
In the most recent activity update for July 2009 by zip code there was over 4,200 sales in July 2009 here in Las Vegas. The zip codes with the most sales in Single Family homes in the month of July 2009 were in North Las Vegas. The zip code of 89031 had 178 sales with an average sales price of $116,000. The zip code of 89032 had 137 sales in the month of July 2009, the average sales price for this zip code was $105,163.
To view the full activity update for July 2009 CLICK HERE. This 8 page report gives detailed information on the activity in the Las Vegas Real Estate Market by zip code.
Today I read an article posted on The Las Vegas Sun titled " Single Family Homes Catch Investors Eyes" Las Vegas Investors have been snatching up bargain properties left and right filing there Real Estate portfolio with NEW and resale cash flow properties. Las Vegas Investor purchased properties made up 37.4% of buyers in the Las Vegas Real Estate Market for the month of June 2009. Las Vegas Has not seen numbers like this since June 2004 with 39.4 percent of Investors in the Las Vegas Market and Feb 2006 where investors made up 37.6 percent of Las Vegas Home buyers in one month .
Investors are offering very aggressively on these properties and are out bidding other buyers in the market for Distressed Las Vegas Homes. Many properties are being put under contract within days of hitting the market. In many cases theses homes are getting multiple offers in on them and even selling for more then list price. In my opinion its still a Great time to buy and yes there are still many homes priced at a bargain here in Las Vegas. Here are a few tips for any one in the market Distressed Las Vegas Real Estate.
To read this full article posted on lasVegasSun.com CLICK HERE
For access to the latest Las Vegas Real Estate Market update by zip code CLICK HERE
Visit My website CLICK HERE
If you or anyone you know is interested in purchasing a Las Vegas Home for an investment, second home, vacation home or first time home buyer call me for a free list of available properties, questions, comments or a free consultation.
Makea Turner REALTOR with Realty One Group (702) 542-1883
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (National Association of Residential Real Estate Investment Advisors). For the week of July 29, 2009, data is obtained from the Greater Las Vegas Association of Realtors MLS.
Single Family Residence (SFR)
Condominiums and Town Homes (CONDO/TH)
Combined SFR + CONDO/TH
For More Information on Las Vegas Real Estate contact Makea Turner REALTOR, Certified Short-Sale Professional With Realty One Group (702) 542-1883 or you can email me TurnerMakea@cox.net You can also visit my website http://www.BuyOrSellLasVegasForeclosures.com
http:www.TheView99lv.com

MGM's multi billion dollar development City Center has had it's name in the news allot this year and we are just getting started. MGM is still trying to locate it's final billion dollars to complete the massive development which will offer residential High Rise Condos, a Casino Resort with 4k rooms, world renowned shopping and dinning. MGM has definitely set the standard for the years to come with this enormous development. Below you will find a news clip of the latest developments from MGM's City Center development and also an insight to the offer made by Boyd Gaming to purchase some of Station Casinos properties. The offer made by Boyd is not a surprise even though Boyd has had to stall it's own multi billion dollar development on the strip called Echelon. The local High Rise Condo market is awaiting the opening of MGM's City Center project at the end of this year. We are curious to see how many of their High Rise Condos will actually close escrow considering our current economic conditions. Enjoy the video and continue to visit this blog for all the latest news and information about the Las Vegas High Rise Condo market.
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