LAS VEGAS REAL ESTATE | HOMES FOR SALE IN LAS VEGAS | LAS VEGAS NEW HOME

Las Vegas real estate market update & resale home sales for November 2008.  There were more than 60 percent of homes listed in the multiple listing service as bank owned resale properties.  With 2008 being one of the worst home sales years it will take a while for the market to rebound.

Nationwide news chronicle reports mortgage rates keep dipping.  Many home owners took advantage of the almost 5 percent rate recently and are seeking a home refinance.  Will this be a push the market needs for an economic stimulus?  Or is the worsening economy negated by the benefits of the rates in the very heavy foreclosure glut of Las Vegas Nevada real estate?

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Las Vegas real estate market update and resale home sales for October 2008.  Do we see light at the end of the tunnel?  Home prices seem to have reached the lowest and month to month sales have increased.

Big housing market new this past month was the low amount of only 329 new building permits for North Las Vegas, Henderson and Las Vegas, Nevada.

Continue reading Las Vegas Real Estate Market Update & Resale Home Sales For Oct 2008

Las Vegas land prices plummet near a record devaluation of 74 percent due to the real estate market and higher than normal commercial real estate vacancy rates.

Third quarter real estate sales this year have been 427 acres for an average price of $524,725 an acre.  This is a massive decrease from the 2007 same quarter totals.

Continue reading Las Vegas Land Prices Plummet Near A Record Devaluation Of 74 Percent

Las Vegas real estate market update and resale home sales for September, 2008.  Falling home prices and a big drop in sales shows a continued weakening of the residential real estate market.

New homes sold in Las Vegas, Nevada for the third quarter was 2,545 units.  Year to date showed a decrease of 50 percent or 2,546 new homes.  The strongest quarter with 11,198 sales was registered in the fourth quarter of 2005.

Continue reading Las Vegas Real Estate Market Update & Resale Home Sales For September

Las Vegas real estate market update and resale home sales for August, 2008.  Residential foreclosures and short sales account for nearly 80 percent of residential real estate sold on the multiple listing service.

Las Vegas home sales through August equal 18,720 homes a decline of two percent.  New homes sold equal 7,324 units or a decrease of 48.3 percent year to date.  August had a total of 829 new homes sold in Las Vegas, NV.

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Las Vegas real estate market update and Las Vegas homes sold for July 2008.  Las Vegas home sales in July increased to 2,592 units.  This is the most sold since almost three years ago, Sept. 2005.  The Greater Las Vegas Association of REALTORS reported 23,423 homes remained in inventory.

Due to the high amount of short sales and bank foreclosure homes, inventory has fallen 2.8 percent and reported sales in the mls almost doubled from the same time year to date.

Continue reading Las Vegas Real Estate Market Update and Las Vegas Homes Sold For July