Inventory Keeps Getting Lower and Sale Pricing Keeps Getting Higher!
SnapShot of the current market in Las Vegas today…. Its’ RECORD BREAKING Highs and Lows
UpDated: April 10, 2013
MARKET HAS SHIFTED TO A SELLER’S MARKET
~~There are prevalent bidding wars and multiple offer situations on properties. (Up to 30 offers within days of list—seen up to 80 offers–Most cases property is removed from the market to stop additional offers flowing in to seller)
~~Sales price is increasing — Appreciation — Trending Upward – [SEE BELOW CHART & ZIP CODE APPRECIATION MAP] Ticor Title – Las Vegas
~~New Home Builders Sales Pricing is increasing
~~Inventory is very very low and continues to decline [SEE BELOW MLS INVENTORY WATCH CHART]
~~Seller’s Net is King
MLS INVENTORY WATCH CHART — Las Vegas, North Las Vegas, Henderson
Although Las Vegas is experiencing appreciation and low inventory, the Las Vegas pricing is still low now. A buyer may expect a unprecedented great deal today in one of the most exciting cities on this planet! Fabulous Las Vegas!!
Julia St. Marie, RRG, ABR, RSPS
Phone: 702-355-H-O-M-E (4663) Email: LVRealEstateLady@yahoo.com