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  • And they did. Prices go up on Las Vegas real estate.

    And they did. Prices go up on Las Vegas real estate.

    As I predicted in my posts in January here and here, prices for houses in Las Vegas went up. Look for more upward price pressure as inventory continues to drop to way below normal-market levels.

  • Oops, did the news media report the Las Vegas Inventory shortage yet? How about the demand?

    As a follow-up to my inventory post here from January. Here is more recent news:  The market in Las Vegas is way more robust and has been for many months then what the news media may lead people to believe; Las Vegas is on fire right now with multiple offers on any reasonably-priced property below $150K.…

  • Summerlin Pool Home

    Newer Summerlin home one of the largest lots in the subdivision. Sip your morning coffee on the master bedroom balcony as you take in the views. Or, cool off in gorgeous pool featuring a wet deck and jacuzzi, surrounded by $15k in travertine stone work. Open floorplan is great for entertaining or cozy up to…

  • Why Las Vegas New Homes Sales Will Rebound in 2012

    Why Las Vegas New Homes Sales Will Rebound in 2012

    My prediction is that this year there will be 15% more new home sales this year than last. According to the Southern Nevada Home Builders Association, 3,894 new homes were sold in 2011 which was the lowest amount in more than three decades. Some experts predict 4,000 new homes will be sold in 2012. And…

  • Glut of Las Vegas Home Inventory? You Might Have Been Misled.

    Glut of Las Vegas Home Inventory? You Might Have Been Misled.

    A common perception is that Las Vegas has a “ton” of inventory. For those that have been actively looking to purchase a property in Las Vegas, especially entry-level houses, have experienced the opposite. Lets examine the market to find out the reality: Take a look a the Foreclosure Filings graph below from ForeclosureRadar.com. This graph…

  • Foreclosure Filings in Clark County Halted

    Foreclosure sales have been on a steady decline for about a year in Clark County (Las Vegas), Nevada. However, since October the Notices of Default have all but stopped. This is due to new legislation requiring banks to attest that the are the legal beneficiary of the deed of trust and have the authority to foreclose.…

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