The Current Las Vegas Market The operative word for this month is “DOWN”! Closed sales prices dropped, but so did units closed. We are now fully 10% behind 2012 in closed units. And the clock is counting down on the Mortgage Debt Relief Act! Meanwhile there was not much change in the cash to financing situation … More Las Vegas and Phoenix Market Update – December 2013
The Current Las Vegas Market Single family residential (SFR) closings for 2013 lag last year by 9%. The SFR median closed sales price rose slightly to $180,000 as closing prices seem to be flattening just a bit. Additionally inventory continues to build to a point where there is a 2.7 month supply of Single Family … More Las Vegas Market Update – November 2013
The Current Las Vegas Market Single family residential (SFR) closings for 2013 continue to lag last year, but now only by 8.6%. The SFR median closed sales price dipped to $180,000 as closing prices seem to be flattening just a bit. Additionally inventory continues to build to a point where there is a 2.5 month supply … More Las Vegas Market Update – October 2013
Upcoming Property Management Permit Course First, I am going to shamelessly plug Americana’s Pre-Licensing Property Management Permit course that is approved by the Nevada Real Estate Division. This course is excellent for those who want to obtain their Property Management Permit or even for those who just want to learn more about Landlord Tenant laws … More Las Vegas Market Update – September 2013 – And Let’s Peek In on Phoenix!
The Current Las Vegas Market Single family residential (SFR) closings for July 2013 are nearly dead even with last month and last year. Meanwhile, YTD closings continue to lag last year by 10.3%. The SFR median closed sales price rose another 2.9% during July and is now $180,000. However, the average closed sales price of … More Las Vegas Market Update – August 2013
Is the Housing Recession Over? Fletcher Wilcox poses this question in his most recent Wilcox Report Update. In the end you will have to decide for yourself, but the update provides detailed charts along with a variety of resources to search for more information. Meanwhile, Phoenix continues to lead Las Vegas on the road to recovery by … More Phoenix / Scottsdale Market Update – August 2013
Are We Over the Housing Bubble Yet? My previous post offered charts and an analysis that dispels the notion that Las Vegas is experiencing another housing bubble. The chart below offers an additional perspective on the notion of a bubble by looking circumspectly at appreciation rates. Most would consider a 4% per year market value … More Las Vegas and Phoenix Market Updates – July 2013
The Las Vegas Bubble Machine We are beginning to again hear a great deal about the Las Vegas market being back in a bubble. Some fear we are doomed to experience inflated market valuations and prices simply because Las Vegas has managed to make a healthy rebound this past eighteen months. It’s certainly true that … More Are Phoenix and Las Vegas in Danger of Another Housing Bubble?
It’s Hot Again – Are You Drinking Enough Water? So how much water should I drink every day? It’s not what you think – it’s not the 8 glasses per day. One the low end: take your weight in pounds and divide by 2. That’s how many ounces we should drinking in a normal climate. … More Las Vegas Market Update – June 2013
The Current Las Vegas Market Single family residential (SFR) closings for April 2013 are up 3% last month, but YTD closings gained enough that total closed units only lag last year by 18%. SFR median closing prices rose 3.7% this month with the median closing prices of an SFR now at $167,000. Both the SFR … More Las Vegas Market Update – May 2013
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