The current economic downturn is not limited to the middle and lower class, there are a growing number of luxury homes in Las Vegas that have fallen into foreclosure.  There are currently 72 properties over $700,000 that are bank owned/foreclosures.  That number has increased steadily since last year.  To see the full list of luxury foreclosure properties on the market in Las Vegas click here.

    I had the opportunity to film a tour of the largest foreclosure on the market.  This home is located in Tournament Hills right on the TPC golf course. This is a guard gated golf course community with custom homes located in the master planned community called Summerlin.

If you would like a private showing of this property, please call me toll free at 1-866-589-1646. There are wonderful opportunities in this market and I would be happy to help you find them.  If you would like to start your own FREE foreclosure search, click the icon below. 

Are you a Homeowner Considering a Las Vegas Short Sale?

The O'Brien-Nikolv Team are experts with the Las Vegas short sale process.

Jan O'Brien is the co-author of the Certified Foreclosure Alternatives Consultant designation course.  

Call Us direct at 702-608-5260 to schedule a Foreclosure Alternatives Consultation today.

The National Association of Realtor's chief economist Lawrence Yun and President Charles Mcmillin released a video pod cast about the Stimulous package and the impact on the housing market. Now, this video is....what's the word...DRY, but it full of valuable information about new legislation.

Yun went on to state in a recent article from Realtor.org (Click here to read the full article):

Significant local market variations continue. "A majority of markets experienced sales declines of more than 20 percent from a year ago, but some markets appeared to have reached the tipping point of accelerating home buying," Yun said. "For example, home sales in Las Vegas have more than doubled with some reports of multiple bids."

I can definitely confirm the report of multiple offers. I'm currently working with 5 buyers who are looking for properties in Las Vegas. Many times when I call a listing agent to check availability of a property, they tell me there are 4, 5, sometimes 7 offers on properties. The media doesn't talk about these situations because it doesn't sell. People interested in catching the bottom have got to start making a move, because the bottom of our market will come a go faster than you think. If you would like to search for foreclosure properties currently on the market, please click the icon below or you can contact Felipe Crook by clicking here.

Are you looking to purchase property in the Las Vegas area?

Nevada continues to have the highest number or foreclosure filings for all US states according to www.Realtytrac.com.   Realtytrac records and defines foreclosure filings as:

".... documents filed in all three phases of foreclosure: Default - Notice of Default (NOD) and Lis Pendens (LIS); Auction - Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank)."

"Nevada foreclosure activity in January decreased 4 percent from the previous month, but the state continued to register the nation's No. 1 foreclosure rate, with one in every 76 housing units receiving a foreclosure filing during the month. Foreclosure filings were reported on 14,444 Nevada properties in January, up 137 percent from January 2008."

Las Vegas ranked as the second highest metro foreclosure rate (#1 was Merced, CA) in January with one in every 63 housing units receiving a foreclosure filing.

Bank-owned (REO/Foreclosure) sales accounted for 81% of all residential closings for January 2009 in the Las Vegas Real Estate market.

The Greater Las Vegas Association of Realtors reported the following breakdown of closed residential transactions for January 2009:

• Cash 25%     Average Sale Price = $149,267
• Conv 31%      Average Sale Price = $221,460
• FHA 36%      Average Sale Price = $168,760
• VA 8%          Average Sale Price = $193,787

What is the good news?   There are tremendous purchasing opportunities for Las Vegas properties.  With interests rate low and prices even lower, there has truly never been a better time to buy then now.

Start Your search Now:

Want to customize your search, save your favorite properties, and get notified of new properties as they come onto the market? Click the icon below to start your own search for properties in Las Vegas, Henderson and North Las Vegas for FREE.

Are you a Homeowner Considering a Las Vegas Short Sale?

The O'Brien-Nikolv Team are experts with the Las Vegas short sale process.

Jan O'Brien is the co-author of the Certified Foreclosure Alternatives Consultant designation course.  

Call Us direct at 702-608-5260 to schedule a Foreclosure Alternatives Consultation today.

Click below to see foreclosures in various Sun City locations in Las Vegas

Sun City active adult communities in Las Vegas were developed by Del Webb as a great place to retire. With state of the art community centers equipped with fitness centers, tennis courts, computer labs, craft rooms. Walking trails, and community events will keep you quite busy as you enjoy the comforts of a master planned community.

Foreclosures in Sun City Las Vegas Under $200,000

Foreclosures in Sun City Las Vegas from $200,000-$300,000

Foreclosures in Sun City Las Vegas over $300,000

Want to see all available properties in Sun City Las Vegas? Click HERE

Not finding what you're looking for? Want to customize your search, save your favorite properties, and get notified of new properties as they come onto the market? Click the icon below to start your own search for properties in Las Vegas for FREE.

Are you a Homeowner Considering a Las Vegas Short Sale?

The O'Brien-Nikolv Team are experts with the Las Vegas short sale process.

Jan O'Brien is the co-author of the Certified Foreclosure Alternatives Consultant designation course.  

Call Us direct at 702-608-5260 to schedule a Foreclosure Alternatives Consultation today.

Green Valley Ranch is a 1,310-acre master planned community in Henderson, Nevada, created by American Nevada Company. The community features a carefully planned mix of land with over 4,000 homes. More than 200 acres of land are dedicated to recreational amenities including parks, open space areas, and pedestrian & bike paths.   

Green Valley Ranch Foreclosures - Single Family

Green Valley Ranch Foreclosures - Condos and townhomes

Green Valley Ranch Resales - excludes foreclosures/bank-owned single family homes

Green Valley Ranch Resale Condos - excludes foreclosures/bank-owned condos

Not finding what you're looking for? Want to customize your search, save your favorite properties, and get notified of new properties as they come onto the market? Click the icon below to start your own search for properties in Las Vegas, Henderson and North Las Vegas for FREE.

Are you a Homeowner Considering a Las Vegas Short Sale?

The O'Brien-Nikolov Team are experts with the Las Vegas short sale process.

Jan O'Brien is the co-author of the Certified Foreclosure Alternatives Consultant designation course.  

Call Us direct at 702-608-5260 to schedule a Foreclosure Alternatives Consultation today.

Red Rock Country Club foreclosures for sale

Red Rock Country Club offers residents a wonderful guard gated golf course community nestled against the mountains on the west side of Las Vegas. Two Rolling fairways, dramatic water features and multi-tiered greens characterize the 7001-yard, par-72 Private Mountain Course and the 6883-yard, par-72 Public Arroyo Course designed by Arnold Palmer at Red Rock Country Club. To see current foreclosures on the market click the link below:

Foreclosures for sale in Red Rock Country Club

ALL homes for sale in Red Rock Country Club

Not finding what you're looking for? Want to customize your search, save your favorite properties, and get notified of new properties as they come onto the market? Click the icon below to start your own search for properties in Las Vegas, Henderson and North Las Vegas for FREE.

Are you a Homeowner Considering a Las Vegas Short Sale?

The O'Brien-Nikolov Team are experts with the Las Vegas short sale process.

Jan O'Brien is the co-author of the Certified Foreclosure Alternatives Consultant designation course.  

Call Us direct at 702-608-5260 to schedule a Foreclosure Alternatives Consultation today.

Henderson is the second largest city in Nevada with over 270,000 people calling it home.  Henderson ranked in the Top 100 (no. 84) Best Places to Live (CNNMoney.com) for 2008.

Green Valley is located on the southeast side of the Valley in Henderson,and is considered one of the premiere master-planned communities in the area. With over 8,000 acres of homes, neighborhood parks, over 30 miles of walking trails, shopping centers, restaurants, and schools - Green Valley offers something for everyone.

Henderson and Green Valley, NV Foreclosures under $100,000

Henderson and Green Valley Foreclosure Homes for Sale $100,000 to $125,000

Henderson and Green Valley Foreclosure Homes for Sale $125,000 to $150,000

Not finding what you're looking for? Want to customize your search, save your favorite properties, and get notified of new properties as they come onto the market? Click the icon below to start your own search for properties in Las Vegas for FREE.

Are you a Homeowner Considering a Las Vegas Short Sale?

The O'Brien-Nikolov Team are experts with the Las Vegas short sale process.

Jan O'Brien is the co-author of the Certified Foreclosure Alternatives Consultant designation course.  

Call Us direct at 702-608-5260 to schedule a Foreclosure Alternatives Consultation today.

Click below to see quick links for all foreclosure homes in all Sun City communities in Las Vegas:

Foreclosures for sale in Sun City Las Vegas under $200,000

Foreclosures for sale in Sun City Las Vegas from $200,000-$300,000

Foreclosures for sale in Sun City Las Vegas over $300,000

Not finding what you're looking for? Do you want to have a customized property search, save your favorites, and get notified of new properties that come on to the market?  Click the search button below to get up to date foreclosure searches:

Are you a Homeowner Considering a Las Vegas Short Sale?

The O'Brien-Nikolv Team are experts with the Las Vegas short sale process.

Jan O'Brien is the co-author of the Certified Foreclosure Alternatives Consultant designation course.  

Call Us direct at 702-608-5260 to schedule a Foreclosure Alternatives Consultation today.

Looking for Foreclosure Homes for Sale in Mountain's Edge Master-Planned Community? 

Just click on the links below for a complete of current foreclosure homes by price range.  Free VIP access to addresses, maps, photos and property details...

• Foreclosures for sale in Mountain's Edge Las Vegas under $200k
• Foreclosures for sale in Mountain's Edge Las Vegas $200k-$300k
• Foreclosures for sale in Mountain's Edge Las Vegas Nevada from $300k-$400k
• Foreclosures for sale in Mountain's Edge Las Vegas Nevada $400k-$500k
• Mountain's Edge Foreclosure Homes For Sale $500k-$1 million

  Do you want to customize your search, save your favorite properties, and get notified of new properties?  Click the search button below and start your free search of Las Vegas, Henderson, and North Las Vegas foreclosures.  Capitalize on the down market and get a property at a great price!
  
  
  

  

   

  Are you a Homeowner Considering a Las Vegas Short Sale?

  The O'Brien-Nikolov Team are experts with the Las Vegas short sale process.

  Jan O'Brien is the co-author of the Certified Foreclosure Alternatives Consultant designation course.  

  Call Us direct at 702-608-5260 to schedule a Foreclosure Alternatives Consultation today.

   

Click below for quick links to all Aliante Foreclosures for sale:

Foreclosures in Aliante for Sale under $200,000

Foreclosures in Aliante for sale from $200,000-$300,000

Foreclosures in Aliante for sale from $300,000 and up!

Do you want to customize your search, save your favorite properties, and get notified of new properties?  Click the search button below and start your free search of Las Vegas, Henderson, and North Las Vegas foreclosures.  Capitalize on the down market and get a property at a great price!

Are you a Homeowner Considering a Las Vegas Short Sale?

The O'Brien-Nikolov Team are experts with the Las Vegas short sale process.

Jan O'Brien is the co-author of the Certified Foreclosure Alternatives Consultant designation course.  

Call Us direct at 702-608-5260 to schedule a Foreclosure Alternatives Consultation today.