About Las Vegas' Chaco Canyon At Mountains Edge

Welcome Home To Southwest Las Vegas (Mountains Edge) Community:  Chaco Canyon!

• 862 Single Family Detached Homes
• Ranging from 1540-3818 Square Feet
• Built in 2006-2010 by KB Home

Immediate Chaco Canyon Community Amenities Include:  Greenbelt, Walking Paths & BBQ Area.

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Every once in a while when I don't know what to write about I go into my google analytics and see what keywords people used to find my blog. Since I shoot for people finding me "the long tail way" I can usually see questions in the keywords itself on a topic or two I have not yet covered.

Here is the question I saw today:

Hmmmmmm home price projection. I haven't given one of these in a long time. It's extremely hard to project where prices are heading. Too many variables: does the shadow inventory exist, where are interest rates heading, will underwriting become tighter, etc?!?!

BUT I can tell you where we have been!

The market (as a whole) has seen stability to slight, slight appreciation since late May to present. Some sub-markets are still seeing corrections, some markets have been swift moving seller's markets for a year now.

When you are thinking about buying or selling, the most important thing to do is make sure you hire a Realtor that knows the market that you are seeking to buy or sell in. They can paint you the best picture for your price point, area, type of house, etc. To me, it is not good (learned from my own mistakes) to NOT generalize about future predictions about where this road is taking us!

Here is the determining factor: the foreclosure (REO) inventory will continue to come on the markets, the question is, will buyer interest continue to remain high so that it can continue to absorb the inventory?