Las Vegas 2013 Appreciation Map by Zip Code

The Las Vegas Metropolitan Area had some very nice Appreciation in 2013.

On average there was a 30% increase in Home Values.

We hear numbers like this all the time, but take a moment to really think about this.

If you owned an average home of  $200,000

That would mean it is now worth $260,000

For many people throughout town, who were upside down and could not sell,

$60,000 is a substantial jump in price. They now have Equity.

For others who have wanted to upgrade, that $60,000 could be a 20% down payment 

on a $300,000 home. And with 20% down they would have no PMI.

If you are curious what your home is worth today.

Please give us a call or email and we can send you a current CMA.

To view a Larger Image, Click HERE

Setting Up for A Summer Surge - 4.5% Seems to be the New Sweet Spot for Interest Rates

Typically, summer time is when the Real Estate Market picks up.

It did last year at right about this same time. It took off.

Last month when we looked at these graphs it looked like the market was leveling off.

This month we have an obvious upward trend in both Price and Activity.

 

In my opinion...

 This is most likely going to lead to Higher Prices by the end of this summer.

If you or someone you know is considering buying anytime soon.

I would advise not to wait too long.

Currently we have a comfortable level of Inventory.

But when the feeding frenzy starts up, it becomes very difficult to get 

the "quality" properties that all other buyers want as well.

 

 

After several years of dropping Interest Rates,

In an attempt to spark the National Real Estate Market,

Rates have settled in at around 4.5%

Which is a Great Rate!

The Power of Technology - Search MLS on Smart Phone

New Las Vegas MLS Home Search App

Our New MLS Home Search App.

For Tablets, go to http://app.realtyonegroup.com/1YI3

To Download to Your Smart Phone

Text 1YI3 to 87778   

Click on Link in Text

It's FREE 

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