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Lowest Prices Gone

by Heidi Winston

 As recently as last spring, well over 70% of the homes sold in Las Vegas were under $150,000. Today, less than 60% are under that mark and this trend shows no sign of easing.

 

 

The Big Question Facing Buyers and Sellers

by Heidi Winston

 A new year. The big question facing buyers and sellers is whether our real estate market will stabilize or continue to be over-heated. Let's review the last two years and look ahead to 2013.
The biggest real estate news was the dwindling inventory. This shortage resulted in bidding wars and buyers paying well over the appraised price.

 These shortages will continue, despite that old, worn rumor of banks dumping huge numbers of foreclosures on the market, but that is nothing more than an urban myth. It'll never happen.
As we wound our way through 2012, the number of home sales fell. This was not from a lack of demand, which remained very high, but rather from a lack of homes to buy. We can expect more of the same in 2013, pushing prices up further.

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Displaying blog entries 1-2 of 2

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Contact Information

Photo of RE/MAX Central Realty Real Estate
RE/MAX Central Realty
Heidi and Michael Winston
8921 W Sahara Ave, Suite A
Las Vegas NV 89117
Heidi: 702-277-6599
Michael: 702-219-8692
Fax: 702-974-2288