The Ballen Group Has Sold Another Home In Las Vegas, Nevada

LAS VEGAS - April 15, 2014 - PRLog -- Located on Tudela Court, this Las Vegas home is selling for $349,000. This house went up for sale in February 2014 and had received the current buyer’s offer within a month. The Ballen Group was able to get this home completely sold within 2 months. This single family home, built in 2005, has 4 bedrooms and 3 full bathrooms. Measuring 2424 sq. ft. this home is located in the Summerlin Area of Las Vegas.

This home was last bought in 2011 for $269,000. The Ballen Group is proud to get this home sold for $80,000 more than the owner paid just three years ago. This home is just an example of the rising demand for Las Vegas Homes and the rise in housing prices in Las Vegas.

Located in 89138, the amount of other homes for sale in this area have dropped by 5.8% since last month. This drop in homes for sale could have easily played a part in getting this home sold fast. This home was on the market for less than 1 month, which is about at least a week shorter than the median number of days properties in this area are actively listed for sale. The median time period for homes listed on the market is 52 days which is significantly shorter than the median for the rest of the country.

Currently, the median listing price for homes in this area is $410,000. There are 65 Summerlin homes actively listing in this area. Out of those 65, 12 of those Las Vegas homes are listed as “Distressed Listings” meaning either short sale or foreclosure.

In this area of 89138, 59% of the homes are owned by the home’s resident. 29% of the homes are rented which is 10.12% above the national average. This high percentage is normal for urban areas such as this one.

In this area the median income for each home is $100,822. Only 55 homes earn $35,000 to $40,000 a year. 26% of the residents in this area have achieved a bachelor’s degree. With the same percentage of the residents living in 89138 having “Some College” experience.

The schools assigned in this home’s located are Linda Rankin Givens Elementary School, Sig Rogich Middle School, and Palo Verde High School.

The Ballen Group was started by Richard and Lori Ballen who got into real estate in 2007. Since then they have been building a team of specialists for the Summerlin Area, though their area services all of Las Vegas.

The Ballen Group

Lori Ballen

3046 S. Durango #100
Las Vegas, NV 89117

www.BallenGroupHomes.com