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Housing inventory in Boulder City

By
Real Estate Agent with Universal Realty, Inc.

At least once a week, someone asks me, So, how is your real estate business doing?  How is the inventory in Boulder City?

 

I'm going great!!  I enjoy repeat business and referrals, and I am happy to report, we do not have excess inventory in Boulder City!  We have fewer than 200 properties for sale.  This is normal for us.  We always have people ready to buy a property if they can find the one they like from our small inventory.  And, once they get over "sticker shock" they usually go ahead and buy in Boulder.  If not, Henderson is just over the hill.

 

The quality of life in Boulder is not the same as in Las Vegas.   There is no gambling in Boulder City.  There are a lot of retired people.  Some people have lived here for 50 years -- that's stability.  It's a lot like junior high school -- you know the people around you, you watch out for your buddies, there's someone older for advice, there are clubs to join, you don't feel lost in a big pool of strangers.

 

The other questions that I hear often is, What are interest rates doing?  They are hovering around 6.5% which is a bargain!  Do you remember the interest rate before 9/11?  It hovered in the 8's.  8% or 8.5% was thought to be a good rate.

 

The first home that I bought here was financed with an ARM (Adjusted Rate Mortgage), which started at 13% and went up to 16%.  No wonder we think 6.5% is great! 

 

Yes, I am still excited to be a real estate agent in 2007.  Inventory is reasonable and interest rates are low.  Southern Nevada is in high demand.  I'm happy serving the people who come to me.  Let me know if there's anything I can do to help you with your real estate goals.  If you're dreaming of real estate, let me show you how to transform a dream into a goal, and how to achieve your goals.  It's a step-by-step process and it works!