Las Vegas home prices have been increasing this year, and that is great news for many Las Vegas homeowners, bringing their homes value up and many now have equity instead of being underwater, but there are still a lot of homeowners who may not have the time to wait and see if prices continue to go up and may never see home prices rise to what they may have paid during the boom years.
There are still a bit over 7,400 Las Vegas Short Sales on the market, with most of them still under pending contract waiting on the bank to issue a short sale approval letter so the deal can close.
Of that 7,400 only about 370 of them are Not under contract. That is about 50% less than where we were last year.
That is good news, but reports from many still estimate about 40-50% of Las Vegas homeowners are still underwater, with a good amount of those homes in the North Las Vegas area.
Zillow has even come out with their Zillow Negative Equity Chart that will give ballpark % estimates. If you want to know what your home could sell for in today's market, just click here What is my Las Vegas Home Worth or give me a call!
Call to let me know what location you would like, price range and email me your pre-approval letter or proof of cash and we will get you started on finding you that home in your best location!
By: Dawn Barrier
Las Vegas Short Sales News June 2013: Short Sale Homes For Sale in Las Vegas, Nevada