If you've been following my blog you know that Las Vegas home sales have been on the rise for quite some time. The pricing from the downturn combined with low interest rates has made homes in Las Vegas very affordable. From basic tract homes and condos all the way to the ultimate in luxury executive homes, there are super deals to be found. Not just in foreclosed properties, but in resale homes, as well. Of course if you've been following you know that you don't have to pay for Las Vegas foreclosure lists to find these home values.
This incredible pricing has also attracted the home investors, from individuals to investment groups. Fortunately it appears that most are serious investors that allow appreciation over time, not the flood of very speculative quick flippers that overinflated the market during the boom.
I've posted before about the Canadian Invasion of Las Vegas, there are a large number of our neighbors from the north that have been purchasing second homes and condos here in the Las Vegas valley. Just the other day, a KLAS TV8 news report was about a Canadian Investment Group that has purchased 27 properties and could possibly buy as much as 30 more.
Their reason for settling on Las Vegas? While they could go anywhere in the country, they feel that Las Vegas provides the best opportunity for future appreciation. You can hear the remarks in the KLAS video. The full screen control is on the bottom right and you can use the esc key to return.
This increased activity is something I've been experiencing for some time. My home buyers have been seeing it as well, as they are usually caught in the mix of multiple offers on properties. After writing a few offers, I usually hear the "you were right".
Properties are often very well priced, and going in at or below list on an exceptionally valued home may lead to disappointment. In many cases the listing price appears more like an auction starting bid, and the competition stiff. This is where you have to know what true comparable values are, for buyers can make a solid offer, but without overbidding.
If you're interested in Las Vegas homes, either as a home buyer or investor, at the very least you should be doing some serious shopping right now. You might also need to experience the learning curve often involved in the exceptionally valued properties that can be found in Las Vegas today.
If you are interested in relocating to Las Vegas or would like more information on Las Vegas real estate, please email me, Roberta LaRocca, at email@example.com,
or call 702-354-8988. I look forward to hearing from
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