Las Vegas Real Estate Specialists: May 2014

Friday, May 23, 2014

We have seen a lot of changes in the Las Vegas Real Estate Market.

And it is still changing now.

10 years ago we saw the market take off, "The Boom"

The economy took a turn for the worse and so did the Housing Market, "The Bust"

Foreclosures Properties dominated Home Sales.

Then Home Owners saw a way out in Short Sales.

Investors and Cash Buyers took advantage of Low Prices.

The Market has since started to recover and prices are again on the Rise.

Short Sales and Foreclosures are fading away.

Rising Prices have shrunk Investor Profits.

And Now...

Traditional Sales (Classic) are taking over the Market.

Development and Jobs are coming back.

People who loss their homes a few years back are Buying again.

Prices are rising at a reasonable rate.

We are transitioning back to a more "Normal Market"

Information provided by

Yes I know... I show these graphs quite regularly.

But they do a great job of showing what is going on with our market.

Prices are again on the rise.

Before you everybody gets too excited and starts yelling "Bubble!"

Take a look at the 2nd graph showing the last 15 years.

I added the Red which would be a modest 4% annual growth.

We are still below where we should be and no where near the actual "Bubble" of 2007.

The Market Activity also seems to be stabilizing, but still very Active.

And Rates are Falling.

It's going to be a Hot Summer for the Las Vegas Real Estate Market.

We are focusing a lot of our attention on Marketing Listings.

We have started creating individual Websites (for PC and Smart phones) for all our Listings.

Our Listings get Interactive Sign Riders that Direct Buyers to the Websites and Virtual Tours.

We are Uploading Only High Resolution Images.

We List ALL of our Listings on Over 100 different Real Estate Websites.

And now we are Offering Arial Virtual Tours.