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It’s good to report that Las Vegas Real Estate numbers are improving, as we are seeing double digit increases in home prices in some areas. Approximately 15 out of our 57 zip codes showed a double digit increase for the second quarter of calendar 2010.
The other side of this coin, price erosion is still occurring; but, this is mostly in neighborhoods with high end homes, in the $300-500K price range. The…
Over $4.4 Billion in Las Vegas Homes Sold this year. Average days on Market:60 Days.
Over 13,400 of the 29,530 homes sold this year were foreclosures.
Las Vegas foreclosed homes on the market are increasing again. Out of 25,938 available homes on the market, 4,388 are foreclosed homes. In April, the foreclosed homes on the market were 2,799. The number has been inching up most of this year. The number of short…
The Las Vegas Real Estate Market is shifting from one that has been foreclosure-driven for much of the past 18-24 months to Short Sales. Why is this occurring? Simple question, with a complex answer.
Banks and Financial institutions are shifting to Short Sales for a couple of primary reasons: first, they make more money, as the homeowner can stay in the home and they don’t have to put the house in…