Las Vegas Short Sale Home Sold By The Ballen Group

Online, June 10, 2014 (Newswire.com) - This Las Vegas short sale home was sold in the last days of May. It was listed in December 2012 for $50,000 but was sold for $53,100. This Las Vegas short sale home is located on Jeffreys Street in the Santa Fe Haciendas in Las Vegas 89119.

This Las Vegas short sale home is a townhouse measured at 1,000 square feet. This Las Vegas short sale home is a 2 story home with 2 bedrooms and 2 bathrooms. This Las Vegas short sale home was built in 1987.

A Las Vegas short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property. In addition, the property owner cannot afford or chooses not to repay the liens full amounts.

Therefore, the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency.

Credit experts will agree that neither a Las Vegas short sale nor a foreclosure is favorable to a person's credit or credit score, however, the impact of a foreclosure is much worse.

This Las Vegas short sale home is located in the zip code region of 89119. In this region there are 116 active listings. These Las Vegas homes in 89119 tend to be on the market for 49 days.

The median price for these Las Vegas 89119 homes is $94,770. 23.3% of homes in 89119 are Las Vegas short sale homes or foreclosures.

The number of active listings in Las Vegas 89119 increased by 4.1%from the previous month. The number of sales in January dropped by 87.5% from the previous month.

The percent of owner occupied properties in Las Vegas 89119 is 46.3% below the national average. The percent of rental properties in Las Vegas 89119 is 42.65% above the national average which is typical for urban areas.

Median household income in 89119 is $37,817 with 1,478 households earning between $35,000 to $40,000 annually. 8.6% of the residents in the area of this Las Vegas short sale home have completed their bachelor's degree.

Median age in the area of this Las Vegas short sale home is 33. 16% of these Las Vegas residents are married. In this Las Vegas short sale home's zip code region, there are 21,099 Las Vegas homes. 4,959 of those Las Vegas homes in 89119 contain children.

The Ballen Group of Keller Williams Realty Las Vegas was started and is owned by husband and wife team Richard and Lori Ballen. The Ballens became Las Vegas real estate agents in 2007 and were the top producing agents on their team in the first year. Over three years ago Richard and Lori Ballen moved to Keller Williams Realty Las Vegas and started their own team of Las Vegas real estate agents.

The Ballen Group - Keller Williams Realty Las Vegas
Lori Ballen
3046 S. Durango #100
Las Vegas, NV 89117
702-604-7739