Comments on: Is Las Vegas Real Estate Showing Signs Of Life?

By: cedar city real estate

cedar city real estate — Thu, 16 Oct 2008 11:49:53 +0000

And the only market worse then Las Vegas is……..St. George Utah! Yep we got hammered even harder then Las Vegas. It is good to see Vegas may be rebounding a bit though because that should mean we should start picking up in Southern Utah.

By: Las Vegas Real Estate Guy

Las Vegas Real Estate Guy — Sun, 01 Jun 2008 04:27:18 +0000

Historically it’s the busiest time of the year, sales wise. Prices are stabilizing and actually going up in a few places.

By: Nadine

Nadine — Thu, 29 May 2008 07:19:58 +0000

So the challenge is to find any growing up market. I know it’s difficult, especially now when we are facing economics resesion.

By: Felipe Crook

Felipe Crook — Thu, 29 May 2008 01:49:21 +0000

Richard, as a real estate professional in Las Vegas, I couldn’t agree with you more. I have been working with many clients and investors looking to capitalize on the foreclosure market here. I ALWAYS check with the listing agents to see how many offers are on their foreclosed listings. In very desirable areas, I’m seeing as many as 15 offers in on a property. It reminds me of the market in 2004.
The trickiest segment of the market right now is from $500k-$1million. But even then if the properties are priced well for the area they are still selling.
Great post.
Felipe Crook
Prudential Americana Group Realtors.

By: nuShack

nuShack — Tue, 27 May 2008 22:58:48 +0000

I lived in Las Vegas for about 18 months back in the early 1990’s. That whole decade was growth and rising prices (like most of the US). It seemed half the city (on the strip and off) was under construction. It’s a great place to live, I hope that the market balances out soon.

By: Robin Lee - Reno Real Estate

Robin Lee - Reno Real Estate — Tue, 27 May 2008 22:27:36 +0000

Up here in Reno, prices are much more affordable than they used to be. I am hoping that many folks will see the better prices and start demanding more homes.

By: Matt - Trading System Reviews

Matt - Trading System Reviews — Tue, 27 May 2008 05:05:43 +0000

You should also consider that this is simply the first leg of the down. In all markets you rarely see a smooth upward or downward curve, there is always a period where people think to themselves “It’s gone down a long way, it can’t go down much more I’d better buy now” It’s often simply a case of people have gotten used to prices on their seemingly never ending upward rise – take a look at the graphs at the end of the last real estate bull market.
I’d be wary about committing too much to this bounce unless you can ensure a very good rental yield to support you through the likely raising of interest rates and the reduced refinancing options.