Las Vegas REALTOR: RE/MAX CENTRAL of Las Vegas

Las Vegas Realtor Market Analysis

Our Las Vegas Realtor Market Analysis is based on these trends that we have identified:

$1.2B refinancing for Trump International Las Vegas – a non gaming, non smoking hotel rooms; underscores confidence in the market, beautiful location, across from Fashion Show Mall here in Las Vegas. Donald Trump just quoted today: “you couldn’t get this type of financing a year ago…..”
Yes, our unemployment is 12-13% based on our Las Vegas Realtor Market Analysis; however,…

HAFA Program Impacts Las Vegas Real Estate

The Federal Government Programs enacted in the last 18 months are having minimal impact on the overall Las Vegas Foreclosure market as well as nationally. The programs are just not gaining traction in the market and the impact is just not significant when you take a hard look at the numbers.

Case in point, the $75 Billion (yes that’s “Billion”) foreclosure prevention program has only helped slightly over 100K homeowners in…

DATE 3/12/2010 LAS VEGAS REAL ESTATE HOME SALES

Active All Listings 22,698
Active & Contingent Regular 5,166
Active & Contingent REO’s 3,145
Active & Contingent Shorts 14,345

Pending Sales All 3,027
Pending Sales Regular 659
Pending Sales REO’s 1,576
Pending Sales Shorts 788

Sold YTD All 7,288
Sold YTD Regular 1,562
Sold YTD REO’s 4,058
Sold YTD Shorts 1,652

% Short Sales of Sold YTD 22.67% This Number Continues To Increase

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Las Vegas Foreclosure Assistance

Las Vegas Foreclosure Assistance is certainly needed by tens of thousands of residents around Las Vegas. We know of a number of resources that are publicly and freely available, including the Nevada Foreclosure Help run by the State of Nevada.

Here at RE/MAX CENTRAL of Las Vegas we are now offering free, no strings attached Las Vegas Foreclosure Assistance in our office via an attorney who is working standard business hours. Just…

Optimism Emerging in Las Vegas

Optimism emerging in Las Vegas as capital begins to flow back into our market. In the last week we’ve seen a bidding war erupt for General Growth Properties, a real estate development company with very large land holdings here in Las Vegas, commercial developments and five shopping malls located in and around Las Vegas.

Just announced this week, several large Wall St. Firms are extending a large amount of funds to MGM…

Las Vegas Builders Shifting Model

In this challenging economy across the US many builders are having a difficult time and our Local Las Vegas builders shifting model to better leverage opportunities that are presented to them. Many builders, including a large number here in Las Vegas, are going to work directly for Banks and Financial Institutions as contractors. This is dramatic change from years past.

New Home Builders Perspective

The number of single family Las Vegas homes…

Las Vegas Homes

Our Foreclosure Bus was featured via the Wall St. Journal today coupled with an article that was not well researched or written. The overall tone of the piece was negative to say the least and we disagree with the takeaways that most readers would have after reading.

Las Vegas Homes

First and foremost, just because investors and others are having a challenging time finding a bargain Las Vegas Home is not…

Las Vegas Homes Inventory- More On The Way

Over 57% of the trustee sales were postponed last year and only 19% cancelled. This reenforces what we expect to happen starting in this month.

The Banks will be releasing more foreclosed homes for sale. The Banks will not flood the market. The Banks will release enough to be aborbed without effecting the current market value of homes. The Median Home Price in January was $125,000.00. This has not fluxuated below $123,000 for the past 8…