Las Vegas Real Estate Stabilizing

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Why Las Vegas Real Estate is Stabilizing

Las Vegas real estate has reached levels of affordability not seen in 3-5 years or longer and homeowners and investors are taking advantage of our low prices on Las Vegas Real Estate. This lens details some of the forces that are shaping the Las Vegas real estate market.

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

Las Vegas Real Estate Has Bottomed Out! 

We May Have Hit Bottom with Las Vegas Real Estate

Bank Owned Las Vegas Homes are driving the market and establishing a floor for prices, accounting for approximately 65% of all transactions. And, we anticipate this trend to continue for some period of time.

We are working closely with a number of banks and have a large block of Real Estate Owned ("REO") homes that we are selling and are in touch with their representatives on a daily basis.

Banks are Pricing for Sales

We are starting to see more flexibility on pricing from the banks - we believe as we move further into this third quarter of the year and into the fourth quarter, banks will become more flexible on their negotiations and pricing. They simply want to get these homes of their books to minimize a drain on their earnings.

Statistical Trends Improving for Las Vegas Real Estate

We have had record sales for the month of June 2009 - with the greatest volume of homes sold since we've been keeping records. And, our inventory ("supply of homes") is dropping to around a six month supply of homes, which also means our market is getting much healthier.

We have value pricing here in Las Vega that has not been seen in 3-5 years and investors are moving back into our market for the great deals that are available.



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

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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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LasVegasRelocation.com
Give Us A Call Toll Free:
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