Home4Sale

Some news on the sale and a new blog!

Hello,

This is John, the home owner. Well at least I will be the owner for the next few days. 1380 Coppelia Ct, the house that has been so good to us for the last 4 years, has been sold and we move out in just a few days. I'll post a summary of the experience, including a reasoning behind the price drop in a few days. Then alas  I will be looking for a place to lodge the archive of this blog permanently and will have to close down the typepad location as they charge monthtly and have no archive option.

My musings and links to new developments in the home and housing markets will continue over at TheHomeBlog. (http://thehomeblog.blogs.com) I look forward to seeing you there.

[ttags: home, home4sale, realty, realestate, real+estate, blog, blogs, weblog, typepad ]

Las Vegas Centennial 2005

Thought I'd mention that 2005 kicks off Las Vegas' Centennial Celebration. (visit the official website.) With all the hotel demolitions most people don't think of history when they're thinking of Las Vegas. However, you couldn't be more wrong. The city is built near a natural spring and wetlands which were the crossroads for thousands of years of trade among the native inhabitants of the area.

Who knows they might even bring back Helldorado Days.

The Centennial site includes some great photos from the early days of Las Vegas. (page 1, 2, 3)

Let me Re-introduce myself

It's been a fun few years here at the Frost Residence. That's been my title for the last 3 years and 9 months. The Frosts were the first family to occupy my many rooms, I love them and they have loved me, but now they are moving away. So I am back on the market after a brief hiatus with a new MLS listing, but that listing is only so long and you miss out on many of the things I think are great about myself. So I’ve decided to log on to that internet thing everyone is talking about and start one of those new-fangled blogs that are all the craze these days. Who knows? I might meet my new family this way. Maybe it’s you!

(you can look me up at GreatLasVegashomes.com or Realtor.com in zip code 89052 with MLS #469000 (link)).

Final Open House of the Year

A quick announcement to let you know we're having the final open house of the year. Come by tour the property, see the neighborhood, stay awhile. Who knows you might want to move in.

Comeby Today, Sunday the 19th from Noon to 4pm or next Saturday and Sunday, the 28th and 29th from Noon to 4pm.

Here's a flyer crafted for the occaision.

Open House

Well, it looks to be an exciting week. The whole Las Vegas Housing Market has undergone a market correction. So prices are falling, buyers are getting back into the market, and mortgage rates are still very low. Sounds like a recipe for success. I've had the price lowered by over 15% since I went on the market and am now a respectable $697,500. A real bargain when you consider the size of my landlot and the prices of similar homes.

If this intrigues you I invite you to stop by anytime. Or if you want to visit during an open house, come by this weekend. I'll be open from 11AM-4PM Saturday and Sunday. See you then.

An Update from me!

It's been an interesting couple of weeks here. I made the front cover of the local Home Buyer's Guide October Edition which should bring me some more foot traffic. And that's a good thing (sorry Martha). We've had a half dozen or so interested buyers, but half of them are still waiting for their homes to receive an offer before they can consider making an offer on another property (that's what is called a contingent offer, if I recall correctly). The rest we're still expecting to hear from this weekend.

More and more homes in my price range are getting offers, which is also a good thing. I think that means the market is starting to come back to an equalibrium. Finally, the August housing numbers were announced today and new home construction spending increased by something like 20%, that's twice what analysts were predicting.

So all and all I'd say things are looking up and I hope to meet my new owners soon. Maybe they'll come for a tour tomorrow?

What about Mortgage Rates?

The central reserve board just raised the prime lending rate another quarter of a percent. It looks like this trend will continue until that magical 'neutral rate' is acheieved and the economy can bake along at a substainable rate. What does this mean for home buyers and sellers, well it means that mortgage rates will be going up over the long term. Mortgage rates are not tied directly to the prime rate, but they do trend the same when taken over time. Rates are still at historical lows, but no one knows how long this will last. As for my sale, I hope this means more home buyers will be getting into the market hoping to close escrow before mortgage rates go up any more.

Realtor Open House

Announcing my first Realtor Open House. I'm very excited. It's this Wednesday, September 22nd 2004 from 11AM-2PM. For more information please visit our invitation page.

Of course, if you're not a Realtor or can't make it on Wednesday I'm happy to have you stop by earlier.

I'm Back!!!! I really didn't go anywhere...

I'm back. The real estate market has been undergoing a correction the past few months. It was decided that rather than try and guess what the market would do, we would just ride it out and then adjust as needed. Well, we think the market is done correcting. The result is more homes are on the market than ever, but more homes are selling each month than ever. Mortgage Interest rates are stable, if not a little lower than they were a few months ago, which is helping keeping the market strong. The New Home market is still very tight with costs rising monthly and waiting lists as long as ever. Las Vegas itself remains a hot destination for new residents and no one sees any end in sight to that trend.

All those factors and more, were considered last night and a new listing price was decided upon. Yes, it's significantly lower than where I was originally priced. But that was in June and the market was very different. Could I sell my original listing price today? Sure. Homes in that price range in my area sell every week. A property right down the street from me sold for $875,000 and many around me are listed at 800K and above.

If you're in the Las Vegas housing market as a buyer, realtor, or investor, I hope you'll look at my listing and then stop on by to see what makes me unique (as I've been trying to describe in the previous entries).

I look forward to seeing you soon!

Notice...

Just a quick note to let you all know that while I remain on sale this weblog will be going dormant for a while. I may poke back in to post every now and then. But for reasons that will become clear later, I can no longer regularly update this page. Very Sorry. I was having so much fun doing so.