Will LV Housing Market Start to Recover in 2012??

According to an Economic Analyst in California, Las Vegas will see improvements in 2012. Housing prices will start to increase once employment is made available next year, it may take a couple more years to fully see an effect on the housing prices. For the full article please follow this link:...

Las Vegas Comes Out On Top

Although housing prices are still down home sales are going up. May was the first time this year and even from May 2010 that there was improvement in the number of sales. The median home price still sits around $125-126K but things are starting to look better for Nevada which is definitely a good thing! Please follow the link for the full article...

Housing Market Consistent, In a Bad Way

Las Vegas is still low in home sales and re-sales the numbers are there and not playing in our favor. There has been a 1.8 percent drop in the median home price since last year and new-home sales have dropped almost half of what they were last year in the same months. It is obvious numbers are lower due to our economy and the recession may not be...

The Ogden Ready for Urbanites to Make Home

Streamline Tower has been renovating for the last six months, now known as the Ogden it has proved to be for the best. Due to the improvements the occupancy has increased and doesn’t look like it has anything to worry about for awhile. Pricing is definitely one of the perks for what you are getting, a more modern establishment to hopefully...

Las Vegas Market Looking Up

Sales at or below the median price are hot and often have multiple offers. In the month of May Realtors had sales up to almost 4,000 which is a big increase from prior months and last year. Thanks to high investor interest and excited homebuyers using affordable money the lower end of the market is incredibly active and quite possibly the most...

Distressed Properties Bring Investors to Vegas – Sales at a 5-Year High

Throughout the last five years, our economy has taken multiple hits including an increase for unemployment, which leads to unpaid mortgages or rent and with that foreclosures and/ or price drops. In Las Vegas, March marked a five-year high in home sales due to cash buyers and investors because of the massive number of homes going into foreclosure...

Las Vegas Home Sales Decline vs Last Year

The inventory of homes for sale in Las Vegas continued to climb in August and sales dropped 12.7 percent from the same month a year ago, the Greater Las Vegas Association of Realtors reported Thursday.  Read the rest here..   ...

Closed Short Sales Make Huge Gains in Las Vegas

A very interesting dynamic is happening in the Las Vegas market due to tighter controls on the foreclosure process by federal and state governments.  A reduction in the bank repo inventory has pushed home buyers to select and wait for short sales.  Interesting numbers; 4169 total closed units (Single-Fam, Condo, Townhome) 80.5% Single Family /...

Las Vegas Median Real Estate Prices – Surprises!

Reduced Inventory Levels Result in Stabilizing Home Values.  Greater Las Vegas area home prices remain stable through the first half of 2010.  With our inventory levels  remaining below 5 months for properties with no accepted offers, the principles of supply and demand suggest our prices should be increasing.  Not so as current appraisals ...

Las Vegas MLS Real Estate Inventory Increases 6.2.2010

Single Family Residence (SFR) Available – 8,106 (+99 , Last Week 8,007) Under Contract – 12,728 (-329 , Last Week 13,057) Days of Supply – 19 (+1 , Last Week 18) Short Sales – 12,615 (-39 , Last Week 12,654) Condominiums and Town Homes (CONDO/TH) Available – 2,052 (+44 , Last Week 2,008) Under Contract – 3,035 (-105 , Last Week...