89144 Housing Market

Lori Ballen, the owner of this website, benefits from purchases made through her affiliate links.

About the 89144 Housing Market

89144 is popular zip code in Northwest Las VegasGraph with house, magnifying glass, newspapers and the words 89144, Ballen Housing Market News. This area is known as Summerlin which is a Master Planned Community. Many wonder how much average home prices are in 89144, and this end of year report can guide you to the numbers you need. There were 1,230 new listings placed in the MLS in this zip code in 2017. 1,067 homes sold in this zip code including single family, condos and townhomes.

The Las Vegas Real Estate Market has rebounded and is booming with inventory down and home prices up. At the end of 2017, there were 2 months of inventory in 89144. It’s a seller’s market in 89144.

That means buyers should come in motivated with their offers, and sellers should price their home to market and may see multiple offers when doing so. Seller’s should not overprice their home believing the inventory shortage will bring them a higher than the market price. Recent home sales in like models will dictate the probable market value of your home.

Having a pre-appraisal on your property can help set the price appropriately. It’s worth spending a few hundred dollars to know what a buyer with a loan will probably see at appraisal time. If a seller does set his price at higher than an appraised value, he can negotiate for a cash difference, if the buyer has it to purchase.

To buy or sell a property in 89144, Contact Lori Ballen Team at Keller Williams.

?Shop Homes in 89144

Average Home Price

The average home price (all property types) in 2017 in 89144 wrapped up at $392,007, an increase of nearly 10% over 2016’s average home price of $356,209.

Average Home Prices by Property Type:

Average Rental Price

The average rental home price in 2017 for this zip code was 2,948 not far off from 2016’s $2,960 average rental price for all homes in the Greater Las Vegas Zip Codes.

Average Days on Market

The average days that a property sold in 2017 in 89144 was 34 days from list date to close date which was less than 2016’s 45-day average. These results calculated from 1,067 listings sold.

List to Sales Ratio

Sellers, on average, received 98.5% of their asking price.

Average Price per Square Foot

The Average price per square foot was $84 which is on track for the rest of the Greater Las Vegas Area.

Monthly Listing Volume

Month Active Listings, $ Volume
Jan $70,400,038
Feb $66,820,393
Mar $73,958,104
Apr $60,300,201
May $64,649,621
Jun $71,215,695
Jul $75,012,155
Aug $73,640,891
Sep $65,212,319
Oct $62,204,358
Nov $60,174,770
Dec $58,255,271

Expired Listings

There were 1,273 listings that expired in 2017. This is important to note that even in a seller’s market, homes not priced or marketed well can still not sell.

A home inspection checklist is not provided as a replacement for a home inspector, but rather a complimentary guide to inform the home buyer.

Home Inspection Checklist: Smart Home Buyer Tools

A home inspection checklist is not provided as a replacement for a home inspector, but rather a complimentary guide to inform the home buyer.

It's important to understand the difference between a real estate agent and a REALTOR®. A REALTOR® is a licensed real estate agent that has received a particular designation and has joined the National Association of REALTORS®.

Real Estate Agent VS. REALTOR®: What’s The Difference?

It’s important to understand the difference between a real estate agent and a REALTOR®. A REALTOR® is a licensed real estate agent that has received a particular designation and has joined the National Association of REALTORS®.

If you are among the two-thirds of American homeowners who financed their home through a mortgage, you may be asking yourself how you get on the fast track to debt-free homeownership

5 Essential Strategies for Paying Down Your Mortgage Early

If you are among the two-thirds of American homeowners who financed their home through a mortgage, you may be asking yourself how you get on the fast track to debt-free homeownership

Owning a home is a dream for many people out there. However, when you decide that it’s time to become a homeowner, you may be torn between building a house vs. buying a house. In this post, we provide you with essential information that will help you make an informed decision.

Building a House Vs. Buying a House

In this post, we provide you with essential information that will help you make an informed decision about Building a house vs. Buying a house.

Once you’ve found a home that you absolutely want to buy, then it’s time to step up your game to beat out the competition and have your offer accepted.

6 Tips For Competing Against Other Homebuyers in a Sellers Market

Once you’ve found a home that you absolutely want to buy, then it’s time to step up your game to beat out the competition and have your offer accepted.

As a real estate agent myself, and as someone who has done both rented and owned, I believe there are pros and cons to renting or owning a home. So, should you rent or should you own your home?

To Rent or to Own Your Home: That Is the Question

There are pros and cons to renting or owning a home. So, should you rent or should you own your home?

Though title insurance is often issued repeatedly as a property changes ownership, it is always crucial for each new buyer to carefully read the title commitment documents.

Avoid Nasty Surprises Later by Reading the Title Insurance Binder

Though title insurance is often issued repeatedly as a property changes ownership, it is always crucial for each new buyer to carefully read the title commitment documents.

Cactus Cliff and Big Buffalo Rental Communities

Las Vegas, Nevada, is quickly attracting real estate builders from all over the country. They aim to develop a different style of living within each neighborhood that they build.

If you are trying to buy a new home, you have probably heard that your credit score or home buying credit affects this process. However, you may be wondering exactly how it affects your ability to buy a home.

What Credit Score Is Needed To Buy a House?

If you are trying to buy a new home, you have probably heard that your credit score or home buying credit affects this process. However, you may be wondering exactly how it affects your ability to buy a home.

Down Payment Options

There are a variety of programs that can help people get into a home of their own that some people may not know about. Not being educated about down payments and myths about down payments are also obstacles that can stop people from pursuing their dream of owning a home.

Should You Buy New or Resale?

The decision to buy a new or used property isn’t an easy one. Both choices have advantages and disadvantages, so it’s up to you to weigh the differences to determine which is best for your lifestyle and your budget.

Condos are fantastic purchases, whether it's your primary residence or it's an investment property. When you're handed a copy of the bylaws in escrow, make sure you take the time to review them. Look for big red flags. These include outlandish penalties, aggressive foreclosure clauses, and restrictions on pets, cars, and rentals. Look to make sure that the HOA is dutifully collecting the right amount of money to fund the common areas. Think about whether the rules you're reading sound both fair and compassionate. The best condo associations are the ones that encompass both of these qualities!

Buying a Condo? Beware of These Five HOA Rules!

Condos are fantastic purchases, whether it’s your primary residence or it’s an investment property. When you’re handed a copy of the bylaws in escrow, make sure you take the time to review them. Look for big red flags. These include outlandish penalties, aggressive foreclosure clauses, and restrictions on pets, cars, and rentals. Look to make sure that the HOA is dutifully collecting the right amount of money to fund the common areas. Think about whether the rules you’re reading sound both fair and compassionate. The best condo associations are the ones that encompass both of these qualities!

According to a report by the Census Bureau, the number of renters above 60 years of age in America jumped by 43.1% in US large cities in 2017. The reason for this growing trend in senior renters is not only because of economic hardship which resulted from the 2007 Great recession.

High Number of Seniors Now Renting

According to a report by the Census Bureau, the number of renters above 60 years of age in America jumped by 43.1% in US large cities in 2017. The reason for this growing trend in senior renters is not only because of economic hardship which resulted from the 2007 Great recession.

Should I Consider A Credit Line Increase?

If are working towards buying a house and need to improve your credit score, increasing your credit limits may help.

House with a heart next to the words hope brings you home

Hope Brings You Home Down Payment Assitance

Hope Brings You Home helps Potential Buyers become Home Owners with Down Payment Assitance

cartoon couple is pointing at words that say Buying a FSBO (For Sale by Owner) - the Do's and Don'ts of the Hunt

Real Estate: Buying a FSBO (For Sale by Owner) – the Do’s and Don’ts of the Hunt

House hunting can indeed be a daunting experience. In this day and age, some buyers prefer to take matters into their own hands in order to retain control in the buying process, and this usually means looking at homes only available from the sellers with no broker involved, also known as “FSBOs”.

Closing Costs in Nevada

Can You Negotiate Closing Costs On A Home Sale in NV

In Nevada, closing costs when selling a home are negotiable. From the real estate agents commission to buy concessions and lender costs, either can often be paid by the buyer or the seller.

Couple is smiling and looking over at the new house they bought. Words next to them read buying a house after a short sale

Buying After A Short Sale

Some VA lenders will consider your loan application when buying a house after a short sale as little as one month after a short sale if you have not been late on any mortgage payments before the short sale closing date and you have rebuilt a credit score of 660 or above.

Buying in a Sellers Market

Buying a home is one of the most exciting and rewarding things you can do. When you home shop, the market will usually favor the seller or the buyer. Buying in a seller’s market requires expert navigation.

Open White Door of a house has letters coming out of it in red spelling out the words come on ine

10 Homebuyer Tips For Making The Most Out Of An Open House

The best open houses are the ones you choose, based on your price, your criteria, and a selection you have made with an agent. Instead of following open house signs that go on forever schedule a day of home tours with your agent.

Young woman has her hand on her chin and looks like she is wondering something, words next to her are "7 questions to ask when buying a house"

7 Questions to Ask When Buying a House [Bonus Video]

Lori Ballen, the owner of this website, benefits from purchases made through her affiliate links. As a homebuyer, an open house can be an incredibly valuable way to check out real estate that you might be interested in. In addition to being able to look around the house without the pressure of a seller looking […]

White board shows flow chart of how to raise your credit score including paying debt on time

How to Raise your Credit Score to Buy A House

Lori Ballen, the owner of this website, benefits from purchases made through her affiliate links. In this world nothing can be said to be certain, except death and taxes. ~ Benjamin Franklin If you have made your decision to become a homeowner, you may be in for an unpleasant surprise when applying for a mortgage […]

Fannie Mae Guidelines on Getting a Mortgage Loan after Foreclosure

Lori Ballen, the owner of this website, benefits from purchases made through her affiliate links.Federal Housing Administration, Top Ten Facts about FHA LoansIt used to be that you had to wait four years after going through a bankruptcy or short sale before you could attempt to get approved for a mortgage, but that isn’t the […]

Is Las Vegas Still Flipping?

Lori Ballen, the owner of this website, benefits from purchases made through her affiliate links.It used to be that people everywhere were buying houses in Las Vegas, fixing them up and flipping them for a profit. Everywhere you turned someone was in the market for a good deal. However, all of that has changed recently. […]

Share This:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
I've put together a list of the top ten cities worth a second look when it comes to the real estate market today. I've tried to recognize cities throughout the country, as I wanted to avoid generalizing in one area.
Housing Market Trends
Lori Ballen

The Ten Best Cities for Real Estate in 2021

I’ve put together a list of the top ten cities worth a second look when it comes to the real estate market today. I’ve tried to recognize cities throughout the country, as I wanted to avoid generalizing in one area.

Read More »