If you are an investor or prospective homeowner we have some excellent deals on Las Vegas Real Estate Foreclosures. Snapshot of the Las Vegas Real Estate Foreclosure Market:
We can sell you a Las Vegas Real Estate Foreclosure that will put you in a cash positive investment, with a return of 15-25% depending on your down payment, the type of home, etc.
June was a record sales month for Las Vegas Real Estate in general, with Foreclosures making up an estimated 40-60% of the total number of sales.
Sales of single-family homes and condominiums jumped nearly 87 percent to 4,702 in June from a year earlier, based on numbers released earlier this month via the Greater Las Vegas Association of Realtors.
Our rental market is strong; the average investment property is rented quickly, 2-4 weeks in most cases, due to the significant number of people who have lost their homes via a foreclosure and must turn to rentals
Depending on the home price, a builder cannot buy raw land today and build a house for what many homes are selling for in our local market – replacement costs for Las Vegas real estate exceed the price for a Las Vegas Foreclosure.
We are running out of Las Vegas Real Estate – there is only 35K acres left of land that can be developed in the Las Vegas Valley, the rest is owned by the Federal Government, only about 10% of Nevada is privately owned.
Don’t ignor the long view: Nevada is projected to grow approximately 49% by the year 2028, expanding by another 1.3 million people during this time period, while the US as a whole will grow by 22% – the majority of this growth will occur with Las Vegas real estate – now is the time to buy foreclosures.
RE/MAX CENTRAL is very focused on Las Vegas Real Estate Foreclosures, the majority of our Realtors are Certified Distressed Property Experts that have undergone specialized training to help you negotiate and complete this specialized Las Vegas Real Estate transaction in a timely manner.
