Las Vegas, NV, August 13, 2014 --(PR.com
)-- The Ballen Group’s Las Vegas real estate agents were thrilled to finalize the purchase of another Las Vegas home. This home is located in the zip code region of 89122 on Koa Avenue. This home was listed for $109,900. This home is measured at 1,637 square feet and has a lot size of 7,405 square feet.
This Las Vegas real estate listing has 3 bedrooms and 4 bathrooms. This is a single story single family home in Las Vegas 89122. This property has an in ground pool. The Las Vegas home that The Ballen Group helped in the purchase of was built in 1965 but has been reconditioned to a more modern look.
This was a traditional sale done by The Ballen Group. The Ballen Group originally specialized in Las Vegas short sales. For the past year the Las Vegas real estate market has been on the mend as home prices in this area are on the rise. Because of this The Ballen Group’s business is only 33% short sales.
This Las Vegas home buyer was a referral from another real estate agent in California. In a real estate referral the referring agent, in this case the agent in California, receives 25% of the commission of the home purchase. Referrals are currently 58% of The Ballen Group’s business. The Ballen Group strives to always keep open communication between their client as well as their referring agent in order to bring the “Wow Factor” to every referral transaction.
This Las Vegas home which was purchased by The Ballen Group’s client is in the zip code region of 89122. The number of active listings in Las Vegas 89122 increased by 2.3% from the previous month of July 2014. The number of sales in May dropped by 91.6% from the previous month.
The median number of days active properties have been listed is 65. This is significantly shorter than the national average. The median listing price for homes in Las Vegas 89122 is $141,770. There are currently 248 active listings in 89122. 27% of those listings are distressed listings, meaning they’re either a Las Vegas short sale or a foreclosure.
The percent of owner occupied properties in Las Vegas 89122 is 37.74%. This percentage is 14.95% below the United States’ national average. The percent of rental properties in Las Vegas 89122 is 48.15% which is 18.54% above the national average which is typical for urban areas.
A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area. High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.
Median household income in 89122 is $47,927 with 1,154 households earning between $35,000 to $40,000 annually. The income bracket of $25,000-$50,000 a year contains 4,744 Las Vegas households in 89122. The income bracket with the second largest amount of Las Vegas households is $50,000-$75,000 which contains 3,558 households in 89122.
For the zip 89122, 10.31% of the people have completed a bachelor’s degree as their highest education level. 8.8% of the residents in 89122 have achieved an associate’s degree as their highest level of education. 25.16% of the population are reported to have completed some college as their highest level of education. 34% of the inhabitants of Las Vegas 89122 have earned their high school diploma as their highest degree achieved.
The median age in Las Vegas 89122 is 35. 26% of the population in this area are reported to be currently married. There are 18,607 homes in 89122. Out of those 18,607 homes there are 5,738 homes with children included in the residents.
The Ballen Group has been located at Keller Williams Realty since 2010. The owners, Richard and Lori Ballen, have been Las Vegas real estate agents since 2007. The Ballens started at Coldwell Banker and were quickly the top producing agents in their real estate center.
After wanting to grow their team they moved to Keller Williams. Since then The Ballen Group has received many Keller Williams Awards and were the “Top Producing Team” in their market center in June. The Ballen Group strives to always put their client’s needs first and exceed both their clients and other real estate agent’s expectations.
The Ballen Group – Keller Williams Realty Las Vegas
3046 S Durango Drive #100
Las Vegas NV 89117