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Consumers, investors and even other Realtors have been debating this issue for many months. When or will banks release a huge “tidal wave” of foreclosures in to the market? But, what if this does not occur? We are not so certain that it will – perspective on our market as of early Fall of 2009.
Las Vegas Foreclosures May Stay at High Levels
One possibility is that Las Vegas Foreclosures may stay…
Approximately 50-75% of the homes sold in Las Vegas the last 60-90 days have been Las Vegas Foreclosures. Our advice isn’t fixed in stone, as our market is certainly evolving rapidly. But, should help to give you perspective on buying a Las Vegas Foreclosure.
Las Vegas Foreclosures – $50-150K Price Range is Hot
There is a great deal of competition in our market right now, especially in the $50-150K price range, with…
The Las Vegas Home Inventory continues to drop. We had 20,423 homes listed for sale for the month of July, which represents a slight drop from the month of June. We don’t read a lot into this, just a positive trend that our market is continuing to improve. Here is a graphic showing trends for Las Vegas Home Inventory to date:
Executive Summary on Las Vegas Homes Market