Analysis of Las Vegas Real Estate Market for Investors
REMAX CENTRAL of LAS VEGAS, Specializing in Las Vegas Real Estate, Las Vegas Real Estate Investments, Las Vega Real Estate Foreclosures, Las Vegas REOs and Las Vegas Bank Owned Homes.
Work with the market leader who will save you time and money - we've been featured in Business Week, USA Today, Canadian Broadcast Corporation, CBS News and all local major TV stations in Las Vegas. We have trained foreclosure experts on staff who handle nothing but Las Vegas Foreclosure transactions.
We believe Las Vegas Real Estate is now more affordable than it has been in 5-10 years, depending on your price range and that our market has bottomed out in terms of any meaningful price reductions as we move into 2009.
Call Toll Free 877-360-2030 Or, go to our website at LasVegasRelocation.com
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We are on the front lines of the Las Vegas real estate market and there is much more positive news for investors and homeowners than what the national media is conveying! We continue to believe that Las Vegas real estate has excellent levels of affordability not seen in years and the market is on the move.Investors Moving into Las Vegas Market
Investors are moving into our market in increasing numbers. Most do not care if the market has "bottomed" or not, as they are purchasing homes at below replacement costs, have positive cash flow and plan on holding them for 3-5 years to generate a significant return.
Positive Impact via Government and Mortgage Rates
Mortgage rates are at historical lows - the average interest rate on a 30-year fixed rate mortgage has dropped to 5.01%. And, even lower rates below 5.01% are available to some customers of large banking institutions. Mortgage rates have dropped 1.5% points since October, creating a savings of $185. per month on a $200K loan.
The Government's TARP Program is not getting as much traction in the Las Vegas Real Estate Market as we would like to see; but, we believe it is helping homeowners in Las Vegas.
Banking Institutions Locking in on Pricing
Banking institutions that have foreclosed homes in their inventory are not negotiating on price in most cases. Meaning, they believe our pricing levels have fundamentally reached bottom and they do not need to negotiate to sell their inventory of Las Vegas homes.
Yes, they are bankers and want to maximize their position; but, we think this fact underscores some realities in our market. Prices are stabilizing and are not going to drop in any dramatic fashion moving forward So, call or write us today or let us reserve a seat on our Las Vegas Forclosure Bus Tour for you!
Las Vegas Real Estate Market Shifting
The market is shifting for a real estate investment Las Vegas. This has become a good market for investments if you are prepared to make a Las Vegas real estate investment for a 3-5 year period and know that an appreciation rate of 5% per annum is healthy.
Quick Snapshot of Recent Trends Impacting Real Estate Investment Las Vegas
The Las Vegas Real Estate is recovering quickly from the "foreclosure downdraft" that has impacted not only Las Vegas but many other markets around the USA. Here is a snapshot of what is occurring in the Las Vegas Real Estate Market:
* Sales of single family homes, condominiums and townhomes here in Las Vegas hit a milestone record of 4,702 sold for the month of June 2009, beating the previous record of 4,414 set in June of 2004, based on the Greater Las Vegas Association of Realtors numbers released today.
* Our inventory of available homes is dropping quickly - inventory of homes for sale in Las Vegas shrunk to 20,613, a decrease of 11.9 percent from a year ago. Condo listings are down 2.2 percent to 5,416.
* Our median prices held steady at $140,000 for single-family homes, which was unchanged from the previous month and down 37.8 percent from this time a year ago.
* Condominium prices inched up 1.5 percent from May to $66,000. It was the second consecutive month of condo price increases.
* We are starting to see multiple offers on many of our homes, especially those that are in the $0-150K price range, with investors aggressively snapping up these properties.
* Approximately 45% of all sales in the Las Vegas Real Estate market are all cash (!).
* Real Estate Investors are jumping back into our market in a big way - many are realizing a 5-10% ROI on their investments in our "affordable" market.

John and Ruth Ahlbrand, Co-Founders of RE/MAX CENTRAL of Las Vegas
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Las Vegas, NV 89135
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Fax: 702-940-9601
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Las Vegas Real Estate Market Tweets
- RuthAhlbrand
- aka Ruth Ahlbrand
- 1,680 followers
- 1,278 following
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- How to Minimize your #ClosingCosts, which can save you thousands over the long haul: http://tinyurl.com/c7auex
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- If you have an interest in #LasVegasRealEstate then please follow us - you won't find MLM or "grow Twitter links" just analysis fm #Realtors
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- #LasVegasRealEstate fundamentals are improving, price cuts are reduced & home owners are pricing homes for sale: http://tinyurl.com/avh3uf
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- RT @MoreRealEstate Need money? Get money fast - The art of raising private money for real estate investing. http://su.pr/2THQnu
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- Two #LasVegasHomebuilders offered good-news, bad-news scenarios in their second-quarter financial reports: http://tinyurl.com/kqw9vx
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- "What happens in #Vegas stays in Vegas" ubiquitous Ad Campaign given new life & Ad Agency reduces fees: http://tinyurl.com/klplrn
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- #LasVegasRealEstate once again moving into healthy territory - multiple offers are the order of the day for any homes in the $0-150K range.
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- Banks consolidating, good for Las Vegas Real Estate Market, making more capital available for consumers/business:http://tinyurl.com/kj696d
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- International interest in #Las Vegas Real Estate remains strong, we are working with buyers from Europe, Asia and Canada
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- Western US Home Sales increased approx 7% in early summer, a positive sign for Las Vegas, LA, Phoenix, etc.:http://tinyurl.com/kwo9qq
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- Four Las Vegas Cities joining together to generate more housing funds for their respective areas: http://www.lvrj.com/news/49923092.html
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- Lobbyist are working behind the scenes to push for an extension of Home Buyers Credit: http://tinyurl.com/msysnb
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- #Real Estate Market across USA is starting to see signs of recovery and health in many metropolitan areas including Las Vegas.
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- RT: @openofficespace NY Times - 7-Eleven Stores plans to expand in the face of the weak commercial real estate market. http://is.gd/1yPxZ
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