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Buying New Las Vegas Homes - Las Vegas Home Builders' Sales Rise
New Home sales in Las Vegas are on the rise, and said to be up 42% over last year. While not anywhere near the numbers built during the boom years it's been a significant increase. Pricing on both new and resale homes has also been rising, as well as vacant land sale values as Las Vegas home builders scramble to find new parcels to develop.
But some are asking why? There are plenty of homes available in the Las Vegas Valley, tons of foreclosures and short sales, vacant homes everywhere! That's the impression so many have from the media and online comments, but in the reality of the Las Vegas real estate market, it's far from true. Resale homes available for sale in Las Vegas have been hovering around 4,000, roughly a six week supply. While many more may be seen at online search sites, the vast majority are already under contract.
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Since you're likely reading this because you have an interest in new homes in Las Vegas, let me add this important bit of advice before I continue. I know many are unaware, and have had contacts from new home buyers who really needed a buyer's ... more
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