Protecting Our City and Protecting Your Real Estate Investment

702-379-3401www.DaveRadcliffeVegas.com

Protecting our City and Protecting your Real Estate Investment

Our fire and rescue service personnel are busy protecting our city. Dave Radcliffe is busy helping them protect their retirement and real estate investments.

Dave Radcliffe of the Radcliffe Group of Keller Williams Realty Southwest Las Vegas, was recently on location in front of Las Vegas Fire and Rescue Station 48 located at 9133 W. Elkhorn Road, Las Vegas, NV 89149 between Aurora Star Street, North Campbell Road and North Fort Apache Road, with a Las Vegas real estate fire update. 

Home values have been on the rise and are appreciating; there has been a moderate uptake in home values, with a 3-5% gain (and more in areas like Summerlin, Anthem, Green Valley and Southern Hills). Mortgage rates are stable, and at a 20 month low. With rates dropping to 3.25% for FHA and 3.75% for conventional loans, it’s a great time to purchase refinance, or structure a retirement plan, a move up, or consider cutting the costs of home ownership. 

The Radcliffe group is here to help you with your home ownership plan. “We understand the department may be going through staffing changes” as Dave was recently quoted saying “a ton of my friends are retiring at Las Vegas Metro Police Department, sergeants are getting promoted and there is a lot of movement within the force. I expect it is the same way at the fire department.” When there are staffing changes, it is important to have a plan, and exit strategy of your own.  “I’m here to help create an exit strategy. If you are considering selling your Las Vegas or North Las Vegas home, it’s a great idea to put it on the market during February or March, so we have enough time to maximize the market, and get your home sold for the highest value possible. Let’s put a plan together so when life changes direction or take you out of the area, your home is ready too. Listing your home for sale in February or March will assure for a June or July relocation yielding you top dollar.”

Because the fire and rescue personnel are near and dear to our hearts and homes, The Radcliffe group offers special discount services for fire and rescue personnel. “We understand the importance of keeping our community safe and we are proud to have our local fire department protecting lives and property. We know the department stays on duty for us at all times to provide all people who live in or visit our community with the best services possible.” At the Radcliffe group, “we believe in giving back to those who serve in our community and as a way we give back, we never charge a full commission to our fire and rescue folks. We can help you with all of your Las Vegas and North Las Vegas real estate needs.”

Give us a call or check out our website for more information. Thank you for your service. 

The Radcliffe Group at Keller Williams Realty Southwest Las Vegas 

702-379-3401 

www.DaveRadcliffeVegas.com

Las Vegas Real Estate Update & Market Statistics- December 2014

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www.DaveRadcliffeVegas.com 

Las Vegas Real Estate Home Sales and Market Statistics- December 2014

December was a typical month is real estate for the greater Las Vegas area, slightly slower than most months of the year, but normal, we usually see a slight slowdown around the holidays.There were a total of 2,615 Single Family, Condominium and Townhouses closed in December 2014.

Real Estate Market Breakdown (Approximate):

82% of the Market was Traditional Resale, for a total of 2,144 homes

10.2% of the Market was Short Sales, for a total of 266 homes

7.8% of the Las Vegas Real Estate Market was REO Sales, for a total of 205 homes

We are seeing a rise in traditional Resale Homes, which is great for the Las Vegas Community home values. With fewer Short Sales and REO sales it shows the market has once again stabilized and fewer people are upside-down or in trouble.

Active

Single Family Residence 7339

Condo/townhouse 1780

Pending

Single Family Residence 4331

Condo/townhouse 855

Sold past 30 days

Single Family Residence 2155

Condo/townhouse 447

Sold past year

Single Family Residence 28,046

Condo/townhouse 5,967

Las Vegas Home Sales- Financing Options Chosen

34% Cash Purchases, 873 home sales

34% Conventional Financing, 880 home sales

23% FHA Financing, 608 home sales

8% VA Financing, 208 home sales

Cash purchases are down from years past; this is great news for FHA and VA buyers looking to enter the market as there is less competition with the cash investor buyer. Interest rates are at a 20 month low, 3.25% FHA, VA, and 3.75% conventional rates. It’s a great time to refinance or purchase and lock in a great 30 year rate. The Radcliffe Group can connect you with a great lender that can help you with your unique situation and loan and share about the best financing loan  options available.

Las Vegas Economy

Gas prices are down 25%, we may see airline flight prices drop; and this would be great for Las Vegas. Tourism has been strong; we are expecting a slight uptick, but nothing substantial. Caesars did go bankrupt; we are not seeing any changes to operations at this point.

The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection. Ranking consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas, Dave also ranked number 1 in 2014 as the top producing individual out of 172 Realtor- Agents in his office.

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell theirhome for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home. 

Written by Nickel Lowman
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401
www.DaveRadcliffeVegas.com

Las Vegas, Summerlin, Centennial Hills, North Las Vegas Community Updates- Subscribe Now

702-379-3401 www.DaveRadcliffeVegas.com 

 Tune into The Radcliffe Group YouTube channel to learn more about what is happening in your Las Vegas and Summerlin Communities. We promise to keep you updated with the latest real estate market conditions, real estate statistics and happenings in the area. 

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home. 

702-379-3401 

www.DaveRadcliffeVegas.com

Summerlin Las Vegas Real Estate Market Update & Statistics

702-379-3401 www.DaveRadcliffeVegas.com

 
Summerlin Update

With the New Year comes a chance to look at what’s ahead for the Summerlin area. Las Vegas locals and business owners alike are very excited about the expanding retail and dining options in Downtown Summerlin. Downtown Summerlin is located just off Sahara Avenue and the 215 Beltway. The anticipation of the opening of new restaurants in early 2015 include: Andiron Steak & Sea, Lazy Dog Restaurant & Bar, Earl of Sandwich and Cream. And we are excited about Ribs & Burgers and Gelato Messina expected to open later this month. Pieology Pizzeria and MTO Cafe opened in December. The shopping center is evolving daily. So if you haven’t been there lately, now is the time to check out some of the shopping center’s latest additions including: Grape Street Cafe & Wine Bar; Rice Republic Sushi & Noodle Bar; clothing boutique Mixx, Envy for Men’s shirts; Build-A-Bear Workshop; T-Mobile; men’s clothier Lindbergh; and Ethan Allen. There is something for the entire family! We had the pleasure of filming a travel clip featuring Chef John at Grape Street Café & Wine Bar a few weeks ago and we had a blast!

Business owners are looking forward to the economy strengthening and the Summerlin area booming, here are a few updates you can expect to hear more about in the coming weeks:

Village Square Not far from Downtown Summerlin is Village Square, located at 9400 W. Sahara Ave. Village Square has announced two new businesses to look out for: First California Mortgage Co. and Yojie Japanese Fondue, expected to open in March. Japanese Fondue, sounds like fun!

Tivoli Village Reports of new developments are on the horizon for Tivoli Village located on the West Side of Town at 440 S. Rampart Blvd., Currently new shop openings are considered top secret, as the names have not been released just yet, but tune in to our YouTube channel for all of the latest updates, we’ll keep you informed.

Boca Park Bocca Park area growth is holding tight for now due to pending lawsuits with former landholders, but we expect movement across the street at the Las Vegas Renaissance mall in the future and the possibility of a Fry’s Electronics location moving in as well, but its temporarily on hold.

Check out our real estate blog for some of the most recent market statistics and conditions. Thank you so much for watching. If you need more information go to my website or give me call. As always, we always love to talk to you about all of your Las Vegas, Centennial Hills, Summerlin, and North Las Vegas real estate needs. The Radcliffe group looks forward to hearing from you and servicing your real estate needs.

David Radcliffe

Keller Williams Realty Southwest 702-379-3401 www.DaveRadcliffeVegas.com

New Home Construction in Summerlin- Market Update

702-379-3401 www.DaveRadcliffeVegas.com 

More Homes to be built in Summerlin 

Toll Brothers is planning to continue their development of luxurious, active lifestyle communities with a new opening planned for 2016 that will include tennis courts and outdoor and indoor pools with at least 425 single-family homes. 

Wet’n’Wild will be getting new neighbors: 

 The Summerlin Aquatics Center is planned for 2015, it will be near Wet’n’Wild, located at 7055 S. Fort Apache Road. The Howard Hughes Corporation has great news to share! 450 acres will be developed. Tom Warden, the senior vice president of Summerlin for Hughes, said The Cliffs, the southernmost village in Summerlin behind Wet’n’Wild that runs up to the ridge line, is being developed. And there will be a new “Age Qualified” community to be opened in 2016, it will be the first of its type in 10 years. 

BLM 

 The Bureau of Land Management sold various parcels in December, this was great news for home builders in the Summerlin area. “America West purchased land at Ford Avenue and Torrey Pines Drive; Montessouri Street and Shelbourne Avenue; Edmond Street and Gary Avenue; Edmond Street and Richmar Avenue; and along Lindell Road. DR Horton bought land at La Cienega Street and Starr Avenue; and Gilespie Street and Neal Avenue. Pardee bought land at Valadez Street and Camero Avenue. The Lewis Group of Cos. purchased parcels at Serene Avenue and Hualapai Way; Tee Pee Lane and Serene Avenue; and Grand Canyon Drive and Meranto Avenue.” 

Custom Million-Dollar Homes and 555 Acres of Development 

 Mid- 2014, The Discovery Land Co. joint venture will build a community just south of The Ridges and west of the Siena age-restricted community with sales commencing by year’s end. There will be 555 Acres developed with a plan to include a private “Tom Fazio-designed, 18-hole golf course with a clubhouse, a fitness facility and a spa”. It is expected that more than 200 of the sites are planned for custom million-dollar homes. 

High-End Luxury Rentals 

By year’s end we are expecting residents to move into The Constellation, a high-end rental community that sits on 4.5-acres at Griffith Peak and Town Center drives. The 124-unit, gated luxury rental residence complex is a joint venture of Hughes and The Calida Group. Additionally a three-story, 170,000-square-foot project with one- and two-bedroom homes ranging from roughly 1,000 to 2,040 square feet also is underway. “Resident amenities are set to include: a state-of-the-art fitness center; a spa with tanning services, an on-call masseuse and aesthetician; and a resort-style pool area with cabanas. Third-floor homes include 20-foot ceilings along with a private walk-up to a mezzanine level and a fourth-story rooftop deck. Some residences will have attached garages.” 

The Paseos-New Ideas in Residential Development 

“The Paseos, the village west of The Vistas, is ready to sell homes with active-lifestyle elements, multi-generational floor plans that include rooftop decks and patio doors that slide into walls like pocket doors to open up the living area to the outdoors. Since 2013, Hughes has been installing infrastructure north of Alta Drive, and now new neighborhoods are opening, including Delano by Lennar Homes, Savona by Toll Brothers and Estrella by Pulte Homes.” The Radcliffe Group believes in keeping you up to date with the latest real estate statistics and we are your local resource for Las Vegas home sales, North Las Vegas property values, and Summerlin, Centennial Hills Home Values. Let us know how we can be of service for all of your home ownership needs. 

Search the entire MLS for available homes and make Las Vegas, North Las Vegas, Summerlin, or Centennial Hills, your home today. Below are statistics for the Summerlin area as of February 2015. 

Summerlin Home Sales 

Currently Active: Single Family Residence 349; Condo/Townhomes 65 

Pending Homes/ Under Contract: Single Family Residence 158, Condo/Townhomes 24 (Brisk market) 

Single Family Residence sales last 30 days: 91; 1,365 homes sold last year in Summerlin with additional sales of Condo/Townhomes totaling 26 last month; 261 last year. (Selling approximately 110 per month.)

Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home. 

 

 

Dave Radcliffe

The Radcliffe Group 

Keller Williams Realty Southwest 

702-379-3401 www.DaveRadcliffeVegas.com