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The National Housing Market is Rebalancing; It’s a Good Thing!

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

March is traditionally the harbinger of the busy homebuying and selling season. Last month followed that annual tradition but at a much slower pace than in recent years, according to the latest RE/MAX National Housing Report.

Home sales this past month were 8.6 percent lower than sales during March 2018. But should home sellers be concerned? RE/MAX CEO Adam Contos has said the current rebalancing of the national housing market is healthy for the industry since the demand among buyers and sellers is slowly equaling. The report also found that the average months supply of inventory — the amount of time it would take for every home currently on the market to sell if no other homes are listed — was 2.7 months. A balanced housing market is inventory of 6 months or more.

Here are some highlights of the latest data found in the RE/MAX National Housing Report:

  1. Homes sales in March were the slowest start to spring homebuying in five years.
    From 2015 to 2018, the housing market’s spring sprang to life with an increase in sales from February to March averaging 37.0 percent. March 2019’s month-over-month increase of 28.8 percent was the smallest since 24.6 percent in 2014.
  1. Inventory is up. Transactions are down.
    March was the eighth consecutive month of year-over-year sales declines and the sixth straight month of year-over-year inventory growth, with a 5.3 percent gain.
  1. Most homes are increasing in value, but at a slower pace.
    Housing activity in the report’s 54 markets nationwide also saw the Median Sales price grow by 3.4 percent year-over-year — notably smaller than the year-over-year increases in February (5.5%) and January (4.6%).

You can find more data in the RE/MAX National Housing Report. Ready for the spring selling season? Contact me today.

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals. 

Reprinted from RE/MAX Blog

How Cash-Strapped Consumers Can Become Homeowners — and Build Equity

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Anyone who has saved for a down payment for a home knows it’s tough — especially for first-time homebuyers. In 2018, the National Association of Realtors (NAR) found that 13 percent of first-time homebuyers, said the most difficult step in the homebuying process was saving for a down payment.

It’s a misconception that a 20-percent down payment is required for a home purchase, when in reality, many home loan options exist that may be able to put consumers into a home for as little as three percent down. In fact, 77 percent of non-cash first-time homebuyers in 2018 purchased a property using a down payment of less than 20 percent. Buying a home may be within reach — RE/MAX and Motto Mortgage put together a list of the most popular loan options for first-time buyers.


Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals. 

Reprinted from RE/MAX Blog

Just Listed! 1837 Spring Summit Lane, Las Vegas - Offered at $419,000

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Awesome Summerlin home. Three bedrooms and loft with 3-Car Garage, pool/spa and waterfall. Solid surface counters, ebony cabinets, stainless appliances, custom backsplash with lighting and prep island with sink and casual dining seating. The kitchen area offers enough space for a table plus extra storage in the built-in vertical cabinets plus a view of the backyard and pool. Vaulted ceilings in the entry.

 

Dining and living room with 20-inch floor tiles, recessed lighting and updated fixtures. Good natural lighting. The family room includes a office niche and gas fireplace. Upgraded lighting throughout. The laundry room includes storage cabinets and a utility sink plus access to the garage. Second floor loft offers extra space for office, playroom or relaxation. The spacious master bath offers carpet, a large window, walk-in closet, wiring for wall mounted TV and a private master bath with shower, soaking tub, water closet and dual sinks. Two additional bedrooms with a shared bath are also located upstairs. A powder room is located on the main level. Upgraded tile.

Recently painted exterior and two-tone interior. Pool updates in 2015 include plaster, tile and a new pool heater.  Cool-Decking. Amazing private yard with mature landscaping, fruit trees, covered patio and space to play on the oversized lot. Large driveway. Mountain Crest community in Summerlin provides residents several community pool, a community center, 150 miles of walking and biking trails, playgrounds, basketball courts, baseball diamonds, grilling stations and covered picnic sites. Great location to shopping, library and parks.

For more information about this home or to see additional photos, visit here. For more information on Summerlin, visit here

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals. 

 

 

Just Listed - 5522 Jackpot Winner Lane #103, Las Vegas - $219,900!

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Wonderful three bedroom townhome with 2-car garage in Nevada Ranch. Recently installed man made wood floors. Tile floors in the kitchen and dining room. Vaulted ceilings. Two-toned paint with an accent wall in the family room. New appliances including stove with two separate ovens, refrigerator, microwave and dishwasher, pantry and good counter space and ample cabinet space.

Flowing floorplan with natural lighting. New lighting and ceiling fans. Large master bedroom with walk-in closet and private bath. New HVAC. Solar screens. New hot water heater. Extra storage shelves in garage. Private backyard with trees and turf and covered awning. Security Door. NEST System. Water Softener. Exterior front of the home is maintained by the HOA. Many amenities gated community, security, swimming pool, splashpad, large park, community trails and nearby shopping.

For more information about this home or to see additional photos, visit here

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals. 

New on the Market - 381 Tangerine Court, Henderson - Offered at $279,900!

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

One story pool home in Henderson. No HOA. Three huge bedrooms with two large master bedrooms. The first master includes a walk-in closet and private bath while the second master would be perfect for a mother-in-law room or office and includes a private bath. Lots of parking including space for your RV.

 

 


The kitchen Features new maple cabinets, granite countertops, Island with bar seating, stainless steel appliances including a refrigerator and French doors leading to the backyard. The dining area is located off the kitchen and opens to the family room. Beautiful new tile floors. Large open family room with a fireplace. Ceiling fans throughout the home and in all bedrooms. Large laundry room with washer and dryer and built-in cabinets.

Easy care yard offers pool with waterfall, large covered patio and storage shed. Heritage Park is just a short walk away and includes 160 acres of amenities including an aquatic complex and senior facility, ball fields, amphitheater, dog park, picnic areas and more.

 

For more information about this home or to see additional photos, visit here

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals. 

 

Good News for Buyers and Sellers This Spring Selling Season

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Whether you’re planning on buying or selling a home, there’s good news to report as the spring selling season approaches. Slowing sales and growing inventories benefit buyers while record prices benefit sellers, according to data in this month’s RE/MAX National Housing Report.

“Trends of five months or more often indicate significant shifts, and the year-over-year trends in declining sales and rising inventory have both reached that length now,” said RE/MAX CEO Adam Contos. “The big picture supports an ongoing return to more balanced conditions, which is beneficial to buyers and sellers.”

Inventory Bounces Back
Inventory grew 5.8 percent over February of 2018, marking the fifth consecutive month of growth following a decade-long trend of shrinking inventory. Of the 54 metro areas surveyed in February 2019, the overall average number of home sales is down 4.2 percent compared to last February.

Rising Median Sales Price 
Bucking downward trends, the Median Sales Price increased to $240,000, a year-over-year gain of 5.5 percent and a February record in the 10-year history of the report. Four metro areas increased year-over-year by double-digit percentages, with the largest increases seen in Boise, Idaho; Cincinnati, Ohio; and Wilmington/Dover, Delaware.

Home Sales Down
Home sales in the 54-market report have declined year-over-year for seven consecutive months, though February’s downturn of 4.2 percent was the smallest since the 1.1 percent drop that started the streak in August 2018. Leading the month-over-month sales percentage increase were Houston, Texas; Birmingham, Alabama; and Raleigh-Durham, North Carolina.

“The next few months will determine whether the shift brings a wave of buyers into the market for the spring selling season,” added Contos. “Members of our network are reporting high local demand along with a need for even more inventory. The optimism for a solid spring exists — and a more balanced market certainly contributes to it.

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals. 

Courtesy of RE/MAX Blog

Just Listed! 1112 Via Della Costrella, Henderson, NV-Offered at $425,000

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

This highly upgraded one story home is located in the gated Tuscany community. Guarded gate access is provide 24 hours a day. Rare 3 Car Garage with additional driveway parking is included in this home. The garage features heavy duty overhead storage, extra lights, two extra circuits, two garage door openers, keypad and an extra refrigerator. Extended front patio with stone accents. Light and bright open floorplan.

 

Three bedrooms plus den. Amazing kitchen with two island, Blanco Antico granite countertops with round edges, custom backsplash, pantry, double convection ovens, microwave and five burner gas cooktop. Custom tile floors in all rooms. Whole house air purification/filtration system and fire sprinklers. Master suite offers patio access. Huge walk-in shower, double sinks, walk-in closet and linen closet in master bath. Ceiling fans included in all bedrooms, den, family room and back patio. Jack and Jill bathroom with dual sinks adjoins two bedrooms. Reverse Osmosmis and water softener. Monitronics alarm system installed with three keypads throughout house. Front load washer and dryer with pedestals included. Tankless water heater.

Private backyard with 31’ covered patio. This home sits on a premium lot with a partial golf course view and is fully landscaped. Tuscan community offers recreation center, golf, gym, pools, several playgrounds, walking trails, tennis, basketball, racquetball and much more.

For more information about this home or to see additional photos, visit here

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals. 

Prices Still Rule the National Housing Market; Inventory Catches a Break

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Six straight months of declining home sales have resulted in one of the largest year–over–year inventory increases in at least 10 years, according to the most recent RE/MAX National Housing Report.

What does that mean to the average homebuyer and seller? If you’re a buyer, it’s good news — you potentially have more homes to choose from! It’s been a while since the National Housing Report has reflected a rise in inventory, especially in popular metro destinations.

If you’re a seller, there’s good news for you too. According to January data, the price of homes continues to rise across the country. That said, now more than ever, sellers must be in tune to their local housing market and aware of prices, along with trends that are selling homes faster. For guidance, turn to me, your local professional real estate agent.

Here’s a simple breakdown of the latest data found in the RE/MAX National Housing Report:

    1. Price is still king
      The median sales price jumped to $234,000 — an increase of 4.6 percent over the same month last year and the record for a January report.
    2. Inventory is on the rise
      Inventory grew year-over-year by an average of 6.4 percent across the report’s 54 U.S. metro areas. January marked the fourth consecutive month of year-over-year inventory growth — reversing a decade-long trend of shrinking inventory.
    3. Home sales are declining
      Year-over-year home sales dropped 11 percent. As noted, that’s good news for buyers because inventory is growing. And for sellers, it’s a good idea to work with an expert agent to determine the best list price suited to your local housing market.

You can find more data in the RE/MAX National Housing Report. Ready for the spring selling season? Contact me today. 

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals. 

New on the Market - 4050 Pacific Harbors Drive

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Marvelous two bedroom and two full bath condominium offers everything you have been looking for and much more. Downstairs unit. No stairs! Granite breakfast bar and counters, stainless appliances, nicely stained cabinets and a garden window for you to grow your own herbs. There is space for bar stools at the breakfast bar plus a separate dining area.

 

 

Spacious family room with built-in shelves and a wood burning fireplace. Slider in family room opens to covered patio and storage area. Peek a view of The Strip from your kitchen window. Refrigerator and full sized washer and dryer are yours. Crown molding. Two toned paint. Newer HVAC and water heater. Two large bedrooms. Master bedroom has separate bathroom with soaking tub and mirrored closet doors.

Ample guest parking. Beautiful gated community with park like grounds with clubhouse, pool and spa, fitness center and walking trails throughout the community. Gated community provides extra security. Covered parking.  Exterior building maintenance is handled by the HOA and the building was recently painted.

 

For more information or to see photos of the home, click here

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals. 

 

New on the Market! 9817 Peseo Cresta Avenue, Las Vegas - Offered at $394,990

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Stunning Peccole Ranch home. Almost new. Grand entry. Floor plan offers four bedrooms, three baths and a 2-car garage. Vaulted ceiling. Wood and Tile flooring. 3' Baseboards. 3 Door Refrigerator. Shutters throughout. One Bedroom and Bath downstairs. Newer carpet upstairs.

 

 

The kitchen offers extended granite counters with a breakfast bar, newer appliances and oak cabinets. Large formal dining room. Large family room with tile flooring. Two-Toned paint. Recessed lighting. Over-sized storage area under the stairs. Separate laundry room with extra shelves for storage.

Double Door Large Master with sitting room or den and master bathroom with dual sinks and separate soaking tub and shower. Newer HVAC, Tankless water heater, RO and Softener. Garage includes built-in cabinets and a work bench plus space for the cars. Newer Exterior paint. Private yard with larger trees. French doors lead to the patio. Pet door to the backyard. Raised flower beds in the back yard and mature trees provide privacy. Close to parks, walking trails, shopping and dining. Don't miss this one!

For more information or to see photos of the home, click here

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals. 

Displaying blog entries 1-10 of 86

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Contact Information

Photo of RE/MAX Excellence Realty Real Estate
RE/MAX Excellence Realty
Heidi and Michael Winston
4435 South Buffalo
Las Vegas NV 89147
Heidi: 702-277-6599
Michael: 702-219-8692
Fax: 702-974-2288