Las Vegas homes sales have truly been one of the hottest stories in real estate over the past several years! People are relocating to Las Vegas from everywhere to change careers, follow their dreams and raise their families. Like many areas of the country, it’s been a red hot market for a long period of time that is now cooling down a bit and returning back to normal growth cycles.

However, Las Vegas homes still represent an excellent value when you factor in the cost of a home versus the amenities our wonderful community has to offer and the projected long term growth for our local market versus many other markets around the U.S. In addition, thousands of businesses have relocated to our area in the last 6-8 years and Las Vegas has rapidly emerged as a major commerce hub for the Western U.S., which is fueling continued growth for Las Vegas homes.

If you are a buyer and are concerned about the current state of real estate here in Las Vegas, you should be aware that sellers will, in many cases, make concessions to buyers. What types of concessions are we referring to? Some are willing to pay closing costs so that the home sells quicker as an example - and/or work with a qualified buyer in a creative way to motivate their purchase.

If you are a buyer with good credit and stable employment you shouldn’t have a problem with financing. The other variable to weigh is of course interest rates – they have been rising for much of the last 12-18 moths, albeit in very small increments.