North Las Vegas Home Sales: Financing by Price Range

Good Morning John, Stopping by to wish you a Happy Thanksgiving...

John -

Happy Thanksgiving!

In your data, I am surprised at the fraction of homes going VA at the middle price ranges.

Those investment buyers are hard at work.  Nice to have them clean out inventory.  Much of the lower priced inventory in my area wouldn't sell without cash investor buyers.  Home owner occupants don't have the resources for repairs and most homes wouldn't appraise with FHA or VA financing. 

Investors do a great job keeping your inventory current.

John,

I always have more calls for homes that come in under the 100K.  It falls off dramatically at that point.  And if you get into waterfront lot prices at $60K or less, it's about 80% cash buyers.. 

Cash is not gaining any interest in bank accts right now and buyers tell me they had rather have it invested in "dirt".. :)

John, Looks like investors are big players in all markets. 61.1% cash buyers at prices below $100,000 … very telling stats of your market activity.