Las Vegas Short Sales dominates all pending Las Vegas Real Estate Sales and we believe this trend will continue and possibly accelerate as we move through 2010. The increase in Las Vegas Short Sale means that banks are more willing to work with distressed homeowners and be more flexible on price reductions. This in turn helps to minimize Las Vegas Foreclosures.
Las Vegas Short Sales
Of the approximately 13,403 current pending sales based on the Greater Las Vegas Association of Realtors (GLVAR), just over 60% of these are Las Vegas Short Sales; the GLVAR lists approximately 2,305 REO properties, which is much lower than this time a year ago.
Las Vegas Real Estate
Our median priced home according to the GLVAR was $165,000. in December of 2009, contrast this with the December 2008 price of $204,000 – shows how affordable Las Vegas Real Estate is to many that up till now considered Las Vegas Real Estate out of their reach!
Please call us (877.360.2030) or visit our web site - if you are an investor please be sure to request our informative “market snapshot” Power Point Presentation that will provide you with a good overview of Las Vegas Real Estate.
