April 23... Las Vegas RE Market Trends

The Las Vegas Real Estate Market is starting to look like it is going to Recover.

Time will tell.

What happened to all the Bank Owned Foreclosure Listings?

About two years ago, the banks realized that Foreclosing and Selling their own Properties,

is a very expensive process.  Shortly there after they began allowing Investors to purchase

these Properties, at a discount, at the Trustee Sale Auctions.

They also began building up their in house Short Sale Departments.

This graph does not show the rise and falls of the number of foreclosures,

just the percentages of how they are being sold.

Everyody is waiting for the "Psychological Bottom"

Keep in mind these are National Averages.

The seasonal trend really stands out.

Everybody is waiting for the "Bottom of the Market".

They can't be waiting for lower interest rates...

Do they think prices can get any lower?

International Buyers see Las Vegas as a "Hot Spot"

Click above to view this extremely detailed report on

where International Buyers are Investing their Money.

Most International Buyers are looking for something for themselves,

either a primary residence or a vacation home.

Not so sure what "Both of the above" is...