Based on number released by the Greater Las Vegas Association of Realtors the median price for a Las Vegas Home is now approximately $140,000. This price is truly affordable for people who are up and coming in their careers or just starting out – many families now have the ability to buy a Las Vegas Home, versus years past, when most were priced out of the market for even a starter home.
We believe “Affordable Las Vegas Real Estate” trumps all other issues, including unemployment levels and all of the negative press Las Vegas has received the last 18-24 months as being the epicenter of foreclosures here in the US.
Also, don’t forget our new housing starts are at some of their historic levels, which helps to drive consumers to purchase a resale home; there simply isn’t much new home inventory coming on the market and being built.
Investors Continue Driving Affordable Las Vegas Real Estate
Approximately 40% of our sales each month are from all cash transactions. This high volume of cash transactions is primarily generated via investors, who are moving back into our market in an aggressive manner. This statistic also underscores the levels of affordability that we have in Las Vegas! And, we should add many of these completed transactions reflect multiple bids.
We don’t see this trend changing anytime soon – savvy investors have the ability to purchase cash flow positive homes here in Las Vegas and they will continue to do so based on the quality of living we have here and the perceived value of Las Vegas Real Estate.
Call, Tweet or email us today – we have some great deals on Affordable Las Vegas Real Estate
