Applied Analysis says the number of existing homes on the market was 22,096 at the end of August.
That's 6,672 or 23 percent less when compared with August 2007. There were 7,339 homes under contract at the end of the month, the highest level in more than a year. However, 4,297 are contingent, which in many cases are short sales waiting for bank approval. Also, 3,042 sales are awaiting closure.
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Has the market hit bottom in Las Vegas? Not by far, some local realtors say. However as a consumer you may want to avoid trying to time the market and take advantage of deals on homes that are bank owned by as much as up to 50% off of the market highs in The 05-07 levels.
Call 702-217-1680 to discuss your investment opportunities In Las Vegas.
A report on housing prices by Global Insight says that although prices for single-family homes are still heading downwards across the country, the rate of decline has gone down and "extreme overvaluation of house prices is essentially non-existent."
This is good news...the consumer needs to know that now is the time to start buying. Between a wild stock market, and the presidential election things are going to be ok.
As In earlier blogs I have written, I predicted the oil bubble bursting would happen eventually and could have a great affect on home sales and the economy. I credit this to a possible return to the norm.
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U.S. Mortgage Foreclosures, Delinquencies Reach Highs
This report is really happening in the US today. yea yea yea....I know what you are thinking, I've heard all this song and dance before you may say but I am still excited because people are buying and looking for deals like never before. Opportunities are still out there. It is all how you want to look at it. It's up to me to deliver what these people are looking for or they are on their way to another realtor.
People all want value these days in real estate...they want the best price, and area they can get for their money. I have a question for my subscribers: Are you giving people what they really want or what you THINK they want?
Call Steve Harless today if you are interested in buying distressed or foreclosure properties today - 702-217-1680. He WILL Listen to your needs.
Relocating to Las Vegas can be frustrating and stressful especially if you don't know anyone and have never been here except to vacation. If you are thinking of relocating to our wonderful city, and are looking to purchase a home, please feel free to contact me, Steven Harless at (702) 217-1680 and I will be glad to assist you with your relocation plans.
Just before your scheduled upcoming move to las vegas, click on the links below to get a head start on organizing your move and for helpful tips to relocate your family Las Vegas.
Las Vegas High Rise Condos
Las Vegas Homes For Sale
Las Vegas Property Search Las Vegas Crime Mapping Information National Alert Registry
City Of Las Vegas - Relocate Your Family
Department of Motor Vehicles
Nevada Power Company
Southwest Gas Company
Sprint Telephone
Cox Communications
Las Vegas Review-Journal
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This May Be The Opportunity You've Been Waiting For! August 30th, 2008 Prices Of Homes In Some Parts Of Las Vegas Have Dropped Almost 50% In The Last Two Years. Shown Below Are Examples Of Bank Owned Properties For Sale: Luxury Condo Near Las Vegas Blvd 2Beds/2Bath 1184 SQFT - $464,900 (Bought For $749,000 In 04/2005) 2 Story Home 3 Beds/2.5Baths 1 Car Garage 1277 SQFT - $104,900 (Bought For $223,915 In 03/2005) 2 Story Home 3 Beds/2.5Baths 2 Car Garage 1366 SQFT - $179,900 (Bought For $265,670 In 04/2005) 2 Story Home 4 Beds/2.5Baths 2Car Garage 2039 SQFT - $184,900 (Bought For $321,952 In 09/2005) 2 Story Home 5 Beds/3Baths 2Car Garage 2315 SQFT - $280,000 (Bought For $333,770 In 03/2005) We Have Access To Over 5,000 Bank-Owned Properties In Inventory In The Las Vegas Valley Area!!! Call Steve Harless - 702.217.1680 |
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