Real Estate Update – Summer 2014

by Mesquite Realty on August 12, 2014

Sun City Mesquite Homes

Homes in Sun City Mesquite

Summer has been HOT time to BUY, but little Slower than Summer 2013.

Mesquite Summer of 2014 will be remembered as a very active summer for real estate.  Sales from May 1 to July 31 were 101 Sales of single family homes. This is an 8% drop from last year but prices have been stable.  The median price from the same period last year shows a 3% increase in median price.

One thing the numbers do not show is how many new homes have been purchased this summer that are under construction. I know there are A BUNCH! The numbers below will not reflect these sales until the fall when they are completed… but the sale was made in SUMMER. I have not seen this much new home building going on for over 6 years. It is good to see things getting back on track.

Here are the numbers from May 1 to July 31.

2014   101 Homes Sold  $217,000 Median Price  1670sq.ft. Median Size

2013   109 Homes Sold  $210,000 Median Price  1721sq.ft. Median Size

2012    83 Homes Sold  $180,000 Median Price  1636sq.ft.  Median Size

2011   104 Homes Sold  $175,500 Median Price  1679sq.ft. Median Size

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Condos in Mesquite 2014 Update

by Mesquite Realty on June 25, 2014

Looking for a Condo in Mesquite?

If you are looking to buy a Condo in Mesquite NV please know that there are some condo projects that are next to impossible to get financing on. Traditionally we have been able to get people into condos for 10-20% down. This is still the case for some condos in Mesquite. I see more lenders looking for 20-25% down on condos.

Below are some reasons I most often hear  people are considering buying a condo in Mesquite are:

1. SEASONAL. To get out of the cold. These people are looking to use the condo of maybe 6 months per year and don’t need a big home. This keeps the utilities down. Also they usually prefer a Home Owners Association (HOA) because they don’t want to mess with yard work and exterior maintenance. This buyer often prefers a swimming pool and/or other amenities and activities to do while in town. [click to continue…]

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Mesquite Investment Properties

by Mesquite Realty on May 20, 2014

On a recent trip to a Realtor Convention in Washington DC, I was visiting with a fellow Realtor from Las Vegas NV. He works primarily with Investors. We discussed the Mesquite NV Rental Market and the type of return Mesquite investment properties could generate. As we discussed these opportunities he was excited because he did not know that there was investment opportunities in Mesquite.

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Lost City of St. Thomas

by Mesquite Realty on February 17, 2014

Lost City of St. Thomas NV

Just south of Overton Nevada barely inside Lake Mead Recreational Area is the lost city of St.Thomas. Once a thriving little community of between four and five hundred people alongside the Virgin and Muddy rivers confluence. Lost you are thinking, how could that be? In 1938 these residents were forced to abandon their town due to the rising waters created by the Hoover dam in LasVegas some 50 miles to the south. Submerged by over 40 feet of water for over 60 years, these homes foundation can now be seen due the drought that has seen Lake Mead drop by over 50 feet in recent years.

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Sun City Mesquite New Models

by Mesquite Realty on January 28, 2014

Sun City Mesquite New Models

It has been a long time since any big changes have happened in Sun City Mesquite. Last week they introduced their new line of model homes. Buck and I both went to the Broker Open House and enjoyed viewing these new Model Homes. For those that are interested in this 55+ Active Adult Community or those that just enjoy getting new decorating ideas, we have put together a few photos of each of the new models with information about them.

PRICES ARE AS OF : January 28, 2014.

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2013 Year End Realtor Convention – San Francisco

by Mesquite Realty on November 12, 2013

Buck and I just returned from a great trip to the 2013 National Association of Realtors Year End Convention in San Francisco.  The meetings were informative and educational. The convention was huge. estimated 15,000 Realtors attended the Year End event.

Below is a Photo of the current Certified Residential Specialists (CRS) of Southern Nevada Leadership. 2013 President LV “Buck” Schaeffel (left), 2013 President-Elect Robert Little (middle), 2013 Treasurer Brandon Park (right)

Below is a photo of Buck Schaeffel at the Plaza Hotel in San Francisco. We stayed at the Palace Hotel, which is where the CRS meetings were held. This was a very nice hotel with a rich history. [click to continue…]

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