Las Vegas in the Top 1/3 of Counties to Live in, In the USA

The New York Times put out this Interactive Map.

Showing every county in the Nation, Ranked by

 Education,  Income, Unemployment Rate, Disability Rate, Life Expectancy and Obesity.

To get full use out of this Interactive Map

Click HERE

Home Values Compared to One Year Ago...

This is always fun to look at.

But please take these numbers with a grain of salt...

For Example... 89134 and 89144 are both in the heart of Summerlin,

And both are excellent neighborhoods. But you can see a 13% difference in change.

89074 and 89014 are both Green Valley and have a 27% difference.

It only takes a couple of Million dollar homes to skew these numbers.

But you can definitely see a lot of positive growth throughout the town.

 

These next two images show a transition in the market 

from Cash Buyers buying Foreclosures and Short Sales,

to a more Traditional Market with far less Cash Investors.

Why the change?

The Local Economy has got better.

Property Values have gone up.

Most of the people who are going to lose their home, have.

Investors are not getting the rate of return they were last year.

Nevada Economic Condition Showing Improvement

I use this Graph regularly to show what is happening with Home Prices in Las Vegas.

It shows a strong upward Trend that is happening right now.

In my opinion, this is a very good sign.

But some people look at it and say,

"This is another Housing Bubble and it will Pop... Again"

So we need to put this growth into perspective.

This graph is from 2010 and on.

The next graph shows from 1990 and on.

When you look at the high Home Values in 2006,

compared to the little bit of growth we are having now,

To me it is more of a recovery, not a bubble.

But in doing my due diligence, 

I went to the UNLV / CBER website to look at the 

May 2014 Economic Reports. (see below)

Las Vegas is seeing upward trends in the 3 main indicators in the report.

Business, Tourism and Construction are all seeing a similar Growth / Recovery. 

The Market is Always Changing... So where is it now?

 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

Get Ready for A Hot Summer of Sizzling Sales!

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.

Using The Latest R.C. Drone & Go Pro Cam Technology, To Sell Houses

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.

Click HERE  to View Our New Listing Arial Video Tour.

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