Las Vegas Real Estate Evolving

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Las Vegas Real Estate Market Overview

Short Lens about the overall Las Vegas real estate market and the dynamics we are experiencing, written by an executive with 20 plus years of experience. Good overview of Las Vegas foreclosures and how to buy and sell Las Vegas real estate in a "foreclosure driven" marketplace that is constantly changing.

Work with the market leader - we've been featured in Business Week, CNN, The CBS Morning Show, Fast Company, USA Today and all local major TV stations in Las Vegas. The majority of our Agents are Certified Distressed Property Experts, meaning they have been trained to handle Foreclosure sales.

Call Toll Free 877-360-2030 Or, go to our website at LasVegasRelocation.com

Las Vegas Real Estate Heating Up 

Las Vegas Real Estate is Affordable


We live in a world of numbers and statistics - affordability is now driving Las Vegas Real Estate. We have levels of affordability ("price points for Las Vegas Real Estate") not seen in 3-5 years and investors and homebuyers are taking advantage of our existing market.

If you look at the trends from December/January time frame (we think this was bottom of market), the numbers have been moving upward on a continual basis. Case in point, we had approximately 2,300 Sold Listings for this month versus just over 1,000 in January and just under 2,000 in April time frame. The trend is positive and the numbers speak volumes!

We believe lower prices are moving buyers and investors back into the market. Yes, we are in a challenging market, but we have over 5,000 people a month still relocating to Las Vegas, are generating significant interest from real estate investors and we have a world class city that is second to none.

In early summer of 2009 we had a record sales month, with the most Las Vegas Real Estate every sold; or, since we've been keeping records. We think this clearly underscores that our market has bounced back!

Las Vegas Foreclosure Summary

1) Las Vegas Foreclosures have become very affordable - our price per square foot for some homes/properties is at levels we haven't seen in 3-5 years or more in some area; prediction: we think our market is close to bottom in pricing or "trying to form" a bottom as we say in real estate speak. Also, affordability is clearly bringing investors back into our market and motivating consumers (families) to buy.

2) Las Vegas Foreclosures are driving the market - approximately 50% of our sales are bank owned properties - prediction: we think this will continue through much if not all of 2009, but the pace may slow depending on actions taken by our state and federal governments, what happens to the overall economy, how aggressive the Obama administration is with helping consumers, etc.

3) The national media has been beating up Las Vegas and Las Vegas Real Estate like a pinata; prediction: this may continue into 2009 but we hope some editors will wake up and smell the roses and realize Las Vegas is dissimilar from many markets.

4) Our historical lows for mortgage rates are generating a lot of refinance deals and some new sales; prediction: we believe these low rates will start to drive more real estate transactions, driven in part by (we anticipate) more positive news about our country and local economy as we move through 2009.

5) Chaos creates risk and opportunity - we are starting to see more and more investors and international clients buy Las Vegas real estate; prediction: we believe this will increase moving forward into 2009, especially if the US dollar continues to weaken against other currencies.

6) Good Las Vegas Foreclosure deals abound in this market but you have to do thorough due diligence, have financing in place and work with a realtor/broker who is Foreclosure savvy (trained and experienced); prediction: this isn't going to change, 2009's market will be similar to 2008; i.e. cash is king, know what you are buying, work with a realtor who is a leader in the field.

7) Our unique business climate, getaway destination for tens of millions, unique entertainment and lifestyle choices make Las Vegas a world class city; prediction: this is not going to change - hang on to your IPhones this is Vegas baby and we are coming back........

Forclosure Tour Bus to see some great Las Vegas Real Estate



John and Ruth Ahlbrand, Co-Founders of RE/MAX CENTRAL of Las Vegas

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LasVegasRelocation.com
Give Us A Call Toll Free: 877-360-2030
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8400 West Sahara Avenue
Las Vegas, NV 89117
Office: 702-360-2030
Fax: 702-360-5120

OR, 10220 West Charleston Blvd.
Las Vegas, NV 89135
Office: 702-940-9600
Fax: 702-940-9601
Call Toll Free: 800.346.5103

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Las Vegas Real Estate Relocation Expert  

Short video on how our realtor/broker can help you purchase Las Vegas Real Estate and relocation with a minimum of hassle.

Las Vegas Relocation

Las Vegas Relocation expert REALTOR who has helped hundreds of families relocate to the greater Las Vegas area.

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by LasVegasRealtor

LasVegasRelocation.com
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