Las Vegas Real Estate is selling! Our sales increased again for the month of May, which is the fourth straight month reflecting an increase. Homeowners and investors are staring to take advantage of affordable Las Vegas Real Estate.
We are having no problems finding Las Vegas real estate for investors that is cash positive and also generating a better return than more conventional investments!
Las Vegas Real Estate Overview
Clearly our market is starting to get much healthier. May was the first month of this year when the median price point did not drop. Of equal importance, home prices have increased; Las Vegas real estate sales are up approximately 61% from 2008 to 15,728 homes sold through May 2009.
Las Vegas real estate inventory levels are lower than a year ago, which is a positive sign for our market as well. Now that the government moratorium is over, banks will be releasing more inventory; but, we believe it is in their best interest to make these homes available on a scheduled basis.
Las Vegas real estate does not reflect what is being conveyed in the national media – their drumbeat of negativity is not consistent with what is occurring here in Las Vegas. Las Vegas is different, the Las Vegas real estate market is fast moving and it is beginning to have a positive impact on our retail activity as well.
Las Vegas Real Estate Affordability
Hotel and Convention business is starting to rebound and we know this in turn will have a positive impact on new jobs. Also, we believe as we move through this year some of our development projects that have been on hold will be restarted, also driving new job growth.
Timing is everything when you look at Las Vegas Real Estate. We have levels of affordability not seen in 3-5 years in terms of cost per square foot. Call us today 877.360.2030 or email info@LasVegasRelocation.com or click here for our web site: LasVegasRelocation.com
