Las Vegas, NV, January 09, 2015 --(PR.com
)-- The Ballen Group of Keller Williams Realty Las Vegas has just sold a home in the Paradise Meadows subdivision which is a gated community in Las Vegas, Nevada. This home was listed for sale in the first week of November and had an accepted offer the first week of December. This home sale closed escrow in the last week of December.
This home was sold for $295,000. This home was purchased by the previous owner in 2004. In 2004 the owner paid just over $230,000 for the home. The Ballen Group was able to get this home sold for over $60,000 more than the owner had originally paid for it. This increase in price also shows that the Las Vegas real estate market is on the rise and has recovered in certain areas from the market crash just a couple years after this home was purchased.
The Paradise Meadows home in Las Vegas is a single story, single family home. This home is measured at 2,304 square feet and has a lot size measuring 11,326. This home has 3 bedrooms and 2 full bathrooms. The home also features a 3 car garage, RV parking, and is located at the end of a cul-de-sac. This home has a large backyard with a shed.
This Paradise Meadows home is located in the zip code region of 89131. The number of active listings in Las Vegas (89131) dropped by 4.5% from the previous month. The median number of days active properties have been listed is 82. This is significantly shorter than the national average. The number of sales in November dropped by 92.3%from the previous month.
The percentage of owner occupied homes in Las Vegas 89131 is 71.69%. The percentage of renter occupied properties in Las Vegas 89131 is 18.42%. 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.
The median listing price for homes in Las Vegas 89131 is $296,360. These homes are on the market for 82 days. The Ballen Group was able to get this home in escrow just over 30 days after it was listed, making the sale of this home twice as fast as the average time period that homes in this area are listed. There are currently 282 listings in Las Vegas 89131. 20% of those listings are distressed listing. A distressed listing indicates either a Las Vegas short sale or a foreclosure.
Median household income in 89131 is $93,022 with 476 households earning between $35,000 to $40,000 annually. The income bracket with the largest amount of the population in Las Vegas 89131 earns between $75,000 and $100,000 a year. This income bracket represents approximately 2,400 homes. The second largest income bracket earns between $50,000 and $75,000 a year.
For the zip 89131, 10.14% of the residents in this area have received their graduate degree. 16.37% of the people have completed a bachelors degree as their highest education level. 10.25% of the residents in this area have completed their associates degree. 29.68% of the residents in this area are reported to have completed some college.
The median age in this area is 35. The population in this area is 38% married. There are 15,093 homes in Las Vegas 89131. Of those homes, 7,045 of the homes are reported to include children in the residents.
The Ballen Group at Keller Williams Realty Las Vegas was started and owned by Richard and Lori Ballen. The Ballens became Las Vegas real estate agents in 2007 and quickly became the top producing Las Vegas real estate agents on their team. After a few years with Coldwell Banker, the Ballens moved to Keller Williams Realty Las Vegas and began building their own real estate team.
The Ballens are no longer directly involved in real estate though they still own The Ballen Group as well as a content marketing company and an online referral network known as the All Star Agent Network. Richard and Lori now travel the United States and teach others how to build a team, market their company, and the secrets of success.
The Ballen Group - Keller Williams Realty Las Vegas
3100 S Durango Drive #106
Las Vegas, NV 89117