Real Estate Information Archive

Blog

Displaying blog entries 1-3 of 3

The Great Housing Recovery

by Heidi Winston

Las Vegas real estate has, after almost five years of extreme distress, started on the long road to recovery. Prices are heading up and there are no signs of these increases slowing or reversing. 

Because of the critically low number of homes for sale (4,500), buyers are having great difficulty finding a house to buy. When they do, they are often bidding against several other buyers, many of them paying cash.

These cash buyers, often investors, are difficult competition for a buyer simply looking for a home to live in.

There are some effective strategies a buyer can use to compete with cash buyers and investors. None of them easy or simple, but if you know anyone trying to buy a home in today's highly competitive real estate market, have them call 702-277-6599 Heidi Winston or 702-232-8510 Nancy Gillingham and we will help them find the best possible home for the lowest possible price.

 

 

Las Vegas Housing Inventory, Did you Know?

by Heidi Winston

 With only 4,500 homes for sale in the Las Vegas area, buyers are scrambling to find a suitable home. Most buyers with a pending offer on a short sale are counting their blessings that they have a house "locked in."

 

Although 40% of the homes for sale are priced under $150,000, 66% of the sales are in this price range. Homes priced over $300,000 account for 26% of all the available homes for sale but represent only 8% of the sales. There is far less competition for these higher priced homes.

Las Vegas Market Watch

by Heidi Winston

LAS VEGAS MARKET WATCH                                           

 

May 2012

May 2011

Annual Change

Total Inventory

4,569

13,948

-67 Percent

REO Inventory

494

3,207

-85 Percent

Short Sale Inventory

1,207

6,474

-81 Percent

Non- Distressed Inventory

2,868

4,267

-33 Percent

REO Pending

1,667

3,207

-48 Percent

Short Sale Pending

11,872

8,248

44 Percent

Non-Distressed Pending

1,937

1,856

4 Percent

REO Closed

1,275

1,707

-25 Percent

Short Sale Closed

1,289

912

41 Percent

Non-Distressed Closed

1,407

1,202

17 Percent

 

Displaying blog entries 1-3 of 3

Share This Page

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