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sales: Has Las Vegas Real Estate Hit Bottom? - 09/19/07 05:12 PM
I was just reading Richard Lee's latest article that says less than 30 units separate total sales figures for the last four months. This usually signifies the bottom of the market, however he also noted that until we see the upward swing, foreclosures are going to be the reality.
To go along with that, today's news of the fed lowering interest rates by 1/2 % is good news for all in Las Vegas wondering what is going to happen next.
As Richard says, September data is what we are truly waiting for to read the future. Of course, they won't be available until October.
On … (0 comments)

sales: Las Vegas Real Estate Stats... Do the math. - 05/30/07 06:15 PM
I'm going to show you some numbers that will give an idea of what is really happening with the Las Vegas housing market and not a bunch of speculative PR junk. At the end, however, I will do a sales pitch. ;) 
25,018 Homes, Condos and Townhomes for sale in the Las Vegas valley (Las Vegas, Henderson, North Las Vegas, etc. not including Boulder City or Pahrump) GLVAR MLS right now.
2,117 solds in the las 30 days.
That gives an absorption rate of 11.82.
What that means is a property listed today should sell in about 11 to 12 months... in a mathematical world where no new listings are taken. Some other factors to consider are area, … (0 comments)

sales: Las Vegas Single family Sales Statistics for April 1st - 30th 2007 - 05/14/07 12:21 PM
Click here for a full report on Las Vegas Real Estate Sales Statistics
To find out what your home is worth click here.
To get properties emailed to you the second they are listed click here.
… (0 comments)

 
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John Calvert

Boulder City, NV

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Desert Sun Realty

Address: 1220 Arizona St, Boulder City, NV, 89005

Office Phone: (702) 293-0001

Cell Phone: (702) 324-7133

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Las Vegas Real Estate reports, appreciation and events that affect the housing market.


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