[ 4 ]

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SOUTHERN NEVADA REALTOR ® APRIL 2013 www.LasVegasRealtor.com

SOUTHERN NEVADA REALTOR ® 

04.13 IN THIS ISSUE 

30 

6 PRESIDENT’S MESSAGE 19 RPAC MAJOR INVESTORS 39 CONTINUING EDUCATION SCHEDULE 44 ANNUAL MLS STATISTICS 

9 CEO EXCHANGE 24 MARKETLINX 42 SINGLE FAMILY HOME REPORT 45 ® TRAINING SCHEDULE 

RENTAL LEASED REPORT 

12 THE BUZZ 37 MARCH INDUCTEES 43 CONDO/TOWNHOME REPORT 46 APRIL EVENT CALENDAR 

WANT LUNCH OR DINNER ON US? 

As you read the SNR, watch for your license 

number. If you find your license number 

hidden within an article, call the Association 

and let Krista Baker-Pantuso, Membership 

Director 702. 784.5026 know. You will then 

receive a gift certificate for lunch or dinner at 

a local restaurant. 

18 

14 GLOBAL BUSINESS 

Tap Into the Global Market Learn how 

you can tap into the global market 

from right where you are. 

18 GOVERNMENT AFFAIRS 

Political News Corner Primary election 

voting, the end of Robocalls and more. 

13 PROFESSIONAL STANDARDS 

Advertising Listings After You 

Leave the Brokerage Case #12-216 

Advertising Role in Sales After Changing 

Firm Affiliation. 

23 HOW TO MAKE MONEY 

GOING GREEN 

4th Annual Greenfest Earth Day 

Celebration Greenfest and UNLV 

Festival of Communities join forces to 

host this FREE event. 

25 MARKETLINX ® 

Map Overlays on Fusion/MLXChange 

Maps How to use them. 

25 MARKETLINX ® MOMENTS 

Goodbye MLXchange & Hello Fusion 

9 

27MEMBER SPOTLIGHT 

Meet Leroy “Buck” Schaeffel 

30 Think Globally for a World of 

New Business Adding a fully-translated 

property search to your website can 

increase the quantity and quality of 

international traffic to your site. 

32 Juan Martinez Named 

NAHREP President President-elect 

installed as 2013-1014 President. 

36 MEMBER BENEFIT PERTNERS 

Discounts on services and products.

PRESIDENT’S MESSAGE 

[ BY DAVID TINA ] 

LET’S HELP LAS VEGAS 

GO GLOBAL 

One advantage of living here in Las Vegas is 

that people around the world know what an 

exciting place this is. 

And now more than ever, the world is becoming 

increasingly aware of what an exciting time it is 

to invest in real estate here. 

We can all do our part to help spread this 

message around the world. Like most things in 

this increasingly global economy, we can start 

here at home. 

First, REALTORS ® interested in learning more 

about the huge and rapidly growing global 

market or in working with more foreign buyers 

should get involved in GLVAR’s Global Business 

Committee. This committee meets at 10 a.m. 

on the third Wednesday of every month. For 

more information, contact Lorena Marcelo at 

Lmarcelo@glvar.org, the GLVAR staff liaison 

who works with this committee. 

Better yet, REALTORS ® interested in going global 

should also join me in attending an inaugural 

event GLVAR is hosting with NAR here at the 

GLVAR’s offices on April 18-19. Real estate 

professionals from around the country and 

from at least a few other countries have already 

registered for this two-day “Destination Vegas” 

networking and educational symposium. 

Space is limited, so you might want to sign up 

soon by visiting www.realtor.org/resortsreg. 

nsf/startreg?OpenForm. You can find more 

information on the “Destination Vegas” event here: 

www.realtor.org/global/destination-vegasyour-passport-to-resort-and-global-success. 

No matter what foreign buyers may have heard 

about Las Vegas and our housing market, I 

think it’s worth reminding them every chance 

we get about how we’re ranked third among 

all U.S. destinations when international visitors 

search for homes on Realtor.com. Studies by 

NAR and others have shown that Las Vegas is 

also among the top 10 places where foreign 

buyers are choosing to invest in real estate. 

And why not. Most people know about our 

warm weather and all the entertainment 

offerings on the Strip, but fewer probably know 

about our relatively low tax burden, cultural, 

shopping, dining and outdoor recreational 

offerings. 

Few probably heard that Las Vegas attracted a 

record number of visitors last year, when just 

shy of 40 million tourists flocked to town. 

Fewer yet probably understand why our 

comparatively low housing costs and recently 

rising home prices make it such a great time to 

buy real estate here. 

These are some of the speaking points I use 

when conducting interviews with the increasing 

number of foreign journalists who call on us 

for information every month. I’m interested to 

hear what your favorite Las Vegas selling points 

might be. 

As always, please contact me with any 

comments or questions you may have. n 

President David Tina can be reached by emailing 

tinaelite@aol.com 

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[ 7 ] 


[ 8 ] 


C E O E X C H A N G E 

[ B Y N E L S O N B . J A N E S ] 

LAS VEGAS IS THE THIRD MOST SEARCHED U.S. CITY 

BY NON-U.S. CONSUMERS AROUND THE WORLD, 

ACCORDING TO A STUDY BY THE NATIONAL ASSOCIATION 

OF REALTORS ® . 

Among those looking are investors for immigration 

purposes, for their children to go to school in North America, 

to diversify their real estate portfolio and to work or study 

in North America. 

Here’s a breakdown of where these international residential 

buyers are coming from: Canada, 24 percent; China, 11 

percent; Mexico, 8 percent; India and the U.K., 6 percent; 

Brazil, France and Germany, 3 percent; Russia, 2 percent; 

and Japan, 1 percent. 

Some questions you will want to ask when working with an 

international buyer… 

Do you plan to live in the property or rent it 

 

government 

 

 

cash here or will you require fi nancing in the U.S. 

 

you in that process 

Of course, you also confer with them about the type of 

property that they are looking for and you will want to be the 

source for referrals to any specialists such as accountants 

from whom they may also need advice. 

Commercial REALTORS ® have their own special set of 

questions… 

 

borders 

 

that will be required by the move 

 

based employers 

Fortunately, NAR’s Global Division has published a Profi le 

of International Home Buying Activity which you can access 

on line at realtor.org. 

NAR maintains formal relationships with 81 organized real 

estate associations in over 60 countries. Plug into all of the 

information that NAR has to offer as you embark into this 

market. 

The best step that you can take – beyond the NAR/GLVAR 

Second Home/Global Real Estate Symposium here on April 

18 and 19 – is to get your Certifi ed International Property 

Specialists (CIPS) Designation. It is being offered April 22- 

26 at GLVAR and includes a wealth of knowledge about 

the business and etiquette of handling transactions with 

individuals from other cultures. 

Chief Executive Officer Nelson B. Janes can be reached by calling 

702.784.5000 or by emailing njanes@glvar.org 

[ 9 ] 


BOARD OF DIRECTORS 

PRESIDENT 

David Tina 

tinaelite@aol.com 

PRESIDENT-ELECT 

Heidi W. Kasama, ABR 

heidi@kasamagroup.com 

VICE PRESIDENT 

Noah Herrera 

tonoah@cox.net 

TREASURER 

Robyn Yates, GRI, SFR 

ryates@windermere.com 

IMMEDIATE PAST PRESIDENT 

Kolleen L. Kelley, RRG,SFR 

vegaskelley@aol.com 

CHIEF EXECUTIVE OFFICER 

Nelson B. Janes 

njanes@glvar.org 

Tina Africk, ABR, SFR 

narofnv@gmail.com 

Christopher Bishop 

cbishoplv@yahoo.com 

MLS CHAIRMAN 

David Brownell 

David@lasvegasmove.com 

Janet Carpenter, SFR 

janetc9860@gmail.com 

Vandana Chima RRG, SFR, RSPS 

vandana@realtorvandana.com 

Mary Greenspan, RRG, CRS, GRI 

mary@greenspanbrokerage.com 

Keith Lynam,GRI 

homesinsouthernnevad@ 

windermere.com 

CALV PRESIDENT 

Tedd Rosenstein, CCIM 

TRNDR@msn.com 

Leroy “Buck”Schaeffel, ABR, CRS 

buck@mesquitegroup.com 

Neil Schwartz, CRS, GRI, SFR, RRG 

nrschwartz@cbvegas.com 

Krystal Sherry 

krystalsherry@cox.net 

Cheryl Smith, CRB, CRS, RRG 

VegasCheryl@gmail.com 

Jaime Velez 

javelez@kw.com 

WEBSITES AND HOTLINES 

NATIONAL ASSOCIATION OF REALTORS ® 

www.realtor.org (to access realtor.com and over 

2 million New & Resale Homes) 

NEVADA ASSOCIATION OF REALTORS ® 

www.nvar.org | info@nvar.org 

The Greater Las Vegas Association of REALTORS ® 

1750 E. Sahara Avenue Las Vegas, NV 89104 

702.784.5000 | Fax: 702.784.5060 | www.lasvegasrealtor.com 

Articles appearing in Southern Nevada REALTOR ® do not necessarily carry 

endorsements of The Greater Las Vegas Association of REALTORS ® (GLVAR), its 

Board of Directors or its Members unless indicated as approved by the GLVAR. 

Southern Nevada REALTOR ® is edited and produced exclusively by GLVAR. 

EDITORIAL STAFF 

Editor NELSON B. JANES 

Art Director 

KIP TAYLOR 702.784.5006 

Communications Director 

TIFFANY JAMES 702.784.5038 

Graphic Designer 

ALEKSANDAR BLAGOJEVIC 

NEVADA REAL ESTATE DIVISION 

www.red.state.nv.us 

LEGAL HOTLINE SUE SAUNDERS 

(NVAR in Reno) 800.748.6999 

GLVAR makes no endorsement, promise or warranty of any kind with respect to advertisers and the products or services provided by advertisers in 

the Southern Nevada REALTOR ® . GLVAR shall not be liable for any claims, damages, expense and/or losses of any kind arising from the use of any 

advertiser’s product or service. Publisher reserves the right to reject or discontinue any advertisement at its sole discretion. 

FOR INFORMATION ABOUT SNR’s “INTERACTIVE” ADVERTISING 

contact Tiffany James at 702.784.5038 or tjames@glvar.org.

[ 11 ] 


BUZZ 

THE 

C O M M U N I C A T I O N S 

REAL ESTATE 

TOPICS 

WORTH 

TALKING 

ABOUT 

[ B Y T I F F A N Y J A M E S , C O M M U N I C A T I O N S D I R E C T O R ] 

GLVAR’S NOAH HERRERA 

ON NATIONAL TV GLVAR Vice 

President Noah Herrera was featured 

in a CNBC news story that aired 

nationwide last month. The headline 

was “What’s fueling the housing 

boom in Vegas?” Check it out here: 

www.cnbc.com/id/100522314 

HOME PRICES 

CONTINUE TO 

CLIMB GLVAR 

statistics show 

the median price 

for single family 

homes is up 24% 

from last year. 

GLOBAL INVASION 

NAR and GLVAR team up 

on April 18-19 to offer a 

“Destination Las Vegas” 

global summit. Flip to page 7 

for more information and to 

get your ticket. 

NAHREP NATIONAL 

PRESIDENT FROM LAS VEGAS 

GLVAR’s very own Juan Martinez 

was recently sworn in as the 2013- 

2014 NAHREP national president. 

He has been on NAHREP’s national 

board since 2010 and spearheaded 

the association’s mentor program. 

GOOD NEIGHBOR NOMINEES 

SOUGHT REALTOR ® Magazine 

is seeking nominees for its 14th 

annual Good Neighbor Awards. Do 

you know someone who volunteers 

countless hours to make their 

community a better place? Nominate 

them now and show the nation Las 

Vegas REALTORS ® care. 

EMINENT DOMAIN The 

North Las Vegas City Council 

is considering stripping 

away private property rights 

to benefit private investors. 

GLVAR’s lobbying team 

continues to fight to prevent 

this destabilizing action. 

SEVEN That’s the number 

of banks foreclosing on the 

majority of U.S. homes, 

24/7 Wall St reports, saying 

a small portion of banks 

are servicing the majority 

of mortgages in foreclosure. 

http://bit.ly/ZRXxI9 

[ 12 ] 


HOME BUILDERS REACH OUT 

TO REALTORS ® Numerous home 

builders showed up at the March 22 

GLVAR general membership meeting 

to educate REALTORS ® on their 

products. 

RENTAL PROPERTIES ON 

THE RISE Here’s a sign of the 

times: there are now more homes 

available for rent on our local MLS 

than there are homes available 

for sale without offers on them. 

NOTICE OF DEFAULTS ON 

THE RISE A recent report from 

RealtyTrac reported a 334 

percent spike in notice of default 

filings in Nevada for February 

2013, compared to February 

2012. According to RealtyTrac, 

Nevada’s “foreclosure starts” 

are at a 17-month high. 

[ 13 ] 


TAP INTO 

THE GLOBAL 

MARKET 

GLOBAL BUSINESS 

[ BY TAMARA LARISA TYRBOUSLU, CHAIR ] 

FELLOW AGENTS! 

I hope you have been paying attention to all the 

GLOBAL BUZZ in Nevada. We have officially 

launched our Nevada Association of REALTORS ® 

Global Business Committee which will assist 

all of the Associations to create local Global Business 

Committees charged with educating our Members on 

global and multicultural business opportunities. 

The global trend begins and expands beyond real estate. 

Money, as a general rule, seeks safety and calculated gain. 

When people invest beyond borders it’s because they 

recognize the possibility for decent profit with minimal 

risk— where there are economic growth potentials and safe 

havens for profit. 

Recognizing the importance of the world market and the 

evolution of business culture toward co-empowerment 

and collaboration, the “Nevada Regional Development 

Authority” has renamed itself “The Las Vegas Global 

Economic Alliance.” CEO Tom Skanke, at Preview Las 

Vegas 2013, encouraged attendees to see the bigger picture 

in today’s digital world. Our competition is not so much 

neighboring cities and states; it’s entire countries (countries 

that we don’t even share borders with). He suggests that 

we look at our neighbors (even distant cities with mutual 

benefit like Denver and Seattle) as allies to cooperate with 

in order to compete in the global market. 

The Alliance is now located at the InNEVation Center inside 

SWITCH demonstrating a much-needed and long overdue 

partnership between private and public sectors to diversify 

Nevada’s economy. Besides not having income tax, Nevada 

has tax incentives for industries to relocate here. Because 

of our environment and weather, we are a perfect location 

for anything related to technology from medical training to 

information warehousing. 

Learn how you can tap into the global market from 

right where you are, without even leaving the city at our 

GLOBAL SUMMIT APRIL 18-19TH, 

DESTINATION LAS VEGAS. The first day 

you can take the core class for the Resort 

and Second Property Specialist designation. 

The second day will be full of information 

on the local to global economy, trends to 

be aware of, immigration and visa issues, and a panel of 

experts who are already successful in global real estate. 

There will be an open forum to share your global business 

opportunity and a mixer to network with like-minded 

industry leaders! Log onto www.Realtor.org/global to 

register before it’s sold out! 

Hope to see you there! n 

GLOBAL SUMMIT: DESTINATION LAS VEGAS SPEAKERS 

NAR RESEARCH FAST FACTS 

Now is an exciting time to be a 

globally-minded real estate 

professional, and NAR has the tools 

to help you seize your share of the 

$82.5 billion global real estate market 

locally! NAR’s Commercial Division 

and Global Business and Alliances 

Group recently merged to form the 

ZACHARY BENJAMIN 

MANAGER, BUSINESS 

DEVELOPMENT & 

OUTREACH, 

NAR GLOBAL BUSINESS 

& ALLIANCES GROUP 

GLOBAL 

SUMMIT 

INFO 

PAGE 7 

Commercial and Global Services 

Division, creating unprecedented 

opportunities for REALTORS ® and 

allied professionals to leverage two 

of the strongest business networks in 

the real estate industry. This session 

will guide attendees through NAR’s products and services 

for professionals with an eye toward global, commercial, 

and resort/second-home real estate. Learn how to reach 

important sectors of your market through your state and 

local associations’ global business council and commercial 

structure or overlay board. Plus, learn how to make the most 

of eBooks, NAR’s electronic library, Commercial Connections 

and Global Perspectives news publications, the Certified 

International Property Specialist Designation, and much more. 

[ 14 ] 


SOUTHERN NEVADA: RESET, REBUILD, RECOVER 

The Great Recession has changed 

how Southern Nevada businesses 

view their own practices and longheld 

beliefs—including a better 

understanding of the underlying 

strengths and weakness of our 

economy—and what kind of tax 

structure we need to support a vibrant 

JOHN RESTREPO 

PRINCIPAL, RCG 

ECONOMICS LLC 

modern economy. The local business 

community now understands the 

fundamental importance of an 

educated and skilled workforce. 

The Las Vegas business community also recognizes that 

the Las Vegas brand we market and the global image 

we portray do mean something when trying to attract 

investment, business expansion and relocation, and skilled 

and educated workers. 

There is a newly discovered sense of realism and 

pragmatism in both the business community and the 

governmental sector about Southern Nevada’s future. Most, 

if not all, of the economic and market indicators have either 

stabilized or are modestly improving, and have been doing 

so for more than a year. Southern Nevada will not see a 

“V”-style recovery, but we are certainly seeing an elongated 

Nike Swoosh-style recovery. And that’s good considering 

the economic trauma the region has gone through during 

the last five years. 

U.S. VISA THROUGH INVESTMENT 

Bindi Parikh is the founding partner at Parikh and Prasad 

Law Group. She specializes in all kinds of employment - 

based and family-based visa petitions, including 

citizenship applications and appeals. She is also proficient 

in investment based E-1, E-2 and EB-5 visas. The firm 

has helped many foreign companies establish their 

U.S. operations and also helped U.S companies to file 

permanent resident petitions for their temporary foreign 

employees thereby helping them retain their valued 

BINDI PARIKH 

ATTORNEY 

visas will be discussed. 

employees on a more permanent 

basis. 

Ms. Parikh will present different 

options regarding obtaining a visa 

or green card through investment in 

the US. The presentation will cover 

both temporary, short-term visas 

and longer-term visas and green 

cards. Specifically the following 

• B-1VISA OR BUSINESS VISA: The definition of business 

under immigration law is rather limited. Generally 

speaking, a B-1 visa holder is not permitted to work, receive 

payment from a US source (other than reimbursement for 

certain expenses), or run a business. Activities that are 

permitted on a B-1 visa will be discussed. 

• L-1 VISA: Multinational businesses can use this visa to 

transfer owners/shareholders, managers and employees 

to the U.S, if certain conditions are met. The individuals 

transferred can also obtain a green card eventually. 

• E-2 VISA: This is an investment-based visa that is country - 

specific only. The “E-2 visa” or the “treaty investor visa” is 

often the most viable option for many small businesses. 

Its purpose is to facilitate international business relations 

and foster investment in the United States by foreign 

nationals and corporations. 

• EB-5 VISA: The EB-5 visa is popularly known as the 

million-dollar visa and is available to qualified investors 

seeking permanent residence though investment in a 

new commercial enterprise. The basic requirements and 

minimum investment will be discussed in detail. Ten 

thousand immigrant visas per year are available under 

the EB-5 category. Of the 10,000 investor visas available 

annually, 5,000 are set aside for those who apply under 

a Pilot Program with the U.S. Citizenship and Immigration 

Services USCIS. n 

[ 15 ] 


[ 16 ] 


[ 17 ] 


GOVERNMENT AFFAIRS 

POLITICAL 

NEWS 

CORNER 

[ BY JOE BREZNY, 

DEPUTY GOVERNMENT AFFAIRS DIRECTOR ] 

THE PRIMARY MUNICIPAL ELECTION IS TUESDAY, APRIL 2 

PRIMARY ELECTION VOTING 

Voter turnout in municipal elections hovers in the 

10-15% range, so every vote counts even more 

this year because there are so few of them cast. 

When the general public votes at 10% and we 

vote at 25%, decision makers take notice. 

Find your municipal election polling place here: 

www. clarkcountynv.gov/depts/election/Pages/Contacts.aspx 

#city_clerks 

THE END OF ROBOCALLS 

You spoke. We listened. Actually, you screamed and 

complained about robocalls louder than any other form 

on campaigning, so we listened. There are no robocalls 

scheduled for this year, and odds are they will never happen 

again. I think they’re annoying, too. Don’t worry, you’ll still 

get voting information from us by e-mail. 

THE END OF ALL POLITICAL CALLS? 

Sick of the political calls in general? It’s not a very commonly 

known fact that although there is a field on your voter 

registration form for a phone number, you are not required 

to give a phone number in order to register to vote. Most 

people put the phone number down anyway, but it isn’t 

required. And if you leave that field blank, it is much harder 

for political campaigns to get your digits. Already registered 

to vote? Just re-register without it. 

VOTER REGISTRATION 

You’re still not registered to vote? Holy cow. Fix it now. 

Here’s the link: www.registertovotenv.com 

READER QUESTIONS? 

If you have any questions about registering to vote, the 

voting process, or any other subject you feel would be 

appropriate, feel free to write in and we’ll answer your 

question in the column. 

NEXT MONTH 

Don’t miss the column next month, where we cover how 

many of you have to vote in the general election in order for 

me to shave my head. n 

Joe Brezny is Deputy Director of Government Affairs for GLVAR. He can be 

reached at jbrezny@glvar.org or 702.784.5016. 

[ 18 ] 


REALTORS ® POLITICAL ACTION COMMITTEE (RPAC) 

MAJOR INVESTORS 

GOLDEN R 

$5000 

*NANCY ANDERSON 

*DEVIN REISS 

*LINDA RHEINBERGER 

CRYSTAL R 

$1500-$4999 

ROSA HERWICK 

KEITH LYNAM 

STERLING R 

$1000-$1499 

ERNEST FREGGIARO 

NOAH HERRERA 

CHRISTINE McNAUGHT 

LEROY SCHAEFFEL 

LILLIAN SPENCER 

ROBYN YATES 

GOVERNOR’S CLUB 

$500-$999 

THOMAS BLANCHARD • FORREST BARBEE 

CAPITAL CLUB 

$250-$499 

JIM BROOKS • GINGER MAGLEBY • IAN PALAST 

For information about how you can contribute to one of the best investments in real estate, visit the REALTOR ® Action 

Center at realtoractioncenter.com/rpac/. 

Contributions are not deductible for income tax purposes. Contributions to RPAC are voluntary and are used for political purposes. You may refuse to contribute without reprisal and the National 

Association of REALTORS ® or any of its state associations or local boards will not favor or disfavor any member because of the amount contributed. 70% of each contribution is used by your state PAC 

to support state and local political candidates. Until your state PAC reaches its RPAC goal 30% is sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 

441a; after the state PAC reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates. 

RPAC HALL OF FAME CONTRIBUTOR 

* Tier 1 - Total lifetime contributions of $25,000 or more 

** Tier 2 - Total lifetime contributions of $50,000 or more 

***Tier 3 - Total lifetime contributions of $75,000 or more 

[ 19 ] 


[ 20 ] 


PROFESSIONAL STANDARDS SPOTLIGHT 

ADVERTISING LISTINGS 

AFTER YOU LEAVE THE BROKERAGE 

[ SUBMITTED BY JACQUIE KETCHERSID, PROFESSIONAL STANDARDS MANAGER ] 

CASE #12-26 Advertising Role in Sales After Changing 

Firm Affiliation (Adopted May, 2010) 

REALTOR ® P was a non-principal broker licensed with XYZ, 

REALTORS ® whose forte was listing residential property. 

Noted prominently on REALTOR ® P’s website was the 

banner: “Sold by REALTOR ® P!” Under that banner were 

addresses of nearly a hundred properties REALTOR ® P had listed, and 

which had been sold either through REALTOR ® P’s efforts or through the 

efforts of cooperating brokers. 

Seeking new opportunities, REALTOR ® P ended his relationship with 

XYZ and affiliated with ABC, REALTORS ® . REALTOR ® P promptly revised 

the information on his website to prominently display the name of his 

new firm in a readily apparent manner. He also continued to display the 

lengthy list of properties that he had listed, and which had sold, while 

REALTOR ® P was affiliated with XYZ. 

His departure from XYZ had been on good terms, so REALTOR ® P was 

taken aback to receive a complaint brought by his former principal broker, 

REALTOR ® D, alleging that REALTOR ® P’s website display of sold listings 

violated Article 12, as interpreted by Standard of Practice 12-7. 

At the hearing, the complainant noted that Standard of Practice 12-7 

provides, in relevant part, “Only REALTORS ® who participated in the 

transaction as a listing broker or cooperating broker (selling broker) may 

claim to have ‘sold’ the property.” “It was XYZ, REALTORS ® ,” REALTOR ® 

D added, “that was the listing broker in these transactions, not our former 

sales associate, REALTOR ® P. His advertising of our listings and sales 

under the banner of his new firm ABC, REALTORS ® , is unauthorized 

and misleading to consumers who will get the impression that ABC was 

involved in these transactions when that is simply not true.” 

REALTOR ® P defended himself and his website pointing out that he had 

listed each of the properties displayed on his website, and the only thing 

that had changed was his firm affiliation. He directed the hearing panel’s 

attention to the disclaimer at the end of the list of properties that read, 

“Each of these properties was listed by REALTOR ® P over the past seven 

years. For much of that time, I was affiliated with another firm.” 

The hearing panel agreed with REALTOR ® P’s defense, noting that 

consumers would understand that some of the sales had occurred while 

REALTOR ® P was affiliated with a different firm. Consequently, REALTOR ® 

P was found not in violation of Article 12. n 

Source: NAR 

[ 21 ] 


[ 22 ] 


H O W T O M A K E M O N E Y 

G O I N G G R E E N 

4TH ANNUAL 

GREENFEST 

EARTH DAY 

CELEBRATION 

[ B Y S H A R O N E X A R H O S , G R E E N C O M M I T T E E C O - C H A I R ] 

GREENFEST EARTH DAY CELEBRATION 

FREE Admission & Parking for the 

Saturday, April 20, 2013 4th Annual 

Greenfest Earth Day Celebration. The 

event will be held at the UNLV Campus 

with free admission and parking from 

11 a.m. to 6 p.m. This is the combined effort of 

Greenfest and the UNLV Festival of Communities. The 

goal is educating the public in a myriad of ways to better 

understand why and how to live more sustainably. Bring 

the family, your friends and neighbors and make it a day 

to remember. 

Visit the Kid Zone and participate in the fun activities. 

The farmers markets throughout the valley will be there. 

Take your picture with the mascots. See the repurposed 

fashion show. Adopt a Pet. Learn organic gardening 

and composting tips. Be inspired by the art and visit 

with the artists. View the latest hybrid and electric cars. 

Try tasty food from a variety of vendors. Exhibitors 

will give you current health and wellness information. 

View the largest recycling and repurpose display. Listen 

to live musicians. Green vendors will show you the 

latest technology to help you live more responsibly. 

See the research UNLV undergraduates are doing. At 

the Solar Decathlon Project, students will show you 

their worldwide competition home. You will be privy 

to the latest and greatest information on repurposing, 

recycling, and reducing. This is a Zero Waste event – 

come and see for yourself! 

INCREASE YOUR GREEN IQ: GREENWASH (green’wash’, 

-wôsh’) – verb: the act of misleading consumers regarding 

the environmental practices of a company or the 

environmental benefi ts of a product or service. Visit 

www.sinsofgreenwashing.org. The site claims 4.5% of 

products examined to be “sin free” compared to 2.0% in 

2009. Play the “Name the Sin” game, which shares a lot 

of good information on greenwashing. 

SAVE YOUR MONEY The www.energystar.gov site 

claims energy savings can help homeowners save 

approximately one-third on energy bills. Use this site to 

get current information on the Energy Star certifi cations. 

The Carpet Institute (CRI): Since carpet or rugs are found 

in almost every S.0063617 home and business this site 

will arm you with the science and help you make better 

choices. Visit www.carpet-rug.org. Current information 

will help you save money too! 

OUR GREEN Committee Invitation is for both GLVAR 

REALTORS ® and Affi liate Members. The next meeting 

will be on the second Friday, April 12, at 1:00 p.m. 

GLVAR in Board Room #1. Ellen Ross, Vice Chair of the 

GREEN Committee and I invite you to attend and become 

a member of this committee. Ellen’s email is: 

ellen.hkrealty@gmail.com. You do not have to be a 

GREEN REALTOR ® to join this committee. 

Your suggestions or questions are valued, please contact 

me at Sharon@LivingInTheLasVegasValley.com. 

[ 23 ] 


[ 24 ] 


[ B Y K A T H Y H E A N E Y , C O R E L O G I C M A R K E T L I N X ] 

M A R K E T L I N X 

MAP OVERLAYS ON 

FUSION/MLXCHANGE MAPS? 

ARE YOU USING THE 

What? Where? 

First of all—you DO NOT need to 

use MLS Area numbers! You can 

use the Microsoft BING Maps 

that are integrated in both 

MLXchange and FUSION. 

On the Maps feature there is an overlay tool 

that can guide you, rather than relying on the 

antiquated area map tool. 

IN MLXCHANGE there is a dashboard at the top of the 

“Search Map” search tab that has an overlay option. 

Once you click on this option, choices will appear that 

show City, County, Neighborhood, Zip Code, and School 

Location that can guide you to select the location you’d 

like to search. 

IN FUSION the overlays can be found on the right side of 

the map. It is the fourth icon from the top (between the 

binoculars and the eraser). Sample screenshots shown. 

Once you have the overlay on your map, you may use the 

drawing tools to draw up to fi ve shapes on the map. 

If you have any questions on this feature or others, you 

can come to the MarketLinx Computer Labs on Monday 

OR Friday from 9 to 11 am or 1 to 3 pm. 

GOODBYE MLXCHANGE & HELLO FUSION 

Goodbye MLXchange and hello Fusion. CoreLogic 

MarketLinx and The Greater Las Vegas Association of 

REALTORS ® will be phasing out MLXchange at the 

end of 2013. MLXchange was a ground breaking 

system with many new functions when it was first 

introduced in 2001. MLXchange served its purpose 

and became a comfortable old friend. As time 

marched on, so did technology. Agents wanted to use 

different browsers and platforms like Safari, Firefox, 

and Macs. Then, along came Android tablets and 

iPads which are not compatible with MLXchange. 

Hello, Fusion. Fusion is a browser-independent 

interface that accesses the same MLS database and 

works with popular web browsers and platforms. 

Please call GLVAR @ 702-784-5050 to sign up for 

classes or CoreLogic MarketLinx at 702-735-0478 if 

you have any questions. 

[ 25 ] 


[ 26 ] 


MEMBER SPOTLIGHT 

MEET LEROY “BUCK” SCHAEFFEL 

[ BY TIFFANY JAMES, COMMUNICATIONS DIRECTOR ] 

WHY DID YOU 

BECOME A 

REALTOR ® ? 

I like helping 

people realize 

their dreams. 

WHAT WAS YOUR FIRST JOB 

IN REAL ESTATE? 

I was a sales consultant at 

a local real estate office in 

Mesquite. 

HOW IS THE REAL ESTATE 

MARKET IN MESQUITE? 

The market here in Mesquite 

has picked up, and so have 

our home prices. 

HOW IS IT DIFFERENT FROM 

THE LAS VEGAS MARKET? 

(Unlike the Las Vegas area), 

we seem to have enough 

inventory to go around in 

Mesquite. 

WHAT DO YOU KNOW NOW 

THAT YOU WISH YOU KNEW 

WHEN YOU STARTED IN THIS 

BUSINESS? 

I would obtain my CRS 

designation faster. CRS has 

helped make my job a lot 

easier through education 

and skill enhancement, not 

to mention the CRS referral 

network. n 

[ 27 ] 


Would you give up 

your bed tonight... 

If doing so could 

change 

someone's life? 

...What if it could 

change yours? 

Family Promise of Las Vegas presents: 

Saturday April 20, 2013 6:00pm 

St Thomas More Catholic Community, Henderson NV 

WHAT IS CARDBOARD CITY? 

Participants sleep overnight in a cardboard box to connect with 

the struggle of homelessness. This event helps boost public 

awareness of local homelessness and benefits the programs of 

Family Promise of Las Vegas. 

HOW CAN I DONATE? 

Online www.familypromiselv.com 

Mail to PO Box 270128 

Las Vegas NV, 89127 

Call 702-638-8806 

HOW IS FAMILY PROMISE UNIQUE? 

We are one of over 180 networks across the country affiliated 

with Family Promise, a national nonprofit organization committed 

to helping low-income families achieve lasting independence. Over 

85% of families leaving the Family Promise program successfully 

secure housing. 

[ 28 ] 


[ 29 ] 


THINK GLOBALLY FOR A 

WORLD OF NEW BUSINESS 

[ BY EMILY WILLIAMS, RET CONTENT COORDINATOR ] 

I spotted this awesome article on REALTOR.org 

and was inspired! It’s fascinating to understand 

where international buyers are coming from and 

where they are looking in the United States. 

Based on searches on REALTOR.com and 

REALTOR.com International, the top 10 most-searched 

U.S. cities by international buyers (as of July 2012) were: 

1.Chicago, IL 

2.Las Vegas, NV 

3.Los Angeles, CA 

4.Miami, FL 

5.Orlando, FL 

6.New York, NY 

7.Fort Lauderdale, FL 

8.Houston, TX 

9.San Diego, CA 

10.Kissimmee, FL 

Interesting, right? Well, here’s something even more 

interesting: the article on REALTOR.org broke it down even 

further and looked at where these international buyers 

were coming from. I should note that REALTOR.com 

International translates listings into 11 languages. This 

explains the quantity and quality of their international traffic. 

You can read more about the site with their press release: 

REALTOR.com Goes Global With Launch of International 

Site. retechnology.com/news/press-releasesrealtor_comgoes-global-with-launch-of-international-site 

MAXIMIZE GLOBAL BUYERS This information isn’t just 

interesting – it’s useful. To explain how it’s useful, let’s look 

at a hypothetical. 

Let’s say you’re a real estate agent in Los Angeles. By 

glancing at REALTOR.org’s list, we see that Los Angeles 

is among the most-searched cities by many international 

[ 30 ] 


uyers. This includes: Canada, U.K., Australia, Germany, 

India, France, China, Italy, Japan, Philippines, Brazil, South 

Korea, Netherlands, Spain, Russia, Ireland, Singapore, New 

Zealand, and Switzerland. Now, some of these buyers will 

speak English, but many won’t. 

This tells me that, if I’m a Los Angeles agent, I need to 

find a way to make my online marketing more multicultural 

and multi-lingual if I don’t want to miss an excellent 

opportunity to reach a larger pool of buyers. 

How do I do this? To find out, I talked to our international 

expert, Janet Choynowski of Immobel. She’s my go-to gal 

for all questions global marketing. She had these suggestions 

for reaching a worldwide audience. 

1. CONSIDER ADDING A FULLY-TRANSLATED PROPERTY 

SEARCH TO YOUR WEBSITE. Janet explains, “An Englishonly 

website is going to be available to about 28% of 

all Internet users worldwide, since the other 72% will 

be searching in other languages, and will be directed 

to websites that contain those languages. 72% more 

exposure online is a pretty big deal.” 

She continues, “You need to look at ways to ‘globalize’ 

your message, and this starts with making yourself easy to 

find on international search engines. It is easy to imagine 

that because you are on the ‘World Wide Web’ that you are 

equally visible everywhere. But if you think about it, when 

was the last time you came across a website in Chinese or 

Russian while searching in English on Google.com? This 

does not mean there are no such websites, but Google. 

com knows that you are using English language to search, 

and also that you are in the United States, and will feed 

you relevant content. Similarly, a prospect searching from 

their home in France on Google.fr has almost no chance of 

finding your English language website, because Google.fr 

knows that French language is relevant for that user. There 

are hundreds of search engines around the world, and 

every one of them uses this logic.” 

But beware which tool you’re using for translation, Janet 

adds! Adding Google translate or a similar machine 

translation to your website will not help you; “In fact,” she 

says, “search engines penalize your website for bad 

translations, even Google.” Her company, Immobel, offers 

IDX translation services to put your local MLS listings on 

your website in 13 languages. “This increases your online 

exposure to 91% of all viewers, rather than the 28% you 

get with English only,” she says. 

We should also note that we haven’t even talked about 

the huge community of U.S. citizens who speak a 

foreign language. This group is yet another incentive 

to get multi-lingual with your Web presence. They, too, 

are searching in foreign languages from right here in the 

United States. They’re your friends and your neighbors 

(in addition to being a rich source of business and 

referrals) and in order to serve their needs you need to 

be speaking their language. 

2. THINK GLOBAL WITH YOUR SOCIAL MEDIA PRESENCE, 

TOO. “You can have Facebook pages and LinkedIn profiles 

in more than one language, and you should strongly 

consider this if you speak another language (even if it’s only 

well enough to post a few things),” Janet says. “It will really 

broaden your reach on Facebook, where about 75% of the 

users are connecting in other languages. Once you snag 

your first international buyer, they are a great resource for 

referrals, so keep in touch with them on social media and 

reap the rewards!” 

Janet continues, “Our Immobel IDX-Buzz App for Facebook 

can put a 13 language property search right on your Facebook 

page, helping you leverage your contacts worldwide.” 

3. FOR MANY FOREIGN BUYERS, YOU ARE SELLING 

PROPERTY IN “AMERICA” OR THE “UNITED STATES,” 

not in your local area (i.e. “Coral Gables” or “Beverly Hills”). 

They may start their search at the very top level and drill 

down. So, include your country in your site description, 

along with your city, state and zip code. 

4. CREATE GLOBAL CONTENT In addition to Janet’s 

suggestions, there are a few other ideas you may want 

to consider: 

• Writing articles geared toward international buyers 

and posting them on your blog. These can be tips for 

relocating, ideas for finding work in your city and more. 

• Creating a special “relocation resources” section of 

your website and catering it specifically to the needs 

of international buyers. n 

Article provided by RE Technology a FREE GLVAR Member Benefit, for more 

articles activate your account today at glvar.retechnology.com 

Source: RE Technology. Copyright 2013 RE Technology. 

Reprinted with permission of RE Technology. 

[ 31 ] 


JUAN 

MARTINEZ 

NAMED NAHREP 

PRESIDENT 

(Washington D.C.) The National Association of Hispanic 

Real Estate Professionals (NAHREP) recently announced the 

installation of Juan Martinez, as the 2013-2014 president. 

Martinez, who has served as NAHREP’s president-elect, 

joined the national leadership team in 2010 as a member of 

the national board. He succeeds outgoing President Gerardo 

“Jerry” Ascencio. Jason Madiedo, a three-term national 

board member and the third lender to head the association, 

will succeed Martinez as president-elect in 2014. The pair 

will be sworn in on March 27 during NAHREP’s annual 

legislative conference in Washington, D.C. and will serve 

one-year terms in these roles. 

“Juan Martinez has been integral to the strategy to grow 

NAHREP in recent years. His leadership and business savvy 

are going to have an even stronger influence during his 

term as president,” said Gary Acosta, CEO and co-founder 

of NAHREP. 

Juan Martinez is the broker/owner of Century 21 Martinez 

& Associates in Las Vegas. In 2012, Martinez also topped 

the list of the highest producing Latino agents in the nation 

as named by NAHREP’s Top 250 Latino Real Estate Agents 

in the nation. He was also named as the 13th overall team 

nationwide as named by the 2012 Wall Street Journal Real 

Trends Report. 

Martinez is the former president of NAHREP Nevada, which 

under his leadership became the first NAHREP chapter 

in the country to exceed 1300 members. He has served 

on NAHREP’s national board since 2010, is the national 

membership committee chair and has spearheaded the 

association’s mentor program. 

ABOUT NAHREP 

The National Association of Hispanic Real Estate 

Professionals, a non-profit 501c6 trade association, is 

dedicated to increasing the homeownership rate among 

Latinos by educating and empowering the real estate 

professionals that serve them. Based in San Diego, NAHREP 

is the premier trade organization for Hispanics and has 

more than 20,000 members in 48 states and 50 affiliate 

chapters. n 

Source: NAHREP 

[ 32 ] 


[ 33 ] 


MEMBERSHIP 

CONGRATULATIONS MARCH INDUCTEES 

I AM A REALTOR ® I PLEDGE MYSELF 

To protect the individual right of real estate ownership and to widen the opportunity to enjoy it; 

To be honorable and honest in all dealings; 

To seek better to represent my clients by building my knowledge and competence; 

To act fairly towards all in the spirit of the Golden Rule; 

To serve well my community, and through it my country; 

To observe the REALTORS ® Code of Ethics and conform my conduct to its lofty ideals. 

CECIL G. ABREA 

GOLDEN REAL ESTATE & INV, LLC 

CHRISTINE BROWN 

TMI REALTY 

ALTON DAVIS 

SHELTER REALTY, INC. 

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ADELFA JANE A. DIAZ 

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REBECCA S. BROWN 

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SARAH C. CHEN 

REALTY ONE GROUP, INC. 

ANNIE A. EASTMAN 


SHANE HARRIS 

FIRST PRIME REALTY GROUP 

LAURA BILLMAN 

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LANA M. COLBURN-LIFSCHUTZ 


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CHERYL L. BITTERMAN 

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DENISE COLIN 

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COLDWELL BANKER PREMIER 

EV HONEGGER 

RHODES RANCH REALTY 

SUMMER L. BOWEN 

MARSHALL STEARNS REAL ESTATE 

LISA COSTELLO 

Keller Williams Realty Las Vegas 

MARIO GANADOS 

AMERI-DREAM REALTY 

JOHN H HUDSON III 

IPROPERTIES INTERNATIONAL 

[ 34 ] 


CLAY ISLEY 

REALTY ONE GROUP INC. 

DAVID R. NAPOLETANO 

DESERT GOLD REALTY LLC 

DEVON M. SANSONE 

SANSONE REAL ESTATE SERVICES 

PATRICIA TSUI 

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PAUL G. NEPA 


KEN SARNA 

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PENNY L. TYNER 


VICKY KELCH 


LAURIE J. NIXIE 


JESSICA D. SCALISI 

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YECHASKEL A. VOJDANY 

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DICK BLAIR REALTY 

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MOTION PROPERTIES 

DAVID A. RICE 


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KELLER WILLIAMS REALTY 

THE MARKET PLACE I 

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ANGELA M. ROSE 

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KELLER WILLIAMS REALTY LAS VEGAS 

VERONICA SALDANA 


[ 35 ] 


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505-0544 

VAN & ASSOCIATES LAW FIRM 

SANDY VAN, ESQ 

529-1011 

VERTICALS, BLINDS, & SHADES 

JACK VOSBURGH 

596-9291 

VIA BRASIL STEAKHOUSE 

ADAM GOMES 

804-1400 

VIVIX CREDIT SOLUTIONS 

BIANCA ZAMORA 

434-4414 

WATER PROS 

GARRET & CHRISTINA VANDEVER 

316-9800 

WILDFLOWER GROUP 

JOAN ROGLIANO 

303-667-5485 

WILLIAMS HEATING & COOLING INC. 

DWAYNE WILLIAMS 

403-6096 

WINDER FARMS 

LARRY BRONAUGH 

949-6025 

TRINITY 

[ 37 ] 


[ 38 ] 


04. 13 

YOUR Education Source for Real Estate in Southern Nevada 

CONTINUING EDUCATION SCHEDULE 

EDUCATIONAL OPPORTUNITIES 

DAY / DATE TIME COURSE TITLE CE# & CREDIT *PRICE 

24 HOUR CE 

MON/April 1 

THU/April 4 

THU/April 4 

FRI/April 5 

MON/April 8 

TUE/April 9 

WED/April 10 

THU/April 15 

MON/April 22 

MON/April 22 

MON/April 22 

TUE/April 23 

TUE/April 23 

TUE/April 23 

WED/April 24 

WED/April 24 

1:00 pm - 

4:00 pm 

9:00 am - 

12:00 pm 

1:00 pm - 

4:00 pm 

9:00 am - 

4:00 pm 

9:00 am - 

12:00 pm 

1:00 pm - 

4:00 pm 

1:00 pm - 

5:00 pm 

9:00 am - 

12:00 pm 

9:00 am - 

12:00 pm 

1:00 pm - 

4:00 pm 

5:30 pm - 

8:30 pm 

9:00 am - 

12:00 pm 

1:00 pm - 

4:00 pm 

5:30 pm - 

8:30 pm 

9:00 am - 

12:00 pm 

1:00 pm - 

4:00 pm 

Ethics & Negotiating - Did You Cross the Line? 

Perfecting Agency Services & Skills 

Understanding the Escrow Process & Prelims 

Conquering Contracts III 

How to Ace the Listing Presentation 

What Every Licensee Should Know 2013 - Legislative Law 

Negotiation Win/Lose-Win/Win 

Managing Broker Risks 

Agency - Do I Know Who I Represent 

Understanding Credit & It’s Effect on Real Estate 

Transactions 

The Good, The Bad - Changing the Perception, 

Improving the Profession 

Anti-Trust, History, Purpose, Real Estate & Risk Reduction 

The Listing Contract 

Better Client Service & The Highest Ethical Conduct: 

Improving Our Reputation and Public Image 

Escrow and the Real Estate Agent 

Real Estate Update 2011 - 2012 

CE.5417000 

(3) Ethics 

CE.3734000 

(3) Agency 

CE.2933000 

(3) General 

CE.3120001 

(6) Property Management 

CE.5219000 

(3) General 

CE.5463001 

(3) Legislative Law 

CE.5325000 

(3) Personal Development 

CE.3868000 

(3) Broker Management 

CE.5513000 

(3) Agency 

CE.5279000 

(3) General 

CE.3683000 

(3) Ethics 

CE.3530000 

(3) General 

CE.3602000 

(3) Contracts 

CE.3941000 

(3) General 

CE.3682000 

(3) General 

CE.5322000 

(3) Legislative Law 

GET ALL 8 CLASSES FOR $120. If you are a Broker or Property Manager, replace with a General class from the 24 Hour schedule. 

THU/April 25 

THU/April 25 

FRI/April 26 

MON/April 29 

TUE/April 30 

9:00 am - 

12:00 pm 

1:00 pm - 

4:00 pm 

1:00 pm - 

4:00 pm 

9:00 am - 

12:00 pm 

9:00 am - 

12:00 pm 

Broker Management - Rules, Management & Future 

Property Management Contracts 

Negotiating Commercial Real Estate Leases 

What Every Licensee Should Know 2013 - Agency 

Now I Have the Listing, What Do I Do To Close It? 

CE.3811000 

(3) Broker Management 

CE.3895000 

(3) Property Management 

CE.5482000 

(3) Contracts 

CE.5464001 

(3) Agency 

CE.5335000 

(3) Contracts 

$20.00 

SPECIAL 

$12.50 

$10.00 

For 

BOTH 

$30.00 

Classes! 

$ 100.00 

$20.00 

$12.50 

$30.00 

$30.00 

$20.00 

FREE 

$20.00 

$20.00 

$20.00 

$20.00 

$20.00 

$20.00 

$20.00 

$20.00 

$30.00 

$12.50 

$20.00 

* PRICES SHOWN ARE FOR GLVAR MEMBERS. NON-MEMBER: $30.00 OR $35.00 PER CLASS. 

CANCELLATION IS REQUIRED WITHIN 48 HOURS OF THE CLASS TO RECEIVE A REFUND. SORRY NO EXCEPTIONS. 

THESE COURSES ARE APPROVED BY THE NEVADA REAL ESTATE COMMISSION. 

COURSE, TIME & DATE SUBJECT TO CHANGE CLICK HERE FOR CURRENT INFORMATION, TO REGISTER & NEXT MONTHS SCHEDULE 

➠ 

[ 39 ] 


SINGLE FAMILY HOME REPORT 

[ FEBRUARY 1- FEBRUARYY 28, 2013 ] 

SALES 

NEW LISTINGS 

PRICE RANGE 2 BDRMS 3 BDRMS 4+ BDRMS TOTAL UNITS S/FAM UNITS 

$49,999 or Under 13 28 4 45 55 

$50,000 to 59,999 7 19 9 35 31 

$60,000 to 69,999 12 39 11 62 66 

EXISTING SINGLE FAMILY HOMES 

$70,000 to 79,999 13 51 16 80 76 

$80,000 to 89,999 16 61 17 94 88 

$90,000 to 99,999 12 77 25 114 113 

$100,000 to $119,999 35 197 70 302 244 

$120,000 to $139,999 29 242 120 391 340 

$140,000 to $159,999 19 199 120 338 326 

$160,000 to $179,999 15 128 116 259 270 

$180,000 to $199,999 8 81 88 177 222 

$200,000 to $249,999 16 106 169 291 339 

$250,000 to $299,999 10 61 110 181 218 

$300,000 to $399,999 4 44 98 146 208 

$400,000 to $499,999 2 14 47 63 106 

$500,000 to $999,999 2 9 34 45 116 

$1,000,000 to $2,999,999 0 0 15 15 35 

$3,000,000 to $4,999,999 0 0 2 2 5 

$5,000,000 and Over 0 0 0 0 3 

TOTALS 213 1,356 1,071 2,640 2,861 

MEDIAN PRICE 119,000 135,000 184,840 150,000 165,000 

AVERAGE PRICE 137,256 152,092 246,465 189,180 236,667 

LISTED VS. SOLD 

70,000 

60,000 

50,000 

40,000 

30,000 

20,000 

10,000 

0 

67% 59% 

69% 

91% 

2009 2010 2011 

2012 

LISTED SOLD 

86% 

2013 

FOR MORE COMPREHENSIVE STATISTICAL REPORTS CLICK HERE 

➠ 

[ 42 ] 


CONDO/TOWNHOME REPORT 


SALES 

NEW LISTINGS 

PRICE RANGE 1 BDRM 2 BDRMS 3 BDRMS TOTAL UNITS CONDO UNITS 

$49,999 or Under 28 43 8 79 90 

$50,000 to 59,999 21 36 13 70 98 

$60,000 to 69,999 11 39 19 69 82 

EXISTING CONDO/TOWNHOMES 

$70,000 to 79,999 3 41 21 65 94 

$80,000 to 89,999 2 25 19 46 68 

$90,000 to 99,999 0 28 25 53 55 

$100,000 to $119,999 1 29 29 59 45 

$120,000 to $139,999 0 22 13 35 44 

$140,000 to $159,999 1 11 10 22 29 

$160,000 to $179,999 0 3 6 9 12 

$180,000 to $199,999 0 3 3 6 14 

$200,000 to $249,999 0 7 3 10 15 

$250,000 to $299,999 0 1 1 2 5 

$300,000 to $399,999 0 0 1 1 2 

$400,000 to $499,999 0 0 2 2 2 

$500,000 to $999,999 0 0 1 1 2 

$1,000,000 to $2,999,999 0 0 0 0 0 

$3,000,000 to $4,999,999 0 0 0 0 0 

$5,000,000 and Over 0 0 0 0 0 

TOTALS 67 288 174 529 657 

MEDIAN PRICE 52,000 75,000 91,500 76,000 77,900 

AVERAGE PRICE 52,623 85,134 105,003 87,552 91,313 

20,000 

LISTED VS. SOLD 

15,000 

10,000 

5,000 

0 

61% 

65% 

79% 

90% 

2009 2010 2011 

2012 

2013 

74% 

LISTED 

SOLD 


➠ 

[ 43 ] 


ANNUAL MLS STATISTICS 

4000 

SINGLE FAMILY CLOSINGS 

TOTAL UNITS 

3500 

3000 

2500 

2000 

1500 

1000 

500 

0 

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 

2009 

2010 

2011 

2012 

2013 

CONDO/TOWNHOME CLOSINGS 

TOTAL UNITS 

1000 

900 

800 

700 

600 

500 

400 

300 

200 

100 

0 

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 

2009 

2010 

2011 

2012 

2013 

$200,000 

$189,180 

$165,998 

$160,000 

AVERAGE PRICE 

$120,000 

$80,000 

$40,000 

$10,000 

$70,899 

$87,552 

2012 

Year End Average 

2013 

Thru February 

$0 

Single Family 

Condominium 


➠ 

[ 44 ] 


RESIDENTIAL RENTAL LEASED REPORT 


RESIDENTIAL RENTAL UNITS LEASED 

LEASED 

NEW LISTINGS 

PRICE RANGE 2 BDRMS 3 BDRMS 4+ BDRMS TOTAL UNITS S/FAM UNITS 

$500 or Under 38 1 0 39 20 

$501 to $800 413 97 6 516 294 

$801 to $1,000 234 556 78 868 456 

$1,001 to $1,300 93 634 308 1,035 709 

$1,301 to $1,500 32 121 150 303 278 

$1,501 to $1,700 16 45 80 141 132 

$1,701 to $2,000 19 21 84 124 117 

$2,001 to $3,500 15 18 62 95 113 

$3,501 to $5,000 0 0 11 11 7 

$5,001 to $8,000 0 2 4 6 5 

$8,001 to $10,000 0 0 0 0 6 

$10,001 and Over 0 0 3 3 3 

TOTALS 860 1,495 786 3,141 2,140 

MEDIAN PRICE 800 1,050 1,313 1,050 1,150 

AVERAGE PRICE 893 1,111 1,999 1,274 1,287 

LISTED VS. LEASED 

AVERAGE PRICE 

MEDIAN PRICE 

3,000 

2,500 

2,000 

1,500 

1,000 

500 

2,140 

3,141 

February 2012 $1,347 

March 2012 $1,621 

April 2012 $1,299 

May 2012 $1,235 

June 2012 $1,222 

July 2012 $1,491 

August 2012 $1,323 

September 2012 $1,308 

October 2012 $1,821 

November 2012 $1,324 

December 2012 $1,535 

January 2013 $1,462 

February 2013 $1,274 

February 2012 $1,080 

March 2012 $1,095 

April 2012 $1,095 

May 2012 $1,100 

June 2012 $1,100 

July 2012 $1,100 

August 2012 $1,095 

September 2012 $1,095 

October 2012 $1,100 

November 2012 $1,095 

December 2012 $1,075 

January 2013 $1,462 

February 2013 $1,050 

0 

LISTED 

LEASED 


➠ 

[ 45 ] 


04.13 

EVENT CALENDAR 

2 PRIMARY 

MUNICIPAL ELECTION 

INFO PAGE 18 

10 MLS OPEN FORUM 

MLS’ quarterly open meeting. 

Make a difference —voice 

your suggestions and possible 

solutions. INFO PAGE 17 

20 GRAFFITI CLEANUP DAY 

Commercial Alliance Las Vegas (CALV) 

continue their tradition of community 

service. INFO PAGE 26 

18-19 GLOBAL SUMMIT 

Destination Vegas Join resort, second-home, and global 

professionals for this premier education and networking event. 

INFO PAGES 7 & 14 

18-20 NATIONWIDE OPEN HOUSE WEEKEND 

Join REALTORS ® coast-to-coast for this two-day event. 

to help promote the benefits of INFO PAGE 4 

TRAINING 

MAY 

PAGE24 MARKETLINX SCHEDULE 

PAGE39 CE EDUCATION SCHEDULE 

➠ 

CLICK 

Friday 

3 

9:00am-1:00pm 

7th Annual Bowling 

Tournament 

Texas Station 

Saturday 

4 

9:00am-1:00pm 

Shred-A-Thon 

GLVAR Parking Lot 

[ 46 ] 

Monday - Saturday 

13-18 

Midyear Legislative 

Meetings 

Washington, DC 

HERE FOR COMPLETE CALENDAR OF EVENTS 

SOUTHERN NEVADA REALTOR ® APRIL 2013 www.LasVegasRealtor.com 

Wednesday - Friday 

15-17 

Midyear Trade Expo 

Washington, DC 

Thursday 

23 

5:30pm-7:30pm 

CALV Annual 

Networking Mixer 

CiLi Bali Hai

[ 47 ] 


[ 48 ]

[ 4 ]

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