Home Buying in Las Vegas>Question Details

Michael, Home Buyer in Las Vegas, NV

Do any of you have access or can provide me with Las Vegas real estate data?

Asked by Michael, Las Vegas, NV Wed Apr 20, 2011

Looking for pretty much everything under the sun that can be used as a metric... notice of defaults,trustee sales, home prices (median, 25th and 75th percentile), inventory, rental trends, construction and replacement costs, cost of finished lots, and the like. I know I am asking a lot, but if you just provide me with the link or let me know where I can get it, I would really appreciate it. Would prefer if it went back many years.

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7
Everything you want is available on a fee based subscription service with a free 7 day trial. That is where I get my information for the "silent invesntory" of bank owned REOs, over 6000 as of May, 2011


David Cooper..Las Vegas Foreclosure Investor in Bank Owned REOs with Cash Flow. email davidcooper@lasvegaswinner.org or call for FREE daily list. +1-7024997037
0 votes Thank Flag Link Mon May 23, 2011
I pull stats for market reports on a monthly basis. Mine are mostly used for BPOs and then clients. I do post them for the general public to see also. I do many types from concessions, inventory, absorption, area, sales by type, financing types, etc. I have linked up the market reports below:
0 votes Thank Flag Link Mon May 23, 2011
Hello Michael,

Nice picture you have on your profile. I don't know where you are but it looks very beautiful. I can provide you with all the information I have available. Several title companies I work with can provide us the informaiton you are requesting. I know you have other agents who have offered to help you so depending on what you decide let me know if I can be of assistance to you.

Enjoy your day, Penny

Penny O'Brien with Simply Vegas
3042 S. Durango
Las Vegas, NV 89117

Penny@PennysProperties.com
Call or text: 702.321.9383
0 votes Thank Flag Link Thu Apr 21, 2011
nichael - in the review journal they usually post some stats on real estate every sunday. try calling the las vegas board of realtors and they should have a resource for you. thakns ,allan lovinger
0 votes Thank Flag Link Thu Apr 21, 2011
The source I use for the most accurate foreclosure information is REDLOC, which is the preferred vendor for Trulia. With a subscription, you get the actual address of the home, either in default, going to auction, and Bank REO. There are 6400 Bank REO houses in REDLOC today, and only 1400 of these listed.


David Cooper Las Vegas Foreclosure REOs with Cash Flow. email or call for FREE list +1-7024997037
not a real estate agent
0 votes Thank Flag Link Thu Apr 21, 2011
Hello Michael,

You may be too heady for most of us who post on Trulia. To my knowledge there isn't one place where you can go to get all of this information. there is a big seminar today that if you read this early enough, you might want to attend. it is called the Crystal Ball Seminar. go to: http://www.crystalballseminars.com/nev/ for more info. for notices of Default you can go to: http://www.lvdefault.com/ For notice of trustees sales and postponements go to Nevada legal news at: https://www.nevadalegalnews.com/index.php As for home prices (median, trends, etc), send me your email and I will send you a monthly update by zip code. Cost of finished lots? That is a tough one. Virtually no one (very few) is finishing lots right now, but a general rule of thumb is that it takes approximately $25,000 per lot to develop the dirt into a building site. Add the cost of the land to that, the density per acre and you have your costs. But, having said all that, when the boom turned to bust, there were so many lots that got turned back into the banks that pretty much any construction you see (most, not all) today is on finished and repossessed lots which builders are now acquiring for as little as $25,000 per finished lot - the cost of bringing in a finished lot and the dirt is free!

Replacement costs are so high right now in relation to the price you can buy a foreclosure or short sale for as to render that info academic. But it is not impossible to figure. If you look at the price of new homes, take off $25,000 on the low side and $50,000 on the high side (for the lot cost), subtract an additional 10 to 15% for builder profit (10% is probably closer to reality) divide the result by the square footage and you will come pretty close to the replacement cost per square foot. As I said, it is a bit academic since REOs and Short Sales are so ridiculously lower than new homes, it just serves to make these home prices feel more like a bargain. Continuing that academic look, if you look at what any builder is selling the same size, home with similar fit, and finish subtract the price of an REO, divide by the square footage and you will have the spread or margin from replacement cost to today's market prices. Generally it is between $10 per square foot on the low side and $30 per square foot on the high side, depending on fit and finish (amenities). If you want a bit more forensic opinion of the replacement cost, call an appraiser, and he will give you his rules of thumb.

Does that help?

When you are ready to drill into the data a bit deeper, call me at 702-491-4663, or email me at Steve@REOVegas.com

Best of luck, and thanks for reading.
0 votes Thank Flag Link Thu Apr 21, 2011
Dear Michael, I am a Realtor in Las Vegas and had closed many successful transactions, including short sales, reo properties, foreclosures, trustee sales, among others. I usually work in the investment area were the ROI is one of the most important aspects. I definitely can help you to find the right property for your needs. My name is Elizabeth and you can reach me at elizarealtor1@gmail.com, please email me with any questions.
0 votes Thank Flag Link Thu Apr 21, 2011
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