Kristine Dugan, ABR, BS, CRS, SFR
Your Resource for All Things Real Estate
Direct Phone: 702-332-7781 :: Email: info@HomeSearchVegasValley.com
April 2011 Vegas Valley Market Update
Posted on May 13, 2011
Fast FactsHoly Cow it is getting warmer and the home sales are starting to soar! In March there were 4,230 homes that sold. This is about a 22% (or about 1,000 home) increase from the amount of properties sold in February. That is significant and it is obvious that many people are realizing the opportunity of the low home values and low interest rates.
For the fourth month in a row the amount of available inventory on the market has decreased which which is keeping steep competition for buyers looking to purchase in the Real Estate Market.
About half or 2,140 homes in March were sold for cash which means that many people are pulling their cash out from other shelters and purchasing real estate to gain a better return on their investment. To learn more about the opportunities Vegas Valley Real Estate has to offer you in regards to an amazing Return on Your Investment click here to watch a video.
Inventory Supply of ALL properties in Las Vegas is down to 4.1 Months - For Non-Short Sale properties, the Inventory Supply is 2.8
Current Inventory Available: 14,748 Properties
As the warm months continue, the amount of homes sold are increasing and the available homes to buy are decreasing. This is simple supply and demand - the fewer amount of homes available to buy, the more competition buyers will have when buying a property which means if you are looking to purchase a property, make sure you are using a professional that has proven tools and techniques to get you in the best position to compete and ultimately win against other buyers.
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