[Tiger Beer]

What are the real prices that people are paying in Vegas...namely Henderson for decent housing....?

On many real estate websites, there are so many bank-owned properties advertised for well under 100K.

But, watching 'House Hunters' last night....they brought a couple around to properties...mostly between 180-200K...and a few were bank-owned...i.e. foreclosed with some 'issues'...even at that price.

So, wondering if 200K is more the realistic price for 2/3 BDRM houses in Henderson...and 100K is probably very unrealistic. Wondering if 150K is also unrealistic...or looking at a solid 180K-and much more upward.

[lisa99]

depends on the specific Henderson neighborhood, the quality of the house, the quality of the lot, etc.

Seven Hills, for example, averages about $117/sq ft. Higher for some houses on mountain view lots, MUCH less per sq ft for some foreclosures.

Green Valley, on the other hand, is lower per sq ft.

It all just depends and the range is very wide.

[lisa99]

and I just saw that you asked to take foreclosures out of the pricing mix. That's hard to do since there are so many of them, but Henderson does have fewer than some areas.

[007 license to sell]

Originally Posted by Tiger Beer

What are the real prices that people are paying in Vegas...namely Henderson for decent housing....?

On many real estate websites, there are so many bank-owned properties advertised for well under 100K.

But, watching 'House Hunters' last night....they brought a couple around to properties...mostly between 180-200K...and a few were bank-owned...i.e. foreclosed with some 'issues'...even at that price.

So, wondering if 200K is more the realistic price for 2/3 BDRM houses in Henderson...and 100K is probably very unrealistic. Wondering if 150K is also unrealistic...or looking at a solid 180K-and much more upward.

Your realtor should be able to give you that information, the MLS keeps track of that information.
Click on this link and you will see the YTD average price paid for a property per zip code.
http://statspak.firstamericanmls.com...omparison2.pdf


I hope this will be helpful

[Willy702]

200K and you can get a really nice foreclosed house. Just go in with no expectations, in other words don't fall in love with any houses, and you'll eventually get a bargain after many bids. The people who fall in love with something in a house or don't have the nerve to just keep bidding are the ones buying new.

[jjameson922]

I'm an avid fan of HGTV and I wanted to tell the poster who "just" saw a show last night on LV housing to keep in mind, very likely that episode he saw was filmed over a year or so ago. Not only is there a long lag time before shows hit the market, many of them are repeats. What he could have been seeing last night is the way it was 10 months ago or even a year and a half ago. The real estate market can undergo many changes in that time period.

[KidsinVegas]

For reference I had a family member purchase a pretty nice 2,600 sq ft house in Green Valley for $190K in 2009

[Tiger Beer]

Originally Posted by jjameson922

I'm an avid fan of HGTV and I wanted to tell the poster who "just" saw a show last night on LV housing to keep in mind, very likely that episode he saw was filmed over a year or so ago. Not only is there a long lag time before shows hit the market, many of them are repeats. What he could have been seeing last night is the way it was 10 months ago or even a year and a half ago. The real estate market can undergo many changes in that time period.

Good post, and that's a good point.

[MadManofBethesda]

Originally Posted by jjameson922

I'm an avid fan of HGTV and I wanted to tell the poster who "just" saw a show last night on LV housing to keep in mind, very likely that episode he saw was filmed over a year or so ago. Not only is there a long lag time before shows hit the market, many of them are repeats. What he could have been seeing last night is the way it was 10 months ago or even a year and a half ago. The real estate market can undergo many changes in that time period.

Absolutely. My episode of Designed to Sell was filmed in June 2006, aired for the first time in January 2007, and has been shown every few months since then. (The last repeat aired in November 2009.)