In Jan. 2008 there has been a total of 19,777 Single family homes and 5,320 condos for Sale in the Greater Las Vegas area. From this only 20% of the Single family homes and 16% of the condos have been selling.
Comparing to the same time last year there has been a drop of 39.5%. This has caused the number of foreclosure to increase in the Las Vegas Valley. The predictions would be that the Las Vegas area will still be a soft market till at least the early part of 2009. With the interest rates coming down more and more this will create a tremendous buying opportunity for those that have been sitting on the sidelines.
Real Estate Agent with over 17 years of Sales and Marketing experience. Specialize in Green Valley Ranch, Anthem and Seven Hills of the Greater Las Vegas and Henderson area....
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