Las Vegas Home Prices Continue To Fall

By
Real Estate Agent with Simply Vegas

I wanted to take a few minutes to share some interesting info on the Las Vegas Real Estate market with you. The most common question that I get is “why should I buy real estate in Las Vegas now when it appears that the home values are continuing to fall? First things first, to determine where the bottom of a market is you will have to have already passed it in order to recognize it as the absolute bottom.  In other words you don’t see the bottom until you’re making the climb back up. Another question that I get is “when will home prices beginto appreciate again?” I can’t answer that question as I do not predict the future with a crystal ball but I can say that some areas in town have shown positive changes in values from 09 to 10. Investors have to change their mindsets in today’s market as the untraditional ways of investing in RE are dead and investors are now forced to practice the time tested investment model of buy, hold and then sell at a predetermined time. 


Buyers in this market should plan to hold their investment for a minimum of 5 years to allow the market time to correct it self. To give you an examples of the cash flow opportunities that are available. Right now there is a 1 bedroom condo available near Summerlin near freeways, shopping etc and its only  going for $29K. This condo is currently rented for $600 per month, property taxes, HOA, management, insurance and other expenses run you about $2900 annually. Annual income for this property rented over a 12 month period at $600 will bring in $7,200. Annually that is a return of 14% on your money. For more information about the Las Vegas Real Estate market feel free to call me direct (702) 542-1883 or send an email to turnermakea@cox.net for a copy of the Las Vegas Home Appreciation Rates Report follow to the link below and watch the short video to find out how you can get a FREE copy today!http://www.youtube.com/watch?v=u_eYjZaQjr8&feature=channel_video_title

Makea Turner
Keller Williams Realty Southwest
(702) 542-1883
follow me on twitter: twitter.com/makeaturner
connect with me on facebook: facebook.com/makeaturner

Comments (2)

Eric Crane -- Your Full Service, Discount Fee Realtor®
DPR Realty LLC - Gilbert, AZ
Greater Metro Phoenix Arizona

Excellent post, Makea.  I am doing the same exact thing in the Phoenix metro area.  There are areas here that are cash flowing for the first time I can remember.  A unique opportunity for those with some patience.  The money is not earning anything at the bank, so we have a competitive advantage.

Jun 15, 2011 12:55 PM
Makea Turner
Simply Vegas - Las Vegas, NV

Thank you for reading my post. I am happy to hear that you are educated buyers  about the cash flow opportunity available in this market. Have a great weekend!

Jun 17, 2011 04:05 PM

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