Las Vegas Realtor Provides Overview of Market
RE/MAX Central of Las Vegas, Specializing in Las Vegas Real Estate, Las Vegas Real Estate Investments, Las Vega Real Estate Foreclosures, Las Vegas REOs. The majority of our Agents are Certified Distressed Property Experts, meaning they have been trained to handle Foreclosure sales.
Work with the market leader who will save you time and money - we've been featured in Business Week, USA Today, Canadian Broadcast Corporation, RTL TV in Germany, Channel 4 in the UK, The Learning Channel (TLC), 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.
Call Toll Free 877-360-2030 Or, go to our website at LasVegasRelocation.com
Las Vegas Realtor Thinks Market is Bottoming Out!
Las Vegas Realtor Analyzes Market
Predicting when a market hits bottom requires significant skill, experience and intestinal fortitude - we believe the Las Vegas Real Estate market has hit bottom.No guts, no glory - any Las Vegas Realtor worth their salt should be able to shed some light on this for you! Here's the back story from our perspective.
June 2009 Sets Record for Number of Homes Sold
In June of 2009 we sold more homes here in Las Vegas than just about any time in our history. This tells us that the market is bouncing back and more importantly, that affordability is driving investors and homeowners back to the Las Vegas Real Estate Market.
The median Las Vegas Home price in Q-3 of this year is now about $140K and this puts an average home in the "reach" of prospective home buyers.
Contrast these numbers with a comparison of 22.9% overvaluation the market experienced in the first quarter of 2007, with a median price of $286K. Throw another hard number in the mix; fourth quarter of 2007 gave us a $259K media price and a 9.2 percent overvaluation. Finally, the Las Vegas Real Estate market had its highest valuation in the third quarter of 2006, with an overvalued percentage of 30%. The trends are obvious to us as a Las Vegas Realtor with market experience!
Here is a quote: Today's valuation statistics mean housing prices in Las Vegas have returned to their 23 year "historic norms" based on household income, population density, interest rates and other factors," said Richard DeKaser, chief economist for National City.
Check Our Blog for More Numbers
We'll post some more numbers and observations in our Blog later this week from this important report. Suffice to say for now, as a market honed Las Vegas Realtor with some grit, we are calling this market at bottom - we have great affordability in this market and wonderful cash positive deals are available for homeowners and Las Vegas real estate investors.

John and Ruth Ahlbrand, Co-Founders of RE/MAX CENTRAL of Las Vegas
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Analysis of Las Vegas Real Estate Market with Facts and Figures
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- "Local" as a term relating to real estate is morphing to micro focus, are, neighborhoods & street where home located very impt for anlysis.
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- Las Vegas Real Estate is holding its own and we expect to see more positive news about it moving into 2010 based on client feedback.
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- Las Vegas "brand" still has high impact; we are best destination for N/Years Eve: http://bit.ly/61C93k #lasvegasrealtor #lasvegas #realtor
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- November Sales 4 Las Vegas Real Estate been released & our market is heating up again; get the facts: http://bit.ly/7dP5Wo #homes #realtor
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