Real Estate Information Archive

REALTOR Magazine published today a short news story about the 10 most undervalued real estate markets in the US.  Las Vegas real estate was #1 on this list by a followed by Vero Beach, FL at number 2.   With home prices now hovering about 65% LESS than their peak values, the pendulum has moved to past a reasonable price correction to extreme as shown here with our now most undervalued honors.  Contact me to BUY TODAY!

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Great 4 plus minute video on Consumer demographics, technology, and the RE/MAX system and the agent within it.  In Las Vegas, the RE/MAX Agent closely resembles the national average.

Déjà vu on the headline?  You bet.  This week, it was announced Las Vegas home affordability is nearing an all-time high.  The number of Pending Sales in the Las Vegas market  at a almost 3 year high.   Why the big increase in sales?  Rates under 5%, home prices off 55% from their high, and plenty of selection are all factors.  Closed sales are up 105% versus last year to date.  The luxury segment is the low point of the market, off 59% from last year.  Total inventory of homes is down 7.7% in past 9 weeks.

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For Sale: Homes 60% Off!  Some even more.  Las Vegas prices continue to drop as the median price of a 1500sf home is nearly 60% off its peak of $295,000 to $123,950.  That’s a monthly payment less than $950.00! Great news for those locked out of the market for the past few years.  2500sf homes dropped more than 7% in the last 30 days after increasing 2% the month before.  February marks the eleventh consecutive month of price declines - but  the end is in sight.

CLICK HERE TO DOWNLOAD FREE MEDIAN PRICE REPORT