The good news is that the number of Las Vegas Foreclosure Listings are dropping, when contrasted with last year. Based on reports just released by Realty Trac located in California, Nevada still has the distinction of being the number on Foreclosure market in the US for the first half of this year. But to underscore: Las Vegas Foreclosure Listings are dropping.
Las Vegas Foreclosure Listings
Las Vegas Foreclosure listings dropped the first half of this year by approximately 13% for the second half of calendar 2009 and by 6% for the first six months of this year. When you contrast these numbers with the rest of the US, we are in a better position, as foreclosure listings were up by 8% for the last six months of 2010.
Investors Snapping up Las Vegas Foreclosures
The pace of investors moving into Las Vegas real estate has certainly not slowed in terms of what we are seeing from our inquiries, as well as what we are hearing from other Las Vegas Realtors. Although the ongoing Las Vegas Foreclosure Listings is certainly not a positive thing in terms of our overall market. But, we do have demand for these homes from investors, especially in the $75-150K range of Las Vegas Homes.
Our market analysis indicates that Las Vegas Foreclosure Listings will probably continue to decline in terms of raw numbers, especially if large financial institutions like Wells Fargo shift to helping people to restructure their loans and or move to Las Vegas Short Sales. If we can help you find a great Las Vegas Foreclosure Listing please contact us today!
