borrower must be more than 60 days delinquent. Borrower’s cash reserves must be less than the greater of $5,000 or three times the current monthly payment.
INCENTIVES $3,000 relocation expense to the seller
$1,500 to the loan servicer for either a short sale or deed-in-lieu
$2,000 to the investor for allowing junior lien payments
$3,000 relocation expense to the seller
$2,200 to the loan servicer for a short sale
$1,500 to the loan servicer for a deed-in-lieu
$3,000 relocation expense to the seller
$2,200 to the loan servicer for a short sale
$1,500 to the loan servicer for a deed-in-lieu
SUBORDINATE LIENS
Lienholders may be paid 6% of their lien, up to an aggregate cap of $6,000
Same Same
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If you’re like most REALTORS®, you put a great deal of thought and effort into your marketing materials, including advertisements, signs and business cards. You want to make every dollar count—but how much consideration do you give to the safety afforded by these communications? how much information are you giving the public that many people go to great lengths to keep private?
here are some very important steps that you should take to ensure your marketing pieces are both smart and safe:
• Allofyourmarketingmaterials shouldbepolishedand professional. Don’t use alluring or provocative photography in advertising, on the Web or on your business cards. There are many documented cases of criminals actually circling photographs of their would-be victims in newspaper advertisements. These victims were targeted because of their appearance in the photograph.
• Limittheamountofpersonalinformationyoushare.Don’t use your full name with middle name or initial. use your office address rather than your home address—or list no address at all. Giving out too much of the wrong information can make you a target.
• Concentrateonyourprofessionalproficiencyratherthan personal information in newspapers, resumes and business cards.
• Be careful how much personal information you give verbally as well. Getting to know your client does not need to include personal information about your children, where you live and who you live with.
• Allagentsinyourofficeshoulduseonlytheirfirst initial and last name on their “For Sale” signs to conceal gender and prevent anyone other than a personal acquaintance or current client asking for you by name. n
Visit NAR’s REALTOR® Safety Web site at www.REALTOR.org/Safety. Source: Washington Real Estate Safety Council; Louisiana REALTORS® Association; Nevada county Association of REALTORS®). This article is part of the NATIONAL ASSOCIATION OF REALTORS®’ 2009-2010 REALTOR® Safety Resources Kit.
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
WhEN MARKETING ThINK SAFETY FIRST
safety: knoWledge aWareness empoWerment
Former GLVAR President Patty Kelley recently graduated from NAR’s Leadership Academy. She was one of 27 REALTORS® nationwide to graduate and the only one from Nevada. The commencement ceremonies were held during the 2010 REALTOR® Midyear Legislative Meetings in Washington, D.C. “REALTORS® bring value to homebuyers, sellers and investors, and the NAR Leadership Academy gives REALTORS® the skills they need to bring value to the association and the real estate industry as a whole,” said National Association of REALTORS® President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz. The NAR Leadership Academy is a nine-month, five-session training and development program structured around national REALTOR® meetings. Members like Kelley who served leadership roles at the local and state level, but who have not yet been actively involved in national leadership positions at NAR, are encouraged to apply. The academy helps participants develop their leadership knowledge and abilities to eventually assume a national role. Candidates complete an application that includes questions on issues and topics that impact the business of real estate, their civic involvement and leadership aspirations. An advisory council selected a handful of REALTORS® for the leadership program that began in August 2009 at NAR’s Leadership Summit in Chicago and concluded during the May’s meetings in Washington, D.C. For more information on the NAR Leadership Academy program, visit www.REALTOR.org/LeadershipAcademy www.realtor.org/LeadershipAcademy. n
CONGRATuLATIONS PATTY KELLEY
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
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[ 21 ]SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
r e a l t o r . c o m
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DO YOu
[ b y J a s o n P l a t n e r , r e a l t o r . c o m ® ]
?
You should be using facebook.com to promote yourself. I did a simple search on Face book and I found 100,000+ people, that live in Las Vegas that are looking for information about the housing market. The most
common question that people were asking other users was, I want to know how to buy a home in Las Vegas, but I need information to make an informed decision. The fact is that no REALTOR® responded to these questions, and the people that did answer had no idea how to find the information!
Well, we at REALTOR.com® have the answer to this question, and we can make you the dominate player on facebook.com, and many other sites! All you need is a system that a person can just order a report about any neighborhood in Las Vegas. The awesome part about the whole program is that it is fully automated! The person orders the report and you will get an email saying someone ordered the report and our system sends the report without you doing a thing. All you will have to do is follow up with them.
marketing does not get any easier! When you sign up for this service you are going to get the market snapshot product from REALTOR.com®. This comes with the following: • TheMarketSnapshot(thesystemthat gives the information they are wanting) • Aquickstartguidethatisgoingtoshow you how to use facebook.com, craigslist. com, and your personal website to generate more top quality leads. • Youtube.comtrainingvideos,thatwill show you how to use facebook.com and craigslist.com to get top quality leads • You will also have the support of REALTOR.com® Customer Care and the support of Jason
The system is the best tool that you can use on the internet. It is my opinion that if you give the public the information they are looking for, you will stand out head and shoulders over other REALTORS® in the market because you look like a true professional.
I know for a fact that the program works. I have been working with an agent now for the past few months that has this system. he has done what I told him and he has been getting top quality leads every single day! he has listed and sold five homes, in the past 4 months of being in the program.
The program is only $99.99 dollars per month. For a little investment, and with the use of the quick start guide, the YouTube training videos and the help of Jason and Customer Care you are going to hit a homerun with this program. If you are willing to put some hustle behind the program you are going to be capturing more qualified leads and turning them into clients.
If you would like to order the Market Snapshot please call Jason Platner at 702-449-3690 or you can email him at [email protected]. he can place the order for you, and get you on your way to getting top quality leads. n
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
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Jason Platner
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
There is a lot of new stuff
within MLXchange. More things
are being implemented as I
write this article.
neW fields
Lockbox Location A 20-character field that is
required if Electronic, Mechanical or Both is
entered under Lockbox Type field. This field
has been added to Residential, Manufactured,
Multiple Dwelling and Rental. It was already
in high Rise.
Pets Y/N is a new required field in Rental.
This is in the default Rental Search RNT
Simple Search.
Status Updates is a new field in Residential,
Manufactured, Multiple Dwelling, Land and
high Rise. This field has the following options:
Buyer Signed Bank Addenda
highest & Best
Multiple Counters
Multiple Offers Received
Offer Received
neW report
(NEW) Appraiser/BPO Available in RES and
high Rise (formerly VER). This report prints
the most common fields needed for Broker
Price Opinions as well as Appraisers. This
report prints on ONE PAGE!
other neW stuff
25 images can now be added to a listing.
REPO/REO and Short Sale fields have been
added to the CMA reports.
Much of this was a result of input received
from members, especially during the MLS
Open Committee Forum held recently.
Watch for more……..
If you have any questions, please call
us at 702-735-0478 or email us at
NEW STuFF!!![ b y k a t h y h e a n e y ]
m l x c h a n g e
[ 25 ]
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
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PROGRAMS ASSiST WiTH
HOMEBUYiNG, cREdiT
cARdS, AUTO LOANS
A new law could provide an attractive housing option for many families near and around many military bases and shipyards.
While the biggest federal incentive for homebuyers expired for most consumers on April 30, members of the military could have an additional year to buy a home and claim the homebuyer tax credit.
The law allows service members another year to buy a home and claim the credit if they served on official extended duty outside of the united States for 90 days or more at any time between January 1, 2009, and May 1, 2010.
Those members have until April 30, 2011, to sign a sales contract, and until June 30, 2011, to settle and close on the home. Both the $8,000 first-time and $6,500 repeat
homebuyer tax credits are included in the rule.
“Congress recognized that many service members may have missed out on the homebuyer tax credit due to being posted overseas,” said Bob Jones, chairman of the National Association of homebuilders. “It is only fitting that they be given another year to take advantage of this opportunity in appreciation of the sacrifices they have made serving our country.”
Typically, homes that are sold or that cease to be used as a principal residence within three years of the initial purchase are subject to recapture of the tax credit. however, qualified service members who sell or move from a tax-credit home within three years of the initial purchase due to official extended duty are exempt from the recapture rule.
“Qualified service member” means a member of the uniformed services of the u.S military, a member of the foreign service of the u.S., or an employee of the intelligence community.
For years, all military personnel on active duty have been eligible for help with their mortgage and other debt under the Soldiers’ and Sailors’ Civil Relief Act (SSCRA).
TAX CREDIT EXTENDS INTO 2011 FOR SOME IN MILITARY
[ b y t o M k e l l y , i n M a n n e w s ]
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
The act allows Reserve and National Guard members and other military personnel whose mortgage obligations pre-date the start of their active duty to cap their mortgage rates at 6 percent while they are on active duty. Other benefits of the act include a prohibition on lenders foreclosing against affected military personnel during, and three months after, their tour of active duty.
Since home-loan rates have hovered around 6 percent for several months, one of the most significant provisions of the act includes consumer debt. It limits the amount of interest that may be collected on all debts -- not just mortgages -- of persons in military service to 6 percent per year during the period of military service.
This provision applies to debts incurred prior to the commencement of active duty and includes interest on credit-card debt, car loans and other debts.
Another key provision under the SSCRA protects dependents from being evicted while service members are serving. If a service member rents a house or apartment that is occupied for dwelling purposes and the rent does not exceed $1,200 per month, the landlord must obtain a court order authorizing eviction.
This provision applies regardless of whether quarters were
rented before or after entry into military service.
In cases of eviction from dwelling quarters, courts may grant a stay of up to three months or enter any other “order as may be just” if military service materially affects the service member’s ability to pay the rent.
This provision is not intended to allow military members to avoid paying rent, but rather to protect families when they cannot pay the rent because military service has affected their ability to do so.
Another significant protection under the act relates to civil proceedings. Service members involved in civil litigation can request a delay in proceedings if they can show their military responsibilities preclude their proper representation in court. Service members who are on an extended deployment or stationed overseas most often invoke this provision.
The Office of the undersecretary of Defense for Personnel and Readiness emphasized that the provision applies to pre-service debts, and the interest-rate reduction doesn’t occur automatically -- service members must request it. n
copyright 2010 inman News Reprinted with permission of inman News
[ 27 ]
TAX CREDIT EXTENDS INTO 2011 FOR SOME IN MILITARY
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
[ 29 ]
The Southern Nevada Regional housing Authority (formerly the City of Las Vegas housing Authority and Clark County housing Authority) is soliciting your assistance with identifying units that are accessible for disabled clients who have been determined eligible to participate in the Section 8-housing Choice Voucher Program. This program provides rental subsidy, based on family’s income to private owners.
hud’s def init ion of accessible unit The Section 504 regulations define an accessible dwelling unit as a unit that is located on an accessible route and can be approached, entered, and used by individuals with physical disabilities. A unit that is on an accessible route and is adaptable and otherwise in compliance with the standards set forth in 24 CFR 8.32 is accessible.
The housing Choice Voucher Program assists many disabled clients who sometimes have a hard time locating units to meet their needs. Whereas, SNRhA is prohibited from steering a client to any specific landlord, we do provide landlord listing to each client when they receive their vouchers during their mandatory briefing. units that are accessible are listed and marked as accessible. To list your unit(s), please go to our website at snrha.org; click on Landlord Information and the unit listing. All units remain on the list for 60 days. You must reenter the information if
your unit is not leased within that time-frame. unit listing forms are also available in our lobby.
We have implemented a computerized unit listing using GoSection8.com. This system allows voucher holders searching for units to complete their search from the comfort of their homes. We also have a Kiosk in our lobby for clients
to use to print units listed via GoSection8. You can list your unit on GoSection8.com free for basic services. There are changes if you want virtual tours/photos added. S.0041349 Many of our clients use both of these tools, so we encourage you to list any accessible units as well as all other units using both systems.
For those of you who have not participated in the housing Choice Voucher Program in the past, please contact our office and we will gladly mail you a housing Choice Voucher Owner’s handbook
that will explain the program. If you have any questions regarding the program or this outreach effort, please contact our agency at (702) 922-6900.
We thank you in advance for assisting our agency in assisting low-income and disabled clients within our community to find safe, decent and affordable housing, and for those in need of accessible units. n
504 ACCESSIBLE uNIT OuTREACh NOTICE
S.0000000
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
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The wait and suspense are over. A whole year of work, collaboration and fun resulted in receiving the Gold Award on behalf of the Las Vegas Chapter, Women’s Council of REALTORS®, at our Midyear Meeting, WCR Convention in Washington, D.C. Yes, the Gold Award for a
Mega Chapter is truly an honor. The honor is held by all of our faithful past presidents, our members, our dedicated sponsors, our spouses and family members who unfailingly support our efforts month after month and year after year. For this reason we thank you and salute you at the same time! If you aren’t a member, there’s no better time than now to start. Connect with the most powerful, most proven networking system, that REALLY works!
july 14, 2nd miXer/educational series — the legal eagles are taking off, again This will be your chance to quiz them and try to stump them with your questions. So, you think you know everything you need to know on foreclosures, short sales, mediation and bankruptcy? They will unselfishly provide you with the real facts -- the facts you must know to avoid pitfalls. This Mixer/Educational Series will be hosted at Robb & Stucky Furniture, at Town Square from 5:30 to 7:30 p.m. The cost for this event will be $15 which will include appetizers and drinks. RSVP now by calling (702) 944-4334 or www.wcrlv.org. The RSVP deadline for this event is Monday, July 12.
hot off the press neWs – Wed. august 4, margo Willis, president-elect for Women’s council, Will be our honored speaker providing a compelling program on Diversity. Margo was a First Sergeant in the Army; she will win your friendship instantly with her smile. her presentation on Diversity will inspire you. In November, Margo will be
installed as 2011 National President, Women’s Council of REALTORS® at the New Orleans National Convention. Margo’s certifications, awards and honors are too numerous to mention. We invite you to meet this very special and compelling successful lady! This Event is at ciLi’S, Bali Hai Golf club, and Wed., August 4, 7:30 TO 9:00 a.m. for Breakfast, knowledge and networking. This is a joint meeting with other associations and chapters. Please RSVP.
save the date July 14, Wed. for a Quarterly Education Series Mixer. The Legal Eagles give you answers to help you with foreclosures, short sales, bankruptcy and more! At Robb & Stucky Furniture, Town Square, 5:30 to 7:30 p.m. cost $15 RSVP required by Monday July 12.
August 4, Wed. diversity , Program. A joint meeting with other associations, featuring National Officer, Margo Willis, 2010 National President-elect, Women’s Council of REALTORS®. RSVP by July 30, cost $25 for RSVP’d members and $35 for guests. RSVP reservations to (702) 944-4334 or www.wcrlv.org. n
w c r
[ b y s h a r o n e x a r h o s , w c r l a s v e g a s c h a P t e r P r e s i d e n t ]
BRINGING hOME ThE GOLD – JOIN ThE CROWD NOW!
save
th
e d
ate
JULY 14Quarterly Mixer/Education Series
5:30-7:30 pm @ Robb & Stucky Restaurant (Town Square)
•AUGUST 4
Diversity Conclave Margo Willis, National WCR President-elect
Join Us For Breakfast Cili Restaurant at Bali Hai Golf Club
5160 S. Las Vegas Blvd (1 block south of Russell)7:30 a.m. - 9:00 a.m.
$25 for RSVP’d members, $35 for RSVP’d non-members
Register early to avoid the $5 additional late fee
RSVP @ www.wcrlv.org or 702-944-4334
?Q&a of the monthWhat does the acronym PPP stand for and who
originated it? PPP stands for “Precious Past Presidents.” It was conferred upon those who qualify, by our dearly departed Min Keenan
Melvin, my 2010 Past President Advisor, with whom I miss very, very much
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
[ 33 ]
june general meetingOuR June general meeting was cancelled and we will be meeting on September 15th at Lawry’s, so mark your calendars! We will be introducing the officers for 2011 as well as having a great program.
December will be our installation luncheon.
june in pahrumpThank you to Norma Jean for hosting our meeting and class in Pahrump. We had a FREE 3-hour CE class in contracts that I enjoyed teaching, along with Norma Jean.
choose your attitudeI would like to revisit this article as we are in a time that requires us all to work together to get deals done as well as being involved. So here goes….
Someone asked me the other day to define ATTITuDE? Attitude
according to Webster is manner, disposition, and feeling; position, etc with regard to a person or thing; tendency or orientation, esp. of the mind: negative attitude;
group attitudes. This got me to thinking and I
realized that the longer I live, the more I realize the impact of
attitude on life. Attitude, to me, is more important than the facts. It is more important than the past, than education, than money, than circumstances, than failures, than successes, than what other people think, say or do. It is more important than appearance, giftedness or skill. Attitude will make or break a business, group or a home. But we have a choice every day regarding the attitude we will
embrace for the day. We cannot change the inevitable or our past, BuT we are in charge of our attitude that we can change because I believe that life is 10% what happens and 90% how we react to it. REALTORS® who hold the cRS designation have great attitude, so become part of this group.
So as Maya Angelou says. “if you don’t like something, change it. if you can’t change it, change your attitude.”
election t imeInterested in running for office? Contact Judye Phebus at [email protected] or call her at 595-1229. We need people interested in being involved as officers and chairpersons. Think about getting involved!!!
We are planing another class In October along with GLVAR we are planning a CRS Designation class, help by registering early. ➠click here to register online. Also another class in Mesquite as well as Pahrump. Watch for dates!!!!
the eXecutive boardPlease feel free to contact the executive board forCRS about joining or getting involved:
Nancy L. Anderson, President: 521-3499Jackie Porter, President-elect: 321-8797Tim Kurtz, Secretary/Treasurer: 896-5500 n
c r s
September 15 • December 15All meetings are the last month of each quarter on the 3rd wednesday
11am networking 11:30am-1pm lunch & meeting@ Lawry’s “The Prime Rib”
CERTIFIED RESIDENTIAL SPECIALIST
ThE PROVEN PATh TO SuCCESS [ b y n a n c y l . a n d e r s o n , P r e s i d e n t ]
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
1-2-3 automotiveANDREW MALINE595-2640
1-800-got-junk?TOM DELANEy251-5865
1st choice flooringDEDE BENO485-5555
2go industriesNANCy SHED714-915-1669
a-1 mechanical incED HEINONEN363-6222
a & d cleaning servicesLINDA DyAR752-8990
aaaTONy LEVOyER622-8440
a beautiful smileCANDy DIxON876-2525
a fresh clean carpetHARVEy BROWN591-3116
access building solutions, llcCyNTHIA COTTON419-5009
accusign sign companyBILL BILANSKy597-2057
acn TINA TELLIS290-0727
advanced accounting etaX LuKE JOSEPH835-9244
aesthetic orthodonticsBOB DONOVAN784-0500
aesthetic staging & designLAuRIE BAROFF73-STAGE
affinity dental ROBERT DONOVAN562-5044
aflacPATRICK SuLLIVAN456-7520
all under one roofNORMA DALE227-5608
alliance cleaning & restorationJOHN & KAMILLA FOx558-8900
aliante dentalMELINDA MINDIETZ515-1888
almost anythingTRACI IGNOZZI426-9842
ameriplanCheryl Lockhart735-1181
anchorage constructionmanagement FRED KESSLER775-841-7546
anthem bcbsLAuRA TyLER696-1087
appleone employmentSAMANTHA KOLARI258-3010
attention to signsVICTOR L. VEGA501-0799
bb king’s blues club las vegasGEORGE CONTRERAS696-1517
beno’s flooring servicesNICK BENO221-9241
best home proJEFF JOHNSTON919-794-3350
black ledgerEMILy VIDRINE801-645-1146
br signs & graphicsLuIS CAJuEIRO348-9740
brand source lv valleyWOLFGANG BEDNAR269-1551
bush & levy, llcSuSAN BuSH868-4411
camp boW WoW las vegasJENNIFER O’HARE255-2267
car perksNICOLE MARTIN904-394-8190
carpets n moreKRySTAL BROWN458-9999
city saverMIKE CLOuGH325-2338
clearDAVID MAyNE997-1228
concentra medical centersANDREW KLEIN227-1835
colonial lifeKELLy WARE275-0515
colorful linesSCOTT OLSEN290-3556
cortTRICIA BERNARD822-7368
cpg toursMICHAEL COLE888-525-5251
csi services llcANN MOORE227-1274
custom benefits consultantsALEx RIPOLL838-2777
custom furniture rentalLARRy BuRZyNSKI384-6996
dans heating & cooling incDAN FLEISDER616-2534
desert bmW of las vegasTHERESA ORLANDO561-9221
desert shine WindoW cleaningROB WATSON227-7221
desert valley maintenanceDEMETRIOS ARVANITIS641-6937
distinct energy performanceKEVIN PARKINSON / ANNETTE BuBAK396-5080
diversified protection systemsROD STANLEy332-8034
ductz of hendersonCRAIG NuHFER560-5077
dumont cleaningMARGRET DuMONT808-9662
edge design group, incESTHER CRuZ378-2464
elite financial planning groupDR. GEOFFREy VANDERPAL383-5092
enterprise rent-a-carMARISSA BIRCH597-4560
er laWCRISTINA EVANS463-7529
eXecutive service contractorsFOSTER HOLLOWAy460-7505
euro-kitchen & cabinets, incGEORG J WyINK328-1596
everett agencyJABARI EVERETT738-8661
faultless home inspectionsCHRISTIAN F. FALTER469-6659
ferguson bath, kitchen & lightingBOB BAuER368-2284
fingertip books and kitsJACK LyONS310-941-7100
fiXyourpda.comCLINTON MONTGOMERy327-4962
fresh landscapeARTuRO ROJAS582-4145
fung shui-design solutionsROCHIEL WALLERS354-6809
fung shui interiors.comSHELLEy DEEGAN947-0857
gilligan’s hideaWayTINA ROACH / RANDy GENOVESE214-8610
health Quotes of nevadaJOE TEGANO228-0715
henderson hyundaiGARy WESOLOWSK / JOE BISCARDI565-1500
home staging by lynLyN HOuBEN768-9273
hoWard marstellar virtual toursHOWARD MARSTELLAR 821-1165
ihouse Web solutionsLISA FASANA866-645-7700 x525
infinity dental DOuGLAS SANCHEZ248-4448
insight photosANDy ANDERSON595-0697
insurelasvegas.comMICHAEL J. CONNOLLy III914-6911
jcs video productionsJACK VOSBuRGH596-9291
jump 2 it plumbing llcDARRICK JuMP438-3106
kings appliance repairANTONIO & MARIA REyES294-2900
kruyer dental PAuL KRuyER432-2223
kung & associates laW firmSANDy VAN, ESq.382-0883
la paloma affinity pre-needSANNENE GAREHIME809-9556
las vegas local advertisingRyAN DuNN630-3866
las vegas relocation guideJENNIFER MAHAR444-4088 ExT 224
M E M B E R B E N E F I T P A R T N E R Sc o n t a c t t h e s e v e n d o r s t o s e e W h a t d i s c o u n t s a r e a v a i l a b l e o r ➠c l i c k h e r e
[ 34 ]
servpro of southWest las vegasRANDOLPH FARIAS429-3621
service master 1st responseERICA TOMLIN896-4197
shop bestDON TWARDOWSKI860-2778
silver state printing & mailingSTAN MORROW489-2124
signature floWersCHERyLL ICASA562-8884
siX flags magic mountain-hurricane harborSELVyN COBOS661-255-4825
sourcing point solutionsDAVE DENNy 388-9940
southern nevada moversKuRT SIEVERTSON649-7743
spectrum home servicesCHRISTOPHER SPAHR214-7928
sterling pest controlJuSTIN ANDERSON293-5533
storage oneALICIA BRAACH270-2147
straighten up! professional organizingSAMANTHA RATLIFFE-D’ARRIGO630-2448
steamatic total cleaning & restorationMICHAEL ESPOSITO633-0383
stovall & associatesMICHAEL IGLINSKI258-3034
surfboard dreams m.p.d.PENNy TyNER473-9522
tastefully simpleWENDy SCHALLER561-0132
tavarez handymanEDuARDO TAVAREZ742-6890
the daily postDARREL & BARBARA BARNETT878-8513
the international affiliation netWorkJENNIFER PENCE796-6363
the maidsPEGGy LAGOMARSINI870-3360
the neW las vegas dietDAVID PEGASuS450-3909
the pipeline / the funding houseSHIRLEE ROSE542-3421
tire Works total car careBARRy TEMPLE883-7300
titan stairs and trim incMARK HuNDLEy221-9980
tour360.comJAMES WHEELER677-7711
travel our globeRANDy SOTKA202-6851
u.b. trippinBRENT SIMS542-5192
uniQue landscaping llcSPIROS FILIOS 869-4242
Waddell & reed financial WILLIAM TARASEN736-3656
Warren’s homeWorkKATHRyN BuLAVA876-9610
Williams heating & cooling incDWAyNE WILLIAMS403-6096
Winder farmsRICHARD CLARK949-6025
World venturesDAWN HOuLF236-6266
verticals, blinds, & shadesJACK VOSBuRGH596-9291
Xtreme advertising, incKuRT SCHAEFER644-7313
yosemite home decorTAMI BOGENSCHuTZ327-8585
c o n t a c t t h e s e v e n d o r s t o s e e W h a t d i s c o u n t s a r e a v a i l a b l e o r ➠c l i c k h e r e
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
[ 35 ]
legoland californiaWWW.LEGOLAND.COM/BuyTICKETSCODE 295-DEALS
long term care financial partnersDAuRENE LEE685-9105
love your carpet & upholsterySTEVEN CORREA898-6070
margots online insuranceMARGOT ALLAIRE279-5141
massage heightsA. MIZENER431-1300
massage envyDAVID NyDAM368-3689
menopause the musicalLINDA GERMANy238-4187
metro bee & pest controlSCOTT KRIENKE250-5588
mls photosTyRONE BOyER596-5462
move 4 lessAVRAHAM COHEN889-6683
national health administratorsMITCHELL KuHN 1-800-432-0091
needham laW firmEVAN NEEDHAM, ESq.258-5858 ExT. 1
nevada drug cardSuZANNE DOMORACKI510-0100
nevada insurance & financialPETER KRAN326-9229
nevada ozone inc.THOMAS HORAN488-4051
nick coletsos photographyNICK COLETSOS 860-8658
ny hair companyNIKKI TuCKER515-9445
oak hill senior livingDONALD PARKER732-0652
obeo.comKRISTIN COMBS801-637-4663
odor mastersIAN SIMON491-2526
officemaX impressSHELLEy ESCHKER245-3248
opportunity village document destructionPAuL SHLISKy880-4092
pam teer / trW credit groupPAM TEER318-5584
paul’s handyman servicePAuL SANCHEZ497-8436
pdQ printingKRISTI SWASEy876-3235
photography in motionDAVID PANTER358-3328
pocket-promo llcJEFFREy ARNOLD977-0186
poWer clean pressure WashingDAVID FIGEROA489-5985
precision ultrasoundGARy SCuLLy760-327-6770
presidential save shopNINA WILLIAMS248-7428
professional pressureDAVID LAMARCA326-9101
professional Website contentTERRI & ANTHONy ARNOLD592-4446
promotional imaging usaESTER BOyTER & MACEy SCHOEN240-7558
rare capture photographyMICHAEL MARKOVIC434-5840
raQuel steWart cleaningRAquEL STEWART979-9764
r.c. Willey home furnishingDENNIS LuCAS801-856-6683
real tech u.s.DAVID S. VAuGHN208-755-2263
recognition eXpressJEFFREy TINO798-0800
robb & stucky interiorsSHARON ALLEN531-0577
scentsyKAREN WINN349-7422
send out cardsJAN & GEOFF RIDDLE813-3671 / 612-9200
sentry West insurance servicesBRIAN JENSON800-328-1827
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
[ 38 ]
Our Member Appreciation Bar-B-Que on Sunday, May 23rd was a success. Even though the weather did not cooperate, we had 500 members and guests come and join us at Sunset Park.
GLVAR would like to thank all of the *sponsors for their support.
*page 40
p h o t oo p p s
MEMBER APPREciATiON
BAR-B-QUE
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
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S I N G L E F A M I L Y h O M E R E P O R T[ m a y 1 - m a y 3 1 , 2 0 1 0 ]
ExIS
TIN
G S
ING
LE F
AM
ILy
HO
MES
FOR MORE COMPREHENS IVE S TAT I S T I CAL REPORTS ➠CL I CK HERE
s a l e s new listings
pRICE RANGE 2 BDRmS 3 BDRmS 4+ BDRmS TOTAL UNITS S/fAm UNITS
$49,999 or Under 16 52 14 82 137
$50,000 to 59,999 11 49 17 77 117
$60,000 to 69,999 13 52 18 83 149
$70,000 to 79,999 12 62 22 96 158
$80,000 to 89,999 21 86 24 131 186
$90,000 to 99,999 15 100 33 148 248
$100,000 to $119,999 34 248 84 366 524
$120,000 to $139,999 26 265 115 406 582
$140,000 to $159,999 20 210 145 375 481
$160,000 to $179,999 11 150 107 268 357
$180,000 to $199,99 6 76 95 177 305
$200,000 to $249,999 20 83 179 282 464
$250,000 to $299,999 10 31 107 148 246
$300,000 to $399,999 11 32 94 137 218
$400,000 to $499,999 3 9 36 48 74
$500,000 to $999,999 0 8 45 53 108
$1,000,000 to $2,999,999 0 0 5 5 47
$3,000,000 to $4,999,999 0 0 2 2 3
$5,000,000 and Over 0 0 0 0 4
totals 229 1,513 1,142 2,884 4,408
median price 110,000 125,000 178,000 142,000 145,000
average price 137,306 137,064 221,424 170,488 198,014
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
LISTED SOLD
2006 2007 2008 2009 2010
38% 24% 41% 67%61%
LISTED VS. SoLD
FOR MORE COMPREHENS IVE S TAT I S T I CAL REPORTS ➠CL I CK HERE
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
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C O N D O / T O W N h O M E R E P O R T[ m a y 1 - m a y 3 1 , 2 0 1 0 ]
ExIS
TIN
G C
ON
DO
/TO
wN
HO
MES
s a l e s new listings
pRICE RANGE 1 BDRm 2 BDRmS 3 BDRmS TOTAL UNITS CONDO UNITS
$49,999 or Under 56 96 19 173 265
$50,000 to 59,999 17 61 15 93 165
$60,000 to 69,999 4 68 22 94 162
$70,000 to 79,999 0 60 15 76 138
$80,000 to 89,999 2 27 33 62 73
$90,000 to 99,999 1 21 21 45 81
$100,000 to $119,999 1 23 24 48 86
$120,000 to $139,999 0 16 16 33 52
$140,000 to $159,999 0 20 8 28 28
$160,000 to $179,999 0 9 7 16 22
$180,000 to $199,99 0 5 0 6 18
$200,000 to $249,999 0 3 3 6 22
$250,000 to $299,999 0 4 2 6 7
$300,000 to $399,999 0 1 1 2 7
$400,000 to $499,999 0 0 1 1 2
$500,000 to $999,999 0 0 1 1 3
$1,000,000 to $2,999,999 0 0 0 0 0
$3,000,000 to $4,999,999 0 0 0 0 0
$5,000,000 and Over 0 0 0 0 0
totals 81 414 188 690 1,131
median price 42,000 66,050 85,400 67,250 69,500
average price 44,706 77,630 97,851 79,425 82,773
20,000
15,000
10,000
5,000
0
LISTED SOLD
2006 2007 2008 2009 2010
37% 21% 28% 61%62%
LISTED VS. SoLD
FOR MORE COMPREHENS IVE S TAT I S T I CAL REPORTS ➠CL I CK HERE
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
[ 44 ]
A N N u A L M L S S T A T I S T I C S
$170,118 $168,937
$87,696 $75,436
Year End Average
Thru May
2009
2010
TOTA
L UN
ITS
SINGLE FAMILY CONDOMINIUM
2006
2007
2008
2009
2010
2006
2007
2008
2009
2010
TOTA
L UN
ITS
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
1000
900
800
700
600
500
400
300
200
100
0
4000
3500
3000
2500
2000
1500
1000
500
0SIN
GLE
FA
MILy
CLO
SIN
GS
CO
ND
O/T
Ow
NH
OM
E C
LOSI
NG
SA
VERA
GE
PRIC
E
FOR MORE COMPREHENS IVE S TAT I S T I CAL REPORTS ➠CL I CK HERE FOR MORE COMPREHENS IVE S TAT I S T I CAL REPORTS ➠CL I CK HERE
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
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R E S I D E N T I A L R E N T A L L E A S E D R E P O R T[ m a y 1 - m a y 3 1 , 2 0 1 0 ]
RES
IDEN
TIA
L RE
NTA
L U
NIT
S L
EAS
ED
pRICE RANGE 2 BDRmS 3 BDRmS 4+ BDRmS TOTAL UNITS S/fAm UNITS
$500 or Under 15 0 0 15 11
$501 to $800 294 32 5 331 260
$801 to $1,000 150 233 8 391 301
$1,001 to $1,300 91 494 147 732 579
$1,301 to $1,500 24 102 100 226 212
$1,501 to $1,700 17 43 50 110 95
$1,701 to $2,000 23 30 64 117 83
$2,001 to $3,500 14 29 61 104 94
$3,501 to $5,000 2 2 14 18 23
$5,001 to $8,000 1 2 1 4 9
$8,001 to $10,000 0 0 0 0 3
$10,001 and Over 0 0 1 1 1
totals 631 967 451 2,049 1,671
median price 825 1,150 1,450 1,150 1,175
average price 974 1,218 1,724 1,254 1,316
s a l e s new listings
AVeRAGe PRIce
may 2009 $1,348June 2009 $1,299July 2009 $1,405August 2009 $1,255September 2009 $1,477October 2009 $1,264November 2009 $1,261December 2009 $1,313January 2010 $1,261february 2010 $1,731march 2010 $1,193April 2010 $1,413May 2010 $1,254
mEDIan prIcE
may 2009 $1,200June 2009 $1,200July 2009 $1,195August 2009 $1,195September 2009 $1,150October 2009 $1,150November 2009 $1,125December 2009 $1,150January 2010 $1,145february 2010 $1,100march 2010 $1,100April 2010 $1,100May 2010 $1,150
$3,000
$2,500
$2,000
$1,500
$1,000
$500
0
$1,671
$2,049
LISTED LEASED
LISTED VS. LEaSED
FOR MORE COMPREHENS IVE S TAT I S T I CAL REPORTS ➠CL I CK HERE
SOUTHERN NEVADA REALTOR® JULY 2010 www.LasVegasRealtor.com
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s u n d a y m o n d a y t u e s d a y W e d n e s d a y t h u r s d a y f r i d a y s a t u r d a y
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
J u L Y 2 0 1 0unless
otherWisenoted all
meetings areheld @ glvar
10:00am Forms Committee2:00pm NVAR Convention Committee
8:30am Faculty Committee
8:30am Political Affairs Committee10:00am CALV BOD
11:00am General Membership Meeting (Bally’s Las Vegas)
3:00pm Zipform Training
9:00am Property Management Committee 10:30am Bylaws Committee
8:30am Grievance Comm 10:00am MLS Open Forum5:30pm WCR Mixer (Robb & Stucky Furniture)
1:00pm Technology Forum
4
®REALTOR® TRAdEMARk
Did You Know…
The terms REALTOR®, REALTORS® and
REALTOR-ASSOCIATE® should appear in all
capital letters and with federal registration symbol
“®” should be used with each term whenever
possible. For example, John Jones, REALTOR®.
2:30pm Investment Committee1:00pm Finance Committee
11:00am Executive Committee
8:30am Board of Directors Meeting
C A L E N D A R S u B J E C T T O C H A N G E ➠ C L I C K H E R E F O R C u R R E N T I N F O R M A T I O N
g l v a r e l e c t i o n s5
g l v a r e l e c t i o n s
g l v a r e l e c t i o n s
